The National Fluid Power Association's (NFPA) latest industry data shows the year-to-date percent change for total fluid power shipments was 16.9% in November 2022. This was a slight decline from the 17.6% change reported in October.
Raw index data for pneumatic, mobile and industrial hydraulic shipments were also down from October.
Despite this, the NFPA's 12-month moving average of shipments for pneumatics, hydraulics and total fluid power continued its growth pattern the association reports.
Mobile hydraulics maintained positive momentum in November as orders received from December 2021 to November 2022 were 104.2% of those received during the prior period (December 2020 to November 2021). This was only a slight decline from what was reported by the NFPA in October, and demonstrates the continued strength of the mobile market for the fluid power industry.
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The above charts are supplied by NFPA and drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.