Below are some of the key findings from the chains and sprockets market in material handling equipment analysis report

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Global chains and sprockets market in material handling equipment overview

The diverse applications of chains and sprockets across industrial applications is one of the primary drivers for the market. The advantages of chains and sprockets such as superior durability in extreme conditions, low vibration, and high-load capacity encourage vendors to use these in material handling equipment. Moreover, chains and sprockets sustain for longer durations in industries, which results in its high demand among industrial applications. These factors increase the adoption of chains and sprockets for industrial use, hence driving the market.

The development of self-lubricated chains is one of the key trends in the global chains and sprockets market in material handling equipment. Self-lubricating chains can be lubricated once in a lifetime and ensure efficiency as well as convenience. Moreover, self-lubricating chains eliminate any kind of damage while heavy load carrying operation and also works under harsh conditions. These factors increase the demand for self-lubricating chains in material handling equipment, thus, positively impacting market growth. Researchers forecast the chains and sprockets market to grow at a CAGR of close to 4% during the forecast period.

Top chains and sprockets companies in material handling equipment covered in this report

The global chains and sprockets market in material handling equipment is highly fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this chains and sprockets market in material handling equipment analysis report is designed to help clients identify and build new growth strategies.

The report offers a detailed analysis of several leading chains and sprockets companies in material handling equipment, including:

• Regal Beloit
• Renold
• Rexnord
• Timken
• TSUBAKIMOTO CHAIN

 Chains and sprockets market in material handling equipment segmentation based on product

• Chains
• Sprockets

The chains segment held the largest chains and sprockets market share in material handling equipment in 2017. This segment will continue to dominate the market throughout the next five years.

Chains and sprockets market in material handling equipment segmentation based on region

• Americas
• APAC
• EMEA

APAC accounted for the largest chains and sprockets market share in material handling equipment in 2017. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global chains and sprockets market in material handling equipment for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the chains and sprockets market in material handling equipment during the next five years
• Precise estimation of the global chains and sprockets market size in material handling equipment and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the chains and sprockets market in material handling equipment across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of the chains and sprockets companies in material handling equipment

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