Epoxy curing agent News my country’s rubber track market is gradually expanding, with the construction machinery market accounting for the largest share

my country’s rubber track market is gradually expanding, with the construction machinery market accounting for the largest share

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my country's rubber track market is gradually expanding, with the construction machinery market accounting for the largest share

Rubber track refers to an annular rubber belt composed of metal, rubber, and fiber skeleton materials. It is mainly composed of strong layer traction parts, metal transmission bearing parts, rubber elastomers, etc., and is mostly used for the walking part of crawler machinery or vehicles. Compared with steel tracks and traditional rubber tires, rubber tracks have the advantages of light weight, low noise, easy replacement, low ground pressure, and less road damage. With the gradual advancement of production technology, the types of rubber tracks have gradually increased. According to different supporting machinery, rubber tracks can be roughly divided into engineering crawlers, agricultural crawlers, etc.

From the upstream of the industrial chain, rubber is the largest raw material used in the production of rubber tracks. As a highly elastic polymer material, rubber has the advantages of high elasticity, wear resistance and cold resistance, and has a wide range of applications. However, due to the impact of the epidemic, the operating rate of rubber companies has declined, resulting in a gradual decline in their output. According to data released by the National Bureau of Statistics, my country’s synthetic rubber output will be 8.233 million tons in 2022, a year-on-year decrease of 5.7%. Due to the large gap between my country’s rubber production and market demand, large amounts of imports from abroad are still needed to fill the gap.

According to the “China Rubber Track Market Monitoring and Future Development Prospects Research Report 2023-2027” released by the Industrial Research Center, the recent In recent years, my country’s economy and society have developed rapidly, urbanization and industrialization have accelerated, and the application fields of construction machinery have gradually broadened, and are widely used in urban infrastructure, transportation, electric power, real estate, energy and other fields. However, affected by the epidemic and the shrinking real estate market, sales of construction machinery in my country have gradually declined. According to data released by the China Machinery Industry Federation, in 2022, the total sales volume of my country’s 12 types of construction machinery products will be approximately 1.7098 million units, a year-on-year decrease of 8.13%. As an important part of construction machinery, the market of rubber tracks has been affected to a certain extent. However, because the number of construction machinery in my country is still large, rubber tracks, as an important traveling part of crawler machinery, have a growing demand for replacement. Against this background, the size of my country’s rubber track market has risen instead of falling. In 2022, my country’s rubber track market will be worth 6.91 billion yuan, a year-on-year increase of 9.7%.

Industry analysts said that my country’s rubber track market has a low concentration and a large number of companies. The main foreign rubber track companies include Michelin, Goodyear, Continental, Bridgestone, Camso, etc. The main domestic rubber track companies include Chuangyuan Technology, Zhongce Rubber, Jinlilong Rubber, Tate Rubber, Tongli Rubber, Beidahuang Agriculture, Jinjiulong Industrial, etc. Because foreign rubber track companies started earlier, their production technology is more advanced, and their product quality has gradually improved, occupying most of my country’s high-end market. Due to their late start, domestic rubber track companies still have a large gap between production technology and international advanced technology, and their market competitiveness is weak. However, as my country’s rubber track companies continue to increase investment in research and development, product quality has gradually improved and market competitiveness has gradually increased.

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