Global Folklift Solid Tire Market Overview:
Folklift solid tires are the tires used for forklift. These tires are the most integral part in determining on what surface a Folklift is meant to work (smooth, flat factory floor, rough outdoor yard, etc.) Each tire has a different thread, compound, and ply rating which helps to ensure the tire used will best suit the application. By keeping Folklift solid tire in good shape it will reduce the stress and wear on the transmission as well as the Folklift driver. Further, Expansion of retail and e-commerce industries has led to higher sales of Folkliftsolid tire market.
As per latest study released by AMA Research, the Global Folklift Solid Tire market is expected to see growth rate of 5.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement with Increasing Productivity and Rising Preference for Material Handling Applications
Market Growth Drivers:
Rapid Globalization, Booming Retail and E-commerce Sector and Rising Need in Distribution centers and Warehouses
Challenges:
Improper Tire Pressure in Pneumatic Tires is Posing a Challenge for Market Growth
Restraints:
High Cost of Solid Tire over Pneumatic Tires is Hampering the Market
Opportunities:
Increasing Industrialization in Emerging Countries like India & Mexico, Rising Adoption of Solid Tires Owing To Durable, Maintenance Free, Puncture Resistant Across Waste Handling Other Harsh Application Areas and High Demand in Indoor Environments
Competitive Landscape:
The Global forklift solid tires market is fragmented with several top manufacturers. Camso company is the largest player in the market and its revenue in the North American market exceeded 18% in 2017. The players are involved in new product launches and innovations.
Some of the key players profiled in the report are Continental AG (Germany), Trelleborg AB (Sweden), NEXEN Corporation (South Korea), Mitsubishi Logisnext Co., Ltd (Japan), Tube & Solid Tire (United States), Global Rubber Industries (Srilanka), Superior Tire & Rubber Corporation (United States), Initial Appearance LLC (United States) and CAMSO (United States). The Vendors having a strong hold in the market are Trelleborg AB, CAMSO and. Additionally, following companies can also be profiled that are part of our coverage like Hankook Tire (South Korea), Trelleborg AB (Sweden), Michelin (France) and Aichi Tire Industry Co. Ltd (Japan). Analyst at AMA Research see United States Vendors to retain maximum share of Global Folklift Solid Tire market by 2030. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Folklift Solid Tire market. Considering Market by Forklift Type, the sub-segment i.e. Cushion tires will boost the Folklift Solid Tire market. Considering Market by Class , the sub-segment i.e. Class1 will boost the Folklift Solid Tire market.
Latest Market Insights:
On February 22, 2023, Michelin and EnTire announced a strategic partnership to develop and commercialize next-generation solid tires for material handling applications.
In January 2023, Trelleborg launched its new Enpro MT700 solid forklift tire, designed for demanding indoor and outdoor applications. This tire offered improved wear resistance and puncture protection compared to previous models.
What Can be Explored with the Folklift Solid Tire Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Folklift Solid Tire Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Folklift Solid Tire
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Folklift Solid Tire market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Folklift Solid Tire market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Forklift Solid Tire Manufacturers, Forklift Solid Tire Distributors, Traders, Raw Material Suppliers, Industry Associations, Marketing Firms, Downstream Vendors, Government and Regulatory Bodies and Organizations, forums and alliances related to forklift market.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.