PUBLISHER: Allied Market Research | PRODUCT CODE: 1140253
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140253
The global industrial roller chain drive market size was valued at $2,810.3 million in 2021, and is projected to reach $4,076.6 million by 2031, registering a CAGR of 3.6% from 2022 to 2031. Industrial roller chain drives are industrial components that comprise a roller chain, a driving sprocket, and a driven sprocket. It is used for transferring mechanical motion from one machine to other, which are located at a distance.
Industrial roller chain drive is available in a wide range of sizes and specifications and type in the market, thereby making it usable for a wide range of applications such as power transmission and conveyor systems.
Rise in disposable income of people across the world play a vital role in increasing demand for manufactured products; thus, helping the manufacturing sector to rise. Moreover, rapid rise in population across the world has increased demand for energy; thereby, driving demand in the mining sector. In addition, rise in global trade has significantly increased demand for hoisting and hauling and other material handling sectors. All the above-mentioned sectors make extensive use of industrial roller chain drives for mechanical power transmission purpose and for other purposes. Thus, rising trend in these industries is expected to drive demand for industrial roller chain drives.
The global industrial roller chain drive market is segmented on the basis of type, application, end user, and region. By type, the market is categorized into single-strand chain, double-pitch chain, multi-strand chain, and others. On the basis of application, it is categorized into power transmission, conveyor, and hoisting & hauling. On the basis of end user, it is categorized into manufacturing, mining, material handling, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific dominated the market in 2021, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to availability of a large manufacturing industry in the region.
Competition Analysis
Key companies profiled in the industrial roller chain drive market report include AB SKF, Allied-Locke Industries, Diamond Chain Company Inc., Ewart Agri Services Ltd., iwis, HKK Chain Corporation John King Chains Ltd., KettenWulf Betriebs GmbH, Martin Sprocket & Gear Inc, Peer chain, Ramsey Products Corporation, Regal Rexnord Corporation, Renold plc, Rubix,, Tripcon Engineering Pvt. Ltd., Tsubakimoto Chain Co., and Wippermann Jr. GmbH.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Application
By End User Industry
By Region