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.

This special monthly report is generated exclusively for NFPA’s educator partners to properly monitor industry trends and supply market intelligence.

Market information questions? Contact Eric Armstrong at earmstrong@nfpa.com or 414‐778‐3372.

Hydraulic and Pneumatic Shipments

ShipmentsApril

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 February 2021 total dollar volume for pneumatic shipments are 96.9% of the average monthly dollar volume in 2018. (Base Year 2018 = 100)

Pneumatic, Mobile and Industrial Hydraulic Orders Index

OrdersApril

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, 75.2 (the January 2021 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from February 2020 to January 2021 were 75.2% of the orders received from February 2019 to January 2020.  (Base Year 2018 = 100)

Total – Hydraulic and Pneumatic Shipments

Total_ShipmentsApril

This graph of 12-month moving averages shows that in February 2021, hydraulic shipments decreased and pneumatic shipments increased.  (Base Year 2018 = 100)

Orders and Shipments – cumulative year-to-date percent changes

Pneumatic Industrial Hydraulic Mobile Hydraulic
shipments orders shipments orders shipments orders
Nov 2020 -9.5 -7.7 -24.5 -26.1 -21.6 -16.2
Dec 2020 -8.2 -5.9 -23.4 -24.8 -20.1 -14.3
Jan 21 -1.5 -0.9 -20.8 -14.4 -11.1 15.5

The table above is expressed in terms of cumulative percent changes.  These changes refer to the percent difference between the relevant cumulative total for 2021 and the total for the same months in 2020.  For example, the January 2021 pneumatic orders figure of -0.9 means that for the calendar year through January 2021, pneumatic orders decreased 0.9% compared to the same time-period in 2020.  (Base Year 2018 = 100)