Undercarriage Components Market
Undercarriage Components Market By Component (Track Rollers/ Carrier Rollers, Track Chains), By Equipment (Crawler Excavators, Mini Excavators), By End-Use ( Construction, Mining), By Sales Channel & By Region - Global Market Insights 2022 to 2032
Analysis of Undercarriage Components market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Undercarriage Components Market Outlook (2022 to 2032)
The global undercarriage components market is set to surpass a valuation of US$ 6,829.6 million in 2022 and further expand at a CAGR of 4.1% to reach US$ 10,173.9 million by the end of 2032.
Sales of undercarriage components accounted for less than 32% of the global undercarriage system market at the end of 2021.
| Report Attributes | Details |
|---|---|
| Undercarriage Components Market Size (2021A) | US$ 6,659.4Million |
| Estimated Market Value (2022E) | US$ 6,829.6 Million |
| Forecasted Market Value (2032F) | US$ 10,173.9 Million |
| Global Market Growth Rate (2022-2032) | 4.1% CAGR |
| North America Market Share (2022) | ~ 16.5% |
| North America Market Value (US$ Mn), 2022 | US$ 1,127.8 Million |
| Europe Market Share (%), 2022 | ~17.8% |
| Europe Market Value (US$ Mn), 2022 | US$ 1,215 Million |
| China Market Share (%), 2022 | ~18.3% |
| China Market Value (US$ Mn) | US$ 1,247.9 Million |
| Top 3 country Market Share (%) | ~34.3%% |
| Key Companies Profiled | Caterpillar Inc.; Continental AG; Berco S.p.A (Thyssenkrupp); Deere & Company; DIGBITS Ltd; Dozco Pvt. Ltd; Gemmo Group Srl; Titan International, Inc.; Hoe Leong Corporation Ltd.; Komatsu Limited |
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Sales Analysis of Undercarriage Components (2017 to 2021) Vs. Market Forecast Outlook (2022 to 2032)
Commercial infrastructure is expected to witness significant growth due to increasing infrastructure activities and urbanization. Construction projects such as the expansion of airports, construction of commercial buildings, growing highway constructions, etc are reinforcing the demand for undercarriage components.
The rising demand for this device in the mining and construction industry has led to manufacturers developing new and advanced products in the market. Technological advances have made undercarriage components more durable and efficient.
The prevalence of counterfeit products has also risen in the market. The low pricing of these products has resulted in increased sales. However, the quality of these products remains questionable. This factor is expected to confine the sales of original products in the coming years.
- Short Term (2022 Q2 to 2025): Increasing demand of the construction and mining industry will enhance the demand for undercarriage components.
- Medium Term (2025 to 2028): Lowering the prices of the products to counter the counterfeit products will increase the sales of the original products.
- Long Term (2028 to 2032): Adding more innovation to undercarriage components along with increased emphasis on improving the technology and design of the product will improve its long-term growth in the market.
Over the 2017 to 2021 historical period, the global undercarriage components market registered a CAGR of -2.1%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.1% CAGR between 2022 and 2032.
Market share analysis of undercarriage components based on equipment type and region is provided in a nutshell in the above image. Under the equipment type segment, crawler excavator sub-segment will dominate with 33.3% market share in 2022.
What’s Driving Demand for Undercarriage Components?
“Rental Services Provided by Equipment Manufacturers to Drive the Sales”
With the advent of hybrid & electric equipment as well as stricter emission norms for conventional engine equipment, the cost of new equipment has increased. With tighter project timelines, the need for specialized construction machines such as bulldozers, excavators, and crawlers has increased substantially for executing specific tasks with ease at a faster pace. The construction and industrial equipment market is expected to be valued at somewhere around US$ 36 bn in the U.S. in 2022.
Hence, manufacturers are focusing on providing these services which are increasing the demand for such equipment at a quick pace. This, in turn, enables the manufacturers to maintain the machinery regularly, particularly the undercarriage components which play a crucial role in the equipment. Such rental & leasing services by equipment manufacturers are predicted to drive the growth of the undercarriage components market.
“Increased Government Spending in the Construction Industry to Fuel the Sales of Undercarriage Components”
The increase in government investments in developed and developing countries for projects such as infrastructure development and repair is predicted to drive the growth of the undercarriage components market. The construction industry GVA in the U.K. has reached a valuation of more than US$ 138 billion in 2021. An upsurge in the growth of government spending is expected to propel the demand for heavy machinery, in turn, supporting the growth of undercarriage components.
The growing efforts to build dams, highways, railways, and roads as a part of the initiative to develop smart cities in the fields of mobility and energy, With the pouring investments made by the government, the increase in demand for construction equipment is increasing, and this increase is directly contributing significantly to the undercarriage components market.
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What Concerns Should Undercarriage Components Manufacturers Avert?
“Uncertainty in the Mining Industry may Negatively Impact the Undercarriage Components Market”
The increased economic uncertainty and practical constraints of site visits and inspections have led the mining companies to adapt and evolve to automation. Such transition is expected to result in a higher cost of technological advancement, thereby prohibiting the growth as a large number of heavy machinery and construction equipment are used for mining purposes.
This, in turn, will restrain the growth of undercarriage components. Mining end use market share in 2022 is expected to be 24.2%., further it is expected to lose a significant market share by the end of the forecast period.
Further, many miners have experienced a downturn in the global supply chain, uncertainty in the geopolitical landscape, and technological disruptions that are resulting in declining investment in mining activities on a global level. Several stringent government norms related to mining equipment are also posing a challenge to the industry, and this is negatively affecting the sales of undercarriage components globally.
“Presence of Large Number of Counterfeit Products in the Market”
The rising demand for undercarriage components in the construction and mining sector has influenced manufacturers to develop advanced products that satisfy the customer's demands. Due to this, there has been an increase in the price of undercarriage components. In addition to this, there are also the high-maintenance costs.
Due to the high price of genuine products, the market is flooded with counterfeit undercarriage components which are low in quality but also low in price. Due to this, several small-time construction and manufacturing companies prefer these counterfeit products.
Due to a lack of efficient marketing practices, consumers find it difficult to distinguish genuine products from counterfeit products. This factor is likely to confine the sales of original undercarriage components, in turn posing challenges to OEMs and genuine aftermarket players of undercarriage components in the coming years.
Country-wise Insights
How are the Construction Projects in Singapore Influencing Sales of Undercarriage Components?
The Southeast Asia construction equipment market is expected to reach a revenue of US$ 10.7 billion by 2028. Expansion projects such as that of Resorts World Sentosa which is expected to be valued at US$ 3,319 Mn, Jurong Region MRT Line: Package-J113 project is predicted to be valued at US$ 200 Mn.
With such projects in hand, the construction industry is set to see a huge boom in the future and hence the construction equipment will also witness exponential growth since undercarriage components play a major role in the efficient functioning of construction equipment.
How U.S. Undercarriage Components Market Will Perform?
The active mines in the U.S. are valued at about US$ 57 billion in 2020. The mining industry contributed to 3% of the GDP in 2020. The mining industry in the US mines metals like copper, steel, etc, essential metals like gold and silver, and also radioactive ores like uranium.
This industry is one of leading contributor in the US and it plays a significant role in maintaining the country's economy. In North America, the mining sub-segment is expected to have the market share of 21.4% in 2022. Owing to high maturity of the U.S. market, it is expected to continue its dominance over the forecast period.
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Category-wise Insights
How is the Increasing Crawler Excavators Sales Positively Impacting the Undercarriage Market?
Excavators are the most widely used instrument type in the construction and mining industry. The machineries are capable of doing all the heavy lifting as well as digging. In 2020, 327,600 excavators were sold worldwide, of this, crawler excavators was one of the leading type of excavator.
In 2022, in the equipment type segment, the crawler excavators sub segment is expected to have a market value of US$ 2,274.5 Mn. These devices are different from the usual excavators and have tracks instead of wheels which enables them to operate efficiently even on uneven surfaces.
The tracks in this make use of undercarriage components and hence with the rising demand of the construction industry worldwide, the need for crawler excavators is expected to increase. Owing to which the volume of crawler excavators manufactured would increase and hence the undercarriage components industry will also witness significant rise.
How is the Aftermarket Services Complementing the Growth of Market?
With the post-pandemic construction industry and mining industry are witnessing V-shape recovery, while the aftermarket sales industry has also witnessed growth. This growth is mainly to keep up with the demands of the customers, since there is the demand-supply gap wherein dynamic demand is posing as potential opportunity for sales in aftermarket. The market value of aftermarket sales channel is predicted to be US$ 3,736.4 Mn in 2022.
Aftermarket in the undercarriage components market is predicted to have a market share of 54.7% in 2022. With regular maintenance and servicing required for the smooth function of these equipment, the aftermarket services need to be dynamic to cater the increasing demand.
Competitive Landscape
Prominent manufacturers of the undercarriage components industry worldwide such as Caterpillar Inc., Continental AG, Berco S.p.A (Thyssenkrupp), Deere & Company, DIGBITS Ltd, Dozco Pvt. Ltd, Gemmo Group Srl, Hitachi Construction Machinery Co., Ltd., Hoe Leong Corporation Ltd., Komatsu Limited, MST, Renomag, ThyssenKrupp AG, Titan International, Inc., Topy Industries Ltd., TRIDENT INTERNATIONAL P LTD., TVH Parts Holding NV, USCO SpA, Verhoeven Group etc are putting emphasis on launching products that are technologically advanced to gain competitive advantage over others. Companies are follow growth strategies such as acquisitions and collaborations with other market players to help improve production capacities, improve market penetration and capture larger market share.
Dorman Products, Inc. acquired Dayton Parts which is a heavy-duty undercarriage aftermarket component supplier in 2021 for the US $338 million. This acquisition will complement the heavy-duty growth strategy of Dorman by helping it add several new undercarriage components products to the market.
On September 15, 2022, National Equipment Dealers LLC (NED) acquired L & N Supply Company, which is a heavy equipment distributor located in Dallas. This will now become the company's 15 location and as a result, will help the company improve its market presence
Fact.MR has provided detailed information about the price points of key manufacturers of undercarriage components positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Undercarriage Components Industry Research
-
By Component Type:
- Track and Carrier Rollers
- Track Chains
- Idlers & Sprocket
- Equalizer Bars
- Track Shoe/Rubber Tracks
- Track Adjuster & Recoil
- Link Assemblies
- Other Components (Bogies, Track guide, pins & busing, etc)
-
By Equipment Type:
- Excavator
- Track Loader
- Dozers
- Multi Terrain Loaders
- Crawler Cranes
- Asphalt Pavers
- Others
-
By End Use:
- Construction
- Mining
- Agriculture & Forestry
- Landscape & Maintenance
- Other
-
By Sales Channel:
- OEM
- Aftermarket
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Undercarriage Components Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Component Type
- 7.1. Track and Carrier Rollers
- 7.2. Track Chains
- 7.3. Idlers & Sprocket
- 7.4. Equalizer Bars
- 7.5. Track Shoe/Rubber Tracks
- 7.6. Track Adjuster & Recoil
- 7.7. Link Assemblies
- 7.8. Other Components (Bogies, Track guide, pins & bushing, etc)
- 8. Global Market Analysis and Forecast, By Equipment Type
- 8.1. Excavator
- 8.2. Track Loader
- 8.3. Dozers
- 8.4. Multi Terrain Loaders
- 8.5. Crawler Cranes
- 8.6. Asphalt Pavers
- 8.7. Others
- 9. Global Market Analysis and Forecast, By End Use
- 9.1. Construction
- 9.2. Mining
- 9.3. Agriculture & Forestry
- 9.4. Landscape & Maintenance
- 9.5. Other
- 10. Global Market Analysis and Forecast, By Sales Channel
- 10.1. OEM
- 10.2. Aftermarket
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East & Africa
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Oceania Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Undercarriage Components Competition Analysis
- 20.1. Caterpillar Inc.
- 20.2. Continental AG
- 20.3. Berco S.p.A (Thyssenkrupp)
- 20.4. Deere & Company
- 20.5. DIGBITS Ltd
- 20.6. Dozco Pvt. Ltd
- 20.7. Gemmo Group Srl
- 20.8. Hitachi Construction Machinery Co., Ltd.
- 20.9. Hoe Leong Corporation Ltd.
- 20.10. Komatsu Limited
- 20.11. MST
- 20.12. Renomag
- 20.13. ThyssenKrupp AG
- 20.14. Titan International, Inc.
- 20.15. Topy Industries Ltd.
- 20.16. TRIDENT INTERNATIONAL P LTD.
- 20.17. TVH Parts Holding NV
- 20.18. USCO SpA
- 20.19. Verhoeven Group
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
List Of Table
Table 01: Global Market Value (US$ million) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value (US$ million) and Forecast by Region, 2022 to 2032
Table 03: Global Market Volume (Units) and Forecast by Region, 2017 to 2021
Table 04: Global Market Volume (Units) and Forecast by Region, 2022 to 2032
Table 05: Global Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 06: Global Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 07: Global Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 08: Global Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 09: Global Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 10: Global Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 11: Global Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 12: Global Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 13: Global Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 14: Global Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 15: Global Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 16: Global Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 17: Global Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 18: Global Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 19: Global Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 20: Global Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
Table 21: North America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 22: North America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 23: North America Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 24: North America Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 25: North America Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 26: North America Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 27: North America Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 28: North America Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 29: North America Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 30: North America Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 31: North America Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 32: North America Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 33: North America Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 34: North America Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 35: North America Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 36: North America Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 37: North America Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 38: North America Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 39: North America Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 40: North America Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
Table 41: Latin America Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 42: Latin America Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 43: Latin America Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 44: Latin America Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 45: Latin America Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 46: Latin America Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 47: Latin America Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 48: Latin America Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 49: Latin America Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 50: Latin America Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 51: Latin America Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 52: Latin America Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 53: Latin America Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 54: Latin America Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 55: Latin America Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 56: Latin America Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 57: Latin America Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 58: Latin America Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 59: Latin America Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 60: Latin America Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
Table 61: Europe Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 62: Europe Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 63: Europe Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 64: Europe Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 65: Europe Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 66: Europe Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 67: Europe Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 68: Europe Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 69: Europe Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 70: Europe Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 71: Europe Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 72: Europe Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 73: Europe Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 74: Europe Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 75: Europe Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 76: Europe Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 77: Europe Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 78: Europe Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 79: Europe Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 80: Europe Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
Table 81: East Asia Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 82: East Asia Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 83: East Asia Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 84: East Asia Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 85: East Asia Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 86: East Asia Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 87: East Asia Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 88: East Asia Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 89: East Asia Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 90: East Asia Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 91: East Asia Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 92: East Asia Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 93: East Asia Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 94: East Asia Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 95: East Asia Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 96: East Asia Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 97: East Asia Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 98: East Asia Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 99: East Asia Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 100: East Asia Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
Table 101: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 102: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 103: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 104: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 105: South Asia & Oceania Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 106: South Asia & Oceania Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 107: South Asia & Oceania Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 108: South Asia & Oceania Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 109: South Asia & Oceania Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 110: South Asia & Oceania Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 111: South Asia & Oceania Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 112: South Asia & Oceania Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 113: South Asia & Oceania Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 114: South Asia & Oceania Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 115: South Asia & Oceania Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 116: South Asia & Oceania Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 117: South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 118: South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 119: South Asia & Oceania Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 120: South Asia & Oceania Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
Table 121: MEA Market Value (US$ million) and Forecast by Country, 2017 to 2021
Table 122: MEA Market Value (US$ million) and Forecast by Country, 2022 to 2032
Table 123: MEA Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 124: MEA Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 125: MEA Market Value (US$ million) and Forecast By Component Type, 2017 to 2021
Table 126: MEA Market Value (US$ million) and Forecast By Component Type, 2022 to 2032
Table 127: MEA Market Volume (Units) and Forecast By Component Type, 2017 to 2021
Table 128: MEA Market Volume (Units) and Forecast By Component Type, 2022 to 2032
Table 129: MEA Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021
Table 130: MEA Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032
Table 131: MEA Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021
Table 132: MEA Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032
Table 133: MEA Market Value (US$ million) and Forecast By End Use, 2017 to 2021
Table 134: MEA Market Value (US$ million) and Forecast By End Use, 2022 to 2032
Table 135: MEA Market Volume (Units) and Forecast By End Use, 2017 to 2021
Table 136: MEA Market Volume (Units) and Forecast By End Use, 2022 to 2032
Table 137: MEA Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021
Table 138: MEA Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032
Table 139: MEA Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021
Table 140: MEA Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032
List Of Figures
Figure 01: Global Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 03: Global Market Value (US$ million) and Volume (Units) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 07: Global Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 09: Global Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 11: Global Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 12: Global Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 13: North America Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 14: North America Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 15: North America Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 17: North America Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 19: North America Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 21: North America Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 23: North America Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 25: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis By Component Type, 2022 to 2032
Figure 27: North America Market Attractiveness Analysis By Equipment Type, 2022 to 2032
Figure 28: North America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 30: Latin America Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 31: Latin America Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 32: Latin America Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 33: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 34: Latin America Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 35: Latin America Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 36: Latin America Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 37: Latin America Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 38: Latin America Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 39: Latin America Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 40: Latin America Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Attractiveness Analysis By Component Type, 2022 to 2032
Figure 44: Latin America Market Attractiveness Analysis By Equipment Type, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 46: Latin America Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 47: Europe Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 48: Europe Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 49: Europe Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 50: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 51: Europe Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 53: Europe Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 55: Europe Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 56: Europe Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 57: Europe Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 59: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 60: Europe Market Attractiveness Analysis By Component Type, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis By Equipment Type, 2022 to 2032
Figure 62: Europe Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 63: Europe Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 64: East Asia Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 65: East Asia Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 66: East Asia Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 67: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68: East Asia Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 69: East Asia Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 70: East Asia Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 71: East Asia Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 72: East Asia Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 73: East Asia Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 74: East Asia Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 75: East Asia Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 76: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis By Component Type, 2022 to 2032
Figure 78: East Asia Market Attractiveness Analysis By Equipment Type, 2022 to 2032
Figure 79: East Asia Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 81: South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 82: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 83: South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 84: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 86: South Asia & Oceania Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 87: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 88: South Asia & Oceania Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 89: South Asia & Oceania Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 90: South Asia & Oceania Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 91: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 92: South Asia & Oceania Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 94: South Asia & Oceania Market Attractiveness Analysis By Component Type, 2022 to 2032
Figure 95: South Asia & Oceania Market Attractiveness Analysis By Equipment Type, 2022 to 2032
Figure 96: South Asia & Oceania Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 97: South Asia & Oceania Market Attractiveness Analysis By Sales Channel, 2022 to 2032
Figure 98: MEA Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032
Figure 99: MEA Market Absolute $ Opportunity (US$ million), 2021 to 2032
Figure 100: MEA Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032
Figure 101: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 102: MEA Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032
Figure 103: MEA Market Y-o-Y Growth Rate By Component Type, 2022 to 2032
Figure 104: MEA Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032
Figure 105: MEA Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032
Figure 106: MEA Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032
Figure 107: MEA Market Y-o-Y Growth Rate By End Use, 2022 to 2032
Figure 108: MEA Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032
Figure 109: MEA Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032
Figure 110: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 111: MEA Market Attractiveness Analysis By Component Type, 2022 to 2032
Figure 112: MEA Market Attractiveness Analysis By Equipment Type, 2022 to 2032
Figure 113: MEA Market Attractiveness Analysis By End Use, 2022 to 2032
Figure 114: MEA Market Attractiveness Analysis By Sales Channel, 2022 to 2032
- FAQs -
What is the global undercarriage components market size?
The global undercarriage components market will be valued at US$ 6,829.6 million in 2022.
How far is the global demand expected to reach over the forecasted period?
Worldwide demand for undercarriage components is anticipated to reach US$ 10,173.9 Million by 2032-end.
How did the market perform over the last few years?
During 2017 to 2021, sales of undercarriage components witness -2.1% CAGR owing to effect from COVID-19 pandemic
Which regional undercarriage components market accounts for a leading market share?
East Asia will top the global undercarriage components with 31.6% market share in 2022.
Which undercarriage component type will hold the highest market share in 2022?
Track Shoe/ Rubber Tracks component type of undercarriage components is predicted to account for 25.3% share of global sales in 2022.
Undercarriage Components Market