Hydraulic and Pneumatic Shipments Start 2023 on Positive Note
Fluid power shipments remain in positive territory according to the most recent data published by the National Fluid Power Association (NFPA). The association's 12-month moving average for shipments of hydraulics, pneumatics and total fluid power continued the growth trends experienced over the past several months.
NFPA reports the year-to-date percent change for total fluid power shipments in January 2023 reached 21.1%. This was a slight increase from the percent change reported in December 2022, indicating more positive market conditions at the start of the year.
Mobile hydraulic orders received from February 2022 to January 2023 were 102.3% of those received during the previous period (February 2021 to January 2022), which was a slight decline from the 103.4% reported in December. However, raw index data shows shipments for mobile hydraulics, as well as pneumatics and industrial hydraulics increased compared to December 2022.
READ MORE - 2023 Fluid Power Market Outlook: Slowing Growth Cycle Ahead
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.
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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