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Industrial Power Transmission Market is Forecasted to Reach US$ 11.0 billion in 2027, Says Stratview Research

03-14-2025 03:45 PM CET | Energy & Environment

Press release from: Stratview Research

Stratview Research

Stratview Research

The global Industrial Power Transmission Market is projected to witness a growth rate of 3.4% annually from 2022 to 2027, with an anticipated size of US$ 11.0 billion in 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Industrial Power Transmission Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/2377/industrial-power-transmission-market.html#form

Report Highlights: `
Market Size in 2027: US$ 11.0 billion
Growth (CAGR): 3.4% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Industrial Power Transmission Market:
The global Industrial Power Transmission Market is segmented Transmission Type, Application Type, End-Use Type and Region

Based on the transmission type: The industrial power transmission market is segmented as belt and chain. Chain is expected to remain the larger transmission type in the market during the forecast period. The wide usage of transmission chains in the chemical, agriculture, oil & gas, pharmaceutical, mining, and construction industries is one of the primary drivers of market expansion. Material handling, manufacturing, and agricultural & food processing equipment are just a few of the applications for industrial roller chains. Roller chains provide machine-driven power to a variety of industrial machinery. It is observed that the industrial belts are replacing industrial chains in some applications, owing to certain advantages of belts over chains, such as no requirement of frequent lubrication and reduced noise.

Based on the application type: The market is segmented as general industries, energy & others, construction materials, food & beverage, warehouse & distribution, lumber & aggregates, and agriculture. Warehouse & distribution is expected to be the fastest-growing application type in the market during the forecast period. The warehousing & distribution business is anticipated to grow significantly due to development of new technologies; increasing imports & exports and rapidly expanding e-commerce industry. A boom in commercial activity in rising economies, such as China, India, Indonesia, Russia, and Brazil, is further substantiating the warehousing & storage business.

Based on the end-user type: The market is segmented as OE and aftermarket. Aftermarket is expected to be the dominant segment of the market during the forecast period. Old chains and belts must be replaced to smooth operations as well as to save manpower, energy, and cost. Manufacturers are switching to new and technologically advanced products.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2377/industrial-power-transmission-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Asia-Pacific is expected to remain the largest as well as the fastest-growing market for industrial power transmission during the forecast period. This growth outlook is majorly attributed to the following-
• The market of industrial power transmission will grow significantly due to rapid industrialization in developing nations like China, India, and other South-East Asian countries.
• Other key factors responsible for the market growth are rising energy consumption in emerging economies and rising investments to incorporate sustainable and efficient infrastructure.

Industrial Power Transmission Market Drivers:
• Rising consumer acceptance, other factors that will drive the market growth are rising investments for technological advancements, favorable regulatory changes and supporting industrial reforms.

Top 10 Companies in the Industrial Power Transmission Market:
Stratview Research has identified the following companies as the top market players:
• AB SKF
• Bando Group
• Continental AG
• Dayco Corporate
• Gates Corporation
• Optibelt GmbH
• Regal Rexnord
• Regina Catene Calibrate Spa
• Schaeffler Group
• The Morse Chain
• The Timken Company

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Industrial Power Transmission Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Industrial Power Transmission Belt Market : https://www.stratviewresearch.com/2376/industrial-power-transmission-belt-market.html
• Industrial Power Transmission Chain Market: https://www.stratviewresearch.com/2375/industrial-power-transmission-chain-market.html

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Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

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