About Chain Couplings
Chain couplings are refer as the product which are utilized to transmit power between two shafts and to transmit more than hundreds of horsepower of energy. Chain couplings basically use sprockets and double wide roller chains to operate as flexible couplings. They are installed off the end of a motor or reducer that is gearbox and utilized to connect to a machine for efficient power transmission.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Several chain couplings companies are investing in powerful, state-of-the-art control instrumentation as a result of spiraling demand for technologically advanced products from emerging end-use industries. This is poised to result in growing competitive, environmental, and economic pressures to offer high-rated products with a shorter return on investment. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Chain Couplings 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.
ABB (Switzerland), Cross & Morse (United Kingdom), KANA Group (Japan), Regal Beloit (United States), Tsubakimoto Chain (Japan), Timken (United States), WMH Herion (Germany), Nozag (Switzerland), Linn Gear (United States), Challenge Power Transmission (United Kingdom) and Renold (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Chain Couplings market by Type (Roller Chain Couplings and Nylon Chain Couplings), Application (Heavy Industry, Material Handling Industry and Machine Tools Industry) and Region.
On the basis of geography, the market of Chain Couplings 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 Distribution Channel, the sub-segment i.e. Offline will boost the Chain Couplings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising technological penetration
Market Growth Drivers:
Need for less maintenance and High consumption of chain coupling in the material handling industry
Challenges:
Availability of substitutes in the market
Restraints:
High maintenance cost of Chain couplings
Opportunities:
Growing demand for improved energy efficiency across several end-use industries
In 2017, The Timken Company announced that it has acquired Torsion Control Products, Inc. The acquisition of Torsion Control solutions strengthens our current couplings business with technically differentiated solutions.
Key Target Audience
Industry Investors, Manufacturers, End User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations, Associations and Industry Bodies 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.