GCC Conveyor Belt Market Share 2022: Size, Business Scope, Drivers and Growth Opportunities by 2027

According to IMARC Group's recently published 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. 

A conveyor belt represents a mechanical strip used for moving objects in various material operating processes. It is utilized to transport products in a straight line or through several elevation angles or directions with steady movement. The conveyor belt is commonly available in lightweight, medium-weight, and heavy-weight variants. They are manufactured using polyvinyl chloride and components, such as nylon, thermoplastics, styrene-butadiene rubber, and polyesters. Conveyor belts are cost-effective, convenient to use, fire-resistant, aid in handling bulky materials, and accommodate changes in height. As a result, these mechanical strips find widespread applications across various sectors, including aviation, mining and metallurgy, manufacturing, chemical, and oil and gas. 

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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.

GCC Conveyor Belt Market Trends:

The escalating construction activities in the region and the extensive automation at building sites to enhance productivity and efficiency are among the primary factors driving the GCC conveyor belt market. Besides this, the increasing need for these mechanical strips in the mining industry to carry concentrates, ores, and tailings throughout the cycle from the initial excavation point to the production of refined material is further augmenting the market growth. Moreover, several technological innovations, such as the development of heat-resistant conveyor belts that can be used in material handling of sintered products and high-temperature environments, are also catalyzing the market across GCC. Apart from this, the elevating requirement for these mechanical strips for baggage handling at the shipping docks and airports is acting as another significant growth-inducing factor. Furthermore, the integration of the industrial internet of things (IIoT) with the connected devices for enhanced operational efficiency, profitability, and safety is anticipated to propel the GCC conveyor belt market over the forecasted period.    

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

Competitive Landscape With Key Players:

The competitive landscape of the GCC conveyor belt market has been studied in the report with the detailed profiles of the key players operating in the market.

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

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4353&flag=C

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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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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.

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This release was published on openPR.