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Equipment mounted on track chain system are termed as track mounted equipment. Track mounted equipment provides the facility of mobility for heavy mining and construction equipment which are generally stationary. Hence, they are also called mobile equipment. The mobility feature enables the same equipment to be used for various applications at different sites. Various types of track mounted equipment are track-mounted jaw crushers, track-mounted mobile screens, track-mounted conveyors, track-mounted impact crushers, and track loaders, among others. Furthermore, track mounted equipment work with power transmission consisting of direct, hydraulic, or electric drives. These equipment generate electricity using diesel engines for their working. Additionally, all different pieces of tracked equipment has separate fuel tanks, hydraulic tanks, and hydraulic hoses.
Track mounted equipment are sub-categorized into heavy construction equipment. The equipment are mainly used in construction and mining industries for excavation, crushing, screening, and drilling activities. Even though, there are many similarities between portable and track mounted equipment, in terms of applications, track mounted equipment have many advantages over the portable equipment. The major advantage of track mounted equipment is that it can be used at difficult site conditions especially in mines. The portable equipment consists of wheels for transportation, thus, cannot be used for rough terrains with mud and soft soil. Whereas, track mounted equipment are more efficient for use in such site conditions as tracks exert lower pressure on ground than wheels. In addition, track mounted equipment require short time to set-up and start an operation. Thus, are preferred for use where it is necessary to move the equipment frequently.
The overall growth in mining and construction industries will drive the market for track mounted equipment. Heavy track mounted equipment are suitable for use on soft and loose soil hence, mining industries are deeply benefited from them. Further, track mounted crushers and screeners are popularly used for ore mines and aggregate mines. Whereas, track mounted-dozers, loaders, and cranes are generally preferred on construction sites and industries. Moreover, track mounted equipment require less time and space to set up an operational process, hence, the increasing urbanization and availability of less space for operations can also drive the track mounted equipment market. Furthermore, the increasing trend of aggregate and construction waste recycling can propel the market as track mounted mobile crushers are more suitable for the operation of crushing than stationary equipment.
Maintaining the equipment is an important process to improve the working life. But, the maintenance costs of track mounted equipment are considerably high. The track mounted equipment consists of multiple engines, hydraulic motors, valves, and solenoids, which, in turn, increase the complications of maintaining them. This is one of the main factors that can restrain the market growth. In addition, different engines have their own fuel tanks which consume more fuel compared to portable or stationary equipment. This factor can also increase the risk of fuel spills and affect the efficiency of the operation. All these factors can restrain the market of track mounted equipment.
The development in machine telematics technology can create numerous opportunities for the track mounted equipment market. Telematics technology enables the operator to remotely track and create reports for data such as fuel consumption, machine operation, and location. This can help improve efficiency of the equipment and also help in maintaining the equipment as per the usage. Further, tracking fuel consumption can also help to overcome the disadvantages such as extra fuel usage, for track mounted vehicles. Furthermore, the growing demand for efficient equipment in mining industry to extract more materials in lesser efforts can be fulfilled using track mounted equipment. Thereby, creating future opportunities for the market.
The report segments the track mounted equipment market based on equipment type, end user, and region. On the basis of equipment type, the market is segmented into crushers, screening equipment, conveyors, dozers, loaders, cranes, and others. According to the end user, the market is segmented into mining and construction industries. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. These regions are further categorized into different key countries, respectively.
Comprehensive competitive analysis and profiles of major market players such as Astec Industries, Inc., Sandvik AB, Kleemann GmbH, Caterpillar Inc., Lippmann-Milwaukee, Inc., Metso Corporation, Tadano Ltd., Rock Equipment Inc., JCB, and Reuter Equipment Co. is also provided in the report.
Key Market Segments
Key Market Players