세계의 방위 및 보안용 고무 트랙 시장 예측(-2030년) : 트랙 유형별, 차량 유형별, 차량 적재량별, 용도별, 지역별 시장 전망

According to Stratistics MRC, the Global Rubber Tracks for Defense & Security Market is accounted for $142.7 million in 2024 and is expected to reach $208.3 million by 2030 growing at a CAGR of 6.5% during the forecast period. Rubber tracks for defense and security are specialized tracks used in military and law enforcement vehicles. These tracks offer enhanced mobility, reduced vehicle weight, improved fuel efficiency, and increased survivability. They are designed to provide superior performance and durability across various terrains, making them essential for modern military applications. Key benefits include lower ground pressure, reduced noise levels, and better traction, which contribute to the operational effectiveness and stealth of military vehicles.

According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure surged by 7% to reach $2.43 trillion in 2023, marking the steepest annual rise since 2009.

Market Dynamics:

Driver:

Rising defense budgets in several countries

The rising defense budgets in several countries are a significant driver for the rubber tracks for defense and security market. Increased military spending allows for the procurement of advanced military vehicles equipped with rubber tracks, which offer superior mobility, reduced noise, and lower ground pressure compared to traditional steel tracks. Countries are investing in modernizing their defense capabilities to enhance operational efficiency and readiness. This surge in defense budgets directly boosts the demand for rubber tracks, contributing to market growth.

Restraint:

High cost of rubber tracks

The high cost of rubber tracks is a major restraint on the market. Rubber tracks are more expensive to produce than traditional steel tracks due to the advanced materials and manufacturing processes involved. The initial investment and maintenance costs can be prohibitive for some defense budgets, particularly in developing countries. These high costs can limit the adoption of rubber tracks, as military organizations may opt for more cost-effective alternatives, thereby restraining market growth.

Opportunity:

Growing demand from emerging markets

Emerging markets present a substantial opportunity for the rubber tracks for defense and security market. As these countries invest in modernizing their military forces, there is an increasing demand for advanced vehicle technologies, including rubber tracks. The benefits of rubber tracks, such as enhanced mobility and reduced vehicle wear, make them attractive for emerging defense markets. Companies can capitalize on this opportunity by offering cost-effective and tailored solutions to meet the specific needs of these markets, driving market expansion.

Threat:

Competition from alternative track systems

Competition from alternative track systems poses a threat to the rubber tracks for defense and security market. Traditional steel tracks and other advanced track technologies can offer comparable performance at lower costs. Additionally, some military applications may prefer the durability and familiarity of steel tracks. The presence of these alternatives can limit the market share of rubber tracks, especially if they provide cost advantages or specific benefits that rubber tracks do not. This competition can challenge market growth.

Covid-19 Impact:

The Covid-19 pandemic disrupted global supply chains and delayed defense procurement processes, impacting the rubber tracks for defense and security market. However, the pandemic also highlighted the importance of maintaining robust defense capabilities, leading to continued investments in military modernization. As economies recover, the resumption of defense projects and increased focus on operational readiness are expected to drive demand for rubber tracks.

The single grouser tracks segment is expected to be the largest during the forecast period

The single grouser tracks segment is anticipated to dominate the market due to its widespread use in military vehicles. Single grouser tracks provide excellent traction and stability, making them ideal for various terrains encountered in defense operations. Their design enhances vehicle mobility and reduces ground pressure, which is crucial for tactical maneuvers. The reliability and performance of single grouser tracks drive their significant adoption in military applications, contributing to their large market share.

The 8 to 12 tons segment is expected to have the highest CAGR during the forecast period

The 8 to 12 tons segment is projected to have the highest CAGR due to the increasing deployment of lightweight and agile military vehicles. Vehicles in this weight range benefit significantly from rubber tracks, which enhance their mobility and operational efficiency. The growing focus on rapid deployment and versatile military operations drives the demand for vehicles equipped with rubber tracks in this weight category. The segment's rapid growth is fueled by the need for advanced mobility solutions in modern defense strategies.

Region with largest share:

The Europe region is positioned to dominate the rubber tracks for defense and security market due to its advanced defense capabilities and significant investments in military modernization. European countries are at the forefront of adopting advanced vehicle technologies, including rubber tracks, to enhance their defense operations. The region's strong focus on innovation and the presence of major defense manufacturers further bolster Europe's leading position in the market.

Region with highest CAGR:

The Asia Pacific region anticipates rapid growth in the rubber tracks for defense and security market, driven by increasing defense budgets and modernization efforts. Countries like China and India are investing heavily in upgrading their military capabilities, including the adoption of advanced vehicle technologies. The region's expanding defense sector and focus on enhancing operational readiness contribute to the high CAGR. Government initiatives to strengthen defense infrastructure and capabilities also support market growth in the Asia Pacific region.

Key players in the market

Some of the key players in Rubber Tracks for Defense & Security Market include LS Mtron Ltd, GMT Rubber, Metal Technic, COECA SA, Ocean Rubber Factory, Soucy International, William Cook Holding, Rubber Track Solutions, Bridgestone Corporation, Camso Inc., Continental AG, Goodyear Tire & Rubber Company, Michelin, Mattracks Inc., McLaren Industries, VTS Track Solutions, Zhejiang Yuan Chuang Rubber Track Co., Ltd., Chermack Machine Inc., Superior Tire & Rubber Corp. and Prowler Tracks Mfg.

Key Developments:

In April 2024, Michelin North America is expanding its manufacturing facility in Plattsburgh, New York, to produce rubber tracks for the Defense Mobility market. This expansion includes the acquisition and conversion of a 69,000 square foot facility to support the production of rubber tracks, enhancing Michelin's capabilities to meet domestic and defense needs.

In December 2021, Loc Performance acquired Continental's St. Marys, Ohio facility, which manufactures rubber track products for agricultural, construction, and defense industries. This acquisition allows Loc Performance to offer continuous and band track solutions to its military customers, expanding its manufacturing capabilities and bringing rubber application processes in-house.

In May 2020, Soucy International has partnered with Supacat to provide high-performance Composite Rubber Track (CRT) systems for the UK's Armed Forces. This partnership aims to transition from traditional steel tracks to composite systems, offering benefits such as reduced vibration, lower noise levels, and decreased vehicle weight. The partnership is expected to be worth around £500 million over 25 years, with significant cost savings for the UK Ministry of Defence (MOD).

Track Types Covered:

• Single Grouser Tracks
• Double Grouser Tracks
• Chevron Tracks
• Specialty Tracks

Vehicle Types Covered:

• Main Battle Tanks
• Armored Personnel Carriers
• Infantry Fighting Vehicles
• Light Armored Vehicles
• Other Military Vehicles

Vehicle Payloads Covered:

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

Applications Covered:

• Track Replacement
• New Vehicle Production
• Military Exercises and Training
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Rubber Tracks for Defense & Security Market, By Track Type

• 5.1 Introduction
• 5.2 Single Grouser Tracks
• 5.3 Double Grouser Tracks
• 5.4 Chevron Tracks
• 5.5 Specialty Tracks

6 Global Rubber Tracks for Defense & Security Market, By Vehicle Type

• 6.1 Introduction
• 6.2 Main Battle Tanks
• 6.3 Armored Personnel Carriers
• 6.4 Infantry Fighting Vehicles
• 6.5 Light Armored Vehicles
• 6.6 Other Military Vehicles

7 Global Rubber Tracks for Defense & Security Market, By Vehicle Payload

• 7.1 Introduction
• 7.2 8 to 12 Tons
• 7.3 12 to 14 Tons
• 7.4 15 to 45 Tons
• 7.5 Above 45 Tons

8 Global Rubber Tracks for Defense & Security Market, By Application

• 8.1 Introduction
• 8.2 Track Replacement
• 8.3 New Vehicle Production
• 8.4 Military Exercises and Training
• 8.5 Other Applications

9 Global Rubber Tracks for Defense & Security Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 LS Mtron Ltd
• 11.2 GMT Rubber
• 11.3 Metal Technic
• 11.4 COECA SA
• 11.5 Ocean Rubber Factory
• 11.6 Soucy International
• 11.7 William Cook Holding
• 11.8 Rubber Track Solutions
• 11.9 Bridgestone Corporation
• 11.10 Camso Inc.
• 11.11 Continental AG
• 11.12 Goodyear Tire & Rubber Company
• 11.13 Michelin
• 11.14 Mattracks Inc.
• 11.15 McLaren Industries
• 11.16 VTS Track Solutions
• 11.17 Zhejiang Yuan Chuang Rubber Track Co., Ltd.
• 11.18 Chermack Machine Inc.
• 11.19 Superior Tire & Rubber Corp.
• 11.20 Prowler Tracks Mfg.