As per this study the Global Solid Tire Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 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.
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.
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.
- Curled On Solid Tire
- Pressed On Solid Tire
- Engineered Vehicle
- Construction Machinery
- Military Vehicle
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, Tube & Solid Tire and TY Cushion Tire among others. 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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.