Global Rubber Tracks Market Size, Industry Trends, Share and Forecast 2019-2025

Posted by nabeel on January 23rd, 2021

The global rubber tracks market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 4.2%, during the forecast period. Rubber tracks are used in off-road vehicles to offer improved stability on slopes and uneven terrains. They are made of a compound that is tear-resistant and a mixture of natural and synthetic rubbers with steel cords and inflated metal cores. The combination provides a smoother ride, minimizing noise, and vibration on harder surfaces, and improved flexibility and floatation. The global rubber track market is growing significantly across the globe due to rising demand from end-users which includes agriculture, construction, military, and other sectors. The higher cost of rubber track as compared to other alternatives is estimated to be the major factor that is holding back the growth of the market in the region. The rising demand from the construction and transportation sector is boosting the rubber track market in the Asia-Pacific. Growing rubber industries are creating scope for rubber tracks across the globe especially; the EU and Asia-Pacific are considered to be the most lucrative destinations for rubber track industries.

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Segmental Outlook

The global rubber tracks market is segmented on the basis of type, product, and application. Based on type, the market is classified into triangular tracks and regular tracks. On the basis of product, the market is segmented into tires, ladder frame, rubber tracks. On the basis of application, the market is sectioned into agricultural machinery, construction machinery, and military machinery.

Market Segmentation

Global Rubber Tracks Market by Type

• Triangular Tracks
• Regular Tracks

Global Rubber Tracks Market by Product

• Tires
• Ladder Frame
• Rubber Tracks

Global Rubber Tracks Market by Application

• Agricultural Machinery
• Construction Machinery
• Military Machinery

Regional Analysis

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• Alpine Track Systems
• Bridgestone Corp.
• Camso Inc.
• Chermack Machine Inc.
• Continental AG
• DIGBITS Ltd.
• Dominion Equipment Parts, LLC
• Global Track Warehouse USA
• GRUPPO MINITOP SRL
• Leach Lewis Rubber Tracks Ltd.
• Mattracks, Inc.
• McLaren Industries, Inc.
• Prowler Industries
• Soucy Holding Inc.
• Superior Tire & Rubber Corp.
• VMT International
• Zhejiang Jiuyun Vehicle Parts Co., Ltd.

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