Global Chain Couplings Market 2017-2021

Overview of the global chain couplings market

According to Technavio’s research analysis on the global chain couplings market, the need for less maintenance will be one of the major factors that will have a positive impact on this market’s growth till 2021. Chain couplings provide increased resistance to wear and tear and rusting due to their strong structural build that are tolerant to heavy moisture and harsh processes. Materials such as stainless steel and nylon are used to manufacture chain couplings. This in turn, ensures the development of chain couplings that do not contaminate under extreme heat or moisture. Also, the utilization of high quality materials to manufacture chain couplings has resulted in low maintenance, encouraging them to be adopted in different facilities. These advantages will drive the demand for chain couplings during the forecast period. Our market research analysts predict that this market will post a revenue growth of more than USD 200 million by 2021.

The APAC region will be the major revenue contributor of the chain couplings market throughout the forecast period. The rapid growth of industrial sector and the increased presence of small and medium-sized organizations in the region will drive the demand for chain couplings. The increasing government initiatives to offer support for industrial growth in the region will also contribute to the market’s growth.

Competitive landscape and key vendors

The chain couplings market consists of both global and regional players providing end-users with the superior quality devices. The global vendors are concentrating on raising their regional boundaries to expand their operations and gain a competitive edge over other vendors. The regional vendors are also focusing on offering cost-effective chain couplings to end-users.

The leading vendors in the market are –

• ABB
• Cross & Morse
• KANA Group
• Regal Beloit
• Tsubakimoto Chain

The other prominent vendors in the market are Timken, WMH Herion, Nozag, Linn Gear, Challenge Power Transmission, and Renold.

Segmentation by product and analysis of the chain couplings market

• Roller chain couplings
• Nylon chain couplings

During 2016, the roller chain couplings segment accounted for major shares of the chain couplings market. Factors such as the extreme durability, good performance in high and low end applications, and clearance between chain and sprockets will contribute to the growth of the roller chain couplings market in the coming years.

Segmentation by end-user and analysis of the chain couplings market

• Heavy industry
• Material handling industry
• Machine tools industry

As per this market research report, the heavy industry will hold the maximum market share of the chain couplings market until 2021. In the heavy industry, chain couplings are increasingly used for handling the torque overload and to protect equipment that is meant to work constantly for long durations. This will lead to the increased demand for chain couplings in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global chain couplings market?
• What are the key market trends impacting the growth of the global chain couplings market?
• What are the challenges to market growth?
• Who are the key vendors in the global chain couplings market?
• What are the market opportunities and threats faced by the vendors in the global chain couplings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global chain couplings market?

Technavio also offers customization on reports based on specific client requirement.