logo

Conveyor Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Conveyor Monitoring Systems Market is Segmented by Type (Hardware, Software), Type of Monitoring (Conveyor Belt Monitoring, Conveyor Motor Monitoring), End-user Industry (Automotive, Consumer Goods Packaging, Mining), and Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Material Handling Research Conveyor Monitoring Industry

Conveyor Monitoring Market Size

Conveyor Monitoring Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Conveyor Monitoring Market Companies

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Conveyor Monitoring Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Conveyor Monitoring Market Analysis

The conveyor monitoring market was valued at USD 206.77 million in 2020 and expected to reach USD 264.67 million by 2026 and grow at a CAGR of 4.2% over the forecast period (2021-2026). The rising focus of companies towards the reduction of revenue loss owing to faults in conveyor systems coupled with the growing awareness of predictive maintenance tools and techniques. In addition to this, the conveyor monitoring system also helps in eliminating wastage, cut maintenance costs and increase the credibility of the customers.

  • According to World Multidisciplinary Earth Sciences Symposium, the financial losses that American underground hard coal mines incur due to downtime caused by belt failures are estimated at USD 240 000, i.e. approx. USD 1 000 per minute, as mean repair time was 4 hours. Losses of this scale, which occurred due to emergency downtimes in the period of increased coal demand, were the reason behind developing a machine vision system which monitors splice and belt condition and which prevents failure.
  • The demand for conveyor monitoring market is quickening owing to the improved awareness for machine condition monitoring and the requirement of mitigating damages occurring due to human error during industrial processes. Furthermore, increased recognition for predictive maintenance techniques and tools, eliminate wastages fuelling the growth of the market has augmented the market.
  • Companies in the conveyor monitoring market such as Vayeron and Sandpit are focusing to improve safety needs by incorporating advanced technology such as automation and monitoring technology. This is expected to revolutionize the demand for an advanced conveyor with increased safety in the next few years. Thus offering a significant boost to the conveyor monitoring market in the coming few years.

Conveyor Monitoring Market Trends

This section covers the major market trends shaping the Conveyor Monitoring Market according to our research experts:

Conveyor Belt Monitoring To Hold Major Share

  • When a conveyor system goes down, it adds to the cost in terms of both time and money. For example, when a large open-pit mine plans to replace a drive train component on a conveyor, it can result in an as long as eight-hour outage and USD 2.5 million in lost production. Often, the impact of such disruptions does not stop at just production delays but instead has a far-reaching ripple effect.
  • Conveyor belts often suffer from faults such a longitudinal crack, damages to belt edges, belt wear and tear, and belt overlapping on pulleys. This hampers the productivity of the production units, in order to avoid a large number of industry players are adopting a conveyor monitoring system.
  • US Mine Safety and Health Administration (MSHA) has investigated multiple coal mine fires and determined the possible causes of fires in coal mines. The report includes 62 coal fires caused by conveyor belts, which accounted for around 20% in total of the coal fires reported to the MSHA by US coal mine operators. The major ignition source is frictional heat which can then be divided into friction at the driver unit, friction along the belt (attributed to friction between the rubber belt, wooden posts, coal dust, and spillage) and friction between the idler bearings and the races or the belt or support structure. This has increased the focus on the monitoring of conveyor belts.
Conveyor Monitoring Market Trends

Asia-Pacific To Witness Major Growth

  • Among grographic region segment, the market in APAC is expected to grow at the highest rate from 2020 to 2025. The growth of the market in this region is mainly attributed to the technological innovation and the increasing adoption of the automation technologies in various end-user industries. Rapid rate of urbanization, complementing technological advancements, favorable government policies, and healthy FDI inflows in the region are among few of the other critical factors driving the conveyor monitoring demand in the region.
  • The APAC region is witnessing a wave in the deployment of conveyor monitoring solutions to help improve operational effeciency. China and Australia, being the top mining countries in the region, have been adopting real-time conveyor monitoring systems to improve the operational efficiency and production in the country.
  • Moreover, Australia is likely to hold a high potential for the market growth owing to the presence of the vast reserves of oil and minerals. These have also helped in the establishment of a robust mining sector in the country. Additionally, favorable government policies, coupled with the adoption of the latest technologies in condition monitoring, is expected to augment the market growth in the country over the forecast period. The growing demand for predictive maintenance techniques and tools, along with the rising availability of remote conveyor monitoring and fault diagnosis systems, has resulted in fierce competition among manufacturers.
  • Major Australian market players such as Fenner Dunlop and Beltscan offer a broad range of products in the market for conveyor monitoring. With Australia being one of the forerunner in the mining industry, the region holds the largest market share of the conveyor monitoring market.
Conveyor Monitoring Market Growth

Conveyor Monitoring Industry Overview

The conveyor monitoring market is highly competitive owing to the presence of various prominent players supplying their product in domestic as well as in the international markets. The market appears to be moderately fragmented with the major players adopting strategies like product innovation and mergers and acquisitions.

May 2019 - 4B Components opened their new state of the art elevator bucket injection molding facility in Morton Illinois. The new facility enables a more efficient manufacturing process, increased capacity and improved responsiveness to the demands of the agricultural and industrial markets. The new injection molding plant is located in a 45,000 square feet facility that can produce 5,000 buckets per day. The production facility is located on the same site as the sales, technical, and engineering departments, allowing this new facility to better meet the demands of their customers.

Conveyor Monitoring Market Leaders

  1. ContiTech AG

  2. Emerson Electric Co

  3. Honeywell International Inc.

  4. Fenner Dunlop Inc.

  5. Yellow Technical Services (Pty) Ltd.

*Disclaimer: Major Players sorted in no particular order

ContiTech AG, Emerson Electric Co, Honeywell International Inc., Fenner Dunlop Inc., Yellow Technical Services (Pty) Ltd.
Need More Details on Market Players and Competitors?
Download PDF

Conveyor Monitoring Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Adoption of Predictive Maintenance Tools and Techniques

    3. 4.3 Market Restraints

      1. 4.3.1 Limited In-House Skillset to Manage Monitoring Solutions and Analyze Data

      2. 4.3.2 High Costs of Installation and Maintenance

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Hardware

      2. 5.1.2 Software

    2. 5.2 By Type of Monitoring

      1. 5.2.1 Conveyor Belt Monitoring

      2. 5.2.2 Conveyor Motor Monitoring

    3. 5.3 By End-user Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Consumer Goods Packaging

      3. 5.3.3 Mining

      4. 5.3.4 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 UK

        3. 5.4.2.3 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Mexico

        2. 5.4.4.2 Brazil

        3. 5.4.4.3 Argentina

        4. 5.4.4.4 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Egypt

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Fenner Dunlop Inc.

      2. 6.1.2 Emerson Electric Co

      3. 6.1.3 Beltscan Systems Pty Ltd.

      4. 6.1.4 ContiTech AG

      5. 6.1.5 PHOENIX CBS GmbH

      6. 6.1.6 CBG Conveyor Belt Gateway

      7. 6.1.7 4B Braime Group

      8. 6.1.8 Yellow Technical Services (Pty) Ltd.

      9. 6.1.9 Honeywell International Inc.

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Conveyor Monitoring Industry Segmentation

Conveyor monitoring is considered as the process of determining the condition of the conveyor systems such as the belt and the motor while it is in operation. It assists in detecting any potential failure propability in advance, thereby supporting to cut the cost of maintenance, help reduce downtime of conveyors, and increase and maintain the efficienct running of conveyors and production in the industry.

By Type
Hardware
Software
By Type of Monitoring
Conveyor Belt Monitoring
Conveyor Motor Monitoring
By End-user Industry
Automotive
Consumer Goods Packaging
Mining
Other End-user Industries
Geography
North America
US
Canada
Europe
Germany
UK
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
South America
Mexico
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Egypt
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Conveyor Monitoring Market Research FAQs

The Conveyor Monitoring Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)

ContiTech AG, Emerson Electric Co, Honeywell International Inc., Fenner Dunlop Inc. and Yellow Technical Services (Pty) Ltd. are the major companies operating in the Conveyor Monitoring Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Conveyor Monitoring Market.

The report covers the Conveyor Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Conveyor Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Conveyor Monitoring Industry Report

Statistics for the 2024 Conveyor Monitoring market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Conveyor Monitoring analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Conveyor Monitoring Market Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Conveyor Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)