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.
Got questions about your regional growth of
Motorized Pulley Market?
Just drop us a line or call on +1 646 480 7505
Impact of COVID-19
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.
Key Players
Motorized Pulley Market: Segmentation
By Type
By Application
By Region
North America
Europe
Asia-Pacific
Central and South America and the Caribbean
The Middle East
Africa
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods