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Rubber Track Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-08-30   |   Pages: 138   |   Tables: 168   |  Report ID: 7395 |  Industry: Machinery & Equipment  |   Format : pdf word ppt excel



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Increase in mining, construction, and agricultural activities is expected to push the demand for rubber track in the coming years. Rubber track could be suitable for use in vehicles that are driven in extreme off-road conditions. Its demand could also grow in industrial applications because of its various advantages. Market competition is forecast to increase further due to improved control over raw material cost, signing of merger and acquisition deals, and launch of more innovative products. Besides the construction and agriculture industries, the automotive industry is prophesied to significantly contribute to the growth of the global rubber track market. High demand for construction equipment in countries with large industrial outputs is foretold to increase the requirement of rubber track in future.

Analysts at QYR Consulting project the global rubber track market to rise at a robust CAGR of 7.8% during the forecast period 2019-2025 to reach a value of US$1.9 Bn by 2025. In 2018, the global market size was US$1.1 Bn. The report provides intelligent analysis of market competition, segmentation, dynamics, and other aspects of the global market.

Market Dynamics

Ability of rubber track to replace tires in heavy equipment and machinery used in military, agriculture, mining, and construction applications is anticipated to create rewarding opportunities in future. Demand for intelligent rubber track could increase with rising requirement of high tractive and lightweight materials and use of smart transportation systems. Adoption of intelligent rubber track is expected to improve because of its advantages such as less damage to roads even at high speeds, durability, low vibration, low ground pressure, high stability, and better traction. Use of rubber track is predicted to increase in the military sector due to its ability to improve the speed and reduce vibrations and weight of heavy vehicles such as infantry fighting vehicle and armored personnel carriers.

Market Segments

On the basis of product type, the global rubber track market is segmented into regular rubber track and triangular rubber track. By application, the global market is segmented into military vehicles, industry machinery, agricultural machinery, and others.

By Region

world_regions

Key Players

Some of the popular companies operating in the global rubber track market are Camso, Zhejiang Yuan Chuang Rubber Track, McLaren Industries, Jonggu, Tempo International, DRB, Bridgestone, Zhejiang Jiuyun, Continental, Jinli Long Corporation, VMT International, Mattracks, Minitop, Global Track Warehouse, Chermack Machine, Prowler, and Soucy.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Rubber Track Market Report