The 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) – Middle East Forecast to 2027, is expected to be valued at US$ 253,193.9 million by 2027, exhibiting a CAGR of 4.2% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
A conveyor belt is the carrying medium of a belt conveyor system. These belts are used for transportation in close distances within a building. It may be comprised of one or multiple layers including rubber strapped around pulleys that rotate circularly and carry objects or materials along with the rotation. Heavyweight conveyor belts are usually multilateral, with two-sided rubber lining and a protective pad or breaker strip under a rubber plate of the working surface and rubber edges. Medium-weight conveyor belts are multilateral, with two-sided rubber lining and rubber edges, the thickness of working surface is usually less as compared to heavyweight belts.
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.
Increasing adoption of automated production lines across various industries is expected to propel the Middle East conveyor belts market growth over the forecast period
Increasing demand for electronic devices and growing consumer preference for packaged food beverages is compelling manufacturers to increase production efficiency by adopting automation at manufacturing plants. A conveyor system also reduces overall turnaround time as well as manual labor required for a particular process. In production plants with automated assembly lines, a standard conveyor belt system is much more efficient in transporting goods along the production line than manually transporting goods to each station. Hence, these factors are expected to drive growth of the Middle East conveyor belts market growth in the near future.
Proactive initiatives by government authorities to encourage local food production can present significant business opportunities
Most food products in the Middle East are mainly imported from various countries worldwide. This is mainly due to the harsh environmental conditions and lack of proper food production facilities in the region. In order to increase overall food production, various governments in the region are introducing supportive initiatives to encourage local production of food. Various food trade exhibitions are being organized in the region to improve food security, sustainability, speed, and efficiency of production, logistics, and transport in the food & beverage industry. These in turn are expected to offer lucrative growth opportunities for deployment of conveyor belts for efficient production in these industries. For instance, in 2014, the Government of Dubai organized Gulf Food Manufacturing exhibition at Dubai World Trade Centre (DWTC), which focuses on three main factors of food products namely food logistics, packaging and ingredients in the Middle East region.
Requirements of skilled personnel for maintenance and repair operations are expected to hamper the Middle East conveyor belts market growth over the forecast period
Since conveyor belts are used constantly, they require frequent maintenance and repair services. However, these services can only be provided by skilled personnel. As there is a lack of skilled personnel in the Middle East and Africa region, adoption of conveyor belts is being hindered. Thus, these factors expected to hamper the Middle East conveyor belts market growth over the forecast period.
Since the completion in the industry is increasing, key players in the market are leveraging their technical expertise to provide on-site under experienced engineers in order to improve customer experience and in turn enhance their customer base. Conveyor belt manufacturers are developing monitoring systems focused on on-site maintenance of conveyor belts to avoid issues such as belt rips, deterioration, and splice elongation by timely maintenance of belts. Average life span of conveyor belts is 2–5 years, during which belts require monitoring of alignment and thickness in order to maintain their performance. For instance, in June 2014, ContiTech developed electronic conveyor belts warning and inspection systems to detect damage and determine state of conveyor belts. The system is designed for use in extreme applications such as mining and other industrial application.
Global leading manufacturers of conveyor belts are partnering with local distributors to enhance their distribution network in the Middle East. For instance, in September 2014, Cambridge Engineered Solutions, a leading manufacturer of metal conveyor belts partnered with SCI Trading, industrial component distributor in the Middle East region. This was mainly to cater to rising demand in oil refineries, petroleum, and chemical plants. SCI Trading is the only authorized distributor of Cambridge Engineered Solutions in Middle East with a major presence in Saudi Arabia, Bahrain, Qatar, and Kuwait.
Middle East Conveyor Belts Market - Impact of Coronavirus (Covid-19) Pandemic
Due to Covid-19 pandemic, many industries witnessed significant shift in their business. Many countries have imposed lockdown to contain the coronavirus and due to this oil industry have been heavily impacted. Many oil production companies in Middle East region have suspended their operations temporarily. Middle East countries are facing huge challenges as price of oil has fallen in international market and countries across the globe have reduced the import of crude oil. As conveyor belts are used in oil industry and currently whole oil industry is suffering a lot due to Covid-19 and due to this demand of conveyor belts in the oil industries have been reduced.
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.