February 26, 2024

The Middle East Conveyor Belts Market Is Expected To Be Flourished By Growing E-Commerce Industry

Conveyor belts are an integral part of material handling systems used across several industries such as automobile, food & beverage, aviation, and e-commerce. They help in bulk transportation of goods and materials over short or long distances in warehouses, factories, airports, and shopping centers. The increasing demand for faster delivery of goods and packages has prompted e-commerce companies and logistics providers to invest heavily in conveyor belt systems that can efficiently sort and route items for shipping. Systems with programmable circuits and sensors allow autonomous material movement based on weights, dimensions, and destination of shipments.

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 Dynamics:

The growing e-commerce industry is one of the major drivers propelling the Middle East conveyor belts market. E-commerce sales in the region rose by over 100% during the COVID-19 pandemic as people preferred online shopping for essentials over visiting stores. This has encouraged retailers and third-party logistics providers to augment investments in automated distribution centers and warehouses equipped with conveyor belts from receiving to shipping. Another driver is the significant infrastructure development underway in transportation and logistics hubs across GCC countries. Mega projects like Dubai Logistics Quarter aim to enhance connectivity and trade by modernizing airports and seaports with conveyor integration for faster cargo movement. However, high initial capital expenditure for conveyor systems installation and maintenance could hinder market growth over the forecast period.

 

Segment Analysis

The Middle East conveyor belts market is segmented into deck conveyor belts, tray conveyor belts, roller conveyor belts, pallet conveyor belts and others. The tray conveyor belts segment dominates the market and holds around 30% share owing to its wide applications in food, agriculture and manufacturing industries. Tray conveyor belts are highly adopted for transporting food products, fruits and vegetables in short to medium distances due to their open slots that prevents accumulation of dirt and damaging of products during transit.

PEST Analysis

Political: Stable political climate and government initiatives promoting industrialization are encouraging growth of end-use industries in Middle East.

Economic: Rising industrial development, growing e-commerce sector and economic diversification driving demand.

Social: Changing lifestyle and increasing disposable income fueling growth of processed food and packaging industries.

Technological: Automation and IoT reducing manufacturing costs and improving productivity in industries.

Key Takeaways

The Global Middle East Conveyor Belts Market Demand is expected to witness high growth at a CAGR of 42% during the forecast period of 2024 to 2031.

 

Regional analysis –

 

The GCC region dominates the market and is projected to grow at fastest pace due to rapidly expanding industrial and manufacturing sectors in countries like Saudi Arabia and UAE.

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. Key players are focusing on development of smart conveyor belts integrated with automation and IoT to gain competitive advantage.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it