All updated as on -
In 2022, the total value of this market was estimated at $380,000,000 USD. From 2023 to 2030, it is expected to grow at a CAGR of 9.1 percent, resulting in a total market value of $760.0 million by 2030's end.
Applications where longevity, puncture resistance, and low maintenance are paramount typically employ solid tyres. They find widespread application in industrial trucks, construction machinery, forklifts, and other forms of material handling machinery. As a result of rising demand from a wide range of sectors, the global market has been expanding steadily over the past several years. Rising demand for low-maintenance tyres is being driven by a number of factors, including industrialization and expansion in the construction and mining industries. The increasing demand for high-quality solid rubber tyres is also fueling the expansion of this industry worldwide. Forklifts with solid tyres are also becoming more commonplace in many parts of the world.
Non-pneumatic, or "solid," tyres have no air inside of them. The vast majority of uses for these tyres are found in the industrial and light industrial sectors. Forklifts, field mowers, golf carts, baby carriages, wheelbarrows, and skateboards are just some of the most popular examples of light industrial and private usage vehicles that have solid tyres. They are either made of rubber or some kind of plastic. Because of their increased susceptibility to rolling over, solid tyres are not recommended for fast cars. On the plus side, they are much more resistant to wear and tear than their full-sized counterparts. They are resilient enough to survive having pieces removed or other forms of minimal damage without a replacement available. Solid tyres are commonly used by distribution centres and manufacturers who work with glass products due to their resilience against puncture damage. They can also carry more weight than gas tyres without worrying about blowouts, which makes them suitable for slow industrial operations.
Demand for solid tyres for heavy-duty trucks is rising due to ongoing construction of residential, commercial, and public utility infrastructure. In order to reduce maintenance costs and increase profitability, solid tyres are becoming increasingly popular on construction and mining trucks. Again, the market is being propelled by the increasing preference for solid tyres in demanding applications such as waste management, scrap yards, steel mills, and others. The solid tyre market is expected to grow slowly because of the higher price per tyre compared to pneumatic tyres.
Based on extensive research and the application of analytical methodologies including Porter's Five Forces, Market Attractiveness, and Value Chain Analysis, this report provides a comprehensive picture of the market. The current growth chances can be uncovered with the help of these instruments, which are used to get insights into the market's potential worth. The global solid tyre market is broken down into its component applications and products with the use of these tools.
Forklifts, loaders, excavators, telehandlers, and other forms of heavy-duty material handling equipment are indispensable in the industrial and construction industries. Tyres designed to endure the harsh conditions and heavy weights common in industrial and construction settings are essential for these machines. Solid tyres are the best option because of their higher strength and longevity.
Report Coverage
Global Solid Tires research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solid Tires report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solid Tires competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solid Tires market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solid Tires market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solid Tires market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Superior Tire & Rubber Corp., TY Cushion Tire, NEXEN TIRE, Trelleborg, CAMSO, Global Rubber industries, Initial Appearance LLC, Tube & Solid Tire, Continental AG, Setco Solid Tire & Rim Assembly
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solid Tires market based on the below-mentioned segments:
Global Solid Tires Market, By Type
Cured On Solid Tire
Pressed On Solid Tire
Global Solid Tires market, By Application
Engineering Vehicles
Construction Machinery
Military Vehicles
Industrial Equipment
Agricultural Equipment
Mining Equipment
Other Applications
Global Solid Tires Market, By End User
Commercial
Residential
Government
Global Solid Tires market, Regional Analysis
Applications where longevity, puncture resistance, and low maintenance are paramount typically employ solid tyres. They find widespread application in industrial trucks, construction machinery, forklifts, and other forms of material handling machinery. As a result of rising demand from a wide range of sectors, the global market has been expanding steadily over the past several years. Rising demand for low-maintenance tyres is being driven by a number of factors, including industrialization and expansion in the construction and mining industries. The increasing demand for high-quality solid rubber tyres is also fueling the expansion of this industry worldwide. Forklifts with solid tyres are also becoming more commonplace in many parts of the world.
Non-pneumatic, or "solid," tyres have no air inside of them. The vast majority of uses for these tyres are found in the industrial and light industrial sectors. Forklifts, field mowers, golf carts, baby carriages, wheelbarrows, and skateboards are just some of the most popular examples of light industrial and private usage vehicles that have solid tyres. They are either made of rubber or some kind of plastic. Because of their increased susceptibility to rolling over, solid tyres are not recommended for fast cars. On the plus side, they are much more resistant to wear and tear than their full-sized counterparts. They are resilient enough to survive having pieces removed or other forms of minimal damage without a replacement available. Solid tyres are commonly used by distribution centres and manufacturers who work with glass products due to their resilience against puncture damage. They can also carry more weight than gas tyres without worrying about blowouts, which makes them suitable for slow industrial operations.
Demand for solid tyres for heavy-duty trucks is rising due to ongoing construction of residential, commercial, and public utility infrastructure. In order to reduce maintenance costs and increase profitability, solid tyres are becoming increasingly popular on construction and mining trucks. Again, the market is being propelled by the increasing preference for solid tyres in demanding applications such as waste management, scrap yards, steel mills, and others. The solid tyre market is expected to grow slowly because of the higher price per tyre compared to pneumatic tyres.
Based on extensive research and the application of analytical methodologies including Porter's Five Forces, Market Attractiveness, and Value Chain Analysis, this report provides a comprehensive picture of the market. The current growth chances can be uncovered with the help of these instruments, which are used to get insights into the market's potential worth. The global solid tyre market is broken down into its component applications and products with the use of these tools.
Forklifts, loaders, excavators, telehandlers, and other forms of heavy-duty material handling equipment are indispensable in the industrial and construction industries. Tyres designed to endure the harsh conditions and heavy weights common in industrial and construction settings are essential for these machines. Solid tyres are the best option because of their higher strength and longevity.
Report Coverage
Global Solid Tires research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solid Tires report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solid Tires competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solid Tires market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Superior Tire & Rubber Corp., TY Cushion Tire, NEXEN TIRE, Trelleborg, CAMSO, Global Rubber industries, Initial Appearance LLC, Tube & Solid Tire, Continental AG, Setco Solid Tire & Rim Assembly |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Solid Tires Market from 2021 to 2030.
- Market Forecast for Solid Tires Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Solid Tires competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Solid Tires
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solid Tires market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solid Tires market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Superior Tire & Rubber Corp., TY Cushion Tire, NEXEN TIRE, Trelleborg, CAMSO, Global Rubber industries, Initial Appearance LLC, Tube & Solid Tire, Continental AG, Setco Solid Tire & Rim Assembly
Primary Target Market
- Market Players of Solid Tires
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solid Tires market based on the below-mentioned segments:
Global Solid Tires Market, By Type
Cured On Solid Tire
Pressed On Solid Tire
Global Solid Tires market, By Application
Engineering Vehicles
Construction Machinery
Military Vehicles
Industrial Equipment
Agricultural Equipment
Mining Equipment
Other Applications
Global Solid Tires Market, By End User
Commercial
Residential
Government
Global Solid Tires market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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