Over the course of the forecast period, rising mineral product production is anticipated to fuel market expansion in Australia for conveyor maintenance. Due to high operational costs that have a negative impact on the profitability of the Australian mining industry, the prices of mineral items have recently dropped dramatically. On the other hand, the capacity of iron mines has increased as a result of the rising production of mineral commodities from new mines. In 2015, Western Australia produced 741 million tonnes of iron, according to the Government of Queensland, while the overall amount of coal produced rose by 4.9% to 319.3 million tonnes. Additionally, Coherent Market Insights' data indicates that between 2016 and 2022, the iron ore production is anticipated to grow at a 3.8% CAGR.
Australia Conveyor Maintenance Service Market was valued at US$ 658.73 Mn in 2021 and is expected to reach US$ 1,001.53 Mn by 2030, growing at a CAGR of 4.9% between 2022 and 2030.
Leading Companies in the Australia Conveyor Maintenance Service Industry:
1. Endless Belt Service Pty Ltd.
Endless Belt was founded in 1982 with the understanding that quarrying, mining, building material production and general manufacturing. It has headquarters situated in Kingswood, Sydney.
2. Forbo Siegling PTY. Ltd.
Since 1919, Forbo Siegling PTY. Ltd. leader in supplying high-quality conveyor belts and processing belts as well as plastic modular belts, power transmission belts, and timing and flat belts made of synthetic materials. It has headquarters situated in AU-Wetherill Park, NSW and is operational in more than 32 countries.
3. Rema Tip Top Australia
Since 1923 the STAHLGRUBER group has been delivering top quality for satisfied customers. Today subsidiaries and agents represent the brand REMA TIP TOP in over 170 countries around the globe. It has headquarters situated in Beresfield, NSW.
4. Reliable Conveyor Belt Pty. Ltd.
Reliable Conveyor Belt Pty. Ltd., is a leading conveyor belt service provider and was founded in 1973. It has headquarters situated in Beresfield NSW. Reliable has been awarded a new contract until October 2022 to continue to provide maintenance services and components to Glencores Bulga Coal Operation in NSW, Australia.
5. Nepean Engineering & Innovation Pty Ltd.
Founded in 1974, Nepean Engineering & Innovation Pty Ltd provides engineering and fabrication services. The Company offers design and special purpose machines, fabrication, machining and toolroom, sheet metal and laser cutting, and surface treatment services. It has headquarters situated in Narellan NSW, Australia.
6. Minprovise Pty Ltd.
MINPROVISE was established in 2004 with a core business of reducing the risk associated with operating and maintenance crushing equipment. It has headquarters situated in Welshpool W.A
7. Mato GmbH & Co. KG.
Founded in 1906 by Curt Matthaei in Frankfurt as a wire hook production company. The company has headquarters situated in Mühlheim am Main, Germany.
8. Kinder Australia Pty Ltd.
Kinder Australia is a privately owned Australian company that is highly respected by its customers and business partners. The company was founded in 1985 by Neil and Christine Kinder. It has headquarters situated in Braeside, Australia. In November, 2022 company Introduced ZS 80 KST Emergency Pull Wire Switch, latest addition to Kinder’s Safety & Electrical Conveyor Technology range.
9. Flexible Steel Lacing Company (Flexco)
Founded in 1907, Flexco has focused on just one thing, maximising belt conveyor productivity. It has headquarters situated in Downers Grove, Illinois USA and is operational in more than 150 countries. In January, 2021 Flexco and MLT Minet Lacing Technology announced that they have signed an agreement in which Flexco will be the exclusive source for MLT products in the U.S., Canada, and Mexico.
10. Fenner Dunlop Australia Pty Ltd
Founded in 1890, Fenner Conveyors is a wholly-owned subsidiary of Michelin. It has headquarters situated in Victoria, Australia.
*Definition- A typical mechanical handling tool that transports items or things from one place is a conveyor system.
