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 March 2023 total dollar volume for pneumatic shipments is 132.0% 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, 113.3 (the March 2023 level of the industrial hydraulic series) indicates that industrial hydraulic orders received from April 2022 to March 2023 were 113.3% of the orders received from April 2021 to March 2022. (Base Year 2018 = 100)
Total – Hydraulic and Pneumatic Shipments
This graph of 12-month moving averages shows that in March 2023, total fluid power, total pneumatic, and total hydraulic all increased. (Base Year 2018 = 100)
Shipments – Cumulative year-to-date % change (2023 vs. 2022)
| Total Fluid Power | Total Hydraulic | Total Pneumatic | |
| Shipments | Shipments | Shipments | |
| Jan 23 | 21.4 | 25.3 | 15.1 |
| Feb 23 | 16.6 | 20.1 | 12.2 |
| Mar 23* | 13.6 | 17.2 | 9.6 |
*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 2023 and the total for the same months in 2022. For example, March 2023 pneumatic shipments figure of 9.6 means that for the calendar year through March 2023, pneumatic shipments increased 9.6% compared to the same time-period in 2022.
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 February 2023 is 13.6%. Mobile hydraulic orders received from April 2022 to March 2023 are currently 98.0% of the orders received from April 2021 to March 2022. When looking at raw index data, pneumatic, mobile hydraulic, and industrial hydraulic shipments increased when compared to last month. These charts are drawn from data collected from more than 70 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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