With a turnover of 7,9 billion Euro (2018) the fluid power industry is one of the most important suppliers to the entire mechanical and plant engineering sector. The ratio of hydraulics is 5,3 billion Euro and that of pneumatics 2,6 billion Euro. Compared to the previous year the turnover fell by in total 4 %. Reasons for this included economic and geopolitical uncertainties.
Thanks to its innovative products fluid power contributes to the global competitiveness of its customers. Therefore, it is no surprise that German fluid power industry with its share in global trade has been ranking first ahead of the USA and China for years. The export ratio is on average 58 %. In addition the production abroad of many German fluid power companies contributes to an increased market penetration. This demonstrates the great trust customers are having in German cutting-edge technology. In this industrial sector Germany is the most important supplier worldwide.
The Fluid Power association provides its members with a wide range of market information geared towards the interests of the sector. Sources for this information include surveys conducted amongst the members. The degree of representation for this data is approximately 90 percent.
Information on the European and international markets is also available to the member companies of the Fluid Power Association. European and international fluid power associations collaborate closely under the auspices of the European umbrella organization CETOP and the International Statistics Committee (ISC) for fluid power.
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
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