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.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "India Conveyor Belt
Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast
2023-2028," the India conveyor belt market size reached US$ 503.1 Million in
2022.
Conveyor belts are essential to modern industrial operations, providing
efficient and automated transportation of goods and materials. They are
primarily made from durable materials, such as rubber, polyvinyl chloride
(PVC), or steel, and consist of several key components, including the belt,
pulleys, and a motor, which power the system. They offer numerous benefits,
including increased productivity, reduced manual labor, and enhanced safety
by minimizing the risk of accidents and injuries. The advantages of conveyor
belts are manifold, such as they enable continuous and consistent material
flow, allow for precise control of speed and direction, and can handle heavy
loads with ease.
In comparison to alternative transportation methods, such as manual handling
or forklifts, conveyor belts are more efficient and require lower operational
costs. As a result, they find extensive use across various industries, such as
manufacturing, mining, agriculture, and logistics, facilitating the movement of
various items. Currently, different types of conveyor belts catering to specific
applications are available, including flat, modular, and inclined belts.
Additionally, specialized belts, such as magnetic, wire mesh, and timing belts,
are designed for specific requirements.
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conveyor-belt-market/requestsample
4. Report Description
India Conveyor Belt Market Trends:
The India conveyor belt market is witnessing signif icant growth, driven by the rapidly expanding manufacturing sector in
the country. The surging demand for efficient material handling solutions has considerably increased the adoption of
conveyor belts across various industries, such as automotive, food processing, pharmaceuticals, and logistics, which, in
turn, is influencing the market growth. Moreover, the initiatives by the Government of India (GoI), such as the 'Make in
India' campaign that encourages domestic production, is creating a favorable environment for conveyor belt
manufacturers. In line with this, the rapid expansion of the e-commerce and logistics sectors has necessitated the
implementation of conveyor systems to enhance operational efficiency and streamline the movement of goods, which is
fueling the market growth. Furthermore, favorable advancements in technology, such as automation and robotics, have
contributed to the market growth by enabling conveyor belts to handle complex tasks and improve productivity.
Additionally, the growing awareness regarding worker safety and ergonomics and the availability of a wide range of
conveyor belt options are acting as other growth-inducing factors. Besides this, the shifting emphasis on sustainable
practices has led to the adoption of eco-friendly conveyor belts made from recyclable materials, which is creating a
positive outlook for the market. In conf luence with this, the expansion of infrastructure projects, such as airports,
seaports, and warehouses, and increasing mining activities in India are positively contributing to the market growth.
Other factors, such as the emergence of Industry 4.0 technologies, the integration of the Internet of Things (IoT) and
artificial intelligence (AI), and the presence of a large pool of sk illed labor and low-cost manufacturing capabilities, are
providing an impetus to the market g rowth.
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5. Report
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
8. Key Questions
Answered in
the Report
What was the size of the India conveyor belt market in 2022?
What is the expected growth rate of the India conveyor belt
market during 2023-2028?
What are the key factors driving the India conveyor belt
market?
What has been the impact of COVID-19 on the India conveyor
belt market?
What is the breakup of the India conveyor belt market based
on the type?
What is the breakup of the India conveyor belt market based
on the end use?
What are the key regions in the India conveyor belt market?
Who are the key players/companies in the India conveyor belt
market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Conveyor Belt Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Medium-W eight Conveyor Belt
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Light-W eight Conveyor Belt
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Heavy-W eight Conveyor Belt
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by End Use
10. Table of
Contents
7.1 Mining and Metallurgy
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Manufacturing
7.2.1 Market Trends
7.2.2 Mark et Forecast
7.3 Chemicals, Oils and Gases
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Aviation
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Mark et Forecast
8 Market Breakup by Region
8.1 North India
8.1.1 Mark et Trends
8.1.2 Mark et Breakup by State
8.1.3 Mark et Forecast
8.2 W est and Central India
8.2.1 Mark et Trends
8.2.2 Mark et Breakup by State
8.2.3 Mark et Forecast
8.3 South India
8.3.1 Mark et Trends
8.3.2 Mark et Breakup by State
8.3.3 Mark et Forecast
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