Sprocket Market Sales Accounts Over a Value of US$ 8.6 Bn by 2031

Over the period of 2021 to 2031, the global sprocket market is anticipated to grow at a robust CAGR of 7% and surpass US$ 8.6 billion in market value. Over the next 10 years, steel sprockets will continue to be in great demand across industries, with a market share of over 80%.

For power transmission and motion in end-use sectors like automotive, building and construction, food and beverage, glass and plastic, textiles, and many more, sprockets are a crucial component of a machine. Their wide range of uses include generating linear motion in motorbikes, bicycles, and powersports when combined with chains.

The Fact.MR study report on the Global Sprockets market& gives you a quick overview of The research offers a comprehensive examination of the global Sprockets Market, including market dynamics, significant regional trends, and country-level market sizes. According to both value and volume, the research gives the market's historical, current, and anticipated sizes. Value Chain Analysis and SWOT are used to analyse the market.

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Sprocket sales are still rising globally, thanks in large part to the expansion of industrial industries. Over the 2022-2031 forecast period, increasing demand from the automotive industry will also help to enhance market growth.

Key Players:

• Tsubakimoto Chain Group
• Martin Sprocket and Gear Inc.
• Rexnord Corporation
• Regal Beloit
• SKF Group
• Renold PLC
• PT international (Solve industrial Motion Group)
• ABB
• Boston Gear (Altra Industrial Motion)
• Lovejoy (The Timken Company)

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Key Market Segments

Pitch:
• Standard
o Below 1/2 Inch
o 1/2 - 1 Inch
o 1 - 1.5 Inch
o 1.5 - 2 Inch
o Above 2 Inch

• Customized
Material

• Steel:

o Stainless Steel
o Carbon Steel
• Cast Iron
• Thermoplastics
• Others

Bore:
• Plain
• Taper Lock

Strand:

• Simplex
• Duplex
• Triplex

Application:

• Conveyors
• Rotor Roller
• Other Drives

End Use Vertical:

• Bicycles
• Motorcycles
• Building & Construction
• Food & Beverages
• Glass & Plastic
• Textiles
• Agricultural Equipment
• Others

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Regions covered in Thermoelectric Refrigerator Mixer Market report:

• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe)
• Asia Pacific (China, Japan, India, Indonesia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)

The global Sprockets market is characterized by several leading factors, with each factor playing a crucial role in the growth of the industry. The growing demand for products coupled with easy availability of the same has helped the industry flourish across the globe

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