The global chain drives market is likely to grow at a CAGR of 5.1% during the forecast period 2017–2022
Chain Drives Market – Report Insights
Chain drives are one of the most effective channels to transmit power over a distance. They involve the transmission of power through the use of chains, passing over a sprocket or a gear, with the latter’s teeth meshing with the holes in the links of the chains. These were traditionally used in the bicycle industry. They have evolved gradually and are now used in various applications related to power transmission in industrial machinery, automobiles, usage in bulk material transport, and deployment in escalators and theme parks.
Scope of the Report
The report “Global Chain Drives Market – Strategic Assessment and Forecast 2017–2022,” considers the present scenario of the global chain drives market and its strategic assessment for the period 2017–2022. It also includes a detailed study of growth drivers, trends, and restraints. The report also includes the leading five vendors in the market and other key vendors.
The report provides the analysis of the key segments of the market by type, end-user segment, geography, country, and vendors. It provides a detailed analysis of revenue from various segments:
- Transmission Chains
- Roller chains
- Detachable chains
- Silent chains
- Leaf chains
- Conveyor Chains
- Sprockets and other parts
- Industrial machinery
- Theme parks
- Pulp and paper
- Latin America
- North America
Chain Drives Market – Market Size and Dynamics
Analysts at Beige Market Intelligence expect that the global chain drives market to grow at an impressive CAGR of 5.1% during the forecast period. Increased demand for chain drives, especially in the automotive, heavy duty power tools, and theme parks sectors is playing a key role in the growth of the market. A well-connected distribution network of major vendors and the rise in e-commerce are enabling easy and cheap availability of a wide range of accessories and components of chain drives. The conveyor chain segment constitutes the largest market share in the global chain drives market, followed by the transmission chain segment. The automotive and industrial machinery sectors are key end-user segments in the market with revenue share of more than 50%.
Chain Drives Market – Drivers, Trends, and Challenges
The report includes a detailed study of emerging trends, factors driving the growth, and expected challenges of the market during the period 2017–2022. Strategic shift of locations in the global automobile manufacturing landscape is one of the emerging trends in the market. There has been a strategic shift in the global automotive manufacturing landscape, where the traditional market leaders such as the US, South Korea, and Japan gradually are being overtaken by emerging countries such as Mexico, India, China, Thailand, and Indonesia. Hence, the shift in location of automobile manufacturers has resulted in the expansion and shifting of the chain drives manufacturers as well as component suppliers. Portfolio diversification and strategic partnership distribution among vendors are other major trends which are catalyzing the growth of the market. The report includes a comprehensive study of the various factors driving the growth of the market.
Chain Drives Market – Geographical Analysis
The report includes the market analysis of different regions such as North America, Latin America, APAC, and EMEA. It outlines the major market share holders and the market size analysis of all the regions. The US is the world’s largest market for chain drives driven by a high degree of mechanization, better availability of range and awareness. The chain drives market in US is expected to grow at a CAGR of 5% during the forecast period.
China despite being the second largest market for chain drives is the largest manufacturer and exporter to other geographies. The country is among the fastest growing market for chain drives. APAC is expected to contribute the maximum revenue toward the global chain drives market.
Chain Drives Market – Key Vendors and Market Share
This market research report profiles the major companies in the market and provides the competitive landscape and market share of key players. It covers the entire market outlook regarding the value chain operating in the market.
Key vendors included in the report are as following:
Other vendors include Timken, Tyma, Brammer, Diamond Chain, Ramsey Chain, John King Chains, Wippermann, Suzhou Universal Group, Chiaravalli Group, and Ewart Chain.
Why should you buy the report?
The report provides answers to the following questions related to the global chain drives market.
- What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
- What are the various factors that can affect the market over the next few years?
- What are the major emerging trends and challenges for the market over the next five years?
- What is the market size and market forecast for each product segment?
- What is the market size and market forecast for each end-user type?
- Which region is expected to have the highest market share and what are the factors driving the market growth in that region?
- What is the sale growth rate in key geographies?
- Which are the key countries in terms of market size and market forecast?
- Which are the key vendors in the market?
- What are the key strategies implemented by the leading vendors to increase growth opportunities?
- Which are the key emerging vendors in the market?