South American Mining and Food Processing Industries to Drive the Motorized Pulley Market

Introduction

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.

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.

Competitive Players

Key Players

• Interroll Holding AG
• Rulmeca Holdings S.p.A
• Van der Graaf Inc.
• Southquip Industrial
• Impetus Prolific Pvt. Ltd
• LAT Maschinen- und Antriebstechnik GmbH & Co. KG
• Tianjin Seaparks Machinery-Electronics Co., Ltd
• Sparks USA
• Gesto Drum Motors Electrical Industry Inc Co
• Procon Antriebstechnik GmbH
• Zibo Yenfing Machinery Co. Ltd
• Brown Advance, S.A.
• Henan Modern Industrial Co., Limited
• Rollflex Pte Ltd
• Henan Pingyuan Mining Machinery Co., Ltd

Recent Developments

Segmentation

Motorized Pulley Market: Segmentation

By Type

• Oil-Free Motorized Pulley
• Oil-Cooled Motorized Pulley

By Application

• Mining
• Automotive
• Material Processing
• Food Handling
• Transportation

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • Switzerland
  • Italy
  • Spain
  • France
  • Russia
  • The Rest of Europe
• Asia-Pacific
  • China
  • South Korea
  • Australia
  • India
  • Japan
  • Vietnam
  • Indonesia
  • The Rest of Asia-Pacific
• Central and South America and the Caribbean
  • Brazil
  • Argentina
  • Colombia
  • The Rest of Central and South America and the Caribbean
• The Middle East
  • Saudi Arabia
  • Oman
  • Qatar
  • The UAE
  • Turkey
  • The Rest of ME
• Africa
  • Nigeria
  • Tanzania
  • South Africa
  • Ghana
  • The Rest of Africa