Market Overview:
The global pneumatic tires for industrial truck (forklift) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for forklifts in various industries, such as factories, stations, ports, airports, distribution centers and others. Additionally, the growing awareness about safety norms and regulations is also propelling the growth of this market. On the basis of type, solid pneumatic tires are expected to dominate the global pneumatic tires for industrial truck (forklift) market during the forecast period from 2018 to 2030. This can be attributed to their high durability and resistance against wear and tear as compared with other types of pneumatic tires available in the market. On account of these factors, solid pneumatic tires are being increasingly adopted by various end-use industries across different regions worldwide.
 Industry Outlook.svg)
Product Definition:
A pneumatic tire is a type of tire that contains pressurized air within its carcass, which is usually made of rubber.
Solid Pneumatic Tire:
Solid Pneumatic Tire (SPT) is a type of pneumatic tire that uses solid rubber to provide the majority of its rolling resistance. The SPT has lower rolling resistance than an air filled pneumatic tire and hence provides an improved fuel efficiency. SPTs are used in heavy-duty applications owing to their high load carrying capacity, low road noise & vibration, better traction on wet & dry roads and excellent durability.
Pneumatic Tire:
Pneumatic tire is a type of tire which is used in heavy-duty applications. The pneumatic tires are made up of rubber and plastic material. It has an inner liner made up of foam, which acts as a cushion to the road surface and an outer layer that provides puncture resistance. The pneumatic tires are filled with compressed air or nitrogen gas through the valve located at the rim, this helps in providing stability to vehicles on uneven surfaces by making them contactless.
Application Insights:
The stations application segment led the global market in 2017. The stations are majorly used for loading and unloading of goods from trucks to warehouses, distribution centers, shops and markets. Pneumatic tires with a large air volume capacity provide stability in adverse conditions such as wet grass, snow or ice on roads. These tires also have a high traction force which provides safety while driving on slippery surfaces.
Solid pneumatic tire is widely used for factories due to its ability to carry heavy loads over varied terrain including concrete roadways with smooth edges and rough patches along with the hilly areas without any difficulty.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 45% in 2017 owing to high product demand from industries including ports, airports, and distribution centers. China is one of the major manufacturing hubs across this region due to low labor costs as well as easy availability of raw materials such as steel plate, rubber matting strips, etc. This factor has led to an increase in industrial activities across this region which will further boost product demand over the next eight years.
Europe was another prominent regional segment accounting for a revenue share of more than 20% in 2017 owing to growing adoption by enterprises operating within logistics sector including ports & terminals and warehousing facilities coupled with increasing road infrastructure development projects undertaken by governments across countries such as Germany and Italy are anticipated favorably impact industry growth over next eight years.
Growth Factors:
- Increasing demand for forklift trucks in the material handling and logistics sector
- Rising adoption of electric forklift trucks in warehouses and distribution centers
- Growing demand for pneumatic tires in Asia Pacific region
- Technological advancements in forklift truck design and manufacturing process
- Proliferation of online retailing that is resulting in increased demand for warehouse space
Scope Of The Report
Report Attributes
Report Details
Report Title
Pneumatic Tires for Industrial Truck (Forklift) Market Research Report
By Type
Solid Pneumatic Tire, Pneumatic Tire
By Application
Factories, Stations, Ports, Airports, Distribution Centers, Others
By Companies
Camso Solideal, Trelleborg Group, CST, Continental, Chaoyang, Aichi, Hankook, Advance, V.S. INDUSTRY TYRES, TOKAI Solid Tire, Maxam Tire, Mitas, Millennium Tire
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Pneumatic Tires for Industrial Truck (Forklift) Market Report Segments:
The global Pneumatic Tires for Industrial Truck (Forklift) market is segmented on the basis of:
Types
Solid Pneumatic Tire, Pneumatic 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
Factories, Stations, Ports, Airports, Distribution Centers, Others
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:
- Camso Solideal
- Trelleborg Group
- CST
- Continental
- Chaoyang
- Aichi
- Hankook
- Advance
- V.S. INDUSTRY TYRES
- TOKAI Solid Tire
- Maxam Tire
- Mitas
- Millennium Tire
 Market Overview.svg)
Highlights of The Pneumatic Tires for Industrial Truck (Forklift) 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:
- Solid Pneumatic Tire
- Pneumatic Tire
- By Application:
- Factories
- Stations
- Ports
- Airports
- Distribution Centers
- Others
- 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 Pneumatic Tires for Industrial Truck (Forklift) 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Pneumatic tires are used on industrial trucks (forklift) to improve traction and reduce the risk of skidding.
Some of the major companies in the pneumatic tires for industrial truck (forklift) market are Camso Solideal, Trelleborg Group, CST, Continental, Chaoyang, Aichi, Hankook, Advance, V.S. INDUSTRY TYRES, TOKAI Solid Tire, Maxam Tire, Mitas, Millennium Tire.
The pneumatic tires for industrial truck (forklift) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pneumatic Tires for Industrial Truck (Forklift) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pneumatic Tires for Industrial Truck (Forklift) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pneumatic Tires for Industrial Truck (Forklift) Market - Supply Chain
4.5. Global Pneumatic Tires for Industrial Truck (Forklift) Market Forecast
4.5.1. Pneumatic Tires for Industrial Truck (Forklift) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pneumatic Tires for Industrial Truck (Forklift) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pneumatic Tires for Industrial Truck (Forklift) Market Absolute $ Opportunity
5. Global Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Type
5.3.1. Solid Pneumatic Tire
5.3.2. Pneumatic Tire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Application
6.3.1. Factories
6.3.2. Stations
6.3.3. Ports
6.3.4. Airports
6.3.5. Distribution Centers
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pneumatic Tires for Industrial Truck (Forklift) Demand Share Forecast, 2019-2026
9. North America Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Application
9.4.1. Factories
9.4.2. Stations
9.4.3. Ports
9.4.4. Airports
9.4.5. Distribution Centers
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Type
9.7.1. Solid Pneumatic Tire
9.7.2. Pneumatic Tire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pneumatic Tires for Industrial Truck (Forklift) Demand Share Forecast, 2019-2026
10. Latin America Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Application
10.4.1. Factories
10.4.2. Stations
10.4.3. Ports
10.4.4. Airports
10.4.5. Distribution Centers
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Type
10.7.1. Solid Pneumatic Tire
10.7.2. Pneumatic Tire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pneumatic Tires for Industrial Truck (Forklift) Demand Share Forecast, 2019-2026
11. Europe Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Application
11.4.1. Factories
11.4.2. Stations
11.4.3. Ports
11.4.4. Airports
11.4.5. Distribution Centers
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Type
11.7.1. Solid Pneumatic Tire
11.7.2. Pneumatic Tire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pneumatic Tires for Industrial Truck (Forklift) Demand Share, 2019-2026
12. Asia Pacific Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Application
12.4.1. Factories
12.4.2. Stations
12.4.3. Ports
12.4.4. Airports
12.4.5. Distribution Centers
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Type
12.7.1. Solid Pneumatic Tire
12.7.2. Pneumatic Tire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pneumatic Tires for Industrial Truck (Forklift) Demand Share, 2019-2026
13. Middle East & Africa Pneumatic Tires for Industrial Truck (Forklift) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Application
13.4.1. Factories
13.4.2. Stations
13.4.3. Ports
13.4.4. Airports
13.4.5. Distribution Centers
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pneumatic Tires for Industrial Truck (Forklift) Market Size and Volume Forecast by Type
13.7.1. Solid Pneumatic Tire
13.7.2. Pneumatic Tire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pneumatic Tires for Industrial Truck (Forklift) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pneumatic Tires for Industrial Truck (Forklift) Market: Market Share Analysis
14.2. Pneumatic Tires for Industrial Truck (Forklift) Distributors and Customers
14.3. Pneumatic Tires for Industrial Truck (Forklift) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Camso Solideal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Trelleborg Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CST
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Continental
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chaoyang
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aichi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hankook
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Advance
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. V.S. INDUSTRY TYRES
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TOKAI Solid Tire
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Maxam Tire
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mitas
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Millennium Tire
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
