The mining conveyor system market is estimated to be USD 351.7 million in 2025 and is projected to reach USD 359.4 million by 2032, at a CAGR of 0.3% from 2025 to 2032. The market is experiencing growth driven by technological advancements and rising mineral demand. Innovations such as automation, remote monitoring, and energy-efficient components are enhancing system performance, reducing operational costs, and improving safety. Simultaneously, the global push for clean energy, electric vehicles, and infrastructure development is increasing the demand for critical minerals like lithium, copper, and rare earth elements. These trends are prompting mining companies to expand operations and invest in modern, high-capacity conveyor systems that can handle bulk materials more efficiently and sustainably.
Additionally, as the mining industry increasingly adopts automation and digital monitoring, gearless systems offer better integration with advanced control systems, further boosting their adoption and market growth. Companies such as ABB (Switzerland), TAKRAF GmbH (Germany), Innomotics (Germany), and Siemens (Germany) provide gearless conveyor systems for mining operations. In March 2024, TAKRAF GmbH and ABB extended their strategic partnership to continue deploying Gearless Conveyor Drive (GCD) technology in TAKRAF's bulk material handling solutions, aiming to enhance sustainability and resource efficiency.
Their high load capacity, energy efficiency, and adaptability to challenging terrains make them a preferred choice for transporting ore, coal, and other minerals from remote extraction sites to processing facilities, contributing to their growing adoption in the global mining sector. For instance, in March 2025, Rio Tinto (UK) announced a USD 1.8 billion investment to extend its Brockman mine in Western Australia's Pilbara region. The project includes the construction of a new primary crusher and an overland conveyor system, with the first ore anticipated in 2027. Such development will drive the market growth during the forecast period.
The nation's significant investments in infrastructure and the expansion of mining capacities, particularly in coal and rare-earth minerals, have further propelled the demand for efficient material handling solutions. Chinese mining companies such as China Shenhua Energy Co., Ltd., China National Coal Group Corp., and Yanzhou Coal Mining Company Limited are investing heavily in advanced conveyor systems that can handle complex underground environments. Stricter environmental regulations and the push for automation are further driving the adoption of conveyor technologies in mining across China.
The study includes an in-depth competitive analysis of these key players in the mining conveyor system market, with their company profiles, recent developments, and key market strategies.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions & services, key strategies, contracts, partnerships, agreements, new product & service launches, mergers & acquisitions, and recent developments associated with the mining conveyor system market. This report also covers the competitive analysis of upcoming startups in the mining conveyor system market ecosystem.
Gearless drive to register higher CAGR than geared drive conveyor systems during forecast period
By drive type, the gearless drive segment is expected to register a higher CAGR than the geared drive segment during the forecast period due to its advantages in energy efficiency, reduced maintenance needs, and improved reliability in harsh mining environments. Unlike traditional geared systems, gearless drives eliminate mechanical components such as gearboxes, leading to fewer breakdowns and lower operational costs. Their ability to handle high torque and power makes them ideal for long-distance and heavy-duty conveying applications commonly found in mining operations.Additionally, as the mining industry increasingly adopts automation and digital monitoring, gearless systems offer better integration with advanced control systems, further boosting their adoption and market growth. Companies such as ABB (Switzerland), TAKRAF GmbH (Germany), Innomotics (Germany), and Siemens (Germany) provide gearless conveyor systems for mining operations. In March 2024, TAKRAF GmbH and ABB extended their strategic partnership to continue deploying Gearless Conveyor Drive (GCD) technology in TAKRAF's bulk material handling solutions, aiming to enhance sustainability and resource efficiency.
Overland conveyors to hold significant market share during forecast period
Overland conveyors hold a significant market share in the mining conveyor system market due to their ability to efficiently transport bulk materials over long distances with minimal environmental impact and lower operational costs compared to truck haulage. These systems are especially advantageous in large-scale mining operations, where they reduce fuel consumption, emissions, and maintenance needs while ensuring continuous material flow.Their high load capacity, energy efficiency, and adaptability to challenging terrains make them a preferred choice for transporting ore, coal, and other minerals from remote extraction sites to processing facilities, contributing to their growing adoption in the global mining sector. For instance, in March 2025, Rio Tinto (UK) announced a USD 1.8 billion investment to extend its Brockman mine in Western Australia's Pilbara region. The project includes the construction of a new primary crusher and an overland conveyor system, with the first ore anticipated in 2027. Such development will drive the market growth during the forecast period.
China to hold largest market share in Asia Oceania during forecast period
China is estimated to be the largest market for mining conveyor systems in the Asia Oceania region, driven by the country's extensive mining activities and strategic industrial initiatives. China's Made in China 2025 plan emphasizes automation and modernization in manufacturing, leading to increased adoption of advanced conveyor technologies in the mining sector.The nation's significant investments in infrastructure and the expansion of mining capacities, particularly in coal and rare-earth minerals, have further propelled the demand for efficient material handling solutions. Chinese mining companies such as China Shenhua Energy Co., Ltd., China National Coal Group Corp., and Yanzhou Coal Mining Company Limited are investing heavily in advanced conveyor systems that can handle complex underground environments. Stricter environmental regulations and the push for automation are further driving the adoption of conveyor technologies in mining across China.
Breakup of Primaries:
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.- By Company Type: Tier I - 35%, Tier II - 30%, and OEMs - 35%
- By Designation: C Level Executives - 45%, Directors - 35%, and Others - 20%
- By Region: Asia Oceania - 32%, Europe - 36%, North America - 24%, Rest of the World - 8%
The study includes an in-depth competitive analysis of these key players in the mining conveyor system market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
This research report categorizes the mining conveyor system market by conveyor type (belt, cable/steel cord, bucket & side wall, others), service type (in-pit, in-plant, overland, pipe, stackers, reclaimers, & feed conveyors), application (open-pit, underground), drive type (geared, gearless), and region (Asia Oceania, Europe, North America, and Rest of the World).The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions & services, key strategies, contracts, partnerships, agreements, new product & service launches, mergers & acquisitions, and recent developments associated with the mining conveyor system market. This report also covers the competitive analysis of upcoming startups in the mining conveyor system market ecosystem.
Reasons to Buy this Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall mining conveyor system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.The report provides insights on the following pointers:
- Analysis of key drivers (rising demand for minerals and metals, expansion of mining activities, growth in open-pit mining), restraints (high installation costs), opportunities (rising demand for automation, development of green conveyor systems), and challenges (maintenance and downtime risks) influencing the growth of the mining conveyor system market.
- Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the mining conveyor system market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the mining conveyor system market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the mining conveyor system market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like FLSmidth A/S (Denmark), Continental AG (Germany), Metso (Finland), ABB (Switzerland), and BEUMER Group (Germany), among others, in the mining conveyor system market.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Mining Conveyor System Market, by Conveyor Type
7 Mining Conveyor System Market, by Service Type
8 Mining Conveyor System Market, by Application
9 Mining Conveyor System Market, by Drive Type
10 Mining Conveyor System Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Recommendations by Marketsandmarkets
14 Appendix
List of Tables
List of Figures
Companies Mentioned
- PARKER HANNIFIN CORPORATION
- RTX
- EATON CORPORATION
- SAFRAN
- WOODWARD
- TRIUMPH GROUP
- HONEYWELL INTERNATIONAL INC.
- CRANE COMPANY
- SECONDO MONA S.P.A
- PORVAIR FILTRATION GROUP
- AMETEK INC.
- CURRAWONG ENGINEERING
- ALLEN AIRCRAFT PRODUCTS, INC.
- CIES INC.
- HEICO CORPORATION
- FLIGHT WORKS INC.
- ANDAIR LTD
- JIHOSTROJ A.S.
- BEYOND AERO
- AVSTAR FUEL SYSTEMS, INC.
- CEF INDUSTRIES, LLC.
- AERO ACCESSORIES, LLC.
- MAROTTA CONTROLS, INC.
- CJ AVIATION, INC.
- AEROCONTROLEX
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 247 |
| Published | May 2025 |
| Forecast Period | 2025 - 2032 |
| Estimated Market Value ( USD | $ 351.7 Million |
| Forecasted Market Value ( USD | $ 359.4 Million |
| Compound Annual Growth Rate | 0.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
