Middle East & Africa Military Rubber Tracks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Rubber Pin Track and Rubber Band Track) and End Use (Main Battle Tank, IFV/AIFV, APC, and Others)
The MEA military rubber tracks market is expected to grow from US$ 13.33 million in 2021 to US$ 19.37 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.
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 Revenue and Forecast to 2028 (US$ Million)
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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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Military Rubber Tracks Market Landscape
4.1 Market Overview
4.2 Porter’s Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Military Rubber Tracks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Composite Rubber Base Tracks
5.1.2 Escalating Military Expenditure
5.2 Market Restraints
5.2.1 Preference for Steel Tracks over Rubber Tracks
5.3 Market Opportunities
5.3.1 Increasing Procurement of Tracked Military Vehicle
5.4 Future Trends
5.4.1 Rising Adoption of Rubber Tracks Across Unmanned Military Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Military Rubber Tracks Market – MEA Analysis
6.1 Overview
6.2 MEA Military Rubber Tracks Market Forecast and Analysis
7. MEA Military Rubber Tracks Market Analysis – By Type
7.1 Overview
7.2 MEA Military Rubber Tracks Market, By Type (2020 and 2028)
7.3 Rubber Pin Track
7.3.1 Overview
7.3.2 Rubber Pin Track: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Rubber Band Track
7.4.1 Overview
7.4.2 Rubber Band Track: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Military Rubber Tracks Market Analysis – By End Use
8.1 Overview
8.2 MEA Military Rubber Tracks Market Breakdown, by End Use, 2020 and 2028
8.3 Main Battle Tank
8.3.1 Overview
8.3.2 Main Battle Tank: Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
8.4 IFV/AIFV
8.4.1 Overview
8.4.2 IFV/AIFV: Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
8.5 APC
8.5.1 Overview
8.5.2 APC: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Military Rubber Tracks Market – Country Analysis
9.1 Overview
9.1.1 MEA: Military Rubber Tracks Market, by Key Country
9.1.1.1 Saudi Arabia: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Saudi Arabia: Military Rubber Tracks Market, by Type
9.1.1.1.2 Saudi Arabia: Military Rubber Tracks Market, by End Use
9.1.1.2 South Africa: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 South Africa: Military Rubber Tracks Market, by Type
9.1.1.2.2 South Africa: Military Rubber Tracks Market, by End Use
9.1.1.3 UAE: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Military Rubber Tracks Market, by Type
9.1.1.3.2 UAE: Military Rubber Tracks Market, by End Use
9.1.1.4 Rest of MEA: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Military Rubber Tracks Market, by Type
9.1.1.4.2 Rest of MEA: Military Rubber Tracks Market, by End Use
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 Astrak UK Limited
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 DST Defence Service Tracks GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 GMT Rubber-Metal-Technic Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 LS MTRON LTD
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Ocean Rubber Factory LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. MEA Military Rubber Tracks Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Saudi Arabia: Military Rubber Tracks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Military Rubber Tracks Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Military Rubber Tracks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Military Rubber Tracks Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Military Rubber Tracks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Military Rubber Tracks Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Military Rubber Tracks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Military Rubber Tracks Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms
LIST OF FIGURES
Figure 1. MEA Military Rubber Tracks Market Segmentation
Figure 2. MEA Military Rubber Tracks Market Segmentation – By Country
Figure 3. MEA Military Rubber Tracks Market Overview
Figure 4. MEA Military Rubber Tracks Market, by Type
Figure 5. MEA Military Rubber Tracks Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. MEA Military Rubber Tracks Market: Impact Analysis of Drivers and Restraints
Figure 9. MEA Military Rubber Tracks Market Forecast and Analysis, (US$ Mn)
Figure 10. MEA Military Rubber Tracks Market Revenue Share, By Type (2020 and 2028)
Figure 11. MEA Rubber Pin Track: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Rubber Band Track: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Military Rubber Tracks Market Revenue Share, by End Use (2020 and 2028)
Figure 14. MEA Main Battle Tank: Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA IFV/AIFV: Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA APC: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Others: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA: Military Rubber Tracks Market, by Key Country – Revenue (2020) (US$ Million)
Figure 19. MEA: Military Rubber Tracks Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. Saudi Arabia: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. South Africa: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. UAE: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of MEA: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
- Astrak UK Limited
- DST Defence Service Tracks GmbH
- GMT Rubber-Metal-Technic Ltd
- LS MTRON LTD
- Ocean Rubber Factory LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA military rubber tracks market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA military rubber tracks market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the military rubber tracks market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution