Industry Growth Trends – January Report

The latest data published by the National Fluid Power Association shows industry shipments of fluid power products for November 2020 decreased 10.9% when compared to November 2019 and decreased 9.4% when compared to October 2020. Mobile hydraulic, industrial hydraulic, and pneumatic shipments decreased in November 2020 when compared to November 2019 and when compared to October 2020. These charts are drawn from data collected from more than 80 manufacturers of fluid power products by NFPA’s Confidential Shipment Statistics (CSS) program.