Undercarriage Components Market Size, Share, Trends, & Industry Analysis Report By Component Type (Track and Carrier Rollers, Track Chains), By Equipment Type, By Sales Channel, By End User, and By Region – Market Forecast, 2025–2034

The undercarriage components market size is expected to reach USD 66.13 Billion by 2034, according to a new study by Polaris Market Research. The report “Undercarriage Components Market Share, Size, Trends, Industry Analysis Report: By Component Type (Track and Carrier Rollers, Track Chains), By Equipment Type, By Sales Channel, By End User, and By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Undercarriage components are important mechanical systems supporting and mobilizing tracked heavy construction equipment with stability, load distribution, and ground contact in different environments. These parts, such as track rollers, chains, idlers, and shoes, facilitate effective movement and performance in construction, mining, agriculture, and forestry activities.

They are essential for machine durability, productivity, and safety, especially in demanding environments. Technological advancements in material strength, smart wear tracking, and fuel-efficient designs are enhancing the functionality and lifecycle of undercarriage systems. Their role extends beyond mobility, contributing to reduced operational costs, extended equipment uptime, and improved performance across project lifecycles.

Undercarriage Components Market Report Highlights

In terms of sales channel, the OEM segment led the market in 2024, fueled by the increasing integration of advanced undercarriage systems into new equipment manufacturing processes.

Based on end user, the agriculture and forestry sector is poised to capture significant market share by 2034, propelled by growing mechanization and expansion of farming and forestry operations in emerging economies.

Asia Pacific is anticipated to register the highest growth rate, supported by accelerating infrastructure development and widespread equipment mechanization across construction, mining, and agricultural activities.

North America held the largest global market share in 2024, driven by robust construction projects, refined mining operations, and substantial infrastructure modernization investments in the region.

A few global key market players include Caterpillar Inc., Komatsu Ltd., AB Volvo, ThyssenKrupp AG, John Deere, Liebherr Group, VTS Track Solutions, ITR America, USCO SpA, DRB Industrial Co. Ltd., Berco S.p.A., and Dozco India Pvt. Ltd.

Polaris Market Research has segmented the market report on the basis of component type, equipment type, sales channel, end user, and region:

By Component Type Outlook (Revenue, USD Billion, 2020–2034)

Track and Carrier Rollers

Track Chains

Idlers & Sprocket

Equalizer Bars

Track Shoe/Rubber Tracks

Track Adjuster & Recoil

Link Assemblies

Others

By Equipment Type Outlook (Revenue, USD Billion, 2020–2034)

Excavator

Track Loader

Dozers

Multi Terrain Loaders

Crawler Cranes

Asphalt Pavers

Other Equipment Type

By Sales Channel Outlook (Revenue, USD Billion, 2020–2034)

OEM

Aftermarket

By End User Outlook (Revenue, USD Billion, 2020–2034)

Construction

Mining

Agriculture & Forestry

Oil & Gas

By Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

US

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America Show more