Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Conveyor belts are a mechanical device used for carrying objects from one point to another. These belts are generally used for transportation at close distances usually within a building. Generally, conveyor belts are comprised of two or more pulleys with endless loop of carrying medium that rotates about them. Lightweight conveyor belts are multilateral, with two- or one-sided rubber lining and uneven edges. Oil-resistant conveyor belts are made of components that are oil treated and have nitrile-based covers.

The Middle East conveyor belts market is estimated to account for US$ 253,193.9 Mn in terms of value by the end of 2027.

Market Dynamics- Drivers

  1. 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.

  1. 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 400°C. Therefore, these factors are expected to propel the market growth over the forecast period.

Statistics:

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

Middle East Conveyor Belts  | Coherent Market Insights

Market Dynamics- Restraints

  1. 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.

  1. 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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Middle East Conveyor Belts Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 182,105.3 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.2% 2027 Value Projection: US$ 253,193.9 Mn
Geographies covered:
  • Middle East: KSA, Oman, Qatar, UAE, Kuwait, Bahrain, Israel, Turkey
Segments covered:
  • 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.
Companies covered:

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.

Growth Drivers:
  • Increasing number of construction activities worldwide
  • Enhancement of belt material in conveyor systems
Restraints & Challenges:
  • Low-profit margins for manufacturers of premium products
  • Heavy reliance on raw materials

Market Opportunities

  1. 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.

  1. 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

Middle East Conveyor Belts  | Coherent Market Insights

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 Trends

  1. 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.

  1. 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.

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.

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:
    • Metal-reinforced Rubber Conveyor Belts
    • Fabric-reinforced Rubber Conveyor Belts
    • Plastic Conveyor Belts
  • Middle East Conveyor Belts  Market, By Cover Type:
    • Conductive Conveyor Belt
    • Abrasion-resistant Conveyor
    • Heat- & Flame- resistant Conveyor
    • Oil-resistant Conveyor Belt
  • Middle East Conveyor Belts  Market, By Weight:
    • Light weight
    • Medium-weight
    • Heavy weight
  • Middle East Conveyor Belts  Market, By Application:
    • Mining
    • Food Production Industry
    • Commercial
    • Construction Industry
    • Electricity Generating Stations
    • Automotive Industry
    • Chemical & Fertilizers
    • Packaging Industry
  • Middle East Conveyor Belts  Market, By Country:
    • KSA
    • Oman
    • Qatar
    • UAE
    • Kuwait
    • Bahrain
    • Israel
    • Turkey
  • Company Profiles
    • Al Kuwaiti Industrial Solutions *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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

 *Browse all the market data tables and figures on “Middle East Conveyor Belts Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Cover Type
      • Market Snippet, By Weight
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Impact of COVID-19 Pandemic on Middle East Conveyor Belts Market
    • Short Term and Long Term Impact, By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
    • Short Term and Long Term Impact, By Application
  5. Middle East Conveyor Belts Market, By Product Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Metal-reinforced Rubber Conveyor Belts
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Fabric-reinforced Rubber Conveyor Belts
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Plastic Conveyor Belts
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Middle East Conveyor Belts Market, By Cover Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Conductive Conveyor Belt
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Abrasion-resistant Conveyor
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Heat- & Flame- resistant Conveyor
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Oil-resistant Conveyor Belt
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Middle East Conveyor Belts Market, By Weight, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Light weight
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Medium-weight
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Heavy weight
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  8. Middle East Conveyor Belts Market, By Application, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Mining
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Food Production Industry
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Commercial
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Construction Industry
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Electricity Generating Stations
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Automotive Industry
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Chemical & Fertilizers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Packaging Industry
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  9. Middle East Conveyor Belts  Market, By Country, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • KSA
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • Oman
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • Qatar
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • UAE
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • Kuwait
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • Bahrain
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • Israel
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
    • Turkey
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Cover Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Weight, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2020–2027 (US$ Million)
  10. Competitive Landscape
    • Company Profiles
      • Al Kuwaiti Industrial Solutions
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ziligen A.S.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Arabian Universal
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Semperit AG Holding
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bridgestone Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schieffer Magam Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ContiTech AG (Continental AG)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Phoenix Conveyor Belt Systems Gmbh
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Derby Conveyor Belt Industry and Trade Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kale Conveyor
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FaBa Commercial Services
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fenner Dunlop Conveyor Belting
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  11. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse XX market data tables and XX figures on “Middle East Conveyor Belts Market-forecast to 2027”.

Frequently Asked Questions

The Middle East Conveyor belts market size was valued at US$ 182,105.3 million in 2019 and is estimated to exhibit a CAGR of 4.2% between 2020 and 2027.
Medium-weight segment held the major market share in 2019 owing to high resistance and enhanced quality.
Major factor driving the growth of Middle East conveyor belts market during the forecast period are increasing number of construction activities worldwide.
Major factors hampering the growth of the Middle East conveyor belt market during the forecast period constitutes of low-profit margins for manufacturers of premium products
Turkey country conveyor belt market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the 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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