Conveyor Maintenance Market
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PUBLISHED: 2022 ID: SMRC21667
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Conveyor Maintenance Market Forecasts to 2028 - Global Analysis By Component Type (Cleaner, Conveyor Belt), Conveyor Type (Metal, Rubber), Service Type, End User, and By Geography

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4.7 (31 reviews)
Published: 2022 ID: SMRC21667

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Conveyor Maintenance Market is accounted for $187.26 million in 2022 and is expected to reach $248.10 million by 2028 growing at a CAGR of 4.8% during the forecast period. A conveyor system is a mechanical material handling equipment that transports things from one point to the next. For productive working and great output, the conveyor needs proper maintenance and servicing from time to time, hence the conveyor maintenance market deals with the maintenance of the conveyor.

The majority of the retailers are planning to automate their warehouse establishments, rather than expanding, in such high-priced a rental environment. According to the Robo Business Warehouse Automation Report, almost around 80% of warehouses are still manually operated with no supporting automation. Mechanized warehouses account for 15% of total warehouses, while only 5% of total current warehouses are automated. This provides ample opportunities for the conveyor market to grow consistently.

Market Dynamics:

Driver:

Increasing demand for e-commerce

The rising prevalence of online shopping is the key factor supporting the development of the e-commerce industry. E-commerce companies need to stock large volumes of products in their warehouses. E-commerce companies also need to offer order accuracy, same-day same-hour delivery, and free returns to compete. Therefore, e-commerce companies are continually looking for economical ways to reduce their delivery times. Digitization in material handling equipment has emerged as a comprehensive solution. It has acquired popularity among e-commerce companies, helping them handle order fulfillment processes efficiently. As demand for online purchasing continues to increase, the demand for conveyor systems in the e-commerce industry is likely to grow.

Restraint:

Lack of skilled workforce for repair and maintenance of sales

Conveyor systems are a culmination of different technologies assembled to make logistical operations smooth and efficient. It needs systemic maintenance regularly by the experts. Many organizations have production operations at different locations, and the availability of service or repair facilities is comparatively lesser, which projects it as a restraint for the conveyor system market across different regions of the world. Limited funds, lack of information, and training costs needed to train workers may restrain the market growth.

Opportunity:

Increasing trend of green conveying

Green conveyors include lower energy utilization, limiting the amount of material utilized in conveyors, and expanding the positive human impact of these systems, such as lower noise and increased safety for workers. Green conveyors assist manufacturers to save money and addressing the pressing issue of climate change by lowering carbon emissions. The utilization of conveyor controls such as the sleep mode, where the motors turn off to save energy when the belt is not in use, or variable speed controls can essentially assist in changing existing conveyor systems into greener versions.

Threat:

Safety and reducing accidents

The rising demand for improved efficiency and material handling capacities increases the safety concerns as heavy loads are involved. Conveyor systems can cause injuries if not handled with caution and care. Workers who use or experience conveyor systems should be properly trained to ensure their safety and security. Conveyor systems have complex components and are prone to a few minor issues that could enhance into major issues leading to complete halting of work.

The conveyor belt segment is expected to be the largest during the forecast period

The conveyor belt segment is estimated to have a lucrative growth due to the increased demand encouraging mining equipment companies to offer technologically advanced equipment that helps in performing better mining operations. As conveyor belts are constantly used, increasing the production of cars is likely to drive the conveyor maintenance market growth.

The rubber segment is expected to have the highest CAGR during the forecast period

The rubber segment is anticipated to witness the fastest CAGR growth during the forecast period as rubber conveyors are capable of transmitting shock and vibration, resulting in lesser transmission noise. Moreover, the rubber conveyor belts do not need to be lubricated.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period due to the increasing adoption of automation and the presence of many foods processing plants in Germany, France, and the UK. The growth in warehouse automation adoption rates, such as conveyors in this region, is primarily fueled by the rapid increase in e-commerce and retail investments.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the country's global leadership in mining and an estimated increase in production and distribution capabilities during the forecast period. The initiatives & investments associated with increasing manufacturing in the region are likely to drive the growth of the conveyor maintenance market in the region.

Key players in the market

Some of the key players profiled in the Conveyor Maintenance Market include Flexco, Habasit, Rema Tip Top, Fenner Dunlop, Nepean, Minprovise, Kinder, Forbo Siegling, Endless Belt Service, Continental AG, Reliable, and Fives Group.

Key Developments:

In Feb 2022, Continental AG launched ContiLoad Sense. The system scans the material and conveyor belt from various angles to determine the position of the load and the belt utilizing 2D radar and ultrasonic technologies. This calculates the volume of goods transported precisely.

In Nov 2021, Fives Group introduced Hold Baggage Screening (HBS) system. The handling solution includes a conveying system equipped with a baggage carousel for makeup and integrating 2 latest generations of tomographic scanners to process 800 baggages per hour.

Component Types Covered:
• Cleaner
• Roller and Idler
• Conveyor Belt

Conveyor Types Covered:
• Metal
• Plastic
• Rubber

Service Types Covered:
• Maintenance Service
• Component Fixing

End Users Covered:
• Pharmaceutical
• Industrial Heating Equipment
• Mining
• Food Processing
• Industrial and Automotive

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Conveyor Maintenance Market, By Component Type
5.1 Introduction
5.2 Cleaner
5.3 Roller and Idler
5.4 Conveyor Belt

6 Global Conveyor Maintenance Market, By Conveyor Type
6.1 Introduction
6.2 Metal
6.3 Plastic
6.4 Rubber

7 Global Conveyor Maintenance Market, By Service Type
7.1 Introduction
7.2 Maintenance Service
7.3 Component Fixing

8 Global Conveyor Maintenance Market, By End User
8.1 Introduction
8.2 Pharmaceutical
8.3 Industrial Heating Equipment
8.4 Mining
8.5 Food Processing
8.6 Industrial and Automotive

9 Global Conveyor Maintenance Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Flexco
11.2 Habasit
11.3 Rema Tip Top
11.4 Fenner Dunlop
11.5 Nepean
11.6 Minprovise
11.7 Kinder
11.8 Forbo Siegling
11.9 Endless Belt Service
11.10 Continental AG
11.11 Reliable
11.12 Fives Group

List of Tables
1 Global Conveyor Maintenance Market Outlook, By Region (2020-2028) ($MN)
2 Global Conveyor Maintenance Market Outlook, By Component Type (2020-2028) ($MN)
3 Global Conveyor Maintenance Market Outlook, By Cleaner (2020-2028) ($MN)
4 Global Conveyor Maintenance Market Outlook, By Roller and Idler (2020-2028) ($MN)
5 Global Conveyor Maintenance Market Outlook, By Conveyor Belt (2020-2028) ($MN)
6 Global Conveyor Maintenance Market Outlook, By Conveyor Type (2020-2028) ($MN)
7 Global Conveyor Maintenance Market Outlook, By Metal (2020-2028) ($MN)
8 Global Conveyor Maintenance Market Outlook, By Plastic (2020-2028) ($MN)
9 Global Conveyor Maintenance Market Outlook, By Rubber (2020-2028) ($MN)
10 Global Conveyor Maintenance Market Outlook, By Service Type (2020-2028) ($MN)
11 Global Conveyor Maintenance Market Outlook, By Maintenance Service (2020-2028) ($MN)
12 Global Conveyor Maintenance Market Outlook, By Component Fixing (2020-2028) ($MN)
13 Global Conveyor Maintenance Market Outlook, By End User (2020-2028) ($MN)
14 Global Conveyor Maintenance Market Outlook, By Pharmaceutical (2020-2028) ($MN)
15 Global Conveyor Maintenance Market Outlook, By Industrial Heating Equipment (2020-2028) ($MN)
16 Global Conveyor Maintenance Market Outlook, By Mining (2020-2028) ($MN)
17 Global Conveyor Maintenance Market Outlook, By Food Processing (2020-2028) ($MN)
18 Global Conveyor Maintenance Market Outlook, By Industrial and Automotive (2020-2028) ($MN)
19 North America Conveyor Maintenance Market Outlook, By Country (2020-2028) ($MN)
20 North America Conveyor Maintenance Market Outlook, By Component Type (2020-2028) ($MN)
21 North America Conveyor Maintenance Market Outlook, By Cleaner (2020-2028) ($MN)
22 North America Conveyor Maintenance Market Outlook, By Roller and Idler (2020-2028) ($MN)
23 North America Conveyor Maintenance Market Outlook, By Conveyor Belt (2020-2028) ($MN)
24 North America Conveyor Maintenance Market Outlook, By Conveyor Type (2020-2028) ($MN)
25 North America Conveyor Maintenance Market Outlook, By Metal (2020-2028) ($MN)
26 North America Conveyor Maintenance Market Outlook, By Plastic (2020-2028) ($MN)
27 North America Conveyor Maintenance Market Outlook, By Rubber (2020-2028) ($MN)
28 North America Conveyor Maintenance Market Outlook, By Service Type (2020-2028) ($MN)
29 North America Conveyor Maintenance Market Outlook, By Maintenance Service (2020-2028) ($MN)
30 North America Conveyor Maintenance Market Outlook, By Component Fixing (2020-2028) ($MN)
31 North America Conveyor Maintenance Market Outlook, By End User (2020-2028) ($MN)
32 North America Conveyor Maintenance Market Outlook, By Pharmaceutical (2020-2028) ($MN)
33 North America Conveyor Maintenance Market Outlook, By Industrial Heating Equipment (2020-2028) ($MN)
34 North America Conveyor Maintenance Market Outlook, By Mining (2020-2028) ($MN)
35 North America Conveyor Maintenance Market Outlook, By Food Processing (2020-2028) ($MN)
36 North America Conveyor Maintenance Market Outlook, By Industrial and Automotive (2020-2028) ($MN)
37 Europe Conveyor Maintenance Market Outlook, By Country (2020-2028) ($MN)
38 Europe Conveyor Maintenance Market Outlook, By Component Type (2020-2028) ($MN)
39 Europe Conveyor Maintenance Market Outlook, By Cleaner (2020-2028) ($MN)
40 Europe Conveyor Maintenance Market Outlook, By Roller and Idler (2020-2028) ($MN)
41 Europe Conveyor Maintenance Market Outlook, By Conveyor Belt (2020-2028) ($MN)
42 Europe Conveyor Maintenance Market Outlook, By Conveyor Type (2020-2028) ($MN)
43 Europe Conveyor Maintenance Market Outlook, By Metal (2020-2028) ($MN)
44 Europe Conveyor Maintenance Market Outlook, By Plastic (2020-2028) ($MN)
45 Europe Conveyor Maintenance Market Outlook, By Rubber (2020-2028) ($MN)
46 Europe Conveyor Maintenance Market Outlook, By Service Type (2020-2028) ($MN)
47 Europe Conveyor Maintenance Market Outlook, By Maintenance Service (2020-2028) ($MN)
48 Europe Conveyor Maintenance Market Outlook, By Component Fixing (2020-2028) ($MN)
49 Europe Conveyor Maintenance Market Outlook, By End User (2020-2028) ($MN)
50 Europe Conveyor Maintenance Market Outlook, By Pharmaceutical (2020-2028) ($MN)
51 Europe Conveyor Maintenance Market Outlook, By Industrial Heating Equipment (2020-2028) ($MN)
52 Europe Conveyor Maintenance Market Outlook, By Mining (2020-2028) ($MN)
53 Europe Conveyor Maintenance Market Outlook, By Food Processing (2020-2028) ($MN)
54 Europe Conveyor Maintenance Market Outlook, By Industrial and Automotive (2020-2028) ($MN)
55 Asia Pacific Conveyor Maintenance Market Outlook, By Country (2020-2028) ($MN)
56 Asia Pacific Conveyor Maintenance Market Outlook, By Component Type (2020-2028) ($MN)
57 Asia Pacific Conveyor Maintenance Market Outlook, By Cleaner (2020-2028) ($MN)
58 Asia Pacific Conveyor Maintenance Market Outlook, By Roller and Idler (2020-2028) ($MN)
59 Asia Pacific Conveyor Maintenance Market Outlook, By Conveyor Belt (2020-2028) ($MN)
60 Asia Pacific Conveyor Maintenance Market Outlook, By Conveyor Type (2020-2028) ($MN)
61 Asia Pacific Conveyor Maintenance Market Outlook, By Metal (2020-2028) ($MN)
62 Asia Pacific Conveyor Maintenance Market Outlook, By Plastic (2020-2028) ($MN)
63 Asia Pacific Conveyor Maintenance Market Outlook, By Rubber (2020-2028) ($MN)
64 Asia Pacific Conveyor Maintenance Market Outlook, By Service Type (2020-2028) ($MN)
65 Asia Pacific Conveyor Maintenance Market Outlook, By Maintenance Service (2020-2028) ($MN)
66 Asia Pacific Conveyor Maintenance Market Outlook, By Component Fixing (2020-2028) ($MN)
67 Asia Pacific Conveyor Maintenance Market Outlook, By End User (2020-2028) ($MN)
68 Asia Pacific Conveyor Maintenance Market Outlook, By Pharmaceutical (2020-2028) ($MN)
69 Asia Pacific Conveyor Maintenance Market Outlook, By Industrial Heating Equipment (2020-2028) ($MN)
70 Asia Pacific Conveyor Maintenance Market Outlook, By Mining (2020-2028) ($MN)
71 Asia Pacific Conveyor Maintenance Market Outlook, By Food Processing (2020-2028) ($MN)
72 Asia Pacific Conveyor Maintenance Market Outlook, By Industrial and Automotive (2020-2028) ($MN)
73 South America Conveyor Maintenance Market Outlook, By Country (2020-2028) ($MN)
74 South America Conveyor Maintenance Market Outlook, By Component Type (2020-2028) ($MN)
75 South America Conveyor Maintenance Market Outlook, By Cleaner (2020-2028) ($MN)
76 South America Conveyor Maintenance Market Outlook, By Roller and Idler (2020-2028) ($MN)
77 South America Conveyor Maintenance Market Outlook, By Conveyor Belt (2020-2028) ($MN)
78 South America Conveyor Maintenance Market Outlook, By Conveyor Type (2020-2028) ($MN)
79 South America Conveyor Maintenance Market Outlook, By Metal (2020-2028) ($MN)
80 South America Conveyor Maintenance Market Outlook, By Plastic (2020-2028) ($MN)
81 South America Conveyor Maintenance Market Outlook, By Rubber (2020-2028) ($MN)
82 South America Conveyor Maintenance Market Outlook, By Service Type (2020-2028) ($MN)
83 South America Conveyor Maintenance Market Outlook, By Maintenance Service (2020-2028) ($MN)
84 South America Conveyor Maintenance Market Outlook, By Component Fixing (2020-2028) ($MN)
85 South America Conveyor Maintenance Market Outlook, By End User (2020-2028) ($MN)
86 South America Conveyor Maintenance Market Outlook, By Pharmaceutical (2020-2028) ($MN)
87 South America Conveyor Maintenance Market Outlook, By Industrial Heating Equipment (2020-2028) ($MN)
88 South America Conveyor Maintenance Market Outlook, By Mining (2020-2028) ($MN)
89 South America Conveyor Maintenance Market Outlook, By Food Processing (2020-2028) ($MN)
90 South America Conveyor Maintenance Market Outlook, By Industrial and Automotive (2020-2028) ($MN)
91 Middle East & Africa Conveyor Maintenance Market Outlook, By Country (2020-2028) ($MN)
92 Middle East & Africa Conveyor Maintenance Market Outlook, By Component Type (2020-2028) ($MN)
93 Middle East & Africa Conveyor Maintenance Market Outlook, By Cleaner (2020-2028) ($MN)
94 Middle East & Africa Conveyor Maintenance Market Outlook, By Roller and Idler (2020-2028) ($MN)
95 Middle East & Africa Conveyor Maintenance Market Outlook, By Conveyor Belt (2020-2028) ($MN)
96 Middle East & Africa Conveyor Maintenance Market Outlook, By Conveyor Type (2020-2028) ($MN)
97 Middle East & Africa Conveyor Maintenance Market Outlook, By Metal (2020-2028) ($MN)
98 Middle East & Africa Conveyor Maintenance Market Outlook, By Plastic (2020-2028) ($MN)
99 Middle East & Africa Conveyor Maintenance Market Outlook, By Rubber (2020-2028) ($MN)
100 Middle East & Africa Conveyor Maintenance Market Outlook, By Service Type (2020-2028) ($MN)
101 Middle East & Africa Conveyor Maintenance Market Outlook, By Maintenance Service (2020-2028) ($MN)
102 Middle East & Africa Conveyor Maintenance Market Outlook, By Component Fixing (2020-2028) ($MN)
103 Middle East & Africa Conveyor Maintenance Market Outlook, By End User (2020-2028) ($MN)
104 Middle East & Africa Conveyor Maintenance Market Outlook, By Pharmaceutical (2020-2028) ($MN)
105 Middle East & Africa Conveyor Maintenance Market Outlook, By Industrial Heating Equipment (2020-2028) ($MN)
106 Middle East & Africa Conveyor Maintenance Market Outlook, By Mining (2020-2028) ($MN)
107 Middle East & Africa Conveyor Maintenance Market Outlook, By Food Processing (2020-2028) ($MN)
108 Middle East & Africa Conveyor Maintenance Market Outlook, By Industrial and Automotive (2020-2028) ($MN)

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