Global Chain Drives Market to reach USD 6.58 Billion by 2027. Global Chain Drives Market is valued approximately at USD 5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2021-2027. Chain drives are appropriate for small lengths and operate at excessive speed. Easy and efficient functionality even in excessive temperatures, smooth installation and resistance to water, oil, chemical substances and sunlight are some of the important benefits of chain drives. They have got huge business applications for numerous purposes inclusive of rigging and moving heavy materials, and working conveyor belts. The increasing construction operations due to growing industrialization and growing automation in end-use industries are the factors which are driving the growth of Chain Drives market. Furthermore, advancement and development in automotive engineering sector will be anticipating the growth of market in forecasted period. For instance: In April 2019, The Timken Company has acquired The Diamond Chain Company. This acquisition strategy helped the company to increase its business in the engineered industrial chain segment. However, availability of fake, unauthorized, counterfeit products may impede market growth over the forecast period of 2021-2027.

Global Chain Drives market analysis on basis of region includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share due to high demand for chain drives in different end-use industries in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to development of infrastructure in the region.
Major market player included in this report are:

Regal Beloit
Renold
Rexnord
SKF
The Timken Company
Tsubakimoto Chain Co.
Brammer
John King Chains
Diamond Chain Company, Inc.
Kraftmek

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Roller Chains
Silent Chains
Leaf Chains
Others
By End-use:
Industrial Sector
Heavy Equipment Industry
Agricultural Equipment Industry
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Chain Drives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors