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Middle East Conveyor Belts Market Analysis | Coherent Market Insights


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Title: Middle East Conveyor Belts Market Analysis | Coherent Market Insights

  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

  • Middle East Conveyor Belts Market, By Product
    Type (Metal-reinforced Rubber Conveyor Belts,
    Fabric-reinforced Rubber Conveyor Belts and
    Plastic Conveyor Belts), By Cover Type
    (Conductive Conveyor Belt, Abrasion-resistant
    Conveyor, Heat- Flame- resistant Conveyor and
    Oil-resistant Conveyor Belt), By Weight
    (Lightweight, Medium-weight and Heavy weight), By
    Application (Mining, Food Production Industry,
    Commercial, Construction Industry, Electricity
    Generating Stations, Automotive Industry,
    Chemical Fertilizers and Packaging Industry)
    and by Country (KSA, Oman, Qatar, UAE, Kuwait,
    Bahrain, Israel and Turkey) - Size, Share,
    Outlook, and Opportunity Analysis, 2020 - 2027

  • The Middle East conveyor belts market was valued
    at US 182,105.3 Mn in 2019 and is forecast to
    reach a value of US 253,193.9 Mn by 2027 at a
    CAGR of between 2020 and 2027.

Market Drivers
  • 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. Therefore, 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.

  • Enhancement of belt material in conveyor systems
    is expected to propel the Middle East conveyor
    belts market growth over the forecast period
  • 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 400C.
    Therefore, these factors are expected to propel
    the market growth over the forecast period.

  • Turkey country held dominant position in the
    Middle East Conveyor belts market in 2019,
    accounting for 34.9 share in terms of value,
    followed by Kingdom of Saudi Arabia, U.A.E and
    Oman respectively.
  • Figure 1 Middle East Conveyor Belts Market Share
    (), in terms of Value, By Country, 2019

Market Restraints
  • Low-profit margins for manufacturers of premium
    products is expected to restrain growth of the
    Middle East conveyor belts market during the
    forecast period Major OEMs in the market face
    challenges associated with price and low-quality
    belt. This in turn is challenging premium quality
    manufacturers to market their products in
    standard price offerings. Investments made into
    upgrading technology by key players often fail to
    fetch commensurate returns from the market,
    causing the players to exit the market in a very
    short period of time. Hence, these factors are
    expected to restrain growth of the market during
    the forecast period.
  • Heavy reliance on raw materials is expected to
    hinder the Middle East conveyor belts market
    growth over the forecast period Majority of
    conveyor belt manufacturers in Middle East and
    Africa rely on imports of procuring raw materials
    such as natural and vulcanized rubber and
    galvanized steel wires. There are a handful of
    conveyor belt manufacturers in the region, with
    most of them concentrated in a few clusters of
    GCC countries and Turkey. Raw materials such as
    natural rubber, galvanized steel wires, and
    fabric in the region are primarily imported from
    South Korea, China, and Russia, while carbon
    black is imported from the Philippines.
    Therefore, these factors are expected to hinder
    the market growth in the near future.

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Market Opportunities
  • Demand for halal-certified conveyor belts can
    present lucrative growth opportunities
    Increasing demand for halal-certified food
    products in the Middle East in turn offers
    lucrative growth opportunities for OEMs of
    conveyor belts. Conveyor belts are an integral
    part of the food and processing industry.
    Halal-certified conveyor belts are further
    expected to adhere to dietary guidelines for
    production of halal-certified goods. 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.
  • Growing expenditure construction industry can
    pose major business opportunities 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 in turn 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.

Figure 2 Middle East Conveyor Belts Market Value
(US Mn), 2017 - 2027
Market Trends
  • Increasing adoption of energy-saving belts across
    the region End-use industries are focused on
    reducing energy costs by use of efficient
    products and processes. Moreover, manufacturers
    are introducing energy-efficient conveyor belts
    for various applications. Major manufacturers are
    developing conveyor belts with better
    visco-elastic properties, which can reduce energy
    consumption by up to 20. For instance, in 2014,
    Bridgestone Corporation developed energy-saving
    belts using its fuel-efficient Ecopia tire
    technology. This new conveyor belts material
    maximizes belt performance as the belt runs along
    the indentation resistant rollers.
  • Rising demand for lightweight conveyor belts In
    the Middle East, low noise and lightweight
    conveyor systems are gaining traction over the
    heavyweight conveyor belts. This is mainly
    attributed to the excellent beneficial features
    of lightweight conveyor belts, which
    significantly increases reliability of the device
    and significantly reduces maintenance costs of
    the system. Some of the leading companies
    offering lightweight conveyor belts in Middle
    East region include Ammeraal Beltech Holding BV,
    Schieffer Magam Industries Ltd. These companies
    are offering their lightweight conveyor belts to
    wood/paper, bottling/canning, plastics, textiles,
    electronics, treadmill, and pharmaceutical

Middle East Conveyor Belts Market - Impact of
Coronavirus (Covid-19) Pandemic
  • Due to Covid-19 pandemic, many industries
    witnessed significant shift in their business.
    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. Owing to these factors the demand for
    conveyor belts in declining, as these are highly
    used in the logistics sector.

Competitive Section
  • 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.

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