Industry Growth Trends – December 2020

The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for December 2020 decreased 0.2% when compared to December 2019 and increased 6.0% when compared to November 2020. Mobile hydraulic and pneumatic shipments increased, while industrial hydraulic shipments decreased in December 2020 when compared to December 2019. When compared to November 2020, mobile hydraulic, industrial hydraulic, and pneumatic shipments increased in December 2020. The charts below are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.