Undercarriage Components Market

Undercarriage Components Market By Component (Track Rollers/ Carrier Rollers, Track Chains), By Equipment (Crawler Excavators, Mini Excavators), By End-Use ( Construction, Mining), By Sales Channel & By Region - Global Market Insights 2022 to 2032

Analysis of Undercarriage Components market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Undercarriage Components Market Outlook (2022 to 2032)

The global undercarriage components market is set to surpass a valuation of US$ 6,829.6 million in 2022 and further expand at a CAGR of 4.1% to reach US$ 10,173.9 million by the end of 2032.

Sales of undercarriage components accounted for less than 32% of the global undercarriage system market at the end of 2021.

Report Attributes Details
Undercarriage Components Market Size (2021A) US$ 6,659.4Million
Estimated Market Value (2022E) US$ 6,829.6 Million
Forecasted Market Value (2032F) US$ 10,173.9 Million
Global Market Growth Rate (2022-2032) 4.1% CAGR
North America Market Share (2022) ~ 16.5%
North America Market Value (US$ Mn), 2022 US$ 1,127.8 Million
Europe Market Share (%), 2022 ~17.8%
Europe Market Value (US$ Mn), 2022 US$ 1,215 Million
China Market Share (%), 2022 ~18.3%
China Market Value (US$ Mn) US$ 1,247.9 Million
Top 3 country Market Share (%) ~34.3%%
Key Companies Profiled Caterpillar Inc.; Continental AG; Berco S.p.A (Thyssenkrupp); Deere & Company; DIGBITS Ltd; Dozco Pvt. Ltd; Gemmo Group Srl; Titan International, Inc.; Hoe Leong Corporation Ltd.; Komatsu Limited

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Sales Analysis of Undercarriage Components (2017 to 2021) Vs. Market Forecast Outlook (2022 to 2032)

Commercial infrastructure is expected to witness significant growth due to increasing infrastructure activities and urbanization. Construction projects such as the expansion of airports, construction of commercial buildings, growing highway constructions, etc are reinforcing the demand for undercarriage components.

The rising demand for this device in the mining and construction industry has led to manufacturers developing new and advanced products in the market. Technological advances have made undercarriage components more durable and efficient.

The prevalence of counterfeit products has also risen in the market. The low pricing of these products has resulted in increased sales. However, the quality of these products remains questionable. This factor is expected to confine the sales of original products in the coming years.

  • Short Term (2022 Q2 to 2025): Increasing demand of the construction and mining industry will enhance the demand for undercarriage components.
  • Medium Term (2025 to 2028): Lowering the prices of the products to counter the counterfeit products will increase the sales of the original products.
  • Long Term (2028 to 2032): Adding more innovation to undercarriage components along with increased emphasis on improving the technology and design of the product will improve its long-term growth in the market.

Over the 2017 to 2021 historical period, the global undercarriage components market registered a CAGR of -2.1%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.1% CAGR between 2022 and 2032.

Undercarriage Components Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Market share analysis of undercarriage components based on equipment type and region is provided in a nutshell in the above image. Under the equipment type segment, crawler excavator sub-segment will dominate with 33.3% market share in 2022.

What’s Driving Demand for Undercarriage Components?

“Rental Services Provided by Equipment Manufacturers to Drive the Sales”

With the advent of hybrid & electric equipment as well as stricter emission norms for conventional engine equipment, the cost of new equipment has increased. With tighter project timelines, the need for specialized construction machines such as bulldozers, excavators, and crawlers has increased substantially for executing specific tasks with ease at a faster pace. The construction and industrial equipment market is expected to be valued at somewhere around US$ 36 bn in the U.S. in 2022.

Hence, manufacturers are focusing on providing these services which are increasing the demand for such equipment at a quick pace. This, in turn, enables the manufacturers to maintain the machinery regularly, particularly the undercarriage components which play a crucial role in the equipment. Such rental & leasing services by equipment manufacturers are predicted to drive the growth of the undercarriage components market.

“Increased Government Spending in the Construction Industry to Fuel the Sales of Undercarriage Components”

The increase in government investments in developed and developing countries for projects such as infrastructure development and repair is predicted to drive the growth of the undercarriage components market. The construction industry GVA in the U.K. has reached a valuation of more than US$ 138 billion in 2021. An upsurge in the growth of government spending is expected to propel the demand for heavy machinery, in turn, supporting the growth of undercarriage components.

The growing efforts to build dams, highways, railways, and roads as a part of the initiative to develop smart cities in the fields of mobility and energy, With the pouring investments made by the government, the increase in demand for construction equipment is increasing, and this increase is directly contributing significantly to the undercarriage components market.

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What Concerns Should Undercarriage Components Manufacturers Avert?

“Uncertainty in the Mining Industry may Negatively Impact the Undercarriage Components Market”

The increased economic uncertainty and practical constraints of site visits and inspections have led the mining companies to adapt and evolve to automation. Such transition is expected to result in a higher cost of technological advancement, thereby prohibiting the growth as a large number of heavy machinery and construction equipment are used for mining purposes.

This, in turn, will restrain the growth of undercarriage components. Mining end use market share in 2022 is expected to be 24.2%., further it is expected to lose a significant market share by the end of the forecast period.

Further, many miners have experienced a downturn in the global supply chain, uncertainty in the geopolitical landscape, and technological disruptions that are resulting in declining investment in mining activities on a global level. Several stringent government norms related to mining equipment are also posing a challenge to the industry, and this is negatively affecting the sales of undercarriage components globally.

“Presence of Large Number of Counterfeit Products in the Market”

The rising demand for undercarriage components in the construction and mining sector has influenced manufacturers to develop advanced products that satisfy the customer's demands. Due to this, there has been an increase in the price of undercarriage components. In addition to this, there are also the high-maintenance costs.

Due to the high price of genuine products, the market is flooded with counterfeit undercarriage components which are low in quality but also low in price. Due to this, several small-time construction and manufacturing companies prefer these counterfeit products.

Due to a lack of efficient marketing practices, consumers find it difficult to distinguish genuine products from counterfeit products. This factor is likely to confine the sales of original undercarriage components, in turn posing challenges to OEMs and genuine aftermarket players of undercarriage components in the coming years.

Country-wise Insights

How are the Construction Projects in Singapore Influencing Sales of Undercarriage Components?

The Southeast Asia construction equipment market is expected to reach a revenue of US$ 10.7 billion by 2028. Expansion projects such as that of Resorts World Sentosa which is expected to be valued at US$ 3,319 Mn, Jurong Region MRT Line: Package-J113 project is predicted to be valued at US$ 200 Mn.

With such projects in hand, the construction industry is set to see a huge boom in the future and hence the construction equipment will also witness exponential growth since undercarriage components play a major role in the efficient functioning of construction equipment.

How U.S. Undercarriage Components Market Will Perform?

The active mines in the U.S. are valued at about US$ 57 billion in 2020. The mining industry contributed to 3% of the GDP in 2020. The mining industry in the US mines metals like copper, steel, etc, essential metals like gold and silver, and also radioactive ores like uranium.

This industry is one of leading contributor in the US and it plays a significant role in maintaining the country's economy. In North America, the mining sub-segment is expected to have the market share of 21.4% in 2022. Owing to high maturity of the U.S. market, it is expected to continue its dominance over the forecast period.

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Category-wise Insights

How is the Increasing Crawler Excavators Sales Positively Impacting the Undercarriage Market?

Excavators are the most widely used instrument type in the construction and mining industry. The machineries are capable of doing all the heavy lifting as well as digging. In 2020, 327,600 excavators were sold worldwide, of this, crawler excavators was one of the leading type of excavator.

In 2022, in the equipment type segment, the crawler excavators sub segment is expected to have a market value of US$ 2,274.5 Mn. These devices are different from the usual excavators and have tracks instead of wheels which enables them to operate efficiently even on uneven surfaces.

The tracks in this make use of undercarriage components and hence with the rising demand of the construction industry worldwide, the need for crawler excavators is expected to increase. Owing to which the volume of crawler excavators manufactured would increase and hence the undercarriage components industry will also witness significant rise.

How is the Aftermarket Services Complementing the Growth of Market?

With the post-pandemic construction industry and mining industry are witnessing V-shape recovery, while the aftermarket sales industry has also witnessed growth. This growth is mainly to keep up with the demands of the customers, since there is the demand-supply gap wherein dynamic demand is posing as potential opportunity for sales in aftermarket. The market value of aftermarket sales channel is predicted to be US$ 3,736.4 Mn in 2022.

Aftermarket in the undercarriage components market is predicted to have a market share of 54.7% in 2022. With regular maintenance and servicing required for the smooth function of these equipment, the aftermarket services need to be dynamic to cater the increasing demand.

Competitive Landscape

Prominent manufacturers of the undercarriage components industry worldwide such as Caterpillar Inc., Continental AG, Berco S.p.A (Thyssenkrupp), Deere & Company, DIGBITS Ltd, Dozco Pvt. Ltd, Gemmo Group Srl, Hitachi Construction Machinery Co., Ltd., Hoe Leong Corporation Ltd., Komatsu Limited, MST, Renomag, ThyssenKrupp AG, Titan International, Inc., Topy Industries Ltd., TRIDENT INTERNATIONAL P LTD., TVH Parts Holding NV, USCO SpA, Verhoeven Group etc are putting emphasis on launching products that are technologically advanced to gain competitive advantage over others. Companies are follow growth strategies such as acquisitions and collaborations with other market players to help improve production capacities, improve market penetration and capture larger market share.

Dorman Products, Inc. acquired Dayton Parts which is a heavy-duty undercarriage aftermarket component supplier in 2021 for the US $338 million. This acquisition will complement the heavy-duty growth strategy of Dorman by helping it add several new undercarriage components products to the market.

On September 15, 2022, National Equipment Dealers LLC (NED) acquired L & N Supply Company, which is a heavy equipment distributor located in Dallas. This will now become the company's 15 location and as a result, will help the company improve its market presence

Fact.MR has provided detailed information about the price points of key manufacturers of undercarriage components positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Undercarriage Components Industry Research

  • By Component Type:

    • Track and Carrier Rollers
    • Track Chains
    • Idlers & Sprocket
    • Equalizer Bars
    • Track Shoe/Rubber Tracks
    • Track Adjuster & Recoil
    • Link Assemblies
    • Other Components (Bogies, Track guide, pins & busing, etc)
  • By Equipment Type:

    • Excavator
    • Track Loader
    • Dozers
    • Multi Terrain Loaders
    • Crawler Cranes
    • Asphalt Pavers
    • Others
  • By End Use:

    • Construction
    • Mining
    • Agriculture & Forestry
    • Landscape & Maintenance
    • Other
  • By Sales Channel:

    • OEM
    • Aftermarket
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Table of Content

  • 1. Market - Executive Summary
  • 2. Market Overview
  • 3. Market Background and Foundation Data
  • 4. Global Undercarriage Components Demand (Units) Analysis and Forecast
  • 5. Global Market - Pricing Analysis
  • 6. Global Market Value (US$ million) Analysis and Forecast
  • 7. Global Market Analysis and Forecast, By Component Type
    • 7.1. Track and Carrier Rollers
    • 7.2. Track Chains
    • 7.3. Idlers & Sprocket
    • 7.4. Equalizer Bars
    • 7.5. Track Shoe/Rubber Tracks
    • 7.6. Track Adjuster & Recoil
    • 7.7. Link Assemblies
    • 7.8. Other Components (Bogies, Track guide, pins & bushing, etc)
  • 8. Global Market Analysis and Forecast, By Equipment Type
    • 8.1. Excavator
    • 8.2. Track Loader
    • 8.3. Dozers
    • 8.4. Multi Terrain Loaders
    • 8.5. Crawler Cranes
    • 8.6. Asphalt Pavers
    • 8.7. Others
  • 9. Global Market Analysis and Forecast, By End Use
    • 9.1. Construction
    • 9.2. Mining
    • 9.3. Agriculture & Forestry
    • 9.4. Landscape & Maintenance
    • 9.5. Other
  • 10. Global Market Analysis and Forecast, By Sales Channel
    • 10.1. OEM
    • 10.2. Aftermarket
  • 11. Global Market Analysis and Forecast, By Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Europe
    • 11.4. East Asia
    • 11.5. South Asia & Oceania
    • 11.6. Middle East & Africa
  • 12. North America Market Analysis and Forecast
  • 13. Latin America Market Analysis and Forecast
  • 14. Europe Market Analysis and Forecast
  • 15. East Asia Market Analysis and Forecast
  • 16. South Asia & Oceania Market Analysis and Forecast
  • 17. Middle East & Africa Market Analysis and Forecast
  • 18. Country-level Market Analysis and Forecast
  • 19. Market Structure Analysis
  • 20. Undercarriage Components Competition Analysis
    • 20.1. Caterpillar Inc.
    • 20.2. Continental AG
    • 20.3. Berco S.p.A (Thyssenkrupp)
    • 20.4. Deere & Company
    • 20.5. DIGBITS Ltd
    • 20.6. Dozco Pvt. Ltd
    • 20.7. Gemmo Group Srl
    • 20.8. Hitachi Construction Machinery Co., Ltd.
    • 20.9. Hoe Leong Corporation Ltd.
    • 20.10. Komatsu Limited
    • 20.11. MST
    • 20.12. Renomag
    • 20.13. ThyssenKrupp AG
    • 20.14. Titan International, Inc.
    • 20.15. Topy Industries Ltd.
    • 20.16. TRIDENT INTERNATIONAL P LTD.
    • 20.17. TVH Parts Holding NV
    • 20.18. USCO SpA
    • 20.19. Verhoeven Group
  • 21. Assumptions & Acronyms Used
  • 22. Research Methodology

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List Of Table

Table 01: Global Market Value (US$ million) and Forecast by Region, 2017 to 2021

Table 02: Global Market Value (US$ million) and Forecast by Region, 2022 to 2032

Table 03: Global Market Volume (Units) and Forecast by Region, 2017 to 2021

Table 04: Global Market Volume (Units) and Forecast by Region, 2022 to 2032

Table 05: Global Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 06: Global Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 07: Global Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 08: Global Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 09: Global Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 10: Global Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 11: Global Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 12: Global Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 13: Global Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 14: Global Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 15: Global Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 16: Global Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 17: Global Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 18: Global Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 19: Global Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 20: Global Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

Table 21: North America Market Value (US$ million) and Forecast by Country, 2017 to 2021

Table 22: North America Market Value (US$ million) and Forecast by Country, 2022 to 2032

Table 23: North America Market Volume (Units) and Forecast by Country, 2017 to 2021

Table 24: North America Market Volume (Units) and Forecast by Country, 2022 to 2032

Table 25: North America Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 26: North America Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 27: North America Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 28: North America Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 29: North America Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 30: North America Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 31: North America Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 32: North America Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 33: North America Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 34: North America Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 35: North America Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 36: North America Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 37: North America Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 38: North America Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 39: North America Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 40: North America Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

Table 41: Latin America Market Value (US$ million) and Forecast by Country, 2017 to 2021

Table 42: Latin America Market Value (US$ million) and Forecast by Country, 2022 to 2032

Table 43: Latin America Market Volume (Units) and Forecast by Country, 2017 to 2021

Table 44: Latin America Market Volume (Units) and Forecast by Country, 2022 to 2032

Table 45: Latin America Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 46: Latin America Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 47: Latin America Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 48: Latin America Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 49: Latin America Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 50: Latin America Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 51: Latin America Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 52: Latin America Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 53: Latin America Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 54: Latin America Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 55: Latin America Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 56: Latin America Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 57: Latin America Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 58: Latin America Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 59: Latin America Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 60: Latin America Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

Table 61: Europe Market Value (US$ million) and Forecast by Country, 2017 to 2021

Table 62: Europe Market Value (US$ million) and Forecast by Country, 2022 to 2032

Table 63: Europe Market Volume (Units) and Forecast by Country, 2017 to 2021

Table 64: Europe Market Volume (Units) and Forecast by Country, 2022 to 2032

Table 65: Europe Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 66: Europe Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 67: Europe Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 68: Europe Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 69: Europe Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 70: Europe Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 71: Europe Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 72: Europe Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 73: Europe Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 74: Europe Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 75: Europe Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 76: Europe Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 77: Europe Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 78: Europe Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 79: Europe Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 80: Europe Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

Table 81: East Asia Market Value (US$ million) and Forecast by Country, 2017 to 2021

Table 82: East Asia Market Value (US$ million) and Forecast by Country, 2022 to 2032

Table 83: East Asia Market Volume (Units) and Forecast by Country, 2017 to 2021

Table 84: East Asia Market Volume (Units) and Forecast by Country, 2022 to 2032

Table 85: East Asia Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 86: East Asia Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 87: East Asia Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 88: East Asia Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 89: East Asia Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 90: East Asia Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 91: East Asia Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 92: East Asia Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 93: East Asia Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 94: East Asia Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 95: East Asia Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 96: East Asia Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 97: East Asia Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 98: East Asia Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 99: East Asia Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 100: East Asia Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

Table 101: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2017 to 2021

Table 102: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2022 to 2032

Table 103: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2017 to 2021

Table 104: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2022 to 2032

Table 105: South Asia & Oceania Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 106: South Asia & Oceania Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 107: South Asia & Oceania Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 108: South Asia & Oceania Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 109: South Asia & Oceania Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 110: South Asia & Oceania Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 111: South Asia & Oceania Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 112: South Asia & Oceania Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 113: South Asia & Oceania Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 114: South Asia & Oceania Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 115: South Asia & Oceania Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 116: South Asia & Oceania Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 117: South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 118: South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 119: South Asia & Oceania Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 120: South Asia & Oceania Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

Table 121: MEA Market Value (US$ million) and Forecast by Country, 2017 to 2021

Table 122: MEA Market Value (US$ million) and Forecast by Country, 2022 to 2032

Table 123: MEA Market Volume (Units) and Forecast by Country, 2017 to 2021

Table 124: MEA Market Volume (Units) and Forecast by Country, 2022 to 2032

Table 125: MEA Market Value (US$ million) and Forecast By Component Type, 2017 to 2021

Table 126: MEA Market Value (US$ million) and Forecast By Component Type, 2022 to 2032

Table 127: MEA Market Volume (Units) and Forecast By Component Type, 2017 to 2021

Table 128: MEA Market Volume (Units) and Forecast By Component Type, 2022 to 2032

Table 129: MEA Market Value (US$ million) and Forecast By Equipment Type, 2017 to 2021

Table 130: MEA Market Value (US$ million) and Forecast By Equipment Type, 2022 to 2032

Table 131: MEA Market Volume (Units) and Forecast By Equipment Type, 2017 to 2021

Table 132: MEA Market Volume (Units) and Forecast By Equipment Type, 2022 to 2032

Table 133: MEA Market Value (US$ million) and Forecast By End Use, 2017 to 2021

Table 134: MEA Market Value (US$ million) and Forecast By End Use, 2022 to 2032

Table 135: MEA Market Volume (Units) and Forecast By End Use, 2017 to 2021

Table 136: MEA Market Volume (Units) and Forecast By End Use, 2022 to 2032

Table 137: MEA Market Value (US$ million) and Forecast By Sales Channel, 2017 to 2021

Table 138: MEA Market Value (US$ million) and Forecast By Sales Channel, 2022 to 2032

Table 139: MEA Market Volume (Units) and Forecast By Sales Channel, 2017 to 2021

Table 140: MEA Market Volume (Units) and Forecast By Sales Channel, 2022 to 2032

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List Of Figures

Figure 01: Global Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 02: Global Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 03: Global Market Value (US$ million) and Volume (Units) by Region, 2022 & 2032

Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032

Figure 05: Global Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 06: Global Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 07: Global Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 08: Global Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 09: Global Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 11: Global Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 12: Global Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 13: North America Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 14: North America Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 15: North America Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032

Figure 16: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032

Figure 17: North America Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 18: North America Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 19: North America Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 20: North America Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 21: North America Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 22: North America Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 23: North America Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 24: North America Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 25: North America Market Attractiveness Analysis by Country, 2022 to 2032

Figure 26: North America Market Attractiveness Analysis By Component Type, 2022 to 2032

Figure 27: North America Market Attractiveness Analysis By Equipment Type, 2022 to 2032

Figure 28: North America Market Attractiveness Analysis By End Use, 2022 to 2032

Figure 29: North America Market Attractiveness Analysis By Sales Channel, 2022 to 2032

Figure 30: Latin America Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 31: Latin America Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 32: Latin America Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032

Figure 33: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032

Figure 34: Latin America Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 35: Latin America Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 36: Latin America Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 37: Latin America Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 38: Latin America Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 39: Latin America Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 40: Latin America Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 42: Latin America Market Attractiveness Analysis by Country, 2022 to 2032

Figure 43: Latin America Market Attractiveness Analysis By Component Type, 2022 to 2032

Figure 44: Latin America Market Attractiveness Analysis By Equipment Type, 2022 to 2032

Figure 45: Latin America Market Attractiveness Analysis By End Use, 2022 to 2032

Figure 46: Latin America Market Attractiveness Analysis By Sales Channel, 2022 to 2032

Figure 47: Europe Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 48: Europe Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 49: Europe Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032

Figure 50: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032

Figure 51: Europe Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 52: Europe Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 53: Europe Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 54: Europe Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 55: Europe Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 56: Europe Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 57: Europe Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 58: Europe Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 59: Europe Market Attractiveness Analysis by Country, 2022 to 2032

Figure 60: Europe Market Attractiveness Analysis By Component Type, 2022 to 2032

Figure 61: Europe Market Attractiveness Analysis By Equipment Type, 2022 to 2032

Figure 62: Europe Market Attractiveness Analysis By End Use, 2022 to 2032

Figure 63: Europe Market Attractiveness Analysis By Sales Channel, 2022 to 2032

Figure 64: East Asia Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 65: East Asia Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 66: East Asia Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032

Figure 67: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032

Figure 68: East Asia Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 69: East Asia Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 70: East Asia Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 71: East Asia Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 72: East Asia Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 73: East Asia Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 74: East Asia Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 75: East Asia Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 76: East Asia Market Attractiveness Analysis by Country, 2022 to 2032

Figure 77: East Asia Market Attractiveness Analysis By Component Type, 2022 to 2032

Figure 78: East Asia Market Attractiveness Analysis By Equipment Type, 2022 to 2032

Figure 79: East Asia Market Attractiveness Analysis By End Use, 2022 to 2032

Figure 80: East Asia Market Attractiveness Analysis By Sales Channel, 2022 to 2032

Figure 81: South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 82: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 83: South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032

Figure 84: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032

Figure 85: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 86: South Asia & Oceania Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 87: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 88: South Asia & Oceania Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 89: South Asia & Oceania Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 90: South Asia & Oceania Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 91: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 92: South Asia & Oceania Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 93: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032

Figure 94: South Asia & Oceania Market Attractiveness Analysis By Component Type, 2022 to 2032

Figure 95: South Asia & Oceania Market Attractiveness Analysis By Equipment Type, 2022 to 2032

Figure 96: South Asia & Oceania Market Attractiveness Analysis By End Use, 2022 to 2032

Figure 97: South Asia & Oceania Market Attractiveness Analysis By Sales Channel, 2022 to 2032

Figure 98: MEA Market Value (US$ million) and Volume (Units) Forecast, 2022 to 2032

Figure 99: MEA Market Absolute $ Opportunity (US$ million), 2021 to 2032

Figure 100: MEA Market Value (US$ million) and Volume (Units) by Country, 2022 & 2032

Figure 101: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032

Figure 102: MEA Market Value (US$ million) and Volume (Units) By Component Type, 2022 & 2032

Figure 103: MEA Market Y-o-Y Growth Rate By Component Type, 2022 to 2032

Figure 104: MEA Market Value (US$ million) and Volume (Units) By Equipment Type, 2022 & 2032

Figure 105: MEA Market Y-o-Y Growth Rate By Equipment Type, 2022 to 2032

Figure 106: MEA Market Value (US$ million) and Volume (Units) By End Use, 2022 & 2032

Figure 107: MEA Market Y-o-Y Growth Rate By End Use, 2022 to 2032

Figure 108: MEA Market Value (US$ million) and Volume (Units) By Sales Channel, 2022 & 2032

Figure 109: MEA Market Y-o-Y Growth Rate By Sales Channel, 2022 to 2032

Figure 110: MEA Market Attractiveness Analysis by Country, 2022 to 2032

Figure 111: MEA Market Attractiveness Analysis By Component Type, 2022 to 2032

Figure 112: MEA Market Attractiveness Analysis By Equipment Type, 2022 to 2032

Figure 113: MEA Market Attractiveness Analysis By End Use, 2022 to 2032

Figure 114: MEA Market Attractiveness Analysis By Sales Channel, 2022 to 2032

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What is the global undercarriage components market size?

The global undercarriage components market will be valued at US$ 6,829.6 million in 2022.

How far is the global demand expected to reach over the forecasted period?

Worldwide demand for undercarriage components is anticipated to reach US$ 10,173.9 Million by 2032-end.

How did the market perform over the last few years?

During 2017 to 2021, sales of undercarriage components witness -2.1% CAGR owing to effect from COVID-19 pandemic

Which regional undercarriage components market accounts for a leading market share?

East Asia will top the global undercarriage components with 31.6% market share in 2022.

Which undercarriage component type will hold the highest market share in 2022?

Track Shoe/ Rubber Tracks component type of undercarriage components is predicted to account for 25.3% share of global sales in 2022.

Undercarriage Components Market

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