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Rubber Track for Defense and Security Market Outlook from 2023 to 2033

The global rubber track for defense and security market size reached US$ 125.9 million in 2022. Over the forecast period, global rubber track for defense and security demand is anticipated to rise at a 5.8% CAGR. Total market value is predicted to increase from US$ 131.9 million in 2023 to US$ 232.1 million in 2033.

Demand in the global market is projected to remain high for rubber band tracks, owing to their advantages such as cost effectiveness and durability. As per the latest rubber track for defense and security industry analysis, the target segment is set to thrive at a 6.7% CAGR during the assessment period.

Attributes Key Insights
Base Market Value (2022) US$ 125.9 million
Estimated Market Size (2023) US$ 131.9 million
Projected Rubber Track for Defense and Security Market Revenue (2033) US$ 232.1 million
Value-based CAGR (2023 to 2033) 5.8%
Collective Value Share: Top 5 Countries (2023E) 41.7%

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Key Rubber Track for Defense and Security Market Highlights

  • Market to Expand Nearly 1.8X through 2033

The global rubber track for defense and security market is forecast to expand 1.8X through 2033, amid a 4.2% increase in anticipated CAGR compared to the historical one. This is due to the escalating demand for advanced military technologies.

Global sales of rubber tracks for defense and security will also rise due to:

  • Escalating popularity of military rubber tracks due to their low cost, superior traction, reduced vibration, and lightweight features
  • Growing adoption of military modernization initiatives
  • Riding focus on lightweight and durable track systems
  • Surging demand for lightweight and versatile armored tracked vehicles globally
  • Rise in geopolitical tensions
  • Shifting preference for composite rubber tracks (CRT)
  • Reduction in rubber track for defense and security prices

Rubber Track for Defense and Security Market Trends

  • Development of high-performance rubber tracks for military tanks and other vehicles
  • Increasing usage of rubber tracks for diverse applications, ranging from armored vehicles to unmanned ground vehicles (UGVs).
  • Surging popularity of robot and drone tracks

North America to Remain the Hotbed for Rubber Track Manufacturers

As per the latest analysis, North America is expected to retain its dominance in the global rubber track for defense and security market during the forecast period. It is set to hold around 31.7% of the global market share in 2033. This is attributed to the following factors:

  • Robust Defense Sector: North America boasts a formidable defense sector, particularly in the United States, which maintains one of the leading defense budgets globally. The consistent increase in defense spending, exemplified by the fiscal year 2022 budget of US$ 722 billion, provides a substantial market for manufacturers of rubber tracks for defense and security.
  • Technological Advancements and Innovation: The region strongly emphasizes technological advancements and military modernization initiatives. This focus creates a demand for cutting-edge defense technologies, including advanced rubber tracks. Manufacturers in North America benefit from a conducive environment for research and development, allowing them to produce high-performance rubber tracks that align with the evolving needs of the military.
  • Geopolitical Landscape and Security Imperatives: North America's geopolitical landscape, characterized by security concerns and a need for military preparedness, contributes to a continuous demand for reliable defense equipment. Rubber tracks play a vital role in various military vehicles, and the region's commitment to security reinforces its position as a hotbed for the production of these critical components for defense and security applications. This is expected to uplift rubber tracks for defense and security demand in the region through 2033.

Usage of Rubber Tracks Remains in Armored Personnel Carriers (APCs)

As per the report, the armored personnel carrier (APC) segment is expected to dominate the global rubber track for defense and security market with a volume share of about 39.3% in 2023. This is attributable to the rising demand for versatile and maneuverable military vehicles, especially in diverse terrains, and the growing focus on modernizing armed forces globally.

The unique capabilities of APCs, equipped with rubber tracks, make them indispensable for tactical operations, ensuring a significant market share. These vehicles are designed for tactical versatility, capable of transporting infantry safely in various combat scenarios.

The integration of rubber tracks enhances the adaptability of APCs to diverse terrains, including urban landscapes, deserts, and challenging off-road environments. This versatility ensures that APCs can effectively support a wide range of military operations, making them indispensable assets for modern armed forces.

Unlike traditional steel tracks, rubber tracks reduce ground pressure, minimizing the environmental impact and enabling APCs to traverse landscapes where wheeled vehicles might struggle. This increased mobility is crucial for quick response and effective deployment in dynamic and unpredictable combat scenarios.

Recons, on the other hand, are anticipated to create lucrative revenue generation opportunities for rubber track manufacturers. The target segment is expected to thrive with a robust CAGR of 8.7% CAGR during the forecast period.

The versatility and agility provided by rubber tracks make recon vehicles well-suited for navigating diverse terrains quietly and effectively. The reduced vibration and noise levels associated with rubber tracks enhance the stealth and reconnaissance capabilities of these vehicles.

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Nikhil Kaitwade

Principal Consultant

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Rubber Track for Defense and Security Market Overview

Rubber tracks for defense and security are gaining traction due to their unparalleled advantages, including enhanced mobility, reduced vehicle weight, improved fuel efficiency, and heightened survivability. These tracks, with superior performance and durability, are becoming indispensable in modern military applications worldwide.

Several factors propel the global demand for rubber tracks in defense and security applications. One primary driver is the weight reduction achieved by replacing traditional steel tracks with advanced composite rubber tracks (CRTs). This weight reduction increases mobility, fuel efficiency, and extended vehicle range. For example, a 39-ton CV90 vehicle can save nearly 1.3 tons by adopting Soucy's rubber tracks.

Rubber tracks offer enhanced performance characteristics, making them indispensable in military operations. The reduction in vibration levels by up to 70% not only improves crew comfort but also minimizes wear and tear on electronic components and ammunition.

The significant decrease in noise levels, up to 13dB, enhances crew safety, mechanical condition awareness, and overall vehicle stealthiness. Further, rubber tracks exhibit lower rolling resistance at higher speeds, resulting in reduced wear on the engine, transmission and final drives.

The survivability of military vehicles equipped with rubber tracks is notably improved. They can withstand mine blasts, offering protection against anti-personnel mines, and in case of separation, a rubber track repair kit is available.

The durability and lower maintenance requirements of rubber tracks contribute to cost reductions of 25% over traditional steel tracks. The reduced need for maintenance results in 53 fewer hours of maintenance per 1,000 miles traveled.

Rubber tracks have gained widespread acceptance, with top military forces from the United States, Russia, and China incorporating them into their armored vehicles. Surging demand for advanced military and defense vehicles globally is expected to fuel sales of rubber tracks for defense and security.

The continual refinement of rubber track design and materials is pivotal in ensuring optimal traction and maneuverability across diverse operational landscapes. The adaptability to various terrains remains a linchpin for the success of rubber tracks in military and security applications.

Historical Rubber Track for Defense and Security Market Vs. 2023 to 2033

Global sales of rubber tracks for defense and security grew at a CAGR of 1.6% between 2018 and 2022. Total market revenue reached about US$ 125.9 million in 2022. In the forecast period, the worldwide rubber track for defense and security industry is set to thrive at a CAGR of 5.8%.

Historical CAGR (2018 to 2022) 1.6%
Forecast CAGR (2023 to 2033) 5.8%

The global rubber track for defense and security market witnessed moderate growth between 2018 and 2022. This was due to increased demand for advanced composite rubber track (CRT) technology, driven by a surge in military vehicle weight reduction initiatives.

The demand was further fueled by the rising adoption of rubber tracks in heavy military vehicles. The versatility of rubber tracks in various terrains and advancements in composite materials and track technology positioned them as a vital component in modernizing defense and security fleets globally.

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Future Scope of the Rubber Track for Defense and Security Market

Over the forecast period, the global rubber track for defense and security market is poised to exhibit healthy growth, totaling a valuation of US$ 232.1 million by 2033. The adoption of rubber tracks has become pivotal in enhancing mobility, reducing ground pressure, and ensuring optimal performance across diverse terrains.

Growing focus on modernization initiatives within defense forces is propelling the demand for advanced track technologies. As military strategists prioritize maneuverability and agility in their fleets, rubber tracks emerge as a key component, ensuring optimal performance and operational capabilities for defense & security applications globally.

One noteworthy development in the market is the increasing use of advanced composite materials in manufacturing vehicle tracks. The pursuit of enhanced performance, durability, and reduced maintenance requirements drives this strategic shift.

Advanced composites offer a unique combination of strength, lightness, and resistance to environmental factors, making them ideal for military applications. Hence, growing popularity of these novel solutions will foster market growth.

Key Market Dynamics

  • Increasing Foreign Intrusions to Propel Demand Globally

Defense vehicles are commonplace in international border security. They make several tasks, such as unloading, loading & transportation of personnel and armaments, easy at the borders. Growing investment in defense budget/spending is expected to be one of the most significant drivers for military vehicles, which in turn will spur the demand for rubber tracks.

The defense industry is estimated to grow rapidly during the forecast period. This is due to rising border conflicts in several countries such as China and Japan (Senkaku islands & Diaoy islands), India and Pakistan (parts of Jammu and Kashmir), and Israelis and Palestinians (Golan Heights, Gaza Strip, and West Bank) to name a few. Driven by this, demand for rubber tracks is set to rise significantly.

  • Improved Technology and Automation to Support Efficient Military Vehicles

The market competition is becoming healthier, and this is positively influencing the defense vehicle industry. The growth of technology and automation in the manufacturing and supply of military vehicles has further increased their attractiveness among end users.

Prominent market players are trying to develop strong and long-lasting chassis and rubber pads for vehicles that can be used efficiently. These new solutions can sustain load depending on the object to be moved and transported.

The introduction of rubber pads on all wheels of a defense vehicle offers the driver better control on uneven terrains. An additional benefit is that track pads are less prone to slipping as than conventional stainless-steel tracks.

  • Modernization Initiatives and Military Upgrades Fostering Market Growth

Modernizing armored fleets involves the integration of advanced technologies, with a specific focus on enhancing the performance and capabilities of military vehicles. Rubber track systems, exemplified by the shift from traditional steel tracks to composite rubber tracks, play a central role in this paradigm shift.

The incorporation of innovative track technologies allows for increased operational efficiency, adaptability to diverse terrains, and heightened agility during critical missions. Increasing fleet modernization initiatives globally is expected to foster growth of the rubber track for defense and security market.

The modernization drive encompasses a spectrum of armored vehicles, ranging from Infantry Fighting Vehicles (IFVs) to Main Battle Tanks (MBTs). As seen in programs such as the Dutch CV90 upgrade, where composite rubber tracks are employed, the market responds to the evolving needs of military modernization.

  • Enhanced Operational Effectiveness and Adaptability

The technological shift from steel to composite rubber tracks not only reduces the vehicle's weight but also offers other advantages. The improved mobility and agility stemming from the weight reduction are crucial in contemporary warfare scenarios that demand rapid deployment and maneuverability.

Top companies are introducing novel composite rubber track solutions with enhanced features. For instance, new composite rubber tracks developed by Soucy International and BAE Systems Hägglunds together enhance terrain adaptability and traction.

The weight savings achieved through composite rubber tracks translate into cost efficiencies, improving fuel efficiency and reducing operational costs over the vehicle's lifespan. The reduced weight also opens up possibilities for increased payload flexibility, allowing for the integration of future systems, technologies, and equipment.

Key Factors Restraining the Rubber Track for Defense and Security Market

  • High Initial and Maintenance Costs Compel End-users to Look for Alternatives

Attributing to the rise in maintenance as well as initial costs, there has been a substitution effect, which influences end users to look for better substitutes for their vehicles instead of making an outright purchase. According to military experts, the work life of a rubber trackpad shoe is theoretically 2000 miles, but practically, it needs replacement after every 500 to 700 miles.

The maintenance cost of system vehicles is relatively high, and maintenance must be done from time to time. Respective authorities in different countries mandate the periodical servicing of defense vehicles. Since the maintenance cost is relatively high, the market could face a growth constraint.

The market has few players. Thus, consumers' bargaining power is less, enabling players to provide higher quality products at effective prices. Moreover, the initial cost and maintenance cost of attachment mounts or the combined systems are relatively high. Thus, the cost of the machine can be a major deterrent to the growth of the market during the forecast period.

  • Lack of Trained Operators for Effective and Safe Operations

Lack of trained professionals to operate specific track systems may indirectly result in safety hazards and low production output. More than 8% of the total vehicle fleet’s rubber pads are replaced yearly, requiring trained workers for appropriate production work. This could inhibit the market growth to a certain extent.

The operator must be adequately trained and have prior experience in the effective operation of the track systems. Governing authorities are pushing engineering and construction companies to follow safety standards as a mandatory rule.

Comparative View of Adjacent Rubber Track for Defense and Security Markets

The following section provides key attributes of the industries related to the global rubber track for defense and security industry. These include the autonomous vehicle market and the vehicle electrification industry. Drivers and trends are thoroughly analyzed to find business opportunities in all these industries.

The vehicle electrification market is poised to expand more than the other two. This is attributable to the rising popularity of electric vehicles globally. Autonomous vehicle demand will also increase rapidly amid growing road safety concerns.

The rubber track for defense and security industry, on the other hand, is expected to witness slow growth compared to other two related markets. This growth will be fueled by the increasing adoption of advanced tracked military vehicles.

Rubber Track for Defense and Security Market Analysis:

Attributes Rubber Track for Defense and Security Industry Outlook
CAGR (2023 to 2033) 5.8%
Growth Factor Rising preference for rubber tracks due to their multiple advantages is expected to boost growth of the rubber track for defense and security market.
Key Trend Growing focus on improving crew comfort and mitigating fatigue during extended missions will likely encourage the adoption of rubber tracks.

Autonomous Vehicle Market Analysis:

Attributes Autonomous Vehicle Industry Outlook
CAGR (2023 to 2033) 8.7%
Growth Factor Increasing adoption of autonomous vehicles globally is expected to foster market growth.
Key Trend A notable trend in the market is the growing popularity of mobility-as-a-service platforms.

Vehicle Electrification Market:

Attributes Vehicle Electrification Industry
CAGR (2023 to 2033) 10.3%
Growth Factor Growing need for eco-friendly vehicles is expected to boost the vehicle electrification market.
Key Trend Surging popularity of hybrid vehicles will support market expansion through 2033.

Country-wise Insights

The table below highlights key countries’ rubber track for defense and security market revenues. The United States, Russia, and Germany are expected to remain the top three consumers of rubber tracks for defense and security, with expected valuations of US$ 62.2 million, US$ 22.4 million, and US$ 11.1 million, respectively, in 2033.

Countries Rubber Track for Defense and Security Market Revenue (2033)
United States US$ 62.2 million
Russia US$ 22.4 million
Germany US$ 11.1 million
China US$ 10.2 million
France US$ 8.1 million

The below table shows the estimated growth rates of the top countries. Balkan & Baltics, Kingdom of Saudi Arabia, and Japan are set to record higher CAGRs of 12.5%, 11.4%, and 10.4%, respectively, through 2033.

Countries Projected Rubber Track for Defense and Security Market CAGR (2023 to 2033)
Balkan & Baltics 12.5%
Kingdom of Saudi Arabia 11.4%
Japan 10.4%
South Korea 6.3%
United States 6.0%

Focus on Enhancing Mobility in Diverse Terrains Fueling the United States

The United States rubber track for defense and security market size is projected to reach US$ 62.2 million in 2033. Over the assessment period, demand for rubber tracks for defense and security in the United States is set to increase at a 6.0% CAGR.

Several factors are expected to drive growth in the United States rubber track for defense and security market. These include:

  • Rising military and defense spending
  • Surging popularity of rubber tracks due to their terrain adaptability
  • Increasing adoption of remotely operated vehicles (ROVs) and unmanned ground vehicles (UGVs)
  • Growing focus of the United States military on fleet modernization

The United States, with its military prowess, holds a fleet of 5,500 main battle tanks, reflecting a rich history of tank production that began post-World War I. As a global leader, the United States military capabilities extend beyond sheer tank numbers.

The United States Army has a tradition of employing cutting-edge technology and maintaining a modernized force. With a defense budget that reflects substantial investments in research, development, and defense infrastructure, the United States military remains at the forefront of innovation.

The United States defense sector's focus on modernization and innovation fuels the demand for cutting-edge track systems, including rubber tracks. These rubber tracks are known for their superior traction and durability, and their high adoption will directly boost market growth in the United States.

The evolving nature of military threats, including the demand for rapid deployment and versatility across diverse terrains, positions rubber tracks as a strategic asset. The United States military's emphasis on expeditionary capabilities, especially in urban and challenging environments, amplifies the significance of rubber tracks that offer reduced ground pressure and enhanced maneuverability.

The collaboration between defense agencies and leading manufacturers fosters the integration of state-of-the-art rubber track technologies. It ensures that the United States Armed Forces remain at the forefront of mobility, adaptability, and operational effectiveness in dynamic and evolving defense scenarios.

China to Create Ample Opportunities for Rubber Track Manufacturers

China’s military is epitomized by its substantial tank fleet, boasting an estimated 6,645 tanks and securing its position as one of the leading nations in armored capabilities. This formidable collection comprises a mix of third-generation, second-generation, and first-generation tanks, showcasing the country's commitment to maintaining a versatile and technologically diverse armored force.

The diverse topography across China, ranging from rugged terrains to urban landscapes, underscores the importance of versatile track systems. Rubber tracks, with their ability to reduce ground pressure and navigate challenging environments effectively, align with the country’s strategic defense requirements.

The emphasis on improving operational efficiency and reducing maintenance costs further positions rubber tracks as a preferred choice. As per the latest report, China rubber track for defense and security market value is poised to total US$ 10.2 million by 2033, exhibiting a CAGR of 5.1%.

High Adoption of Autonomous Military Technologies Fueling Sales in Russia

Russia’s rubber track for defense and security market is poised to exhibit a CAGR of 5.1% during the assessment period. It is expected to attain a market valuation of US$ 22.4 million by 2033.

Russia's military prowess is underscored by its possession of over 12,500 tanks, positioning it as the nation with the leading tank fleet globally. This formidable arsenal includes diverse tank models such as the cutting-edge T-14, T-80, T-55, and the iconic T-72.

Notably, Russia has demonstrated its commitment to maintaining a powerful armored force by actively deploying these tanks, especially in conflict zones like Ukraine. This is expected to elevate demand for rubber tracks for defense and security.

Russia is emphasizing modernizing its military forces as well as enhancing mobility. This is expected to position rubber tracks as a crucial component in armored vehicle design.

The Arctic regions, where conventional tracks face increased wear and tear, amplify the demand for tracks capable of withstanding extreme conditions. Rubber tracks, with their resistance to cold temperatures and reduced ground pressure, offer a strategic advantage in these challenging environments.

Russia's interest in unmanned and autonomous military technologies integrates seamlessly with the capabilities of rubber tracks. The rubber tracks’ stability, reduced vibration, and adaptability to various terrains contribute to the successful deployment of unmanned ground vehicles (UGVs) in diverse scenarios.

Category-wise Insights

The below section shows the rubber band track segment dominating based on product type. It is forecast to thrive at a 6.7% CAGR between 2023 and 2033. Based on vehicle payload, the 15 to 45 tons segment is anticipated to exhibit a CAGR of 5.2% during the forecast period.

Multiple Advantages of Rubber Band Tracks Propelling their Demand

Top Segment (Product Type) Rubber Band Track
Predicted CAGR (2023 to 2033) 6.7%

Based on product type, the global rubber track for defense and security market is segmented into rubber band track and rubber pin track. Among these, end users prefer rubber band tracks for their military vehicles. This is due to their several advantages, including durability, convenience, and low cost.

Rubber band tracks are renowned for their outstanding durability, providing a robust and long-lasting solution for military vehicles. The composite rubber technology employed, as exemplified by leaders like Soucy Defense, ensures a lifespan that can endure extensive use in diverse operational conditions.

The traction capabilities of rubber band tracks stand out as a critical factor driving their demand. These tracks offer superior grip and traction on different terrains, including challenging environments like mud, snow, and rocky surfaces. Enhanced traction is pivotal in military operations, enabling vehicles to navigate difficult terrains with stability and agility.

The combination of reduced rolling resistance, lower vehicle weight and improved durability results in notable fuel efficiency for military vehicles equipped with rubber band tracks. These tracks typically lead to reduced fuel consumption per kilometer, contributing to an extended operational range.

Rubber band tracks have demonstrated remarkable resilience in mine blast tests, with the ability to withstand anti-personnel mines, such as those containing 240g of TNT. In comparison to traditional steel tracks, which may separate and worsen mine effects, rubber band tracks offer a more protective solution.

As per the latest analysis, demand for rubber band tracks is forecast to surge at a CAGR of 6.7% during the assessment period. By 2033, the target segment is estimated to reach US$ 125.7 million.

15 to 45 Tons Vehicle Payload Segment Poised for Dominance

Top Segment (Vehicle Payload) 15 to 45 Tons
Projected CAGR (2023 to 2033) 5.2%

As per the latest rubber track for defense and security market analysis, the 15 to 45 tons segment is expected to retain its market dominance through 2033. It is projected to thrive at a 5.2% CAGR during the forecast period, totaling US$ 110.1 million by 2033.

Vehicles within the 15 to 45 ton payload range exhibit versatility, accommodating a spectrum of defense applications. Their adaptability makes them ideal for various military scenarios, from tactical operations to logistical support. This segment strikes a crucial balance by providing substantial payload capacity without compromising mobility.

Military operations often necessitate the transport of heavy equipment, and the 15 to 45 tons payload range addresses this need effectively. The weight distribution in this payload segment is strategically managed, contributing to improved stability and reduced ground pressure. This is critical for traversing rough terrains without compromising vehicle performance.

Competitive Landscape

The rubber track for defense and security market is a highly consolidated one. There are more than 12 to 15 manufacturers at the global level in rubber track for the defense and security industry. Soucy Holding Inc., GMT Rubber Metal Technic Ltd., LS Mtron Ltd., TGL SP Industries Ltd., Cauchos Puntes S.L, William Cook Holding Limited, Northern Plains Track (Camso Group), Martin’s Rubber Company Ltd., Mackay Consolidated Rubber Technology, COECA Sa, and Ocean Rubber Factory LLC are the leading manufacturers of rubber tracks for defense and security listed in the report.

As the rubber track for defense and security market is in growth stage, key players are constantly investing in research & development activities to introduce more efficient tracks and enhance their capabilities. Key players also emphasize promoting their products by providing free rubber band tracks to OEMs for demonstration and reducing the wear & tear of rubber band tracks.

Recent Developments in Rubber Track for Defense and Security Market:

  • In September 2021, Soucy Defense Division signed a Memorandum of Agreement with Horstman. This collaboration with Horstman, a specialized company within the RENK Group, aims to develop new-generation suspension systems tailored for composite rubber tracks.
  • In May 2021, Cook Defense Systems won £11 million contract extension with the United Kingdom Ministry of Defence (MOD). This contract extension covers a range of armored vehicles, including the Warrior infantry fighting vehicle, Bulldog troop carrier, Stormer air defense vehicle, CVR(T) reconnaissance vehicle, Terrier armored digger, and the Challenger 2, soon to be upgraded to the Challenger 3.
  • In February 2021, to manufacture and deliver prototype segmented composite rubber track systems for the United States GVSC (Army Ground Vehicle Systems Center), Soucy International's Defense received a new contract.

Rubber Track for Defense and Security Industry Research Scope

Attribute Details
Estimated Market Size (2023) US$ 131.9 million
Projected Market Size (2033) US$ 232.1 million
Anticipated Growth Rate (2023 to 2033) 5.8%
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Value (US$ million) and Volume (Units)
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered
  • Product Type
  • Vehicle Type
  • Vehicle Payload
  • Region
Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa
Key Countries Covered
  • United States
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • NORDICS
  • Poland
  • Hungary
  • Balkan and Baltics
  • Russia
  • India
  • Association of Southeast Asian Nations
  • Australia and New Zealand
  • China
  • Japan
  • South Korea
  • Kingdom of Saudi Arabia
  • Other GCC Countries
  • Türkiye
  • Other African Union
  • South Africa
Key Companies Profiled
  • Soucy Holding Inc.
  • GMT Rubber Metal Technic Ltd.
  • LS Mtron Ltd.
  • TGL SP Industries Ltd.
  • Cauchos Puntes S.L
  • William Cook Holding Limited
  • Northern Plains Track (Camso Group)
  • Martin’s Rubber Company Ltd.
  • Mackay Consolidated Rubber Technology
  • COECA SA
  • Ocean Rubber Factory LLC

Rubber Track for Defense and Security Market Segmentation

By Product Type:

  • Rubber Band Track
  • Rubber Pin Track
  • Single Pin Tracks
  • Double Pin Tracks

By Vehicle Type:

  • Tanks
  • APC
  • IFV/ AIFV
  • Recons
  • Others

By Vehicle Payload:

  • 8 to 12 Tons
  • 12 to 14 Tons
  • 15 45 Tons
  • Above 45 Tons

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

How big is the rubber track for defense and security market?

The global market value is estimated to reach US$ 131.9 million in 2023.

At what rate will the demand rise through 2033?

Global demand for rubber tracks for defense and security is set to rise at a 5.8% CAGR.

What is the expected market size in 2033?

The rubber track for defense and security market size is set to reach US$ 232.1 million in 2033.

Which vehicle type segment is expected to lead the market?

APC segment is expected to lead the market during the forecast period.

What are rubber tracks used for in defense sector?

Rubber tracks are widely used for in military vehicles and equipment.

Which is better rubber tracks or steel tracks?

Rubber tracks are considered ideal due to their multiple advantages.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Strategic Promotional Strategies

5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033

    5.1. Historical Market Volume (Units) Analysis, 2018 to 2022

    5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global Economic Outlook

        8.1.2. Global Real GDP Growth

        8.1.3. Manufacturing Value-Added

        8.1.4. Industry Value Added

        8.1.5. Global Urbanization Growth Rate (%), 2016–2025

        8.1.6. Global Population and Urbanization Overview

        8.1.7. Global Rubber Consumption

        8.1.8. Countries in Military Spending

        8.1.9. US Defense Budget Overview

        8.1.10. Other Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth forecast

        8.2.3. Manufacturing Industry forecast

        8.2.4. Global Urbanization Growth Outlook

        8.2.5. Business Climate

        8.2.6. Covid-19 Impact Assessment

        8.2.7. End-use Industry Growth Outlook

    8.3. Value Chain

        8.3.1. Product Manufacturers

        8.3.2. End Users

        8.3.3. Avg. Profitability Margins

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume Analysis By Product Type, 2018 to 2022

    9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Product Type, 2023 to 2033

        9.3.1. Rubber Band Track

        9.3.2. Rubber Pin Track

            9.3.2.1. Single Pin Track

            9.3.2.2. Double Pin Track

    9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ million) and Volume Analysis By Vehicle Type, 2018 to 2022

    10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Vehicle Type, 2023 to 2033

        10.3.1. Tanks

        10.3.2. APC

        10.3.3. IFV/ AIFV

        10.3.4. Recons

        10.3.5. Others

    10.4. Market Attractiveness Analysis By Vehicle Type

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Payload

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ million) and Volume Analysis By Vehicle Payload, 2018 to 2022

    11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Vehicle Payload, 2023 to 2033

        11.3.1. 8-12 Tons

        11.3.2. 12-14 Tons

        11.3.3. 15-45 Tons

        11.3.4. Above 45 Tons

    11.4. Market Attractiveness Analysis By Vehicle Payload

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022

    12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Western Europe

        12.3.4. Eastern Europe

        12.3.5. East Asia

        12.3.6. South Asia and Pacific

        12.3.7. Middle East and Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    13.1. Introduction

    13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        13.3.1. By Country

            13.3.1.1. United States

            13.3.1.2. Canada

            13.3.1.3. Mexico

        13.3.2. By Product Type

        13.3.3. By Vehicle Type

        13.3.4. By Vehicle Payload

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Product Type

        13.4.3. By Vehicle Type

        13.4.4. By Vehicle Payload

    13.5. Market Trends

14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        14.3.1. By Country

            14.3.1.1. Brazil

            14.3.1.2. Chile

            14.3.1.3. Rest of Latin America

        14.3.2. By Product Type

        14.3.3. By Vehicle Type

        14.3.4. By Vehicle Payload

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Product Type

        14.4.3. By Vehicle Type

        14.4.4. By Vehicle Payload

    14.5. Market Trends

15. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. Italy

            15.3.1.3. France

            15.3.1.4. United Kingdom

            15.3.1.5. Spain

            15.3.1.6. Benelux

            15.3.1.7. Nordics

            15.3.1.8. Rest of Western Europe

        15.3.2. By Product Type

        15.3.3. By Vehicle Type

        15.3.4. By Vehicle Payload

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Product Type

        15.4.3. By Vehicle Type

        15.4.4. By Vehicle Payload

    15.5. Market Trends

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        16.3.1. By Country

            16.3.1.1. Poland

            16.3.1.2. Hungary

            16.3.1.3. Russia

            16.3.1.4. Balkan & Baltics

            16.3.1.5. Rest of Eastern Europe

        16.3.2. By Product Type

        16.3.3. By Vehicle Type

        16.3.4. By Vehicle Payload

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Product Type

        16.4.3. By Vehicle Type

        16.4.4. By Vehicle Payload

    16.5. Market Trends

17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        17.3.1. By Country

            17.3.1.1. China

            17.3.1.2. Japan

            17.3.1.3. South Korea

        17.3.2. By Product Type

        17.3.3. By Vehicle Type

        17.3.4. By Vehicle Payload

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Product Type

        17.4.3. By Vehicle Type

        17.4.4. By Vehicle Payload

    17.5. Market Trends

18. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

    18.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    18.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        18.3.1. By Country

            18.3.1.1. India

            18.3.1.2. Association of Southeast Asian Nations

            18.3.1.3. Australia and New Zealand

            18.3.1.4. Rest of South Asia & Pacific

        18.3.2. By Product Type

        18.3.3. By Vehicle Type

        18.3.4. By Vehicle Payload

    18.4. Market Attractiveness Analysis

        18.4.1. By Country

        18.4.2. By Product Type

        18.4.3. By Vehicle Type

        18.4.4. By Vehicle Payload

    18.5. Market Trends

19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    19.1. Introduction

    19.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022

    19.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033

        19.3.1. By Country

            19.3.1.1. KSA

            19.3.1.2. Other GCC

            19.3.1.3. Turkiye

            19.3.1.4. South Africa

            19.3.1.5. Other African Union

            19.3.1.6. Rest of Middle East & Africa

        19.3.2. By Product Type

        19.3.3. By Vehicle Type

        19.3.4. By Vehicle Payload

    19.4. Market Attractiveness Analysis

        19.4.1. By Country

        19.4.2. By Product Type

        19.4.3. By Vehicle Type

        19.4.4. By Vehicle Payload

    19.5. Market Trends

20. Country-wise Market Analysis

    20.1. Introduction

        20.1.1. Market Value Proportion Analysis, By Key Countries

        20.1.2. Global Vs. Country Growth Comparison

    20.2. United States Market Analysis

        20.2.1. By Product Type

        20.2.2. By Vehicle Type

        20.2.3. By Vehicle Payload

    20.3. Canada Market Analysis

        20.3.1. By Product Type

        20.3.2. By Vehicle Type

        20.3.3. By Vehicle Payload

    20.4. Mexico Market Analysis

        20.4.1. By Product Type

        20.4.2. By Vehicle Type

        20.4.3. By Vehicle Payload

    20.5. Brazil Market Analysis

        20.5.1. By Product Type

        20.5.2. By Vehicle Type

        20.5.3. By Vehicle Payload

    20.6. Chile Market Analysis

        20.6.1. By Product Type

        20.6.2. By Vehicle Type

        20.6.3. By Vehicle Payload

    20.7. Germany Market Analysis

        20.7.1. By Product Type

        20.7.2. By Vehicle Type

        20.7.3. By Vehicle Payload

    20.8. Italy Market Analysis

        20.8.1. By Product Type

        20.8.2. By Vehicle Type

        20.8.3. By Vehicle Payload

    20.9. France Market Analysis

        20.9.1. By Product Type

        20.9.2. By Vehicle Type

        20.9.3. By Vehicle Payload

    20.10. United Kingdom Market Analysis

        20.10.1. By Product Type

        20.10.2. By Vehicle Type

        20.10.3. By Vehicle Payload

    20.11. Spain Market Analysis

        20.11.1. By Product Type

        20.11.2. By Vehicle Type

        20.11.3. By Vehicle Payload

    20.12. NORDICS Market Analysis

        20.12.1. By Product Type

        20.12.2. By Vehicle Type

        20.12.3. By Vehicle Payload

    20.13. Poland Market Analysis

        20.13.1. By Product Type

        20.13.2. By Vehicle Type

        20.13.3. By Vehicle Payload

    20.14. Hungary Market Analysis

        20.14.1. By Product Type

        20.14.2. By Vehicle Type

        20.14.3. By Vehicle Payload

    20.15. Russia Market Analysis

        20.15.1. By Product Type

        20.15.2. By Vehicle Type

        20.15.3. By Vehicle Payload

    20.16. China Market Analysis

        20.16.1. By Product Type

        20.16.2. By Vehicle Type

        20.16.3. By Vehicle Payload

    20.17. Japan Market Analysis

        20.17.1. By Product Type

        20.17.2. By Vehicle Type

        20.17.3. By Vehicle Payload

    20.18. S. Korea Market Analysis

        20.18.1. By Product Type

        20.18.2. By Vehicle Type

        20.18.3. By Vehicle Payload

    20.19. India Market Analysis

        20.19.1. By Product Type

        20.19.2. By Vehicle Type

        20.19.3. By Vehicle Payload

    20.20. Association of Southeast Asian Nations Market Analysis

        20.20.1. By Product Type

        20.20.2. By Vehicle Type

        20.20.3. By Vehicle Payload

    20.21. Australia and New Zealand Market Analysis

        20.21.1. By Product Type

        20.21.2. By Vehicle Type

        20.21.3. By Vehicle Payload

    20.22. Kingdom of Saudi Arabia Market Analysis

        20.22.1. By Product Type

        20.22.2. By Vehicle Type

        20.22.3. By Vehicle Payload

    20.23. Northern Africa Market Analysis

        20.23.1. By Product Type

        20.23.2. By Vehicle Type

        20.23.3. By Vehicle Payload

    20.24. Türkiye Market Analysis

        20.24.1. By Product Type

        20.24.2. By Vehicle Type

        20.24.3. By Vehicle Payload

    20.25. South Africa Market Analysis

        20.25.1. By Product Type

        20.25.2. By Vehicle Type

        20.25.3. By Vehicle Payload

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies

    21.2. Market Concentration

    21.3. Market Share Analysis of Top Players

    21.4. Production Capacity Analysis

    21.5. Market Presence Analysis

        21.5.1. By Vehicle Payload Footprint of Players

        21.5.2. By Regional Footprint of Players

        21.5.3. By Channel Footprint of Players

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Competition Benchmarking

    22.3. Competition Deep Dive

        22.3.1. Soucy Holding Inc.

            22.3.1.1. Overview

            22.3.1.2. Product Portfolio

            22.3.1.3. Profitability by Market Segments (Product Type/Vehicle Type/Vehicle Payload/Region)

            22.3.1.4. Sales Footprint

            22.3.1.5. Strategy Overview

        22.3.2. GMT Rubber Metal Technic Ltd.

        22.3.3. LS Mtron Ltd.

        22.3.4. TGL SP Industries Ltd.

        22.3.5. Cauchos Puntes S.L

        22.3.6. William Cook Holding Limited

        22.3.7. Northern Plains Track (Camso Group)

        22.3.8. Martin’s Rubber Company Ltd.

        22.3.9. Mackay Consolidated Rubber Technology

        22.3.10. COECA SA

        22.3.11. Ocean Rubber Factory LLC

23. Assumptions and Acronyms Used

24. Research Methodology

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