World News: 17:16 GMT Thursday 6th December 2018. [Technavio Research via Businesswire via SPi World News]
Technavio’s global industrial roller chain drives market research report projects the market to grow at a CAGR of over 3% during the forecast period.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181206005709/en/
Technavio has released a new market research report on the global industrial roller chain drives market for the period 2019-2023. (Graphic: Business Wire)
The increase in M&A will be one of the major trends in the global industrial roller chain drives market during 2019-2023. The M&A and market alliances between the vendors will offer considerable market growth momentum during the forecast period. The European and North American manufacturers are acquiring many industrial roller chain drive vendors in APAC, particularly in China, to expand businesses and establish a global presence. The major vendors are acquiring smaller and local vendors.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key drivers for the global industrial roller chain drives market will be the growing end-user investments in APAC:
Global industrial roller chain drives market: Growing end-user investments in APAC
The demand for industrial roller chain drives in APAC has increased because of the growing investments in the end-user industries in the region. The factors such as the easy availability of low-cost raw materials and labor resources, favorable demographic conditions, high demand for industrial products, and low manufacturing costs are supporting the high growth potential of the market vendors in the region.
According to a senior analyst at Technavio for research on automation, “The advantage of low manufacturing costs in Asia has led to end-user companies from developed regions to invest in new projects in the region. The growing number of projects by the end-user industries are aiding the vendors from APAC to retain their competitive edge in the global industrial roller chain drives market.”
Global industrial roller chain drives market: Segmentation analysis
This global industrial roller chain drives market analysis report provides market segmentation by end-user (industrial, heavy equipment, and agricultural), and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major end-users, the industrial segment held the largest industrial roller chain drives market share in 2018, contributing to over 55% of the market. This end-user segment will dominate the global market throughout the forecast period.
The APAC region held the largest share of the market in 2018, accounting for close to 44% share. It was followed by the Americas and EMEA respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Five Forces Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.
Business Wire: 17:16 GMT Thursday 6th December 2018
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.