Rubber track is the special purpose undercarriage equipment used for off-road vehicles to attain better stability on uneven terrain and sloped surfaces. Rubber tracks are made from natural and synthetic rubber with embedded metal core and steel cords to prevent the rubber track from slipping from the wheel and to provide strength.
Rubber Track Market- Competitive Landscape
During 2018, Continental AG announced its plans to collaborate with Unverferth Manufacturing Co. Inc., to manufacture largest rubber track system. The 50 inch wide rubber track system will be used for grain carts used in agriculture applications. The large contact surface area of the rubber track provides optimal ground contact and exerts low pressure on the soil. Continental AG is entering the agriculture tire and track segment in U.S. after 14 years.
Founded in 1931, Bridgestone Corporation is global player manufacturing rubber tires and tracks. The company’s primary business involves manufacturing of rubber tires for passenger vehicle, commercial vehicle and off-the-road vehicles. However, the company is also a major player in the global rubber track market. The company has operations in 26 countries worldwide with a total of 164 plants
Established in 1871, Continental AG is a leading provider of rubber and automotive products. The company manufactures rubber tracks for construction and agriculture vehicles and has a global presence
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Rubber Track Market Dynamics
Rise in demand of agriculture & construction vehicle with superior operational capabilities is driving the rubber track market
By using rubber tracks less damage is done to the ground, as they exert lower downward force as compared to that exerted by conventional tires. Rubber tracks are increasingly being adopted in agricultural tractors, as they offer excellent control while driving on wet surfaces. Rise in demand for construction & agriculture vehicles with higher horsepower is estimated to boost the adoption of rubber tracks in order to reduce the vehicle weight and enable speedy operation, which in turn is estimated to drive the rubber track market.
Manufacturers Focus on newer lug patterns and rollers to improve working efficiency
The manufacturers are designing newer tread and lug patterns to improve the operational stability and allow multipurpose track usage. The manufacturers are taking emphasis to improve the blend of natural and synthetic rubber used. The durability of the rubber tracks is determined by the rubber compound blend and the manufacturers are aiming to achieve higher ISO standards.
Periodic replacement need boosting the rubber track market
Rubber tracks are prone to wear & tear, as they are driven on rugged uneven surfaces. Abrasion, crack and rupture on the rubber tracks may cause accidental hazards on the construction / mining sites. The end-users thus adhere to the replacement needs to avoid accidents and downtime of the vehicle and in turn drive the rubber track market.
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Rubber Track Market Segmentation
Based on the Track type, the Rubber Track market is segmented into
Based on the Industry Application, the Rubber Track market is segmented into
- Construction & Mining
Based on the Sales Channel, the Rubber Track market is segmented into
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