Industrial Roller Chain Drives Market Analysis and Forecast to 2032: By Type (Multi Strand Chain, Other), Application (Power Transmission), End Use Industry (Manufacturing, Mining, Others), and Region
The industrial roller chain drives market was valued at USD 2.8 billion in 2022 and it is anticipated to grow further till USD 4.3 billion by 2032, at a CAGR of 4.2% during the forecast period.
A chain drive, commonly referred to as a roller chain or transmission chain, is a device that transmits power by entangling chain links with sprocket gear teeth. It is a device that is used, primarily in motorcycles and chain-driven vehicles and equipment, to transport speed and torque from the engine to the wheels via a looped chain. Chain drives work at high speeds and are suited for short lengths. Some of the main benefits of chain drives include their efficient and smooth operation even in high temperatures, ease of installation, and resistance to water, oil, chemicals, and sunshine.
Global Industrial Roller Chain Drives Market Scope and Report Structure
| Report Attribute | Details |
|---|---|
| Market Size in 2022 | US$ 2.8 Billion |
| Market Size in 2032 | US$ 4.3 Billion |
| CAGR % | 4.2% |
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Type, Application, End User Industry, and Region |
| Key Companies | 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 among others. |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Market Driver and Trends
The main element influencing the global market is the rise in construction activity brought on by rapid industrialization. The need for chain drives is also being fueled by developments in the automotive engineering field and the adoption of cutting-edge designs and technology. To achieve optimal resource utilisation and efficient operations, manufacturers are using mechanical units with simple chain drives. Additionally, the availability of effective chain lubrication products, rising automation in end-use sectors, and rising demand for timing chain drives in the manufacturing sector are all anticipated to fuel market expansion.
Market Restraints and Challenges
The COVID-19 pandemic has hampered the growth of the market owing to supply chain disruption during the pandemic.
Global Industrial Roller Chain Drives Market Segmental Overview
The global industrial roller chain drives market is segmented into type, application, end user industry, and region.
Global Industrial Roller Chain Drives Market by Type
Based on type, it is segmented into multi stand chain, and others. The multi strand chain segment is anticipated to dominate the market during the forecast period. Similarly, Other segment is anticipated to witness the fastest growth during the forecast period.
Global Industrial Roller Chain Drives Market by Application
Based on application, it is segmented into power transmission, and conveyor. The power transmission segment is anticipated to dominate the market during the forecast period. Similarly, conveyor segment is anticipated to witness the fastest growth during the forecast period.
Global Industrial Roller Chain Drives Market by End Use Industry
Based on end use industry, it is segmented into manufacturing, mining, and others. The manufacturing segment is anticipated to dominate the market during the forecast period. Likewise, the mining segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Industrial Roller Chain Drives Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Likewise, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Industrial Roller Chain Drives Market
The key players studied in the report are 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 among others.
COVID-19 Impact
During the COVID-19 epidemic, the market for industrial roller chain drives was hindered by limitations on manufacturing. Additionally, during the lockout, roller chain drives could not be fitted properly by OEMs.
Recent Development
- April 2019, The Timken Company acquired The Diamond Chain Company. This acquisition helped the company to expand its business in the engineered industrial chain sector.
Frequently Asked Questions
Q1. How big is the Industrial Roller Chain Drives market?
Ans. The global Industrial Roller Chain Drives market size was USD 2.8 billion in 2022 and it is anticipated to grow further till USD 4.3 billion by 2032, at a CAGR of 4.2% from 2023 to 2032.
Q2. What is the Industrial Roller Chain Drives market growth rate?
Ans. The growth rate of the Industrial Roller Chain Drives market is 4.2%.
Q3. Which region holds a major market share for the Industrial Roller Chain Drives market?
Ans. North America holds a major market share of the Industrial Roller Chain Drives market in 2022.
Q4. Which segment accounted for the largest Industrial Roller Chain Drives market share?
Ans. By application, power transmission segment accounted for the largest Industrial Roller Chain Drives market share.
Q5. Who are the key players in the Industrial Roller Chain Drives market?
Ans. The global Industrial Roller Chain Drives market report includes players such as 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 among others.
Q6. What are the factors driving the Industrial Roller Chain Drives market growth?
Ans. The major factors driving the growth of the market are the growing market in emerging countries.
Q7. What are the key growth strategies of Industrial Roller Chain Drives market players?
Ans. The key growth strategies of Industrial Roller Chain Drives market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Industrial Roller Chain Drives market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Industrial Roller Chain Drives market during the forecast period.
Table of Contents
1. Industrial Roller Chain Drives Market Overview
1.1 Objectives of the Report
1.2 Market Definition and Scope of the Report
1.3 Research Limitations
1.4 Research Methodologies
1.4.1 Secondary Research
1.4.2 Market Size Estimation Technique
1.4.3 Forecasting
1.4.4 Primary Research and Data Validation
2. Executive Summary
2.1 Summary
2.2 Key Findings of the Market
3. Premium Insights on the Market
3.1 Market Attractiveness Analysis, by Region
3.2 Market Attractiveness Analysis, by Type
3.3 Market Attractiveness Analysis, by End User Industry
3.4 Market Attractiveness Analysis, by Application
4. Industrial Roller Chain Drives Market Outlook
4.1 Market Segmentation
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Porters Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitution
4.3.5 Competitive Rivalry
4.4 PESTLE Analysis
4.5 Value Chain Analysis
4.6 Impact of COVID-19 on the Market
4.7 Impact of the Russia and Ukraine War
5. Industrial Roller Chain Drives Market by Type
5.1 Overview
5.2 Market Size and Forecast
5.3 Multi Strand Chain
5.3.1 Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4 Others
5.4.1 Key Market Trends & Opportunity Analysis
5.4.2 Market Size and Forecast, by Region
6. Industrial Roller Chain Drives Market by End User Industry
6.1 Overview
6.2 Market Size and Forecast
6.3 Manufacturing
6.3.1 Key Market Trends & Opportunity Analysis
6.3.2 Market Size and Forecast, by Region
6.4 Mining
6.4.1 Key Market Trends & Opportunity Analysis
6.4.2 Market Size and Forecast, by Region
6.5 Others
6.5.1 Key Market Trends & Opportunity Analysis
6.5.2 Market Size and Forecast, by Region
7. Industrial Roller Chain Drives Market by Application
7.1 Overview
7.2 Market Size and Forecast
7.3 Power Transmission
7.3.1 Key Market Trends & Opportunity Analysis
7.3.2 Market Size and Forecast, by Region
7.4 Conveyor
7.4.1 Key Market Trends & Opportunity Analysis
7.4.2 Market Size and Forecast, by Region
8. Industrial Roller Chain Drives Market by Region
8.1. Overview
8.2. North America
8.2.1.Key Market Trends and Opportunities
8.2.2.Market Size and Forecast by Type
8.2.3.Market Size and Forecast by End User Industry
8.2.4.Market Size and Forecast by Application
8.2.5.Market Size and Forecast by Country
8.2.6.The U.S.
8.2.6.1. Market Size and Forecast by Type
8.2.6.2. Market Size and Forecast by End User Industry
8.2.6.3. Market Size and Forecast by Application
8.2.7. Canada
8.2.7.1. Market Size and Forecast by Type
8.2.7.2. Market Size and Forecast by End User Industry
8.2.7.3. Market Size and Forecast by Application
8.2.8. Mexico
8.2.8.1. Market Size and Forecast by Type
8.2.8.2. Market Size and Forecast by End User Industry
8.2.8.3. Market Size and Forecast by Application
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Market Size and Forecast by Type
8.3.3. Market Size and Forecast by End User Industry
8.3.4. Market Size and Forecast by Application
8.3.5. Market Size and Forecast by Country
8.3.6. Germany
8.3.6.1. Market Size and Forecast by Type
8.3.6.2. Market Size and Forecast by End User Industry
8.3.6.3. Market Size and Forecast by Application
8.3.7. France
8.3.7.1. Market Size and Forecast by Type
8.3.7.2. Market Size and Forecast by End User Industry
8.3.7.3. Market Size and Forecast by Application
8.3.8. The UK
8.3.8.1. Market Size and Forecast by Type
8.3.8.2. Market Size and Forecast by End User Industry
8.3.8.3. Market Size and Forecast by Application
8.3.9. Spain
8.3.9.1. Market Size and Forecast by Type
8.3.9.2. Market Size and Forecast by End User Industry
8.3.9.3. Market Size and Forecast by Application
8.3.10. Italy
8.3.10.1. Market Size and Forecast by Type
8.3.10.2. Market Size and Forecast by End User Industry
8.3.10.3. Market Size and Forecast by Application
8.3.11. Rest of Europe
8.3.11.1. Market Size and Forecast by Type
8.3.11.2. Market Size and Forecast by End User Industry
8.3.11.3. Market Size and Forecast by Application
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Market Size and Forecast by Type
8.4.3. Market Size and Forecast by End User Industry
8.4.4. Market Size and Forecast by Application
8.4.5. Market Size and Forecast by Country
8.4.6. China
8.4.6.1. Market Size and Forecast by Type
8.4.6.2. Market Size and Forecast by End User Industry
8.4.6.3. Market Size and Forecast by Application
8.4.7. India
8.4.7.1. Market Size and Forecast by Type
8.4.7.2. Market Size and Forecast by End User Industry
8.4.7.3. Market Size and Forecast by Application
8.4.8. Japan
8.4.8.1. Market Size and Forecast by Type
8.4.8.2. Market Size and Forecast by End User Industry
8.4.8.3. Market Size and Forecast by Application
8.4.9. South Korea
8.4.9.1. Market Size and Forecast by Type
8.4.9.2. Market Size and Forecast by End User Industry
8.4.9.3. Market Size and Forecast by Application
8.4.10. Rest of APAC
8.4.10.1. Market Size and Forecast by Type
8.4.10.2. Market Size and Forecast by End User Industry
8.4.10.3. Market Size and Forecast by Application
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Market Size and Forecast by Type
8.5.3. Market Size and Forecast by End User Industry
8.5.4. Market Size and Forecast by Application
8.5.5. Market Size and Forecast by Country
8.5.6. Latin America
8.5.6.1. Market Size and Forecast by Type
8.5.6.2. Market Size and Forecast by End User Industry
8.5.6.3. Market Size and Forecast by Application
8.5.7. The Middle East
8.5.7.1. Market Size and Forecast by Type
8.5.7.2. Market Size and Forecast by End User Industry
8.5.7.3. Market Size and Forecast by Application
8.5.8. Africa
8.5.8.1. Market Size and Forecast by Type
8.5.8.2. Market Size and Forecast by End User Industry
8.5.8.3. Market Size and Forecast by Application
9. Competitive Landscape
9.1 Overview
9.2 Market Share Analysis
9.3 Ranking by Industrial Roller Chain Drives Market Revenue
9.4 Vendor Benchmarking
9.5 Developmental Strategy Benchmarking
9.5.1. Acquisitions & Mergers
9.5.2. Product Launches & Developments
9.5.3. End User Industry Expansions
9.5.4. Partnerships, Joint Ventures, and Collaborations
10. Company Profiles
10.1 Regal Beloit Corporation
10.1.1 Company Snapshot
10.1.2 Business Performance
10.1.3 Product Offering
10.1.4 Key Developmental Strategies
10.1.5 SWOT Analysis
10.2 Renold PLC
10.3 Rexnord Industries, LLC
10.4 AB SKF
10.5 The Timken Company
10.6 Tsubakimoto Chain Group
10.7 Brammer PLC
10.8 John King Chains Ltd.
10.9 Diamond Chain Company, Inc.
10.10 Kraftmek Oy
10.11 Ramsey Products Corporation
10.12 Rambo Chain
*The list of company is subject to change during the final compilation of the report
Key Players
Global Industrial Roller Chain Drives Market Segmentation
By Type
- Multi Strand Chain
- Others
By Application
- Power Transmission
- Conveyor
By End User Industry
- Manufacturing
- Mining
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa