Report Overview
Press-On Tyres, also known as solid resilient tyres, are a type of industrial tire commonly used in material handling equipment such as forklifts and other heavy-duty vehicles. These tyres are made of solid rubber or polyurethane and do not require air for inflation, making them puncture-proof and ideal for tough working environments. Press-On Tyres offer benefits such as reduced downtime, lower maintenance costs, and longer service life compared to pneumatic tyres.
The global Press-On Tyres market size in 2023 was approximately USD 780 million, with a projected Compound Annual Growth Rate (CAGR) of 5.8% from 2024 to 2032. This growth can be attributed to several key drivers and market forces. Firstly, the increasing demand for electric forklifts and other material handling equipment in industries such as logistics, manufacturing, and construction is driving the adoption of Press-On Tyres. These tyres are preferred for electric vehicles due to their durability and maintenance advantages.
Moreover, the growing emphasis on workplace safety and efficiency is prompting companies to invest in high-quality tyres like Press-On Tyres to ensure smooth operations and reduce the risk of accidents. Additionally, the expansion of e-commerce and warehousing sectors globally is fueling the demand for material handling equipment, thereby boosting the market for Press-On Tyres.
One prominent trend in the Press-On Tyres market is the development of advanced composite materials that enhance tyre performance and durability. Manufacturers are investing in research and development to create Press-On Tyres with improved traction, load-bearing capacity, and resistance to wear and tear. This trend is driven by the need for tyres that can withstand harsh operating conditions and provide better overall efficiency.
Another trend is the increasing adoption of automation and IoT technologies in material handling equipment, leading to the integration of smart tyres. These smart Press-On Tyres come equipped with sensors that monitor factors like temperature, pressure, and wear, enabling predictive maintenance and optimizing vehicle performance. This trend is expected to gain traction as industries focus on enhancing operational efficiency and reducing downtime.
In terms of regional market distribution, North America and Europe are leading markets for Press-On Tyres due to the presence of established industries and stringent safety regulations. These regions prioritize workplace safety and invest in high-quality equipment, including Press-On Tyres, to ensure smooth operations. Asia-Pacific is also a significant market, driven by rapid industrialization, infrastructure development, and the expansion of e-commerce platforms.
Key challenges facing the Press-On Tyres market include the impact of raw material price fluctuations on manufacturing costs, increasing competition from pneumatic and foam-filled tyres, and the need for continuous innovation to meet evolving customer demands. Overcoming these challenges will require manufacturers to focus on cost optimization, product differentiation, and sustainable practices to maintain a competitive edge in the market.
This report provides a deep insight into the global Press-On Tyres market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Press-On Tyres Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Press-On Tyres market in any manner.
Global Press-On Tyres Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Camso
Continental Tire
Trelleborg Wheel Systems
Hankook Tire
Emerald Resilient Tyres
Magna Tyres
VELOX TYRESPVT
Industrial Rubber Company
Grand Harvest Co.Ltd.
Sterling Solid Tyres (P) Ltd
SETCO
Big Tyre
BGN Industrial Tyres
Firestone
Asha Rubber Industries
Goodtime Rubber Co. Ltd.
MEL Services
NEXEN
TY Cushion Tire
WonRay Rubber Tire
Royal Tyres
Market Segmentation (by Type)
Cylindrical Solid Tire
Oblique Bottom Solid Tire
Market Segmentation (by Application)
Light Vehicle
Heavy Duty Vehicle
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Press-On Tyres Market
• Overview of the regional outlook of the Press-On Tyres Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Press-On Tyres Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.