Roller chain drives have become an inseparable part of modern manufacturing and processing industries. Although manufacturing industries are the biggest consumers of roller chain drives, these drives are also extensively used for several other end-use industries, including transportation & logistics, construction & mining, and agricultural equipment, among others. Chain drives are considered one of the most efficient powers and motion transmission drives, as they are capable of delivering with almost 99% efficiency. From conveyors to power transmissions, roller chain drives play a vital role in almost every individual piece of industrial machinery. Owing to the aforementioned factors. The industrial roller chain drivers market is expected to grow consistently throughout the forecast period from 2018 to 2026.
Market Synopsis
Single-strand industrial roller chain is by far the best among all other chain types.
Based on the chain type, industrial roller chain drives are classified into four main types: single-strand roller chain, double-strand roller chain, double-pitch chain, and offset chain. Single-strand industrial roller chain drives are the most widely used chain drives in the overall industrial roller chain market. It comprises a single row of roller chain links and is used for power as well as motion transmission. Single-strand roller chains are effective in low- to medium-power transmission of power and motion with a speed of up to 250 m/min. Consequently, single-strand chain bags have the major market share and emerge as the leader in terms of market value. Other types are growing at a better rate compared to single-strand chains. However, other types are not expected to surpass single-strand chains in the coming years.
Self-lubricating Roller Chain Caught Up at a Significant Pace in Terms of Market Growth
Industrial roller chains are classified into externally lubricating and self-lubricating versions. Externally lubricating industrial roller chain drives currently dominate the market. However, self-lubricating industrial roller chain drives are catching up with their counterpart at a significant pace and are expected to surpass it in the coming years. Self-lubricating rollers are made with oil-sintered steel and hence do not require lubrication for smooth operation. This reduces the overall running cost, and therefore, several end-users, such as food processing industries, prefer self-lubricating roller chain drives.
The presence of heavy industrial manufacturing and material handling sectors allowed Asia-Pacific to emerge as the global leader.
Asia Pacific is one of the fastest-growing regions in terms of industrial manufacturing, material handling, construction, agriculture, transportation, and logistics. Growth in the aforementioned industries played a big role in encouraging the demand for industrial roller chain drives in the Asia Pacific. The market here is expected to remain dominant in terms of market share and acquire the majority of market value in the global industrial roller chain drives the market. Other regions, including North America and Europe, also claim significant shares in the global market, while the Middle East, Africa, and Latin America are marketed as the most promising and expected to deliver in the coming years.
Market Segmentation
Competitive Landscape
The research study covers some of the leading industrial roller chain drive manufacturers, including AB SKF, Tsubakimoto Chain Co., Iwis Engine Systems India Private Limited, Chain Belt Company (Rexnord Corporation), KettenWulf Betriebs GmbH, The Timken Company, Zhejiang Jindun Chain Manufacturing Co., Ltd., YUK Group, The Diamond Chain Company, and Ewart Chain Ltd. The global industrial roller chain drives market is quite fragmented and competitive in nature, owing to a number of small and large domestic and international manufacturers. The competitive nature of the market forced the companies to come up with different business strategies in order to survive and maintain their market position. The study also includes detailed company profiles of the leading industrial roller chain drive vendors across the globe.
Key questions are answered in this report.
How has development in industrial roller chain drives and their application across several end-use industries aided the market to flourish?
Which are the most visible end-use industries, and how is their expansion complementing the industrial roller chain and driving market growth?
What are the various industrial roller chain drives, and where do they stand in terms of market value?
How vital is the growth of the transportation and logistics sector, and what is its effect on the sales of industrial roller chain drives?
How industrially will emerging regions such as the Asia Pacific and Latin America emerge as game-changers in the coming years?
Frequently Asked Questions:
The market for Industrial Roller Chain Drives Market is expected to reach US$ XX Mn by 2026.
The Industrial Roller Chain Drives Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
AB SKF, Tsubakimoto Chain Co., Iwis Engine Systems India Private Limited, Chain Belt Company (Rexnord Corporation), KettenWulf Betriebs GmbH, The Timken Company, Zhejiang Jindun Chain Manufacturing Co. are some of the major players in the global market.
