Lewes, DE -- (SBWIRE) -- 04/22/2016 -- Report forecast the global chains and sprockets market for material handling equipment to grow at a CAGR of 3.02% during the period 2016-2020.

Chains and sprockets are used in various types of machinery to transmit energy and perform vital tasks during operation. The chains consist of interconnected links that mesh with the teeth of a sprocket. There are many types of chains and sprockets, such as the roller and engineering steel chains and sprockets used in the mining, agriculture, construction, material handling, and automotive industries.

The report covers the present scenario and the growth prospects of the global chains and sprockets market for MHE for the period 2016-2020. The report considers the sales of chains and sprockets used in conveyors and elevators to calculate the market size, as conveyors and elevators constitute 60% of the entire chains and sprockets market in terms of MHE.

The market is divided into the following segments based on geography:
- Asia
- Europe
- North America
- ROW

According to the report, conveyor manufacturing units are going in for miniaturization of products because of the demand for advanced conveyors that are small yet efficient. Many companies are building small and smart material handling systems. Miniaturization reduces the total cost of machinery installed. Compact MHE makes it simpler for operators to monitor and optimize the process. This is a dominant driver, and has a positive impact on the global chains and sprockets market for conveyors and elevators.

Further, the report states that the recent economic downturn in China will have an adverse effect on the chains and sprockets market.

Global Chains and Sprockets Market for Material Handling Equipment 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Chains and Sprockets Market for Material Handling Equipment: Chiaravalli Group, Renold, Rexnord Corporation, and Tsubakimoto Chain.

Other Prominent Vendors in the market are: Diamond Chain Company, Gates Corporation, Hangzhou Donghua Chain Group, Joh. Winklhofer Beteiligungs, Martin Sprocket & Gear, Suzhou Universal Group, Zhejiang Gidi Industrial Chain, and KettenWulf.

Market driver
- Increased use of rental MHE and miniaturization of conveyors
- For a full, detailed list, view our report

Market challenge
- Slowdown of Chinese economy
- For a full, detailed list, view our report

Market trend
- Strict regulations
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 34 Exhibit "Global Chains and Sprockets Market for Material handling Equipment 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-chains-and-sprockets-market-material-handling-equipment-2016-2020

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