The India conveyor belt market size reached US$ 503.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 709.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
A conveyor belt is a mechanical strip used for moving objects in various materials handling processes. It is utilized to transport products in a straight line or through multiple elevation angles or directions with controlled movement of the product. The conveyor belt is commonly available in medium-weight, lightweight and heavy-weight variants. They are manufactured using polyvinyl chloride and materials, such as styrene-butadiene rubber, nylon, thermoplastics and polyesters. They are fire-resistant, cost-effective, convenient to use and aid in handling bulky materials and accommodating changes in elevation. They find extensive applications across various industries, such as manufacturing, aviation, mining, chemical and oil and gas.
The India conveyor belt market is primarily being driven by rapid industrialization and increasing infrastructural development activities. Conveyor belts are also widely used in the mining and industry to carry ores, concentrates and tailings throughout the mining cycle from the initial excavation point to the production of refined material. Moreover, various product innovations, such as the development of textile-reinforced and steel cord-reinforced belts, are providing a thrust to the market growth. The integration of the Industrial Internet of Things (IIoT) with the connected devices for increased operational efficiency, profitability and safety is also contributing to the growth of the market. Conveyor belts are also used for baggage handling and transporting cargo in the aircraft compartments and in automobile manufacturing plants for moving large engines, trucks and cars, which is driving the market further. Other factors, including the increasing product adoption in the food and beverage industry, are anticipated to drive the market toward growth across the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India conveyor belt market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on type and end use.
Breakup by Type:
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Breakup by End Use:
Mining and Metallurgy
Chemicals, Oils and Gases
Breakup by Region:
West and Central India
The competitive landscape of the industry has also been examined along with the profiles of the key players being Oriental Rubber Industries Pvt. Ltd., Somi Conveyor Beltings Ltd., Fenner Conveyor Belting Pvt Ltd, Continental Belting Pvt. Ltd., Pentagon Rubber Private Limited, Shriram Beltings India Private Limited, Mahajan Beltings Industrial Corporation India, Dynamic Rubbers Pvt Ltd., Jaytex International and Ace Conveyor Solutions.
Base Year of the Analysis
Type, End Use, Region
North India, West and Central India, South India, East India
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Key Questions Answered in This Report
The India conveyor belt market was valued at US$ 503.1 Million in 2022.
We expect the India conveyor belt market to exhibit a CAGR of 5.6% during 2023-2028.
The emerging trend of industrial automation, along with the growing demand for advanced conveyor belts that offer self-cleaning properties, improved operational costs, high energy-efficiency, etc., is primarily driving the India conveyor belt market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of conveyor belts to perform several tasks, such as welding, material handling, packing, palletizing, dispensing, cutting, etc., for combating the spread of the coronavirus infection upon human intervention across the nation.
Based on the type, the India conveyor belt market has been segregated into medium-weight conveyor belt, light-weight conveyor belt, and heavy-weight conveyor belt. Among these, medium-weight conveyor belt currently exhibits a clear dominance in the market.
Based on the end use, the India conveyor belt market can be bifurcated into mining and metallurgy, manufacturing, chemicals, oils and gases, aviation, and others. Currently, mining and metallurgy holds the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India conveyor belt market.
Some of the major players in the India conveyor belt market include Oriental Rubber Industries Pvt. Ltd., Somi Conveyor Beltings Ltd., Fenner Conveyor Belting Pvt Ltd, Continental Belting Pvt. Ltd., Pentagon Rubber Private Limited, Shriram Beltings India Private Limited, Mahajan Beltings Industrial Corporation India, Dynamic Rubbers Pvt Ltd., Jaytex International, and Ace Conveyor Solutions.
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