Global Port & Industrial Tire Market Segments 2024, Forecast To 2033
5 Mar, 2024
The port & industrial tire market size has shown robust growth, increasing from $8.06 billion in 2023 to $8.64 billion in 2024, boasting a CAGR of 7.2%. This growth is attributed to factors such as global trade expansion, industrialization, automotive industry growth, and supply chain optimization. Looking ahead to 2028, the market is expected to reach $11.36 billion, maintaining a 7.1% CAGR. E-commerce expansion, sustainability focus, automation in material handling, and global infrastructure projects are expected to contribute to the market's continued growth.
Global Port & Industrial Tire Market Key Driver
Port & industrial tire market growth is attributed to the surge in import and export activities. Global trade increased by more than $6 trillion from 2020 to a record high of over $28 trillion in 2021, driving the demand for sturdy port and industrial tires.
Get A Free Sample Of The Global Port & Industrial Tire Market ReportGlobal Port & Industrial Tire Market Segments
The port & industrial tire market covered in this report is segmented –
1) By Tire Type: Solid Tire, PU Tires, Cushion Tires, Pneumatic Tires
2) By Vehicle Type: Stacker, Lift Truck, Terminal Tractor, Electric Forklift, IC Engine Forklift, IC Engine Industrial Trucks
3) By Sales Channel: OEM, Aftermarket
4) By Application: Forklift, Large Industrial Trucks, Hand Trucks, Pallet Trucks, Dump Trucks
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the port and industrial tires market in 2023. The regions covered in the port & industrial tire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Port & Industrial Tire Industry Players
Continental AG; Cheng Shin Rubber Industry Co. Ltd.; Camso Tire Inc.; The Goodyear Tire and Rubber Company; Nokian Tyres PLC; RovInc.e Tire Co. Ltd.; Bridgestone Corporation; Balkrishna Industries Limited; Michelin & Cie Cie en Commandite par Actions; ATG Tires Inc.; Firestone Tire and Rubber Company; Xuzhou Armor Rubber Company Limited; Maxxis International Co. Ltd.; Sumitomo Rubber Industries Ltd.; Titan Company Limited; Trelleborg AB; Aichi Tire Co. Ltd.; Mitas Cooling Solutions Pvt Ltd.; Advance Tire Co. Ltd.; Hankook Tire & Rubber Co. Ltd.; Armour Tire Corp.; Cooper Tire & Rubber Company; Goodyear Tire & Rubber Company; Yokohama Rubber Co. Ltd.; Pirelli & C. S.p.A.; Toyo Tire & Rubber Co. Ltd.; Kumho Tire Co. Inc.; Giti Tire Co. Ltd.; Linglong Tire Co. Ltd.; Double Coin Holdings Ltd.
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AIOps Port & Industrial Tire Market Overview
Port and industrial tires refer to tires that provide effective performance for shuttle sprinter carriers, straddle carriers, reach stackers, container handlers, and other comparable machinery. These industrial tires are intended for use in port and marina applications that need large loads and extensive cycle durations.
Port & Industrial Tire Global Market Report 2023 provides data on the global port & industrial tire market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The port & industrial tire market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.