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Chain Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global chain drives market reached a value of US$ 4.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2027, exhibiting at a CAGR of 3.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and end-user.

Breakup by Product Type:

 

 
 

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  • Roller Chains
  • Silent Chains 
  • Leaf Chains
  • Others
     

Breakup by End-User:

  • Industrial Sector
  • Heavy Equipment Industry
  • Agricultural Equipment Industry
  • Others
     

Breakup by Region:

 

 
 

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  • 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, Renold, Rexnord, SKF, The Timken Company, Tsubakimoto Chain Co., Brammer, John Kings Chains, Diamond Chain Company, Inc., Kraftmek, Ramsey Products Corporation, Rambo Chain, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Regal Beloit, Renold, Rexnord, SKF, The Timken Company, Tsubakimoto Chain Co., Brammer, John Kings Chains, Diamond Chain Company, Inc., Kraftmek, Ramsey Products Corporation and Rambo Chain
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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
        13.3.2    Renold
        13.3.3    Rexnord
        13.3.4    SKF
        13.3.5    The Timken Company
        13.3.6    Tsubakimoto Chain Co.
        13.3.7    Brammer
        13.3.8    John Kings Chains
        13.3.9    Diamond Chain Company, Inc.
        13.3.10      Kraftmek
        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$), 2016-2021
Figure 3: Global: Chain Drives Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Chain Drives Market: Breakup by End-User (in %), 2021
Figure 5: Global: Chain Drives Market: Breakup by Region (in %), 2021
Figure 6: Global: Chain Drives Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 11: Global: Chain Drives (Roller Chains) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Chain Drives (Silent Chains) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Chain Drives (Silent Chains) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Chain Drives (Leaf Chains) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Chain Drives (Leaf Chains) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Chain Drives (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Chain Drives (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Chain Drives (Industrial Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Chain Drives (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Chain Drives (Heavy Equipment Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Chain Drives (Heavy Equipment Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Chain Drives (Agricultural Equipment Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Chain Drives (Agricultural Equipment Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Chain Drives (Other End-Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Chain Drives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia Pacific: Chain Drives Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia Pacific: Chain Drives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Chain Drives Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Chain Drives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Europe: Chain Drives Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Europe: Chain Drives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Middle East and Africa: Chain Drives Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Middle East and Africa: Chain Drives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Latin America: Chain Drives Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Latin America: Chain Drives Market Forecast: Sales Value (in Million US$), 2022-2027


List of Tables

Table 1: Global: Chain Drives Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Chain Drives Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Chain Drives Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 4: Global: Chain Drives Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Chain Drives Market Structure
Table 6: Global: Chain Drives Market: Key Players

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Key Questions Answered in This Report

The global chain drives market was valued at US$ 4.9 Billion in 2021.

We expect the global chain drives market to exhibit a CAGR of 3.8% during 2022-2027.

The rising demand for chain drives in industrial applications for numerous purposes, such as rigging and
moving heavy materials and operating conveyor belts, is catalyzing the global chain drives market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of chain drivers
across diverse sectors, to automate numerous operations and limit human interaction for reducing the
risk of coronavirus infection.

Based on the product type, the global chain drives market has been segmented into roller chains, silent
chains, leaf chains, and others. Currently, roller chains hold the majority of the total market share.

Based on the end user, the global chain drives market can be divided into industrial sector, heavy
equipment industry, agricultural equipment industry, and others. Among these, industrial sector
accounts for the largest market share.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global chain drives market include Regal Beloit, Renold, Rexnord, SKF,
The Timken Company, Tsubakimoto Chain Co., Brammer, John Kings Chains, Diamond Chain Company,
Inc., Kraftmek, Ramsey Products Corporation, Rambo Chain, etc.

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