Chain Drives Market 2023 : Chain drive is a way of transmitting mechanical power from one place to another. It is often used to convey power to the wheels of a vehicle, particularly bicycles and motorcycles. It is also used in a wide variety of machines besides vehicles.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Chain Drives estimated at US$ 4970.4 million in the year 2022, is projected to reach a revised size of US$ 5717 million by 2028, growing at a CAGR of 2.4% during the forecast period 2022-2028.
Geographically, Asia Pacific region is expected to drive the global market for chain drives on account of rising construction activities as well as the expansion of end-user industries such as oil and gas, cement, pulp and paper.
Top Key Players:
- The Timken Company
- Tsubakimoto Chain Co.
- Brammer
- Renold Plc
- Rexnord Corporation
- John Kings Chains
- Diamond Chain Company Inc.
- Kraftmek
- Ramsey Products Corporation
- Rambo Chain
Chain Drives Market By Applications
- Automotive
- Industrial Machinery
- Agriculture
- Others
Chain Drives Market By Types
- Transmission Chain
- Silent Chain
- Leaf Chain
- Roller Chain
- Others
- Conveyor Chain
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