Global Rubber Track market will reach 1920 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/11/22

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.

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.

The global Rubber Track market is valued at 1050 million US$ in 2017 and will reach 1920 million US$ by the end of 2025, growing at a CAGR of 7.8% during 2018-2025.

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