Global Chains and Sprockets Market for Material handling Equipment 2016-2020

  • TEC443120
  • 70 Pages
  • April 2016
  • Machines
About Chains and Sprockets Market for Material Handling Equipment

Chains and sprockets are used in various types of machinery to transmit energy and perform vital tasks during operation. The chains consist of interconnected links that mesh with the teeth of a sprocket. There are many types of chains and sprockets, such as the roller and engineering steel chains and sprockets used in the mining, agriculture, construction, material handling, and automotive industries.

Technavios analysts forecast the global chains and sprockets market for MHE to grow at a CAGR of 3.02% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global chains and sprockets market for MHE for the period 2016-2020. The report considers the sales of chains and sprockets used in conveyors and elevators to calculate the market size, as conveyors and elevators constitute 60% of the entire chains and sprockets market in terms of MHE.

The market is divided into the following segments based on geography:
North America

Technavio's report, Global Chains and Sprockets Market for Material Handling Equipment 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Chiaravalli Group
Rexnord Corporation
Tsubakimoto Chain

Other prominent vendors
Diamond Chain Company
Gates Corporation
Hangzhou Donghua Chain Group
Joh. Winklhofer Beteiligungs
Martin Sprocket & Gear
Suzhou Universal Group
Zhejiang Gidi Industrial Chain

Market driver
Increased use of rental MHE and miniaturization of conveyors
For a full, detailed list, view our report

Market challenge
Slowdown of Chinese economy
For a full, detailed list, view our report

Market trend
Strict regulations
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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