The Asia-Pacific continuous manufacturing gravimetric feeder market is expected to propel with a CAGR of 7.02% during the forecast period, 2022-2030. The market growth is driven by the increasing number of manufacturing units in developing countries, low labor costs, and a business-friendly environment.
The Asia-Pacific continuous manufacturing gravimetric feeder market growth analysis includes the assessment of South Korea, Japan, India, China, Vietnam, Thailand, Indonesia, Australia & New Zealand, and Rest of Asia-Pacific. China has advanced across several competitive drivers, including favorable policies, a strong business ecosystem, an established supplier network, and a large consumer base. The country has evolved its manufacturing capabilities from low-cost goods to more advanced products, initially driven by its ability to deliver low-cost labor and materials.
Furthermore, in 2017, South Korea’s commercial and governmental sectors agreed to boost the number of smart domestic factories to have more than 30,000 such factories running with cutting-edge digital and analytical technology by 2022. Such initiatives will also increase the demand for continuous manufacturing gravimetric feeders.
In addition, the Indonesian government is dedicated to encouraging investment by fostering a favorable environment for business operations and facilitating licensing and industry incentives. Moreover, the country has devised a blue economy development strategy to enhance national manufacturing. Hence, continuous developments in the country are expected to boost the manufacturing industry, thereby increasing the demand for continuous manufacturing gravimetric feeders.
Some prominent market players in the Asia-Pacific continuous manufacturing gravimetric feeder market include GIMAT Srl, Coperion GmbH, FLSmidth & Co, Brabender GmbH & Co KG, etc.
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- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
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- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments