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Replacement of belt drive is acting as a growth driver for belt drive market. The improper use of belt drives in an industrial application results in more wear and tear of the belt. Due to this, the replacement of belt drives installed in industrial equipment becomes necessary. The major challenge for belt drive market is coming from adoption of electrical motors and drives in industrial application. Industrial consumers are finding new ways to reduce power consumption in their daily processes. They are switching to advanced power transmission systems such as electrical motors and drives which provide energy efficiency than belt drive systems. However, the low cost and easy availability of belt drive systems is proving a competitive edge over electrical motors and drives. Belt drive manufacturers need to invest in improving belt drive design to withstand in the market. Belt drive mainly finds its application in industrial machinery, automobiles, agriculture, oil refineries and mining industry.
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