Expansion of the Global Steel and Iron Chain Industry is Forecast to Reach 0.8% P.A.

Date: 2015-08-12

“The expansion of the global steel and iron chain industry is forecast to reach 0.8% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.5%. Currently, steel and iron roller chains account for 66.3% of the global demand while the remaining market share is divided between other steel and iron chains (22.8%) and parts for steel and iron chains (11.0%).

China, Germany, Italy, Japan and the United States represent the largest steel and iron chain markets while the strongest annual growth is forecast to occur in the Italy (13.4%), Bolivia (10.1%), Macedonia (7.3%), Slovenia (5.0%)  and the India (4.4%).

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