Hydraulic and Pneumatic Industry Trends with NFPA
The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data.
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NFPA’s industry reports, outlook surveys, forecasts, and data sources allow our members to understand trends and anticipate change with a variety of trend graphs and data analysis for fluid power products, customer markets, and economic indicators.
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Hydraulic and Pneumatic Shipments
Raw Index Data, Index: 2018=100
This graph of raw index data is generated by the total dollar volume reported to NFPA by CSS participants and compared to the average monthly dollar volume in 2018. For example, the November 2022 total dollar volume for pneumatic shipments is 105.9% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)
Pneumatic, Mobile and Industrial Hydraulic Orders Index
Each point on this graph represents the most recent 12 months of orders compared to the previous 12 months of orders. Each point can be read as a percentage. For example, 118.5 (the November 2022 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from December 2021 to November 2022 were 118.5% of the orders received from December 2020 to November 2021. (Base Year 2018 = 100)
Total – Hydraulic and Pneumatic Shipments
This graph of 12-month moving averages shows that in November 2022, total fluid power, total pneumatic, and total hydraulic all increased. (Base Year 2018 = 100)
Shipments – Cumulative year-to-date % change (2022 vs. 2021)
|Total Fluid Power||Total Hydraulic||Total Pneumatic|
*Preliminary data subject to revision.
The table above is expressed in terms of cumulative percent changes. These changes refer to the percent difference between the relevant cumulative total for 2022 and the total for the same months in 2021. For example, November 2022 pneumatic shipments figure of 8.2 means that for the calendar year through November 2022, pneumatic shipments increased 8.2% compared to the same time-period in 2021.
Fluid Power Industry Growth Trend
The latest data published by the National Fluid Power Association shows the 12 month moving average of shipments for pneumatics, hydraulics, and total fluid power continue to grow. The year-to-date % change for total fluid power shipments in November 2022 is 16.9%, down from 17.6% in October. Mobile hydraulic orders received from December 2021 to November 2022 are currently 104.2% of the orders received from December 2020 to November 2021. When looking at raw index data, pneumatic, mobile hydraulic, and industrial hydraulic shipments decreased when compared to last month. These charts are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program. Much more information is available to NFPA members, which allows them to better understand trends and anticipate change in their market and the customer markets they serve. Contact NFPA at 414-778-3344 for more info.