Global Undercarriage Components Market Growth 2023-2029

Global Undercarriage Components Market Growth 2023-2029

Undercarriage is a section in a vehicle that lies beneath the main body of the vehicle. For different automobiles, undercarriages differ along with their parts called as undercarriage components. Various undercarriage components such as track rollers, track chains, idlers and sprocket, track shoes and bushings are used across industries including mining, construction and agriculture & forestry. They are used in undercarriages of earth moving equipment such as crawler excavators, dozers, mini excavators, compact track loaders and crawler cranes.
LPI (LP Information)' newest research report, the “Undercarriage Components Industry Forecast” looks at past sales and reviews total world Undercarriage Components sales in 2022, providing a comprehensive analysis by region and market sector of projected Undercarriage Components sales for 2023 through 2029. With Undercarriage Components sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Undercarriage Components industry.
This Insight Report provides a comprehensive analysis of the global Undercarriage Components landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Undercarriage Components portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Undercarriage Components market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Undercarriage Components and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Undercarriage Components.
The global Undercarriage Components market size is projected to grow from US$ 5473.3 million in 2022 to US$ 8928.3 million in 2029; it is expected to grow at a CAGR of 8928.3 from 2023 to 2029.
Global Undercarriage Components main providers include Topy Industry, Thyssenkrupp and XCMG etc. The top 10 companies hold a share over 43%. Asia Pacific is the largest market, with a share about 46%. As for the types of products, it can be divided into track chains, track roller or carrier roller, track shoes, sprockets and segments and idlers and tension groups. The most common type is track chains, with a share over 32%. In terms of application, it is widely used in construction, mining, agriculture and forestry and others. The most common application is construction, which accounts for about 60% of all.
This report presents a comprehensive overview, market shares, and growth opportunities of Undercarriage Components market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Track Chains
Track Roller or Carrier Roller
Track Shoes
Sprockets and Segments
Idlers and Tension Groups
Segmentation by application
Construction
Mining
Agriculture & Forestry
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Thyssenkrupp
Komatsu
XCMG
Titan International
Caterpillar
Daechang Forging
Topy Industry
Shantui
John Deere
USCO
Hitachi Construction Machinery
Verhoeven Group
Taiheiyo Seiki
Hoe Leong
Valuepart

Key Questions Addressed in this Report
What is the 10-year outlook for the global Undercarriage Components market?
What factors are driving Undercarriage Components market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Undercarriage Components market opportunities vary by end market size?
How does Undercarriage Components break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.