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Industrial Chain Market Size, Share | Industry Report [2031]

Industrial Chain Market

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Segments - 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

CM-5301
4.5 Rating
247 Pages

21-03-2023
63 Reviews

Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Rucha Phatak

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.
Industrial Chain Market Key Players

Table Of Content

Chapter 1 Executive Summary
Chapter 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

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FAQ Section

Some frequently asked questions about this report!

1. Which is the base year calculated in the Global Industrial Chain Market report and what is analysis period?

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.

2. What additional data analysis is available in report?

In addition to market size (in USD Million), Company Market Share (in % for base year 2021), and Value have been provided in the report.

3. What is the impact of COVID-19 on the overall market during year 2019 -2020?

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.