Market Share of Conveyor Monitoring Industry
The conveyor monitoring market is highly competitive owing to the presence of various prominent players supplying their product in domestic as well as in the international markets. The market appears to be moderately fragmented with the major players adopting strategies like product innovation and mergers and acquisitions.
May 2019 - 4B Components opened their new state of the art elevator bucket injection molding facility in Morton Illinois. The new facility enables a more efficient manufacturing process, increased capacity and improved responsiveness to the demands of the agricultural and industrial markets. The new injection molding plant is located in a 45,000 square feet facility that can produce 5,000 buckets per day. The production facility is located on the same site as the sales, technical, and engineering departments, allowing this new facility to better meet the demands of their customers.
Conveyor Monitoring Market Leaders
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ContiTech AG
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Emerson Electric Co
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Honeywell International Inc.
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Fenner Dunlop Inc.
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Yellow Technical Services (Pty) Ltd.
*Disclaimer: Major Players sorted in no particular order
