Global Chains and Sprockets Market in Material Handling Equipment to grow at a CAGR of 3.52% during 2018-2022

Chains are used for carrying out basic functions, such as power transmission and conveying materials, within industries. They are manufactured using different types of materials, such as cast iron, cast steel, steel, and plastic and forged chains. These chains are used across different end-user industries according to the type of processes adopted to ensure optimum productivity. Sprockets are wheels with teeth around the outer edge, with the help of which they get attached to chains easily. Chains move against the teeth of the sprockets, thus forming a non-slippage structure to both chains and sprockets. Sprockets are components made from robust and non-corrosive materials, which ensure a long life of these components even in harsh industrial environments.

The global chains and sprockets market in material handling equipment to grow at a CAGR of 3.52% during the period 2018-2022. The report covers the present scenario and the growth prospects of the global chains and sprockets market in material handling equipment for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Key vendors
- Regal Beloit
- Renold
- Rexnord
- Timken
- TSUBAKIMOTO CHAIN

Other prominent vendors
- 4B
- ABB
- Allied Locke Industries
- Bea Ingranaggi
- Chain + Conveyor
- Chiaravalli Group
- Chinabase Machinery
- Cross & Morse
- Diamond Chain Company
- Dong Bo Chain
- Fastenal
- Gates
- HONGSBELT
- Industrias YUK
- Iwis
- John King Chains..........

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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