Industrial Chain Drives Market Size to Grow by USD 824.75 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The Global Industrial Chain Drives Market share is set to increase by USD 824.75 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 3.59% as per the latest market forecast report by Technavio. The market will also record a 3.27% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!

Global Industrial Chain Drives Market Parent Market Analysis

Technavio categorizes the global industrial chain drives market as a part of the global industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components, including presses, compressors, machine tools, elevators, escalators, insulators, pollution control equipment, roller bearings, pumps, and other metal fabrications. This market is expected to grow at a moderate pace. Technavio calculates the global industrial machinery market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment. 

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Global Industrial Chain Drives Market Characteristics with Five Forces–

The Global Industrial Chain Drives Market is fragmented, and the five forces analysis by Technavio gives the accurate vision –

  • Bargaining Power of Buyers
  • The threat of New Entrants
  • Threat of Rivalry
  • Bargaining Power of Suppliers
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Global Industrial Chain Drives Market – Customer Landscape  
  • The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
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Global Industrial Chain Drives MarketSegmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Industrial Chain Drives Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Industrial Chain Drives Market size and actionable market understandings.

Regional Highlights

  • APAC is the fastest-growing region in the global industrial chain drives market compared to other regions. 64% growth will originate from this region. APAC is experiencing rapid economic growth. India and China are the key countries for the growth of the industrial chain drives market in APAC. SMEs in Asian countries will play a vital role in increasing the demand for industrial chain drives, along with the growth of cost-effective industrial chain drive products.

Type Segment Overview

  • The Global Industrial Chain Drives Market as per end-user segmentation is categorized into Industrial Sector and Agricultural Sector.
  • Revenue Generating Segment - The industrial chain drives market share growth by the industrial sector segment will be significant during the forecast period. The industrial sector covers industrial chain drives that are used in industrial machinery. These include those that are used in mobile and non-mobile applications. The industries covered under the industrial sector are chemical and petrochemical, oil and gas, metals and mining, food and beverage, cement, paper and pulp, and fertilizer.

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Global Industrial Chain Drives Market – Market Dynamics

Major Driver Boosting the Market

  • Growing end-user investments in APAC are driving the global industrial chain drives market growth.
  • The availability of low-cost raw materials, demographic conditions, the easy availability of labor resources, high demand for industrial products, and low manufacturing costs are driving market growth in Asia. Moreover, low manufacturing costs in Asia have encouraged end-users from developed regions to invest in new projects. The growing number of projects in end-user industries helps manufacturers in APAC gain a competitive edge.

Major trends influencing the growth of the market

  • The rise in M&A is a key trend in the global industrial chain drives market.
  • Industrial chain and sprocket manufacturers are expanding their businesses in developing countries through investments in new ventures to enhance revenue growth and provide advanced chain drives.
  • Some international vendors are entering into strategic alliances and partnerships with local vendors. Such partnerships are expected to increase during the forecast period and strengthen market growth. 

Major Challenges interrupting the market growth

  • The high costs related to lubrication and related services are challenging the global industrial chain drives market growth.
  • In addition, improper chain lubrication can lead to an increase in friction and link wear, which, increases energy consumption and leads to breakdowns, thus resulting in production losses.
  • Thus, cost and physical challenges, especially those related to lubrication for chains, are high in offshore oil and gas and mining applications. The high cost of servicing or replacing damaged chains and the long maintenance hours increase costs and reduce the profits of end-users.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.

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Industrial Chain Drives Market 2023-2027: Key Highlights
  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will assist industrial chain drives market growth during the next five years
  • Estimation of the industrial chain drives market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial chain drives market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the industrial chain drives market vendors

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  • The industrial gear motors and drives market is projected to grow by USD 4.76 billion with a CAGR of 5.33% during the forecast period 2021 to 2026. The market is segmented by end-user (material handling, food and beverages, wind power, chemicals and oil and gas, and others), type (standard geared products and precision geared products), and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

Industrial Chain Drives Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.59%

Market growth 2023-2027

USD 824.75 million

Market structure

Fragmented

YoY growth (%)

3.27

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 64%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AB SKF, Chiaravalli Group Spa, Cross Morse, Daido Steel Co. Ltd., Ditton pievadkezu rupnica AS, Dunbelt Bearings and Transmissions SA., Industrias YUK S.A., KettenWulf Betriebs GmbH, LEWCO Inc., Martin Sprocket & Gear Inc., Ramsey Products Corp., Regal Rexnord Corp., Renold Plc, Rubix Group Holdings Ltd., The Timken Co., Tsubakimoto Chain Co., Tube Investments of India Ltd., Webster Industries Inc., and Wippermann junior GmbH

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Industrial Machinery Market Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global industrial chain drives market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global industrial chain drives market 2017 - 2021 ($ million)
  • 4.2 End-user Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
  • 4.3 Product type Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Product type Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

  • 6.1 Market segments 
    • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 32: Chart on Comparison by End-user
    • Exhibit 33: Data Table on Comparison by End-user
  • 6.3 Industrial sector - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Industrial sector - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Industrial sector - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Industrial sector - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Industrial sector - Year-over-year growth 2022-2027 (%)
  • 6.4 Agricultural sector - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Agricultural sector - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Agricultural sector - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Agricultural sector - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Agricultural sector - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by End-user 
    • Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Product Type

  • 7.1 Market segments 
    • Exhibit 43: Chart on Product Type - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Product Type - Market share 2022-2027 (%)
  • 7.2 Comparison by Product Type 
    • Exhibit 45: Chart on Comparison by Product Type
    • Exhibit 46: Data Table on Comparison by Product Type
  • 7.3 Roller chains - Market size and forecast 2022-2027
    • Exhibit 47: Chart on Roller chains - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Roller chains - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Roller chains - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Roller chains - Year-over-year growth 2022-2027 (%)
  • 7.4 Silent chains - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Silent chains - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Silent chains - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Silent chains - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Silent chains - Year-over-year growth 2022-2027 (%)
  • 7.5 Leaf chains - Market size and forecast 2022-2027
    • Exhibit 55: Chart on Leaf chains - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Leaf chains - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Leaf chains - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Leaf chains - Year-over-year growth 2022-2027 (%)
  • 7.6 Others - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 7.7 Market opportunity by Product Type 
    • Exhibit 63: Market opportunity by Product Type ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 67: Chart on Geographic comparison
    • Exhibit 68: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027
    • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 India - Market size and forecast 2022-2027
    • Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027
    • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 Canada - Market size and forecast 2022-2027
    • Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 112: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 113: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 114: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 115: Matrix on vendor position and classification
  • 12.3 AB SKF 
    • Exhibit 116: AB SKF - Overview
    • Exhibit 117: AB SKF - Business segments
    • Exhibit 118: AB SKF - Key news
    • Exhibit 119: AB SKF - Key offerings
    • Exhibit 120: AB SKF - Segment focus
  • 12.4 Chiaravalli Group Spa 
    • Exhibit 121: Chiaravalli Group Spa - Overview
    • Exhibit 122: Chiaravalli Group Spa - Product / Service
    • Exhibit 123: Chiaravalli Group Spa - Key offerings
  • 12.5 Cross Morse 
    • Exhibit 124: Cross Morse - Overview
    • Exhibit 125: Cross Morse - Product / Service
    • Exhibit 126: Cross Morse - Key offerings
  • 12.6 Daido Steel Co. Ltd. 
    • Exhibit 127: Daido Steel Co. Ltd. - Overview
    • Exhibit 128: Daido Steel Co. Ltd. - Business segments
    • Exhibit 129: Daido Steel Co. Ltd. - Key offerings
    • Exhibit 130: Daido Steel Co. Ltd. - Segment focus
  • 12.7 Ditton pievadkezu rupnica 
    • Exhibit 131: Ditton pievadkezu rupnica - Overview
    • Exhibit 132: Ditton pievadkezu rupnica - Product / Service
    • Exhibit 133: Ditton pievadkezu rupnica - Key offerings
  • 12.8 Dunbelt Bearings and Transmissions SA.
    • Exhibit 134: Dunbelt Bearings and Transmissions SA. - Overview
    • Exhibit 135: Dunbelt Bearings and Transmissions SA. - Product / Service
    • Exhibit 136: Dunbelt Bearings and Transmissions SA. - Key offerings
  • 12.9 Industrias YUK S.A. 
    • Exhibit 137: Industrias YUK S.A. - Overview
    • Exhibit 138: Industrias YUK S.A. - Product / Service
    • Exhibit 139: Industrias YUK S.A. - Key offerings
  • 12.10 Regal Rexnord Corp. 
    • Exhibit 140: Regal Rexnord Corp. - Overview
    • Exhibit 141: Regal Rexnord Corp. - Business segments
    • Exhibit 142: Regal Rexnord Corp. - Key offerings
    • Exhibit 143: Regal Rexnord Corp. - Segment focus
  • 12.11 Renold Plc 
    • Exhibit 144: Renold Plc - Overview
    • Exhibit 145: Renold Plc - Business segments
    • Exhibit 146: Renold Plc - Key offerings
    • Exhibit 147: Renold Plc - Segment focus
  • 12.12 Rubix Group Holdings Ltd. 
    • Exhibit 148: Rubix Group Holdings Ltd. - Overview
    • Exhibit 149: Rubix Group Holdings Ltd. - Business segments
    • Exhibit 150: Rubix Group Holdings Ltd. - Key offerings
    • Exhibit 151: Rubix Group Holdings Ltd. - Segment focus
  • 12.13 The Timken Co. 
    • Exhibit 152: The Timken Co. - Overview
    • Exhibit 153: The Timken Co. - Business segments
    • Exhibit 154: The Timken Co. - Key news
    • Exhibit 155: The Timken Co. - Key offerings
    • Exhibit 156: The Timken Co. - Segment focus
  • 12.14 Tsubakimoto Chain Co. 
    • Exhibit 157: Tsubakimoto Chain Co. - Overview
    • Exhibit 158: Tsubakimoto Chain Co. - Business segments
    • Exhibit 159: Tsubakimoto Chain Co. - Key offerings
    • Exhibit 160: Tsubakimoto Chain Co. - Segment focus
  • 12.15 Tube Investments of India Ltd. 
    • Exhibit 161: Tube Investments of India Ltd. - Overview
    • Exhibit 162: Tube Investments of India Ltd. - Business segments
    • Exhibit 163: Tube Investments of India Ltd. - Key offerings
    • Exhibit 164: Tube Investments of India Ltd. - Segment focus
  • 12.16 Webster Industries Inc. 
    • Exhibit 165: Webster Industries Inc. - Overview
    • Exhibit 166: Webster Industries Inc. - Product / Service
    • Exhibit 167: Webster Industries Inc. - Key offerings
  • 12.17 Wippermann junior GmbH 
    • Exhibit 168: Wippermann junior GmbH - Overview
    • Exhibit 169: Wippermann junior GmbH - Product / Service
    • Exhibit 170: Wippermann junior GmbH - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 171: Inclusions checklist
    • Exhibit 172: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 173: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 174: Research methodology
    • Exhibit 175: Validation techniques employed for market sizing
    • Exhibit 176: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 177: List of abbreviations
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