Press release
Modular Chain Drive Market Reflecting a CAGR of 8.0% by 2025
Modular Chain Drive Market
The Modular Chain Drive Market is expected to experience significant growth over the forecast period, with a compound annual growth rate (CAGR) of nearly 8% by 2025. Modular chain drives are an efficient way to transmit power between two or more rotating shafts, and they have gained immense popularity among various industrial sectors.
Modular chain drives can be used to transfer mechanical power from one rotary shaft to another. It maintains a positive speed ratio between the drive sprocket and the engine and produces a positive power transmission in terms of speed and torque ratio. The automotive and manufacturing industries often use modular chain drives.
Compared to belt drives, modular chain drives have several advantages: they are more compact, offer good performance at high temperatures, can operate in wet conditions, and can be used as reversing devices. They are more efficient than belt drives because there is no power loss due to slippage.
Click on Sample Report Link: https://www.persistencemarketresearch.com/samples/15592
Modular Chain Drive Market: Dynamic
The major driving factor for the global modular chain drive market is the massive investment in innovation of modular chain drive to add more features to make the modular chain drive more efficient. Another driving force for the global modular chain drive market is the growing automotive industry due to high demand for vehicles. The manufacturing industry is one of the major drivers of the modular chain drive market across the globe, owing to the growing demand for automation in the manufacturing industry.
Increasing demand for flat top chains due to their long service life combined with high strength is the driving force behind the global market for modular chain drives. Increasing output in the bakery and cheese industry due to the introduction of modular chains for the production of bakery and cheese products will help boost the modular chain drive market globally.
Another significant factor driving the global modular chain market is the growing agricultural sector owing to the high demand for modular chains in harvesters. Rapid growth in the beverage industry owing to high demand for modular chain drive conveyors in the bottling process is driving the growth of the modular chain drive market globally.
The major limiting factors for global modular chain drives are high maintenance costs and frequent greasing. Another factor limiting the growth of the global modular chain drive market is the high cost and standards of the modular chain drive market. Key players in the modular chain drive market are focusing on business growth by opening new facilities in North America, and increasing mergers and acquisitions with domestic manufacturers is a major trend in the global modular chain drive market.
Modular Chain Drive Market - Segmentation
Consumer goods industry
• Automotive
• Pharmaceuticals
• Food & Beverages
• Agriculture
• Mining
• Defense
• Logistics
• Packaging
Material type
• Plastic
• Metal
Product type
• Spiral
• Straight
• Radius
Click on Custom Report Link: https://www.persistencemarketresearch.com/request-customization/15592
Modular Chain Drive Market: Regional Outlook
On the basis of region, the modular chain drive market is segmented into seven regions, including Western Europe, North America, Latin America, Eastern Europe, Japan, Asia Pacific ex Japan, and Middle East and Africa. Among the above regions, North America has a high market share in the global modular chain drive market, followed by Western Europe due to high demand for modular chains in agriculture and pharmaceutical industries, with fast-growing automotive and manufacturing industries in Western Europe. It is expected to have a high occupancy rate over the period. Records record growth in the modular chain drive market.
The North American modular chain drive market is expected to witness high growth rates during the forecast period, owing to significant investments in R&D of modular chain drives for agricultural systems. In the Asia-Pacific region, positive growth is expected in the global modular chain drive market due to high industrial demand in emerging markets such as China and India. Japan will see great growth in modular chain drives due to high demand from the automotive industry.
Some of the prominent players in the modular chain drive market include:
• TSUBAKIMOTO CHAIN CO.
• Haberkorn Ulmer s.r.o.
• KONE NEW ZEALAND
• Habasit AG
• Regal Beloit Americas, Inc
• Wippermann jr. GmbH
• GEPPERT-Band GmbH
• Interroll (Asia) Pte. Ltd.
• Pro Handling Solutions
Click the link to pre-order the report: https://www.persistencemarketresearch.com/checkout/15592
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Expert analysis, actionable insights, and strategic recommendations - the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Modular Chain Drive Market Reflecting a CAGR of 8.0% by 2025 here
News-ID: 2891935 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Modular
Prominent Modular Kitchen Market Trend for 2025: Advancements In Modular Kitchen …
What industry-specific factors are fueling the growth of the modular kitchen market?
The significant surge in the residential construction industry has a considerable impact on the expansion of the modular kitchen market. The rising number of property projects and the escalating demand for compact homes are boosting the growth of the modular kitchen market. For instance, the Office for National Statistics, a UK government agency, reported in November 2023 that the…
Multifamily Modular Construction Market Demand Makes Room for New Growth Story: …
Latest Study on Industrial Growth of Global Multifamily Modular Construction Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Multifamily Modular Construction market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the…
Modular Systems Installation Services Market Implications for Biotechnology 2023 …
Modular Systems Installation Services Market Research Report Provides the Newest Industry Data and Industry Future Trends, allowing you to Identify the Products and End Users Driving Revenue Growth and Profitability.
The Modular Systems Installation Services Market is expected to reach USD 139.03 billion by 2029, up from 82.3 billion in 2022, at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Modular systems installation services refer to the…
Multifamily Modular Construction Market by Manufacturers: Guerdon Modular Buildi …
Multifamily Modular Construction Market research report includes the competitive landscape that involves leading companies and adopting strategies to introduce new products, announce partnerships, and collaborate to contribute to market growth. Moreover, the report elaborates on numerous customers' journeys related to this industry, regions, and segments. The Multifamily Modular Construction Market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions.
Request a Free PDF…
Multifamily Modular Construction market: Analysts Predict Market to Reach New He …
"
The global Multifamily Modular Construction Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Multifamily Modular Construction Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
Multifamily Modular Construction Market 2020-2026 | In Depth Analysis with Top K …
The research report on the Multifamily Modular Construction Market is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have…
