Traction Chains Market

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.
The traction chains market is relative concentrated market; key players include 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.

The Global Traction Chains Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.

In the global Traction Chains Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Pewag
Rud
Peerless
Nordic Traction Group
Trygg
Laclede Chain
Maggi Group
Bohu
Ottinger
Veriga Lesce
Hangzhou Feifei Chain
Gowin

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Metal Chain
Nonmetal Chain
In Market segmentation by applications :
Transport
Forests
Other

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Traction Chains Market for the forecast period 2020 - 2026?
• What are the driving forces in the Traction Chains Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Traction Chains industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?