| Product Code: ETC11240683 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Sweden continued to rely on a diverse group of countries for undercarriage component imports, with Germany, China, Poland, Denmark, and Finland leading the way. Despite a slight decline in growth rate from 2023 to 2024, the market remained competitive with a low Herfindahl-Hirschman Index (HHI) concentration. The impressive compound annual growth rate (CAGR) of 6.53% from 2020 to 2024 indicates sustained demand for undercarriage components in Sweden, pointing towards a resilient market outlook.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Undercarriage Component Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Undercarriage Component Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Undercarriage Component Market - Industry Life Cycle |
3.4 Sweden Undercarriage Component Market - Porter's Five Forces |
3.5 Sweden Undercarriage Component Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Sweden Undercarriage Component Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Sweden Undercarriage Component Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sweden Undercarriage Component Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for construction and mining activities in Sweden leading to increased need for undercarriage components. |
4.2.2 Technological advancements in undercarriage components enhancing their durability and performance. |
4.2.3 Government initiatives promoting infrastructure development projects driving the demand for undercarriage components. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of undercarriage components. |
4.3.2 Intense competition among undercarriage component manufacturers leading to pricing pressures. |
4.3.3 Environmental regulations and sustainability concerns influencing the choice of materials used in undercarriage components. |
5 Sweden Undercarriage Component Market Trends |
6 Sweden Undercarriage Component Market, By Types |
6.1 Sweden Undercarriage Component Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Sweden Undercarriage Component Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 Sweden Undercarriage Component Market Revenues & Volume, By Track Chains, 2021 - 2031F |
6.1.4 Sweden Undercarriage Component Market Revenues & Volume, By Rollers, 2021 - 2031F |
6.1.5 Sweden Undercarriage Component Market Revenues & Volume, By Idlers, 2021 - 2031F |
6.1.6 Sweden Undercarriage Component Market Revenues & Volume, By Sprockets, 2021 - 2031F |
6.2 Sweden Undercarriage Component Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Sweden Undercarriage Component Market Revenues & Volume, By Steel, 2021 - 2031F |
6.2.3 Sweden Undercarriage Component Market Revenues & Volume, By Alloy, 2021 - 2031F |
6.2.4 Sweden Undercarriage Component Market Revenues & Volume, By Cast Iron, 2021 - 2031F |
6.2.5 Sweden Undercarriage Component Market Revenues & Volume, By Forged Steel, 2021 - 2031F |
6.3 Sweden Undercarriage Component Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Sweden Undercarriage Component Market Revenues & Volume, By Construction Equipment, 2021 - 2031F |
6.3.3 Sweden Undercarriage Component Market Revenues & Volume, By Mining Equipment, 2021 - 2031F |
6.3.4 Sweden Undercarriage Component Market Revenues & Volume, By Agricultural Equipment, 2021 - 2031F |
6.3.5 Sweden Undercarriage Component Market Revenues & Volume, By Defense Vehicles, 2021 - 2031F |
7 Sweden Undercarriage Component Market Import-Export Trade Statistics |
7.1 Sweden Undercarriage Component Market Export to Major Countries |
7.2 Sweden Undercarriage Component Market Imports from Major Countries |
8 Sweden Undercarriage Component Market Key Performance Indicators |
8.1 Average age of undercarriage components in use. |
8.2 Number of new construction and mining projects in Sweden. |
8.3 Adoption rate of advanced undercarriage technologies. |
8.4 Percentage of undercarriage components meeting or exceeding industry standards for durability and performance. |
8.5 Rate of compliance with environmental regulations in manufacturing undercarriage components. |
9 Sweden Undercarriage Component Market - Opportunity Assessment |
9.1 Sweden Undercarriage Component Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Sweden Undercarriage Component Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Sweden Undercarriage Component Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sweden Undercarriage Component Market - Competitive Landscape |
10.1 Sweden Undercarriage Component Market Revenue Share, By Companies, 2024 |
10.2 Sweden Undercarriage Component Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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