Conveyor belts are integral components used in various industrial and logistic operations for transportation of materials over short or long distances. They find widespread applications in industries such as food & beverages, mining, airport baggage handling, and distribution centers owing to their advantages such as flexibility of design, continuous movement, low maintenance, and efficient handling of varied loads. The growing industrial and infrastructure development activities in the Middle East are driving the demand for conveyor belts in the region.
Market key trends:
The rapid pace of industrialization and urbanization in the Middle East countries such as Saudi Arabia, UAE, and Qatar has augmented the growth of the conveyor belts market in the region. There has been substantial investment in manufacturing, logistics, and airports construction which has fueled the adoption of conveyor belts for transportation and handling of materials. Furthermore, ongoing infrastructure projects such as expansion of metro networks and construction of smart cities are expected to generate significant opportunities for conveyor belt manufacturers over the coming years. Modern conveyor belts featuring lower noise, reduced tension variation along the belt, and auto-lubrication are also gaining traction among end-users in the Middle East conveyor belts market.
Segment Analysis
The global middle east conveyor belts market is dominated by the mining sub-segment. The mining industry in the Middle East region is witnessing steady growth owing to increasing investments in greenfield and brownfield mining projects. Mining operations require conveyor belts to transport materials over long distances within mines in large volumes. Thus, the demand for conveyor belts is consistently high from the mining industry in the Middle East.
Key Takeaways
The Global Middle East Conveyor Belts Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. Advances in mining and manufacturing activities across the region are fueling the demand for conveyor belts.
Regional analysis
The GCC countries in the Middle East region dominate the conveyor belts market owing to robust economic growth over the past few decades. Countries such as Saudi Arabia and UAE have witnessed significant investments in mining and infrastructure development projects. This has boosted the sales of conveyor belts. Moreover, initiatives such as Vision 2030 by the Saudi government aim to diversify the economy by focusing on industries such as mining and manufacturing which will further propel the conveyor belts market in GCC.
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. These players focus on expanding their manufacturing facilities as well as strengthening distribution networks to leverage opportunities in the growing Middle East market.
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