23 Jul, 2026
According to Straits Research the global motorized pulley market was valued at $1.46 billion in 2025 and is anticipated to grow from $1.55 billion in 2026 to $2.47 billion by 2034, registering a CAGR of 6% during the forecast period 2026–2034.South American livelihoods mainly depend on agriculture. So naturally, food processing industries have significant growth potential. Innovation in the agri-food sector, evolving value-chain, and government funding have transformed the region’s food processing industry. Colombia is one of the fastest-growing markets for fruits and nuts. In 2019, the country exported around USD 2.9 billion worth of fruits, which showcases the potential of the food processing industry.
Brazil’s e-commerce market has still not achieved its full potential. Many companies will benefit once the government simplifies its tax structure concerning e-commerce. Brazil’s automotive industry has turned a corner and begun showing promise. The country’s automobile production numbers were showcasing positive growth, where the global automobile industry was in a bad phase. The advent of electric vehicles will play a key role in the automotive industry, enabling the growth of the material handling industry and the drum motor market.
In 2019, the mining industry seemed to have consolidated positive growth in 2018. Even though the mining industry was showcasing positive growth pre-COVID-19, post-COVID-19, things are likely to change as companies will be compelled to look into matters of ESG (Environmental, Social, and Governance) in a critical way. This will pave the way for material handling equipment that is safer towards the workers and the environment, further driving the motorized pulley market.
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