Global Forklift Tire Market Report By Tire Type (Pneumatic Fires, Solid Tires, Cushion Tires, Polyurethane Times), By Sales Channel (OEM, Aftermarket), By Class (Class 1: Electric Motor Rider Trucks, Class 2: Electric Motor Narrow Aisle Trucks, Class 3: Electric Motor Hand Trucks or Hand/Rider Trucks, Class 4: Internal Combustion Engine Trucks Solid/cushion Tires, Class 5: Internal Combustion Engine Trucks (Pneumatic Tires)), By Application (Retail Wholesale, Transport/ Logistics, Manufacturing, Automotive, Ports/ Terminals, Mining & Construction, Chemical Forgy, Forestry/ Wood, Others), By Tire Size (Less Than 4, 6, 8, 9, 10, 12, 13, 15, 20, More Than 21) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Forklift Tire Market is presumed to reach the market size of nearly USD 3.66 BN by 2030 from USD 2.56 BN in 2022 with a CAGR of 4.58% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Thousand Units in 2022 and forecast to touch XX Thousand Units by 2030 with a CAGR of XX% during 2023-2030.

A forklift tire is a specialized tire designed for use on forklifts and other industrial material handling equipment. These tires are essential components of forklifts, providing the necessary traction, stability, and load-bearing capabilities required for efficient and safe operation in various industrial settings.

Market Dynamics

The Forklift tire market is propelled by various factors reflecting the demand for robust and high-performance tires in industrial material handling. Global industrialization, driven by growth in manufacturing, construction, and logistics, fuels the need for efficient forklifts and, consequently, specialized tires. The surge in e-commerce, extensive warehousing, and the expansion of construction and infrastructure projects contribute to the increasing demand for forklift tires suitable for diverse environments. Automotive manufacturing reliance on forklifts further boosts market growth. Ongoing replacement and maintenance needs, technological advancements enhancing tire durability, and a focus on safety and efficiency in material handling processes sustain demand. Environmental sustainability considerations drive the development of eco-friendly tire options. Additionally, global supply chain dynamics, regulatory compliance, and economic growth collectively stimulate the forklift tire market, making it a pivotal component in industrial material handling solutions.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of forklift tire. The growth and trends of Forklift Tire Industry provide a holistic approach to this study. 

Market Segmentation

This section of the forklift tire market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Tire Type

• Pneumatic Fires
• Solid Tires
• Cushion Tires
• Polyurethane Times

By Sales Channel

• OEM
• Aftermarket

By Class

• Class 1: Electric Motor Rider Trucks
• Class 2: Electric Motor Narrow Aisle Trucks
• Class 3: Electric Motor Hand Trucks Or Hand/Rider Trucks
• Class 4: Internal Combustion Engine Trucks Solid/Cushion Tires)
• Class 5: Internal Combustion Engine Trucks (Pneumatic Tires)

By Application

• Retail Wholesale
• Transport/ Logistics
• Manufacturing
• Automotive
• Ports/ Terminals
• Mining & Construction
• Chemical Forgy
• Forestry/ Wood
• Others

By Tire Size

• Less Than 4
• 6
• 8
• 9
• 10
• 12
• 13
• 15
• 20
• More Than 21

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Forklift Tire market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Forklift Tire Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the forklift tire market include Yokohama Off-Highway Tires, Balkrishna Industries Limited, Bridgestone, Camso, Chine National Tire & Rubber Co. Ltd., Continental AG, Hankook Tire & Technology, IRC Tyre Industrial Rubber Company, Magna Tyres, Maxam Tires, Michelin, Nokian Tyres plc, Sumitomo Rubber Industries Ltd, The Advance Tire Inc, Trelleborg AB, TVH, Other Key Players. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.