Forklift Tire Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Forklift tires are a type of industrial off-the-road tires that are used for special purpose applications such as that on forklifts. Forklift tires have a smaller diameter and generally the rims are between 8 to 10 inches.

Recovery of the global economy has boosted industrialization and is driving the sales of forklifts, which in turn boosting the demand for forklifts tires. Expansion of retail and e-commerce industries has led to higher sales of forklifts, which in turn is driving the forklift tire market. Increasing Industrialization in developing countries such as India, Mexico, and Brazil is further expected to drive the use of forklifts and propel the demand of the forklift tires. The market is witnessing a trend of non-marking tires, as the food industry and hygiene product companies are demanding tires that do not leave carbon marks. The EU has enacted regulations on tire manufacturers to control the emission of carbon black, which in turn is fueling the demand for non-marking type forklift tires

The global forklift tire market can be segmented based on tire type, forklift type, sales channel, and region. Based on tire type, the forklift tire market can be classified into cushion tires, solid pneumatic tires, air-filled pneumatic tires, polyurethane, and non-marking tires. Cushion tires are solid tires that can be directly fitted onto the wheels. Cushion tires offer smaller turning radii and are widely preferred in indoor applications and outdoor paved surfaces. The solid pneumatic tires accounted for a major share of the global forklift tire market. Solid pneumatic tires can be used for a combination of indoor and outdoor applications. The solid pneumatic tires segment is estimated to expand at a steady pace owing to the expansion of warehousing and logistics industries. Pneumatic air-filled tires are similar to conventional car tires and provide good traction and are efficient in outdoor applications. Demand for polyurethane tires is rising owing to their light weight and low-rolling resistance. Polyurethane tires are also having twice the lifespan as compared to that offered by rubber tires. Therefore, polyurethane tires are preferred for indoor industrial shop floors and warehouses.

Based on forklift type, the forklift tire market can be divided into electric forklift and IC engine forklift. The electric forklift segment is anticipated to expand at a high growth rate during the forecast period owing to their rising preference for material handling applications.

In terms of sales channel, the global forklift tire market can be bifurcated into OEM and aftermarket. The aftermarket segment accounted for a prominent share of the forklift tire market owing to the wear & tear nature of tires, which demand periodic replacement.

Based on region, the global forklift tire market is segmented under North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific leads the global forklift tire market owing to the presence of a large number of forklifts in China. Asia Pacific, followed by Europe and North America.

Key players operating in the global forklift tire market are Trelleborg AB, Michelin, Continental AG, Balkrishna Industries Limited, and Mitas.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Chapter 1.   Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.   Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.   Executive Summary

3.1.  Market Snapshot

Chapter 4.   Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.   Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.   Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.   Global Forklift Tire Market, By Type

7.1.  Forklift Tire Market, by Type, 2021-2027

7.1.1.     Electric

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     IC Engine

7.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.   Global Forklift Tire Market, By Tire Type

8.1.  Forklift Tire Market, by Tire Type, 2021-2027

8.1.1.     Pneumatic Tire

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Solid Tire

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Cushion Tire

8.1.3.1.          Market Revenue and Forecast (2016-2027)

8.1.4.     Polyurethane Tire

8.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.   Global Forklift Tire Market, By Sales Channel

9.1.  Forklift Tire Market, by Sales Channel, 2021-2027

9.1.1.     OEM

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Aftermarket

9.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.       Global Forklift Tire Market, Regional Estimates and Trend Forecast

10.1.         North America

10.1.1.  Market Revenue and Forecast, by Type (2016-2027)

10.1.2.  Market Revenue and Forecast, by Tire Type (2016-2027)

10.1.3.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.1.4.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.1.4.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.1.5.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.1.5.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.         Europe

10.2.1.  Market Revenue and Forecast, by Type (2016-2027)

10.2.2.  Market Revenue and Forecast, by Tire Type (2016-2027)

10.2.3.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.4.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.2.4.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.5.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.2.5.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.6.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.2.6.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, by Type (2016-2027)

10.2.7.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.2.7.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.         APAC

10.3.1.  Market Revenue and Forecast, by Type (2016-2027)

10.3.2.  Market Revenue and Forecast, by Tire Type (2016-2027)

10.3.3.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.4.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.3.4.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.5.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.3.5.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.6.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.3.6.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, by Type (2016-2027)

10.3.7.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.3.7.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.         MEA

10.4.1.  Market Revenue and Forecast, by Type (2016-2027)

10.4.2.  Market Revenue and Forecast, by Tire Type (2016-2027)

10.4.3.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.4.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.4.4.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.5.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.4.5.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.6.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.4.6.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, by Type (2016-2027)

10.4.7.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.4.7.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.5.         Latin America

10.5.1.  Market Revenue and Forecast, by Type (2016-2027)

10.5.2.  Market Revenue and Forecast, by Tire Type (2016-2027)

10.5.3.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, by Type (2016-2027)

10.5.4.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.5.4.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, by Type (2016-2027)

10.5.5.2.       Market Revenue and Forecast, by Tire Type (2016-2027)

10.5.5.3.       Market Revenue and Forecast, by Sales Channel (2016-2027)

Chapter 11.  Company Profiles

11.1.                 Trelleborg AB

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 Michelin

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 Continental AG

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 Balkrishna Industries Limited

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 Mitas

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

Chapter 12.  Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.  Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

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