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Mining Conveyor System Market - Global Forecast to 2032: Top Firms like ABB and TAKRAF Propel Gearless Conveyor Deployment through Strategic Partnerships
Mining Conveyor System Market - Global Forecast to 2032: Top Firms like ABB and TAKRAF Propel Gearless Conveyor Deployment through Strategic Partnerships

Yahoo

time26-05-2025

  • Business
  • Yahoo

Mining Conveyor System Market - Global Forecast to 2032: Top Firms like ABB and TAKRAF Propel Gearless Conveyor Deployment through Strategic Partnerships

The mining conveyor system market is set to expand from USD 351.7 million in 2025 to USD 359.4 million by 2032, with a CAGR of 0.3%. Growth is driven by technological advancements like automation and energy-efficient components, alongside rising mineral demand. Gearless drives are poised to lead with higher CAGR due to efficiency and low maintenance. Overland conveyors will hold substantial market share, boosting sustainability and reducing costs in mining operations. Key players include FLSmidth, Continental AG, Metso, ABB, and BEUMER Group. With China's prominence in the Asia Oceania market, the industry's focus is on automation and modernization. Mining Conveyor System Market Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "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" has been added to offering. The mining conveyor system market is anticipated to increase from USD 351.7 million in 2025 to USD 359.4 million by 2032, with a CAGR of 0.3%. This growth is driven by technological innovations and an escalating demand for minerals. Advancements in automation, remote monitoring, and energy-efficient components are enhancing efficiency and safety while reducing costs. The push for clean energy, electric vehicles, and infrastructure growth is further accelerating the demand for vital minerals like lithium, copper, and rare earth Drive Systems to Outpace Geared DrivesGearless drive conveyor systems are expected to register a higher CAGR compared to geared systems during the forecast period. They offer significant advantages in energy efficiency, reduced maintenance, and reliability in harsh environments. By eliminating mechanical components such as gearboxes, gearless drives reduce the risk of breakdowns and operational costs. Leading companies such as ABB (Switzerland), TAKRAF GmbH (Germany), Innomotics (Germany), and Siemens (Germany) are key providers of these systems. A notable development in March 2024 saw TAKRAF GmbH and ABB enhance their partnership to broaden the use of Gearless Conveyor Drive (GCD) technology in TAKRAF's handling Role of Overland ConveyorsOverland conveyors maintain a substantial market share due to their ability to transport bulk materials over extensive distances efficiently. They offer lower operational costs and environmental impact than traditional truck haulage, making them suitable for large mining operations. These systems are crucial for transporting materials from remote sites to processing facilities while minimizing fuel use and emissions. In March 2025, Rio Tinto (UK) announced a USD 1.8 billion investment for the Brockman mine extension, including a new overland conveyor system, slated for completion in Leads the Market in Asia OceaniaChina is projected to be the largest market in Asia Oceania due to vast mining activities and industrial initiatives like the Made in China 2025 plan, fostering increased adoption of conveyor technologies. The expansion of mining capacities for coal and rare-earth minerals boosts the demand for efficient systems. Leading Chinese companies, including China Shenhua Energy Co., Ltd. and Yanzhou Coal Mining Company Limited, are heavily investing in advanced conveyor technologies, driven by stringent environmental regulations and automation Market AnalysisThis research categorizes the mining conveyor system market by conveyor type, service type, application, drive type, and region. It provides insights into major factors driving and restraining market growth, offering a competitive analysis of key industry players. The report also highlights product innovation, market development, and diversification in the mining conveyor system to Buy the ReportThis report offers essential insights for market leaders and new entrants, providing close approximations of revenue data for the mining conveyor system market and its segments. Stakeholders can leverage this information to understand the competitive landscape and devise effective strategies. The report covers key market drivers, restraints, opportunities, and challenges. Analysis of market drivers (increased mineral demand, mining activity expansion) and restraints (high installation costs). Insights on product development and emerging technologies in the conveyor system market. Information on market diversification and lucrative regions for mining conveyor systems. Competitive assessments of major players like FLSmidth A/S (Denmark), Continental AG (Germany), and ABB (Switzerland). Key Attributes: Report Attribute Details No. of Pages 247 Forecast Period 2025 - 2032 Estimated Market Value (USD) in 2025 $351.7 Million Forecasted Market Value (USD) by 2032 $359.4 Million Compound Annual Growth Rate 0.3% Regions Covered Global Market Dynamics Drivers Rising Demand For Minerals and Metals Expansion of Mining Activities Growth in Open-Pit Mining Restraints High Installation Cost Opportunities Rising Demand For Automation Development of Green Conveyor Systems Challenges Maintenance and Downtime Risks Trends and Disruptions Impacting Customer Business Ecosystem Analysis Supply Chain Analysis Pricing Analysis Average Selling Price, by Conveyor Type Average Selling Price Trend, by Region Patent Analysis Impact of Generative AI Case Study Analysis Siemens Implemented Advanced Gearless Conveyor Drive System To Improve Reliability and Uptime Flsmidth Developed Pipe Conveyor System To Achieve Sustainable and Efficient Ore Transport Process Thyssenkrupp Installed Overland Conveyor System To Ensure Efficient, Long-Distance Coal Transportation US 2025 Tariff Analysis Introduction Key Tariff Rates Conveyor System Components: Pre- and Post-Tariff Cost Analysis Impact on Country/Region US Europe Asia Pacific (India and Southeast Asia) Impact on Mining Industry Investment & Funding Scenario Technology Analysis Key Technologies Radiofrequency Identification Proximity Sensors Complementary Technologies Artificial Intelligence (AI) and Machine Learning (ML) Augmented Reality (AR) Adjacent Technologies Internet of Things (IoT) HS Codes Import Scenario Export Scenario Regulatory Landscape Regulations, by Country Regulatory Bodies, Government Agencies, and Other Organizations Key Conferences & Events, 2025-2026 Key Stakeholders and Buying Criteria Key Stakeholders in Buying Process Buying Criteria Company Profiles Flsmidth a/S Continental Ag Metso Abb Beumer Group Nepean Shandong Mining Machinery Group Co., Ltd Herrenknecht Ag Fenner Dunlop Australia Pty Ltd. Takraf Gmbh West River Conveyors Terra Nova Technologies, Inc. Semperit Ag Holding Bando Chemical Industries, Ltd. Feeco International, Inc. Ske Industries Dura Conveyor Belting Pvt. Ltd. Sanwei Holding Group Co., Ltd Miletech Conveyor Belt Hebei Joyroll Conveyor Machinery Co., Ltd. Shandong Land Bridge Rubber Co., Ltd. Thejo Australia Dmc Conveyor Services Quarry Mining Llc Btl Epc Ltd. Allor Manufacturing/Plesh Industries Nextore Conveyor Manufacturers Australia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Mining Conveyor System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

No conflict with pickleball, says tennis chief
No conflict with pickleball, says tennis chief

Borneo Post

time29-04-2025

  • Sport
  • Borneo Post

No conflict with pickleball, says tennis chief

Dato Patrick Liew KUCHING (April 29): Sarawak Lawn Tennis Association (SLTA) president Dato Patrick Liew believes tennis will continue to grow despite the increasing popularity of pickleball. He does not see any conflict between the two racket sports. 'I don't think it's anything conflict with tennis. It's two different games. One (tennis) is professional and long-term development. One (pickleball) is a community and social game. 'So I think it should go hand in hand. So those who can continue to perform well in tennis, why not? If those who are unable to perform, like older people or (affected by) injury, they take up pickleball, I think it's okay. At least they exercise. Not hard for them,' he said. Liew made these remarks after the prize presentation for 42nd Premier Sarawak (l) ITF World Junior Tour J300 Kuching at SLTA Centre on Sunday. The 42nd Premier Sarawak tournament was the fifth organised by SLTA within a space of two months. The earlier tournaments were Asia Oceania Pre-Qualifying for the Billie Jean King Cup Juniors, Asia Oceania Pre-Qualifying for the Billie Jean King Cup Juniors for Davis Cup Juniors, Asia-Oceania Final Qualifying ITF World Junior Tennis U14 Girls and Asia-Oceania Final Qualifying ITF World Junior Tennis U14 Boys. Liew revealed that the International Tennis Federation (ITF) had allocated around USD100,000 to help with running the tournaments while Sarawak government through Youth, Sports and Entrepreneur Development Ministry allocated RM80,000. He noted that ITF senior manager Catherine Michie has indicated that SLTA is capable of hosting bigger tournaments. 'The most important thing here is our community commitment, support from media and so on. And we definitely continue to promote tennis,' he added. conflict Patrick Liew pickleball tennis

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