global chain drives market 2015-2019
TRANSCRIPT
Covered in this Report• The report covers the present scenario and the growth
prospects of the global chain drives market for the period 2015-2019.
• The following are some of the major end-users of the market: construction and mining industry, industrial machinery industry, and agriculture sector.
• Technavio's report, Global Chain Drives Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
• The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years.
• The report includes a discussion of the key vendors operating in this market.
Global Chain Drives Market 2015-2019
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Market Overview
• Chain drives and belt drives are the mechanical power transmission systems used for transmitting energy to perform valuable work in industries.
• These drives consist of interconnected links meshing with the teeth of a sprocket.
• There are various types of chain drives, including roller chains and engineering steel chains.
• Engineering steel chains are used for applications in industries such as mining, agriculture, construction, and automotive.
• Technavio's analysts forecast the global chain drives market to grow at a CAGR of 3.27% over the period 2015-2019.
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Key Vendors and Regions
• Chiaravalli Group
• Renold
• Rexnord
• Tsubakimoto Chain
• Diamond Chain
• Gates
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• Americas
• APAC
• EMEA
Vendors Regions
USA – CANADA – UK – CHINA – INDIA
Key Findings
• In the past, a lack of alternate technologies and the simplicity, cost, and efficiency of chain drives prompted wide use of these drives in various industries.
• However, chain drives are nearing market saturation with regard to technological innovation.
• While the market has seen significant improvements in the quality, durability, and efficiency of chain drives, the maturity of these products has restricted the opportunity for manufacturers to develop innovative solutions.
• Many chain drive vendors in APAC, especially in China, are being acquired by European and North American manufacturers as a means of entering foreign markets and expanding their manufacturing operations in low-cost countries.
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Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Global Chain Drives Market 2015-2019
62 Pages | SKU: IRTNTR6276
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