Conveyor Belt Market In Mining Industry Market Share

Market Share of Conveyor Belt Industry In Mining Industry

The mining conveyor belt market is highly fragmented due to the presence of small and medium-sized enterprises and global players. Some of the major players in the market are Sanwei Holding Group Co. Ltd, Fenner Dunlop Australia Pty Ltd (Michelin Group), Bando Chemical Industries Ltd, Contitech Deutschland GMBH (continental AG), and Tenova SPA (Techint Group). Players in the market are adopting strategies such as acquisitions and partnerships to enhance their product offerings and gain sustainable competitive advantage.

• January 2024 - Fenner Dunlop BV and Fenner Dunlop Americas announced they would merge under the Fenner Dunlop Conveyor Belting brand starting January 1, 2024. The move aims to unify the brand across regions and divisions for a more robust global presence. Both divisions will trade under the Fenner Dunlop Conveyor Belting name, aligning their strategies for consistent branding. This change underscores the Fenner Group's commitment to enhanced coordination and market impact.
• November 2023 - Gebr. Kufferath AG announced the successful certification from IATF 16949 for the Dürensite. The certification confirms GKD's commitment to the highest quality standards in various industries.

Mining Conveyor Belt Market Leaders

1. Sanwei Holding Group Co. Ltd

2. Fenner Dunlop Australia Pty Ltd (Michelin Group)

3. Bando Chemical Industries Ltd

4. ContiTech Deutschland GmbH (Continental AG)

5. Tenova SpA (Techint Group)

*Disclaimer: Major Players sorted in no particular order