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.

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.

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 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 asamong 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.


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