The Global Steel Tracks and Rubber Tracks Market is estimated to be valued at US$ 2.13 billion in 2023 and is expected to reach US$ 3.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.
Steel Tracks and Rubber Tracks Market Trends:
For Instance: According to statistics released by the European Construction Equipment Federation in 2022, an excavator equipped with rubber tracks demonstrates a 12% higher lifetime fuel efficiency compared to the same excavator with steel tracks.
For Instance: In a 2023 research report published by the US Army Engineering Research and Development Center, findings indicated that 3D printed tracks exhibited equivalent or even superior wear resistance compared to traditional tracks made of rubber or steel.
Steel Tracks and Rubber Tracks Market Report Snapshots
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