2021 North American Industrial Market Outlook

Coming out of a challenging year, we look to 2021 with a sense of optimism that the world will overcome a global pandemic and move toward a state of normalcy. For the industrial market, the impact of demand destruction across most commodity markets and end-consumer products in 2020 caused many companies to curtail and realign spending budgets that, for the most part, pushed large investments into the future. Today we stand with one of the largest potential spending pipelines for 2021 and 2022, resembling the era following the Great Recession, but heightened with mega projects awaiting the return of consumption demand and investor funding.