Market Overview:
The global forklift solid tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forklifts in various industrial applications, such as warehouses, construction sites, and ports. In addition, the growing demand for backhoe & excavators and other equipment that use forklift solid tires is also contributing to the growth of this market. Based on type, cured-on solid tires are expected to account for a larger share of the global forklift solid tire market than pressed-on solid tires during the forecast period. This can be attributed to their superior performance characteristics as compared with pressed-on solid tires.
Product Definition:
A forklift solid tire is a rubber wheel that is specifically designed to be used on a forklift. These tires are much thicker and heavier than traditional car or truck tires, which allows them to handle the weight of the forklift without breaking. Forklift solid tires are also resistant to punctures and tears, making them ideal for industrial applications where safety is a concern.
Cured-On Solid Tire:
Cured-on-solid tire is a new product category that emerged in the market with a unique tread pattern and carcass design. The concept of cured on solid tire was first introduced by Bridgestone, an international rubber goods manufacturer based in Japan. Cured on solid tires are manufactured using natural as well as synthetic rubber materials and exhibit superior properties such as high strength, durability along with improved traction than conventional pneumatic tires.
Pressed-On Solid Tire:
The pressed-on solid tire and it’s usage in forklift solid tire market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes increasing demand for lightweight vehicles, which has led to a rise in adoption of light-weight tires among consumers. In addition, growing industrialization across developing economies is also anticipated to drive product demand over the next few years.
Moreover, technological advancements such as improved durability.
Application Insights:
The other application segment includes the use of solid tires for trucks, tractors and other agricultural machinery. The growth in this segment can be attributed to the increase in demand for construction and mining products. In addition, factors such as technological advancements coupled with innovations in product design are expected to drive the market over the forecast period. For instance, Bridgestone launched a new product named ¢â‚¬Å“Taurus¢â‚¬ which is a tire designed especially for agricultural vehicles.
The forklift application segment accounted for more than 40% of total revenue share in 2017 owing to high usage rates of these products across various industries including food & beverage, chemical, paper & pulp among others. The growing popularity of industrial automation along with rising demand from warehouse facilities is expected to propel industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing industrialization, especially in China and India. In addition, rising construction activities due to rapid urbanization are also likely to drive product demand over the next eight years.
The Europe market was valued at USD X million in 2017 owing to growing awareness regarding safety standards coupled with stringent regulations by OSHA and other regulatory bodies pertainingto employee health & safety is projectedto drive product demand over the forecast period North America region accounted for a significant share of revenue owing toproducers based there that have been quick at adopting new technologies as well as coming up with new products that meet customer requirements better than existing alternatives do thus driving forklift solid tires sales volume higherthan anticipated during economic downturns or recessionsIn addition, high levels of automation across various industries such as food & beverage; logistics; automotive; marine; oil & gas etc.
Growth Factors:
- Increasing demand for forklift solid tires from the automotive and construction industries due to the growing need for material handling equipment.
- Rising popularity of forklift solid tires among small and medium-sized businesses due to their low cost and easy installation.
- Growing demand for forklift solid tires in developing countries as a result of the increasing industrialization and urbanization rates.
- Technological advancements that have led to the development of more durable, fuel-efficient, and eco-friendly forklift solid tires.
Scope Of The Report
Report Attributes
Report Details
Report Title
Forklift Solid Tire Market Research Report
By Type
Cured-On Solid Tire, Pressed-On Solid Tire
By Application
Forklift, Backhoe & Excavators, Other
By Companies
Continental AG, Trelleborg, NEXEN Corporation, Tube & Solid Tire, Global Rubber Industries, Superior Tire & Rubber Corp, Initial Appearance LLC, CAMSO, Continental AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Forklift Solid Tire Market Report Segments:
The global Forklift Solid Tire market is segmented on the basis of:
Types
Cured-On Solid Tire, Pressed-On Solid Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Forklift, Backhoe & Excavators, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental AG
- Trelleborg
- NEXEN Corporation
- Tube & Solid Tire
- Global Rubber Industries
- Superior Tire & Rubber Corp
- Initial Appearance LLC
- CAMSO
- Continental AG
Highlights of The Forklift Solid Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cured-On Solid Tire
- Pressed-On Solid Tire
- By Application:
- Forklift
- Backhoe & Excavators
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forklift Solid Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forklift Solid Tire is a type of tire specifically designed for forklifts. It is made from a heavy-duty rubber compound that provides superior traction and durability.
Some of the major players in the forklift solid tire market are Continental AG, Trelleborg, NEXEN Corporation, Tube & Solid Tire, Global Rubber Industries, Superior Tire & Rubber Corp, Initial Appearance LLC, CAMSO, Continental AG.
The forklift solid tire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forklift Solid Tire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Forklift Solid Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forklift Solid Tire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Forklift Solid Tire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Forklift Solid Tire Market Size & Forecast, 2020-2028
4.5.1 Forklift Solid Tire Market Size and Y-o-Y Growth
4.5.2 Forklift Solid Tire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cured-On Solid Tire
5.2.2 Pressed-On Solid Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Forklift
6.2.2 Backhoe & Excavators
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forklift Solid Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Forklift Solid Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cured-On Solid Tire
9.6.2 Pressed-On Solid Tire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Forklift
9.10.2 Backhoe & Excavators
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cured-On Solid Tire
10.6.2 Pressed-On Solid Tire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Forklift
10.10.2 Backhoe & Excavators
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cured-On Solid Tire
11.6.2 Pressed-On Solid Tire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Forklift
11.10.2 Backhoe & Excavators
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cured-On Solid Tire
12.6.2 Pressed-On Solid Tire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Forklift
12.10.2 Backhoe & Excavators
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cured-On Solid Tire
13.6.2 Pressed-On Solid Tire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Forklift
13.10.2 Backhoe & Excavators
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Forklift Solid Tire Market: Competitive Dashboard
14.2 Global Forklift Solid Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental AG
14.3.2 Trelleborg
14.3.3 NEXEN Corporation
14.3.4 Tube & Solid Tire
14.3.5 Global Rubber Industries
14.3.6 Superior Tire & Rubber Corp
14.3.7 Initial Appearance LLC
14.3.8 CAMSO
14.3.9 Continental AG
