Global Tyre Protection Chain Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tyre Protection Chain Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Tyre Protection Chain is a close mesh of high-alloy, hardened steel chains. It protects the tread and sidewalls of the tyres. The flexible design of the chains lets them adjust to every tyre deformation. Their high level of self-cleaning prevents the tread mesh from becoming filled and clogged, which contributes to achieving the best possible road-holding and traction.

Market Overview:


The latest research study on the global Tyre Protection Chain market finds that the global Tyre Protection Chain market reached a value of USD 279.22 million in 2022. It’s expected that the market will achieve USD 329.98 million by 2028, exhibiting a CAGR of 2.82% during the forecast period.

The growth of the Tyre Protection Chain market is largely driven by downstream consumption. With the development of the economy, the development of the mining industry, and the update of the old Tyre protection chain, the increasing awareness of protecting their mechanical equipment, in addition, the technology advance, the entrance of international large enterprises, the growth of local businesses, will all promote the sale of Tyre Protection Chain.

Tyre Protection Chain market drivers

Increasing competition in the industry has accelerated the need for enterprises to optimize cost management and improve work efficiency

Limitations of Tyre Protection Chain

Product positioning is not clear and low-end products overcapacity problems will become apparent
Procurement and bargaining advantages of large enterprises are becoming more and more obvious

Opportunities for Tyre Protection Chain

Product line upgrades and customized products will be more and more;
Besides products, it will become more and more important for installation and repair services

Industry Policies of Tyre Protection Chain

Contains general provisions for environmental protection, pollution control, and environmental impact assessments (EIAs) and includes penalty provisions for environmental violations.

Establishing the apportionment of royalties between the Province and its Subdivisions is aimed at decentralizing municipal governments decision-making concerning expenditures and investments. Mining royalties have become an important item of income for Argentina

This serves mainly to underpin the secure supply of raw materials with more efficient licensing and approval procedures and prioritizes the extraction of raw materials over other overriding interests of the common good. This is particularly evident in what is known as the raw material safeguarding clause. According to this clause, regulations under public law that stand opposed to the exploration for and extraction of raw materials should be applied only to the extent that any deleterious impact on exploration and extraction can be kept to an absolute minimum.

Region Overview:


Europe had the highest growth rate of all regions

Company Overview:


RUD Group, Pewag, Inc., LAS ZIRH, Veriga and Red Anchor are the five key players in the global Tyre Protection Chain market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Tyre Protection Chain market in the past 5 years.

Segmentation Overview:


Among different product types, Normal Type segment is anticipated to contribute the largest market share in 2027.

Application Overview:


By application, the Mining & Energy segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Tyre Protection Chain market covered in Chapter 3:

LAS ZIRH (SDL)
Wuhan Machine Equipment
Tianjin Pingfeng Tyre Protection Chain
Veriga
RUD Group (Erlau, Tyre trac, Weissenfels, NGSS)
OMEGA Chains
Pewag, Inc.
Taiyuan Qilin Tyre Protection Chain Inc.
Tianjin Jintianshan Metal Products Co, Ltd
Red Anchor
Tianjin Jiufeng

In Chapter 4 and Chapter 14.2, on the basis of types, the Tyre Protection Chain market from 2018 to 2029 is primarily split into:

Normal Type
Enhanced/Encryption Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tyre Protection Chain market from 2018 to 2029 covers:

Mining & Energy
Transportation
Steel Plants
Construction
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)