OEMs is the Major Segment which accounted for more than Half of the demand for Drive and Timing Chains in India: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Increasing automobile sales in India, Expanding Production Capacities of OEMs and Auto Chain manufacturers, Increasing Household Income and Short lifespan of Auto Chains were the key factors driving growth in India Auto Chain Market. India is the second most populous country in the world but it is leading in terms of lack of automobile use. This has been a lucrative opportunity for automobile manufacturers which has resulted in enhancing their production capacities to meet the needs of untapped markets. Roller Chain Suppliers in India, Manufacturers Transmission Chain India The auto chain market is likely to have strong linkages with the automobile sales and as the automobile sales are poised to grow further, the auto chain sector is anticipated to witness a bright outlook in upcoming years. The primary growth drivers of auto chain market have been increasing household incomes, increasing automobile sales, expanding production capacities of OEMs and auto chain manufacturers and short lifespan of auto chains. Rising demand from OEMs and aftermarket growth owe to increasing market value of auto chains in India. The automobile segment majorly comprises of passenger and commercial vehicles, two wheelers, three wheelers and other LCV, HCV and MUVs. The highest demand for auto chains is driven from two wheelers segment as in terms of production. Two wheelers contribute 78.6% to the overall Indian automobile market. This segment is the leader of the India auto chain market owing to preference of two wheelers in the country owing to their competitive price coupled with traffic congestion. The primary growth drivers of India drive and timing chain market are increasing preference of automotive chains over auto-belts, ‘Make in India’ initiative, high demand from OEMs and aftermarket, increasing automobile sales and very low market penetration of automobiles in India. The Government of India is focusing a lot on ‘Make in India’ initiative to make India a global manufacturing hub which has aided multinational as well as domestic companies to manufacture within the country. India is poised to be one of the fastest growing auto chain markets worldwide, thus catering to the needs of both global and domestic players such as OEMs and aftermarket. The report titled “India Drive and Timing Chain Market Outlook to 2022 – OEM Demand is Expected to Flourish in the Outlook Period” by Ken Research suggested a growth at a CAGR of 12.5% in revenue in India Auto Chain Market in next 5 years till FY’2022. Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Competition in Power Transmission Chain Market, Diamond Chain Market Share India, Drive Chain industry Growth, Future Transmission Chain Market, Growth in Auto Chains Market, India Cam Chain Market, India Drive Chain Industry Size, India Roller Chain Market, Manufacturers Transmission Chain india, Production Drive Chain in India, Renold Transmission Chain Sales India, Rockman Industries Sales Auto Chains, Roller Chain Suppliers in India, Roller Chains Market Growth in India, Roller Chains Market Production, Roller Chains Sales in India, Rolon Brand Market Share in India, Rombo Chain Manufacturer in India, TI Diamond Brand Sales in India, Timing Chain Market in India, Timing Chain Market Trends, Transmission drive chain SKF india