The Middle East Conveyor Belts Market Is Estimated To Witness High Growth Owing To Growing Industrialization

East Conveyor Belts Market


The 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.

The conveyor belt market includes belts that are used to transport material over short or long distances between operations or storage areas in various industries like mining, aviation and transportation, manufacturing, ports, and others. Conveyor belts help improve productivity and reduce costs and labor in addition to the ability of conveyors to easily redirect materials to various destinations. These factors are expected to fuel the demand for conveyor belts in the Middle East region over the forecast period.

Market Overview:
Conveyor belts are heavy-duty carriers designed specifically for transportation purpose in industrial applications. They comprise a flexible reinforced fabric with rubber, plastic, or steel cords embedded in the material. They are widely used in material handling applications for continuous transport of bulk materials or unit loads. They facilitate smooth movement of materials over short or long distances in minimum time with high efficiency. Various industries such as food & beverage, airports, mining, ports utilize conveyor belts extensively to ensure improved productivity.

Market key trends:
One of the key trends in the Middle East conveyor belts market is growing focus on automation. To cope with the shortage of labor and cut costs, industries in the Middle East are increasingly adopting automated technologies including conveyor belts for material handling applications. Advanced features such as programmable logic controllers, proximity sensors, rotary indexing tables integrated with conveyors are enhancing productivity and efficiency. Furthermore, rising demand from food and beverage industry is also fueling the market growth. Conveyor belts are critical for transportation of food items and ensuring safety and hygiene standards in food processing plants. Increasing foreign investments in ports, mining, and airports are also driving the demand for industrial conveyor belts in the region.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the Middle East conveyor belts market is moderate. Established players dominate the market making it difficult for new players to gain foothold and scale. However, low entry barriers encourage small players.

Bargaining power of buyers: The bargaining power of buyers is high given the presence of numerous players providing substitutes. Buyers can negotiate on price and demand better quality, services and delivery timelines.

Bargaining power of suppliers: Suppliers of raw materials like rubber and polymers have moderate bargaining power due to availability of substitutes and less differentiation in materials. Established suppliers differentiate services to gain customer loyalty.

Threat of new substitutes: Threat of substitutes is moderate as automated transport alternatives like stackers and lift trucks provide competition. However, conveyor belts have advantages of continuous flow of material at low operational cost.

Competitive rivalry: High due to presence of numerous regional and global brands competing on capabilities, price and services.

SWOT Analysis

Strengths: Established infrastructure and distribution networks. Proximity to key markets in Middle East and North Africa region.

Weaknesses: Vulnerable to volatility in raw material prices. Lower brand recognition compared to global competitors.

Opportunities: Growing e-commerce and logistics sectors driving demand. Projects around Dubai Expo 2020 and infrastructure expansion boosting sales.

Threats: Increased automation may impact demand. Political and economic instability in certain countries affects growth.

Key Takeaways

Global Middle East Conveyor Belts Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing automation and logistics infrastructure investments in major economies. The growing e-commerce sector is further propelling the demand for conveyor belts for order processing in the region.

Regional analysis - The conveyor belts market in Saudi Arabia is dominant and will continue to grow at fastest pace owing to mega infrastructure projects around tourism, transportation and smart city developments. UAE and Turkey follow with major port expansions and industrial activities driving the sales.

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. The companies are focused on enhancing product quality, reliability and energy efficiency to strengthen market share. Customized solutions as per application requirements is a key strategy. 

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