Industry Background:
The global automotive chain market is expected to witness significant growth during the forecast period due to high growth in sales of vehicles worldwide and it reduces friction and provides higher efficiency and less wear. The automotive chain is an important connection to transfer power from the engine of a motorcycle to the rear driving wheel through sprockets. Furthermore, the automotive chains are of different sizes based upon the power to be transmitted.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tsubakimoto Chain Co. (Japan), BorgWarner Inc. (United States), Schaeffler Group (Germany), Daido Kogyo Co Ltd (Japan), Iwis (Germany), L.G.Balakrishnan & Bros Ltd. (India), Qingdao Choho Industrial Co., Ltd (China), TIDC (India), DITTON Driving Chain Factory (Latvia) and CZ Retezy, s. r. o. (Czech Republic) |
This growth is primarily driven by High Growth in Sales of Vehicles Worldwide and It Reduces Friction and Provides Higher Efficiency and Less Wear.
Globally, a noticeable market trend is evident Advancements in Automotive Chain Major Vendors, such as Tsubakimoto Chain Co. (Japan), BorgWarner Inc. (United States), Schaeffler Group (Germany), Daido Kogyo Co Ltd (Japan), Iwis (Germany), L.G.Balakrishnan & Bros Ltd. (India), Qingdao Choho Industrial Co., Ltd (China), TIDC (India), DITTON Driving Chain Factory (Latvia) and CZ Retezy, s. r. o. (Czech Republic), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The leading players are focusing on strategic partnerships and new product launch to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In February 2022, Tsubakimoto Chain Co., a consolidated subsidiary, Tsubakimoto Bulk Systems Corp. acquired an additional 49% stake in Mahindra Tsubaki Conveyor Systems Private Limited, a joint venture with India's Mahindra Group, making it a wholly owned subsidiary. Tsubaki Group expands material handling business in India. Following the acquisition, MTC's name will be changed to "Tsubaki Conveyor Systems India Private Limited" subject to required approvals from Indian regulatory authorities.
In August 2022, BorgWarner Inc. acquired Rhombus Energy Solutions. The technology provided by Rhombus expands BorgWarner's electric vehicle portfolio in North America and complements its existing European charging business. This deal supports our Charging Forward strategy and strengthens our electric vehicle positioning as we seek to power the entire propulsion system from the grid to the wheels.
Influencing Trend:
Advancements in Automotive Chain
Market Growth Drivers:
High Growth in Sales of Vehicles Worldwide and It Reduces Friction and Provides Higher Efficiency and Less Wear
Challenges:
Minimal Manufacturing Tolerance might Maximize Manufacturing Overheads
Restraints:
High-Cost Associate with Automotive Chain
Opportunities:
Increasing Number of Two Wheeler in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Chain Market
- Analysis about New Entrants in Automotive Chain Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Chain Study Sheds Light on
The Automotive Chain Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Chain industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Chain industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.