Recent Developments in the Global Conveyor System Market

The global conveyor system market is anticipated to grow at a CAGR of 5.3% during the forecast period (2025-2035). The global market is driven by the increasing demand for handling larger volumes of goods across various industries, such as, mining, manufacturing, food & beverage, and more. An increasingly highly competitive environment across all industries is additionally propelling the market growth.

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The major companies serving the global ship repair and maintenance services market include Daifuku Co., Ltd. (Japan), Continental AG (Germany), Siemens AG (Germany), and Fives Group (France), among others. The market players are focusing on capitalizing on growth by adopting strategies such as collaboration, partnerships, and market expansion, significantly bolstering the market growth during the forecast period.   

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• In December 2024, Motion acquired western Pennsylvania Conveyor Company International Conveyor and Rubber. The transaction closed by the end of the year, subject to customary closing conditions. Additional terms were not disclosed.
• In November 2024, Hapman launched a new conveyor at Pack Expo 2024. The conveyor will fill a gap in the market for material handling operations in the packaging and processing sectors and offer enhanced performance and versatility.
• In November 2024, AdaptTech Manufacturing Solutions Ltd., launched KGF-P 2040.02 curved belt conveyor. It offers a much higher usable width, a greater load capacity and a faster conveying speed in comparison to the previous version, the KGF-P 2040.
• In October 2024, Atlas Energy Solutions Inc., commissioned Dune Express. It is a 42-mile long, fully electric conveyor system, expected to transform proppant logistics in the Permian Basin. The system is on-time and on-budget with the commercial transportation of proppant into the Delaware Basin.
• In September 2024, Mpac Group plc, acquired Boston Conveyor & Automation, Inc. (BCA). Mpac will continue to support BCA’s strategic growth plans providing access to the Group’s resources, global sales and service network.
• In March 2024, Marubeni, acquired all shares of Alternative Belting Enterprises Ltd. and Alternative Belting (Van Island) Enterprises Ltd. Thus, Marubeni expands in the Canadian conveyor belt distribution and maintenance services sector.
• In January 2024, Martin Engineering launched tracking technology for a global marketplace with its Martin® Tracker™ HD (heavy-duty) belt conveyor alignment system. It features widely available plate steel and affordable, across six continents.
• In November 2023, Continental acquired Vertech AB. The acquisition enables Continental’s group to offer a fully comprehensive product, service and solution package. The Vertech site in Kiruna will be Continental’s northernmost location.
• In March 2023, Habasit launched the HabasitLINK M2483 Sphere Top 1” plastic modular belt, for the Courier Express and Parcel (CEP) market. It allows facilities to move goods across conveyor belts in all directions, in a controlled manner, including differently to a belt’s conveying path.
• In November 2022, Syntron Material Handling, LLC, acquired Conveyors Plus Ltd. The company’s patented Sure Align Tracker™ belt alignment system is designed for demanding applications in material handling sectors.
• In August 2022, Raytec Ltd. launched the WARRIOR Conveyor. It is designed for conveyor applications that require high-performance, reliable, White-Light illumination. The product is additionally available in emergency versions which provide backup illumination in case of a loss of power – achieving up to 3 hours of emergency lighting at 25% power.
• In July 2022, Continental acquired  NorrVulk AB. The acquisition enables the company to sell conveyor belt systems and related services and strengthens its business with industrial customers.

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