PUBLISHER: IMARC | PRODUCT CODE: 1423290
PUBLISHER: IMARC | PRODUCT CODE: 1423290
Chain Drives Market Report by Product Type (Roller Chains, Silent Chains, Leaf Chains, and Others), End-User (Industrial Sector, Heavy Equipment Industry, Agricultural Equipment Industry, and Others), and Region 2024-2032
Abstract
The global chain drives market size reached US$ 5.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
A chain drive, also known as roller chain or transmission chain, is a power transmitting mechanism that consists of chain links meshed with the teeth of a sprocket gear. It is an instrument that is used to transmit speed and torque from the engine to the wheels using a looped chain, particularly in motorcycles and chain-driven vehicles and equipment. Chain drives are suitable for small lengths and operate at high velocity. Smooth and efficient functionality even in extreme temperatures, easy installation and resistance to water, oil, chemicals and sunlight are some of the key advantages of chain drives. They have wide industrial applications for various purposes such as rigging and moving heavy materials, and operating conveyor belts.
The increasing number of construction activities owing to rapid industrialization is the key factor driving the global market. Additionally, advancements in the automotive engineering sector and the implementation of innovative designs and technologies are also driving the demand for chain drives. Manufacturers are opting for mechanical units consisting of basic chain drives to ensure maximum utilization of resources and smooth operations. Furthermore, the rise in the demand for timing chain drives in the manufacturing industry along with the availability of efficient chain lubrication products and increasing automation in the end use industries are expected to catalyze the market growth. Other factors including product innovations, such as the development of roller chains, wide application of inverted tooth drive chains and the availability of low-cost raw materials are further expected to drive the market growth.
IMARC Group's latest report provides a deep insight into the global chain drives market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global chain drives market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chain drives market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type and end-user.
Breakup by Product Type:
Roller Chains
Silent Chains
Leaf Chains
Others
Breakup by End-User:
Industrial Sector
Heavy Equipment Industry
Agricultural Equipment Industry
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Regal Beloit Corporation, Renold PLC, Rexnord Industries, LLC, AB SKF, The Timken Company, Tsubakimoto Chain Group, Brammer PLC, John King Chains Ltd., Diamond Chain Company, Inc., Kraftmek Oy, Ramsey Products Corporation and Rambo Chain.
Key Questions Answered in This Report
- 1. What was the size of the global chain drives market in 2023?
- 2. What is the expected growth rate of the global chain drives market during 2024-2032?
- 3. What are the key factors driving the global chain drives market?
- 4. What has been the impact of COVID-19 on the global chain drives market?
- 5. What is the breakup of the global chain drives market based on the product type?
- 6. What is the breakup of the global chain drives market based on the end user?
- 7. What are the key regions in the global chain drives market?
- 8. Who are the key players/companies in the global chain drives market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Chain Drives Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by End-User
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 Market Breakup by Product Type
- 6.1 Roller Chains
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Silent Chains
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Leaf Chains
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by End-User
- 7.1 Industrial Sector
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Heavy Equipment Industry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Agricultural Equipment Industry
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 Asia Pacific
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 North America
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Europe
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Regal Beloit Corporation
- 13.3.2 Renold PLC
- 13.3.3 Rexnord Industries, LLC
- 13.3.4 AB SKF
- 13.3.5 The Timken Company
- 13.3.6 Tsubakimoto Chain Group
- 13.3.7 Brammer PLC
- 13.3.8 John King Chains Ltd.
- 13.3.9 Diamond Chain Company, Inc.
- 13.3.10 Kraftmek Oy
- 13.3.11 Ramsey Products Corporation
- 13.3.12 Rambo Chain
List of Figures
- Figure 1: Global: Chain Drives Market: Major Drivers and Challenges
- Figure 2: Global: Chain Drives Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Chain Drives Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Chain Drives Market: Breakup by End-User (in %), 2023
- Figure 5: Global: Chain Drives Market: Breakup by Region (in %), 2023
- Figure 6: Global: Chain Drives Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 7: Global: Chain Drives Industry: SWOT Analysis
- Figure 8: Global: Chain Drives Industry: Value Chain Analysis
- Figure 9: Global: Chain Drives Industry: Porter's Five Forces Analysis
- Figure 10: Global: Chain Drives (Roller Chains) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Chain Drives (Roller Chains) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Chain Drives (Silent Chains) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Chain Drives (Silent Chains) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Chain Drives (Leaf Chains) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Chain Drives (Leaf Chains) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Chain Drives (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Chain Drives (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Chain Drives (Industrial Sector) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Chain Drives (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Chain Drives (Heavy Equipment Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Chain Drives (Heavy Equipment Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Chain Drives (Agricultural Equipment Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Chain Drives (Agricultural Equipment Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Chain Drives (Other End-Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Chain Drives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Asia Pacific: Chain Drives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Asia Pacific: Chain Drives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Chain Drives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Chain Drives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Europe: Chain Drives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Europe: Chain Drives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Middle East and Africa: Chain Drives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Middle East and Africa: Chain Drives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Latin America: Chain Drives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Latin America: Chain Drives Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
- Table 1: Global: Chain Drives Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Chain Drives Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Chain Drives Market Forecast: Breakup by End-User (in Million US$), 2024-2032
- Table 4: Global: Chain Drives Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Chain Drives Market Structure
- Table 6: Global: Chain Drives Market: Key Players
