The global rubber track market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. The utilization of rubber tracks market is increasing significantly due to the rising adoption of smart transportation systems, which consists of low noise, lightweight, and high tractive materials. Rubber tracks are made up of fiber and rubber with metal composite materials accumulated over the wheels of vehicles to smoothen the wheel’s movement in wet or unfavorable conditions. In heavy machinery used in agricultural activities, mining, construction, and military sectors; rubber tracks are increasingly replacing the tires. Rubber tracks for the heavy equipment used in construction activities are increasingly adopted to perform the task efficiently. The rubber tracks offer improved traction with high stability, low noise and vibration, and improved durability without damaging the road at higher speeds. In addition, a great deal of braking distance is reduced at wet surfaces such as in ice, snow, mud using rubber tracks.
Browse the full report description of Global Rubber Tracks Market Size, Share & Trends Analysis Report by Type (Triangular Tracks and Regular Tracks), by Product (Tires, Ladder Frame, and Rubber Tracks), and by Application (Agricultural Machinery, Construction Machinery, and Military Machinery) and Forecast 2022-2028 @ https://www.omrglobal.com/industry-reports/rubber-tracks-market-size
Rubber tracks are mainly used in excavators, dozers, and pavers. In the last few years, the use of rubber tracks in tractors, industrial ATV/UTVs, forest machinery, and harvesters have increased substantially in the recent past. The producers are constantly developing innovative rubber tracks that can be utilized in heavy machinery. For instance, in 2016, Mattracks, Inc. announced the development of 400M1A1 rubber track for heavy commercial machinery that weighs up to 35,000 pounds. It has also been observed that manufacturers are focusing on designing lug patterns and newer treads to enhance the functioning stability to allow versatile track usage. The producers are emphasizing on improving the overall functionality by blending synthetic and natural rubber that is used in the manufacturing of the rubber tracks. Region-wise, Asia-Pacific is expected to dominate the rubber tracks market owing to increasing construction activities and other factors.
Military & defense are increasingly adopting rubber tracks in heavy machinery. Camso Inc., Soucy Holding Inc., and Bridgestone Corp. provides innovative rubber tracks specially designed for military machinery. For instance, Soucy provides military rubber track applications for vehicles under 25 tons, 25-35 tons and 35-45 tons. Moreover, the rubber band tracks (RBT) for vehicles under 25 metric tons provide greater mobility. Rubber tracks are almost 50% lighter than conventional steel tracks, as a result, it allows troops to add more ballistic protection and quick speed with significant fuel efficiency.
In the agriculture industry, due to industrialization, the producers are increasingly focused on sensor-equipped cutting-edge advancements for the determination of internal temperature that could provide an improved service life of components, targeted monitoring, cut-down in costs, and improved efficiency of the vehicle. However, extreme off-road conditions including scrap iron, broken pavements, continuous transporting, and broken stones could hamper the rubber tracks market growth.
Current Market Trends Covered in the Report:
Global Rubber Tracks Market - Segmentation
By Type
By Product
By Application
Global Rubber Tracks Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World