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.
Market Analysis and Insights: Global and United States Undercarriage Components Market
This report focuses on global and United States Undercarriage Components market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Undercarriage Components market size is estimated to be worth US$ 6034.6 million in 2022 and is forecast to a readjusted size of US$ 6482.3 million by 2028 with a CAGR of 1.2% during the review period. Fully considering the economic change by this health crisis, by Type, Track Chains accounting for % of the Undercarriage Components global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Construction was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global Undercarriage Components main providers include Topy Industry, Thyssenkrupp and XCMG, totally accounting for about 30% of the market. North America is the largest revenue market, with a share over 25%. 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.
Global Undercarriage Components Scope and Market Size
Undercarriage Components market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Undercarriage Components market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Undercarriage Components market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Track Chains
Track Roller or Carrier Roller
Track Shoes
Sprockets and Segments
Idlers and Tension Groups
Segment by Application
Construction
Mining
Agriculture & Forestry
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Thyssenkrupp
Komatsu
XCMG
Titan International
Caterpillar
Daechang Forging
Topy Industry
Shantui
John Deere
USCO
Hitachi Construction Machinery
Verhoeven Group
Taiheiyo Seiki
Hoe Leong
Valuepart