For the Public: Fluid Power Market Trends

The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data. Get a sense of where markets are and where they're headed.

Hydraulic and Pneumatic Industry Trends with NFPA

The National Fluid Power Association (NFPA) is the leading source of hydraulic and pneumatic industry data.

 

Plan Your Next Move

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.

 

Expert Analysis and Hard Data

Dynamic conferences, meetings and webinars keep our members up to date on the latest economic conditions, emerging trends and industry insights for today’s ever-changing economic climate.

 

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From point-and-click online tools that automate time-consuming calculations, trend analysis, and custom forecasting to a user-friendly web dashboard that allows members custom access to industry information.

 

Find out how to become part of NFPA, or get more information on NFPA Market Information, by contacting Sam Diedrich at (414) 778-3372 or sdiedrich@nfpa.com.

Hydraulic and Pneumatic Shipments

Raw Index Data, Index: 2018=100

index graph

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 July 2022 total dollar volume for pneumatic shipments is 103.0% of the average monthly dollar volume in 2018.  (Base Year 2018 = 100)

Pneumatic, Mobile and Industrial Hydraulic Orders Index

roc graph

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, 126.8 (the July 2022 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from August 2021 to July 2022 were 126.8% of the orders received from August 2020 to July 2021.  (Base Year 2018 = 100)

Total – Hydraulic and Pneumatic Shipments

mma graph

This graph of 12-month moving averages shows that in July 2022, the moving averages for total fluid power and total hydraulic increased while pneumatic appears to be approaching a plateau.  (Base Year 2018 = 100)

Shipments – Cumulative year-to-date % change (2022 vs. 2021)

Total Fluid Power Total Hydraulic Total Pneumatic
Shipments Shipments Shipments
May 22 14.9 17.0 8.4
Jun 22 15.5 18.1 7.6
Jul 22* 15.2 17.8 7.1

*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, July 2022 pneumatic shipments figure of 7.1 means that for the calendar year through July 2022, pneumatic shipments increased 7.1% 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 hydraulics and total fluid power continue to grow, while pneumatics is approaching a plateau. The year-to-date % change for total fluid power shipments in July 2022 is 15.2%. Mobile hydraulic orders received from August 2021 to July 2022 are currently 116.7% of the orders received from August 2020 to July 2021. When looking at raw index data, pneumatic, mobile hydraulic, and industrial hydraulic shipments all 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.

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