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Global Traction Chains Market Growth 2019-2024
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Traction Chains are nets made up of chains that fitted to the tires of vehicles to provide maximum traction when driving through snow and ice. Snow chains attach to the drive wheels of a vehicle or special systems deploy chains which swing under the tires automatically.
Traction Chains are nets made up of chains that fitted to the tires of vehicles to provide maximum traction when driving through snow and ice. Snow chains attach to the drive wheels of a vehicle or special systems deploy chains which swing under the tires automatically.
The traction chains are classified into the metal chain and nonmetal chain according to the product material. As of 2018, metal chain segment dominates the market contributing more than 90% of the total market share, reach to 3053.7 K pairs, while nonmetal chain sold 303.5 K pairs annual. Traction chains are major applied for transport, forests and other industry, in 2018; demand for a transport occupied the largest market, with 76.7% share, and reach to 2574.7 K pairs.
The traction chains market is relative concentrated market; key players include Pewag, Rud, Peerless, Nordic Traction Group, Trygg, Laclede Chain, Maggi Group, Bohu, Ottinger, Veriga Lesce, Hangzhou Feifei Chain, Gowin; the revenue of top five manufacturers accounts over 60% of the total revenue in 2018. The high-end products mainly come from Europe.
According to this study, over the next five years the Traction Chains market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 323.8 million by 2024, from US$ 261.9 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Traction Chains business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Traction Chains market by product type, application, key manufacturers and key regions and countries.
This study considers the Traction Chains value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Metal Chain
Nonmetal Chain
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Transport
Forests
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Pewag
Rud
Peerless
Nordic Traction Group
Trygg
Laclede Chain
Maggi Group
Bohu
Ottinger
Veriga Lesce
Hangzhou Feifei Chain
Gowin
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Traction Chains consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Traction Chains market by identifying its various subsegments.
Focuses on the key global Traction Chains manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Traction Chains with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Traction Chains submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Related Information:
North America Traction Chains Market Growth 2019-2024
United States Traction Chains Market Growth 2019-2024
Asia-Pacific Traction Chains Market Growth 2019-2024
Europe Traction Chains Market Growth 2019-2024
EMEA Traction Chains Market Growth 2019-2024
Global Traction Chains Market Growth 2019-2024
China Traction Chains Market Growth 2019-2024
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