Industry Outlook
Roller chain drives has become an inseparable part of every modern manufacturing and processing industries. Although manufacturing industries are the biggest consumer 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 as one of the most efficient power and motion transmission drives as they are capable of delivering with almost 99% efficiency. From conveyors to power transmission, roller chain drives plays a vital role in almost every individual industrial operation machinery. Owing to the aforementioned factors. Industrial roller chain drivers market expected to grow consistently throughout the forecast period from 2018 to 2026.
Market Synopsis
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"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 namely 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 drive in the overall industrial roller chain market. It comprises of single row of roller chain links and are used for power as well as motion transmission. Single-strand roller chain are effective in low to medium power transmission of power and motion with a speed up to 250 m/min. Consequently, single-strand chain bags the major market share and emerged as the leader in terms of market value. Other types are growing with a better growth rate compared to single-strand chain. However, other types are not expected to surpass single-strand chain in coming years.
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"Self-lubricating Roller Chain Caught-up Significant Pace In terms of Market Growth"
Industrial roller chain are classified into external lubricating and self-lubricating version. Till date external lubricating industrial roller chain drives leads the overall market. However, self-lubricating industrial roller chain drives are catching up with its counterpart with a significant pace and expected to surpass in coming years. Self-lubricating rollers are made with oil sintered steel and hence does not required no lubrication for smooth operation. This reduce the overall running cost and therefore, several end-users such as food processing industries prefer self-lubricating roller chain drives.
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"Precence 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 region in terms of industrial manufacturing, material handling, construction, agricultural and transportation & logistics. Growth in the aforementioned industries had a big role in encouraging the demand for industrial roller chain drives market in Asia Pacific. The market here is expected to remain dominant in terms of market share and acquire majority of market value in global industrial roller chain drives market. Other regions including North America and Europe also claims significant shares in the global market while, Middle East & Africa and Latin America are market as the most promising market expected to deliver in coming years.
ATTRIBUTE | DETAILS |
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Research Period | 2016-2026 |
Base Year | 2017 |
Forecast Period | 2018-2026 |
Historical Year | 2018 |
Unit | USD Billion |
Segmentation |
By Chain Type (2016–2026; US$ Bn) |
By Lubrication (2016–2026; US$ Bn) |
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By End-use Industry (2016–2026; US$ Bn) |
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Geography Segment (2017–2027; US$ Mn) |
Competitive Landscape
The research study covers some of the leading industrial roller chain drives 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 MANUFACTURE CO., LTD., YUK Group, The Diamond Chain Company, and Ewart Chain Ltd. Global industrial roller chain drives market is quite fragmented and competitive in nature owing to a number of small & big, and domestic as well as international manufacturers. The competitive nature of market enforced 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 drives vendors across the globe.