Home / Automotive & Transportation / Solid Tires Market by Type (Cured-on Solid Tire, Pressed-on Solid Tire) by Application (Forklift, Tele Handler, Backhoe, Excavators): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Solid Tires Market by Type (Cured-on Solid Tire, Pressed-on Solid Tire) by Application (Forklift, Tele Handler, Backhoe, Excavators): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: Jun 2021 | Report Code: 60394-06-21

The global solid tires market is projected to attain market value of USD 7,924 million in 2027 from USD 5,995 million in 2020. The market is estimated to grow at a CAGR of over 4.3% during the forecast period.

 Solid tires or airless tires are manufactured using layers of rubber constructed around metal frame of the tire. Different types of rubber compound and process are used to manufacture slid tires. During the process thin layers of rubber rolled and mount onto a metal frame which then pressed over a hydraulic pressure system. This process roughens the structure holds rubber layers. The thickness of the rubber layers changes depending on the application of the tire for several end uses. With the excellent load barring capacity, puncture resistance, and minimum maintenance solid tires are proven to be excellent choice for heavy-duty transport vehicles, forklift trucks, and airport vehicles.

Key Market Drivers and Restraints

The crucial factors that can highly impact the growth of the solid tires market will be included in this section. In addition to this, market challenges and opportunities to pinpoint the revenue generation are also been covered.

Disadvantages of slow movement of vehicles with solid tires may hamper the growth of the market

When an air-filled tire rolls, carcass and tread deforms. This deformation generates slip, slip is important to generate adequate tractive force. Solid tires cannot create adequate slip to make sufficient longitudinal force as it deforms less and this is why vehicle fixed with solid tires cannot ride at a fast speed. Moreover, solid tire deforms in lesser amount, this deformation is also important for a vehicle to take a turn at high speed, so a vehicle fitted with solid tire cannot take turn with high speed. These factors may restrict their use and affected overall market growth.

Asia Pacific to dominate the global market

Regionally, the global solid tires market consists of six regions which also include all key features related to it. Credence Research is offering detailed understanding of the prominent regions of global market. The global market is dominated by Asia Pacific with over 35% share in 2020.

Global Market is led by the curled on solid tires

Curled on solid tires offers better handling, extra grip, and stability these factors make them more useful at industrials applications. With the growing industrialization demand for forklifts are continuously increasing high which in turn supporting the need for curled solid tires. Similarly, at construction sites many heavy load carrying trucks and machineries that required high load barring capacity tires with optimum grip also are augmenting the demand of curled solid tires.

Forklift continue to dominate the global market in terms of Application

Forklifts are the major user of solid tires, different types of solid tires are used in forklifts depending on their functions. There is increasing use of forklifts in dockyards, recycling facilities, construction sites, and warehouses. Increasing use of forklifts in several applications directly augmenting the demand for solid tires, also the demand for solid tires for forklifts is expected to remain high during the forecast period.

Frequently asked questions about global industry

  • Which are the different Types of this industry?
    Ans: Cured-on Solid Tire and Pressed-on Solid Tire are the different types available in the market
  • Who are the key players in the global industry?
    Ans: Continental AG, CAMSO, Global Rubber industries, NEXEN TIRE, Initial Appearance LLC, Setco Solid Tire & Rim Assembly, Trelleborg, Tube & Solid Tire, TY Cushion Tire, and Superior Tire & Rubber Corp are the key players operating in this market
  • Which is the fastest growing Application segment for global industry?
    Ans: Backhoe Application offers tremendous opportunities to players
  • Which is the leading regional market for global industry?
    Ans: Asia Pacific has the largest share owing to large demand of solid tires in several industries.
  • What will be the CAGR (2021 - 2027) of in global industry?
    Ans: The market is anticipated to grow at a CAGR of 4.3% throughout the forecast period.

Table of Content
1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Solid Tires Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Solid Tires Market Value, 2015-2027, (US$ Mn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Solid Tires Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Solid Tires Market, by Country, 2015-2027(US$ Mn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Solid Tires Market, by Type, 2015-2027(US$ Mn)
6.2.1.Overview
6.2.2.Cured-on Solid Tire
6.2.3.Pressed-on Solid Tire
6.3.North America Solid Tires Market, by Application, 2015-2027(US$ Mn)
6.3.1.Overview
6.3.2.Forklift
6.3.3.Tele Handler
6.3.4.Backhoe
6.3.5.Excavators

7.Europe
7.1.Europe Solid Tires Market, by Country, 2015-2027(US$ Mn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Solid Tires Market, by Type, 2015-2027(US$ Mn)
7.2.1.Overview
7.2.2.Cured-on Solid Tire
7.2.3.Pressed-on Solid Tire
7.3.Europe Solid Tires Market, by Application, 2015-2027(US$ Mn)
7.3.1.Overview
7.3.2.Forklift
7.3.3.Tele Handler
7.3.4.Backhoe
7.3.5.Excavators

8.Asia Pacific
8.1.Asia Pacific Solid Tires Market, by Country, 2015-2027(US$ Mn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Solid Tires Market, by Type, 2015-2027(US$ Mn)
8.2.1.Overview
8.2.2.Cured-on Solid Tire
8.2.3.Pressed-on Solid Tire
8.3.Asia Pacific Solid Tires Market, by Application, 2015-2027(US$ Mn)
8.3.1.Overview
8.3.2.Forklift
8.3.3.Tele Handler
8.3.4.Backhoe
8.3.5.Excavators

9.Latin America
9.1.Latin America Solid Tires Market, by Country, 2015-2027(US$ Mn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Solid Tires Market, by Type, 2015-2027(US$ Mn)
9.2.1.Overview
9.2.2.Cured-on Solid Tire
9.2.3.Pressed-on Solid Tire
9.3.Latin America Solid Tires Market, by Application, 2015-2027(US$ Mn)
9.3.1.Overview
9.3.2.Forklift
9.3.3.Tele Handler
9.3.4.Backhoe
9.3.5.Excavators

10.Middle East
10.1.Middle East Solid Tires Market, by Country, 2015-2027(US$ Mn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Solid Tires Market, by Type, 2015-2027(US$ Mn)
10.2.1.Overview
10.2.2.Cured-on Solid Tire
10.2.3.Pressed-on Solid Tire
10.3.Middle East Solid Tires Market, by Application, 2015-2027(US$ Mn)
10.3.1.Overview
10.3.2.Forklift
10.3.3.Tele Handler
10.3.4.Backhoe
10.3.5.Excavators

11.Africa
11.1.Africa Solid Tires Market, by Country, 2015-2027(US$ Mn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Solid Tires Market, by Type, 2015-2027(US$ Mn)
11.2.1.Overview
11.2.2.Cured-on Solid Tire
11.2.3.Pressed-on Solid Tire
11.3.Africa Solid Tires Market, by Application, 2015-2027(US$ Mn)
11.3.1.Overview
11.3.2.Forklift
11.3.3.Tele Handler
11.3.4.Backhoe
11.3.5.Excavators

12.Global
12.1.Global Solid Tires Market, by Type, 2015-2027(US$ Mn)
12.1.1.Overview
12.1.2.Cured-on Solid Tire
12.1.3.Pressed-on Solid Tire
12.2.Global Solid Tires Market, by Application, 2015-2027(US$ Mn)
12.2.1.Overview
12.2.2.Forklift
12.2.3.Tele Handler
12.2.4.Backhoe
12.2.5.Excavators

13.Company Profiles
13.1.Continental AG
13.2.CAMSO
13.3.Global Rubber industries
13.4.NEXEN TIRE
13.5.Initial Appearance LLC
13.6.Setco Solid Tire & Rim Assembly
13.7.Trelleborg, Tube & Solid Tire
13.8.TY Cushion Tire
Superior Tire & Rubber Corp

List of Figures
FIG. 1Global Solid Tires Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Solid Tires Market Segmentation
FIG. 4Global Solid Tires Market, by Type, 2019 (US$ Mn)
FIG. 5Global Solid Tires Market, by Application, 2019 (US$ Mn)
FIG. 6Global Solid Tires Market, by Geography, 2019 (US$ Mn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Solid Tires Market Manufacturers, 2019
FIG. 9Global Solid Tires Market Value Contribution, By Type, 2020 & 2027 (Value %)
FIG. 10Global Solid Tires Market, by Cured-on Solid Tire, Value, 2015-2027 (US$ Mn)
FIG. 11Global Solid Tires Market, by Pressed-on Solid Tire, Value, 2015-2027 (US$ Mn)
FIG. 12Global Solid Tires Market Value Contribution, By Application, 2020 & 2027 (Value %)
FIG. 13Global Solid Tires Market, by Forklift, Value, 2015-2027 (US$ Mn)
FIG. 14Global Solid Tires Market, by Tele Handler, Value, 2015-2027 (US$ Mn)
FIG. 15Global Solid Tires Market, by Backhoe, Value, 2015-2027 (US$ Mn)
FIG. 16Global Solid Tires Market, by Excavators, Value, 2015-2027 (US$ Mn)
FIG. 17U.S. Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 18Rest of North America Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 19U.K. Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 20Germany Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 21France Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 22Rest of Europe Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 23Japan Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 24China Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 25India Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 26Rest of Asia Pacific Solid Tires Market, 2015-2027 (US$ Mn)
FIG. 27Middle East & Africa Solid Tires Market, 2015-2027 (US$ Mn)
Latin America Solid Tires Market, 2015-2027 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices   (Solid Tires) Market

TABLE 2 Global Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 3 Global Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 4 Global Solid Tires Market, by Geography, 2015-2027 (US$ Mn)

TABLE 5 North America Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 6 North America Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 7 North America Solid Tires Market, by Country, 2015-2027 (US$ Mn)

TABLE 8 Europe Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 9 Europe Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 10 Europe Solid Tires Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 11 Asia Pacific Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 12 Asia Pacific Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 13 Asia Pacific Solid Tires Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 14 Latin America Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 15 Latin America Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 16 Latin America Solid Tires Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 17 Middle East Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 18 Middle East Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 19 Middle East Solid Tires Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 20 Africa Solid Tires Market, by Type, 2015-2027 (US$ Mn)

TABLE 21 Africa Solid Tires Market, by Application, 2015-2027 (US$ Mn)

TABLE 22 Africa Solid Tires Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 23 Continental AG: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 24 CAMSO: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 25  Global Rubber industries: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 26 NEXEN TIRE.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 27 Initial Appearance LLC: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments)

TABLE 28  Setco Solid Tire & Rim Assembly: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 Trelleborg, Tube & Solid Tire: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 TY Cushion Tire: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 Superior Tire & Rubber Corp: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

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