Europe Industrial Roller Chain Drives Market Expected to Reach $0.67 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Europe Industrial Roller Chain Drives Market by Standard, Type, Application, and End-User Industry: Europe Opportunity Analysis and Industry Forecast, 2022–2031,” the Europe industrial roller chain drive market size was valued at $0.50 billion in 2021 and is projected to reach $0.67 billion by 2031, registering a CAGR of 2.8% from 2022 to 2031.

Industrial roller chain drives are a type of mechanical power transmission equipment that are extensively used in industrial machinery, conveyor systems. These systems are easily available and easy to install. The market is segmented on the basis of standard, type, application. end user and region. By standard, the market is fragmented into British Standard Chain (BS), American National Standards Institute Chain (ANSI), and other. By type, the market is categorized into single-strand chain, double pitch chain, multi-strand chain, and others. Among these, the single-strand chain segment accounted for the highest market share in 2021, owing to inexpensiveness, low maintenance, and easy repairability. 

On the basis of application, it is categorized classified into power transmission and conveyor. By end user it is based on manufacturing, mining, and others. The market is mainly driven by rise in manufacturing, mining, and material handling sector. However, the inherent problem of vibration in roller chains at high speeds constraints the growth of the market. Furthermore, on the basis of end users, the mining sector is anticipated to grow rapidly, during the forecast period, owing to rise in disposable income of people across the world, who have increased the demand for manufactured products. 

In 2021, Germany dominated the Europe industrial roller chain drive market, in terms of revenue, followed by UK and France. Moreover, the market in Poland is anticipated to grow with high CAGR, owing to growth in manufacturing industry. Industrial roller chains are now being used in industries such food processing and paper & pulp processing, owing to advanced features such as higher wear resistance and lubricant free operation. 

In addition to this, governments in various emerging economies have introduced initiatives to support the growth of small-scale industries. This is anticipated to provide lucrative opportunities for the growth of the Europe industrial roller chain drives market. For instance, Tsubakimoto Europe B.V. offers a wide range of lube free roller chains, that have low maintenance cost and offer high productivity. Furthermore, advancements in manufacturing technologies in countries such as Poland and Hungary are anticipated to positively influence the Europe industrial roller chain drives market.

However, during the pandemic lockdown, various manufacturers in the industrial roller chain drives market had to stop their business in countries such as Germany, Italy and UK. This break directly impacted sales of industrial roller chain drive manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for industrial roller chain drives; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key companies profiled in the Europe industrial roller chain drive market report include Diamond Chain Company Inc., Ditton Driving Chain Factory, Fordertechnik Kenizler GmbH, Hangzhou Donghua Chain Groups CO.Ltd., Hengjiu Group, IWIS Antriebssysteme GmbH & Company KG, Kettentechnik Roeder GmbH, KMC, Regal Rexnord Corporation, Renold plc., Sugiyama Chain Co., Ltd., Tsubakimoto Chain Co., Wippermann Jr. GmbH, Z.M.C. Italia  and Topbas Group. 

Key Findings of the Study 

• The report provides an extensive analysis of the current and emerging Europe industrial roller chain drive market trends and dynamics.  
• Depending on type, the single-strand chain dominated the industrial roller chain drive market, in terms of revenue in 2021 and double pitch chain is projected to grow at a significant CAGR during the forecast period.
• By application, power transmission segment accounted for the registered highest revenues share in 2021.
• By end user, manufacturing segment registered highest revenue in 2021.
• LAMEA is projected to register highest growth rate in the coming years. 
• The key players within the Europe industrial roller chain drive market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the industrial roller chain drive industry. 
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.  
• In-depth industrial roller chain drive market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.