Global Industrial Chain Market Size By Type (Roller Chains, Leaf Chains), By Application (Automotive, Food And Beverage), By Geographic Scope And Forecast

Industrial Chain Market Size And Forecast

Industrial Chain Market size was valued at USD 4.01 Billion in 2024 and is projected to reach USD 5.6 Billion by 2031, growing at a CAGR of 4.25% from 2024 to 2031.

The major factors driving the Industrial Chain Market growth are increasing industrialization, urbanization, and demand for transportation, owing to the economic growth in several countries globally. Additionally, the availability of cheap raw materials and labor in developing countries of the world, such as China and India, is attributed to support the market growth during the forecast period. The Global Industrial Chain Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Industrial Chain Market Definition

The industrial chain, also called the supply chain, includes activities that create and distribute products or services. The process also involves the movement of goods and services from raw materials into finished products, as well as finance, associated information, and logistics flows. The market is divided into upstream, midstream, and downstream. The upstream process involves extracting and producing raw materials through drilling, mining, etc.

The midstream process involves processing the raw materials into intermediate products such as chemicals, plastics, etc. Finally, the downstream process involves the manufacturing and distribution of finished products. Efficient management of the industrial chains is essential for the business to remain competitive. By optimizing the supply chains, businesses can reduce wastage, and improve communication and coordination between the supply chain partners, thereby improving cost-effectiveness and productivity.

Global Industrial Chain Market Overview

The growing number of industrial projects globally is a critical factor driving the market’s growth. Additionally, growing industrial outputs and increasing industrialization globally are expected to drive the market’s growth. For instance, India’s Industrial Production grew by 4.3% in December 2022. The article also stated the output of the manufacturing sector grew by 2.6% in December 2022. The increased industrial production is expected to drive the demand for the industrial chains to optimize the production processes and manage the operations of the manufacturing units.

The adoption of automation in the manufacturing and service sector is expected to witness lucrative growth. Moreover, rising demand for cost-efficient, practical, and light materials has led to the development of materials such as carbon fiber reinforced plastics that offer additional advantages such as more pressure handling and extensive working environments is driving the demand for these materials. Additionally, the growing demand for vehicles owing to the increased urbanization and rising disposable income of the population is driving the market growth.

Global Industrial Chain Market Segmentation Analysis

The Global Industrial Chain Market is Segmented on the basis of Type, Application, And Geography.

Industrial Chain Market, By Type

• Roller Chains
• Leaf Chains
• Other

Based on Type, the market is segmented into Roller Chains, Leaf Chains, and Other. The roller chain segment dominated the market in 2022 owing to the wide applications of the chains in various industries such as food and beverage, automotive, and construction, among others. The chains offer advantages such as a high strength-to-weight ratio, being capable of working at high speeds, and ease to repair and maintenance. The leaf chains segment is expected to grow considerably during the forecast period. These chains are flat plates instead of cylindrical rollers and are used for applications such as wind turbines, automated storage and retrieval systems, automotive manufacturing lines, mining equipment, and steel mills, among others, which is driving their adoption.

Industrial Chain Market, By Application

• Automotive
• Food and Beverage
• Construction
• Others

Based on Application, the market is segmented into Automotive, Food and Beverage, Construction, and Others. The automotive segment held the largest share in 2022 due to the rising demand for vehicles and e-vehicles. Additionally, the manufacturers are looking to improve the fuel efficiency of the vehicles by adopting lightweight materials, which is driving the segment growth. The construction segment is expected to witness lucrative growth during the forecast period owing to the increasing urbanization in developing countries globally.

Industrial Chain Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on regional analysis, the Global Industrial Chain Market is classified into the Middle East & Africa, North America, Asia Pacific, Europe, and Latin America. North America contributed the largest share in 2022 due to the presence of advanced industries. There is an increased demand for automation that helps to streamline operations and reduce costs. Additionally, the rising production of automobiles in the region, especially e-vehicles are expected to drive the market’s growth. However, Latin America is expected to witness lucrative growth due to rising investments in infrastructure.

Key Players

The “Global Industrial Chain Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Tslibaki, DAIDO KOGYO, SKF, Renold, Zhuji Chain General Factory, Ewart Chain Ltd., Hangzhou Unibear, Rexnord, Donghua&KOBO, Dongyang, BANDO CHAIN, and Ketten Wulf.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In March 2023, Donghua Limited announced it will be supplying high-performance gripper chains to the UK. The chains are designed especially for conveying plastic film and sheets to vacuum chamber machines.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Industrial Chain Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Industrial Chain Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research