Global Traction Chains Market Growth 2023-2029

Global Traction Chains Market Growth 2023-2029

Product Code:455467

Published Date: Feb 08,2023

Pages: 102

Region: Global

Category: Chemical & Material

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Traction Chains are nets made up of chains that fitted to the tires of vehicles to provide maximum traction when driving through snow and ice. Snow chains attach to the drive wheels of a vehicle or special systems deploy chains which swing under the tires automatically.

LPI (LP Information)' newest research report, the “Traction Chains Industry Forecast” looks at past sales and reviews total world Traction Chains sales in 2022, providing a comprehensive analysis by region and market sector of projected Traction Chains sales for 2023 through 2029. With Traction Chains sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traction Chains industry.

This Insight Report provides a comprehensive analysis of the global Traction Chains landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Traction Chains portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Traction Chains market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traction Chains and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Traction Chains.

The global Traction Chains market size is projected to grow from US$ 306.3 million in 2022 to US$ 412.8 million in 2029; it is expected to grow at a CAGR of 412.8 from 2023 to 2029.

Global Traction Chains key players include Pewag, Rud, Peerless, etc. Global top three manufacturers hold a share about 45%.

Europe is the largest market, with a share about 45%, followed by North America and Asia-Pacific, both have a share over 50 percent. 
In terms of product, Metal Chain is the largest segment, with a share over 90%. And in terms of application, the largest application is Transport, followed by Forests.

This report presents a comprehensive overview, market shares, and growth opportunities of Traction Chains market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Metal Chain
    Nonmetal Chain

Segmentation by application
    Transport
    Forests
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Pewag
    Rud
    Peerless
    Nordic Traction Group
    Trygg
    Laclede Chain
    Maggi Group
    Bohu
    Ottinger
    Veriga Lesce
    Hangzhou Feifei Chain
    Gowin

Key Questions Addressed in this Report
What is the 10-year outlook for the global Traction Chains market?
What factors are driving Traction Chains market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Traction Chains market opportunities vary by end market size?
How does Traction Chains break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?