Press release
Sprocket Market Projected To Expand At CAGR Of 7% Over 2021 To 2031 And Reach Valuation Of US$ 8.6 Bn
The global automotive industry is witnessing drastic changes as result of technological advancements and introduction of electric vehicles.
This will result in providing a boost to the sales of sprockets across regions. Furthermore, increasing demand from motorcycle OEMs will also complement demand growth over the forecast period.
With a wide range of application in end-use industries, such as linear motion in two wheelers, power transmission in building and construction, and the agriculture industry, demand for sprockets, especially steel sprockets, is set to increase at a faster rate in future.
To get in-depth information view the report
https://www.factmr.com/report/707/sprockets-market
Key Takeaways from Market Study
The global sprocket market is expected to grow 2X in value over the next ten years.
Plain bore sprockets are projected to hold a prominent market share in terms of value over the forecast period.
However, taper lock bore sprockets are projected to resister a higher growth rate of 7.4% in terms of value.
Below ½ pitch sprockets are estimated to account for 30% revenue share of the market by 2021-end, but are expected to lose 39 BPS by 2031.
To remain ‘ahead’ of your competitors, request for a sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=707
The thermoplastic segment is expected to expand at a CAGR of more than 8% in terms of value, to be valued at US$ 410 Mn by 2031-end.
Largest share is contributed by the building and construction segment in terms of sprocket demand, representing a CAGR of 7% across the forecast period.
Competitive Landscape
North America and Europe are home to leading sprocket manufacturers such as Renold PLC, Rexnord Corp., Regal Beloit, SKF Group, Altra Industrial Motion, and others.
For critical insights on this market, request for methodology here-
https://www.factmr.com/connectus/sample?flag=RM&rep_id=707
East Asia, followed by South Asia, are emerging regions with potential market players such as Tsubakimoto Chain Group, Senqcia Corporation, and others. Latin America and MEA are steadily progressing on the back of improving manufacturing facilities across these regions.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global sprocket market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
For in-depth competitive analysis, buy now
https://www.factmr.com/checkout/707/S
The study divulges essential insights on the market on the basis of pitch (standard and customized), material (steel, cast iron, thermoplastics, and others), strand (simplex, duplex and triplex), bore (plain and taper lock), application (conveyors, rotor rollers, and other drives),
End-use vertical (bicycles, motorcycles, building & construction, food & beverages, glass & plastic, textiles, agricultural equipment, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Content Source
https://www.factmr.com/media-release/1886/global-sprocket-market
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E-Mail: sales@factmr.com
Website : https://www.factmr.com/
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
This will result in providing a boost to the sales of sprockets across regions. Furthermore, increasing demand from motorcycle OEMs will also complement demand growth over the forecast period.
With a wide range of application in end-use industries, such as linear motion in two wheelers, power transmission in building and construction, and the agriculture industry, demand for sprockets, especially steel sprockets, is set to increase at a faster rate in future.
To get in-depth information view the report
https://www.factmr.com/report/707/sprockets-market
Key Takeaways from Market Study
The global sprocket market is expected to grow 2X in value over the next ten years.
Plain bore sprockets are projected to hold a prominent market share in terms of value over the forecast period.
However, taper lock bore sprockets are projected to resister a higher growth rate of 7.4% in terms of value.
Below ½ pitch sprockets are estimated to account for 30% revenue share of the market by 2021-end, but are expected to lose 39 BPS by 2031.
To remain ‘ahead’ of your competitors, request for a sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=707
The thermoplastic segment is expected to expand at a CAGR of more than 8% in terms of value, to be valued at US$ 410 Mn by 2031-end.
Largest share is contributed by the building and construction segment in terms of sprocket demand, representing a CAGR of 7% across the forecast period.
Competitive Landscape
North America and Europe are home to leading sprocket manufacturers such as Renold PLC, Rexnord Corp., Regal Beloit, SKF Group, Altra Industrial Motion, and others.
For critical insights on this market, request for methodology here-
https://www.factmr.com/connectus/sample?flag=RM&rep_id=707
East Asia, followed by South Asia, are emerging regions with potential market players such as Tsubakimoto Chain Group, Senqcia Corporation, and others. Latin America and MEA are steadily progressing on the back of improving manufacturing facilities across these regions.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global sprocket market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
For in-depth competitive analysis, buy now
https://www.factmr.com/checkout/707/S
The study divulges essential insights on the market on the basis of pitch (standard and customized), material (steel, cast iron, thermoplastics, and others), strand (simplex, duplex and triplex), bore (plain and taper lock), application (conveyors, rotor rollers, and other drives),
End-use vertical (bicycles, motorcycles, building & construction, food & beverages, glass & plastic, textiles, agricultural equipment, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Content Source
https://www.factmr.com/media-release/1886/global-sprocket-market
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E-Mail: sales@factmr.com
Website : https://www.factmr.com/
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
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