An Incisive, In-depth Analysis on the Middle East Industry Conveyor Belt Market
This study offers a comprehensive, 360 degree analysis on the Middle East Industry Conveyor Belt market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Middle East Industry Conveyor Belt market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Conveyor belts are primarily employed for carrying objects from one point to another. The material to be transported is placed on the belt and is carried to the end point on the belt. The two main industrial classes of belt conveyors are general material handling and bulk material handling. General material handling are those used to move boxes along inside a factory while bulk material handling are used to transport large volumes of resources and agricultural materials such as grain, salt, coal, ore and sand.
Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.
Drivers and Trends
Growth of Middle East conveyor belt market is influenced by a number of factors primarily, rapid infrastructural development activities leading to increasing number of construction sites, rising adoption of automated manufacturing and material handling systems by various industries in the region and technological development of materials used in conveyor systems.
Key trends observed in the Middle East conveyor belt market are focus of players on catering to on-site maintenance of conveyer belts, reduction of energy costs by use of energy- efficient belts and OEMs partnering with local distributors to enhance their distribution network in the Middle East.
On the basis of product type, Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts. Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.
By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belts. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period.
On the basis of application, Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry; among these, mining segment has been estimated to account for value share of 22.9% in 2015.
By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight; among these, medium-weight segment has been estimated to account for value share of 49% in 2015, which is projected to increase to 49.5% by 2026. In Middle East conveyor belts market, lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.
The Middle East conveyor belt market covers eight major countries in the Middle East, namely, KSA, Oman, Qatar, UAE, Kuwait, Bahrain, Israel and Turkey. Turkey has been estimated to dominate the market with share of 35.0% in 2015, closely followed by KSA, UAE and Oman, respectively.
Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding, Ziligen A.S., Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which include conveyor belt manufacturing, service and maintenance.
This Future Market Insights (FMI) report examines the ‘Middle East Conveyor Belt’ market for the forecast period 2016-2026. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the Middle East conveyor belt market.
Conveyor belts are primarily employed for carrying objects from one point to another. The material to be transported is placed on the belt and is carried to the end point on the belt. These belts are generally used for transportation in close distances, generally within a building. Compounds of rubber are used in production of belts; the compounds are plasticised to increase their efficiency. The belt has to be uniform and material thickness has to be consistent for better performance of conveyor belts. The two main industrial classes of belt conveyors are general material handling and bulk material handling. General material handling are those used to move boxes along inside a factory, while bulk material handling are used to transport large volumes of resources and agricultural materials such as grain, salt, coal, ore and sand.
To understand and assess opportunities in this market, the report is categorically divided into five sections namely, by product type, cover type, weight, application and country. The report analyses the Middle East conveyor belt market in terms of market value (US$ Mn)
The report begins with an overview of the global conveyor belt market, followed by Middle East conveyor belt market, appraising conveyor belt sales in terms of revenue, followed by FMI’s analysis of key trends, drivers, and restraints witnessed in the market. Key trends are also included in the report to equip the client with crystal clear decision making insights.
The subsequent sections analyse the Middle East conveyor belt market on the basis of product type, cover type, weight, application and country, and presents a forecast for the period 2016–2026. The market is segmented as follows:
By Product Type
- Metal-reinforced Rubber Conveyor Belts
- Fabric-reinforced Rubber Conveyor Belts
- Plastic Conveyor Belts
By Cover Type
- Conductive Conveyor Belt
- Abrasion-resistant Conveyor
- Heat- & Flame- resistant Conveyor
- Oil-resistant Conveyor Belt
- Food Production Industry
- Construction Industry
- Electricity Generating Stations
- Automotive Industry
- Chemical & Fertilisers
- Packaging Industry
To deduce market size, the report considers various aspects based on secondary research. Furthermore, data points such as country-wise split and market split by product type, cover type, weight, application, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution by the Middle East conveyor belt market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the Middle East conveyor belt market. However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provides forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.
Another key feature of this report is the analysis of Middle East conveyor belt market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the Middle East conveyor belt market.
To understand key segments in terms of their growth and performance in the Middle East conveyor belt market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the Middle East Conveyor Belt market.
In the final section of the report, Middle East conveyor belt market, competitive landscape is included to provide a dashboard view of companies that manufacture and supply Middle East conveyor belt. The report contains company profiles of some of the major players operating in the Middle East conveyor belt market.
Some market players featured in this report are as follows:
- Al Kuwaiti Industrial Solutions
- Arabian Universal
- Bridgestone Corporation
- ContiTech AG (Continental AG)
- Derby Conveyor Belts Industry and Trade Inc.
- FaBa Commercial Services
- Fenner Dunlop Conveyor Belting
- Kale Conveyor
- Phoenix Conveyor Belts Systems GmbH
- Schieffer Magam Industries Ltd.
- Semperit AG Holding
- Ziligen A.S.