Middle East Conveyor Belts Market - Size, Share, Outlook, and Opportunity Analysis, 2019

Conveyor belts are used for carrying objects from one place to another. The material to be transported is placed on the belt and carried to the destination. Basically, these types of belts are used in transportation within the building. The two main application of these belts are in bulk handling and material handling. The material handling are those which are used to move boxes inside the factory and bulk handling are used to transport large volume of resources and agricultural material such as salt, coal, grain, sand etc. The thickness of the material need to be consistent for better performance of these conveyor belts.

Market Dynamics

Growing demand from power, manufacturing and mining industries are expected to drive market growth over the forecast period. This is attributed to high competition in the market as these industries are dependent on the efficient techniques to increase their productivity. The demand of these conveyor belts is also increasing due to growth of infrastructural activities and macroeconomics factors such as GDP growth. The growing demand for ecofriendly conveyor belts with properties such as self-cleaning is expected to improve the operation cost in industries. Which in turn, increases the demand of these conveyor belts in the market.

Increasing number of construction activities worldwide is expected to drive growth of the Middle East conveyor belts market during the forecast period. 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. These factors are expected to drive growth of the Middle East conveyor belts market during the forecast period. For instance, in February 2015, Qatar Railway Company installed 5-km conveyor belts placed 6.3m above the ground to move debris and rubble from construction sites at West Bay Central and West Bay South stations. Moreover, in October 2014, Qatar Primary Materials Company (QPMC) implemented a conveyor stacker system in order to increase the efficiency of port facilities.

Market Taxonomy

This report segments the Middle East conveyor belts market on the basis of product type, cover type, weight, application and region. On the basis of product type, the Middle East conveyor belts market is segmented into metal-reinforced rubber conveyor belts, fabric-reinforced rubber conveyor belts and plastic conveyor belts. On the basis of cover type, the Middle East conveyor belts market is segmented into conductive conveyor belt, abrasion-resistant conveyor, heat- & flame- resistant conveyor and oil-resistant conveyor belt. On the basis of weight, the Middle East conveyor belts market is segmented into lightweight, medium-weight and heavy weight. On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilizers and packaging industry. On the basis of country, the Middle East conveyor belts market is segmented into KSA, Oman, Qatar, UAE, Kuwait, Bahrain, Israel and Turkey.

Key features of the study:

This report provides an in-depth analysis of the Middle East conveyor belts market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the Middle East conveyor belts market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered 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.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The Middle East conveyor belts market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Middle East conveyor belts market.

Detailed Segmentation:

Middle East Conveyor Belts Market, By Product Type: