Research and Markets (http://www.researchandmarkets.com/research/948gzt/conveyor_belt) has announced the addition of the "India Conveyor Belt Market Report, 2016" report to their offering.

The Conveyor Belt Services segment includes activities such as installation of conveyor belts, maintenance of and technical support for conveyor belts, and replacement of the parts of conveyor belts. Since there has been an increase in the adoption of conveyor belt products across various industries in India, there has been increased need for the conveyor belt servicing activities. The typical lifespan of a conveyor belt product varies from two to five years; after this there is need for replacement of or repair work on the conveyor belt or part of the conveyor belt. Some of the major players in India providing conveyor belt services are Thejo Engineering Ltd., Oriental Rubber, International Conveyors Ltd., Somi Conveyor Beltings, Oriental Rubber, Tega Industries, and Vega Conveyors & Automation.

According to the report, the growth in production in the Coal Mining industry in India, which is a major end-user of conveyor belts, is expected to drive higher demand for conveyor belts during the period 2012-2016. India's Twelfth Five Year Plan (2012-2017) has projected better growth prospects in industries such as Cement, Steel, and Ports, which are some of the major end-users of conveyor belts in India. The growth in these industries is expected to drive higher demand for conveyor belts in India in the coming years.

Further, the report states that one of the major challenges being faced is the lack of technology upgradation. Use of traditional skills and dependence on foreign players for new technology has added to the lack of innovation in the market.

The key vendors dominating this market space are:

  • Phoenix Conveyor Belt India Pvt. Ltd.
  • Forech India Ltd.
  • Oriental Rubber Industries Ltd.
  • Somi Conveyor Beltings Ltd.

Other vendors mentioned in the report are:

  • Sempertrans Nirlon Ltd.
  • Fenner Conveyor Belting Pvt. Ltd.
  • Veyance Technologies Inc. (India)
  • International Conveyors Ltd.

Key Topics Covered:

01. Executive Summary

02. Scope of the Report

03. Market Research Methodology

04. List of Abbreviations

05. Introduction

06. Market Landscape

07. Conveyor Belt Trading Data for India

08. Market Segmentation by Applications

09. Market Segmentation by Product

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape

18. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/948gzt/conveyor_belt

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