Market Overview:
The global sprocket 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 sprockets from various end-use industries, such as automotive, construction, and agriculture. In addition, the growing demand for belt drive systems and chain drive systems is also contributing to the growth of the global sprocket market. Based on type, stainless steel sprockets are expected to lead the global sprocket market during the forecast period. This can be attributed to their properties such as corrosion resistance and durability.
Product Definition:
A sprocket is a cogwheel-like device that helps to rotate the chain on a bicycle, motorcycle, or similar vehicle.
Stainless Steel Sprocket:
Stainless steel sprocket is a key component in the automotive industry. It's major application includes gear reduction, which is used to reduce speed in various vehicles such as motorcycles and bicycles. The growing trend of using stainless steel products for manufacturing gears has been driving the market globally.
The global stainless steel sprocket market size was valued at USD 575 million in 2015.
Aluminum Sprocket:
Aluminum sprocket is a type of gear used in the transmission of power from one machine to another. It is also known as a transfer gear or inter-gear. The aluminum sprocket can be categorized into two types: Fluid Aluminum Sprockets (FAS) and Solid Aluminum Sprockets (SAS). FAS has more teeth than SAS, which results in higher torque at low speeds and better fuel efficiency.
Application Insights:
Belt drive systems was the dominant application segment in the global sprocket market, accounting for over 60% of the overall revenue share in 2017. The sprocket is an important component of a belt drive system as it provides guidance to the chain and helps keep it from jumping off track. As a result, manufacturers are focusing on increasing their product offering for use in belt drive systems to gain a competitive edge.
The chain drive system application segment is expected to witness significant growth over the forecast period owing to its growing popularity among vehicle manufacturers as they seek ways of reducing vehicle weight while maintaining safety standards and fuel efficiency targets set by governments across various regions around the world. In addition, increasing demand for small engine vehicles due to rising disposable income levels coupled with changing lifestyles has led many consumers towards purchasing such products online without having them installed at home or nearest service station which has further driven demand globally over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for various types of sprockets from countries such as China, India, Japan, and South Korea. These countries are involved in extensive industrialization that has led to an increase in production activities across a broad range of industries including automotive, construction equipment manufacturing sector among others.
The Asia Pacific regional market is also characterized by growing investments from international companies who aim at tapping into lucrative opportunities present across this region.
Growth Factors:
- Increasing demand for lightweight and durable bicycles
- Rising popularity of cycling as a mode of transportation
- Growing number of cycling enthusiasts and hobbyists
- Proliferation of e-commerce platforms that sell bicycles and bicycle parts and accessories
- Government initiatives to promote cycling as a means of reducing traffic congestion and pollution
Scope Of The Report
Report Attributes
Report Details
Report Title
Sprocket Market Research Report
By Type
Stainless Steel Sprocket, Aluminum Sprocket, Others
By Application
Belt Drive Systems, Chain Drive Systems
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
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Sprocket Market Report Segments:
The global Sprocket market is segmented on the basis of:
Types
Stainless Steel Sprocket, Aluminum Sprocket, Others
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
Belt Drive Systems, Chain Drive Systems
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
Highlights of The Sprocket 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:
- Stainless Steel Sprocket
- Aluminum Sprocket
- Others
- By Application:
- Belt Drive Systems
- Chain Drive Systems
- 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 Sprocket 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?
Sprocket is a web-based tool that helps you create and share custom content with your followers on Twitter.
Some of the major companies in the sprocket 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.
The sprocket market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sprocket Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sprocket Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sprocket Market - Supply Chain
4.5. Global Sprocket Market Forecast
4.5.1. Sprocket Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sprocket Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sprocket Market Absolute $ Opportunity
5. Global Sprocket Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sprocket Market Size and Volume Forecast by Type
5.3.1. Stainless Steel Sprocket
5.3.2. Aluminum Sprocket
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sprocket Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sprocket Market Size and Volume Forecast by Application
6.3.1. Belt Drive Systems
6.3.2. Chain Drive Systems
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sprocket Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sprocket Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sprocket Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sprocket Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sprocket Demand Share Forecast, 2019-2029
9. North America Sprocket Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sprocket Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sprocket Market Size and Volume Forecast by Application
9.4.1. Belt Drive Systems
9.4.2. Chain Drive Systems
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sprocket Market Size and Volume Forecast by Type
9.7.1. Stainless Steel Sprocket
9.7.2. Aluminum Sprocket
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sprocket Demand Share Forecast, 2019-2029
10. Latin America Sprocket Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sprocket Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sprocket Market Size and Volume Forecast by Application
10.4.1. Belt Drive Systems
10.4.2. Chain Drive Systems
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sprocket Market Size and Volume Forecast by Type
10.7.1. Stainless Steel Sprocket
10.7.2. Aluminum Sprocket
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sprocket Demand Share Forecast, 2019-2029
11. Europe Sprocket Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sprocket Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sprocket Market Size and Volume Forecast by Application
11.4.1. Belt Drive Systems
11.4.2. Chain Drive Systems
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sprocket Market Size and Volume Forecast by Type
11.7.1. Stainless Steel Sprocket
11.7.2. Aluminum Sprocket
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
1.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sprocket Demand Share, 2019-2029
12. Asia Pacific Sprocket Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sprocket Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sprocket Market Size and Volume Forecast by Application
12.4.1. Belt Drive Systems
12.4.2. Chain Drive Systems
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sprocket Market Size and Volume Forecast by Type
12.7.1. Stainless Steel Sprocket
12.7.2. Aluminum Sprocket
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sprocket Demand Share, 2019-2029
13. Middle East & Africa Sprocket Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sprocket Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sprocket Market Size and Volume Forecast by Application
13.4.1. Belt Drive Systems
13.4.2. Chain Drive Systems
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sprocket Market Size and Volume Forecast by Type
13.7.1. Stainless Steel Sprocket
13.7.2. Aluminum Sprocket
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sprocket Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Sprocket Market: Market Share Analysis
14.2. Sprocket Distributors and Customers
14.3. Sprocket Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tsubaki
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Martin Sprocket & Gear
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SCS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Katayama
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Linn Gear
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SKF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Renold
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Renqiu Chuangyi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. G&G Manufacturing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Allied Locke
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Xinghua Donghua Gear
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WM Berg
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ravi Transmission
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Precision Gears
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ABL Products
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sit S.p.A
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. B&B Manufacturing
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
