In order to avoid adverse effects on critical operations due to conveyor downtime, proper maintenance and functioning of conveyor components is necessary in key industries
Conveyor systems are one of the most crucial parts used in mining, industrial and power industries, which also account for significant contribution to Australia’s economy. With critical operations affected by conveyor downtime, proper maintenance and functioning of conveyor components is pivotal to end-user industries such as mining, industrial & automotive, pharmaceutical, food processing, and others (power, fertiliser, transport and logistics).
The Australia conveyor maintenance market was valued at US$ 542.6 Mn in 2015. The Australia conveyor maintenance market is estimated to be valued at US$ 558.7 Mn by 2016 and is estimated to touch a market valuation in excess of US$ 700 Mn by end of 2026 registering a CAGR of 3.1% over the forecast period (2016 – 2026). The market is projected to represent incremental opportunity of nearly US$ 200 Mn between 2016 and 2026.
Increase in mineral commodity production and new mining establishments to drive the Australia conveyor maintenance market revenue growth
Conveyor Maintenance Market: Mining End-User Industry Segment Estimated to Hold Maximum Revenue Share by 2026 End: Australia Industry Analysis and Opportunity Assessment, 2016-2026Buy Now
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