In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Rubber Track market for 2018-2023.
Rubber track is a kind of circular tape made of rubber and fiber or metal composite material rubber track with a small grounding pressure, traction, vibration, low noise, wet field through the good, and it does not damage the road, the quality of small, fast speed and other characteristics , Rubber track can partially replace tires.
Geographically, the consumption market is leading by North America and Europe, sales in Asia Pacific regions like China, Japan, Southeast Asia and India will see significant growth in future period. In terms of year 2017, North America holds the largest market share, with about 304.88 Million USD sales revenue, followed by China, with about 28.61% market share in 2017. China will keep playing important role in Global market.
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Bridgestone and Camso are the biggest two players in Rubber Track market, with about 27.62% and 9.62% market share separately in 2017. Other leading market players in Rubber Track market include DRB Industrial, Jonggu, Zhejiang Yuan Chuang Rubber Track and Continental etc. the market competition may become more intense with more innovation products, acquisitions and improvement of raw material cost control and etc.
Over the next five years, Planet Market Reports projects that Rubber Track will register a 7.6% CAGR in terms of revenue, reach US$ 1630 million by 2023, from US$ 1050 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Rubber Track market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Triangular Rubber Track
Regular Rubber Track
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Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Global Track Warehouse
Jinli Long Corporation
Zhejiang Yuan Chuang Rubber Track
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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