GCC Conveyor Belt Market Size 2022-2027: Trends, Share, Growth, Opportunity and Forecast

According to IMARC Group's latest report, titled "GCC Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the GCC conveyor belt market size reached US$ 111.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 149.8 Million by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027. 

Market Overview:

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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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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.

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GCC Conveyor Belt Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Market Segmentation:

Breakup by Type:

Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt

Breakup by End Use:

Mining and Metallurgy
Manufacturing
Chemicals, Oils and Gases
Aviation
Others 

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

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Key highlights of the report:                                                    

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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