Market Definition / Research Scope
Machinery and automotive sprockets are devices used in the dissemination of rotary motion between two shafts. They are made of cast iron and other cost-efficient material. Sprockets apply mainly to any wheel in which its radial projections employ a chain passing over it.
Machinery and automotive sprockets are also utilized to transmit linear motion to a track or tape. Automotive sprockets are produced from high-grade iron to provide top productivity, high precision, and capability in every chain system.
Machinery and automotive sprockets are majorly used in the automotive industry to produce tracked cars, bicycles, vehicles, motorcycles, and other automotive products. Automotive sprockets are useful in simplifying the linear motion of automobiles. Moreover, machinery and automotive sprockets have elements made of robust and non-corrosive material. This is to guarantee long-lasting life to automobiles even in difficult industrial environments.
Building and Automotive Sprockets Market size shall reach a value of $x Million in 2031, growing with a CAGR of 10.3% during the forecast period of 2022 to 2031.
Building and Automotive Sprockets Market Growth and Trends
Driving factors for the Industry :
• Machinery and automotive sprockets are extensively used in automotive manufacturing industries for the production of vehicles, cars, bi-cycles and other automotive products in order to provide high precision, high efficiency, top productivity. This is one of the major key factors driving the growth of the global industrial machinery and automotive sprockets in the recent years.
• Rapid growth in population worldwide and their high dependency on automobiles for daily activities is anticipated to boost the growth of the global industrial machinery and automotive sprockets market in the recent years.
• The global industrial machinery and automotive sprockets are made of non-corrosive, efficient and robust material to ensure longer life and lesser wear-tear possibilities to the auto mobiles to with stand even in harsh and uncertain industrial environmental condition.
• Growing traffic congestion problem in developed and developing countries all over the world is expected to accelerate the demand of the production of motorcycles on a global basis. This in turn will push the growth of the global industrial machinery and automotive sprocketsmarket over the upcoming years.
• Asia-Pacific, Middle East, NorthAmerica, Europe are leading consumer sectors for the global industrial machinery and automotive sprockets. This is because of the consistent urbanization and growing population and therefore growing investments in the automotive transportation, construction and manufacturing industries by the consumers with disposable income. This in turn is estimated to boost the growth and demand for the global industrial machinery and automotive sprockets market in near future.
Challenges for the Industry :
• Rising air pollution, contamination and tail pipe emission by automobiles is a major restricting factor hindering the growth of the global industrial machinery and automotive sprockets market in the near future.
• Government of various developed and developing countries all over the world are aggressively placing strict rules on supporting electric vehicles for transportation which in turn can hamper the demand and growth of the global industrial machinery and automotive sprockets market across the world.
Building and Automotive Sprockets Market Regional Analysis
The Asia Pacific dominates the market because of the rapid demand in the automobile, transport, and construction industry, and urbanization. Countries like United States, Canada, Mexico, Brazil, and Greenland, because of the rapid increase in automobile and construction sectors’ industries and rising traffic congestion, contribute significantly. Germany, Netherlands, Greece, France, Italy, Switzerland and Sweden are growing at a very spontaneous rate because of the rising demands and sales of the machinery sectors and the rise in the population and increased disposable income growth. The Middle East and African countries are growing at a very sluggish rate because of the lack of machinery.
Building and Automotive Sprockets Market Share and Competition
Key companies operating in this industry are: Rolcon Engineering Co. Ltd., KettenWulfBetriebs GmbH, J R Engineers, LG Balakrishnan & Bros Ltd., Omax Autos Ltd., Felix Enterprises Pvt Ltd., Tsubakimoto Chain Co., Martin Sprocket & Gear, Rexnord Corporation, Sintercom India Limited, Schaeffler Technologies AG & Co. KG, Rydon Industries Private Limited, and Scoot Manufacturing Company. Similar industries in this domain that is growing at a high CAGR include Tire Building Machinery Market and Global Building Information Modeling (BIM) Market.
Building and Automotive Sprockets Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2022 - 2031)
• Double duty automotive chain sprockets
• Hunting tooth automotive chain sprockets
• Skip tooth automotive chain sprockets
• Gap tooth automotive chain sprockets
• Draw bench automotive chain sprockets
• Segmental rim automotive chain sprockets
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Passenger cars
• Light commercial vehicles
• Heavy commercial vehicles
• Two wheelers
• Elevators
• Others
Types of Sprockets Analysis (Revenue, USD Million, 2022 - 2031)
• Double pitch sprockets
• Multiple strand sprockets
• QD (Quick Disconnect) sprockets
• Taper-Lock sprockets
• Steel split sprockets
• Double single sprockets
• Idler sprockets
• Double plus sprockets
Business Type Analysis (Revenue, USD Million, 2022 - 2031)
• Manufacturer
• Wholesaler
• Distributor
• Supplier
• Retailer
Industry Analysis (Revenue, USD Million, 2022 - 2031)
• Durable goods manufacturing industry
• Non-durable goods manufacturing industry
• Mining
• Construction industry
• Automotive
• Electronics
• Aerospace and defense
• Metal fabrication industry
• Industrial machinery
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Building and Automotive Sprockets Market Companies
• Rolcon Engineering Co. Ltd.
• KettenWulfBetriebs GmbH
• J R Engineers
• LG Balakrishnan & Bros Ltd.
• Omax Autos Ltd.
• Felix Enterprises Pvt Ltd.
• Tsubakimoto Chain Co.
• Martin Sprocket & Gear
• Rexnord Corporation
• Sintercom India Limited
• Schaeffler Technologies AG & Co. KG
• Rydon Industries Private Limited
• Scoot Manufacturing Company
Available Versions: -
United States Building and Automotive Sprockets Market Research Report
Europe Building and Automotive Sprockets Market Research Report
Asia Pacific Building and Automotive Sprockets Market Research Report
India Building and Automotive Sprockets Market Research Report.
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