Industry Growth Trends

The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for October 2020 decreased 18.5% when compared to October 2019 and increased 2.3% when compared to September 2020. Mobile hydraulic, industrial hydraulic, and pneumatic shipments decreased in October 2020 when compared to October 2019. When compared to September 2020, industrial hydraulic and pneumatic shipments increased, while mobile hydraulic shipments decreased. The following charts are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.