NFPA’s State of the Fluid Power Industry Survey: Leading Indicators for Members

NFPA surveys manufacturer and distributor members separately each month to gauge the current state, and future of the fluid power industry. Participants receive results of both surveys, giving them insight into the supply chain. This survey is relatively quick to fill out and full results are only sent to participants each month. Results include relevant breakdowns such as pneumatics, industrial hydraulic, and mobile hydraulic. For questions, or information on how to participate, contact Sam Diedrich at sdiedrich@nfpa.com.

Below are results for two questions from the August 2022 surveys:

Manufacturers Results: How will the next 12 months of Shipments compare to the last 12 months of Shipments:

Distributors Results: How will the next 12 months of Shipments compare to the last 12 months of Shipments?

The majority of manufacturers expect the next 12 months of shipments to be above the last 12 months of shipments. Distributors are more split between the next 12 months of shipments being above or the same as the last 12 months of shipments.

Manufacturer Results: Which best describes your hiring plans in the next 3 months?

Distributor Results: Which best describes your hiring plans in the next 3 months?

Distributors are split between increasing employment and keeping it the same over the next 3 months, while most manufacturers (69%) anticipate increasing employment over the next 3 months.