Industrial Chain Market Size, Share, and Industry Analysis, By Type (Roller Chain, Leaf Chain, Silent Chain, and Others (Specialized Chain)); By End-user (Manufacturing, Metals and Mining, Food Processing, Logistics, and Others (Industrial Mobility)), and Regional Forecast, 2024-2032

An industrial chain is the assembly of connected links that transfers the load through gear systems. The chain is fragmented into different types that include the widely used roller chain, leaf chain, silent chain, and other specialized chains. The chains are prominently used across industries such as manufacturing, metals and mining, gear operations, food processing machineries, logistics warehouse and transportation operations, and other industrial mobility solutions.

The global industrial chain market is experiencing a progressive growth owing to the increasing demand for industrial machineries and heavy investments into food processing units that helps the market expand in developing and developed countries. Further, the development of smart machines is one of the emerging trends in the market. Owing to the increasing need to meet the customer requirements, manufacturers are expected to meet mass customization with reduced cost and high in quality. Therefore, manufacturers are focused on designing smart machines and automation technology. The increasing demand for automation and unmanned operations is resulting in the growing demand for smart machines.

•For instance, in December 2023, the Coca-Cola System commissioned a new bottling plant in Senegal. The state-of-the-art facility represents a USD 50 million investment as a part of the process to reshape Coca-Cola’s presence in the country.

The COVID-19 pandemic has had a significant impact on the global industrial chain market. The product sales along with the manufacturing industry were negatively affected by the pandemic. Travel restrictions and supply chain constraints have made it even more challenging. However, in the post pandemic period, the incorporation of technologically advanced products with a robust built quality are projected to attract heavy demand especially from the semiconductor manufacturing industry and manufacturers of machining tools. The companies are also anticipated to venture into official supply contract with the potential customers to ensure and keep their loyal customer base intact.

Impact of Supply Chain on the Industrial Chain Market

The companies also quickly moved to hybrid distribution model to minimize the adverse effect on the business that was inevitable due to the heavy disruption of the product supply chain. The manufacturers initiated product placements over phone and online web portals to reduce the direct customer interaction and unnecessary visits to the trade counters. This would help ensure that these supply chains are more resilient and strong in the face of any other potential or unexpected events. Indeed, the increasing localization trend along with the focus on integrating sustainable practices will pave the way for the growth of the global industrial chain market in the coming years.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Impact of Generative AI on the Global Industrial Chain Market


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis By End User

Based on end user, the manufacturing segment is expected to be dominant owing to the growth in heavy industrial machineries in material handling and conveyor operations. Additionally, the demand for processing machines is growing exponentially owing to cost-reduction and time-saving benefits in the FMCG sector. At the same time, automated machines offer a flexible working process compared to conventional gear transmission, especially in the metals and mining industry. The use of roller chain products helps in accelerating the conveying operations and provides speed and energy efficiency.

• In April 2023, Tsubaki launched its plastic top chain compliant to TRUMPF-T/TRUMPF-TB Type that is suitable for saving space in the transfer section by adopting to a chain pitch of 19.05 mm.

Regional Analysis

The global industrial locksmith market is segmented into five regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

In 2023, Asia Pacific accounted for a major market share owing to rapid technological advancements in countries such as China and India and government policies on infrastructure development and the expansion of manufacturing. High labor costs and environmental concerns will create opportunities that would fuel industry expansion.

The industrial chain market in North America is benefiting from government push to use technology in the construction industry to achieve higher quality. Technological advancements, especially in the U.S., are driving the market growth. Strong focus on automation and innovation in industries such as automobile manufacturing and industrial machinery is fueling the product demand.

Strict European regulations on industrial safety, adoption of Industry 4.0 technologies,  emphasis on sustainability are the main factors driving the demand for quality industrial chains. Furthermore, raw material & oil drilling operations in the Middle East & Africa and mining services in South America are emphasizing on advanced materials and technologies that pushes the industrial chain market growth.

Distribution of the Global Industrial Chain Market, By Region of Origin:

• North America – 21%


• South America – 8%


• Europe – 23%


• Middle East & Africa – 11%


• Asia Pacific – 37%

Key Players Covered

The key players in this market include Rexnord, Renold, Wisconsin Oven Corporation, Timken, Roth Manufacturing, Spantech, Peer Chain, SKF, Kettenwulf Inc., Peter Prinzing GmBH, Hangzhou Chinabase Machinery Co., Ltd, U.S. Tsubaki Inc., Katayama Chain Co. Ltd., KOBO USA LLC, and Drives.

Key Industry Developments

• January 2024: Tsubaki group, a leading engineering components manufacturer, launched its newly advanced plastic modular chain designed for the humidity environment applications, especially for the lithium ion processes. The material is an all plastic chain with no material wear such as the metal chains.


• June 2023: Regal Rexnord Corporation, a global leader in the engineering and manufacturing control and power transmission component manufacturer, launched its 1104 Flushtop Mattop chain for high speed conveyor operations in the food and beverages industry.