Forecasting industry sectors continues to be a challenge with uncertain global and U.S. economic factors constantly changing. Because of its diverse project base and reliance on commodity prices and actions from overseas, the industrial PVF sector is particularly difficult to forecast. Nonetheless, PM Engineer talks with a handful of key industrial PVF players to hear first-hand what they’re experiencing to gain a pulse for the market.
In 2021, the State of the Industrial PVF Market was called “The Perfect Storm,” describing a set of ongoing challenges that resulted in a difficult time for the industrial market: commodity price increases, tariffs and trade disruption, freight inflation, supply chain disruption, fleet shortages and — of course — the ongoing lack of skilled labor.