Pneumatic Tires for Industrial Truck (Forklift) Market Size and Growth Forecast: Global Insights and Analysis
Report ID : 1352406 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Pneumatic Tires For Industrial Truck (Forklift) Market is categorized based on Tire Type (Solid Pneumatic Tires, Air-filled Pneumatic Tires) and Load Capacity (Light Duty, Medium Duty, Heavy Duty) and End-use Industry (Warehousing, Construction, Manufacturing, Retail, Logistics) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
As of 2023, the Pneumatic Tires For Industrial Truck (Forklift) Market size stood at $3.5 billion and is expected to attain $5.6 billion by 2033, growing at a 4.9% CAGR from 2024 through 2033. The report includes diverse segments and offers an analysis of trends and factors substantially impacting the market.
The Pneumatic Tires for Industrial Truck (Forklift) Market is extremely important for materials handling operations across different industries. Companies are currently looking to improve their logistics and supply chains which, in turn, has increased the need for industrial forklift tires. The adaptability of pneumatic tires, along with their shock absorption and excellent traction, makes them suitable for a wide range of industrial applications. This information further highlights the need to understand the market, technology, and consumers in order to leverage the trends present for growth in this sector.
Supply and warehousing for the industry is rapidly evolving and needs advanced operational equipment. Pneumatic tires further improve the operation efficiency of forklifts with regard to vertically automated staplers (VAS) and other forms of machinery like conveyors and mechanized storage, forwarding/buffer storage systems. Industries require specialized tire products designed to specific operational requirements due to the rapid adoption of automation and advanced material handling processes. Primary objectives of this market study is to provide relevant sccoped data focusing on the trends, problems, and potential within the market of Pneumatic Tires for Industrial Trucks (Forklift) so that businesses can devise strategies to gain a competitive edge.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Bridgestone Corporation, Michelin, Continental AG, Goodyear Tire & Rubber Company, Trelleborg AB, Yokohama Rubber Company, Pirelli & C. S.p.A., Hankook Tire, Sumitomo Rubber Industries, BKT Tires, Maxam Tire, Alliance Tire Group |
| SEGMENTS COVERED |
By Tire Type - Solid Pneumatic Tires, Air-filled Pneumatic Tires
By Load Capacity - Light Duty, Medium Duty, Heavy Duty
By End-use Industry - Warehousing, Construction, Manufacturing, Retail, Logistics
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Pneumatic Tires For Industrial Truck (Forklift) Market Dynamics
The Pneumatic Tires For Industrial Truck (Forklift) Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Pneumatic Tires For Industrial Truck (Forklift) Market Segmentations
Market Breakup by Tire Type
- Overview
- Solid Pneumatic Tires
- Air-filled Pneumatic Tires
Market Breakup by Load Capacity
- Overview
- Light Duty
- Medium Duty
- Heavy Duty
Market Breakup by End-use Industry
- Overview
- Warehousing
- Construction
- Manufacturing
- Retail
- Logistics
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Pneumatic Tires For Industrial Truck (Forklift) Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Bridgestone Corporation
- Michelin
- Continental AG
- Goodyear Tire & Rubber Company
- Trelleborg AB
- Yokohama Rubber Company
- Pirelli & C. S.p.A.
- Hankook Tire
- Sumitomo Rubber Industries
- BKT Tires
- Maxam Tire
- Alliance Tire Group
Customization Options
Verified Industry Insights offers one of the following report customization options to our respectable clients :
Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved