South America 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 South America military rubber tracks market is expected to grow from US$ 5.24 million in 2021 to US$ 7.04 million by 2028; it is estimated to grow at a CAGR of 4.3% 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 contributing to the market's growth.
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 SAM military rubber tracks market. The SAM military rubber tracks market is expected to grow at a good CAGR during the forecast period.
SAM Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
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SAM Military Rubber Tracks Market Segmentation
The SAM military rubber tracks market is segmented based on type, end use, and country. Based on type, the SAM military rubber tracks market is segmented into rubber pin track and rubber band track. The rubber pin track segment dominated the SAM 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 SAM military rubber tracks market is segmented into main battle tank, IFV/AIFV, APC, and others. The IFV/AIFV segment dominated the SAM military rubber tracks market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on country, the SAM military rubber tracks market has been segmented into Brazil and the Rest of SAM.
Astrak UK Limited, DST Defence Service Tracks GmbH, GMT Rubber-Metal-Technic Ltd, LS MTRON LTD, and Soucy are among the leading companies in the SAM 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. SAM 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. SAM Military Rubber Tracks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Composite Rubber Base Tracks
5.1.2 Rising 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 – SAM Analysis
6.1 Overview
6.2 SAM Military Rubber Tracks Market Forecast and Analysis
7. SAM Military Rubber Tracks Market Analysis – By Type
7.1 Overview
7.2 SAM 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. SAM Military Rubber Tracks Market Analysis – By End Use
8.1 Overview
8.2 SAM 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. SAM Military Rubber Tracks Market – Country Analysis
9.1 Overview
9.1.1 SAM: Military Rubber Tracks Market, by Key Country
9.1.1.1 Brazil: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Military Rubber Tracks Market, by Type
9.1.1.1.2 Brazil: Military Rubber Tracks Market, by End Use
9.1.1.2 Rest of SAM: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Rest of SAM: Military Rubber Tracks Market, by Type
9.1.1.2.2 Rest of SAM: 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 Soucy
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. SAM Military Rubber Tracks Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Brazil: Military Rubber Tracks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Military Rubber Tracks Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. Rest of SAM: Military Rubber Tracks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of SAM: Military Rubber Tracks Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. Glossary of Terms
LIST OF FIGURES
Figure 1. SAM Military Rubber Tracks Market Segmentation
Figure 2. SAM Military Rubber Tracks Market Segmentation – By Country
Figure 3. SAM Military Rubber Tracks Market Overview
Figure 4. SAM Military Rubber Tracks Market, by Type
Figure 5. SAM Military Rubber Tracks Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. SAM Military Rubber Tracks Market: Impact Analysis of Drivers and Restraints
Figure 9. SAM Military Rubber Tracks Market Forecast and Analysis, (US$ Mn)
Figure 10. SAM Military Rubber Tracks Market Revenue Share, By Type (2020 and 2028)
Figure 11. SAM Rubber Pin Track: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Rubber Band Track: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Military Rubber Tracks Market Revenue Share, by End Use (2020 and 2028)
Figure 14. SAM Main Battle Tank: Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM IFV/AIFV: Military Rubber Tracks Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM APC: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Others: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM: Military Rubber Tracks Market, by Key Country – Revenue (2020) (US$ Million)
Figure 19. SAM: Military Rubber Tracks Market Revenue Share, by Key Country (2020 and 2028)
Figure 20. Brazil: Military Rubber Tracks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Rest of SAM: 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
- Soucy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM 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 SAM 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 SAM 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