Global Sprocket Market Growth 2023-2029

Global Sprocket Market Growth 2023-2029

Sprockets are teeth like projections arranged on a wheel rim to engage the links of a chain. They engage chains in many different power transmission and conveyor systems. They are mainly made of cast iron, sintered metal and carbon steel. Inserted sprockets are also designed to reduce noise and operation. The sprocket must be inspected once a month for wear and if the teeth are worn down or are broken they should be replaced. They are often an economic, reliable drive system for long running, continuous drive applications with maximum absorption of shock and minimum torque loads.

LPI (LP Information)' newest research report, the “Sprocket Industry Forecast” looks at past sales and reviews total world Sprocket sales in 2022, providing a comprehensive analysis by region and market sector of projected Sprocket sales for 2023 through 2029. With Sprocket sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sprocket industry.

This Insight Report provides a comprehensive analysis of the global Sprocket landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sprocket portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sprocket market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sprocket and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sprocket.

The global Sprocket market size is projected to grow from US$ 394.5 million in 2022 to US$ 478.7 million in 2029; it is expected to grow at a CAGR of 478.7 from 2023 to 2029.

Asia-Pacific is the largest region of Sprocket, with a market share about 50%, followed by Europe and North America, etc. Tsubaki, Martin Sprocket & Gear, SCS, Katayama, Linn Gear and SKF are the top 6 manufacturers of industry, and they had about 20% combined market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Sprocket market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Roller Chain Sprockets

Engineering Class Sprockets

Segmentation by application

Belt Drive Systems

Chain Drive Systems

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Tsubaki

Martin Sprocket & Gear

SCS

Katayama

Linn Gear

SKF

Renold

Renqiu Chuangyi

G&G Manufacturing

Allied Locke

Xinghua Donghua Gear

WM Berg

Ravi Transmission

Precision Gears

ABL Products

Sit S.p.A

B&B Manufacturing

Van Zeeland

Amec

Maurey

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sprocket market?

What factors are driving Sprocket market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Sprocket market opportunities vary by end market size?

How does Sprocket break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.