According to the latest Fluid Power Industry Growth Trend report from the National Fluid Power Association (NFPA), average shipments for pneumatic, hydraulic and total fluid power components has seen a steady growth pattern. The growth rate has remained as such since February 2021.
Positive market trends in the many industries served by fluid power, including manufacturing and heavy-duty mobile equipment, have benefited the fluid power industry.
Recent figures according to NFPA's Fluid Power Industry Growth Trend:
The year-to-date percent change for total fluid power shipments in March 2022 is 14.9%. Mobile hydraulic orders received from April 2021 to March 2022 are currently 137.9% of the orders received from April 2020 to March 2021. When looking at raw index data, pneumatic, mobile hydraulic, and industrial hydraulic shipments all increased when compared to last month.
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.
You can follow Sara and Power & Motion via the following social media handles:
