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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Motorized Pulley 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.
Motorized Pulley Market: Segmentation
Central and South America and the Caribbean
The Middle East
" 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 PeriodsView Full Report Buy This Report Now