Middle East Conveyor Belts Market Opportunities, Drivers, Top Players, Analysis and Forecasts Till 2027


Posted July 16, 2020 by sm27071995

Middle East Conveyor Belts Market is expected to grow at CAGR of 4.2% for the forecast year 2020-2027
 
Market Opportunities

Increasing demand for halal-certified food products in the Middle East offers lucrative growth opportunities for OEMs of conveyor belts. Conveyor belts are an integral part of the food and processing industry. For instance, in July 2014, Cambridge Engineered Solutions., a leading global conveyor belt manufacturer, announced halal certification of its conveyor belts by U.S.-based Islamic Services of America (ISA). As of 2014, the company is the only metal belt manufacturer with halal certification by the ISA.

Increase in expenditure in the construction industry is expected to create new opportunities for OEMs of material handling equipment in the Middle East region, which is expected to augment market for conveyor belts. According to Coherent Market Insights’ analysis, construction spending in the Middle East is expected to increase by 3.4% in 2016 as compared to 2015, which in turn is expected to create significant growth opportunities for OEMs of conveyor belts in the Middle East.


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Key Market Drivers

Infrastructure development activities are increasing rapidly across the globe, which has increased the demand for automation at construction sites, in order to enhance productivity and efficiency. As a result of this, sales of heavy-duty conveyor belts is increasing significantly

Advancements in technology regarding materials of conveyor belts are expected to open up more application areas for conveyor belts. For instance, in January 2016, Yokohama Rubber Co. Ltd. introduced conveyor belts with improved, heat-resistant fabric. This new belt can be used in high-temperature environments such as in material handling of coke and sintered products, which can reach temperatures as high as 400°C.


Impact of Covid -19 on this Market:

Logistics & supply chain industries are directly affected by COVID-19 pandemic.  

The economic growth of the Middle East has slowdown due to disruptions in the supply chain across the country. For instance, in March 2020, Kingdom of Saudi Arabia (KSA) has suspended all the international flights. Additionally, FMCG and consumer goods companies are also affected by covid-19 and these companies are dependent on other countries for import/export of raw materials.


Top Players:

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
Fenner Dunlop Conveyor Belting


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Market Segmentation:

By Product Type: Metal-reinforced Rubber Conveyor Belts, Fabric-reinforced Rubber Conveyor Belts, Plastic Conveyor Belts.
By Cover Type: Conductive Conveyor Belt, Abrasion-resistant Conveyor, Heat- & Flame- resistant Conveyor, Oil-resistant Conveyor Belt.
By Weight: Lightweight, Medium-weight, Heavyweight.
By Application: Mining, Food Production Industry, Commercial, Construction Industry, Electricity Generating Stations, Automotive Industry, Chemical & Fertilizers, Packaging Industry Wireless Systems.
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Last Updated July 16, 2020