The global Undercarriage Components market was valued at US$ 5756.9 million in 2022 and is projected to reach US$ 9052.5 million by 2029, at a CAGR of 6.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Undercarriage Components, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Undercarriage Components. This report contains market size and forecasts of Undercarriage Components in global, including the following market information:
- Global Undercarriage Components Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Undercarriage Components Market Sales, 2018-2023, 2024-2029, (K Units)
- Global top five Undercarriage Components companies in 2022 (%)
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.
We surveyed the Undercarriage Components manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Undercarriage Components Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Undercarriage Components Market Segment Percentages, by Type, 2022 (%)
- Track Chains
- Track Roller or Carrier Roller
- Track Shoes
- Sprockets and Segments
- Idlers and Tension Groups
Global Undercarriage Components Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Undercarriage Components Market Segment Percentages, by Application, 2022 (%)
- Construction
- Mining
- Agriculture & Forestry
Global Undercarriage Components Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Undercarriage Components Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Undercarriage Components revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Undercarriage Components revenues share in global market, 2022 (%)
- Key companies Undercarriage Components sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Undercarriage Components sales share in global market, 2022 (%)
key players include:
- Thyssenkrupp
- Komatsu
- XCMG
- Titan International
- Caterpillar
- Daechang Forging
- Topy Industry
- Shantui
- John Deere
- USCO
- Hitachi Construction Machinery
- Verhoeven Group
- Taiheiyo Seiki
- Hoe Leong
- Valuepart
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Undercarriage Components, market overview.
- Chapter 2: Global Undercarriage Components market size in revenue and volume.
- Chapter 3: Detailed analysis of Undercarriage Components manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Undercarriage Components in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Undercarriage Components capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
