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Construction Machinery is estimated as the largest end-use industry for Hydraulic Components globally, with a US$16.3 billion market in 2019.
The COVID-19 crisis that has the world in its grips has taken a toll of the hydraulic components 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 lockdowns 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 components sector is also susceptible.
Axxess card purchase will help front line workers during COVID-19 crisis
The Santa Barbara Axxess card for 2021 will donate half of the membership sales to front line workers.
Axxess
SANTA BARBARA, Calif. - The owner of the Axxess Card is helping front line workers during these stressful times.
Karim Kaderali says he is donating back half of the $40-dollar membership sale to his Axxess clients to help their staff members who are likely facing financial challenges.
Axxess is a discount card and on line business with thousands of dollars in savings in both Santa Barbara and Ventura Counties for the purchaser.