Global Internal Combustion (IC) Forklift Tire Market Size, Share & Trends Report, by Type (Pneumatic Forklift Tires, Solid Forklift Tires, and Polyurethane Forklift Tires), and by Application (OEM and Aftermarket) Forecast (2022-2028).

The global internal combustion (IC) forklift tire market is anticipated to grow at a significant CAGR 4% during the forecast period (2022-2028). Looking toward the demand for the IC forklift tire, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021 Mitsubishi Logisnext Americas Group and Unicarriers Forklift had launched PF (D)80N-PF(D)120N model series, 4 wheel internal combustion mid-sized pneumatic tire forklifts.  This model is equipped with a standard engine protection system that monitors fluid levels and temperatures to ensure truck hydraulic and travel performance levels are maintained. Both the GK45 LPG engine and Do4 – EGT diesel engine configuration offer effective performance for heavy duties. Equipped with several vibration reduction features, these forklifts are designed to work in tough environments, while providing the operator with significant levels of comfort, all shift long.

Further, in January 2020, Mitsubishi Logisnext Americas Group and Unicarries Forklift launched CF100- CF155 series, 4 wheel internal combustion heavy-duty cushion tire forklifts. This model is equipped with PSI 4X 4.3 liter V6 EPA/CARB compliant engine with a significant fuel economy. Moreover, its low-profile counterweight allows for a more compact turning radius. The weighing capacity of this model is approximately 10,000 to 15,000 lb. Equipped with several vibration reduction features, these forklifts are designed to work in tough environments, while providing the operator with significant levels of comfort, all shift long. Further, in 2020 Unicarriers Forklift launched Platinum II Cushion Tire CFS60 6,000 LBS. Powered by LP, dual fuel, or gas engines, the Platinum II internal combustion lift truck delivers greater torque and horsepower for a variety of applications. The fuel management system optimizes engine operation to provide significant fuel economy and reduce exhaust emissions. This model is equipped with an engine protection system that warns operators in case of excessive heat or a severe drop in oil pressure. Thus, such launches are anticipated to drive the growth of the global IC forklift tire market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Continental Tire the Americas, LLC., Michelin, and Hankook Tire & Technology 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 Internal Combustion (IC) Forklift Tire Market Report by Segment

By Type

• Pneumatic Forklift Tires
• Solid Forklift Tires
• Polyurethane Forklift Tires

By Application

• OEM
• Aftermarket