Middle East Conveyor Belts Market Analysis | Coherent Market Insights

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MIDDLE EAST CONVEYOR BELTSMARKET ANALYSIS

• 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

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• 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.

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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.

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• 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.

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• 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

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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.

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Figure 2 Middle East Conveyor Belts Market Value
(US Mn), 2017 - 2027
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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,
  PROBE CONVEYOR, AND TRANSMISSION BELTS and
  Schieffer Magam Industries Ltd. These companies
  are offering their lightweight conveyor belts to
  wood/paper, bottling/canning, plastics, textiles,
  electronics, treadmill, and pharmaceutical
  industries.

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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.

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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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