India Rubber Crawler Market By Equipment Type (Bulldozers, Excavators, Multi Terrain Loaders, Track Loaders, Backhoe Loaders, Skid Steer Loaders, Military Vehicles, Others), By Material (Natural Rubber, Synthetic Rubber), By Demand Category (OEM, Aftermarket), By Aftermarket (Genuine Products, Duplicated Products), By End Use (Construction & Mining, Agriculture, Military), By Region, Competition,
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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India rubber Crawler market is anticipated to grow from USD100.51 million in 2022 to USD142.14 million by 2028, at a CAGR of 6.37% by 2028.
India is moving towards swift development in infrastructure activities, increased production in agriculture and technological development in military vehicles through different government policies which includes enhanced utilization of Crawler vehicles for improved productivity and improved vehicle control on uneven terrain leads to growing demand for rubber crawler in all regions and to propel the India rubber crawler market in the future years.
India rubber crawler market is segmented into eight categories on the basis of equipment type like bulldozers, excavators, multi terrain loaders, track loaders, backhoe loaders, skid steer loaders, military vehicles, and others. Excavator segment is ruling over market share and is also ruling the segment because it has massive usage in construction & mining, agriculture, and military due to which a more number of crawler vehicles have been sold in 2022. Military vehicles account for second largest share in equipment type segment. India Rubber Crawler Market by material is dominated by natural rubber segment on value market and is likely to expand in future years. Demand category segment is dominated by aftermarket since fleet size of crawler vehicles in every vehicle type is anticipated to expand during forecast period. Additionally, aftermarket segment is categorized into duplicate and original products. India rubber crawler market is further segmented by end use into construction & mining, agriculture, military. Bridgestone with its established brand image leads in providing rubber crawlers to OEM's (Original Equipment Manufacturers).
Because of the COVID-19 outbreak, supply chain was disrupted and production of OEM equipment stopped suddenly, resulting in decline in sales of rubber crawlers during 2021. But during 2022, demand for rubber crawler recovered in terms of sales volume.
Development Of Agrarian Economy
From government statistics, the agriculture sector in India contributes about 17% of India's GDP. The agriculture sector is expanding globally because of ongoing modernization and use of heavy equipment and vehicles in farming industry to increase productivity. Various types of vehicles including crawler vehicles are being launched in agriculture which aids in overcoming the challenges accounting for higher productivity. The country's need for rubber crawlers is being significantly fueled by the growing use of agricultural equipment vehicles. The companies are improving lifespan of rubber crawler while being cost effective as well.
Flourishing Infrastructure Sector
The country is heading toward large-scale infrastructure development in all parts of India including the industrial sector, power supply, housing infrastructure, rail-road network and also, building strong military vehicles. The government has allocated USD20 billion under the budget for the construction of new national highways around the nation, mostly to improve rural connectivity for 2023. Subsequently, due to added advantage of rubber crawler over wheeled tires, there is a shift toward crawler vehicles, especially crawler excavators, in all industries. As a result, demand for rubber crawlers is estimated to grow during the forecast period.
Growing Demand for Rubber Crawlers from OEM’s
Construction & mining equipment manufacturers in India has high demand across the country. As a result, the rubber crawler market is seeing a surge in demand for OEM vehicles in Indian market. Original Equipment Manufacturers (OEM’s) are stepping up manufacturing to keep up with demand. Additionally, it raises the aftermarket demand for rubber crawlers, which is leading the demand category segment.
Market Segmentation
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The India rubber crawler market is segmented based on equipment type, material, demand category. It is further segmented by aftermarket, by end use, by region, and by company. On the basis of equipment type, the market is segmented into bulldozers, excavators, multi terrain loaders, track loaders, backhoe loaders, skid steer loaders, military vehicles, and others. Based on the material, it is segmented into natural rubber and synthetic rubber. Based on the demand category, it is segmented into OEM and aftermarket, which further segmented by aftermarket into genuine products and duplicated Products. On the basis of end use, it is segmented into construction & mining, agriculture, and military. India rubber crawler market also analyses region wise segmentation mainly into north, west, south, and east.
Here is a list of key players in the India Rubber Crawler Market, including both domestic and international companies that operate or supply within India
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One of India’s leading rubber and tire manufacturers. Supplies rubber products including tracks for agricultural and construction machinery.
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Balkrishna Industries Limited (BKT)
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Major Indian player known for off-highway tires and rubber tracks used in agricultural and industrial equipment.
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TVS Eurogrip (TVS Srichakra Ltd.)
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Indian manufacturer expanding into rubber tracks for agricultural vehicles.
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Swedish multinational with a significant presence in India, offering advanced rubber crawler systems.
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Global tire and rubber company; supplies crawler systems for high-performance machinery.
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Camso (a Michelin Group company)
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Global leader in rubber track systems; active in India through OEM partnerships and distribution.
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Soucy Group (Soucy International Inc.)
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Canadian company known for rubber tracks; serves Indian markets via partnerships.
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DRB (Dongil Rubber Belt Co. Ltd.)
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South Korean manufacturer that exports rubber tracks to India, particularly for excavators and mini construction equipment.
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Tempo Rubber Tracks
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India-based company focusing on aftermarket rubber crawler tracks, primarily for agriculture.
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Cheran Engineering Corporation
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Local manufacturer and supplier of rubber tracks and undercarriage parts for agriculture and small construction equipment.
Some of the major players which are leading in India rubber crawler market are Greenfield Agro Impex, Usco SpA, Bridgestone Engineered Products of Asia Sdn Bhd, Ace Ventura Tyres and Tracks,
|
Attribute |
Details |
|
Market Size Value in 2022 |
USD100.51 million |
|
Revenue Forecast in 2028 |
USD142.14 million |
|
Growth Rate |
6.37% |
|
Base Year |
2022 |
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Historical Years |
2018 –2021 |
|
Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD million and CAGR for 2018-2022 and 2023-2028 |
|
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Equipment Type · Material · Demand Category · End Use · Region · Company |
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Country Scope |
· North, West, South, East |
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Key Companies Profiled |
Greenfield Agro Impex, Usco SpA, Bridgestone Engineered Products of Asia Sdn Bhd, Ace Ventura Tyres and Tracks, Trident International Pvt. Ltd., TVH India Pvt. Ltd., Camso Inc., VMT International, SD Technologies Pvt. Ltd., Balkrishna Industries Limited (BKT) |
|
Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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