Hydraulics

Hydraulic and Pneumatic Shipments Up Again in May

July 17, 2023

NFPA reports shipments for pneumatics, mobile hydraulics, and industrial hydraulics increased in May 2023 compared to the previous month.

Sara Jensen

The National Fluid Power Association (NFPA) has released its most recent data on shipments and orders for fluid power components. According to the association's 12-month moving average, shipments for pneumatics, hydraulics, and total fluid power are growing once again after reaching a plateau in April.

NFPA reports the year-to-date percent change for total fluid power shipments remained at 10.7% in May 2023. This is a slight decline from March's percent change of13.6%, but the same as April which shows the declines that started at the beginning of the year may be subsiding.

Mobile hydraulic orders also demonstrate potential positivity in the market. Orders received from June 2022 to May 2023 are currently 95.8% of the orders received from June 2021 to May 2022, only a slight decline from the 97.4% reported for May 2022 to April 2023.

Raw index data for pneumatic, mobile hydraulic and industrial hydraulic components and systems shows shipments increased in May 2023 compared to the previous month.

The above charts are supplied by NFPA and drawn from data collected from more than 70 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.

About the Author

Sara Jensen | Executive Editor, Power & Motion

Sara Jensen is executive editor of Power & Motion, directing expanded coverage into the modern fluid power space, as well as mechatronic and smart technologies. She has over 15 years of publishing experience. Prior to Power & Motion she spent 11 years with a trade publication for engineers of heavy-duty equipment, the last 3 of which were as the editor and brand lead. Over the course of her time in the B2B industry, Sara has gained an extensive knowledge of various heavy-duty equipment industries — including construction, agriculture, mining and on-road trucks —along with the systems and market trends which impact them such as fluid power and electronic motion control technologies.

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