Industrial Chain Drives Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41150
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The industrial chain drives market has the potential to grow by USD 649.59 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.08%.

This industrial chain drives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (industrial sector and agricultural sector) and geography (APAC, North America, Europe, South America, and MEA). The industrial chain drives market report also offers information on several market vendors, including AB SKF, Michelin Group, Regal Beloit Corp., Renold Plc, Rexnord Corp., Rubix Group Holdings Ltd., The Timken Co., Tsubakimoto Chain Co., Tube Investments of India Ltd., and Wippermann junior GmbH among others.

What will the Industrial Chain Drives Market Size be in 2021?

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Industrial Chain Drives Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing end-user investments in APAC are notably driving the industrial chain drives market growth, although factors such as increasing replacement of chain drives with belt drives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial chain drives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This industrial chain drives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Chain Drives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB SKF
  • Michelin Group
  • Regal Beloit Corp.
  • Renold Plc
  • Rexnord Corp.
  • Rubix Group Holdings Ltd.
  • The Timken Co.
  • Tsubakimoto Chain Co.
  • Tube Investments of India Ltd.
  • Wippermann junior GmbH

 

This statistical study of the industrial chain drives market encompasses successful business strategies deployed by the key vendors. The industrial chain drives market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial chain drives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Chain Drives Market?

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62% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for industrial chain drives market in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Industrial Chain Drives Market?

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The industrial chain drives market share growth by the industrial sector segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial chain drives market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Chain Drives Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.08%

Market growth 2021-2025

$ 649.59 million

Market structure

Fragmented

YoY growth (%)

2.54

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 62%

Key consumer countries

US, China, India, Germany, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB SKF, Michelin Group, Regal Beloit Corp., Renold Plc, Rexnord Corp., Rubix Group Holdings Ltd., The Timken Co., Tsubakimoto Chain Co., Tube Investments of India Ltd., and Wippermann junior GmbH

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Industrial Chain Drives Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial chain drives market growth during the next five years
  • Precise estimation of the industrial chain drives market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial chain drives industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial chain drives market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial chain drives market growth will increase by $753.18 million during 2019-2024.
The industrial chain drives market is expected to grow at a CAGR of 3.46% during 2019-2024.
Technavio has segmented the industrial chain drives market by end user (Industrial sector and Agricultural sector) and geographic (APAC, North America, Europe, South America, and MEA).
Michelin Group, Regal Beloit Corporation, Renold plc, Rexnord Corporation, Rubix Group Holdings Limited, SKF, The Timken Company, TIDC India, Tsubakimoto Chain Co., Wippermann are a few of the key vendors in the industrial chain drives market.
APAC will register the highest growth rate of 46.97% among the other regions. Therefore, the industrial chain drives market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial chain drives market growth are:
  • Growing end-user investments in APAC
  • Rise in mergers and acquisitions (M&A)
The industrial chain drives market vendors should focus on grabbing business opportunities from the industrial sector segment as it accounted for the largest market share in the base year.
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