Welded Steel Chains Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 5% from 2026 to 2033, reaching USD 1.8 Billion by 2033.
The global welded steel chains market was valued at approximately USD 2.5 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The market growth is driven by the increasing demand for welded steel chains across various industries such as construction, automotive, and logistics. The robust demand for material handling equipment, along with the need for durable and reliable products, supports the growth trajectory of the market. With the growing urbanization and industrialization in emerging economies, the adoption of welded steel chains is expected to witness a steady increase, further contributing to the market expansion. In terms of regional analysis, Asia Pacific held the largest share of the welded steel chains market in 2022, accounting for over 40% of the global market. This dominance is primarily due to the high industrial output and the rapidly growing manufacturing sector in countries like China and India. North America and Europe followed, with significant market shares, driven by the demand from industries such as mining, oil & gas, and automotive. Moreover, Latin America and the Middle East & Africa are expected to show substantial growth rates due to the increasing investments in infrastructure development and industrial projects. These regions represent promising opportunities for market players looking to expand their footprint in the welded steel chains sector.
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Rexnord
John King Chains Limited
Renold Plc
Transmin
Changzhou DONGWU Chain Transmission Manufacturing Co.
Ltd
U.S. Tsubaki Power Transmission
LLC(Tsubakimoto Chain Co.)
Allied Locke Industries
Can-Am Chains
Mac Chain
Crown Chains Limited
Tien Yuen Machinery Mfg.
Tripcon Engineering Pvt
HS Chain
National Chains
HVH Industrial Solutions LLC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Welded Steel Chains Market
Link Chains
Stud Chains
Roller Chains
Transport Chains
Construction
Aerospace
Mining
Marine
Logistics and Warehousing
Heavy-Duty Chains
Medium-Duty Chains
Light-Duty Chains
Manufacturing Industries
Agricultural Sector
Automotive Sector
Construction Companies
Oil and Gas Industries
Galvanized Chains
Black Oxide Chains
Heat Treated Chains
Electroplated Chains
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Welded Steel Chains Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Welded Steel Chains Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welded Steel Chains Market, By Type
6. Global Welded Steel Chains Market, By Application
7. Global Welded Steel Chains Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Welded Steel Chains Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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