North America Continuous Manufacturing Gravimetric Feeder Market Forecast 2022-2030
KEY FINDINGS
The North America continuous manufacturing gravimetric feeder market is expected to propel with a CAGR of 6.82% during the forecast period, 2022-2030. The demand for precision in pharmaceutical manufacturing and the presence of various gravimetric feeder companies are driving the market growth in the region.
MARKET INSIGHTS
The North America continuous manufacturing gravimetric feeder market growth analysis includes the assessment of Canada and United States. Manufacturing is a vital factor in both emerging and advanced economies. According to the Government of Canada, manufacturing accounts for a significant section of the country’s GDP. Canada’s main manufacturing industries include paper, aircraft, automobiles, equipment, food, and apparel. All of these have expanded due to Canada’s strong trading ties with the United States.
According to the Canadian Manufacturing Coalition (CMC), motor vehicles and components accounted for food items worth $101 billion, $103 billion in Canadian manufacturing, chemical products for $50.3 billion, and coal & petroleum products for $51.2 billion in 2019. Furthermore, the country’s plastics and rubber, as well as chemical sectors, are increasing. As a result, Canada’s large manufacturing industry contributes to the continuous manufacturing gravimetric feeder market’s growth.
COMPETITIVE INSIGHTS
Some of the leading market players are NOVATEC Inc, Acrison Inc, Hapman, HaF Equipment, Plastore Inc, etc.
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