Industry Growth Trends – January 2021

The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for January 2021 decreased 13.9% when compared to January 2020 and increased 5.4% when compared to December 2020. Mobile hydraulic, industrial hydraulic, and pneumatic shipments decreased in January 2021 when compared to January 2020 but increased when compared to 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.