India Rubber Crawler Market By Equipment Type (Bulldozers, Excavators, Multi Terrain Loaders, Track Loaders, Backhoe Loaders, Skid Steer Loaders, Military Vehicles, Others), By Material (Natural Rubber, Synthetic Rubber), By Demand Category (OEM, Aftermarket), By Aftermarket (Genuine Products, Duplicated Products), By End Use (Construction & Mining, Agriculture, Military), By Region, Competition, Forecast & Opportunities, 2018-2028

Industry : Automotive
Pages : 119
Published Date : September, 2022

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Summary

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Report Description

India rubber crawler market is expected to grow from USD100.51 million in 2022 to USD142.14 million by 2028, registering a CAGR of 6.37% by 2028. India is heading toward rapid development in infrastructure activities, high production in agriculture and technological advancement in military vehicles through various government initiatives which involves increasing use of crawler vehicles for higher productivity and better control of vehicle on uneven surfaces results in increasing demand for rubber crawler across all regions and to drive the India rubber crawler market in the upcoming years.

India rubber crawler market is divided into eight segments based on equipment type such as bulldozers, excavators, multi terrain loaders, track loaders, backhoe loaders, skid steer loaders, military vehicles, and others. Excavator segment dominates in terms of market share and is leading the segment as it is widely used in construction & mining, agriculture, and military leading to a higher number of crawler vehicles sales in 2022. Military vehicles capture second largest share in equipment type segment. India Rubber Crawler Market by material is leading by natural rubber segment in terms of value market and is expected to grow in upcoming years. Aftermarket dominates the demand category segment as the fleet size of crawler vehicles in all vehicle types is expected to increase throughout forecasted period. Furthermore, aftermarket is divided into duplicate and genuine products. India rubber crawler market is further classified by end use into construction & mining, agriculture, military. Bridgestone with its strong brand reputation dominates in supplying rubber crawlers to OEM’s (Original Equipment Manufacturers).

Due to outbreak of COVID-19, there was disruption in supply chain and sudden halt in production of OEM equipment, which resulted in drop in sales of rubber crawlers in 2021. However, in 2022 demand for rubber crawler has shown recovery in sales volume.

Development Of Agrarian Economy

From government statistics, the agriculture sector in India contributes about 17% of India's GDP. The agriculture sector is expanding globally because of ongoing modernization and use of heavy equipment and vehicles in farming industry to increase productivity. Various types of vehicles including crawler vehicles are being introduced in agriculture which aids in overcoming the challenges accounting for higher productivity. The country's need for rubber crawlers is being significantly fueled by the growing use of agricultural equipment vehicles. The companies are improving lifespan of rubber crawler while being cost effective as well.

Flourishing Infrastructure Sector

The country is heading toward large-scale infrastructure development in all parts of India including the industrial sector, power supply, housing infrastructure, rail-road network and also, building strong military vehicles. The government has allocated USD20 billion under the budget for the construction of new national highways around the nation, mostly to improve rural connectivity for 2023. Subsequently, due to added advantage of rubber crawler over wheeled tires, there is a shift toward crawler vehicles, especially crawler excavators, in all industries. As a result, demand for rubber crawlers is estimated to grow during the forecast period.

Growing Demand for Rubber Crawlers from OEM’s

Construction & mining equipment manufacturers in India has high demand across the country. As a result, the rubber crawler market is seeing a surge in demand for OEM vehicles in Indian market. Original Equipment Manufacturers (OEM’s) are stepping up manufacturing to keep up with demand. Additionally, it raises the aftermarket demand for rubber crawlers, which is leading the demand category segment.

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Market Segmentation

The India rubber crawler market is segmented based on equipment type, material, demand category. It is further segmented by aftermarket, by end use, by region, and by company. On the basis of equipment type, the market is segmented into bulldozers, excavators, multi terrain loaders, track loaders, backhoe loaders, skid steer loaders, military vehicles, and others. Based on the material, it is segmented into natural rubber and synthetic rubber. Based on the demand category, it is segmented into OEM and aftermarket, which further segmented by aftermarket into genuine products and duplicated Products. On the basis of end use, it is segmented into construction & mining, agriculture, and military. India rubber crawler market also analyses region wise segmentation mainly into north, west, south, and east.

Company Profiles

Some of the major players which are leading in India rubber crawler market are Greenfield Agro Impex, Usco SpA, Bridgestone Engineered Products of Asia Sdn Bhd, Ace Ventura Tyres and Tracks, Trident International Pvt. Ltd., TVH India Pvt. Ltd., Camso Inc., VMT International, SD Technologies Pvt. Ltd., Balkrishna Industries Limited (BKT). Many dealers and distributors are increasing competition in market with their products. These players are investing in research and development, innovation in tread design to provide a wide range of products for all kind of vehicles.

Attribute	Details
Market Size Value in 2022	USD100.51 million
Revenue Forecast in 2028	USD142.14 million
Growth Rate	6.37%
Base Year	2022
Historical Years	2018 –2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD million and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Equipment Type · Material · Demand Category · End Use · Region · Company
Country Scope	· North, West, South, East
Key Companies Profiled	Greenfield Agro Impex, Usco SpA, Bridgestone Engineered Products of Asia Sdn Bhd, Ace Ventura Tyres and Tracks, Trident International Pvt. Ltd., TVH India Pvt. Ltd., Camso Inc., VMT International, SD Technologies Pvt. Ltd., Balkrishna Industries Limited (BKT)
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, India rubber crawler market has been segmented into following categories. In addition to the industry trends which have also been detailed below:

India Rubber Crawler Market, By Equipment Type:

Excavators
Skid Steer Loaders
Military Vehicles
Bulldozers
Backhoe Loaders
Track Loaders
Multi Terrain Loaders
Others

India Rubber Crawler Market, By Material:

Natural Rubber
Synthetic Rubber

India Rubber Crawler Market, By Demand Category:

Aftermarket

Duplicated Products
Genuine Products

India Rubber Crawler Market, By End Use:

Construction & Mining
Military
Agriculture

India Rubber Crawler Market, By Region:

North
West
South
East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India rubber crawler market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors Influencing Decision Making

4.2. Aided/Unaided Brand Recall

4.3. Brand Satisfaction Level

5. India Rubber Crawler Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Equipment Type (Bulldozers, Excavators, Multi Terrain Loaders, Track Loaders, Backhoe Loaders, Skid Steer Loaders, Military Vehicles, Others)

5.2.2. By Material (Natural Rubber, Synthetic Rubber)

5.2.3. By Demand Category (OEM, Aftermarket)

5.2.3.1. By Aftermarket (Genuine Products, Duplicated Products)

5.2.4. By End Use (Construction & Mining, Agriculture, Military)

5.2.5. By Region

5.2.6. By Company (2022)

5.3. Market Map (By Equipment Type, By Material, By Demand Category, By End Use, By Region)

6. India Excavator Rubber Crawler Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Material

6.2.2. By Demand Category

6.2.3. By End Use

7. India Skid Steer Loader Rubber Crawler Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Material

7.2.2. By Demand Category

7.2.3. By End Use

8. India Military Vehicle Rubber Crawler Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Material

8.2.2. By Demand Category

8.2.3. By End Use

9. India Bulldozer Rubber Crawler Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Material

9.2.2. By Demand Category

9.2.3. By End Use

10. India Backhoe Loader Rubber Crawler Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Material

10.2.2. By Demand Category

10.2.3. By End Use

11. India Track Loader Rubber Crawler Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Material

11.2.2. By Demand Category

11.2.3. By End Use

12. India Multi Terrain Loader Rubber Crawler Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value & Volume

12.2. Market Share & Forecast

12.2.1. By Material

12.2.2. By Demand Category

12.2.3. By End Use

13. Product Benchmarking and Pricing Analysis of Top 10 Brands of Rubber Crawlers in India

14. List of Leading Dealers and Distributors of Rubber Crawler in India

15. Domestic Manufacturing Scenario of Rubber Crawler in India (Present and Future)

16. Combine Harvesters Production Overview

16.1. Market Size & Forecast

16.2. Production Volume & Forecast

16.3. Benchmarking of Production Facility (Timeframe, Location and Plant Size)

16.4. OEM wise Suppliers of Rubber Crawler

17. Perception of End-Users (Farmers) and Dealers on Suggested Retail Price versus Durability Benchmarks

18. Impact of COVID-19 on India Rubber Crawler Market

19. Market Dynamics

19.1. Drivers

19.2. Challenges

20. Market Trends and Developments

21. Policy & Regulatory Landscape

22. India Economic Profile

23. Competitive Landscape

23.1. Greenfield Agro Impex

23.2. USCO SpA

23.3. Bridgestone Engineered Products of Asia Sdn Bhd

23.4. Ace Ventura Tyres and Track

23.5. Trident International Pvt. Ltd.

23.6. TVH India Pvt. Ltd.

23.7. Camso Inc.

23.8. VMT International

23.9. SD Technologies Pvt. Ltd.

23.10. Balkrishna Industries Limited (BKT)

24. Strategic Recommendations

25. About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: India Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 2: India Rubber Crawler Market Share, By Equipment Type, By Volume, 2018-2028F

Figure 3: India Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 4: India Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 5: India Rubber Crawler Aftermarket Share, By Product Type, By Volume, 2018-2028F

Figure 6: India Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 7: India Rubber Crawler Market Share, By Region, By Volume, 2018-2028F

Figure 8: India Rubber Crawler Market Share, By Company, By Value, 2022

Figure 9: India Rubber Crawler Market Map, By Equipment Type, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 10: India Rubber Crawler Market Map, By Material, Market Size (USD Million) & Growth Rate (%), 2022

Figure 11: India Rubber Crawler Market Map, By Demand Category, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 12: India Rubber Crawler Market Map, By End Use, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 13: India Rubber Crawler Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 14: India Excavator Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 15: India Excavator Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 16: India Excavator Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 17: India Excavator Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 18: India Skid Steer Loaders Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 19: India Skid Steer Loader Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 20: India Skid Steer Loader Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 21: India Skid Steer Loader Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 22: India Military Vehicles Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 23: India Military Vehicles Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 24: India Military Vehicles Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 25: India Military Vehicles Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 26: India Bulldozer Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 27: India Bulldozer Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 28: India Bulldozer Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 29: India Bulldozer Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 30: India Backhoe Loader Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 31: India Backhoe Loader Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 32: India Backhoe Loader Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 33: India Backhoe Loader Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 34: India Track Loader Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 35: India Track Loaders Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 36: India Track Loader Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 37: India Track Loader Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

Figure 38: India Multi Terrain Loader Rubber Crawler Market Size, By Value (USD Million) and Volume (Thousand Units), 2018-2028F

Figure 39: India Multi Terrain Loaders Rubber Crawler Market Share, By Material, By Value, 2018-2028F

Figure 40: India Multi Terrain Loaders Rubber Crawler Market Share, By Demand Category, By Volume, 2018-2028F

Figure 41: India Multi Terrain Loaders Rubber Crawler Market Share, By End Use, By Volume, 2018-2028F

List of Tables

Table 1: Product Benchmarking and Pricing Analysis of Top Brands of Rubber Crawlers in India, 2022

Table 2: List of Exclusive Dealers and Distributors of Rubber Crawler in India, 2022

Table 3: List of Other Dealers and Distributors of Rubber Crawler in India, 2022

Table 4: Benchmarking of Production Facility (Location and Plant Size), 2022

Table 5: OEM Wise Suppliers of Rubber Crawler, 2022

Frequently asked questions

Which equipment type segment contributes majorly to the India rubber crawler market?

In India rubber crawler market, excavator equipment type contributes majorly to the market. The use of crawler excavator in construction & mining, agriculture, military is increasing due to usability of rubber crawler in rough and uneven surface which increases productivity.

What will be the market size of India rubber crawler market in 2028?

India rubber crawler market is estimated to reach USD142.14 million by 2028, at a CAGR of more than 6%, owing to increasing use of rubber crawlers in vehicles.

Who are the top players in India rubber crawler market?

The top players in the India rubber crawler market include Trident International Pvt Ltd., Bridgestone Engineered Products of Asia Sdn Bhd, Ace Ventura Tyres and Tracks. They combine to contribute nearly 16% of total India rubber crawler market in 2022.

Which region is the fastest growing in India rubber crawler market?

Due to a large number of developmental projects in construction and mining, agriculture and military activities, North India contributes more compared to other regions. The region is forecast to grow at a CAGR of 6.50% during the forecast period.

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Srishti Verma

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Press Release

India Rubber Crawler Market to Reach USD142 Million by 2028

Aug, 2022

Increasing shift toward crawler vehicles in construction & mining, agriculture, and military to drive the rubber crawler market during the forecast period.