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.
Regional analysis of the global industrial roller chain drives market includes:
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- South America
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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