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

Wed, 23 September 2020 12:11

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.

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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

  • 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  

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

" 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

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