Automotive Chain Sprocket Market Size will Escalate Rapidly in the Near Future

An automotive chain sprocket is a specific wheel type that consists of cogs or teeth, which mesh with a track, chain, or an indented or other perforated material. The automotive chain sprocket is a wheel type that allows the chain to move and rotate radially to pass over the sprocket. Gear and sprocket are different from each other, as a gear meshes with gears or pinions, while a sprocket meshes with a chain to transmit power. It is also different to a pulley, as a pulley has a smooth surface, while the chain sprocket has teeth or cogs.

It is utilized in various industrial segments such as car manufacturing, bicycles, motorcycles, and tracked vehicles. It is majorly employed to transfer motion produced by a motor to other parts via a chain. The automotive chain sprocket is used to transfer rotary motion between two shafts.. Chain sprockets, typically, don’t have flanges, while some belt driven sprockets have flanges to hold the belt in its position. Chain sprockets are utilized to transmit power from one shaft to another, while chains are employed to prevent slippage. Chains are used to transfer power and can run at higher speeds. Increase in demand of vehicles, higher disposable income, and need for higher power, fuel efficiency of the vehicle are key factors driving the automotive chain sprocket market. The automotive chain sprocket provides higher power and improved fuel efficiency. These are key factors that are expected to fuel the automotive chain sprocket market during the forecast period. Weight and periodic maintenance are major factors restraining the demand for automotive chain sprocket.

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The global automotive chain sprocket market can be segmented based on type, material, vehicle type, sales channel, and region. Based on material, the automotive chain sprocket market can be bifurcated into aluminum, stainless steel, and other. Automotive manufacturers are focusing on increasing the efficiency of vehicles in order to provide better power, performance, and mileage. Therefore, they are looking for lightweight materials to manufacture the chain sprocket. The material not only needs to be light in weight but also durable and safe. In terms of type, the automotive chain sprocket market can be segregated into gap tooth automotive chain sprockets, double-duty automotive chain sprockets, skip tooth automotive chain sprockets, segmental rim automotive chain sprockets, draw bench automotive chain sprockets, and hunting tooth automotive chain sprockets. In terms of vehicle type, the automotive chain sprocket market can be divided into passenger vehicle, commercial vehicle, and two-wheelers. Based on region, the global automotive chain sprocket market can be segregated into Asia Pacific, Middle East & Africa, Europe, Latin America, and North America.

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The automotive chain sprocket market in Asia Pacific is expected to expand at a high growth rate during the forecast period due to increase in demand for vehicles and rise in per capita income of people in the region. Furthermore, China and India are among the major automotive producers in the world, which is a key factor that is projected to drive the automotive chain sprocket market in the region during the forecast period. In terms of sales channel, the automotive chain sprocket market can be split into OEM and aftermarket. The OEM segment is likely to expand at a significant pace during the forecast period, as high demand for automobiles is offering lucrative market opportunities for OEMs.

Key players operating in the global automotive chain sprocket market include Madras Chain Corporation, Felix Enterprises, KMC Automobile Transmission, Schaeffler Technologies AG & Co. KG, S. Tsubaki Power Transmission, LLC, KettenWulf Betriebs GmbH, HangZhou DongHua Chain Group Co., Ltd., Rockman Industries Ltd., Silcoms, and MicroPoly.