The global demand for Solid Tire Market is presumed to reach the market size of nearly USD 912.42 Million by 2032 from USD 415.97 Million in 2023 with a CAGR of 9.12% under the study period 2024 - 2032. By volume, the market was estimated XX Thousand Units in 2023 and is expected to reach XX Thousand Units by 2032 with a CAGR of XX%.
Solid tires are the airless tires that are extremely durable, stable, puncture resistant, and maintenance free. Solid tires are also known as airless tires or non-pneumatic tires. These tires are either made up of solid rubber or molded with plastic compounds. They posses high load bearing capacity and thus used in lawn mowers, forklift trucks, tractors, motorized golf carts, platform vehicles and other heavy load bearing capacity vehicles.
Market Dynamics
Ongoing construction activities of the residential, commercial and public utility infrastructure are driving the demand of solid tires for high weight bearing vehicles. Growing usage of solid tires in construction and mining vehicles to cut maintenance cost and improve profitability is further fueling the market growth. Rising adoption of solid tires owing to durable, maintenance free, puncture resistant across waste handling, scrap yards, steel mills and other harsh application areas is again pushing the market growth. However, high cost of solid tire over pneumatic tires is projected to hold the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of solid tire.
Market Segmentation
The broad solid tire market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Curled On Solid Tires
- Super-elastic Tires
- Press-on Bands
By Type
- Stick Tires
- Non-stick Tires
By Construction
- 2-layer Solid Rubber Tires
- 3-layer Solid Rubber Tires
- Special Solid Rubber Tires
By Application
- Industrial (Scrap Handling)
- Mining & Earthmoving
- Underground Mining
- Construction
- Port & Terminal
- Agricultural
- Material Handling
- Trucking / Load Hauling
- Logistic Centers
- Food Industry & Pharmaceutical Industry
- Engineering Vehicles
- Military Vehicles
- Others
By Vehicle Type
- Dozers
- Forklifts
- Forklifts - Rough Terrains
- Loaders
- Mobile Excavators
- Skid Steer Loaders
- Telescopic Handlers
- Terminal Tractors
- Trailers
- Trucks
- Platform Trucks
- Others
By Rim Size
- Up to 8 Inch
- 8 Inch - 12 Inch
- 12 Inch - 16 Inch
- 16 Inch - 20 Inch
- 20 Inch - 25 Inch
- Above 25 Inch
By Utility
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for solid tire in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Solid Tire Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Solid Tire market include CAMSO, Continental AG, Global Rubber Industries, Initial Appearance LLC, Nexen Tire, Setco Solid Tire & Rim Assembly, Superior Tire & Rubber Corp., Trelleborg AB, Tube & Solid Tire, TY Cushion Tire, Magna Tyres, Affix Cold Tread Company, Load-Star Solid Tyres Pvt. Ltd., IRC Tire, JK Tyre. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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