Automotive and Industrial Machinery Segments to Contribute Maximum Revenue to Global Chain Drive Market Till 2022

Automotive and industrial machinery segments constitute key end-users of the chain drive market with a revenue share of more than 50% in key manufacturing regions such as the US, Japan, China, and Germany.

Bangalore, India, April 02, 2017 --( A recent report “Global Chain Drives Market – Strategic Assessment and Forecast 2017–2022” published by Beige Market Intelligence has thrown up some interesting facts about the global chain drive market. It states that automotive and industrial machinery are key end-users for chain drives with more than 50% revenue in key manufacturing regions such as the US, Japan, China, and Germany. Similarly, the demand in India is majorly driven from end-users in the agriculture and mining sectors, while the market in Latin America is expected to be driven by public infrastructure spending. The replacement demand is significant in economies such as in Japan, China, the US, South Korea, and Australia due to a high degree of mechanization and automotive ownership.

The 124-page research report, which includes a detailed study of growth drivers, trends, and restraints of the market, provides the analysis of key segments of the market by type, end-user, geography, country, and vendors.

Chain Drive in Automotive Sector
Chain drive play a significant role in the development of automotive parts, which includes timing chains and other parts. They help to manufacture next generation high performance and environment-friendly engines which are lightweight, compact, and low on noise. A timing drive system is generally a chain drive system or a belt drive system that powers the engine camshafts. In recent years, there has been a gradual shift from belts to chains due to their high performance and compactness.

Chain drive for timing drive systems includes roller chains and silent chains. Roller chains play a central role in timing drive systems by driving camshafts and enabling precise valve timing, which is essential components of an engine. Silent chains further lowers the noise while maintaining all the characteristics of roller chains.

Chain Drive in Industrial Machinery Sector
Stacker reclaimer chains are mainly used in heavy industrial processes, which require large stockpiles of the raw material. Reclaimer chains and flight assembly functions such as scraper conveyors with flight blades, push material toward a belt feeding conveyor. These chains have a long service life, large bearing areas, high rigidity, and deep case depths to offer high performance. These chains have improved anti-dust capabilities and have three-times more wear life than bearing roller conveyor chains. Most of these chains are manufactured and designed on the made-to-order basis to meet specific requirements.

The report includes a detailed study of emerging trends, factors driving the growth, and expected challenges of the chain drive market during the period 2017–2022. It includes the market analysis of different regions such as North America, Latin America, APAC, and EMEA. It outlines the major market shareholders and the market size analysis of all regions. The report also profiles major companies in the global chain drive market and provides the competitive landscape and market share of key players.

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