Bearings and chains are important industrial machine components used in wide range of heavy cyclical load applications. Main aim of this research work is to conduct a metallurgical investigation of failure analysis in failed bearing and chain parts. The failure analysis is carried out by chemical analysis, optical metallography, hardness analysis and scanning electron microscopy (SEM) analysis. In failed bearing inner race ways ridged marks were perceived due to electrical pitting and outer race ball groove worn-out on one side due to axial thrust load. Bearing balls have surface spalling due to contact fatigue. In chain failed bush multiple crack fronts are observed in longitudinal and circumferential. Crack geometry and fracture surface indicates failure through impact fatigue mode. The fracture surface indicated quasi cleavage fracture mode near the crack origins. The results in both investigations suggest that the major common causes of failures are due to over load, fatigue, wear and unsuitable material selection. MoS2coating, thin dense chromium coating and thin hard titanium nitride coating in all bearing components has been suggested to further improve the wear resistance and fatigue strength. Material SAE 8620 alloy steel for chain bush has been suggested to further improve life to withstand in the impact load conditions. © 2019 Elsevier Ltd.