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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.
Market Analysis and Insights: Global Traction Chains Market
Due to the COVID-19 pandemic, the global Traction Chains market size is estimated to be worth US$ 313.1 million in 2021 and is forecast to a readjusted size of US$ 313.1 million by 2028 with a CAGR of 4.2% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Traction Chains global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
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.
Global Traction Chains Scope and Market Size
The global Traction Chains market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Traction Chains market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Metal Chain
Nonmetal Chain
Segment by Application
Transport
Forests
Other
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Pewag
Rud
Peerless
Nordic Traction Group
Trygg
Laclede Chain
Maggi Group
Bohu
Ottinger
Veriga Lesce
Hangzhou Feifei Chain
Gowin
Market Analysis and Insights: Global Traction Chains Market
Due to the COVID-19 pandemic, the global Traction Chains market size is estimated to be worth US$ 313.1 million in 2021 and is forecast to a readjusted size of US$ 313.1 million by 2028 with a CAGR of 4.2% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Traction Chains global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
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.
Global Traction Chains Scope and Market Size
The global Traction Chains market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Traction Chains market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Metal Chain
Nonmetal Chain
Segment by Application
Transport
Forests
Other
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Pewag
Rud
Peerless
Nordic Traction Group
Trygg
Laclede Chain
Maggi Group
Bohu
Ottinger
Veriga Lesce
Hangzhou Feifei Chain
Gowin
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
