Market Overview:
The global chains and sprockets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for chains and sprockets from the heavy industry, automotive industry, electronics and semiconductor industry, machine tools industry, and construction industry applications. Additionally, the growing demand for high-quality chains and sprockets across different regions is also contributing to the growth of this market.
Product Definition:
Chains and sprockets are used to transmit power from a motor to the wheels of a vehicle. A chain is wrapped around the sprocket, which is attached to the wheel. When the motor turns, it rotates the sprocket, which in turn spins the wheel. Chains and sprockets are important for transmitting power from a motor to a vehicle's wheels.
Chains:
Chains and sprockets are used in various industries including agriculture, construction, mining and transportation. The growth factor for chains market is increasing the demand from the emerging economies of Asia Pacific such as India and China. Sprockets are widely used in automotive industry to transmit power transmission from engine to drive wheels by means of chain-driven transmissions.
Sprockets:
Sprockets are metal cylindrical units mounted on a common axis. There are different types of sprockets such as inter-sprocket, int-sprocket, etc., used in chains and sprockets market depending upon the application. Sprocket is an integral part of the chain and it helps to keep the correct tension on all links at once. It also provides better resistance to breakage due to its high strength.
Application Insights:
The heavy industry segment dominated the global chains and sprockets market in 2017, accounting for a revenue share of over 35%. The growth can be attributed to the increasing demand for steel from various industries including construction, automotive, machine tools and electronics. In addition, factors such as low cost land along with easy access to raw materials has led to an increase in industrialization in developing countries which is also supporting segment growth.
Automotive industry accounted for a significant share owing to high product demand due to its lightweight properties. Moreover, stringent regulations regarding pollution control is further driving the need for environment-friendly products which are expected to fuel product demand over the forecast period. Electronics & semiconductor industry also accounted for a significant share owingto high product consumption during production of electronic devices & components mainly because it plays an important rolein reducing weight by half or more compared with conventional metal parts used as spacers between integrated circuits (ICs).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing foreign investments in developing countries such as China, India, and Japan. For instance, according to a recent study by UNCTAD, FDI inflows into Asia Pacific economies grew from USD X billion in 2004 to USD X trillion in 2014 accounting for a rise of 791%. Such high levels of FDI are anticipated to create new avenues for sprockets manufacturers over the coming years.
The European market is also estimated to witness significant growth during the same period owing with growing machine tools industry which requires chains and sprockets at higher speeds along with rapid technological advancements across several manufacturing industries including automotive sector. Moreover North America witnessed healthy growth rates owing with increased construction activities especially after hurricanes Katrina & Rita which resulted into huge demand for heavy equipment such as bulldozers and excavators thus propelling product demand further.
Growth Factors:
- Increasing demand from the automotive industry for chains and sprockets as they are used in various applications such as power transmission, braking, and steering systems.
- Growing popularity of electric vehicles which require chains and sprockets for efficient power transmission.
- Rising demand for conveyor belts in food & beverage, mining, and other industries which is expected to boost the growth of chains and sprockets market over the forecast period.
- Technological advancements in chain manufacturing processes that have resulted in development of high-quality products with enhanced performance characteristics. This is likely to fuel the growth of chains and sprockets market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Chains and Sprockets Market Research Report
By Type
Chains, Sprockets
By Application
Heavy industry, Automotive industry, Electronics and semiconductor industry, Machine tools industry, Construction industry
By Companies
Regal Beloit, Renold, Rexnord, Timken, TSUBAKIMOTO CHAIN, ABB, Allied Locke Industries, Bea Ingranaggi, Chiaravalli Group, Diamond Chain Company, Regal Beloit
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Chains and Sprockets Market Report Segments:
The global Chains and Sprockets market is segmented on the basis of:
Types
Chains, Sprockets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Heavy industry, Automotive industry, Electronics and semiconductor industry, Machine tools industry, Construction industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Regal Beloit
- Renold
- Rexnord
- Timken
- TSUBAKIMOTO CHAIN
- ABB
- Allied Locke Industries
- Bea Ingranaggi
- Chiaravalli Group
- Diamond Chain Company
- Regal Beloit
Highlights of The Chains and Sprockets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chains
- Sprockets
- By Application:
- Heavy industry
- Automotive industry
- Electronics and semiconductor industry
- Machine tools industry
- Construction industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chains and Sprockets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chains and sprockets are two types of gears that work together to move a machine. Chains link the sprockets together, and the sprockets rotate around the chains. This motion allows the machine to move forward or backward.
Some of the major companies in the chains and sprockets market are Regal Beloit, Renold, Rexnord, Timken, TSUBAKIMOTO CHAIN, ABB, Allied Locke Industries, Bea Ingranaggi, Chiaravalli Group, Diamond Chain Company, Regal Beloit.
The chains and sprockets market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chains and Sprockets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chains and Sprockets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chains and Sprockets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chains and Sprockets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chains and Sprockets Market Size & Forecast, 2020-2028
4.5.1 Chains and Sprockets Market Size and Y-o-Y Growth
4.5.2 Chains and Sprockets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chains
5.2.2 Sprockets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Heavy industry
6.2.2 Automotive industry
6.2.3 Electronics and semiconductor industry
6.2.4 Machine tools industry
6.2.5 Construction industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chains and Sprockets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chains and Sprockets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chains
9.6.2 Sprockets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Heavy industry
9.10.2 Automotive industry
9.10.3 Electronics and semiconductor industry
9.10.4 Machine tools industry
9.10.5 Construction industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chains
10.6.2 Sprockets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Heavy industry
10.10.2 Automotive industry
10.10.3 Electronics and semiconductor industry
10.10.4 Machine tools industry
10.10.5 Construction industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chains
11.6.2 Sprockets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Heavy industry
11.10.2 Automotive industry
11.10.3 Electronics and semiconductor industry
11.10.4 Machine tools industry
11.10.5 Construction industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chains
12.6.2 Sprockets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Heavy industry
12.10.2 Automotive industry
12.10.3 Electronics and semiconductor industry
12.10.4 Machine tools industry
12.10.5 Construction industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chains
13.6.2 Sprockets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Heavy industry
13.10.2 Automotive industry
13.10.3 Electronics and semiconductor industry
13.10.4 Machine tools industry
13.10.5 Construction industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chains and Sprockets Market: Competitive Dashboard
14.2 Global Chains and Sprockets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Regal Beloit
14.3.2 Renold
14.3.3 Rexnord
14.3.4 Timken
14.3.5 TSUBAKIMOTO CHAIN
14.3.6 ABB
14.3.7 Allied Locke Industries
14.3.8 Bea Ingranaggi
14.3.9 Chiaravalli Group
14.3.10 Diamond Chain Company
14.3.11 Regal Beloit
