Conveyor Belt Market In Mining Industry Market Share

Market Share of Conveyor Belt Industry In Mining Industry

The Conveyor Belt Market in Mining Industry is highly competitive with high barriers to exit of a firm from the industry. Some of the major players in the market are Zhejiang Sanwei Rubber Item Co. Ltd, Fenner Dunlop Australia Pty Ltd (Michelin Group), Bando Chemical Industries Ltd, ContiTech AG, and Tenova SpA. To retain their market position, the organizations keep innovating and entering into strategic partnerships.

• November 2023 - Netherlands-based Dunlop Conveyor Belting and Fenner Dunlop Americas announced re-branding and strategic inter-company unification.
• July 2022 - Wuxi Boton Belt Co, Ltd, based in China, announced the launch of the world's first carbon-neutral conveyor belts for delivery to BHP's Spence copper mine in Chile as a part of an exclusive project.
• April 2022 - BEUMER Group announced the launch of its hybrid conveyor technology under its U-Shape conveyor family for ports. The new technology leveraged its existing expertise in the pipe and troughed belt conveying technology.

Mining Conveyor Belt Market Leaders

1. Zhejiang Sanwei Rubber Item Co. Ltd

2. Fenner Dunlop Australia Pty Ltd (Michelin Group)

3. Bando Chemical Industries Ltd

4. ContiTech AG (Continental Corporation)

5. Tenova SpA

*Disclaimer: Major Players sorted in no particular order