In August 2022, NFPA launched a new Stats Dashboard that helps members easily track the latest fluid power industry data. As an NFPA member, you can access the Stats Dashboard right now on the NFPA member hub (click here to access). Here’s what you should know:
What data can I find in the Stats Dashboard?
|The Stats Dashboard highlights data from NFPA’s various market reports. Data in the dashboard is linked back to the report it was pulled from. This makes it easy for members to dig deeper into any information they find interesting or useful. Types of data include:
|– Fluid power shipment trends
– End use market shipment trends
– Producer price indexes
|– Industry and country forecasts
– US imports and exports of fluid power products
– Various survey result highlights
How often is the Stats Dashboard updated?
The dashboard is updated monthly as new data becomes available. The dashboard is a great page to bookmark for quick and easy updates on the latest fluid power trends.
NFPA produces indexes every month tracking shipments of US production for fluid power manufacturers. Here are some insights from the latest release:
- Shipments in November 2023 were down 5.4% compared to November 2022.
- When looking at a 12-month moving average, total fluid power shipments are continuing to drop from their historical peak earlier in 2023.
The National Fluid Power Association (NFPA) has entered into a partnership agreement with UKI Media & Events to convene and co-locate an advanced hydraulics conference for off-highway vehicle and fluid power engineers at iVT EXPO, to be held August 21-22, 2024, in Chicago, IL. iVT EXPO is an annual exposition for the off-highway vehicle design…
There is still time to register for April’s Fluid Power Vehicle Challenge Final Competitions. We need industry attendees to judge all aspects of the final competitions: the races, final presentations and vehicle design reviews. Industry attendees also participate in exclusive networking opportunities to recruit the next generation of talented engineers. Please register by March 1st.…
A new series of quarterly forecast updates from Oxford Economics is now available on the NFPA website at Global Industry Forecasts. These reports cover the global economy, as well as regional and country developments, and some detailed global industry forecasts. Oxford predicts a slow first half of 2024 with US industrial output being particularly stagnate.…