by
Conveyor belts are integral part of material handling systems used across diverse industries including food processing, mining, airport baggage handling, and parcel sorting. Middle East conveyor belts are used for continuous transport of materials over short or long distances both horizontally and inclined. They offer advantages of high efficiency, reliability, and reduced labor costs. Key end-use industries in the region adopting conveyor belts include food & beverages, automotive, electronics, construction, and airports. Growing infrastructure development projects are fueling demand for conveyor systems in the construction industry.
The global Middle East conveyor belts market is estimated to be valued at US$ 214680.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Constant advancements in conveyor belt design by manufacturers are fueling the Middle East conveyor belts market growth. One such driver is development of lightweight and corrosion-resistant conveyor belts made using high-strength synthetic fabrics that improve efficiency. These newer belts reduce maintenance and replacement costs. Moreover, integration of conveyor systems with advanced automation technologies like IoT and robotics is enhancing productivity for end-use industries. Adoption of Industry 4.0 standards promotes collection of real-time operational data from conveyors to enable predictive maintenance and reduce downtime. This fuels demand for smart conveyor belts in the region. However, high initial investment requirement for establishing conveyor systems acts as a challenge for market players.
Segment Analysis
The Middle East conveyor belts market is segmented into general processing, bulk handling, food and tobacco, minerals and mining, others. The bulk handling segment currently dominates the market and is expected to continue its dominance over the forecast period. This is attributed to the increasing use of conveyor belts in handling bulk materials like cement, coal, ores etc in various industries like mining, power generation, ports etc in the Middle East region.
PEST Analysis
Political: The market is positively influenced by supportive government policies and regulations promoting industrialization and infrastructure development in countries like Saudi Arabia, UAE etc.
Economic: Strong economic growth, growing industrialization and infrastructure development are fueling demand. Countries are diversifying economies away from oil.
Social: Growing population and urbanization are increasing demand for food, construction materials which is driving the mining, manufacturing sectors utilizing conveyor belts.
Technological: Emphasis on automation and use of advanced materials is prompting innovations. IoT integration is enabling remote monitoring of conveyor belt operations.
Key Takeaways
The Global Middle East Conveyor Belts Market Growth is estimated to be valued at US$ 214680.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030.
The global Middle East conveyor belts market is expected to witness high growth over the forecast period owing to rapid industrialization and infrastructure development initiatives in the region.
Regional analysis: The GCC region, led by Saudi Arabia and UAE, is the fastest growing regional market attributed to large scale projects like NEOM city and expanding manufacturing sector. The countries are emerging as logistics and transport hubs which is propelling the growth of bulk material handling industries utilizing extensive conveyor belt networks.
Key players:
Key players operating in the Middle East conveyor belts market are Al Kuwaiti Industrial Solutions, Ziligen A.S., Arabian Universal, Semperit AG Holding, Bridgestone Corporation, Schieffer Magam Industries Ltd., ContiTech AG (Continental AG), Phoenix Conveyor Belt Systems Gmbh, Derby Conveyor Belt Industry and Trade Inc., Kale Conveyor, FaBa Commercial Services, and Fenner Dunlop Conveyor Belting. Regional players catering to domestic/ niche demands are expanding through collaborations with global technology providers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
