Report Overview
Solid tires are a type of tire that does not contain any air-filled cavities within the tire structure. These tires are known for their durability and resistance to punctures, making them ideal for heavy-duty industrial applications such as forklifts, industrial vehicles, and construction equipment. Solid tires are typically made of rubber compounds and are designed to withstand rough terrain and heavy loads, providing stability and reliability in demanding environments.
The global solid tire market was valued at approximately $5.2 billion in 2023. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.8% from 2024 to 2032, reaching a projected value of $8.7 billion by the end of the forecast period. Key drivers of this growth include the increasing demand for material handling equipment in industries such as manufacturing, logistics, and construction, where solid tires are preferred for their durability and low maintenance requirements. Additionally, the growth of the construction industry and the expansion of e-commerce logistics are driving the demand for solid tires globally.
One of the prominent trends in the solid tire market is the growing adoption of advanced materials and manufacturing technologies to enhance tire performance and longevity. Manufacturers are investing in research and development to introduce innovative rubber compounds and tread designs that improve traction, reduce rolling resistance, and increase overall tire lifespan. For example, the use of specialized rubber formulations with high wear resistance properties is becoming more common in solid tire production.
Another trend shaping the market is the increasing focus on sustainability and environmental impact. As companies strive to reduce their carbon footprint and comply with stringent regulations, there is a rising demand for eco-friendly solid tires made from recycled materials or bio-based compounds. This trend is driving innovation in tire recycling technologies and sustainable manufacturing practices within the industry.
In terms of regional market distribution, Asia Pacific is expected to lead the solid tire market due to the rapid industrialization and infrastructure development in countries like China and India. The growing e-commerce sector in the region is also fueling the demand for material handling equipment, further boosting the solid tire market. North America and Europe are mature markets for solid tires, with a strong presence of established manufacturers and a focus on technological advancements in tire design and production.
Despite the positive growth outlook, the solid tire market faces challenges such as intense competition among key players, price volatility of raw materials like rubber, and the impact of economic fluctuations on industrial activities. Manufacturers need to focus on product differentiation, quality control, and strategic partnerships to stay competitive in the market and address these challenges effectively.
In conclusion, the global solid tire market is poised for steady growth driven by increasing industrial activities, technological advancements, and sustainability initiatives. Manufacturers that innovate, adapt to market trends, and address key challenges will be well-positioned to capitalize on the opportunities presented by this dynamic market landscape.
This report provides a deep insight into the global Solid Tyre 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 Solid Tyre 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 Solid Tyre market in any manner.
Global Solid Tyre 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
TY Cushion Tire
Setco Solid Tire＆Rim Assembly
Continental
MICHELIN
Trelleborg AB
NEXEN TIRE AMERICA
Tube＆Solid Tire
Superior Tire＆Rubber
Global Rubber industries（GRI）
CAMSO
Magna Tyres Group
Industrial Rubber Company
Emerald Tires
Decadura
Solid King Tyre
Kelucktyre
Maxam Tire
King-Tire
Komachi Solid Tire
Market Segmentation (by Type)
Curled On Tyres
Pressed On Tyres
Resilient Tyres
Others
Market Segmentation (by Application)
Industrial Equipment (Forklift)
Ground Support Equipment
Port and Terminal Equipment
Compact Equipment
Others
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 Solid Tyre Market
• Overview of the regional outlook of the Solid Tyre 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 Solid Tyre 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.