Traction Chains Market Size will reach US$ 323.8 million by 2024, Insights, Huge Growth Opportunities and Development Trends

ReportsnReport.com presents “Global Traction Chains Market Growth 2019-2024” new Research to its studies database. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.

Pune, India - June 6, 2019 /MarketersMedia/ —

According to this study, over the next five years the Traction Chains market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 323.8 million by 2024, from US$ 261.9 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Traction Chains business, shared in Chapter 3.

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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.
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.

The traction chains are classified into the metal chain and nonmetal chain according to the product material. As of 2018, metal chain segment dominates the market contributing more than 90% of the total market share, reach to 3053.7 K pairs, while nonmetal chain sold 303.5 K pairs annual. Traction chains are major applied for transport, forests and other industry, in 2018; demand for a transport occupied the largest market, with 76.7% share, and reach to 2574.7 K pairs.

#Top key players of Traction Chains Market Pewag, Rud, Peerless, Nordic Traction Group, Trygg, Laclede Chain, Maggi Group, Bohu, Ottinger, Veriga Lesce, Hangzhou Feifei Chain, Gowin; the revenue of top five manufacturers accounts over 60% of the total revenue in 2018. The high-end products mainly come from Europe.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
- To study and analyze the global Traction Chains consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Traction Chains market by identifying its various subsegments.
- Focuses on the key global Traction Chains manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Traction Chains with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Traction Chains submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.

List of Tables and Figures
Table Traction Chains Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
Table Global Traction Chains Consumption by Regions 2014-2019 (K Pair)
Table Global Traction Chains Consumption Market Share by Regions 2014-2019
Figure Global Traction Chains Consumption Market Share by Regions 2014-2019
Table Global Traction Chains Value by Regions 2014-2019 ($ Millions)
Table Global Traction Chains Value Market Share by Regions 2014-2019
Figure Global Traction Chains Value Market Share by Regions 2014-2019
Figure Americas Traction Chains Consumption 2014-2019 (K Pair)

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Source URL: https://marketersmedia.com/traction-chains-market-size-will-reach-us-3238-million-by-2024-insights-huge-growth-opportunities-and-development-trends/521137

Source: MarketersMedia

Release ID: 521137