The Europe industrial roller chain drive market size was valued at $503 million in 2021, and is projected to reach $676.7 million by 2031, registering a CAGR of 2.8% from 2022 to 2031. Industrial roller chain drive is a mechanism used for transferring mechanical power from one component or machinery to another. It includes a sprocket that drives a roller chain by engaging its tooth between the gap of two consecutive rollers. Thus, when the sprockets rotate, it transfers its energy to the chain, which is connected to a driven sprocket on the other machine; thereby, transferring mechanical power.
Roller chain drive is widely used for mechanical power transmission in various industries and machineries, owing to its advantages, such as high efficiency in power transmission, high power to weight ratio, and smaller footprint. Moreover, it is inexpensive and easy to maintain. Such advantages of industrial roller chain drives are anticipated to drive their demand during the forecast period.
Manufacturing is a major revenue generating sector in UK, Germany, France, and Italy. This is attributed to high disposable income of people and the large demand for personal care & home care products. Since, manufacturing industry utilizes industrial roller chain drives for mechanical power transmission, rise in demand for personal care and home care products is anticipated to drive the demand for industrial roller chains during the forecast period.
Furthermore, owing to rise in population fueled by migration, the demand for minerals such as copper, silver and zinc is growing rapidly. This is an instrumental factor in driving the growth of mining industry. Machineries in mining industry are the major users of industrial roller chain drives. Thus, rising demand in mining industry is expected to fuel of the industrial roller chain drive market growth.
By Material
Manufacturing is the largest segment, attributed to a large number of small scale Manufacturing facilities throughout Europe. Other is the fastest growing segment, owing to increased use of roller chain drives in agriculture and waste management facilities.
Moreover, owing the rise in population, the demand for food and other agricultural products has increased the use of roller chains in agro-industry. These factors are anticipated to positively drive the demand for Europe industrial roller chains in the forecast period.
Key market players in the industrial roller chain drive market offer a wide range of offerings to cater to all types of needs from their customers. iwis, a global provider of industrial machineries and components offers a wide range of industrial roller chain drives such as standard roller chains, double pitch roller chains, side bow chains, roller chains with vulcanized elastomer profiles and others. Furthermore, Renold plc, a manufacturer of industrial machineries and components offers industrial roller chains that are known for low maintenance chains, abrasion resistant chains, corrosion resistant chains, and others.
By Application
Power transmission is the largest segment, owing to extensive use of single strand chains for Power transmission applications in a large number of industries. Conveyor is the fastest growing segment, attributed to rise in number of warehouses and increase in demand for conveyor systems.
The novel coronavirus had rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components of industrial roller chain drives due to lockdown. The economic slowdown initially resulted in downturn of manufacturing and mining industries. However, owing to the introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022 the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of industrial roller chain drives manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, introduction of various government initiatives to support the growth of small-scale industries is expected to provide lucrative opportunities for the Europe industrial roller chain drives market growth.
By Type
Single-strand Chain is the largest segment, owing to its cost effectivness and wide range of applicability. Double-pitch Chain is the fastest growing segment, attributed to its application in conveyor systems.
The Europe industrial roller chain drive market is segmented on the basis of standard, type, application. end user and region. By standard, the market is bifurcated into British Standard Chain (BS), American National Standards Institute Chain (ANSI) and other. By type, the market is categorized into single-strand chain, double pitch chain, multi-strand chain and others. On the basis of application, it is categorized into power transmission, conveyor, and hoisting and hauling. And on the basis on end user, the market is categorized into manufacturing, mining, material handling and others.
By Standard
BS chains is the largest segment, owing to its wide acceptance in many European countries. Other is the fastest growing segment, owing to many national quality standards in Europe.
Competition Analysis
Key companies profiled in the Europe industrial roller chain drive market report include Diamond Chain Company Inc., Ditton Driving Chain Factory, Fordertechnik Kenizler GmbH, Hangzhou Donghua Chain Groups CO.Ltd., Hengjiu Group, IWIS Antriebssysteme GmbH & Company KG, Kettentechnik Roeder GmbH, KMC, Regal Rexnord Corporation, Renold plc., Sugiyama Chain Co., Ltd., Tsubakimoto Chain Co., Wippermann Jr. GmbH, Z.M.C. Italia and Topbas Group.
By Country
Germany is the largest market, owing to a developed manufacturing industry and large number of small scale manufacturing facilities.
Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging Europe industrial roller chain drive market trends and dynamics.
- In-depth Europe industrial roller chain drive market analysis is conducted by constructing market estimations for key market segments between 2021 and 2031.
- Extensive analysis of the Europe industrial roller chain drive market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The Europe industrial roller chain drive market forecast analysis from 2022 to 2031 is included in the report.
- The key players within Europe industrial roller chain drive market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Europe industrial roller chain drive industry.
Europe Industrial Roller Chain Drive Market Report Highlights
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Analyst Review
The Europe industrial roller chain drive market has witnessed significant growth in past few years owing to steady growth of manufacturing sector.
The rise in demand for manufactured products in countries such as Germany, France, Italy, and UK fuels the European manufacturing industry; thereby’ driving the demand for industrial roller chain drive. Furthermore, increased population is fueling the demand for processed food and agro-industry, thereby further boosting the use of industrial roller chains. Furthermore, the rise in number of waste management facilities is expected to positively influence the Europe industrial roller chain drives market.
Moreover, various government initiatives to support manufacturing sector and encouraging global trade are anticipated to provide lucrative growth opportunities for the Europe industrial roller chain drives market.
The Europe Industrial Roller Chain Drives Market size was $503 million in 2021 and is projected to reach $676.7 million in 2031, growing at a CAGR of 2.8% from 2022 to 2031.
The forecast period considered for the Europe Industrial Roller Chain Drives Market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
The base year considered in the Europe Industrial Roller Chain Drives Market is 2021.
The report for Europe Industrial Roller Chain Drives Market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.
On the basis of type, single strand chain segment is expected to be the most influencing segment in the Europe Industrial Roller Chain Drives Market.
Based on the end-user industry, in 2021, the manufacturing segment generated the highest revenue, and is projected to grow at a CAGR of 2.8% from 2022 to 2031.
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