About Modular Chain Drive
The increasing demand for a Modular chain in manufacturing industries and automotive industries will help to boost the global modular chain drive market in the forecasted period. The modular Chain drive is a way of transmitting mechanical power from one rotating shaft to another. It delivers a positive form of power transmission in the form of speed ratio and torque and keeps a positive speed ratio between driven sprockets and driver. Rapidly increasing the beverage industry due to the high demand for modular chain drive conveyors at the time of the bottle filling process is driving the growth of the modular chain drive market across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 4.2% |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Modular Chain Drive 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.
TSUBAKIMOTO CHAIN CO. (Japan), Haberkorn Ulmer s.r.o. (Czechia), KONE NEW ZEALAND (New Zealand), Habasit AG (Switzerland), Regal Beloit Americas, Inc. (United States), Wippermann jr. GmbH (Germany), GEPPERT-Band GmbH (Germany), Interroll (Asia) Pte. Ltd. (India) and Pro Handling Solutions (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Modular Chain Drive market by Type (Spiral, Straight and Radius) and Region.
On the basis of geography, the market of Modular Chain Drive 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User Industry, the sub-segment i.e. Automotive will boost the Modular Chain Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Plastic will boost the Modular Chain Drive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Automotive Industries, Owing to the High Demand for Vehicles and Increasing Demand of Flat Top Chain due to Long Life along with High Strength
Market Growth Drivers:
High Investment in Innovation in Modular Chain and Rising Demand for Automation in Manufacturing Industries
Challenges:
High Cost and Standards for Modular Chain
Restraints:
High Maintenance Cost and Frequent Lubrication
Opportunities:
Increasing Production in Bakery and Cheese Industry and The High Demand for Modular Chain in Crop Harvesting Machines
Market Leaders and their expansionary development strategies
In April 2024, Silvaco and GaN Valley have partnered for semiconductor research, utilizing Silvaco’s technology computer-aided design (TCAD) and EDA software and designing IP solutions alongside GaN Valley’s gallium nitride production expertise. This collaboration promises compatibility and advancements in semiconductor technology.
On June 13, 2023, Toyota Motor Corporation (Toyota) recently held a technical briefing session, "Toyota Technical Workshop," under the theme "Let's Change the Future of Cars" and announced a variety of new technologies that will support its transformation into a mobility company.
Key Target Audience
Modular Chain Drive Manufactures, Modular Chain Drive Suppliers, Modular Chain Drive Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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.