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PUBLISHER: Allied Market Research | PRODUCT CODE: 1566831

PUBLISHER: Allied Market Research | PRODUCT CODE: 1566831

Undercarriage Component Market By Component (Track Rollers, Career Rollers, Track Chains) , By Equipment (Crawler Excavators, Mini Excavators, Others) By End User (Construction, Mining) : Global Opportunity Analysis and Industry Forecast, 2024-2032

PUBLISHED: July 10, 2024

PAGES: 245 Pages

DELIVERY TIME: 2-3 business days

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Description

Undercarriage Component Market

The undercarriage component market was valued at $7.2 billion in 2023 and is projected to reach $10.8 billion by 2032, growing at a CAGR of 4.5% from 2024 to 2032.

An undercarriage component is a part of the heavy machinery that supports and pushes the vehicle when it is moving over the ground. Excavators, bulldozers, and track loaders are the typical construction equipment consisting of undercarriage components. The components are crucial for the provision of stability, traction, and maneuverability to the machine, particularly in uneven terrains.

Constant increase in infrastructure development activities, including railways, roads, and bridges, is a key driver of the undercarriage component market. In addition, surge in the popularity of e-commerce platforms has boosted the sales for undercarriage components and aftermarket services, hence augmenting the development of the market. Technological breakthroughs are a current trend in the market as the development of smart undercarriage components is acquiring traction. The deployment of sensors, smart tracking systems, telematics, and predictive maintenance is transforming the functioning of the undercarriage components and enabling effective management of construction equipment in challenging work environments.

However, these components require constant maintenance and replacement, which adds up to their costs, thereby restraining the development of the market. In addition, damage of the components poses substantial concerns pertaining to equipment safety, hence hampering the market growth. On the contrary, the implementation of favorable policies by the government is presenting novel growth opportunities for the undercarriage component market. For instance, the Indian government offers tax benefits under section 80IA to the businesses associated with infrastructure development, encompassing the undercarriage component market.

Segment Review

The undercarriage component market is segmented into component, equipment, end user, and region. On the basis of component, the market is divided into track rollers, career rollers, and track chains. Depending on equipment, it is classified into crawler excavators, mini excavators, and others. As per end user, it is bifurcated into construction and mining. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of component, the track rollers segment held the highest market share in 2023.

Depending on equipment, the crawler excavators segment accounted for a high market share in 2023.

As per end user, the construction segment acquired a high stake at the market in 2023

Based on region, Asia-Pacific was the highest revenue generator in 2023.

Competition Analysis

The major players operating in the global undercarriage component market include Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, John Deere, Liebherr Group, CNH Industrial N.V. (Case Construction Equipment), Doosan Group (Doosan Infracore), Hyundai Construction Equipment Co., Ltd., and JCB (J.C. Bamford Excavators Ltd.). These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.

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Technology Trend Analysis
Go To Market Strategy
Market share analysis of players by products/segments
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Component

Track Rollers
Career Rollers
Track Chains

By Equipment

Crawler Excavators
Mini Excavators
Others

By End User

Construction
Mining

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Colombia
- Rest of Latin America
Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa

Key Market Players:

Caterpillar Inc.
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
Volvo Construction Equipment
John Deere
Liebherr Group
CNH Industrial N.V. (Case Construction Equipment)
Doosan Group (Doosan Infracore)
Hyundai Construction Equipment Co., Ltd.
JCB (J.C. Bamford Excavators Ltd.)

Product Code: A53635

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: UNDERCARRIAGE COMPONENT MARKET, BY COMPONENT

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Component
4.2. Track Rollers
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Career Rollers
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Track Chains
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: UNDERCARRIAGE COMPONENT MARKET, BY EQUIPMENT

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Equipment
5.2. Crawler Excavators
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Mini Excavators
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Others
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country

CHAPTER 6: UNDERCARRIAGE COMPONENT MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Construction
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Mining
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country

CHAPTER 7: UNDERCARRIAGE COMPONENT MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Component
- 7.2.3. Market Size and Forecast, By Equipment
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Undercarriage Component Market
  - 7.2.6.1. Market Size and Forecast, By Component
  - 7.2.6.2. Market Size and Forecast, By Equipment
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada Undercarriage Component Market
  - 7.2.7.1. Market Size and Forecast, By Component
  - 7.2.7.2. Market Size and Forecast, By Equipment
  - 7.2.7.3. Market Size and Forecast, By End User
- 7.2.8. Mexico Undercarriage Component Market
  - 7.2.8.1. Market Size and Forecast, By Component
  - 7.2.8.2. Market Size and Forecast, By Equipment
  - 7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Component
- 7.3.3. Market Size and Forecast, By Equipment
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Undercarriage Component Market
  - 7.3.6.1. Market Size and Forecast, By Component
  - 7.3.6.2. Market Size and Forecast, By Equipment
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany Undercarriage Component Market
  - 7.3.7.1. Market Size and Forecast, By Component
  - 7.3.7.2. Market Size and Forecast, By Equipment
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. Italy Undercarriage Component Market
  - 7.3.8.1. Market Size and Forecast, By Component
  - 7.3.8.2. Market Size and Forecast, By Equipment
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. UK Undercarriage Component Market
  - 7.3.9.1. Market Size and Forecast, By Component
  - 7.3.9.2. Market Size and Forecast, By Equipment
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. Rest of Europe Undercarriage Component Market
  - 7.3.10.1. Market Size and Forecast, By Component
  - 7.3.10.2. Market Size and Forecast, By Equipment
  - 7.3.10.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Component
- 7.4.3. Market Size and Forecast, By Equipment
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Undercarriage Component Market
  - 7.4.6.1. Market Size and Forecast, By Component
  - 7.4.6.2. Market Size and Forecast, By Equipment
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan Undercarriage Component Market
  - 7.4.7.1. Market Size and Forecast, By Component
  - 7.4.7.2. Market Size and Forecast, By Equipment
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India Undercarriage Component Market
  - 7.4.8.1. Market Size and Forecast, By Component
  - 7.4.8.2. Market Size and Forecast, By Equipment
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea Undercarriage Component Market
  - 7.4.9.1. Market Size and Forecast, By Component
  - 7.4.9.2. Market Size and Forecast, By Equipment
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Rest of Asia-Pacific Undercarriage Component Market
  - 7.4.10.1. Market Size and Forecast, By Component
  - 7.4.10.2. Market Size and Forecast, By Equipment
  - 7.4.10.3. Market Size and Forecast, By End User
7.5. Latin America
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Component
- 7.5.3. Market Size and Forecast, By Equipment
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Undercarriage Component Market
  - 7.5.6.1. Market Size and Forecast, By Component
  - 7.5.6.2. Market Size and Forecast, By Equipment
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. Argentina Undercarriage Component Market
  - 7.5.7.1. Market Size and Forecast, By Component
  - 7.5.7.2. Market Size and Forecast, By Equipment
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. Colombia Undercarriage Component Market
  - 7.5.8.1. Market Size and Forecast, By Component
  - 7.5.8.2. Market Size and Forecast, By Equipment
  - 7.5.8.3. Market Size and Forecast, By End User
- 7.5.9. REST of Latin America Undercarriage Component Market
  - 7.5.9.1. Market Size and Forecast, By Component
  - 7.5.9.2. Market Size and Forecast, By Equipment
  - 7.5.9.3. Market Size and Forecast, By End User
7.6. Middle East And Africa
- 7.6.1. Key Market Trends and Opportunities
- 7.6.2. Market Size and Forecast, By Component
- 7.6.3. Market Size and Forecast, By Equipment
- 7.6.4. Market Size and Forecast, By End User
- 7.6.5. Market Size and Forecast, By Country
- 7.6.6. South Africa Undercarriage Component Market
  - 7.6.6.1. Market Size and Forecast, By Component
  - 7.6.6.2. Market Size and Forecast, By Equipment
  - 7.6.6.3. Market Size and Forecast, By End User
- 7.6.7. Saudi Arabia Undercarriage Component Market
  - 7.6.7.1. Market Size and Forecast, By Component
  - 7.6.7.2. Market Size and Forecast, By Equipment
  - 7.6.7.3. Market Size and Forecast, By End User
- 7.6.8. UAE Undercarriage Component Market
  - 7.6.8.1. Market Size and Forecast, By Component
  - 7.6.8.2. Market Size and Forecast, By Equipment
  - 7.6.8.3. Market Size and Forecast, By End User
- 7.6.9. Rest of Middle East And Africa Undercarriage Component Market
  - 7.6.9.1. Market Size and Forecast, By Component
  - 7.6.9.2. Market Size and Forecast, By Equipment
  - 7.6.9.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Caterpillar Inc.
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Komatsu Ltd.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Hitachi Construction Machinery Co., Ltd.
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Volvo Construction Equipment
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. John Deere
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Liebherr Group
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. CNH Industrial N.V. (Case Construction Equipment)
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Doosan Group (Doosan Infracore)
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Hyundai Construction Equipment Co., Ltd.
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. JCB (J.C. Bamford Excavators Ltd.)
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments