Resilient Wheels Market Resilient Wheels Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request Sample Report
Resilient Wheels Market Size and Growth
The global resilient wheels market is projected to reach a value of $1.5 billion by 2026, growing at a CAGR of 4.5%. The market is driven by increasing demand for durable and low maintenance wheels in industries such as logistics, construction, and agriculture. Technological advancements and focus on sustainability are expected to further boost market growth. Request
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Companies Covered (Covid 19 Impact Covered)
◍ GMT Rubber-Metal-Technic Ltd
◍ Lucchini RS
◍ Kampa BV
◍ Loggers
◍ Ghh-Bonatrans
◍ MBM Industry & Rail Tech GmbH
◍ Marmon Group, LLC(Penn Machine Company)
◍ Maanshan Shuangyi Mechanical Manufacturing Co. Ltd.
The global resilient wheels market is competitive with key players such as GMT Rubber-Metal-Technic Ltd, Lucchini RS, Kampa BV, Loggers, Ghh-Bonatrans, MBM Industry & Rail Tech GmbH, Marmon Group, LLC, Maanshan Shuangyi Mechanical Manufacturing Co. Ltd., and Taiyuan Heavy Machinery Group Co. Ltd. These companies use resilient wheels for various applications in the rail industry, contributing to the growth of the market.
- Marmon Group, LLC (Penn Machine Company) reported sales revenue of $500 million in 2020.
◍ Taiyuan Heavy Machinery Group Co., Ltd.
- Lucchini RS reported sales revenue of $300 million in 2020.
- Maanshan Shuangyi Mechanical Manufacturing Co. Ltd. reported sales revenue of $200 million in 2020.
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Market Segmentation
By Application
◍ Light Railway
◍ Underground Railway
◍ Heavy Railway
◍ Industrial Railway
By Product
◍ Bonded Rubber Discs Resilient Wheels
◍ Pre-Compressed Rubber Rings
Resilient Wheels
◍ Rubber Blocks Resilient Wheels
◍ Others
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$ X Billion USD
Market Growth
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