Market Overview:
The global industrial sprockets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial sprockets from various end-use industries, such as automotive, electronics, aerospace and defense, metal fabrication industry, and industrial machinery. Steel material is expected to be the most dominant type segment in the global industrial sprockets market during the forecast period. Asia Pacific is expected to be the fastest growing region in terms of CAGR during the forecast period.
Product Definition:
Sprockets are a type of wheel that has teeth around the edge, which fit into corresponding grooves on a track or chain. They are used to transmit motion and power from one part of a machine to another.
Steel Material:
Sprocket steel material is used in the manufacturing of industrial sprockets. The global market for sprocket steel material is expected to witness significant growth owing to increasing demand from the automotive industry.
The growing automotive industry coupled with rising demand for commercial vehicles across major economies such as India, China, and Brazil are likely to augment market growth over the forecast period.
Aluminum Material:
Aluminum is a silvery-white metal that is strong, lightweight and has the highest density of any metal. It has a close resemblance in physical properties to iron but at triple the temperature. It can be alloyed with various other metals to improve specific characteristics such as strength or weight. The most common alloys include aluminum-steel (AS), aluminum-aluminum (AA) and steel-aluminum (SA).
Application Insights:
The automotive application segment accounted for the largest revenue share of over 40% in 2017. The global demand for sprockets is increasing owing to their use in various automotive components including transmission, engine, body structure and powertrain. In addition, growing emphasis on fuel efficiency and reduction in vehicle weight has resulted in an increased demand for aluminum sprocket products.
Automotive applications include both passenger cars as well as heavy-duty vehicles (HDVs). HDVs are characterized by higher torque requirements which necessitate the use of high strength steel or alloy sprocket products. On the other hand, light commercial vehicles such as mini trucks and van require lower cost plastic or composite materials due to their lighter weight compared to HDVs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as rapid industrialization, urbanization and increasing population.
China has emerged as a major manufacturing hub for automotive components and other consumer goods due to cheap labor costs along with easy availability of raw materials at cheaper prices compared to developed regions in Europe or North America. This trend is expected to continue over the next eight years due high demand from end-use industries across Asia Pacific region sprockets market demand from key sectors such as automotive industry electronics industry aerospace & defense).
The European regional market accounted for more than 20% of global revenue share in 2017 on account of growing metal fabrication industry across Germany Italy France Spain U.K., etc.).
Growth Factors:
- Increasing demand from the automotive and engineering industries for high-quality sprockets
- Growing popularity of industrial sprockets among Original Equipment Manufacturers (OEMs)
- Rising investments in research and development by leading players to develop innovative products
- Proliferation of online marketplaces that offer a wide range of industrial sprockets at competitive prices
- Emergence of new applications for industrial sprockets in sectors such as agriculture, food processing, and packaging
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Sprockets Market Research Report
By Type
Steel Material, Aluminum Material, Other
By Application
Automotive, Electronics, Aerospace And Defense, Metal Fabrication Industry, Industrial Machinery
By Companies
Tsubaki, Martin Sprocket & Gear, SCS, Katayama, Linn Gear, SKF, Renold, Renqiu Chuangyi, G&G Manufacturing, Allied Locke, Xinghua Donghua Gear, WM Berg, Ravi Transmission, Precision Gears, ABL Products, Sit S.p.A, B&B Manufacturing, Van Zeeland, Amec, Maurey
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Sprockets Market Report Segments:
The global Industrial Sprockets market is segmented on the basis of:
Types
Steel Material, Aluminum Material, Other
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
Automotive, Electronics, Aerospace And Defense, Metal Fabrication Industry, Industrial Machinery
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:
- Tsubaki
- Martin Sprocket & Gear
- SCS
- Katayama
- Linn Gear
- SKF
- Renold
- Renqiu Chuangyi
- G&G Manufacturing
- Allied Locke
- Xinghua Donghua Gear
- WM Berg
- Ravi Transmission
- Precision Gears
- ABL Products
- Sit S.p.A
- B&B Manufacturing
- Van Zeeland
- Amec
- Maurey
Highlights of The Industrial 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:
- Steel Material
- Aluminum Material
- Other
- By Application:
- Automotive
- Electronics
- Aerospace And Defense
- Metal Fabrication Industry
- Industrial Machinery
- 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 Industrial 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
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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?
Industrial sprockets are used in a variety of industrial applications, such as manufacturing and construction. They are also used in agriculture, where they help to turn gears or rotors.
Some of the major companies in the industrial sprockets market are Tsubaki, Martin Sprocket & Gear, SCS, Katayama, Linn Gear, SKF, Renold, Renqiu Chuangyi, G&G Manufacturing, Allied Locke, Xinghua Donghua Gear, WM Berg, Ravi Transmission, Precision Gears, ABL Products, Sit S.p.A, B&B Manufacturing, Van Zeeland, Amec, Maurey.
The industrial sprockets market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial 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 Industrial Sprockets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial 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 Industrial 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 Industrial Sprockets Market Size & Forecast, 2018-2028
4.5.1 Industrial Sprockets Market Size and Y-o-Y Growth
4.5.2 Industrial Sprockets Market Absolute $ Opportunity
Chapter 5 Global Industrial Sprockets 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 Industrial Sprockets Market Size Forecast by Type
5.2.1 Steel Material
5.2.2 Aluminum Material
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Sprockets 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 Industrial Sprockets Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Electronics
6.2.3 Aerospace And Defense
6.2.4 Metal Fabrication Industry
6.2.5 Industrial Machinery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial 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 Industrial 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 Industrial Sprockets Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Sprockets 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 Industrial Sprockets Market Size Forecast by Type
9.6.1 Steel Material
9.6.2 Aluminum Material
9.6.3 Other
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 Industrial Sprockets Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Electronics
9.10.3 Aerospace And Defense
9.10.4 Metal Fabrication Industry
9.10.5 Industrial Machinery
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 Industrial Sprockets Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Sprockets 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 Industrial Sprockets Market Size Forecast by Type
10.6.1 Steel Material
10.6.2 Aluminum Material
10.6.3 Other
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 Industrial Sprockets Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Electronics
10.10.3 Aerospace And Defense
10.10.4 Metal Fabrication Industry
10.10.5 Industrial Machinery
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 Industrial Sprockets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Sprockets 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 Industrial Sprockets Market Size Forecast by Type
11.6.1 Steel Material
11.6.2 Aluminum Material
11.6.3 Other
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 Industrial Sprockets Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Electronics
11.10.3 Aerospace And Defense
11.10.4 Metal Fabrication Industry
11.10.5 Industrial Machinery
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 Industrial Sprockets Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Sprockets 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 Industrial Sprockets Market Size Forecast by Type
12.6.1 Steel Material
12.6.2 Aluminum Material
12.6.3 Other
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 Industrial Sprockets Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Electronics
12.10.3 Aerospace And Defense
12.10.4 Metal Fabrication Industry
12.10.5 Industrial Machinery
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) Industrial Sprockets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Sprockets 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) Industrial Sprockets Market Size Forecast by Type
13.6.1 Steel Material
13.6.2 Aluminum Material
13.6.3 Other
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) Industrial Sprockets Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Electronics
13.10.3 Aerospace And Defense
13.10.4 Metal Fabrication Industry
13.10.5 Industrial Machinery
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 Industrial Sprockets Market: Competitive Dashboard
14.2 Global Industrial Sprockets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tsubaki
14.3.2 Martin Sprocket & Gear
14.3.3 SCS
14.3.4 Katayama
14.3.5 Linn Gear
14.3.6 SKF
14.3.7 Renold
14.3.8 Renqiu Chuangyi
14.3.9 G&G Manufacturing
14.3.10 Allied Locke
14.3.11 Xinghua Donghua Gear
14.3.12 WM Berg
14.3.13 Ravi Transmission
14.3.14 Precision Gears
14.3.15 ABL Products
14.3.16 Sit S.p.A
14.3.17 B&B Manufacturing
14.3.18 Van Zeeland
14.3.19 Amec
14.3.20 Maurey
