Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.85 Billion | USD 4.48 Billion | 3.7% | 2021 |
FrequentlyAsked Questions
The global industrial roller chain drives market is projected to grow owing wide use of industrial roller chain drives in cement, chemical and petrochemical, and oil & gas industries will embellish the expansion of the global industrial roller chain drives market. Large-scale application of industrial roller chain drives in oil & gas drilling activities, foundry works, and die casting will enlarge the scope of expansion of the global market in years to come.
According to study, the global industrial roller chain drives market size was worth around USD 2.85 billion in 2021 and is predicted to grow to around USD 4.48 billion with a compound annual growth rate (CAGR) of roughly 3.7% between 2022 and 2030.
The global industrial roller chain drives market is anticipated to be dominated by the Asia-Pacific region in the coming years owing to the presence of a large number of industrial roller chain drives manufacturers in the countries such as China, India, and Japan. In addition to this, industry players in China are trying to expand their production capacities owing to large-scale demand for industrial roller chain drives from a slew of end-use industries in the country.
The global industrial roller chain drives market is led by players like Ewart Agri Services Ltd., PEER chain, KettenWulf Betriebs GmbH, AB SKF, Regal Rexnord Corporation, iwis engine systems India Pvt. Ltd., Allied-Locke Industries Inc, Diamond Chain Company Inc., Tsubakimoto Chain Co., HKK Corporation, Ramsey Products Corporation, John King Chains Ltd., Martin Sprocket & Gear, Inc., Renold PLC, Rubix Company, Tripcon Engineering Pvt. Ltd., and Wippermann junior GmbH.
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