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Industrial Application Of Conveyor Belts Is Fastest Growing Segment Fueling The Growth Of Middle East Conveyor Belts Market

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Lucy Kart
Industrial Application Of Conveyor Belts Is Fastest Growing Segment Fueling The Growth Of Middle East Conveyor Belts Market

The global Middle East conveyor belts market is estimated to be valued at US$ 214,680.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Conveyor belts transport various products and materials over short or long distances within industrial settings safely and efficiently. They reduce manual labor and increase productivity.

Market key trends:

Conveyor belts find widespread application across industries such as automotive, food & beverages, airport baggage handling, mining, and e-commerce in the Middle East region. One of the key trends in the market is the growing use of conveyor belts for material handling applications in industries such as cement, mining, power generation, and pharmaceutical. Advantages such as increased efficiency and reduced costs have boosted their adoption. Furthermore, rapid industrialization and infrastructure development activities in the region have augmented the demand for conveyor belts from the construction industry.

Segment Analysis

The Middle East conveyor belts market is segmented by type into roller conveyor belts, slat conveyor belts, and others. The roller conveyor belts segment currently dominates the market and is estimated to maintain its dominance throughout the forecast period 2023-2030. Roller conveyor belts helps transport heavy materials over long distances efficiently without damaging them, which is essential for handling bulk materials in various industries like mining, construction, and airports in the Middle East region.

Key Takeaways

Global Middle East Conveyor Belts Market Size is expected to witness high growth, exhibiting CAGR of 4.2% over the forecast period, due to increasing industrialization and infrastructure development activities across the Middle East countries.

Regional analysis:

The Middle East conveyor belts market is dominated by Turkey region, which accounts for around 30% of the total regional market share. Turkey has a well-established mining, manufacturing and automotive industries which heavily relies on conveyor belts for transportation and material handling applications. Saudi Arabia is the fastest growing regional market due to ongoing investments in construction and infrastructure projects as part of Saudi Vision 2030.

Key players:

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. The major players are focusing on new product developments to stay competitive in the market. For instance, in 2020, Fenner Dunlop launched next generation oil resistant conveyor belt used for food industry.

 Read More- https://www.newsstatix.com/middle-east-conveyor-belts-market-value-insights/

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