鉱山用コンベアシステム市場 – 2032年までの世界予測

Mining Conveyor System Market - Global Forecast To 2032

鉱山用コンベアシステム市場 - コンベアタイプ(ベルト、ケーブル/スチールコード、バケット、サイドウォール)、サービスタイプ(インピット、インプラント、陸上、パイプ)、用途(露天掘り、地下)、駆動タイプ(ギア付き、ギアレス)、および地域別 - 2032年までの世界予測
Mining Conveyor System Market by Conveyor Type (Belt, Cable/Steel Cord, Bucket & Side Wall), Service Type (In-pit, In-plant, Overland, Pipe), Application (Open-pit, Underground), Drive Type (Geared, Gearless), & Region - Global Forecast to 2032

商品番号 : SMB-77820

出版社MarketsandMarkets
出版年月2025年5月
ページ数247
図表数287
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The mining conveyor system market is estimated to be USD 351.7 million in 2025 and is projected to reach USD 359.4 million by 2032, at a CAGR of 0.3% from 2025 to 2032.

鉱山コンベアシステム市場は、2025年には3億5,170万米ドルに達すると推定され、2025年から2032年にかけて0.3%のCAGRで成長し、2032年には3億5,940万米ドルに達すると予測されています。

The market is experiencing growth driven by technological advancements and rising mineral demand. Innovations such as automation, remote monitoring, and energy-efficient components are enhancing system performance, reducing operational costs, and improving safety. Simultaneously, the global push for clean energy, electric vehicles, and infrastructure development is increasing the demand for critical minerals like lithium, copper, and rare earth elements. These trends are prompting mining companies to expand operations and invest in modern, high-capacity conveyor systems that can handle bulk materials more efficiently and sustainably.

市場は、技術の進歩と鉱物需要の増加に牽引され、成長を遂げています。自動化、遠隔監視、省エネ部品といったイノベーションは、システム性能の向上、運用コストの削減、安全性の向上に寄与しています。同時に、クリーンエネルギー、電気自動車、インフラ開発への世界的な取り組みにより、リチウム、銅、希土類元素といった重要鉱物の需要が高まっています。こうした傾向を受け、鉱山会社は操業を拡大し、バルク材をより効率的かつ持続的に処理できる最新の大容量コンベアシステムへの投資を進めています。

鉱山用コンベアシステム市場 - 2032年までの世界予測
mining-conveyor-system-market

“Gearless drive to register higher CAGR than geared drive conveyor systems during forecast period”

By drive type, the gearless drive segment is expected to register a higher CAGR than the geared drive segment during the forecast period due to its advantages in energy efficiency, reduced maintenance needs, and improved reliability in harsh mining environments. Unlike traditional geared systems, gearless drives eliminate mechanical components such as gearboxes, leading to fewer breakdowns and lower operational costs. Their ability to handle high torque and power makes them ideal for long-distance and heavy-duty conveying applications commonly found in mining operations. Additionally, as the mining industry increasingly adopts automation and digital monitoring, gearless systems offer better integration with advanced control systems, further boosting their adoption and market growth. Companies such as ABB (Switzerland), TAKRAF GmbH (Germany), Innomotics (Germany), and Siemens (Germany) provide gearless conveyor systems for mining operations. In March 2024, TAKRAF GmbH and ABB extended their strategic partnership to continue deploying Gearless Conveyor Drive (GCD) technology in TAKRAF’s bulk material handling solutions, aiming to enhance sustainability and resource efficiency.

“Overland conveyors to hold significant market share during forecast period”

Overland conveyors hold a significant market share in the mining conveyor system market due to their ability to efficiently transport bulk materials over long distances with minimal environmental impact and lower operational costs compared to truck haulage. These systems are especially advantageous in large-scale mining operations, where they reduce fuel consumption, emissions, and maintenance needs while ensuring continuous material flow. Their high load capacity, energy efficiency, and adaptability to challenging terrains make them a preferred choice for transporting ore, coal, and other minerals from remote extraction sites to processing facilities, contributing to their growing adoption in the global mining sector. For instance, in March 2025, Rio Tinto (UK) announced a USD 1.8 billion investment to extend its Brockman mine in Western Australia’s Pilbara region. The project includes the construction of a new primary crusher and an overland conveyor system, with the first ore anticipated in 2027. Such development will drive the market growth during the forecast period.

鉱山用コンベアシステム市場 - 2032年までの世界予測 region
mining-conveyor-system-market-region

“China to hold largest market share in Asia Oceania during forecast period”

China is estimated to be the largest market for mining conveyor systems in the Asia Oceania region, driven by the country’s extensive mining activities and strategic industrial initiatives. China’s “Made in China 2025” plan emphasizes automation and modernization in manufacturing, leading to increased adoption of advanced conveyor technologies in the mining sector. The nation’s significant investments in infrastructure and the expansion of mining capacities, particularly in coal and rare-earth minerals, have further propelled the demand for efficient material handling solutions. Chinese mining companies such as China Shenhua Energy Co., Ltd., China National Coal Group Corp., and Yanzhou Coal Mining Company Limited are investing heavily in advanced conveyor systems that can handle complex underground environments. Stricter environmental regulations and the push for automation are further driving the adoption of conveyor technologies in mining across China.

Breakup of Primaries:

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I – 35%, Tier II – 30%, and OEMs – 35%
  • By Designation: C Level Executives – 45%, Directors – 35%, and Others – 20%
  • By Region: Asia Oceania-32%, Europe-36%, North America-24%, Rest of the World-8%

The mining conveyor system market is dominated by key players such as FLSmidth A/S (Denmark), Continental AG (Germany), Metso (Finland), ABB (Switzerland), and BEUMER Group (Germany).

鉱山用コンベアシステム市場 - 2032年までの世界予測 ecosystem
mining-conveyor-system-market-ecosystem

The study includes an in-depth competitive analysis of these key players in the mining conveyor system market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

This research report categorizes the mining conveyor system market by conveyor type (belt, cable/steel cord, bucket & side wall, others), service type (in-pit, in-plant, overland, pipe, stackers, reclaimers, & feed conveyors), application (open-pit, underground), drive type (geared, gearless), and region (Asia Oceania, Europe, North America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions & services, key strategies, contracts, partnerships, agreements, new product & service launches, mergers & acquisitions, and recent developments associated with the mining conveyor system market. This report also covers the competitive analysis of upcoming startups in the mining conveyor system market ecosystem.

本調査レポートは、鉱山用コンベアシステム市場を、コンベアタイプ(ベルト、ケーブル/スチールコード、バケット&サイドウォール、その他)、サービスタイプ(インピット、インプラント、陸上、パイプ、スタッカー、リクレーマー、フィードコンベア)、用途(露天掘り、地下)、駆動タイプ(ギア付き、ギアレス)、地域(アジア・オセアニア、欧州、北米、その他)別に分類しています。レポートでは、市場の成長に影響を与える推進要因、制約要因、課題、機会など、主要な要因に関する詳細な情報を網羅しています。主要業界プレーヤーの詳細な分析により、事業概要、ソリューションとサービス、主要戦略、契約、パートナーシップ、合意、新製品とサービスの発売、合併と買収、鉱山用コンベアシステム市場に関連する最近の動向に関する洞察を提供しています。また、本レポートでは、鉱山用コンベアシステム市場エコシステムにおける新興企業の競合分析も取り上げています。

Reasons to Buy this Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall mining conveyor system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (rising demand for minerals and metals, expansion of mining activities, growth in open-pit mining), restraints (high installation costs), opportunities (rising demand for automation, development of green conveyor systems), and challenges (maintenance and downtime risks) influencing the growth of the mining conveyor system market.
  • Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the mining conveyor system market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the mining conveyor system market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the mining conveyor system market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like FLSmidth A/S (Denmark), Continental AG (Germany), Metso (Finland), ABB (Switzerland), and BEUMER Group (Germany), among others, in the mining conveyor system market.

Table of Contents

1               INTRODUCTION              22

1.1           STUDY OBJECTIVES       22

1.2           MARKET DEFINITION   23

1.3           STUDY SCOPE   25

1.3.1        MARKET SEGMENTATION & GEOGRAPHICAL SPREAD                 25

1.3.2        INCLUSIONS AND EXCLUSIONS 25

1.4           YEARS CONSIDERED      26

1.5           CURRENCY CONSIDERED            26

1.6           VOLUME UNIT CONSIDERED     27

1.7           STAKEHOLDERS               27

2               RESEARCH METHODOLOGY       28

2.1           RESEARCH DATA              28

2.1.1        SECONDARY DATA          29

2.1.1.1    Secondary sources                30

2.1.1.2    Key data from secondary sources       31

2.1.2        PRIMARY DATA 31

2.1.2.1    Primary interviews: Demand and supply sides                32

2.1.2.2    Breakdown of primary interviews      32

2.1.2.3    Primary participants             32

2.1.2.4    Objectives of primary research           33

2.2           MARKET SIZE ESTIMATION         33

2.2.1        BOTTOM-UP APPROACH              35

2.2.2        TOP-DOWN APPROACH                35

2.3           DATA TRIANGULATION                37

2.4           FACTOR ANALYSIS          39

2.5           RESEARCH ASSUMPTIONS           39

2.6           RESEARCH LIMITATIONS             40

2.7           RISK ASSESSMENT           41

3               EXECUTIVE SUMMARY  42

4               PREMIUM INSIGHTS       46

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MINING CONVEYOR SYSTEM MARKET   46

4.2           MINING CONVEYOR SYSTEM MARKET, BY REGION                 47

4.3           MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE     47

4.4           MINING CONVEYOR SYSTEM MARKET, BY SERVICE TYPE     48

4.5           MINING CONVEYOR SYSTEM MARKET, BY DRIVE TYPE                 48

4.6           MINING CONVEYOR SYSTEM MARKET, BY APPLICATION   49

5               MARKET OVERVIEW       50

5.1           INTRODUCTION              50

5.2           MARKET DYNAMICS       51

5.2.1        DRIVERS               51

5.2.1.1    Rising demand for minerals and metals            51

5.2.1.2    Expansion of mining activities            52

5.2.1.3    Growth in open-pit mining 53

5.2.2        RESTRAINTS      55

5.2.2.1    High installation cost           55

5.2.3        OPPORTUNITIES              55

5.2.3.1    Rising demand for automation           55

5.2.3.2    Development of green conveyor systems          56

5.2.4        CHALLENGES    57

5.2.4.1    Maintenance and downtime risks      57

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            58

5.4           ECOSYSTEM ANALYSIS  59

5.5           SUPPLY CHAIN ANALYSIS             61

5.6           PRICING ANALYSIS          62

5.6.1        AVERAGE SELLING PRICE, BY CONVEYOR TYPE 62

5.6.2        AVERAGE SELLING PRICE TREND, BY REGION   63

5.7           PATENT ANALYSIS          64

5.8           IMPACT OF GENERATIVE AI       66

5.9           CASE STUDY ANALYSIS 67

5.9.1        SIEMENS IMPLEMENTED ADVANCED GEARLESS CONVEYOR DRIVE SYSTEM TO IMPROVE RELIABILITY AND UPTIME                67

5.9.2        FLSMIDTH DEVELOPED PIPE CONVEYOR SYSTEM TO ACHIEVE SUSTAINABLE AND EFFICIENT ORE TRANSPORT PROCESS              67

5.9.3        THYSSENKRUPP INSTALLED OVERLAND CONVEYOR SYSTEM TO ENSURE EFFICIENT, LONG-DISTANCE COAL TRANSPORTATION         68

5.10         US 2025 TARIFF ANALYSIS            68

5.10.1      INTRODUCTION              68

5.10.2      KEY TARIFF RATES          69

5.10.3      CONVEYOR SYSTEM COMPONENTS: PRE- AND POST-TARIFF COST ANALYSIS                70

5.10.4      IMPACT ON COUNTRY/REGION                70

5.10.4.1  US           70

5.10.4.2  Europe   70

5.10.4.3  Asia Pacific (India and Southeast Asia)            70

5.10.5      IMPACT ON MINING INDUSTRY                71

5.11         INVESTMENT & FUNDING SCENARIO     71

5.12         TECHNOLOGY ANALYSIS             73

5.12.1      KEY TECHNOLOGIES     73

5.12.1.1  Radiofrequency identification             73

5.12.1.2  Proximity sensors 73

5.12.2      COMPLEMENTARY TECHNOLOGIES       73

5.12.2.1  Artificial Intelligence (AI) and machine learning (ML) 73

5.12.2.2  Augmented Reality (AR)     73

5.12.3      ADJACENT TECHNOLOGIES       74

5.12.3.1  Internet of Things (IoT)     74

5.13         HS CODES           74

5.13.1      IMPORT SCENARIO         74

5.13.2      EXPORT SCENARIO         75

5.14         REGULATORY LANDSCAPE         76

5.14.1      REGULATIONS, BY COUNTRY    76

5.14.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             77

5.15         KEY CONFERENCES & EVENTS, 2025–2026              79

5.16         KEY STAKEHOLDERS AND BUYING CRITERIA     80

5.16.1      KEY STAKEHOLDERS IN BUYING PROCESS           80

5.16.2      BUYING CRITERIA           81

6               MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE     83

6.1           INTRODUCTION              84

6.2           BELT     86

6.2.1        NEED FOR EFFICIENT, HIGH-CAPACITY, AND LOW-MAINTENANCE TRANSPORTATION SYSTEMS FOR BULK MATERIALS TO DRIVE MARKET                 86

6.3           CABLE/STEEL CORD       88

6.3.1        REQUIREMENT FOR HIGH-CAPACITY, LONG-DISTANCE CONVEYANCE SYSTEMS TO DRIVE DEMAND      88

6.4           BUCKET AND SIDE WALL              89

6.4.1        INCREASING NEED FOR CUSTOMIZED DESIGN SOLUTIONS FOR STEEP, CONFINED, AND COMPLEX LAYOUTS TO DRIVE MARKET         89

6.5           OTHERS                91

6.6           KEY INDUSTRY INSIGHTS             93

7               MINING CONVEYOR SYSTEM MARKET, BY SERVICE TYPE     94

7.1           INTRODUCTION              95

7.2           IN-PIT CONVEYORS        96

7.2.1        DEMAND FOR COST-EFFECTIVE MATERIAL HANDLING SOLUTIONS TO DRIVE MARKET                96

7.2.1.1    Shiftable conveyors               97

7.2.1.2    Extendable conveyors           97

7.2.1.3    Belt wagons           98

7.2.1.4    Transfer bridges   98

7.2.1.5    Relocatable conveyors          98

7.3           IN-PLANT CONVEYORS 98

7.3.1        RISING DEMAND FOR EFFICIENT IN-PLANT HANDLING AND FLEXIBLE CONVEYOR SOLUTIONS TO DRIVE MARKET                 98

7.4           OVERLAND CONVEYORS              99

7.4.1        SHIFT TOWARD RELIABLE, LONG-DISTANCE MATERIAL TRANSPORT SOLUTIONS TO DRIVE MARKET     99

7.5           PIPE CONVEYORS            101

7.5.1        RISING ADOPTION OF SMART MONITORING TECHNOLOGIES

TO DRIVE MARKET       101

7.6           STACKERS, RECLAIMERS, AND FEED CONVEYORS                 102

7.6.1        RISING NEED FOR EFFICIENT, FLEXIBLE, AND COST-EFFECTIVE BULK HANDLING SYSTEMS TO DRIVE MARKET                 102

7.7           KEY INDUSTRY INSIGHTS             103

8               MINING CONVEYOR SYSTEM MARKET, BY APPLICATION   104

8.1           INTRODUCTION              105

8.2           OPEN-PIT MINING          106

8.2.1        GROWING NEED FOR AUTOMATION OF CONVEYOR SYSTEM PROCESSES

TO DRIVE MARKET         106

8.3           UNDERGROUND MINING             107

8.3.1        NEED FOR EFFICIENT MATERIAL TRANSPORTATION AND REDUCED OPERATIONAL COST TO DRIVE MARKET                 107

8.4           KEY INDUSTRY INSIGHTS             109

9               MINING CONVEYOR SYSTEM MARKET, BY DRIVE TYPE                 110

9.1           INTRODUCTION              111

9.2           GEARED DRIVE 112

9.2.1        ADVANCEMENTS IN GEARBOX TECHNOLOGY TO DRIVE MARKET 112

9.3           GEARLESS DRIVE             114

9.3.1        NEED FOR REDUCING COST AND ACHIEVING QUICK ROI TO DRIVE MARKET 114

9.4           KEY INDUSTRY INSIGHTS             115

10            MINING CONVEYOR SYSTEM MARKET, BY REGION                 116

10.1         INTRODUCTION              117

10.2         ASIA OCEANIA  119

10.2.1      MACROECONOMIC INDICATORS FOR ASIA OCEANIA                 122

10.2.2      CHINA  124

10.2.2.1  Growing demand for material handling systems to support mining activities   124

10.2.3      INDIA    125

10.2.3.1  Expansion of coal mining activities to drive demand for conveyor systems  125

10.2.4      AUSTRALIA         126

10.2.4.1  Increasing focus on enhancing efficiency and productivity of mining operations to drive market     126

10.2.5      SOUTHEAST ASIA            127

10.2.5.1  Strategic investments in mining industry to drive market                 127

10.3         EUROPE               128

10.3.1      MACROECONOMIC INDICATORS FOR EUROPE 131

10.3.2      GERMANY           135

10.3.2.1  Technological advancements and automation in mining systems to drive market      135

10.3.3      FRANCE                136

10.3.3.1  Ongoing modernization of industrial infrastructure to drive market    136

10.3.4      UK          137

10.3.4.1  Focus on modernizing mining infrastructure to drive market                 137

10.3.5      SPAIN    138

10.3.5.1  Increasing demand for automated and efficient mining conveyor systems to drive market       138

10.3.6      ITALY    139

10.3.6.1  Rising demand for energy-efficient, cost-effective transportation of materials to drive market                 139

10.3.7      RUSSIA 140

10.3.7.1  Increasing adoption of material handling systems in mining operations to drive market  140

10.3.8      NORDIC COUNTRIES     141

10.3.8.1  Need for new mining projects to drive demand for conveyor systems  141

10.3.9      REST OF EUROPE             142

10.4         NORTH AMERICA             143

10.4.1      MACROECONOMIC INDICATORS FOR NORTH AMERICA                 145

10.4.2      US           147

10.4.2.1  Expansion of mining operations to drive demand for conveyor systems  147

10.4.3      CANADA               148

10.4.3.1  Increasing adoption of autonomous and remotely operated mining equipment to drive market    148

10.4.4      MEXICO                149

10.4.4.1  Increasing demand for energy transition metals to drive market                 149

10.5         REST OF THE WORLD    150

10.5.1      MACROECONOMIC INDICATORS FOR REST OF THE WORLD 152

10.5.2      BRAZIL 154

10.5.2.1  Growing export of minerals to drive market    154

10.5.3      SOUTH AFRICA 155

10.5.3.1  Rising investments in deep-level mining operations to drive market    155

10.5.4      CHILE   156

10.5.4.1  Increased demand for copper and other minerals, coupled with focus on improving operational efficiency, to spur growth            156

11            COMPETITIVE LANDSCAPE         158

11.1         INTRODUCTION              158

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            158

11.3         MARKET SHARE ANALYSIS           160

11.4         REVENUE ANALYSIS       163

11.5         COMPANY VALUATION AND FINANCIAL METRICS                 163

11.5.1      COMPANY VALUATION 163

11.5.2      FINANCIAL METRICS      164

11.6         BRAND/PRODUCT COMPARISON             165

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 166

11.7.1      STARS   166

11.7.2      EMERGING LEADERS     166

11.7.3      PERVASIVE PLAYERS      166

11.7.4      PARTICIPANTS 166

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         168

11.7.5.1  Company footprint               168

11.7.5.2  Region footprint   169

11.7.5.3  Conveyor type footprint      169

11.7.5.4  Service type footprint           170

11.7.5.5  Application footprint            170

11.7.5.6  Drive type footprint              171

11.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES                 171

11.8.1      PROGRESSIVE COMPANIES         171

11.8.2      RESPONSIVE COMPANIES            171

11.8.3      DYNAMIC COMPANIES  172

11.8.4      STARTING BLOCKS         172

11.8.5      COMPETITIVE BENCHMARKING               173

11.9         COMPETITIVE SCENARIO             174

11.9.1      DEALS  174

11.9.2      EXPANSION        175

11.9.3      OTHER DEVELOPMENTS              177

12            COMPANY PROFILES      178

12.1         KEY PLAYERS     178

12.1.1      FLSMIDTH A/S  178

12.1.1.1  Business overview 178

12.1.1.2  Products/Solutions offered 179

12.1.1.3  Recent developments           180

12.1.1.4  MnM view              181

12.1.1.4.1                Key strengths        181

12.1.1.4.2                Strategic choices   181

12.1.1.4.3                Weaknesses and competitive threats 181

12.1.2      CONTINENTAL AG          182

12.1.2.1  Business overview 182

12.1.2.2  Products/Solutions offered 183

12.1.2.3  Recent developments           184

12.1.2.4  MnM view              186

12.1.2.4.1                Key strengths        186

12.1.2.4.2                Strategic choices   186

12.1.2.4.3                Weaknesses and competitive threats 187

12.1.3      METSO 188

12.1.3.1  Business overview 188

12.1.3.2  Products/Solutions offered 189

12.1.3.3  Recent developments           191

12.1.3.4  MnM view              192

12.1.3.4.1                Key strengths        192

12.1.3.4.2                Strategic choices   192

12.1.3.4.3                Weaknesses and competitive threats 192

12.1.4      ABB        193

12.1.4.1  Business overview 193

12.1.4.2  Products/Solutions offered 194

12.1.4.3  Recent developments           195

12.1.4.4  MnM view              196

12.1.4.4.1                Key strengths        196

12.1.4.4.2                Strategic choices   196

12.1.4.4.3                Weaknesses and competitive threats 196

12.1.5      BEUMER GROUP               197

12.1.5.1  Business overview 197

12.1.5.2  Products/Solutions offered 198

12.1.5.3  Recent developments           198

12.1.5.4  MnM view              200

12.1.5.4.1                Key strengths        200

12.1.5.4.2                Strategic choices   200

12.1.5.4.3                Weaknesses and competitive threats 200

12.1.6      NEPEAN               201

12.1.6.1  Business overview 201

12.1.6.2  Products/Solutions offered 201

12.1.6.3  Recent developments           202

12.1.7      SHANDONG MINING MACHINERY GROUP CO., LTD                 203

12.1.7.1  Business overview 203

12.1.7.2  Products/Solutions offered 204

12.1.8      HERRENKNECHT AG      205

12.1.8.1  Business overview 205

12.1.8.2  Products/Solutions offered 205

12.1.9      FENNER DUNLOP AUSTRALIA PTY LTD.                206

12.1.9.1  Business overview 206

12.1.9.2  Products/Solutions offered 206

12.1.9.3  Recent developments           207

12.1.10   TAKRAF GMBH 209

12.1.10.1                 Business overview 209

12.1.10.2                 Products/Solutions offered 209

12.1.10.3                 Recent developments           210

12.1.11   WEST RIVER CONVEYORS            211

12.1.11.1                 Business overview 211

12.1.11.2                 Products/Solutions offered 211

12.1.12   TERRA NOVA TECHNOLOGIES, INC.        212

12.1.12.1                 Business overview 212

12.1.12.2                 Products/Solutions offered 212

12.1.12.3                 Recent developments           213

12.1.13   SEMPERIT AG HOLDING               214

12.1.13.1                 Business overview 214

12.1.13.2                 Products/Solutions offered 215

12.1.14   BANDO CHEMICAL INDUSTRIES, LTD.   217

12.1.14.1                 Business overview 217

12.1.14.2                 Products/Solutions offered 218

12.1.15   FEECO INTERNATIONAL, INC.   220

12.1.15.1                 Business overview 220

12.1.15.2                 Products/Solutions offered 220

12.1.16   SKE INDUSTRIES              222

12.1.16.1                 Business overview 222

12.1.16.2                 Products/Solutions offered 222

12.2         OTHER PLAYERS              224

12.2.1      DURA CONVEYOR BELTING PVT. LTD.  224

12.2.2      SANWEI HOLDING GROUP CO., LTD       225

12.2.3      MILETECH CONVEYOR BELT      226

12.2.4      HEBEI JOYROLL CONVEYOR MACHINERY CO., LTD.                 227

12.2.5      SHANDONG LAND BRIDGE RUBBER CO., LTD.   228

12.2.6      THEJO AUSTRALIA          229

12.2.7      DMC CONVEYOR SERVICES         230

12.2.8      QUARRY MINING LLC    231

12.2.9      BTL EPC LTD.    232

12.2.10   ALLOR MANUFACTURING/PLESH INDUSTRIES 233

12.2.11   NEXTORE            234

12.2.12   CONVEYOR MANUFACTURERS AUSTRALIA         235

13            RECOMMENDATIONS BY MARKETSANDMARKETS                 236

13.1         RAPID ADOPTION OF ADVANCED MINING TECHNOLOGIES TO BOOST DEMAND FOR CONVEYOR SYSTEMS              236

13.2         TECHNOLOGICAL ADVANCEMENTS IN OPEN-PIT MINING TO DRIVE MARKET FOR MINING CONVEYOR SYSTEMS                 236

13.3         ASIA OCEANIA TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD       237

13.4         CONCLUSION    237

14            APPENDIX           239

14.1         INSIGHTS FROM INDUSTRY EXPERTS     239

14.2         DISCUSSION GUIDE        239

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                243

14.4         CUSTOMIZATION OPTIONS        245

14.4.1      ADDITIONAL COMPANY PROFILES (UP TO FIVE)                 245

14.4.2      MINING CONVEYOR SYSTEM MARKET, BY SERVICE TYPE, AT COUNTRY LEVEL          245

14.4.3      MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE,  AT COUNTRY LEVEL      245

14.5         RELATED REPORTS         245

14.6         AUTHOR DETAILS           246

LIST OF TABLES

TABLE 1                MINING CONVEYOR SYSTEM MARKET DEFINITION, BY CONVEYOR TYPE           23

TABLE 2                MINING CONVEYOR SYSTEM MARKET DEFINITION, BY APPLICATION 23

TABLE 3                MINING CONVEYOR SYSTEM MARKET DEFINITION, BY SERVICE TYPE 24

TABLE 4                MINING CONVEYOR SYSTEM MARKET DEFINITION, BY DRIVE TYPE     24

TABLE 5                INCLUSIONS AND EXCLUSIONS 25

TABLE 6                USD EXCHANGE RATES, 2019–2024            26

TABLE 7                UPCOMING MINING PROJECTS, BY KEY COUNTRY            53

TABLE 8                OPEN-PIT MINES IN US 54

TABLE 9                FACTORS INFLUENCING INSTALLATION COST ON MINING CONVEYOR SYSTEMS            55

TABLE 10              KEY PLAYERS ADOPTING AUTOMATION IN MINING PROCESSES       56

TABLE 11              MARKET DYNAMICS: IMPACT ANALYSIS                 57

TABLE 12              ROLE OF PLAYERS IN ECOSYSTEM           59

TABLE 13              AVERAGE SELLING PRICE, BY CONVEYOR TYPE, 2022–2024 (USD)                62

TABLE 14              AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD)                63

TABLE 15              PATENTS GRANTED, 2024             65

TABLE 16              TOTAL US IMPORTS (2024) AND ADJUSTED RECIPROCAL TARIFFS   69

TABLE 17              KEY TARIFF RATES OF AFFECTED PRODUCT CATEGORIES     69

TABLE 18              CONVEYOR SYSTEM COMPONENTS: PRE- AND POST-TARIFF COST ANALYSIS   70

TABLE 19              FUNDING, BY USE CASE, 2022–2024           72

TABLE 20              IMPORT DATA FOR HS CODE 842820-COMPLIANT PRODUCTS, BY COUNTRY,  2020–2024 (USD MILLION)            74

TABLE 21              EXPORT DATA FOR HS CODE 842820-COMPLIANT PRODUCTS, BY COUNTRY,  2020–2024 (USD MILLION)            75

TABLE 22              REGULATIONS, BY KEY COUNTRY            76

TABLE 23              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  77

TABLE 24              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  78

TABLE 25              ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 78

TABLE 26              KEY CONFERENCES & EVENTS, 2025–2026                 79

TABLE 27              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY CONVEYOR TYPE (%)          80

TABLE 28              KEY BUYING CRITERIA, BY CONVEYOR TYPE                 82

TABLE 29              MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE,

2021–2024 (THOUSAND METERS)              84

TABLE 30              MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE,

2025–2032 (THOUSAND METERS)              85

TABLE 31              MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE,

2021–2024 (USD MILLION)            85

TABLE 32              MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE,

2025–2032 (USD MILLION)            85

TABLE 33              BELT: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024  (THOUSAND METERS)           86

TABLE 34              BELT: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (THOUSAND METERS)              86

TABLE 35              BELT: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            87

TABLE 36              BELT: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            87

TABLE 37              CABLE/STEEL CORD: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (THOUSAND METERS)              88

TABLE 38              CABLE/STEEL CORD: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (THOUSAND METERS)              88

TABLE 39              CABLE/STEEL CORD: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            89

TABLE 40              CABLE/STEEL CORD: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            89

TABLE 41              BUCKET AND SIDE WALL: MINING CONVEYOR SYSTEM MARKET, BY REGION,  2021–2024 (THOUSAND METERS)              90

TABLE 42              BUCKET AND SIDE WALL: MINING CONVEYOR SYSTEM MARKET, BY REGION,  2025–2032 (THOUSAND METERS)              90

TABLE 43              BUCKET AND SIDE WALL: MINING CONVEYOR SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)                 90

TABLE 44              BUCKET AND SIDE WALL: MINING CONVEYOR SYSTEM MARKET, BY REGION,  2025–2032 (USD MILLION)                 91

TABLE 45              OTHERS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (THOUSAND METERS)              91

TABLE 46              OTHERS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (THOUSAND METERS)              92

TABLE 47              OTHERS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            92

TABLE 48              OTHERS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            92

TABLE 49              MINING CONVEYOR SYSTEM MARKET, BY SERVICE TYPE,

2021–2024 (USD MILLION)            95

TABLE 50              MINING CONVEYOR SYSTEM MARKET, BY SERVICE TYPE,

2025–2032 (USD MILLION)            96

TABLE 51              IN-PIT CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            96

TABLE 52              IN-PIT CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            97

TABLE 53              IN-PLANT CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            99

TABLE 54              IN-PLANT CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            99

TABLE 55              OVERLAND CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,  2021–2024 (USD MILLION)                 100

TABLE 56              OVERLAND CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,  2025–2032 (USD MILLION)                 100

TABLE 57              PIPE CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            101

TABLE 58              PIPE CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            101

TABLE 59              STACKERS, RECLAIMERS, AND FEED CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION, 2021–2024 (USD MILLION)            102

TABLE 60              STACKERS, RECLAIMERS, AND FEED CONVEYORS: MINING CONVEYOR SYSTEM MARKET, BY REGION, 2025–2032 (USD MILLION)            103

TABLE 61              MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            105

TABLE 62              MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            105

TABLE 63              NUMBER OF OPEN-PIT MINES, BY REGION, 2024                 106

TABLE 64              OPEN-PIT MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            107

TABLE 65              OPEN-PIT MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            107

TABLE 66              NUMBER OF UNDERGROUND MINES, BY REGION, 2024     108

TABLE 67              UNDERGROUND MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 68              UNDERGROUND MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            108

TABLE 69              MINING CONVEYOR SYSTEM MARKET, BY DRIVE TYPE, 2021–2024 (USD MILLION) 111

TABLE 70              MINING CONVEYOR SYSTEM MARKET, BY DRIVE TYPE, 2025–2032 (USD MILLION) 112

TABLE 71              GEARED DRIVE: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            113

TABLE 72              GEARED DRIVE: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            113

TABLE 73              GEARLESS DRIVE: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (USD MILLION)            115

TABLE 74              GEARLESS DRIVE: MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (USD MILLION)            115

TABLE 75              MINING CONVEYOR SYSTEM MARKET, BY REGION,

2021–2024 (THOUSAND METERS)              118

TABLE 76              MINING CONVEYOR SYSTEM MARKET, BY REGION,

2025–2032 (THOUSAND METERS)              118

TABLE 77              MINING CONVEYOR SYSTEM MARKET, BY REGION, 2021–2024 (USD MILLION)          118

TABLE 78              MINING CONVEYOR SYSTEM MARKET, BY REGION, 2025–2032 (USD MILLION)          118

TABLE 79              ASIA OCEANIA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (THOUSAND METERS)              120

TABLE 80              ASIA OCEANIA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (THOUSAND METERS)              121

TABLE 81              ASIA OCEANIA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            121

TABLE 82              ASIA OCEANIA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            121

TABLE 83              CHINA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            124

TABLE 84              CHINA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            124

TABLE 85              INDIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            125

TABLE 86              INDIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            125

TABLE 87              AUSTRALIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            126

TABLE 88              AUSTRALIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            126

TABLE 89              SOUTHEAST ASIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            127

TABLE 90              SOUTHEAST ASIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)          127

TABLE 91              EUROPE: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (THOUSAND METERS)              129

TABLE 92              EUROPE: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (THOUSAND METERS)              130

TABLE 93              EUROPE: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            130

TABLE 94              EUROPE: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            131

TABLE 95              GERMANY: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)          135

TABLE 96              GERMANY: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            135

TABLE 97              FRANCE: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            136

TABLE 98              FRANCE: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            136

TABLE 99              UK: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            137

TABLE 100            UK: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            137

TABLE 101            SPAIN: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            138

TABLE 102            SPAIN: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            138

TABLE 103            ITALY: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            139

TABLE 104            ITALY: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            139

TABLE 105            RUSSIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            140

TABLE 106            RUSSIA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            140

TABLE 107            NORDIC COUNTRIES: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION, 2021–2024 (USD MILLION)                 141

TABLE 108            NORDIC COUNTRIES: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION, 2025–2032 (USD MILLION)                 141

TABLE 109            REST OF EUROPE: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            142

TABLE 110            REST OF EUROPE: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            142

TABLE 111            NORTH AMERICA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (THOUSAND METERS)              143

TABLE 112            NORTH AMERICA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (THOUSAND METERS)              144

TABLE 113            NORTH AMERICA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            144

TABLE 114            NORTH AMERICA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            144

TABLE 115            US: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            147

TABLE 116            US: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            147

TABLE 117          CANADA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            148

TABLE 118          CANADA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            148

TABLE 119            MEXICO: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            149

TABLE 120            MEXICO: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            149

TABLE 121            REST OF THE WORLD: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (THOUSAND METERS)              151

TABLE 122            REST OF THE WORLD: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (THOUSAND METERS)              151

TABLE 123            REST OF THE WORLD: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            151

TABLE 124            REST OF THE WORLD: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            151

TABLE 125            BRAZIL: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            154

TABLE 126            BRAZIL: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            155

TABLE 127            SOUTH AFRICA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            155

TABLE 128            SOUTH AFRICA: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            156

TABLE 129            CHILE: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            156

TABLE 130            CHILE: MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            157

TABLE 131            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025        159

TABLE 132            MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2024        161

TABLE 133            REGION FOOTPRINT     169

TABLE 134            CONVEYOR TYPE FOOTPRINT  169

TABLE 135            SERVICE TYPE FOOTPRINT         170

TABLE 136            APPLICATION FOOTPRINT         170

TABLE 137            DRIVE TYPE FOOTPRINT              171

TABLE 138            DETAILED LIST OF KEY STARTUPS/SMES                 173

TABLE 139            COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              173

TABLE 140            MINING CONVEYOR SYSTEM MARKET: DEALS, 2021–2025              174

TABLE 141            MINING CONVEYOR SYSTEM MARKET: EXPANSION, 2021–2025   175

TABLE 142            MINING CONVEYOR SYSTEM MARKET: OTHER DEVELOPMENTS, 2021–2025         177

TABLE 143            FLSMIDTH A/S: COMPANY OVERVIEW   178

TABLE 144            FLSMIDTH A/S: PRODUCTS/SOLUTIONS OFFERED             179

TABLE 145            FLSMIDTH A/S: DEALS  180

TABLE 146            FLSMIDTH A/S: EXPANSION        180

TABLE 147            CONTINENTAL AG: COMPANY OVERVIEW                 182

TABLE 148            CONTINENTAL AG: PRODUCTS/SOLUTIONS OFFERED             183

TABLE 149            CONTINENTAL AG: PRODUCT LAUNCHES/DEVELOPMENTS    184

TABLE 150            CONTINENTAL AG: DEALS          185

TABLE 151            CONTINENTAL AG: EXPANSION                185

TABLE 152            CONTINENTAL AG: OTHER DEVELOPMENTS                 186

TABLE 153            METSO: COMPANY OVERVIEW  188

TABLE 154            METSO: PRODUCTS/SOLUTIONS OFFERED                 189

TABLE 155            METSO: PRODUCT LAUNCHES/DEVELOPMENTS    191

TABLE 156            METSO: DEALS 191

TABLE 157            METSO: OTHER DEVELOPMENTS            192

TABLE 158            ABB: COMPANY OVERVIEW         193

TABLE 159            ABB: PRODUCTS/SOLUTIONS OFFERED                 194

TABLE 160            ABB: DEALS        195

TABLE 161            ABB: OTHER DEVELOPMENTS   196

TABLE 162            BEUMER GROUP: COMPANY OVERVIEW                 197

TABLE 163            BEUMER GROUP: PRODUCTS/SOLUTIONS OFFERED             198

TABLE 164            BEUMER GROUP: DEALS               198

TABLE 165            BEUMER GROUP: EXPANSION   199

TABLE 166            BEUMER GROUP: OTHER DEVELOPMENTS                 199

TABLE 167            NEPEAN: COMPANY OVERVIEW                201

TABLE 168            NEPEAN: PRODUCTS/SOLUTIONS OFFERED                 201

TABLE 169            NEPEAN: PRODUCT LAUNCHES/DEVELOPMENTS    202

TABLE 170            NEPEAN: OTHER DEVELOPMENTS          202

TABLE 171            SHANDONG MINING MACHINERY GROUP CO., LTD: COMPANY OVERVIEW        203

TABLE 172            SHANDONG MINING MACHINERY GROUP CO., LTD: PRODUCTS/

SOLUTIONS OFFERED   204

TABLE 173            HERRENKNECHT AG: COMPANY OVERVIEW                 205

TABLE 174            HERRENKNECHT AG: PRODUCTS/SOLUTIONS OFFERED             205

TABLE 175            FENNER DUNLOP AUSTRALIA PTY LTD.: COMPANY OVERVIEW   206

TABLE 176            FENNER DUNLOP AUSTRALIA PTY LTD.: PRODUCTS/SOLUTIONS OFFERED          206

TABLE 177            FENNER DUNLOP AUSTRALIA PTY LTD.: PRODUCT LAUNCHES/DEVELOPMENTS               207

TABLE 178            FENNER DUNLOP AUSTRALIA PTY LTD.: DEALS                 207

TABLE 179            FENNER DUNLOP AUSTRALIA PTY LTD.: EXPANSION        207

TABLE 180            FENNER DUNLOP AUSTRALIA PTY LTD.: OTHER DEVELOPMENTS              208

TABLE 181            TAKRAF GMBH: COMPANY OVERVIEW  209

TABLE 182            TAKRAF GMBH: PRODUCTS/SOLUTIONS OFFERED             209

TABLE 183            TAKRAF GMBH: DEALS 210

TABLE 184            TAKRAF GMBH: OTHER DEVELOPMENTS                 210

TABLE 185            WEST RIVER CONVEYORS: COMPANY OVERVIEW          211

TABLE 186            WEST RIVER CONVEYORS: PRODUCTS/SOLUTIONS OFFERED          211

TABLE 187            TERRA NOVA TECHNOLOGIES, INC.: COMPANY OVERVIEW          212

TABLE 188            TERRA NOVA TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS OFFERED          212

TABLE 189            TERRA NOVA TECHNOLOGIES, INC.: DEALS                 213

TABLE 190            TERRA NOVA TECHNOLOGIES, INC.: OTHER DEVELOPMENTS              213

TABLE 191            SEMPERIT AG HOLDING: COMPANY OVERVIEW                 214

TABLE 192            SEMPERIT AG HOLDING: PRODUCTS/SOLUTIONS OFFERED          215

TABLE 193            SEMPERIT AG HOLDING: EXPANSION    216

TABLE 194            BANDO CHEMICAL INDUSTRIES, LTD.: COMPANY OVERVIEW   217

TABLE 195            BANDO CHEMICAL INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS OFFERED          218

TABLE 196            FEECO INTERNATIONAL, INC.: COMPANY OVERVIEW          220

TABLE 197            FEECO INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS OFFERED          220

TABLE 198            SKE INDUSTRIES: COMPANY OVERVIEW                 222

TABLE 199            SKE INDUSTRIES: PRODUCTS/SOLUTIONS OFFERED             222

TABLE 200            DURA CONVEYOR BELTING PVT. LTD.: COMPANY OVERVIEW   224

TABLE 201            SANWEI HOLDING GROUP CO., LTD: COMPANY OVERVIEW          225

TABLE 202            MILETECH CONVEYOR BELT: COMPANY OVERVIEW          226

TABLE 203            HEBEI JOYROLL CONVEYOR MACHINERY CO., LTD.: COMPANY OVERVIEW       227

TABLE 204            SHANDONG LAND BRIDGE RUBBER CO., LTD.: COMPANY OVERVIEW   228

TABLE 205            THEJO AUSTRALIA: COMPANY OVERVIEW                 229

TABLE 206            DMC CONVEYOR SERVICES: COMPANY OVERVIEW          230

TABLE 207            QUARRY MINING LLC: COMPANY OVERVIEW                 231

TABLE 208            BTL EPC LTD.: COMPANY OVERVIEW    232

TABLE 209            ALLOR MANUFACTURING/PLESH INDUSTRIES: COMPANY OVERVIEW   233

TABLE 210            NEXTORE: COMPANY OVERVIEW             234

TABLE 211            CONVEYOR MANUFACTURERS AUSTRALIA: COMPANY OVERVIEW   235

LIST OF FIGURES

FIGURE 1              RESEARCH DESIGN         28

FIGURE 2              RESEARCH DESIGN MODEL         29

FIGURE 3              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           34

FIGURE 4              MINING CONVEYOR SYSTEM MARKET: BOTTOM-UP APPROACH              35

FIGURE 5              MINING CONVEYOR SYSTEM MARKET: TOP-DOWN APPROACH          36

FIGURE 6              MINING CONVEYOR SYSTEM MARKET ESTIMATION NOTES      36

FIGURE 7              DATA TRIANGULATION METHODOLOGY                 37

FIGURE 8              MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS

AND OPPORTUNITIES   38

FIGURE 9              FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES    39

FIGURE 10            MINING CONVEYOR SYSTEM MARKET OVERVIEW          43

FIGURE 11            ASIA OCEANIA TO DOMINATE MARKET DURING FORECAST PERIOD       44

FIGURE 12            BELT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         44

FIGURE 13            OPEN-PIT MINING SEGMENT TO REGISTER HIGHER CAGR THAN UNDERGROUND MINING SEGMENT DURING FORECAST PERIOD       45

FIGURE 14            INCREASING DEMAND FOR MINERALS AND MATERIALS TO DRIVE MARKET                 46

FIGURE 15            ASIA OCEANIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025 47

FIGURE 16            BELT SEGMENT TO LEAD MARKET FROM 2025 TO 2032                 47

FIGURE 17            IN-PLANT CONVEYORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    48

FIGURE 18            GEARED DRIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    48

FIGURE 19            OPEN-PIT MINING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       49

FIGURE 20           MINING CONVEYOR SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         51

FIGURE 21            GLOBAL DEMAND FOR MINERALS IN NET ZERO SCENARIOS, 2023–2040    52

FIGURE 22            ADVANTAGES OF GREEN CONVEYOR SYSTEMS                 56

FIGURE 23            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   58

FIGURE 24            ECOSYSTEM ANALYSIS  59

FIGURE 25            SUPPLY CHAIN ANALYSIS             61

FIGURE 26            AVERAGE SELLING PRICE, BY CONVEYOR TYPE, 2022–2024 (USD)                62

FIGURE 27            AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD)                63

FIGURE 28            PATENT ANALYSIS, 2014–2024     64

FIGURE 29            INVESTMENT & FUNDING SCENARIO, 2022–2024                 71

FIGURE 30            IMPORT DATA FOR HS CODE 842820-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            75

FIGURE 31            EXPORT DATA FOR HS CODE 842820-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            76

FIGURE 32            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY CONVEYOR TYPE 80

FIGURE 33            KEY BUYING CRITERIA, BY CONVEYOR TYPE                 81

FIGURE 34            MINING CONVEYOR SYSTEM MARKET, BY CONVEYOR TYPE,

2025 VS. 2032 (USD MILLION)      84

FIGURE 35            MINING CONVEYOR SYSTEM MARKET, BY SERVICE TYPE,

2025 VS. 2032 (USD MILLION)      95

FIGURE 36            MINING CONVEYOR SYSTEM MARKET, BY APPLICATION,

2025 VS. 2032 (USD MILLION)    105

FIGURE 37            MINING CONVEYOR SYSTEM MARKET, BY DRIVE TYPE,

2025 VS. 2032 (USD MILLION)      111

FIGURE 38            COMPONENTS OF GEARED DRIVE CONVEYOR SYSTEM                112

FIGURE 39            COMPONENTS OF GEARLESS DRIVE CONVEYOR SYSTEM                114

FIGURE 40            MINING CONVEYOR SYSTEM MARKET, BY REGION, 2025 VS. 2032  (USD MILLION)                 117

FIGURE 41            ASIA OCEANIA: MINING CONVEYOR SYSTEM MARKET SNAPSHOT       120

FIGURE 42            ASIA OCEANIA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      122

FIGURE 43            ASIA OCEANIA: GDP PER CAPITA, BY COUNTRY, 2024–2026              123

FIGURE 44            ASIA OCEANIA: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                123

FIGURE 45            ASIA OCEANIA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024  123

FIGURE 46            EUROPE: MINING CONVEYOR SYSTEM MARKET SNAPSHOT          129

FIGURE 47            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      132

FIGURE 48            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        133

FIGURE 49            EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY,

2024–2026              133

FIGURE 50            EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024  134

FIGURE 51            NORTH AMERICA: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025 VS. 2032 (USD MILLION)      143

FIGURE 52            NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026                145

FIGURE 53            NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026      146

FIGURE 54            NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                146

FIGURE 55            NORTH AMERICA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024         146

FIGURE 56            REST OF THE WORLD: MINING CONVEYOR SYSTEM MARKET, BY COUNTRY,

2025 VS. 2032 (USD MILLION)      150

FIGURE 57            REST OF THE WORLD: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026  152

FIGURE 58            REST OF THE WORLD: GDP PER CAPITA, BY COUNTRY, 2024–2026      153

FIGURE 59            REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                153

FIGURE 60            REST OF THE WORLD: MANUFACTURING INDUSTRY’S CONTRIBUTION

TO GDP, 2024     153

FIGURE 61            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        161

FIGURE 62            REVENUE ANALYSIS OF FIVE TOP-LISTED PLAYERS, 2020−2024 (USD BILLION)       163

FIGURE 63            COMPANY VALUATION, 2025 (USD BILLION)                 163

FIGURE 64            FINANCIAL METRICS, 2025            164

FIGURE 65            BRAND/PRODUCT COMPARISON             165

FIGURE 66            MINING CONVEYOR SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  167

FIGURE 67            COMPANY FOOTPRINT 168

FIGURE 68            MINING CONVEYOR SYSTEM MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 172

FIGURE 69            FLSMIDTH A/S: COMPANY SNAPSHOT   179

FIGURE 70            CONTINENTAL AG: COMPANY SNAPSHOT                 182

FIGURE 71            METSO: COMPANY SNAPSHOT  189

FIGURE 72            ABB: COMPANY SNAPSHOT        194

FIGURE 73            BEUMER GROUP: COMPANY SNAPSHOT                 197

FIGURE 74            SHANDONG MINING MACHINERY GROUP CO., LTD: COMPANY SNAPSHOT        204

FIGURE 75            SEMPERIT AG HOLDING: COMPANY SNAPSHOT                 215

FIGURE 76            BANDO CHEMICAL INDUSTRIES, LTD.: COMPANY SNAPSHOT   218