Industrial chain market boost by growing vehicle demand as a result of increased urbanization and rising disposable income of the people is expected to drive at a CAGR of 4.80% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Industrial Chain Market” that contains information from 2018 to 2032. The industrial chain market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global industrial chain market - Tslibaki, DAIDO KOGYO, SKF, Renold, Zhuji Chain General Factory, Ewart Chain Ltd., Hangzhou Unibear, Rexnord, Donghua&KOBO, Dongyang, BANDO CHAIN, and Ketten Wulf.

Industrial Chain Market Highlights

The global industrial chain market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 5.794 billion by 2032.

The expansion of this industry can be ascribed to a number of factors, including rising urbanization, a rise in transportation needs as a result of economic expansion, an increase in the world's middle-class population, and others. Additionally, factors like rising end-user industry demand, expanding manufacturing activities, and an increase in the demand for automation are credited with driving the expansion of the worldwide industrial chain market. Furthermore, the quick development of technology has given rise to a proliferation of application fields, which has multiplied the options available to those working in the sector.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of global industrial chain market sales

Segment Analysis

The global industrial chain market has been segmented into application and type.

Based on application, the global industrial chain market has been segmented into Automotive, Food and Beverage, Construction and Others. The automotive segment was expected to hold the largest market share in 2022 because of the chains' extensive use in various industries, including food and beverage, automotive, and construction. The chains include benefits including a good strength-to-weight ratio, the ability to operate at high speeds, and ease of repair and maintenance.

On the basis of type, the market is segmented into Roller Chains, Leaf Chains and Other. The roller chains segment was attributed to holding the largest market share in 2022 because of the growing demand for cars and electric vehicles. A further factor driving the category growth is the manufacturers' desire to make their vehicles more fuel-efficient through the use of lightweight materials.

Regional Analysis

The global industrial chain market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe industrial chain market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The industrial chain market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World industrial chain market comprises of Middle East, Africa, and Latin America.

The largest market share for industrial chain was maintained by the North American regional sector. During the projected period, factors like rising automobile production, rising need for automation equipment, and others are anticipated to propel this regional market.

Moreover, the Europe market has been persistently growing over the forecast period. The rising demand for autos, expanding food and beverage industry production capacity, and other factors are what are propelling this regional market.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. This can be attributable to various elements, including rising infrastructure development expenditure and rising demand for electric vehicles.

Furthermore, the rest of the world's industrial chain market is divided into the Middle East, Africa, and Latin America. Increased investments in the infrastructure and building sectors, rising demand for electric vehicles, and other factors are all responsible for the rise of rest of the world. However, over the coming few years, the regional industrial chain industry is expected to be driven by resource availability and technological improvements.

Key Findings of the Study

• The global industrial chain market is expected to reach USD 5.794 billion by 2032, at a CAGR of 4.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to a number of factors, such as increasing infrastructure development costs and increasing demand for electric vehicles.


• Based on application, the automotive segment was attributed to holding the largest market in 2022, with an approximate market share of 45%.


• Tslibaki, DAIDO KOGYO, SKF, Renold, Zhuji Chain General Factory, Ewart Chain Ltd., Hangzhou Unibear, Rexnord, Donghua&KOBO, Dongyang, BANDO CHAIN, and Ketten Wulf.