Global Chain Drives Market to grow at a CAGR of 3.27% over the period 2015-2019; Finds New Report

Report forecast the global chain drives market to grow at a CAGR of 3.27% over the period 2015-2019.

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.

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.

According to the report, the extensive use of chain drives has provided an opportunity for chain drive vendors to increase their sales through replacement. Improper maintenance of chain drives and rusty working conditions have created a need for replacement, driving demand for new drives.

Further, the report states that chain have been used for decades, and the market for these devices is reaching maturity. Additional revenue from new fields are difficult to come by, which has led to a relatively stagnant growth rate.

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.

key players in the Global Chain Drives Market: Chiaravalli Group, Renold plc, Rexnord Corp and Tsubakimoto Chain Co.

Other Prominent Vendors in the market are: Diamond Chain Company, Gates Corporation, Hangzhou Donghua Chain Group, Joh. Winklhofer Beteiligungs, Martin Sprocket & Gear, Suzhou Universal Group and Zhejiang Gidi industrial Chain

Key Regions

• Americas
• APAC
• EMEA

Market Driver

• Growing Revenue from Replacement Activities
• For a full, detailed list, view our report

Market Challenge

• Maturity of the Market
• For a full, detailed list, view our report

Market Trend

• Adoption of Alternative Drive Technologies
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2018 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?

Spanning over 60 pages and 26 Exhibits “Global Chain Drives Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by End-users, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4ub

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