The Solid Tires market size was valued at USD 4,421.7 million in 2018, reached USD 6,343.6 million in 2024, and is anticipated to reach USD 11,146.4 million by 2032, at a CAGR of 7.30% during the forecast period.
The Solid Tires market is driven by prominent players such as Continental AG, Michelin, Trelleborg AB, Camso (Michelin Group), Toyo Tire Corporation, Maxam Tire International, TVS Eurogrip, Balkrishna Industries Limited (BKT), and Global Rubber Industries (GRI). These companies focus on product innovation, durability, and expanding their global footprint to strengthen market presence. Asia Pacific leads the global Solid Tires market, commanding approximately 39% market share in 2024, supported by rapid industrialization, growing construction activities, and the expansion of the e-commerce sector. North America and Europe follow, holding significant shares due to advanced warehousing infrastructure and strong manufacturing bases. Key players are continuously investing in advanced materials and sustainable production methods to cater to evolving industry demands and regulatory standards, maintaining competitive advantage in this growing market.
Market Insights
The Solid Tires market was valued at USD 4,421.7 million in 2018, reached USD 6,343.6 million in 2024, and is projected to reach USD 11,146.4 million by 2032, growing at a CAGR of 7.30% during the forecast period.
Rising demand from industrial, construction, and logistics sectors is driving solid tire adoption due to their durability, low maintenance, and puncture resistance.
The Asia Pacific region holds the largest share of 39% in 2024, followed by Europe with 25% and North America with 21%; the Cured-on Solid Tire segment leads with a 65% share.
Key players like Michelin, Continental AG, Trelleborg AB, and TVS Eurogrip focus on expanding portfolios, enhancing durability, and investing in eco-friendly materials to strengthen their market positions.
High initial costs and limited performance on uneven terrains restrain market growth, particularly in off-road applications and price-sensitive regions.
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In the Solid Tires market, the Cured-on Solid Tire segment holds the dominant market share, accounting for approximately 65% of the total market in 2024. This segment leads due to its superior durability, low maintenance requirements, and excellent resistance to punctures and wear, making it ideal for heavy-duty industrial applications. Increasing demand from manufacturing, construction, and logistics industries further drives the growth of cured-on solid tires. Additionally, the ability to withstand harsh operating environments and provide long service life enhances their preference over pressed-on solid tires in high-load and high-usage scenarios.
For instance, Trelleborg’s XP1000 cured-on solid tires have demonstrated a service life exceeding 2,000 operational hours in continuous-use material handling environments, with verified field tests at customer sites showing less than 5% tread wear over that period.
By Application:
Among applications, the Forklift segment dominates the Solid Tires market with a market share of around 50% in 2024. Forklifts heavily rely on solid tires due to their ability to offer stability, load-bearing capacity, and operational safety in warehouses, factories, and distribution centers. The rapid growth of the warehousing and e-commerce sectors significantly fuels demand for solid tires in forklift applications. Additionally, solid tires reduce the risk of punctures and downtime, which is crucial for continuous material handling operations. The telehandler, backhoe loader, and excavator segments are growing steadily but currently contribute smaller shares.
For instance, Camso’s RES Xtreme solid tires are specifically designed for forklifts and have been proven to support loads up to 6,000 kilograms per tire, with documented durability tests showing consistent performance across more than 1,800 hours of intensive warehouse operation without structural failure.
Market Overview
Rising Demand from Industrial and Construction Sectors
The Solid Tires market is witnessing significant growth driven by the increasing demand from the industrial and construction sectors. Solid tires are widely used in forklifts, loaders, and other heavy-duty machinery due to their superior durability and puncture resistance. Expanding infrastructure projects, particularly in developing economies, are fueling the need for reliable and long-lasting tires. Additionally, the growth of the logistics and warehousing sectors has further accelerated solid tire adoption, as businesses prioritize equipment uptime and reduced maintenance costs for uninterrupted operations.
For instance, Maxam Tire’s MS801 solid construction tire has been utilized in several high-load port operations, with verified test results showing minimal heat build-up during sustained 24-hour usage cycles, contributing to a recorded operational lifespan of over 3,000 hours.
Low Maintenance and Enhanced Lifespan Advantages
Solid tires offer distinct advantages over pneumatic tires, including lower maintenance needs, better stability, and a longer service life. These characteristics make them highly desirable for applications in harsh and demanding environments. Their ability to resist wear, eliminate the risk of flats, and operate effectively without frequent servicing contributes significantly to cost savings for end-users. These operational benefits are key factors driving their increasing preference, particularly in industries where minimizing downtime and maximizing equipment reliability are essential to maintaining productivity.
For instance, TVS Eurogrip’s Tigerfork solid tires are designed for extended life with field tests showing a tire replacement cycle of 2,500 hours under standard forklift operating conditions, significantly reducing tire change frequency compared to competitors in similar use cases.
Growth of E-commerce and Warehousing
The rapid expansion of the e-commerce sector has created a surge in warehousing and distribution center activities worldwide. This growth has directly influenced the demand for material handling equipment, particularly forklifts, which predominantly use solid tires. Companies are investing in larger and more automated warehouses, increasing the frequency of equipment use and intensifying the need for durable tire solutions. Solid tires, known for their load-bearing capacity and safety features, are becoming a critical component in supporting the efficiency and operational continuity of these fast-paced environments.
Key Trends & Opportunities
Increasing Adoption of Eco-Friendly Materials
Manufacturers in the Solid Tires market are increasingly focusing on developing eco-friendly and recyclable tire solutions. The push for sustainable practices across industries presents an opportunity for solid tire producers to innovate with green materials and energy-efficient manufacturing processes. This trend aligns with growing regulatory pressures and customer preferences for environmentally responsible products. Companies investing in sustainable solid tire solutions can capitalize on this opportunity to strengthen their market position and cater to emerging sustainability-driven procurement strategies.
For instance, Continental AG’s ContiLifeCycle solid tire production process incorporates up to 3 kilograms of recycled rubber per tire, significantly reducing the consumption of new raw materials in each manufacturing cycle.
Technological Advancements in Tire Design
Advancements in solid tire technology, including improved tread patterns, advanced rubber compounds, and enhanced heat dissipation capabilities, are creating new growth opportunities. These innovations aim to improve traction, reduce rolling resistance, and extend tire lifespan, meeting the evolving demands of modern machinery and equipment. As end-users increasingly seek performance-optimized solutions, manufacturers that offer technologically superior solid tires are well-positioned to capture market share and differentiate themselves in a competitive landscape.
For instance, Michelin’s XZM2+ solid tires demonstrated a rolling resistance reduction equivalent to saving 0.4 kilowatt-hours of energy per operational hour during internal electric forklift efficiency testing, directly contributing to lower energy consumption in continuous-use facilities
Key Challenges
High Initial Cost Compared to Pneumatic Tires
One of the major challenges in the Solid Tires market is the relatively high initial investment required compared to pneumatic alternatives. Despite their long-term cost benefits, the upfront price can deter small and medium-sized businesses with limited capital. This price sensitivity may slow adoption, particularly in price-competitive markets where budget constraints influence purchasing decisions. Addressing this challenge will require manufacturers to clearly communicate the total cost-of-ownership advantages and possibly introduce flexible pricing or financing options.
Limited Performance on Uneven Terrains
Solid tires are not always suitable for operations on highly uneven or off-road terrains due to their rigid structure and reduced shock absorption compared to pneumatic tires. This limitation restricts their use in certain outdoor applications and construction sites where rough surfaces are common. Companies operating in these environments may prefer pneumatic options that provide better ride comfort and terrain adaptability, which can limit the market penetration of solid tires in specific heavy-duty off-road sectors.
Disposal and Recycling Challenges
While solid tires are highly durable, their disposal poses significant environmental concerns due to the challenges in recycling the dense rubber material. Unlike pneumatic tires, which often have established recycling channels, solid tires require specialized processes that are less widely available. This creates sustainability challenges for manufacturers and end-users aiming to meet environmental compliance standards. Developing cost-effective recycling solutions and promoting circular economy practices will be crucial to overcoming this barrier in the long term.
Regional Analysis
North America
In 2024, the North America Solid Tires market was valued at USD 1,332.2 million, accounting for approximately 21% of the global market share. The market is expected to grow to USD 2,028.6 million by 2032, expanding at a CAGR of 6.7%. North America’s solid tire demand is driven by steady growth in the logistics, construction, and industrial sectors. Increasing adoption of advanced material handling equipment in warehouses and distribution centers further supports market growth. In 2018, the market size stood at USD 1,039.1 million, reflecting a consistent rise in the region’s solid tire consumption.
Europe
Europe captured around 25% of the global Solid Tires market in 2024, with a market size of USD 1,598.6 million. The market is projected to reach USD 2,496.8 million by 2032, growing at a CAGR of 7.3%. Strong industrial infrastructure, the presence of leading automotive and manufacturing hubs, and increasing emphasis on operational efficiency are key growth drivers in this region. The market was valued at USD 1,149.6 million in 2018. Growing environmental awareness and the adoption of sustainable practices are expected to further shape the solid tire demand in Europe in the coming years.
Asia Pacific
The Asia Pacific region dominates the Solid Tires market, holding the largest share of approximately 39% in 2024 with a market size of USD 2,474.0 million. The market is anticipated to surge to USD 5,071.6 million by 2032, advancing at a robust CAGR of 8.4%. The rapid growth of industrialization, construction, and warehousing activities in China, India, and Southeast Asia significantly drives demand. In 2018, the market was valued at USD 1,689.1 million. Asia Pacific’s leadership in global manufacturing and its expanding e-commerce sector strongly contribute to the region’s solid tire consumption.
Latin America
Latin America accounted for nearly 5% of the global Solid Tires market in 2024, with a market size of USD 329.9 million. The market is projected to grow to USD 646.5 million by 2032, at a CAGR of 5.4%. The region’s growth is supported by the gradual expansion of industrial sectors, increased urbanization, and growth in the construction industry. In 2018, the market stood at USD 176.9 million. Brazil and Mexico are leading contributors to regional demand, driven by their developing logistics and material handling infrastructures, which require reliable and durable tire solutions.
Middle East
The Middle East Solid Tires market reached USD 380.6 million in 2024, representing about 6% of the global market share. It is forecast to expand to USD 657.6 million by 2032, registering a CAGR of 5.9%. The market was valued at USD 265.3 million in 2018. Growth is fueled by ongoing infrastructure development, particularly in the GCC countries, and the increasing use of solid tires in the region’s construction, oil, and gas sectors. Solid tires are preferred in this region due to their high durability and performance in extreme operating environments.
Africa
Africa held the smallest share of the Solid Tires market in 2024, with a market size of USD 228.4 million, contributing around 4% to the global market. The market is expected to reach USD 245.2 million by 2032, growing at a modest CAGR of 4.8%. In 2018, the market size was USD 101.7 million. Although Africa’s market share remains limited, gradual improvements in industrial capabilities, urbanization, and infrastructure development in countries like South Africa and Nigeria are steadily increasing demand. The use of solid tires in mining and construction applications supports the region’s slow but positive growth trajectory.
Market Segmentations:
By Type:
Cured-on Solid Tire
Pressed-on Solid Tire
By Application:
Forklift
Telehandler
Backhoe Loader
Excavators
By Geography:
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Competitive Landscape
The Solid Tires market is moderately fragmented, with several key players competing on product quality, technological innovation, and global distribution capabilities. Major companies such as Continental AG, Michelin, Trelleborg AB, and Camso (a Michelin Group company) lead the market by offering a wide portfolio of durable and application-specific solid tires. These players focus on expanding their global presence through strategic acquisitions, partnerships, and continuous investment in product development. Companies are also emphasizing the use of advanced materials and sustainable manufacturing processes to meet evolving environmental standards and customer expectations. Regional and niche manufacturers, including TVS Eurogrip, Balkrishna Industries Limited (BKT), and Global Rubber Industries (GRI), maintain strong positions in price-sensitive markets by offering cost-effective solutions tailored to local needs. Competitive pricing, aftersales service, and product customization are key differentiators in this market. The competitive landscape is expected to intensify as new players enter with innovative tire technologies and eco-friendly solutions.
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In August 2024, MAXAM Tire introduced the EcoPoint³ TBR product line, catering to diverse transportation industry needs with premium line haul, regional, and mixed service series, featuring advanced technology for superior performance and durability.
In June 2024, Tube & Solid Tire Ltd. was rebranded as Dobermann North America and underwent expansion with two new warehouses. Both locations are expected to be stocked with the full range of the company’s offerings, including K9 tires for lawn and garden, ATVs, UTVs, skid steers, forklifts, and construction applications. The locations will also be stocked with bias farm tires, bias trailer tires, and radial & all-steel trailer tires. The warehouses will also feature Dobermann’s solid forklift tires, solid skid steer tires, solid OTR assemblies, and both butyl & natural rubber tubes.
In June 2024, Goodyear launched the Cooper Discoverer Stronghold all-terrain (AT) tire, the latest addition to the Cooper Discoverer family.
In May 2024, Trelleborg showcased its Brawler solid tire line at the WasteExpo 2024. The Brawler range features both press-on and mold-on tires designed for wheel loaders, skid steers, material handlers, excavators, and telehandlers.
In January 2024, Yokohama Off-Highway Tires recently introduced the Galaxy MFS 101 severe-duty solid tire, which the company claims combines solid construction with a heat-dissipating design, extra rubber above the 60J wear limit, and a high-performance steel bead design to transfer torque with less slip.
Market Concentration & Characteristics
The Solid Tires Market shows moderate concentration with a mix of global leaders and regional manufacturers competing across segments. It is characterized by a steady demand from industrial, construction, and material handling applications where durability and low maintenance are critical. Large companies such as Michelin, Continental AG, and Trelleborg AB dominate with wide product portfolios, strong distribution networks, and continuous investment in product development. Regional players serve price-sensitive markets with cost-effective options and focus on local distribution efficiency. The market is defined by a high preference for puncture-resistant and long-lasting tires, particularly in forklift and heavy machinery applications. It relies heavily on aftermarket sales, where product replacement cycles drive consistent demand. Competitive advantage often comes from superior product quality, fast delivery, and customer service rather than pricing alone. The increasing shift toward sustainable materials and advanced tire designs is shaping product strategies. Solid tires face limitations in off-road applications, but their core strength in industrial settings sustains steady growth. The market structure balances innovation-driven competition from leading brands with cost-focused offerings from smaller manufacturers.
Report Coverage
The research report offers an in-depth analysis based on Type,Applicationand Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
The Solid Tires market is expected to grow steadily driven by increasing demand from industrial, construction, and logistics sectors.
The forklift segment will continue to lead the market, supported by the rapid expansion of warehousing and e-commerce industries.
Asia Pacific will maintain its dominant position in the global market due to strong industrial growth and infrastructure development.
Manufacturers will increasingly focus on developing eco-friendly and recyclable solid tires to meet rising sustainability demands.
Technological advancements in tire design will enhance durability, heat resistance, and traction, creating new growth opportunities.
High initial costs may continue to challenge market growth in price-sensitive regions, especially for small and medium-sized businesses.
The demand for solid tires in the material handling equipment segment is likely to grow with the automation of warehouses.
The market may see further competition from pneumatic tires in outdoor and rough-terrain applications where flexibility is preferred.
Strategic partnerships, product customization, and global distribution expansion will remain key strategies for leading companies.
Continuous innovation in compound materials and tread patterns will drive product differentiation and long-term market competitiveness.
CHAPTER NO. 1 : GENESIS OF THE MARKET
1.1 Market Prelude – Introduction & Scope
1.2 The Big Picture – Objectives & Vision
1.3 Strategic Edge – Unique Value Proposition
1.4 Stakeholder Compass – Key Beneficiaries CHAPTER NO. 2 : EXECUTIVE LENS
2.1 Pulse of the Industry – Market Snapshot
2.2 Growth Arc – Revenue Projections (USD Million)
2.3. Premium Insights – Based on Primary Interviews CHAPTER NO. 3 : SOLID TIRE MARKET FORCES & INDUSTRY PULSE
3.1 Foundations of Change – Market Overview
3.2 Catalysts of Expansion – Key Market Drivers
3.2.1 Momentum Boosters – Growth Triggers
3.2.2 Innovation Fuel – Disruptive Technologies
3.3 Headwinds & Crosswinds – Market Restraints
3.3.1 Regulatory Tides – Compliance Challenges
3.3.2 Economic Frictions – Inflationary Pressures
3.4 Untapped Horizons – Growth Potential & Opportunities
3.5 Strategic Navigation – Industry Frameworks
3.5.1 Market Equilibrium – Porter’s Five Forces
3.5.2 Ecosystem Dynamics – Value Chain Analysis
3.5.3 Macro Forces – PESTEL Breakdown
3.6 Price Trend Analysis
3.6.1 Regional Price Trend
3.6.2 Price Trend by product CHAPTER NO. 4 : KEY INVESTMENT EPICENTER
4.1 Regional Goldmines – High-Growth Geographies
4.2 Product Frontiers – Lucrative Product Categories
4.3 Vehicle Type Sweet Spots – Emerging Demand Segments CHAPTER NO. 5: REVENUE TRAJECTORY & WEALTH MAPPING
5.1 Momentum Metrics – Forecast & Growth Curves
5.2 Regional Revenue Footprint – Market Share Insights
5.3 Segmental Wealth Flow – Product & Vehicle Type Revenue CHAPTER NO. 6 : TRADE & COMMERCE ANALYSIS
6.1. Import Analysis by Region
6.1.1. Global Solid Tire Market Import Revenue By Region
6.2. Export Analysis by Region
6.2.1. Global Solid Tire Market Export Revenue By Region CHAPTER NO. 7 : COMPETITION ANALYSIS
7.1. Company Market Share Analysis
7.1.1. Global Solid Tire Market: Company Market Share
7.2. Global Solid Tire Market Company Revenue Market Share
7.3. Strategic Developments
7.3.1. Acquisitions & Mergers
7.3.2. New Product Launch
7.3.3. Regional Expansion
7.4. Competitive Dashboard
7.5. Company Assessment Metrics, 2024 CHAPTER NO. 8 : SOLID TIRE MARKET – BY TYPE SEGMENT ANALYSIS
8.1. Solid Tire Market Overview by Type Segment
8.1.1. Solid Tire Market Revenue Share By Type
8.2. Cured-on
8.3. Pressed-on
8.4. Non-Marking CHAPTER NO. 9 : SOLID TIRE MARKET – BY VEHICLE TYPE SEGMENT ANALYSIS
9.1. Solid Tire Market Overview by Vehicle Type Segment
9.1.1. Solid Tire Market Revenue Share By Vehicle Type
9.2. Forklifts
9.3. Skid Steer Loaders
9.4. Telehandlers
9.5. Others (agricultural equipment, compactors, and others) CHAPTER NO. 10 : SOLID TIRE MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS
10.1. Solid Tire Market Overview by End-use Industry Segment
10.1.1. Solid Tire Market Revenue Share By End-use Industry
10.2. Construction & Mining
10.3. Material Handling
10.4. Industrial Manufacturing
10.5. Agriculture
10.6. Others (Waste Management, Airport Ground Support, Ports & Logistics, and Defense) CHAPTER NO. 11 : SOLID TIRE MARKET – REGIONAL ANALYSIS
11.1. Solid Tire Market Overview by Region Segment
11.1.1. Global Solid Tire Market Revenue Share By Region
11.1.3. Regions
11.1.4. Global Solid Tire Market Revenue By Region
.1.6. Product
11.1.7. Global Solid Tire Market Revenue By Product
11.1.9. Vehicle Type
11.1.10. Global Solid Tire Market Revenue By Vehicle Type
11.1.12. End-use Industry
11.1.13. Global Solid Tire Market Revenue By End-use Industry CHAPTER NO. 12 : NORTH AMERICA SOLID TIRE MARKET – COUNTRY ANALYSIS
12.1. North America Solid Tire Market Overview by Country Segment
12.1.1. North America Solid Tire Market Revenue Share By Region
12.2. North America
12.2.1. North America Solid Tire Market Revenue By Country
12.2.2. Product
12.2.3. North America Solid Tire Market Revenue By Product
12.2.4. Vehicle Type
12.2.5. North America Solid Tire Market Revenue By Vehicle Type
2.2.6. End-use Industry
12.2.7. North America Solid Tire Market Revenue By End-use Industry
2.3. U.S.
12.4. Canada
12.5. Mexico CHAPTER NO. 13 : EUROPE SOLID TIRE MARKET – COUNTRY ANALYSIS
13.1. Europe Solid Tire Market Overview by Country Segment
13.1.1. Europe Solid Tire Market Revenue Share By Region
13.2. Europe
13.2.1. Europe Solid Tire Market Revenue By Country
13.2.2. Product
13.2.3. Europe Solid Tire Market Revenue By Product
13.2.4. Vehicle Type
13.2.5. Europe Solid Tire Market Revenue By Vehicle Type
13.2.6. End-use Industry
13.2.7. Europe Solid Tire Market Revenue By End-use Industry
13.3. UK
13.4. France
13.5. Germany
13.6. Italy
13.7. Spain
13.8. Russia
13.9. Rest of Europe CHAPTER NO. 14 : ASIA PACIFIC SOLID TIRE MARKET – COUNTRY ANALYSIS
14.1. Asia Pacific Solid Tire Market Overview by Country Segment
14.1.1. Asia Pacific Solid Tire Market Revenue Share By Region
14.2. Asia Pacific
14.2.1. Asia Pacific Solid Tire Market Revenue By Country
14.2.2. Product
14.2.3. Asia Pacific Solid Tire Market Revenue By Product
14.2.4. Vehicle Type
14.2.5. Asia Pacific Solid Tire Market Revenue By Vehicle Type
14.2.5. End-use Industry
14.2.7. Asia Pacific Solid Tire Market Revenue By End-use Industry
14.3. China
14.4. Japan
14.5. South Korea
14.6. India
14.7. Australia
14.8. Southeast Asia
14.9. Rest of Asia Pacific CHAPTER NO. 15 : LATIN AMERICA SOLID TIRE MARKET – COUNTRY ANALYSIS
15.1. Latin America Solid Tire Market Overview by Country Segment
15.1.1. Latin America Solid Tire Market Revenue Share By Region
15.2. Latin America
15.2.1. Latin America Solid Tire Market Revenue By Country
15.2.2. Product
15.2.3. Latin America Solid Tire Market Revenue By Product
15.2.4. Vehicle Type
15.2.5. Latin America Solid Tire Market Revenue By Vehicle Type
15.2.6. End-use Industry
15.2.7. Latin America Solid Tire Market Revenue By End-use Industry
15.3. Brazil
15.4. Argentina
15.5. Rest of Latin America CHAPTER NO. 16 : MIDDLE EAST SOLID TIRE MARKET – COUNTRY ANALYSIS
16.1. Middle East Solid Tire Market Overview by Country Segment
16.1.1. Middle East Solid Tire Market Revenue Share By Region
16.2. Middle East
16.2.1. Middle East Solid Tire Market Revenue By Country
16.2.2. Product
16.2.3. Middle East Solid Tire Market Revenue By Product
16.2.4. Vehicle Type
16.2.5. Middle East Solid Tire Market Revenue By Vehicle Type
16.2.6. End-use Industry
16.2.7. Middle East Solid Tire Market Revenue By End-use Industry
16.3. GCC Countries
16.4. Israel
16.5. Turkey
16.6. Rest of Middle East CHAPTER NO. 17 : AFRICA SOLID TIRE MARKET – COUNTRY ANALYSIS
17.1. Africa Solid Tire Market Overview by Country Segment
17.1.1. Africa Solid Tire Market Revenue Share By Region
17.2. Africa
17.2.1. Africa Solid Tire Market Revenue By Country
17.2.2. Product
17.2.3. Africa Solid Tire Market Revenue By Product
17.2.4. Vehicle Type
17.2.5. Africa Solid Tire Market Revenue By Vehicle Type
17.2.6. End-use Industry
17.2.7. Africa Solid Tire Market Revenue By End-use Industry
17.3. South Africa
17.4. Egypt
17.5. Rest of Africa CHAPTER NO. 18 : COMPANY PROFILES
18.1. CAMSO
18.1.1. Company Overview
18.1.2. Product Portfolio
18.1.3. Financial Overview
18.1.4. Recent Developments
18.1.5. Growth Strategy
18.1.6. SWOT Analysis
18.2. Continental AG
18.3. Bridgestone
18.4. Global Rubber Industries
18.5. NEXEN TIRE
18.6. Setco Solid Tire & Rim Assembly
18.7. TY Cushion Tire
18.8. Trelleborg AB
18.9. Superior Tire & Rubber Corp.
18.10. Yokohama
18.11. Yantai Balsanse Rubber Co., LTD.
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Frequently Asked Questions:
What is the market size of the Global Solid Tire Market in 2023, 2032, and its CAGR?
The Solid Tires Market size is valued at USD 6,343.6 million in 2024 and is projected to reach USD 11,146.4 million by 2032.
What is driving the growth of the Global Solid Tire Market?
The market is driven by increasing demand for solid tires in warehouses, construction sites, and industrial facilities due to their durability and low maintenance requirements.
Why are solid tires preferred over pneumatic tires in industrial applications?
Solid tires are preferred because they offer puncture resistance, longer service life, and reduced downtime, making them ideal for heavy-duty operations.
Which region dominates the Global Solid Tire Market?
Asia Pacific dominates the market, supported by rapid industrialization, infrastructure growth, and high demand from China and India.
Who are the key players in the Global Solid Tire Market?
Leading companies in the market include Trelleborg AB, Continental AG, Camso Inc., MICHELIN, and Yokohama Rubber Co., Ltd., all focusing on innovation and global expansion.
About Author
Sushant Phapale
ICT & Automation Expert
Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.
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