The forecast for the import of transmission belts of rubber to India indicates a steady growth trend from 2024 through 2028. The data shows an increase in import value from 18.135 million USD in 2024 to 20.082 million USD in 2028. In 2023, the value of imports stood at 17.64 million USD, marking a steady upward trajectory. The year-on-year growth is projected to be around 2.8% for 2025, 2.6% for 2026, 2.5% for 2027, and 2.4% for 2028. Over the five-year period, the compound annual growth rate (CAGR) is expected to be approximately 2.8%.

Future trends to watch for include:

Potential changes in demand due to economic factors impacting the automotive and industrial sectors.
Shifts in trade policies or import regulations affecting the Indian market.
The impact of technological advancements and alternatives to rubber transmission belts.