Global Automotive Chain Sprocket Market Overview:
Automotive chain sprockets play a vital role in the automotive industry in various business segments such as manufacturing cars, motorcycle and tracked vehicles among others. The reason behind its importance is because automotive chain sprockets help in transferring rotary motion between two shafts in cases where gears are found to be inappropriate for transmitting linear motion to a track or tape. Some of the key players profiled in the study are JT Sprockets (United Kingdom), Tsubakimoto Chain (Japan), SKF (Sweden), KMC Automobile Transmission (Taiwan), Schaeffler Technologies AG & Co. KG (Germany), S. Tsubaki Power Transmission, LLC (United States), KettenWulf Betriebs GmbH (Germany), KMC Chain Industrial (Taiwan), Linn Gear Co. (United States), Silcoms (United Kingdom) and MicroPoly (United States).
On the basis of geography, the market of Automotive Chain Sprocket has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Type, the sub-segment i.e. OEM will boost the Automotive Chain Sprocket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Production Type, the sub-segment i.e. Double Duty Automotive Chain Sprockets will boost the Automotive Chain Sprocket market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Demand for Vehicles Around the Globe
- Rise in Disposable Income and Need for Higher Power
- The Automotive Chain Sprocket Provides Higher Power and Improved Fuel Efficiency
- Weight and Periodic Maintenance are Major Factors Restraining the Market
- Incentives on e-vehicles and Increased Taxes on Traditional Vehicles
- The Growth Opportunities from Emerging Economies
- Aftermarket Opportunities
- Intense Competition Among Manufacturer
According to the World Health Organization (WHO), over 20 to 50 million people suffer non-fatal or minor injuries and around 1.25 million people die due to road accidents worldwide every year.
Target Audience:Automotive Chain Sprocket Manufacturers, Automotive Chain Sprocket Raw Material Suppliers, Automotive Chain Sprocket Traders/Distributors, Automotive Chain Sprocket Importer/Exporter, Industry Associations, End Users and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Automotive Chain Sprocket market on the basis of product [Standard Rolling, O Ring Chain and X Ring Chain] , application [Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Two Wheelers Automobile and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Chain Sprocket market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Chain Sprocket industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Madras Chain Corporation (India), HangZhou DongHua Chain Group Co., Ltd. (China) and Felix Enterprises (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Chain Sprocket market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.