openPR Logo
Press release

Undercarriage Components Market to Experience Significant Growth during the Forecast Period 2018-2028 | Key Players - AB Volvo, Titan International , Deere & Company, Berco S.p.A (Thyssenkrupp AG), Komatsu Limited, Caterpillar , Dozco

10-10-2018 10:13 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Undercarriage Components Market to Experience Significant

Resurgent growth in the construction sector since the past years coupled with increasing construction activities and infrastructure development continue to remain instrumental in driving sales of construction equipment, in turn influencing sales of undercarriage components worldwide. Growing technological advancements in earth moving equipment to meet the increasing demand for new construction projects has significantly fueled the demand for durable and efficient undercarriage components since the past years. Fact.MR envisages that the demand for undercarriage components is projected to expand at a steady rate at a CAGR of 3.2% throughout the period of assessment, 2018-2028. Sales of undercarriage components by the end of the year of forecast is estimated to cross US$ 10,800 Mn, says the report.

Request a free sample report- https://www.factmr.com/connectus/sample?flag=S&rep_id=1623

Sales of undercarriage components through aftermarkets is likely to surpass those from OEMs (original equipment manufacturers) during the period of forecast. The aftermarket is likely to remain strong for undercarriage components on the back of low life of these components. Lower life span has resulted in frequent changing of undercarriage components owing to excessive use of construction equipment, which in turn is expected to increase the demand for undercarriage components in the aftermarket. However, development of undercarriage components with high durability is expected to impact their aftermarket sales as OEMs are striving to extend life of undercarriage components using wear-resistant undercarriage technology.

Demand for undercarriage components in the construction industry is expected to increase at significant pace during the period of forecast on the back of growing construction projects across the globe. For instance, expansion of airports, construction of new highways and road extensions, construction of dams, increasing commercial infrastructure projects and construction of railways are likely to augment demand for construction and earth moving equipment, in turn supporting the sales of undercarriage components. Moreover, demand for undercarriage components from the agriculture and forestry industry is projected to expand at a high rate during the period of forecast owing to growing use of agricultural equipment, particularly in the emerging economies.

Use of undercarriage components in crawler excavators and mini excavators has remained high since the past few years and is likely to witness an upswing in the years to follow, says
Fact.MR report. Apart from construction of highways and dams, demand for crawler excavators has been increasing in the mining sector, which is expected to push their sales. This factor is anticipated to support the growth of the undercarriage components market during the assessment period. Moreover, with growing residential construction activities the demand for mini excavators is likely to witness a significant push. These factors are expected to auger well for the sales of undercarriage components in earth moving equipment such as crawler excavators and mini excavators during the forecast period, making them a lucrative business opportunity for undercarriage components manufacturers.

Fact.MR’s study on Undercarriage Components Market is comprehensive – 170 pages, 76 tables, and 173 figures - https://www.factmr.com/report/1623/undercarriage-components-market

Demand for track shoe/rubber tracks undercarriage components is projected to grow at a high rate during the period of assessment. According to the report, the sales of track shoe undercarriage components are estimated to surpass US$ 2,800 Mn by end of the year of forecast. This growth in sales can be attributed to their high efficiency in providing traction to the construction equipment to conveniently maneuver. In addition, the report forecasts that the demand for track chains, bushing and seals as undercarriage components, is projected to expand at a relatively high pace throughout the assessment period, making them a highly attractive market for stakeholders.

Sales of undercarriage components are expected to remain concentrated in the emerging economies of Greater China and India in the Asia Pacific excluding Japan (APEJ) owing to stellar growth in construction and infrastructure activities in the region. Major constructions projects such as InterBering-China-Russia-Canada-America High Speed Rail Road, DoIT – Brisbane to Melbourne High Speed Railway Link - New South Wales, Australia, Xinjiang-Kyrgyzstan-Uzbekistan-Turkmenistan-Iran-Turkey Railway Link – China, NHAI – National Highway Development Program – India and MoLTM/MoT – South Korea to China Underwater Train Tunnel – South Korea, to name a few, have largely contributed to the growth of the construction equipment industry in the region, in turn fuelling sales of undercarriage components. Stakeholders in the undercarriage components market can expect a steady stream of opportunities from the APEJ region on the back of an optimistic construction scenario in the region.

Fact.MR study on Undercarriage Components Market is available for direct purchase. Buy now - https://www.factmr.com/checkout/603/S

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Undercarriage Components Market to Experience Significant Growth during the Forecast Period 2018-2028 | Key Players - AB Volvo, Titan International , Deere & Company, Berco S.p.A (Thyssenkrupp AG), Komatsu Limited, Caterpillar , Dozco here

News-ID: 1292904 • Views:

More Releases from Fact.MR

Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decoding
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Key Players: iRobot Corporation, Neato Robotics, Inc., Yujin Robot, Co., Ltd., and Dyson Inc
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke …
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleaners
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
08-29-2025 | Health & Medicine
Fact.MR
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offering
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2034 | Key Players: Johnson & Johnson Services Inc; Teva Pharmaceutical Industries Ltd.; Sun Pharmaceutical Industries Ltd.; Takeda Pharmaceutical Company Limited
08-29-2025 | Health & Medicine
Fact.MR
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 …
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhance

All 5 Releases


More Releases for Undercarriage

Why ASV Tracks Revolutionize Undercarriage Comfort
Image: https://statics.mylandingpages.co/static/aaanxdmf26c522mpaaaaz2wwe7ppkact/image/783cf5430d1e44ea86f108d08ec3364a.webp ASV tracks and undercarriage [https://www.gatortrack.com/products-picture/rubber-tracks/asv-tracks/] systems set a new standard for operator comfort. They minimize vibrations, making long hours on rough terrain feel less grueling. Their durable design handles tough conditions while delivering a smooth ride. Operators experience better stability and traction, making these systems ideal for demanding work environments. Key Takeaways * ASV tracks cut down vibrations, giving a smoother ride. This helps reduce tiredness for operators working long
Rising Demand For Electric Vehicles Driving Growth In Undercarriage Components D …
What market dynamics are playing a key role in accelerating the growth of the undercarriage component market? The undercarriage components market is projected to expand with the rising demand for electric vehicles (EVs). EVs are cars powered by electric motors that utilize rechargeable batteries or other energy storage mechanisms for driving power. Various reasons contribute to the popularity of these automobiles, including environmental awareness, infrastructural advancements, societal and cultural transformations, and
Key Trends Shaping the Future Undercarriage Component Market From 2025-2034: Zaf …
What Is the Estimated Market Size and Growth Rate for the Undercarriage Component Market? In the past few years, the undercarriage component market has seen significant growth. It is projected to enhance from $6.09 billion in 2024 to $6.44 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.7%. Factors contributing to this growth during the historical phase include the expansion of the construction and infrastructure sector, the emergence
Undercarriage Components Market Revenue, Insights, Overview, Outlook, Analysis
Undercarriage Components Market Size The global Undercarriage Components market is projected to reach US$ 9013 million by 2030 from an estimated US$ 6012.5 million in 2024, at a CAGR of 7.0% during 2024 and 2030. Get Free Sample @ https://reports.valuates.com/request/sample/QYRE-Auto-27V8818/Global_Undercarriage_Components_Market_Outlook_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
Undercarriage Components Market Size 2024 to 2031.
Market Overview and Report Coverage The Undercarriage Components Market refers to the market for the various parts that make up the undercarriage of a vehicle, including components such as tracks, rollers, idlers, sprockets, and shoes. These components are vital for the proper functioning and performance of heavy machinery, such as excavators, bulldozers, and cranes. The future outlook for the Undercarriage Components Market is positive, with the market expected to grow
Undercarriage Components Market Insights on Emerging Scope 2026
Undercarriage Components Market - Overview Undercarriage include different systems and components, which are mounted beneath the carriage of heavy machineries, such as track loaders, bulldozers, and crawler dozers. Undercarriage components are caterpillar track chains, track shoes, idlers, drive sprockets, rollers, and carrier rollers. Several small components, such as links, pins, bushings, and frames, are also a part of the undercarriage. Obtain Report Details @ https://www.transparencymarketresearch.com/undercarriage-components-market.html Rise in agriculture and construction sectors are anticipated