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4 months ago
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Sprockets Market to Reach a Valuation of Us$ 8.6 Bn by 2031-End

The global sprocket market is projected to expand at a healthy CAGR of 7% over the 2021 to 2031 time period, and reach a valuation of over US$ 8.6 Bn by 2031-end. Steel sprockets with remain highly sought-after across industries, enjoying a market share over 80% over the next ten years.

According to FactMR, Insights of Sprockets Market is a specialized and in-depth study of the industry with a special focus on the Key Trends of Sprockets Market is a Service. The report aims to provide an overview with detailed segmentation by type, application, end use and geography. The global is expected to witness high growth during the forecast period.

A survey offers detailed analysis on key growth drivers of Sprockets Market trends accelerating Sprockets Market sales globally. The survey also gives detailed analysis on the competitive landscape of Sprockets Market identifying key players and analyzing the impact of their growth strategies.    

Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=707?pk     

Key Players

  • Tsubakimoto Chain Group

  • Martin Sprocket and Gear Inc.

  • Rexnord Corporation

  • Regal Beloit

  • SKF Group

  • Renold PLC

  • PT international (Solve industrial Motion Group)

  • ABB

  • Boston Gear (Altra Industrial Motion)

  • Lovejoy (The Timken Company)

Key Market Segments

Pitch

  • Standard

    •  Below 1/2 Inch

    •  1/2 – 1 Inch

    •  1 – 1.5 Inch

    •  1.5 – 2 Inch

    •  Above 2 Inch

  •  Customized

Material

  • Steel

    •  Stainless Steel

    •  Carbon Steel

  •  Cast Iron

  •  Thermoplastics

  •  Others

Bore

  • Plain

  •  Taper Lock

Strand

  • Simplex

  •  Duplex

  •  Triplex

Application

  • Conveyors

  •  Rotor Roller

  •  Other Drives

End Use Vertical

  • Bicycles

  •  Motorcycles

  •  Building & Construction

  •  Food & Beverages

  •  Glass & Plastic

  •  Textiles

  •  Agricultural Equipment

  •  Others

Region

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia & Oceania

  • Middle East & Africa (MEA)

Key Strategies Adopted by Market Players

Modern sprockets have marked their presence in the power transmission industry for over a century. The 21st century led to the entry of innovation into reforming the sprockets in order to help and satisfy end users. Tsubakimoto has incorporated wear-indicator technology in its sprockets that give the operator a way to detect excessive wear before any huge failure occurs.

Manufacturers are evolving their laser-cutting machines to reduce tooling costs of plates. The most important trend to have gained customers’ attention is the availability of customized sprockets. This has also led to a decrease in downtime and rejection levels by a significant number.

Companies are also renovating their products for specific industries such as the use of anti-corrosive technology in the food and beverage industry. These trends help manufacturers to gain an edge over competitors and those who don’t evolve with time.

Get More insights on: https://www.factmr.com/report/707/sprockets-market

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