DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Roller Chain Drives Market 2017-2021" report to their offering.
The global industrial roller chain drives market to grow at a CAGR of 3.38% during the period 2017-2021.
Global Industrial Roller Chain Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is rise in mergers and acquisitions. M&A and market alliances by leading vendors are trends that will gain considerable momentum during the forecast period. Vendors are trying to diversify their businesses through increased investments in new avenues to sustain a competitive power. The purpose is to intensify revenue growth and prevent dependence on a single segment of chain drives. Many manufacturers are also enhancing their current product portfolio through M&A. Some international vendors are establishing strategic alliances and partnerships with local vendors to explore the indigenous market.
According to the report, one of the major drivers for this market is increasing revenue in the replacement market. Industrial roller chain drives are implemented in machines with continuous lubrication activities to have a high service life. The service life is a major factor where the industrial roller chain drives require suitable and timely lubrication for a smoother process and extended lifespan.
Further, the report states that one of the major factors hindering the growth of this market is slowdown of market in major economies. The global industrial roller chain drives market has a major slowdown from the economic recession in 2008, which hindered the growth in countries worldwide, especially the greenfield and brownfield projects in industrial sectors. These projects require large capital investments for the assets, especially industrial machinery and this recession affected those investments. This weakening factor considerably influenced the demand patterns of the industrial users.
- Tsubakimoto Chain
Other prominent vendors
- Diamond Chain Company
- Dong Bo Chain (DBC)
- Ewart Chain
- HangZhou DongHua Chain Group
- Martin Sprocket & Gear
- YUK Group
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/fjzpc9/global_industrial