Views: 6 Author: Site Editor Publish Time: 2021-08-16 Origin: Site
As a hydraulic System Manufacturer, share with you.
The COVID-19 crisis that has the world in its grips has taken a toll of the hydraulic system industry, too,
Although not to the devastating extent to which other sectors have been affected. Marginal declines are likely to be witnessed across the board over 2019-2020 and some semblance of growth can be expected only towards mid-2022.
However, this positive outlook depends on how the pandemic situation pans out over the coming months and how economies react to developments. Ill-thought out lock downs being imposed by governments based on the ground situation that varies from region to region have their own negative impact on industrial activity, to which the hydraulic sector is also susceptible.