The "Chain Drives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Chain Drives estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$5.7 Billion by 2027, growing at a CAGR of 2.7% over the analysis period 2020-2027.
Industrial Sector, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$3.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heavy Equipment Industry segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The U. S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 5% CAGR
The Chain Drives market in the U. S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
Agricultural Equipment Segment to Record 2.4% CAGR
In the global Agricultural Equipment segment, USA, Canada, Japan, China and Europe will drive the 2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$668.5 Million in the year 2020 will reach a projected size of US$767.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$774.7 Million by the year 2027, while Latin America will expand at a 3.2% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Brammer UK Ltd.
John King Chains Limited
Ramsey Products Corporation
The Diamond Chain Company
The Timken Company
TIDC India (Rambo Chain)
Tsubakimoto Chain Co. (Tsubaki Group)
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Chain Drives Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Chain Drives Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Chain Drives Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
Chain Drives Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Industrial Sector (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
Industrial Sector (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
Industrial Sector (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
Heavy Equipment Industry (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
Heavy Equipment Industry (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
Heavy Equipment Industry (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
Agricultural Equipment (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
Agricultural Equipment (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
Agricultural Equipment (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/l0n8je
View source version on businesswire.com: https://www.businesswire.com/news/home/20200915005616/en/
Laura Wood, Senior Press Manager
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