Pneumatic Tires for Industrial Truck Forklift Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global pneumatic tires for industrial truck forklift market are anticipated to grow at a CAGR of 2.3% during the forecast period (2022-2028). Pneumatic tires are similar to ordinary automobile or truck tires, and they’re mostly utilized outside. Solid pneumatics and air pneumatics are the two types. The solid pneumatics is made of rubber and is more puncture-proof than the air pneumatics, which are packed with air. If there are nails, rocks, or other sharp things in the yard or workshop, the solid pneumatic alternative is the best choice. As the industrialization in the emerging economies is growing, hence the market of pneumatic tires for industrial truck forklifts is anticipated to propel.

One of the most significant advantages of pneumatic tires is their capacity to absorb uneven terrain which is going to positively impact the market. This results in a more comfortable ride with less bumping and trembling. They’ll also have a thicker tread, which will provide more traction on slick and uneven surfaces. Industries that deal with products that require gentle handling are expected to boost the market.

Some major players in the market includeAdvance Tire Inc., Artic Investments S.A., Continental AG, Mouldmate Co. Ltd., and Yokohama Rubber Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Continental AG offers specialist pneumatic tires. A radial tire features a carcass made up of one or more layers of fibers or steel that runs from bead to bead (radial). Steel belts help to keep the tread in place. The flexible sidewalls of Continental’s Pneumatic Radial Tires provide comfort. They will conserve energy due to their reduced Rolling Resistance. Radial tires are ideally suited for outdoor use and long distances. Forklift trucks, heavy-duty transport vehicles, indoor service trailers, and platform trucks are among the vehicles that employ them.

Advance Tire Inc. offers Heavy Duty L5 OTR Tires. These heavy-duty tires are a low-cost option for outfitting your loader with a tough tire. These tires are great for auto junkyards, recycling shops, and demolition purposes.

Mouldmate Co. Ltd. offers Solid Pneumatic tires, it has three layers that allow them to run hotter and gentler. Three layers of natural rubber absorb shocks and dispel heat, preventing costly downtime for your forklift (and your back).

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- ADVANCE TIRE INC., Artic Investments S.A., Continental AG, Mouldmate Co. Ltd., Yokohama Rubber Co., Ltd, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Pneumatic Tires for Industrial Truck Forklift Market Report by Segment

By Type

• Solid Pneumatic Tire
• Air Pneumatic Tire

By End-User

• Factories
• Stations
• Ports
• Airports
• Distribution Centers
• Others