STEEL TRACKS AND RUBBER TRACKS MARKET ANALYSIS

Market News

Recent Developments

New product launches

• Camso (Michelin): In April 2023, Camso (Michelin) formerly known as Camoplast Solideal, is a Canadian company that is a manufacturer and service supplier of products for off-the-road vehicles. They serve the material handling, construction, agriculture and powersport industries launched a new line of rubber tracks for construction equipment. The new tracks are designed to provide superior traction and durability in difficult terrain.
• Bridgestone: In March 2023, Bridgestone Corporation a leading manufacturer of steel tracks for construction equipment launched a new line of rubber tracks for agricultural equipment. The new tracks are designed to provide superior traction and durability in muddy and wet conditions.
• Soucy: In February 2023, Soucy, established in 1967 by Mr. Gilles Soucy, stands as a private corporation specializing in the conceptualization and manufacturing of diverse components. These components cater to leading manufacturers in the realms of motorsport, industrial machinery, agriculture, and defense vehicles. Soucy launched a new line of steel tracks for construction equipment. The new tracks are designed to provide superior traction and durability in harsh environments.

Key Strategic Initiatives

Acquisition and partnerships

• Bridgestone partnered with McLaren Industries: In February 2023, Bridgestone partnered with McLaren Industries, a leading manufacturer of steel tracks for construction equipment. The partnership was part of Bridgestone's strategy to expand its product offering and reach new markets.
• Soucy partnered with VMT International: In March 2023, Soucy partnered with VMT International, a leading manufacturer of rubber tracks for agricultural equipment. The partnership was part of Soucy's strategy to expand its product offering and reach new markets.
• All States Ag Parts acquired Steel Tracks, Inc.: In April 2023, All States Ag Parts serves as a reliable supplier, offering a range of used, rebuilt, and aftermarket parts for tractors of various makes and models acquired Steel Tracks, Inc., a leading manufacturer of steel tracks for construction equipment. The acquisition was part of All States Ag Parts' strategy to expand its product offering and reach new markets.