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:
The regional analysis covers:
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:
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