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Chain Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 107 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732927
The global chain drives market size reached US$ 5.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.3 Billion by 2028, exhibiting a CAGR of 3.58% during 2022-2028.

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.

The publisher'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:

The publisher 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 2023-2028. 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 2022?
2. What is the expected growth rate of the global chain drives market during 2023-2028?
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$), 2017-2022
Figure 3: Global: Chain Drives Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Chain Drives Market: Breakup by End-User (in %), 2022
Figure 5: Global: Chain Drives Market: Breakup by Region (in %), 2022
Figure 6: Global: Chain Drives Market Forecast: Sales Value (in Billion US$), 2023-2028
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$), 2017 & 2022
Figure 11: Global: Chain Drives (Roller Chains) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Chain Drives (Silent Chains) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Chain Drives (Silent Chains) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Chain Drives (Leaf Chains) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Chain Drives (Leaf Chains) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Chain Drives (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Chain Drives (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Chain Drives (Industrial Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Chain Drives (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Chain Drives (Heavy Equipment Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Chain Drives (Heavy Equipment Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Chain Drives (Agricultural Equipment Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Chain Drives (Agricultural Equipment Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Chain Drives (Other End-Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Chain Drives (Other End-Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Asia Pacific: Chain Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Asia Pacific: Chain Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Chain Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Chain Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Europe: Chain Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Europe: Chain Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Middle East and Africa: Chain Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Middle East and Africa: Chain Drives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Latin America: Chain Drives Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Latin America: Chain Drives Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables
Table 1: Global: Chain Drives Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Chain Drives Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Chain Drives Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 4: Global: Chain Drives Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Chain Drives Market Structure
Table 6: Global: Chain Drives Market: Key Players

Companies Mentioned

  • 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
  • Rambo Chain.

Methodology

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Table Information