Industrial Roller Chain Drives Market – Trends and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–#Automation–Technavio’s latest report on the global
industrial roller chain drives market
provides an
analysis of the most important trends expected to impact the market
outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.


Raghav Bharadwaj Shivaswamy, a lead analyst from Technavio, specializing
in research on automation
sector, says, “The global
industrial roller chain drives market
is growing steadily
with growth across developing economies. Rapidly growing markets in Asia
and Latin America offer potential growth for the global industrial
roller chain drives market
.”

Vendors need to constantly establish their presence with advanced and
new products to the market to consolidate their existing market shares.
Vendors in the mature markets of Europe and the Americas face stiff
competition from their APAC counterparts, primarily due to cost
competitiveness of the latter. EMEA will drive the market for industrial
roller chain drives, owing to the growth of the industrial sector in the
region during the forecast period.

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The top three emerging trends driving the global industrial roller chain
drives market according to Technavio research analysts are:

Rise in mergers and acquisitions

M&A and market alliances by leading vendors are trends that will gain
considerable momentum during the forecast period. Vendors are trying to
diversify their businesses through increased investments in new avenues
to sustain a competitive power. The purpose is to intensify revenue
growth and prevent dependence on a single segment of chain drives.

Many manufacturers are also enhancing their current product
portfolio through M&A. Some international vendors are establishing
strategic alliances and partnerships with local vendors to explore the
indigenous market
,” according to Raghav.

Evolution of mid-sized excavators

The role of machines has been expanded, which will directly impact the
global industrial roller chain drives market. These excavators are
mostly used in the mining, construction industry, and onshore oil and
gas industry. The heavy-weight excavators can be driven for small
distances only, and they are difficult to repair due to their large size
and big moving parts.

The reduced tail-swing design is creating a big demand in the
applications of urban, road, bridge, and construction projects. This
type of excavators reduces a lot of barriers and provides a comfortable
working environment.

Growing R&D and innovations

Industrial roller chain drives product development, modernization, and
innovation is the need of the hour as the chain drive system represents
obsolete technology. Key manufacturers in the global industrial roller
chain drives market are innovating and working toward adding innovative
features and making new product types in chain drives in a bid to extend
the utility of such products.

The key vendors are as follows:

  • Iwis
  • Renold
  • Rexnord
  • Tsubakimoto Chain

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Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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