MIDDLE EAST CONVEYOR BELTS MARKET ANALYSIS

Middle East Conveyor Belts MarketSize and Trends

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.

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.

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 4.2% 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.

2. 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.