Global industrial chain drives market to grow at a CAGR of 3.20% during the period 2018-2022.
The latest trend gaining momentum in the market is Rise in mergers and acquisitions (M&A). M&A and market alliances between vendors will provide considerable market growth momentum for industrial chain drives during the forecast period. Chain and sprocket manufacturers are trying to expand their businesses in developing regions through more investments in new avenues to sustain a competitive advantage over the other key industrial chain manufacturers.
According to the report, one of the major drivers for this market is Growing end-user investments in APAC. The demand for industrial chain drives in APAC has increased due to the growing investments in the end-user industries. The availability of low-cost raw-materials, easy availability of labor resources, advantageous demographic conditions, high demand for industrial products, and low manufacturing costs are the factors that support the high growth potential of industrial chain drive manufacturers in Asia.
Further, the report states that one of the major factors hindering the growth of this market is High costs with regard to lubrication and related services. ndustrial chain drives have some hidden costs like lubrication, frequent maintenance, and fast wear. Most industrial chain drives require lubrication and frequent services to increase their service life; however, the latest lube-free industrial chain drives are an exception. For instance, conveyor chains require continuous lubrication during their operation to reduce energy losses arising from friction.
Part 05: Market Sizing Market Definition Market Sizing 2017 Market Size and Forecast 2017-2022
Part 06: Five Forces Analysis Bargaining Power of Buyers Bargaining Power of Suppliers Threat of New Entrants Threat of Substitutes Threat of Rivalry Market Condition
Part 07: Customer Landscape
Part 08: Market Segmentation by End-User Segmentation by End-User Comparison by End-User Industrial Sector - Market Size and Forecast 2017-2022 Agricultural Sector - Market Size and Forecast 2017-2022 Market Opportunity by End-User
Part 09: Regional Landscape Geographical Segmentation Regional Comparison Apac - Market Size and Forecast 2017-2022 Americas - Market Size and Forecast 2017-2022 Emea - Market Size and Forecast 2017-2022 Market Opportunity
Part 10: Decision Framework
Part 11: Drivers and Challenges
Part 12: Market Trends Rise in Mergers and Acquisitions (M&A) Stainless Steel Inverted Tooth Chains Innovation and R&D
Part 13: Vendor Landscape Overview Landscape Disruption
Part 14: Vendor Analysis Vendors Covered Vendor Classification Market Positioning of Vendors