About Drag chains
Drags chains are the chains that drag such as a chain for coupling freight cars, a metal conveyor belt for removing the clinker from cement kiln and a chain that is attached to the chassis of a motor vehicle and drags on the roadway to ground the chassis and prevent the accumulation of static electricity. Its role is to support and protect moving cables.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Drag chains is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Drag chains market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arno Arnold GmbH (Germany), Brevetti Stendalto (Italy), Cavotec (Switzerland), Conductix-Wampfler (United States), Dynatect Manufacturing (United States), EKD GELENKROHR (Germany), Hennig Inc. (United States), LEONI Protec Cable Systems (India), Murrplastik Systemtechnik GmbH (Germany) and TSUBAKI KABELSCHLEPP (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Helukabel GMBH (Germany), Igus GMBH (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Drag chains market by Type (Open, Enclosed and Other), Application (Machine Tools, Process and Automation Machinery, Vehicle Transporters, Vehicle Washing Systems, Cranes and Others) and Region.
On the basis of geography, the market of Drag chains has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Plastic will boost the Drag chains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Improvement and Advancements
Market Growth Drivers:
Minimum Maintenance and Installation Time and High Demand for Variety of Applications
Challenges:
High Initial Investment
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from Various Industries and Increased Automation in the Manufacturing Industries
Market Leaders and their expansionary development strategies
In February 2022, HELUKABLE acquired drag chain manufacturer ekd gelenkrohr. The specialist for electrical connection technology is taking another step towards becoming a system provider.
In December 2023, HELUKABLE launched new version of its proven drag chain cable. The completely redesigned cable offers users a whole range of benefits that are particular useful in demanding environments.
Key Target Audience
Drag Chains Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.