Industrial Chain Market Size, Share | Industry Report [2031]
Industrial Chain Market Size, Share | Industry Report [2031]
Segments - Industrial Chain Market by Product Type (Roller Chains, Leaf Chains, Conveyor Chains, Others), by Application (Power Transmission, Wood Working Machinery, Agricultural Machinery, Oil Well Drilling Rigs, Material Handling Equipment, Others), by End-use Industry (Automotive, Industrial Equipment & Machinery, Energy & Power, Building & Construction, Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2030
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Report Description
Industrial Chain Market Outlook
The global industrial chain market size was valued at USD 5,800.2 Million in 2021 and is projected to reach USD 7,820.6 Million by 2030, expanding at a CAGR of 3.5% during the forecast period. Increasing adoption of industrial chains in various industries, such as automotive, industrial equipment & machinery, energy & power, and building & construction, is expected to drive the market growth during the forecast period.
Industrial chains have several grade ratings that indicate their maximum tensile strength or breaking strength. The breaking strength number is a calculation of newtons per square millimetre. Certain applications demand a minimum chain grade to guarantee that they do not break while being used. Each grade of the industrial chain has different applications and uses.
For instance, power transmission applications use roller chains. Specialty uses for roller chains include bindery chains, pin oven chains, coupling chains, lift chains, oil-field chains, and film feeder chains. Food and automotive industries use conveyor belts for packaging and assembly purposes, respectively.
Industrial Chain Market Dynamics
Rising Demand for Industrial Chains from Developing Regions
The industrial chain market in Asia Pacific (APAC) is growing rapidly, due to increasing focus on infrastructure development in the region. Countries in the region are investing heavily in infrastructure projects, such as highways, airports, railways, and seaports, to support their economic growth. This has led to a rise in demand for raw materials, construction equipment, and transportation services, which, in turn, is anticipated to supplement the growth of the industrial chain market during the forecast period.
Growing Manufacturing Sector Across Globe
The manufacturing sector is expanding at a rapid rate, due to various factors, such as government engagement in supporting industrial automation, rising adoption of Industry 4.0, increased focus on industrial automation in manufacturing processes, growing supply chain complexities, and increased emphasis on regulatory compliance.
The manufacturing sector plays a critical role by producing a wide range of products, from basic consumer goods to high-tech products such as electronics, medical devices, and aerospace equipment.
High Initial Cost of Industrial Chains
High initial cost involved in setting up and maintaining an industrial chain is one of the major restraints faced by the market players. The initial cost of setting up an industrial chain manufacturing unit is high, particularly for small market players or new entrants in the market.
Moreover, other costs associated with maintaining and upgrading an industrial chain are significant. These costs include the maintenance of equipment and replacement of outdated machinery. High costs associated with lubrication and related services are a key challenge to the industrial chain market players .
Rising number of Merger & Acquisition Strategies
Increasing market alliances and mergers & acquisitions among market players are expected to contribute significantly to market growth for the industrial chain during the forecast period. For instance, in 2019, the Timken Company, which offers specialized power transmission and bearings products, acquired Diamond Chain.
Diamond Chain is a key provider of high-performance roller chains for industrial sectors. It provides services to a wide range of industries, including food and beverage, construction, agriculture, industrial distribution, material handling, and other process industries. Producers of industrial chains and sprockets aim to boost their operations in developing nations by investing in new enterprises and maintaining a competitive edge over other major industrial chain manufacturers.
Scope of Industrial Chain Market Report
|
Attributes |
Details |
|
Report Title |
Industrial Chain Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2015 – 2020 |
|
Forecast Period |
2022 – 2030 |
|
Segmentation |
Product Type (Roller Chains, Leaf Chains, Conveyor Chains, Others), Application (Power Transmission, Wood Working Machinery, Agricultural Machinery, Oil Well Drilling Rigs, Material Handling Equipment, Others), End-use Industry (Automotive, Industrial Equipment & Machinery, Energy & Power, Building & Construction, Others) |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
TSUBAKIMOTO CHAIN CO., Renold, SKF, DAIDO KOGYO CO., LTD., KettenWulf Betriebs GmbH, Regal Rexnord Corporation, Wippermann jr. GmbH, BANDO CHAIN IND.CO., LTD, PEER Chain, Ewart Agri Services Ltd., Donghua Limited, YUK, Dongyang Chain Co. Ltd., ZEXUS CHAIN Co., Ltd., Cross+Morse |
Industrial Chain Market Segment Insights
Based on product type, the global industrial chain market is segmented into roller chains, leaf chains, conveyor chains, and others. The leaf chains segment is anticipated to expand during the forecast period. The growth of the market is attributed to the increasing demand for leaf chain, owning to the automotive, food and beverage, mining and metals, construction, and other applications across the globe.
Based on application, the global industrial chain market is segmented into power transmission, wood working machinery, agricultural machinery, oil well drilling rigs, material handling equipment, and others. The oil well drilling rigs segment is expected to expand during the forecast period. Increasing demand for crude oil and rising investments in deep and ultra-deep-water activities are driving the growth of the oil well drilling rigs.
Based on the end-use industry, the global industrial chain market is segmented into automotive, industrial equipment & machinery, energy & power, building & construction, and others. The automotive segment is projected to expand during the forecast period. Technological advancements, environmental concerns, changing consumer preferences, and globalization drive trends in the automotive chain. These trends are likely to continue shaping the automotive segments in the coming years.
Regional Analysis
The focus on sustainability and environmental responsibility in the Asia Pacific industrial chain is increasing. Companies are adopting sustainable practices and technologies to reduce carbon footprint and address environmental concerns. The region is undergoing rapid economic growth.
Developing countries, such as India and China, are the key countries for the growth of the global industrial chain market in Asia Pacific. Initiatives, such as Make in India and Make in China, aim at strengthening the respective countries' domestic manufacturing industries to support the growth of the industrial roller chain market in Asia Pacific.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Industrial Chain Market
- Historical, Current and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Industrial Chain Market Performance
Segments
Product Type
- Roller Chains
- Leaf Chains
- Conveyor Chains
- Others
Application
- Power Transmission
- Wood Working Machinery
- Agricultural Machinery
- Oil Well Drilling Rigs
- Material Handling Equipment
- Others
End-use Industry
- Automotive
- Industrial Equipment & Machinery
- Energy & Power
- Building & Construction
- Others
Key Players
- TSUBAKIMOTO CHAIN CO.
- Renold
- SKF
- DAIDO KOGYO CO., LTD.
- KettenWulf Betriebs GmbH
- Regal Rexnord Corporation
- Wippermann jr. GmbH
- BANDO CHAIN IND.CO., LTD
- PEER Chain
- Ewart Agri Services Ltd.
- Donghua Limited
- YUK
- Dongyang Chain Co. Ltd.
- ZEXUS CHAIN Co., Ltd.
- Cross+Morse
Competitive Landscape
Top players in the market include TSUBAKIMOTO CHAIN CO., Renold, SKF, DAIDO KOGYO CO., LTD., KettenWulf Betriebs GmbH, Regal Rexnord Corporation, Wippermann jr. GmbH, BANDO CHAIN IND.CO., LTD, PEER Chain, Ewart Agri Services Ltd., Donghua Limited, YUK, Dongyang Chain Co. Ltd., ZEXUS CHAIN Co., Ltd., Cross+Morse. The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for the Global Industrial Chain Market.
Frequently Asked Questions
The base year considered for the Global Industrial Chain Market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015-2020 are the historic years, and forecast is provided from 2022 to 2030.
In addition to market size (in USD Million), Company Market Share (in % for base year 2021), and Value have been provided in the report.
The pandemic had a negative impact on the Global Industrial Chain Market as manufacturing operations were hampered by the pandemic, leading to a decline in industrial chain production. In addition, major disruptions across different end-use industries resulted in weakened demand for the product during the pandemic.
Factors such as demand & supply, R & D activity and industrialization are analyzed in the final report.
Automotive, industrial equipment & machinery, energy & power, building & construction, and others are the major end-user of industrial chain.
According to this growth market report, the global industrial chain market is likely to register a CAGR of 3.5% during the forecast period 2022-2030, with an anticipated valuation of USD 7,820.6 million by the end of 2030.
Rising demand for industrial chains from developing regions, and growing manufacturing sector across globe are the factors expected to drive the market growth during the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Chain Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Chain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Chain Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Chain Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Chain Market Size & Forecast, 2015-2030
4.5.1 Industrial Chain Market Size and Y-o-Y Growth
4.5.2 Industrial Chain Market Absolute $ Opportunity
4.6 Overview of Industrial Chain History
4.7 Industrial Chain: Current and Future Market Trends
Chapter 5 Global Industrial Chain Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Industrial Chain Market Size Forecast By Type
5.2.1 Roller Chains
5.2.1.1 Standard Roller Chain
5.2.1.2 Double Pitch Roller Chain
5.2.1.3 Heavy Duty Roller Chain
5.2.1.4 Others
5.2.2 Leaf Chains
5.2.3 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Industrial Chain Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Industrial Chain Market Size Forecast By Application
6.2.1 Power Transmission
6.2.2 Wood Working Machinery
6.2.3 Agricultural Machinery
6.2.4 Oil Well Drilling Rigs
6.2.5 Material Handling Equipment
6.2.6 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Industrial Chain Market Analysis and Forecast By End-use Industry
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End-use Industry
7.1.2 Basis Point Share (BPS) Analysis By End-use Industry
7.1.3 Absolute $ Opportunity Assessment By End-use Industry
7.2 Industrial Chain Market Size Forecast By End-use Industry
7.2.1 Automotive
7.2.2 Industrial Equipment & Machinery
7.2.3 Energy & Power
7.2.4 Building & Construction
7.2.5 Others
7.3 Market Attractiveness Analysis By End-use Industry
Chapter 8 Global Industrial Chain Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Industrial Chain Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Industrial Chain Analysis and Forecast
10.1 Introduction
10.2 North America Industrial Chain Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Industrial Chain Market Size Forecast By Type
10.6.1 Roller Chains
10.6.1.1 Standard Roller Chain
10.6.1.2 Double Pitch Roller Chain
10.6.1.3 Heavy Duty Roller Chain
10.6.1.4 Others
10.6.2 Leaf Chains
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Industrial Chain Market Size Forecast By Application
10.10.1 Power Transmission
10.10.2 Wood Working Machinery
10.10.3 Agricultural Machinery
10.10.4 Oil Well Drilling Rigs
10.10.5 Material Handling Equipment
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Industrial Chain Market Size Forecast By End-use Industry
10.14.1 Automotive
10.14.2 Industrial Equipment & Machinery
10.14.3 Energy & Power
10.14.4 Building & Construction
10.14.5 Others
10.15 Basis Point Share (BPS) Analysis By End-use Industry
10.16 Absolute $ Opportunity Assessment By End-use Industry
10.17 Market Attractiveness Analysis By End-use Industry
Chapter 11 Europe Industrial Chain Analysis and Forecast
11.1 Introduction
11.2 Europe Industrial Chain Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Industrial Chain Market Size Forecast By Type
11.6.1 Roller Chains
11.6.1.1 Standard Roller Chain
11.6.1.2 Double Pitch Roller Chain
11.6.1.3 Heavy Duty Roller Chain
11.6.1.4 Others
11.6.2 Leaf Chains
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Industrial Chain Market Size Forecast By Application
11.10.1 Power Transmission
11.10.2 Wood Working Machinery
11.10.3 Agricultural Machinery
11.10.4 Oil Well Drilling Rigs
11.10.5 Material Handling Equipment
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Industrial Chain Market Size Forecast By End-use Industry
11.14.1 Automotive
11.14.2 Industrial Equipment & Machinery
11.14.3 Energy & Power
11.14.4 Building & Construction
11.14.5 Others
11.15 Basis Point Share (BPS) Analysis By End-use Industry
11.16 Absolute $ Opportunity Assessment By End-use Industry
11.17 Market Attractiveness Analysis By End-use Industry
Chapter 12 Asia Pacific Industrial Chain Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Industrial Chain Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Industrial Chain Market Size Forecast By Type
12.6.1 Roller Chains
12.6.1.1 Standard Roller Chain
12.6.1.2 Double Pitch Roller Chain
12.6.1.3 Heavy Duty Roller Chain
12.6.1.4 Others
12.6.2 Leaf Chains
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Industrial Chain Market Size Forecast By Application
12.10.1 Power Transmission
12.10.2 Wood Working Machinery
12.10.3 Agricultural Machinery
12.10.4 Oil Well Drilling Rigs
12.10.5 Material Handling Equipment
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Industrial Chain Market Size Forecast By End-use Industry
12.14.1 Automotive
12.14.2 Industrial Equipment & Machinery
12.14.3 Energy & Power
12.14.4 Building & Construction
12.14.5 Others
12.15 Basis Point Share (BPS) Analysis By End-use Industry
12.16 Absolute $ Opportunity Assessment By End-use Industry
12.17 Market Attractiveness Analysis By End-use Industry
Chapter 13 Latin America Industrial Chain Analysis and Forecast
13.1 Introduction
13.2 Latin America Industrial Chain Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Industrial Chain Market Size Forecast By Type
13.6.1 Roller Chains
13.6.1.1 Standard Roller Chain
13.6.1.2 Double Pitch Roller Chain
13.6.1.3 Heavy Duty Roller Chain
13.6.1.4 Others
13.6.2 Leaf Chains
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Industrial Chain Market Size Forecast By Application
13.10.1 Power Transmission
13.10.2 Wood Working Machinery
13.10.3 Agricultural Machinery
13.10.4 Oil Well Drilling Rigs
13.10.5 Material Handling Equipment
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Industrial Chain Market Size Forecast By End-use Industry
13.14.1 Automotive
13.14.2 Industrial Equipment & Machinery
13.14.3 Energy & Power
13.14.4 Building & Construction
13.14.5 Others
13.15 Basis Point Share (BPS) Analysis By End-use Industry
13.16 Absolute $ Opportunity Assessment By End-use Industry
13.17 Market Attractiveness Analysis By End-use Industry
Chapter 14 Middle East & Africa (MEA) Industrial Chain Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Industrial Chain Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Industrial Chain Market Size Forecast By Type
14.6.1 Roller Chains
14.6.1.1 Standard Roller Chain
14.6.1.2 Double Pitch Roller Chain
14.6.1.3 Heavy Duty Roller Chain
14.6.1.4 Others
14.6.2 Leaf Chains
14.6.3 Others
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Industrial Chain Market Size Forecast By Application
14.10.1 Power Transmission
14.10.2 Wood Working Machinery
14.10.3 Agricultural Machinery
14.10.4 Oil Well Drilling Rigs
14.10.5 Material Handling Equipment
14.10.6 Others
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Industrial Chain Market Size Forecast By End-use Industry
14.14.1 Automotive
14.14.2 Industrial Equipment & Machinery
14.14.3 Energy & Power
14.14.4 Building & Construction
14.14.5 Others
14.15 Basis Point Share (BPS) Analysis By End-use Industry
14.16 Absolute $ Opportunity Assessment By End-use Industry
14.17 Market Attractiveness Analysis By End-use Industry
Chapter 15 Competition Landscape
15.1 Industrial Chain Market: Competitive Dashboard
15.2 Global Industrial Chain Market: Market Share Analysis, 2021
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 TSUBAKIMOTO CHAIN CO.
15.3.2 Renold
15.3.3 SKF
15.3.4 DAIDO KOGYO CO., LTD.
15.3.5 KettenWulf Betriebs GmbH
15.3.6 Regal Rexnord Corporation
15.3.7 Wippermann jr. GmbH
15.3.8 BANDO CHAIN IND.CO., LTD
15.3.9 PEER Chain
15.3.10 Ewart Agri Services Ltd.
15.3.11 Donghua Limited
15.3.12 YUK
15.3.13 Dongyang Chain Co. Ltd.
15.3.14 ZEXUS CHAIN Co., Ltd.
15.3.15 Cross+Morse
Methodology
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