Pneumatic Shipments Continue on Positive Trajectory

Sept. 19, 2023
NFPA data shows pneumatics remain a positive sector for fluid power as shipments continued to increase in July 2023.

The 12-month moving average of shipments for pneumatic components and systems continued to increase in July 2023 according to the latest data from the National Fluid Power Association (NFPA). Shipments for hydraulics and total fluid power, however, plateaued during the month. 

NFPA's data shows the year-to-date percent change (2023 vs. 2022) for total fluid power shipments in July was 7.1%. This was a slight decrease from the 8.7% change reported in June 2023

Orders for mobile hydraulics from August 2022 to July 2023 are 93.7% of those received during the same period the year before (August 2021 to July 2022). In June, orders were 93.5% of those from 2022, indicating relative stability in this segment of the fluid power industry. 

However, when looking at raw index data on a month-over-month basis, pneumatic, mobile hydraulic and industrial hydraulic shipments all declined in July 2023 compared to June and even May. 

As noted by several presenters during the NFPA's Industry & Economic Outlook Conference (IEOC) held in August 2023, the fluid power industry and many of its customer markets are likely to see slower growth trends in the coming months. But this should not cause hydraulics and pneumatics manufacturers to panic as it will present an opportunity for many to catch up after the previous periods of stronger growth and prepare for the higher growth trends anticipated in 2025 and beyond. 

READ MORE: A “Good” Recession for Hydraulics and Pneumatics

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. 

You can follow Sara and Power & Motion via the following social media handles:

X (formerly Twitter): @TechnlgyEditor and @PowerMotionTech

LinkedIn: @SaraJensen and @Power&Motion

Facebook: @PowerMotionTech

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