According to IMARC Group’s latest report titled “GCC Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027″, the GCC Conveyor Belt Market will reach US$111.3M in 2021. Looking ahead, IMARC Group expects the market to reach $149.8 million by 2027, with a growth rate (CAGR) of 5.1% over 2022-2027.
Conveyor belts carry the media used to move components, consumables and supplies using an efficient and easy process that saves cost, energy and time. They consist of two or more pulleys or drums to ensure continuous circulation of the material. As the conveyor belt moves forward, the items on the belt also move forward. Some commonly used conveyor belts are roller conveyors, flat conveyors, modular conveyors, wedge conveyor belts, curved conveyors, incline/tilt conveyors, specialty belts, sanitary conveyors, and flush conveyors. They are made using plastic, rubber-based compounds and layers of fabric materials and steel cables. They can run at different speeds, which helps to improve profitability and productivity in bulk material handling. They also offer benefits such as reliable performance, energy savings, minimal labor costs, increased productivity, minimized risk of injury and product damage, and improved food safety and hygiene standards. As a result, conveyor belts are widely used in the food, aviation, construction, mining and manufacturing industries of the region.
We regularly monitor the direct impact of COVID-19 on the market, as well as the indirect impact of related industries. These comments will be included in the report.
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The market is primarily driven by the expanding construction industry. This can be attributed to increased construction activity, rapid industrialization and growing urbanization. In addition, the widespread adoption of automation at construction sites to increase efficiency and productivity is accelerating the use of conveyor belts in the Gulf region. Moreover, various technological advances and the adoption of artificial intelligence (AI), Internet of Things (IoT) and 5G are another important growth driver. In addition, the growth of the market is influenced by the growing use of heat-resistant conveyor belts, which can be used in high-temperature environments and when moving materials from sintered products. Meanwhile, the growing demand for baggage handling conveyor belts at cargo terminals and airports is driving the growth of the market. In addition, growing infrastructure development activities and the growing adoption of robotic process automation and efficiency gains at construction sites are further driving the market. In addition, the growth in the production of energy efficient conveyor belts with improved viscoelastic properties and the growing demand for food and beverage, retail and e-commerce are also creating positive market prospects for the region.
The competitive environment of the industry is also considered, as well as the profiles of key players.
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IMARC Group is a leading market research company providing management strategies and market research on a global level. We work with clients across all industries and geographies to identify their most valuable opportunities, solve their most critical challenges, and transform their businesses.
IMARC information products include key market, scientific, economic and technological developments for leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are the firm’s main focuses.
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