Industrial Roller Chain Drives Market Introduction
Industrial roller chain drives are used in diverse applications such as material handling, manufacturing, and food processing equipment. Roller chain drives are employed to transmit machine driven power to various industrial, agricultural, and domestic machinery such as conveyors, printing presses, motorcycles, cars, wire- and tube-drawing machines, and bicycles. These chain drives are primarily utilized in low-speed to medium speed drives and in some high-speed drive applications as well. Manufacturers of Industrial roller chain drives are focused on expansion in Asia, specifically in China, owing to high demand for chain drives in different end-use industries in the country.
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Global Industrial Roller Chain Drives Market - Competitive Landscape
- In 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.
Ewart Chain Ltd.
Established in 1880, Ewart Chain Ltd. is presently based in Derby, U.K. The company engages in the manufacture and sale of plastic chains, steel and forged. Ewart Chain Ltd. products include American Pintle chains, American "H" class chains, agricultural/detachable chains, block link chains, bar link chains, crate conveyor chains, combination chains, drop forged rivetless chains, drag link chains, gray pin chains, loop chains, ley bush chains, plastic chains, rotary drive chains, steel elevator chains, steel carrier chains, steel roller chains, steel bush chains, transfer/roof top chains, and welded steel chains.
The Diamond Chain Company Inc.
The Diamond Chain Company Inc., established in 1890 is currently based in Indianapolis, Indiana, U.S. The Diamond Chain Company specializes in the design, manufacture, and sale of roller chains, attachment chains, drive chains, and ANSI chains for power transmission machinery that is utilized in manufacturing, industrial automation, oil & gas, agriculture equipment, farm, construction equipment, aerospace and defense, motorsport, material handling, automobile, special machinery, and food production sectors. As of 2019, The Diamond Chain Company Inc. operates as a subsidiary of The Timken Company.
Founded in 1964, YUK Group is based in Valencia, Spain. The company engages in the design, development, and sale of transport and transmission chains and all kinds of transmission elements.
Zhejiang Jindun Chain Manufacture Co., Ltd.
Zhejiang Jindun Chain Manufacture Co., Ltd., established in 1998 is currently based in Shaoxing, China. The company manufactures various industrial chains such as roller chains, paver chains, conveyor chains, transmission chains, and duplex as well as triplex chains. Its products include heavy-duty chains, chain links, chain breakers, leaf chains, and roller chain attachments.
Prominent players operating in the global industrial roller chain drives market are Iwis Engine Systems India Private Limited, AB SKF, Tsubakimoto Chain Co., KettenWulf Betriebs GmbH, Chain Belt Company (Rexnord Corporation), and The Timken Company.
Global Industrial Roller Chain Drives Market - Dynamics
Advanced features of industrial roller chain drives boost market
Industrial roller chain drives possess longer lifespan even in the harsh industrial environment. These chain drives are widely utilized in chemical and petrochemical, oil & gas, cement, and metals & mining industries, which possess extreme temperatures and corrosive environments. Industrial roller chain drives are associated with advantages which ensure that no wear and tear occurs during their operational life in harsh industrial environment. It also reduces its functioning problem arises from failure to carry out periodic maintenance for different end-use industries. These chain drives are extensively used foundry works, steel furnaces, die casting, and oil & gas drilling operations. Thus, the advanced features of industrial roller chain drives are expected to drive the market in the near future.
Availability of fake products hamper the industrial roller chain drives market
Availability of fake, unauthorized, counterfeit products in the market is a key factor hampering the industrial roller chain drives market. Rising penetration of the internet has led to easy access to a wide range of counterfeit products, which in turn is estimated to hamper the market in the near future.
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Global Industrial Roller Chain Drives Market - Segmentation
Based on chain type, the global industrial roller chain drives market can be segmented into
- Single-strand Chain
- Double-pitch Chain
- Multi-strand Chain
- Offset Chain
Based on end-user Industry, the global industrial roller chain drives market can be classified into
- Industrial Manufacturing & Material Handling
- Food Processing
- Transportation & Logistics
- Construction & Mining
The report on the global industrial roller chain drives market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The global industrial roller chain drives market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.