The military sector has experienced a rise in the adoption of unmanned military vehicles over the years. This includes adopting unmanned main battle tanks, unmanned armored personnel carriers, and unmanned armored fighting vehicles. The rising investment by companies in integrating rubber tracks on unmanned vehicles is expected to contribute to the market's growth. For instance, Armtrac Ltd incorporated heavy-duty rubber tracks in its Armtrac 20T C-IED Robot, which is a remote unmanned ground vehicle (UGV). Rubber tracks enable the vehicle to produce ground bearing pressure of less than 5 pounds per square inch (PSI), which can be fitted in wider tracks for applications across soft terrain. Further, in October 2021, General Dynamics Land Systems demonstrated a version of its unmanned vehicles with lightweight metallic and rubber tracks. In the demonstration, the rubber tracks offered various advantages such as performance, maintenance, and logistics over traditional metallic tracks. Thus, constant investments by unmanned military vehicle manufacturers on rubber tracks are expected to contribute to the market's growth over the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA military rubber tracks market. The MEA military rubber tracks market is expected to grow at a good CAGR during the forecast period.
MEA Military Rubber Tracks Market Segmentation
The MEA military rubber tracks market is segmented based on type, end use, and country. Based on type, the MEA military rubber tracks market is segmented into rubber pin track and rubber band track. The rubber pin track segment dominated the MEA military rubber tracks market in 2020. The rubber band track segment is expected to be the fastest-growing segment during the forecast period. Based on end use, the MEA military rubber tracks market is segmented into main battle tank, IFV/AIFV, APC, and others. The APC segment dominated the MEA military rubber tracks market in 2020. The IFV/AIFV segment is expected to be the fastest-growing segment during the forecast period. Based on country, the MEA military rubber tracks market has been segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA.
Astrak UK Limited, DST Defence Service Tracks GmbH, GMT Rubber-Metal-Technic Ltd, LS MTRON LTD, and Ocean Rubber Factory LLC are among the leading companies in the MEA military rubber tracks market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 13.33 Million |
| Market Size by 2028 | US$ 19.37 Million |
| CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Military Rubber Tracks Market is valued at US$ 13.33 Million in 2021, it is projected to reach US$ 19.37 Million by 2028.
As per our report Middle East & Africa Military Rubber Tracks Market, the market size is valued at US$ 13.33 Million in 2021, projecting it to reach US$ 19.37 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The Middle East & Africa Military Rubber Tracks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Military Rubber Tracks Market report:
The Middle East & Africa Military Rubber Tracks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the Middle East & Africa Military Rubber Tracks Market value chain can benefit from the information contained in a comprehensive market report.
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