The Middle East conveyor belts market plays a vital role in handling a variety of bulk materials across various industries such as mining, food & beverage, construction, and airport baggage handling. Conveyor belts offer advantages such as improved safety, reduced labor cost, increased efficiency, and accurate tracking of material flow. Growing construction activities and expansion of airports have augmented the demand for conveyor belts in the region.
The global Middle East Conveyor Belts Market is estimated to be valued at Us$ 247.6 Bn in 2024 and is expected to exhibit a CAGR Of 42% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased demand can be attributed to the growing emphasis on safe and efficient material handling systems across various industries in the Middle East region. Conveyor belts facilitate automated transportation of materials over short or long distances in a safe, dust-proof and controlled manner. The rapid industrialization and infrastructure development has propelled the demand for automated material transport solutions. Furthermore, regulatory mandates regarding workplace safety and ergonomics have further catalyzed the adoption of conveyor belts. The continuous technological advancements to enhance performance, automation and sustainability of conveyor belts remain the key driving factors for the market.
Segment Analysis
The Middle East conveyor belts market is dominated by the metal, mineral and mining segment. The metal, mineral and mining industry extensively uses conveyor belts to transport coal, ores and other materials within the heavy mining equipment. Moreover, the demand for coal has been consistently rising in the Middle East region with increasing industrialization and infrastructure development. This has contributed to the growth of the metal, mineral and mining segment in the regional conveyor belts market.
Key Takeaways
The Global Middle East Conveyor Belts Market Demand is expected to witness high growth. The market is projected to grow at a CAGR of 42.6% during the forecast period of 2024 to 2031 to reach a market size of US$ 247.6 billion by 2031.
Regional analysis:
The conveyor belts market in Saudi Arabia holds the highest share in the Middle East region currently. The rapidly growing mining and industrial sector in the country has led to rising demand for conveyor belts from various end-use industries. Furthermore, ongoing and upcoming infrastructure projects under the Vision 2030 initiative are expected to propel the demand for conveyor belts in Saudi Arabia during the forecast period.
Key players operating in the Middle East conveyor belts market are ABB, ANSYS, Inc., Autodesk Inc., AVEVA Group plc, Amazon Web Services, Inc., Dassault Systèmes, GE DIGITAL, General Electric, Hexagon AB, IBM Corporation, Microsoft Corporation, PTC Inc., Rockwell Automation, SAP SE, and Siemens AG. Most of the leading players are focusing on developing innovative conveyor belt solutions integrated with advanced technologies such as IoT and AI to strengthen their position in the high-growth regional market.
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