Global Automotive Chain Sprocket Market Overview:
Automotive chain sprockets play a vital role in the automotive industry in various business segments such as manufacturing cars, motorcycle and tracked vehicles among others. The reason behind its importance is because automotive chain sprockets help in transferring rotary motion between two shafts in cases where gears are found to be inappropriate for transmitting linear motion to a track or tape.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Automotive Chain Sprocket Provides Higher Power and Improved Fuel Efficiency
Market Growth Drivers:
Increase in Demand for Vehicles Around the Globe and Rise in Disposable Income and Need for Higher Power
Challenges:
Intense Competition Among Manufacturer
Restraints:
Weight and Periodic Maintenance are Major Factors Restraining the Market and Incentives on e-vehicles and Increased Taxes on Traditional Vehicles
Opportunities:
The Growth Opportunities from Emerging Economies and Aftermarket Opportunities
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are JT Sprockets (United Kingdom), Tsubakimoto Chain (Japan), SKF (Sweden), KMC Automobile Transmission (Taiwan), Schaeffler Technologies AG & Co. KG (Germany), S. Tsubaki Power Transmission, LLC (United States), KettenWulf Betriebs GmbH (Germany), KMC Chain Industrial (Taiwan), Linn Gear Co. (United States), Silcoms (United Kingdom) and MicroPoly (United States). Additionally, following companies can also be profiled that are part of our coverage like Madras Chain Corporation (India), HangZhou DongHua Chain Group Co., Ltd. (China) and Felix Enterprises (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Automotive Chain Sprocket market by 2028. Considering Market by Sales Type, the sub-segment i.e. OEM will boost the Automotive Chain Sprocket market. Considering Market by Production Type, the sub-segment i.e. Double Duty Automotive Chain Sprockets will boost the Automotive Chain Sprocket market.
Latest Market Insights:
On 10 January 2022: SKF has completed the acquisition of Laser Cladding Venture n.v. (LCV), an additive manufacturing company based in Belgium. LCV is a niche engineering start-up specialized in various additive manufacturing technologies and processes, which can be applied to support SKF’s service and remanufacturing offering.
In May 2023, the U.S. Tsubaki Power Transmission, LLC (U.S. Tsubaki) introduces Dura Drum sprockets designed to reduce downtime, reduce costs and increase the reliability of conveyor systems. Available with full face or A-plate drum sprockets, the Dura Drum helps heavy machinery operations including forestry and metal recycling facilities run efficiently and profitably.
According to the World Health Organization (WHO), over 20 to 50 million people suffer non-fatal or minor injuries and around 1.25 million people die due to road accidents worldwide every year.
What Can be Explored with the Automotive Chain Sprocket Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Chain Sprocket Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Chain Sprocket
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Chain Sprocket market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Chain Sprocket market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Chain Sprocket Manufacturers, Automotive Chain Sprocket Raw Material Suppliers, Automotive Chain Sprocket Traders/Distributors, Automotive Chain Sprocket Importer/Exporter, Industry Associations, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.