The “Australia Conveyor Maintenance Market, by Service Type (Component Replacement [Conveyor Belt, Roller and Idler, Cleaner and Others] and Maintenance Services), by Conveyor Type (Rubber, Metal and Others) and by End- User Industry (Mining, Industrial and Auto, Pharmaceutical, Food Processing and Other), Forecast to 2027”, is expected to be valued at US$ 782.73 million by 2027, witnessing a CAGR of 3.1% during the forecast period (2019-2027), as highlighted in a report published by . Market Definition Conveyor belts are extensively used in numerous industries including manufacturing, automotive, consumer goods, food & beverage, mining, etc. Since it is considered as the heart of any production plant, it requires timely maintenance from trained professionals. A conveyor system may undergo number of mechanical failures such as insufficient traction between belt and drive causing belt slippage, seized or misaligned idler and roller, belt splice failure and fastener misalignment, and conveyor belt drive breakdown of failure. Such breakdowns are mended with routine maintenance, specialized solutions, and component replacement. Various types of maintenance operations are performed including condition monitoring, inspection, and scheduling, pulley lagging, and head and tail drive maintenance. The Australia Conveyor Maintenance Market accounted for US$ 593.0 Mn in terms of value in the year 2018 and is expected to grow at a CAGR of 3.1% during the forecasted period (2019-2027). Market Driver Increasing demand for processed food across the country is expected to drive the Australia conveyor maintenance market growth during the forecast period Growing consumption of processed food has increased the demand for food & beverage conveyor systems in the recent past. According to British Medical Journal, in 2011-12, ultra-processed foods accounted for 42% of consumption share, followed by 35% minimally processed food, and 15.8% processed food. This, in turn, is expected to boost the demand for processed food and thereby drive the demand for conveyor maintenance across the country. Market Opportunities Growing digitalization in material handling industry is expected to offer lucrative growth opportunities for market players Various industries are inclined towards digitalization where they are incorporating different equipment within conveyor systems. For instance, metal detectors, conveyor weighing scales, automatic packaging system are some of those novel devices that are incorporated with conveyor belts. These systems offer convenience, accuracy, and save time as well as labor cost. Thus, integration of digital equipment and system are expected to pose conducive business opportunities for market players over the forecast period. Market Restraints Growing concerns regarding environmental impact of mining activities are expected to restrain the Australia conveyor maintenance market over the forecast period Mining activities have significant impact on the surrounding environment. Equipment used for mining are directly responsible for greenhouse gas emission. Stringent regulatory policies and environmental concerns are expected to limit the mining activities in the near future. This, in turn, is expected hinder the adoption of conveyor systems and thereby restrain the market growth over the forecast period. Key Takeaways: Service Type segment The component replacement sub-segment dominated the market in Service type segment in 2018 with 76.7% of the share followed by maintenance services. The roller and idler component replacement service has the highest market share with 40% in component replacement sub-segment followed by conveyor belt, cleaner and others, respectively. Conveyor Type segment The rubber conveyor belts dominated the conveyor type segment with 95% of market share followed by others and metal conveyor belts, respectively. The rubber conveyor belts has higher market share owing to its resistive properties to the operating environment. End-User Industry Segment In the end-user segment, mining industry sub-segment dominated the market with a market share of 73% followed by food processing industry and others respectively. The market share of food processing industry will increase at a rapid pace with CAGR of 2% owing to the growing consumption of processed food. Market Trends
Key companies in the market are focused in research and development activities, in order to develop innovative products for the industry. For instance, in 2015, Flexco, a New South Wales-based manufacturer, launched FGP Food grade primary cleaner for the food processing industry. Moreover, in 2015, OreFlow Australia Pty Ltd., a Western Australia-based supplier and provider of services and components, introduced a new range of belt tracking systems that are aimed at addressing the problem of belt misalignment.
Key companies in the market are focused on mergers and acquisitions, in order to cater increasing demand for conveyor components in the industry. These acquisitions expected to enhance their product portfolio and market presence. For instance, in April 2016, Ammeraal Beltech, a provider of conveyor belts, acquired Rydell Beltech Pty Ltd, a Victoria-based supplier of belting products. Regulations AS 1755 is the Australian standard for conveyor safety. This Standard was introduced by the Joint Standards Australia/Standards New Zealand Committee SF-041. It covers the general safety requirements for large and small conveyors and conveyor systems. The standard has been revised to address the difficulty for one standard to effectively cover different types of conveyors. 4 new standards have replaced AS 1755:
Competitive Section Key players operating in the Australia conveyor maintenance market are Rema Tip Top Australia, Flexible Steel Lacing Company (Flexco), Habasit Australia Pty ltd, Fenner Dunlop Australia Pty Ltd, Forbo Siegling PTY. Ltd., ContiTech Australia Pty. Ltd., Reliable Conveyor Belt Pty. Limited, Kinder Australia Pty Ltd., Nepean Engineering & Innovation Pty Ltd., Minprovise Pty Ltd, Endless Belt Service Pty Ltd., and Mato GmbH & Co. KG. Key Developments