Automotive Cam Chains Market Forecast and CAGR
According to the study, the Automotive Cam Chains market is projected to exhibit marginal growth between 4% and 5% during the assessment period of 2021 to 2031.
The global automotive cam chains market is predicted to expand at a substantial rate showcasing steady growth trend throughout the forecast period. The growth is attributed to the increase in demand and improvement in the global automotive market
What is Driving Demand for Automotive Cam Chains?
The automotive cam chains market has grown significantly as demand for high-performance, and technologically advanced modern vehicles has increased. The increasing technological developments are aimed at reducing the weight and improving the efficiency of these chains.
The stringent emission standards proposed by international regulatory bodies have compelled manufacturers to place a greater emphasis on the output and efficiency of cam chains.
Apart from this, the rising global vehicle production, stringent emission regulations, and the need for advanced and innovative engines are all driving up demand for cam chains. Most of these chains are maintenance-free and thus require less frequent replacement. These are the factors that are driving the growth of the global market.
These ongoing market dynamics are expected to spur the sales in the coming years.
Order the sample copy of report:https://www.persistencemarketresearch.com/samples/32521
What is the Scenario of Roller Chains in the Market?
Roller Chains hold a prominent place in the automotive cam chains market. Roller chains consist of more than one third of the total market share. These chains are the most common among others and are expected to hold a significant share in the market from 2021 to 2031.
The vast majority of automotive engines are driven by roller chains as it is an efficient and reliable means of power transmission.
However, as the silent chain industry has grown in popularity, roller chains are expected to lose a considerable amount of market share in the coming years.
How are Silent Chains Faring in the Market?
A silent chain is made up of gear rack comprising of two teeth each that are pivotally coupled to form a closed chain.
Silent Chains hold greater capacity when compared to roller chains of the same width. The noise and impact are decreased as the Silent Chain link plates come in contact with the sprocket at an angle. This is why they are termed as silent chains. The greater the chain speed, the higher is the difference in comparison with roller chains.
Download in-depth Table Of Contenthttps://www.persistencemarketresearch.com/toc/32521
East Asia Automotive Cam Chains Sales Outlook
In East Asia, China is projected to be the most lucrative market for cam chains. With fast growing automotive market, the demand for advanced and modern technology is arising. Huge investments in infrastructure have been made by the country.
R&D facilities, innovative production methods and development of advanced cam chains is expected to bolster the demand in the region. In addition, the increase in the production of automobiles is further anticipated to spur the sales of Automotive Cam Chains in East Asia, and specifically China.
South Asia & Pacific Outlook for Automotive Cam Chains
South Asia & Pacific is predicted to expand at a steady pace as many significant players in countries like India are emerging in the market and relocating their manufacturing units.
Many countries in South Asia & Pacific have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. The onset of COVID-19 led to disruptions in supply chain operations, shutting down of manufacturing facilities and the huge economic losses caused by lockdowns.
However, since the beginning of the second half of 2020, the market situation has improved. With manufacturing plants reopening and increase in the adoption of personal mobility, the demand for automobile cam chains market is projected to expand at a significant rate from 2021 to 2031
Who are the Key Manufacturers and Suppliers of Automotive Cam Chains?
Some of the leading manufacturers and suppliers include
- Qingdao Choho
- LGB
- Borgwarner
- Qingdao Choho
- Rockman Industries
- Schaeffler
- TIDC
- Tsubakimoto and Iwis.
Manufacturers are investing in product development in order to bolster the demand and improve sales.
Key Segments
By Product Type
- Roller Chain
- Silent Chain
By Application
- Passenger Vehicle
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Region
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Nordics)
- East Asia (China, Japan, South Korea)
- South Asia and Pacific (India, ASEAN Countries, Oceania)
- Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
For in-depth competitive analysis, Check Pre-Book here @https://www.persistencemarketresearch.com/checkout/32521
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com