- The key vendors in the global chain drives market 2015-2019 are Chiaravalli Group, Renold plc, Rexnord Corp. and Tsubakimoto Chain Co.
London, 18 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global chain drives market 2015-2019. Adoption of alternative drive technologies is one of the major trends emerging in the market. Alternate technologies that are highly energy efficient, such as variable frequency and electric drives, will likely impact the demand for chain drives. These electric drives offer greater benefits and are becoming more popular among end-user industries, thereby impeding the growth of the chain drives market. The global chain drives market is estimated to grow at a CAGR of 3.27% over the 2015-2019 period.
“Many chain drive vendors in APAC, especially in China, are being acquired by European and North American manufacturers as a means of entering foreign markets and expanding their manufacturing operations in low-cost countries,” says Faisal Ghaus, Vice President of Technavio Research.
“Many vendors are also enhancing their existing product portfolio through M&A, and some international vendors are forging strategic alliances and partnerships with local vendors to tap the growth potential of a particular country or region.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
