GCC Conveyor Belt Market to Reach US$ 149.8 Million by 2027, Bolstered by the Expanding Construction Industry

December 01, 2022

The latest report by IMARC Group, titled “GCC Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the GCC conveyor belt market size reached US$ 111.3 Million in 2021. Conveyor belts are carrying mediums used to move components, supplies, and materials using an effective and effortless process that saves cost, energy, and time. They include two or more pulleys, or drums, which provide a continuous loop for carrying materials. As conveyor belts move forward, the items on the belt are carried forward. Some commonly used conveyor belts are roller, flat, modular, cleated, curved, incline/decline, specialty belt conveyor, sanitary, and washdown conveyors. They are produced using plastic, rubber-based compounds with multiple layers of numerous fabric materials and steel cables. They can be operated at varying speeds and help enhance the cost-effectiveness and handling of bulk materials. They also provide several benefits, such as reliable operation, saved energy, minimized labor costs, improved productivity, minimized risk of injury and product damage, and enhanced food safety and hygiene standards. As a result, conveyor belts find extensive applications in food packaging, aviation, construction, mining, and manufacturing industries across the region.

GCC Conveyor Belt Market Trends:

The market is primarily driven by the expanding construction sector. This can be attributed to the rising construction activities, rapid industrialization, and rising urbanization. In addition, the widespread automation at construction sites to enhance efficiency, and productivity, is accelerating the utilization of conveyor belts across the GCC region. Moreover, various technological advancements, and the incorporation of artificial intelligence (AI), the internet of things (IoT), and  5G, represent another major growth-inducing factor. Besides this, the increasing utilization of heat-resistant conveyor belts that can be used in high-temperature environments and material handling of sintered products is influencing the market growth. Along with this, the escalating demand for conveyor belts for baggage handling at shipping docks and airports is providing a thrust to the market growth. Apart from this, the market is further propelled by the growing infrastructure development activities and the rising penetration of robotic process automation, with greater efficiency at construction sites. Furthermore, the increasing production of energy-efficient conveyor belts with improved viscoelastic properties and the rising product demand in the food and beverage, retail, and e-commerce industries are also creating a positive market outlook across the region. Looking forward, IMARC Group expects the market value to reach US$ 149.8 Million by 2027, exhibiting a CAGR of 5.1% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been segregated into medium, light, and heavy-weight conveyor belts.
  • On the basis of the end use, the market has been classified into mining and metallurgy, manufacturing, chemicals, oils and gases, aviation, and others.
  • Region-wise, the market has been divided into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
  • The competitive landscape of the industry has also been examined in the report, along with profiles of the key players operating in the industry.
     

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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GCC Conveyor Belt Market to Reach US$ 149.8 Million by 2027, Bolstered by the Expanding Construction Industry
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