India Chain Drives Market (2025-2031) | Outlook, Size, Industry, Forecast, Analysis, Share, Companies, Growth, Trends, Value & Revenue
Market Forecast By Product Type (Roller Chains, Silent Chains , Leaf Chains, Others), By End-User (Industrial Sector, Heavy Equipment Industry, Agricultural Equipment Industry, Others) And Competitive Landscape
| Product Code: ETC375444 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India Chain Drives Market Import Shipment Trend (2020-2024)
The India chain drives market import shipments experienced strong growth with a CAGR of 12.2% from 2020 to 2024. However, the growth rate slightly slowed between 2023 and 2024, indicating a stabilization in the market expansion. Overall, the market showed positive momentum and an upward trend during the period.
India Chain Drives Market Highlights
| Report Name | India Chain Drives Market |
| Forecast period | 2025-2031 |
| CAGR | 8% |
| Growing Sector | Industrial |
Topics Covered in India Chain Drives Market Report
The India Chain Drives Market Report thoroughly covers the market by product type and end-user. The India Chain Drives Market Outlook report provides an unbiased and detailed analysis of the ongoing India Chain Drives Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Chain Drives Market Synopsis
India chain drives market has experienced prominent growth and is anticipated to attain more growth in the future. This growth can be attributed to the rising demand for efficient power transmission systems in various industrial sectors such as automotive, agriculture, construction, and mining.
According to 6Wresearch, India Chain Drives Market size is estimated to rise at a CAGR of 8% during 2025-2031. One of the key drivers for this market is the increasing preference for chain drives over belt and gear drives due to their advantages such as high torque transmission, low maintenance, and longer lifespan. Moreover, the growing trend of industrial automation is also expected to fuel the demand for chain drives as they are widely used in conveyor systems and other automated machinery.
However, the market growth may be hindered by challenges such as fluctuating raw material prices and increasing competition from alternative power transmission systems. To overcome these challenges, key players in the market are focusing on developing innovative and cost-effective chain drive solutions. Additionally, government initiatives to promote the use of energy-efficient power transmission systems are also supporting India Chain Drives Market growth.
Chain Drives Market in India: Leading Players
Some of the key players operating in the Indian chain drives market are Tsubaki, Renold, SKF, Diamond Chain Company, and Gates Corporation. These companies are investing in research and development to introduce innovative products and improve their existing product portfolio to cater to the evolving demands of various industries.
India Chain Drives Industry: Government Initiatives
The government's focus on infrastructure development and initiatives to promote the manufacturing sector in India are expected to create new opportunities for market players. Additionally, the growing trend towards automation in various industries is also expected to drive the demand for chain drives. The use of chain drives in conveying systems, material handling equipment, and agricultural machinery is expected to further contribute to market growth.
Future Insights of the Market
Indian chain drives market is poised for significant growth in the coming years due to increasing industrialization, government support, and advancements in technology. However, market players must be prepared to tackle challenges such as price fluctuations and shortage of skilled labor to capitalize on the growing opportunities in this market. By continuously investing in research and development, companies can stay ahead of the competition and provide cutting-edge solutions to their clients.
Market Segmentation by Product Type
According to Sachin, Senior Research Analyst, 6Wresearch, roller chains dominate the segment and are expected to continue this trend in the coming years. Roller chains have a wide range of applications, including power transmission, conveyors, escalators, and many more.
Market Segmentation by End-User
The industrial sector is the leading end-user segment in India’s chain drives market, as it has a wide range of applications across various industries. The demand for chain drives in this sector is driven by the need for efficient and reliable power transmission systems.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2021 to 2024.
- Base Year: 2024
- Forecast Data until 2031.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Chain Drives Market Outlook
- Market Size of India Chain Drives Market
- Forecast of India Chain Drives Market, 2031
- Historical Data and Forecast of India Chain Drives Revenues & Volume for the Period 2021-2031
- India Chain Drives Market Trend Evolution
- India Chain Drives Market Drivers and Challenges
- India Chain Drives Price Trends
- India Chain Drives Porter's Five Forces
- India Chain Drives Industry Life Cycle
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Roller Chains for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Silent Chains for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Leaf Chains for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By End-User for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Industrial Sector for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Heavy Equipment Industry for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Agricultural Equipment Industry for the Period 2021-2031
- Historical Data and Forecast of India Chain Drives Market Revenues & Volume By Others for the Period 2021-2031
- India Chain Drives Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By End-User
- India Chain Drives Top Companies Market Share
- India Chain Drives Competitive Benchmarking By Technical and Operational Parameters
- India Chain Drives Company Profiles
- India Chain Drives Key Strategic Recommendation
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Product Type
- Roller Chains
- Silent Chains
- Leaf Chains
- Others
By End-User
- Industrial Sector
- Heavy Equipment Industry
- Agricultural Equipment Industry
- Others
India Chain Drives Market (2025-2031): FAQs
India Chain Drives Market size is estimated to rise at a CAGR of 8% during 2025-2031.
The primary driver of growth in India's chain drives market is the increasing demand for two-wheelers, especially motorcycles and scooters. With India's growing population and urbanization, there has been a rise in the number of people using two-wheelers for transportation. This has led to an increase in the production and sales of two-wheelers in the country, driving the demand for chain drives.
Some of the key players operating in the Indian chain drives market are Tsubaki, Renold, SKF, Diamond Chain Company, and Gates Corporation.
Segments that are covered in the market report are by product type and end-user.
6Wresearch actively monitors the India Chain Drives Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Chain Drives Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 India Chain Drives Market Overview |
| 3.1 India Country Macro Economic Indicators |
| 3.2 India Chain Drives Market Revenues & Volume, 2021 & 2031F |
| 3.3 India Chain Drives Market - Industry Life Cycle |
| 3.4 India Chain Drives Market - Porter's Five Forces |
| 3.5 India Chain Drives Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
| 3.6 India Chain Drives Market Revenues & Volume Share, By End-User, 2021 & 2031F |
| 4 India Chain Drives Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing industrialization and automation in India leading to higher demand for chain drives in various sectors. |
| 4.2.2 Growth in the automotive industry in India driving the demand for chain drives for applications such as power transmission. |
| 4.2.3 Rising investments in infrastructure development projects requiring heavy machinery and equipment utilizing chain drives. |
| 4.3 Market Restraints |
| 4.3.1 Fluctuations in raw material prices impacting the production cost of chain drives. |
| 4.3.2 Competition from alternative technologies such as belt drives and gear mechanisms affecting the market growth. |
| 4.3.3 Challenges in maintaining quality standards and ensuring reliability of chain drives in harsh operating conditions. |
| 5 India Chain Drives Market Trends |
| 6 India Chain Drives Market Segmentations |
| 6.1 India Chain Drives Market, By Product Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 India Chain Drives Market Revenues & Volume, By Roller Chains, 2021-2031F |
| 6.1.3 India Chain Drives Market Revenues & Volume, By Silent Chains , 2021-2031F |
| 6.1.4 India Chain Drives Market Revenues & Volume, By Leaf Chains, 2021-2031F |
| 6.1.5 India Chain Drives Market Revenues & Volume, By Others, 2021-2031F |
| 6.2 India Chain Drives Market, By End-User |
| 6.2.1 Overview and Analysis |
| 6.2.2 India Chain Drives Market Revenues & Volume, By Industrial Sector, 2021-2031F |
| 6.2.3 India Chain Drives Market Revenues & Volume, By Heavy Equipment Industry, 2021-2031F |
| 6.2.4 India Chain Drives Market Revenues & Volume, By Agricultural Equipment Industry, 2021-2031F |
| 6.2.5 India Chain Drives Market Revenues & Volume, By Others, 2021-2031F |
| 7 India Chain Drives Market Import-Export Trade Statistics |
| 7.1 India Chain Drives Market Export to Major Countries |
| 7.2 India Chain Drives Market Imports from Major Countries |
| 8 India Chain Drives Market Key Performance Indicators |
| 8.1 Average order value per customer indicating the level of adoption of chain drives in different industries. |
| 8.2 Rate of new product development reflecting the market's innovation and response to changing customer needs. |
| 8.3 Customer satisfaction index measuring the performance and reliability of chain drives in various applications. |
| 8.4 Number of partnerships or collaborations with key industry players to expand market reach and distribution channels. |
| 8.5 Percentage of repeat customers showing the loyalty and trust towards chain drive products. |
| 9 India Chain Drives Market - Opportunity Assessment |
| 9.1 India Chain Drives Market Opportunity Assessment, By Product Type, 2021 & 2031F |
| 9.2 India Chain Drives Market Opportunity Assessment, By End-User, 2021 & 2031F |
| 10 India Chain Drives Market - Competitive Landscape |
| 10.1 India Chain Drives Market Revenue Share, By Companies, 2024 |
| 10.2 India Chain Drives Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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