The newly Sprocket market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
A sprocket or sprocket-wheel is a profiled wheel with teeth, or cogs, that mesh with a chain, track or other perforated or indented material. The name 'sprocket' applies generally to any wheel upon which radial projections engage a chain passing over it. It is distinguished from a gear in that sprockets are never meshed together directly, and differs from a pulley in that sprockets have teeth and pulleys are smooth.
On the basis of products, the various types include Ring, One Way Round, and Other. On the basis of application, the Sprocket market is segmented into Chemical Industry, Textile Machinery Industry, Food Processing Industry, Instrument Industry, and Other.
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Market Insights
According to a new research study, the Sprocket market size is expected to reach USD 344 million by 2026 from USD 266 million in 2019, with a compound annual growth rate of 3.76% during the forecast period. The growth can be mainly attributed to the diverse applications of sprockets across industrial applications. The advantages of sprockets such as superior durability in extreme conditions, low vibration, and high-load capacity are projected to increase the use of Sprocket, thus propelling the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
In 2018, the Sprocket global market was mainly concentrated in the three regions of Asia-Pacific, North America, and Europe, with the market share of 34.28%, 30.05%, and 26.79% respectively, accounting for a total of 91.12%. Asia-Pacific is anticipated to remain dominant during the forecast period.
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Competitive Players
The Sprocket market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are WM Berg, Linn gear, B&B Manufacturing, G&G Manufacturing, and Martin Sprocket & Gea. Other prominent vendors in the market are Precision Gears, ABL Products, Ravi Transmission, Zhengzhou Guoyun, and others.
Target Audience for this Report
l Sprocket manufacturers
l Sprocket importers and exporters
l Sprocket traders, distributors, and suppliers
l Raw material suppliers of Sprocket
l Sprocket industry associations
l Product managers, Sprocket industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Sprocket Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Sprocket Market by Types
4 Segmentation of Sprocket Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Sprocket Market in Major Countries
7 North America Sprocket Landscape Analysis
8 Europe Sprocket Landscape Analysis
9 Asia Pacific Sprocket Landscape Analysis
10 Latin America, Middle East & Africa Sprocket Landscape Analysis
11 Major Players Profile
11.1 WM Berg
11.1.1 WM Berg Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Linn gear
11.3 B&B Manufacturing
11.4 G&G Manufacturing
11.5 Martin Sprocket & Gea
11.6 Precision Gears
11.7 ABL Products
11.8 Ravi Transmission
11.9 Zhengzhou Guoyun
…
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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