The global conveyor system market is expected to grow to around $9.98 billion (USD) by 2025, at a growth rate just north of 4%.
— Zion Market Research
According to a report the global conveyor system market was valued at an estimated $7.45 billion (USD) in 2018 and is expected to grow to around $9.98 billion (USD) by 2025, at a growth rate just north of 4%.
Source: Data by Zion Market Research; Illustration by Vulcan Metal Stamping, Vulcan Inc.
This growth will be due to high demand across many different industries from Airports and Shipping facilities to the Mining fields. With the need to cut down on material handling cost and the need to get from one place to another quickly, Overland Mine conveyors will be one of the biggest players in this anticipated growth.
These conveyors can quickly move bulk materials from the mine itself to the mining facility swiftly, safely, and efficiently by going over terrain that may not be suitable for roads. Due to these conveyors allowing materials to move from the mine to the facility taking the path of least resistance, a significant amount of time is reduced during the production process. Saving these mining companies time and money by reducing transportation costs and errors.
The United States alone is expected to be a significant player in this growth with mining facilities from the East Coast to the West Coast as mining efforts continue to track toward 2008 numbers.
This is where we come in, as a full-service Stamping facility. Vulcan Metal Stampings, located in south Alabama, is manufacturing conveyor parts for some of the biggest names in the belt conveyor mining industry. As we expand our catalog and work toward expanding our reach, in this growing industry by committing ourselves to exceptional customer service and outstanding craftsmanship, we would love to bring your company along for the ride!
(Original article by GLOBE NEWSWIRE, and research by Zion Market Research)