Research and Markets: Global Chain Drives Market 2015-2019 – Adoption of Alternative Drive Technologies a Key Market Trend
July 28, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/kdj9vf/global_chain) has announced the addition of the “Global Chain Drives Market 2015-2019” report to their offering.
The global chain drives market to grow at a CAGR of 3.27% over the period 2015-2019.
The report covers the present scenario and the growth prospects of the global chain drives market for the period 2015-2019. The following are some of the major end-users of the market: construction and mining industry, industrial machinery industry, and agriculture sector.
Adoption of alternative drive technologies is one of the major trends in the market. Alternate technologies that are highly energy efficient, such as variable frequency and electric drives, will likely impact the demand for chain drives. These electric drives offer greater benefits and are becoming more popular among end-user industries, thereby impeding the growth of the chain drives market.
According to the report, the extensive use of chain drives has provided an opportunity for chain drive vendors to increase their sales through replacement. Improper maintenance of chain drives and rusty working conditions have created a need for replacement, driving demand for new drives.
Further, the report states that chain have been used for decades, and the market for these devices is reaching maturity. Additional revenue from new fields are difficult to come by, which has led to a relatively stagnant growth rate.
Key Vendors
- Chiaravalli Group
- Renold
- Rexnord
- Tsubakimoto Chain
Other Prominent Vendors
- Diamond Chain
- Gates
- Joh. Winklhofer Beteiligungs
- Martin Sprocket & Gear
- Hangzhou Donghua Chain Group
- Suzhou Universal Group
- Zhejiang Gidi Industrial Chain
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/kdj9vf/global_chain
View source version on businesswire.com: http://www.businesswire.com/news/home/20150728005690/en/
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