Friday, April 8th, 2016 - WiseGuyReports

WiseGuyReports.com adds“Global Chains and Sprockets Market For Material Handling Equipment 2016-2020”reports to its database. We can offer you discount on this report.

This market research study presents a detailed segmentation of the global chains and sprockets market for material handling equipment (MHE) by end users (durable goods, non-durable goods, mining and construction, and others) and by geography (Asia, Europe, North America, and ROW). The leading vendors in this market are Chiaravalli Group, Renold, Rexnord Corporation, and Tsubakimoto Chain.

Outlook of the global chains and sprockets market for MHE 
Technavio’s analyst predicts that the global chains and sprockets market for MHE is expected to grow at a modest CAGR of just over 3% during the forecast period. Automating industrial processes have helped manufacturers achieve results like consistency in product quality, higher accuracy in the production process and reallocating skilled workers to other areas. Such changes have been made possible by the use of industrial robots and automated material handling. Moreover, growth in IoT, cloud computing and Wi-Fi technology, flexibility and convenience have made automation possible for use in settings such as smart factories. Therefore, industrial automation is expected to enhance demand for elevators and conveyors and in turn, propel growth in the chains and sprockets market over the forecast period.

Strict regulations put in place by many countries have led to curtailed use of human labor in the food industry to avoid contamination. While testing food for quality during the manufacturing process is essential, the use of robots makes the entire process more hygienic. For instance, ratings like IP65 or IP67 are used to denote that robots can handle materials directly. This type of automation in the material handling equipment will drive the growth of the chains and sprockets market till the end of 2020.

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Segmentation by end-users and analysis of the chains and sprockets market for MHE 
-Durable goods 
-Non-durable goods 
-Mining and construction 
The durable goods manufacturing segment dominates the global chains and sprockets market and will retain close to 42% of the market share by the end of the forecast period. Industry segments like the automotive industry, electronics, and industrial machinery will be major drivers. The economies of many countries have rebounded since the 2008 recession and growth prospects for material handling equipment and in turn for chains and sprockets look very positive.

Geographical segmentation and analysis of the chains and sprockets market for MHE 
-Asia 
-Europe 
-North America 
-ROW 
Asia dominates the global chains and sprockets market significantly with over 30% market share. Asian countries will lead the global conveyor market by implementing automation in the manufacturing sector in industries such as food and beverages and automotive. Consequently, demand for chains and sprockets for conveyors and MHE will be positively impacted. Another sector which will drive up demand for chains and sprockets for MHE is logistics.

Competitive landscape and key vendors 
The global chains and sprockets market for MHE is very diverse due to the presence of several global and regional vendors. Many vendors are implementing innovative technologies so that they can customize chains and sprockets based on customer requirements and also provide good support services. Vendors are also focusing on APAC countries based on market demand in this region.

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Key vendors in the market are -

-Chiaravalli Group 
-Renold 
-Rexnord Corporation 
-Tsubakimoto Chain 
Other prominent vendors in the market are Diamond Chain Company, Gates Corporation, Hangzhou Donghua Chain Group, Joh. Winklhofer Beteiligungs, Martin Sprocket & Gear, Suzhou Universal Group, Zhejiang Gidi Industrial Chain, and KettenWulf.

Key questions answered in the report include 
-What will the market size and the growth rate be in 2020? 
-What are the key factors driving the global chains and sprockets market for MHE? 
-What are the key market trends impacting the growth of the global chains and sprockets market for MHE? 
-What are the challenges to market growth? 
-Who are the key vendors in the global chains and sprockets market for MHE? 
-What are the market opportunities and threats faced by the vendors in the global chains and sprockets market for MHE? 
-Trending factors influencing the market shares of the Asia, Europe, North America, and ROW. 
-What are the key outcomes of the five forces analysis of the global chains and sprockets market for MHE?

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For more information or any query mail at [email protected]

 

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