Automotive Chain Sprocket Market Report

Automotive Chain Sprockets are gaining traction in automotive manufacturing to manufacture cars, motorcycles, bicycles, and tracked vehicles. It has emerged as an efficient method of power transmission. Apart from offering better transmission, it offers benefits including low clamor levels during working, nearly zero slippage, and easy installation and operation.

Need to Improve Fuel Efficiency to Increase Adoption of Automotive Chain Sprocket

Growing need to improve fuel efficiency is calling for the usage of Automotive Chain Sprocket. Surge in the production and sales of vehicles is positively driving the demand for Automotive Chain Sprocket. Advent of self-lubricated chains is likely to emerge as a key trend in the Automotive Chain Sprocket market. Increasing industrial applications of Automotive Chain Sprocket is likely to bode well for the market. Also, retrofitting and renovation of old technology is fuelling the demand for Chain Sprockets in vehicles.

Manufacturers to Develop Lightweight Chain Sprockets in Coming Years

The report has studied the key manufacturers of Automotive Chain Sprocket including KMC Automobile Transmission, S. Tsubaki Power Transmission, LLC, Felix Enterprises, HangZhou DongHua Chain Group Co., Ltd., MicroPoly, Madras Chain Corporation, Renold, Silcoms, Automotive Chain Sprocket Market, Allied Locke, KettenWulf Betriebs GmbH, Schaeffler Technologies AG & Co. KG, SKF, Rockman Industries Ltd., Linn Gear, Martin Sprocket & Gear, Inc., Katayama, G&G Manufacturing, and Renold.

Key players are focusing on the development of Chain Sprockets with lightweight materials in order to improve the fuel efficiency of the vehicles. Furthermore, they are taking up technological advancements to meet the growing requirements of the vehicles.

Market Segmentation

By Product Type

●  Double duty automotive chain

●  Hunting tooth automotive

●  Skip tooth automotive

●  Gap tooth automotive

●  Draw Bench automotive

●  Segmental rim automotive

By Application

●  Passenger Cars

●  Light Commercial Vehicles

●  Heavy Commercial Vehicles

● Two Wheelers

● Others

The industry experts have predicted that the demand for double duty automotive chain will witness significant rise in the years to come on account of better shear strength in high shock loading applications. The report has also offered the key applications of Automotive Chain Sprocket including passenger cars, light commercial vehicles, heavy commercial vehicles, two wheelers, and others.

By Region

The industry experts have anticipated that North America and Europe will create huge demand for advanced chain sprockets. APAC is estimated to emerge as a promising region in the years to come on the back of growing automotive sector. Surge in the automotive production and sales in China and India is also positively impacting the growth of the Automotive Chain Sprocket market in Asia Pacific. The region will create rewarding prospects for the manufacturers owing to availability of low cost of raw material and labor.

The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.

Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.