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Forklift Tires Market to grow at a CAGR of 5.99% by 2026, Driven by Increasing Demand & Production For Commercial Vehicles - Technavio

Technavio (PRNewsfoto/Technavio)

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Technavio

Aug 05, 2022, 08:05 ET

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NEW YORK, Aug. 5, 2022 /PRNewswire/ -- The forklift tires market size is set to grow by USD 731.56 million from 2021 to 2026, progressing at a CAGR of 5.99% as per the latest market report by Technavio. Technavio categorizes the forklift tires market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forklift tires market during the forecast period.

Technavio has announced its latest market research report titled Forklift Tires Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
Technavio has announced its latest market research report titled Forklift Tires Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

To know more about parent market analysis - Request a FREE sample report.

Forklift Tires Market 2022-2026: Scope

 Our forklift tires market report covers the following areas:

  • Forklift Tires Market size
  • Forklift Tires Market trends
  • Forklift Tires Market industry analysis
Forklift Tires Market 2022-2026: Market Dynamics
  • Drivers - The increasing demand and production for commercial vehicles, rising preference in material handling applications, and Increasing demand for polyurethane forklift tires will offer immense growth opportunities.
  • Challenges - Price fluctuations of rubber, drawbacks associated with high-performance forklift tires & stringent regulations will challenge the growth of the market participants.
  • For detailed information on the market dynamics - Click Now!
Forklift Tires Market 2022-2026: Vendor Analysis

The forklift tires market is fragmented and the vendors are deploying growth strategies such as expanding their product lines and strengthening their manufacturing capacities to compete in the market. Advance Tire Inc., Balkrishna Industries Ltd., Bridgestone Corp., CEAT Ltd., Continental AG, Hankook Tire and Technology Co. Ltd., HEXPOL AB, Michelin Group, NEXEN TIRE Corp., The Goodyear Tire and Rubber Co., Titan International Inc., Toyota Motor Corp., Trelleborg AB, TVS Srichakra Ltd., Velox Tyres Pvt. Ltd., Yokohama Rubber Co. Ltd., and Nokian Tyres Plc are some of the major market participants.

  • Advancetires.com - The company offers products such as cushion tires, solid loader tires, solid skid steer tires, and mini loader tires.
  • To know about all major vendor offerings -Request a FREE Sample Now!
Forklift Tires Market 2022-2026: Segmentation Analysis
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • The Middle East And Africa
  • Regional Highlights - 66% of the market's growth will originate from APAC during the forecast period. India, Japan, and China are the key markets for forklift tires in APAC. Market growth in this region will be faster than the growth of the market in other regions. The increasing industrialization and rapid urbanization in China, India, South Korea, Japan, Malaysia, and Australia will facilitate the forklift tires market growth in APAC over the forecast period.
  • Class Type
    • Class 4 and 5
    • Class 32
    • Class 31
    • Class 1
    • Class 2
  • Revenue Generating Segment - The forklift tires market share growth by the class 4 and 5 segments will be significant during the forecast period. The class 4 segment of the global forklift tires market comprises forklift trucks that have internal combustion engines (ICEs) and uses either solid or cushion tires. The loading capacity of the class 4 forklift trucks is in the range of 1-10 tons, while specialty models with a loading capacity of 50 tons are also available in the market. 

To know about the market contribution of each segment - Grab a FREE Sample Now!

The competitive scenario provided in the Forklift Tires Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Forklift Tires Market Forecast Report -  Buy Now!

Forklift Tires Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist forklift tires market growth during the next five years
  • Estimation of the forklift tires market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the forklift tires market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of forklift tires market vendors
Related Reports:
  • The automotive premium tires market share is expected to increase to USD 33.72 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.58%.
  • The polyester tire cord market share is expected to increase to USD 623.92 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.16%.

Forklift Tires Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.99%

Market growth 2022-2026

USD 731.56 million

Market structure

Fragmented

YoY growth (%)

5.75

Regional analysis

APAC, Europe, North America, South America, Middle East, and Africa

Performing market contribution

APAC at 66%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advance Tire Inc., Balkrishna Industries Ltd., Bridgestone Corp., CEAT Ltd., Continental AG, Hankook Tire and Technology Co. Ltd., HEXPOL AB, Michelin Group, NEXEN TIRE Corp., The Goodyear Tire and Rubber Co., Titan International Inc., Toyota Motor Corp., Trelleborg AB, TVS Srichakra Ltd., Velox Tyres Pvt. Ltd., Yokohama Rubber Co. Ltd., and Nokian Tyres Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Browse for Technavio "Consumer Discretionary Market" Research Reports

Table Of Contents:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart of Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart of Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Class Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on the Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Class Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Class Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Class Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Class Type
    • Exhibit 26: Chart on Comparison by Class Type
    • Exhibit 27: Data Table on Comparison by Class Type
  • 5.3 Class 4 and 5 - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Class 4 and 5 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Class 4 and 5 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Class 4 and 5 - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Class 4 and 5 - Year-over-year growth 2021-2026 (%)
  • 5.4 Class 32 - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Class 32 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Class 32 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Class 32 - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Class 32 - Year-over-year growth 2021-2026 (%)
  • 5.5 Class 31 - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Class 31 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Class 31 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Class 31 - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Class 31 - Year-over-year growth 2021-2026 (%)
  • 5.6 Class 1 - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Class 1 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Class 1 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Class 1 - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Class 1 - Year-over-year growth 2021-2026 (%)
  • 5.7 Class 2 - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Class 2 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Class 2 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Class 2 - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Class 2 - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by Class Type
    • Exhibit 48: Market opportunity by Class Type ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart of Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 North America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on the Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on the Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on the Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on the Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 US - Market size and forecast 2021-2026
    • Exhibit 82: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.11 India - Market size and forecast 2021-2026
    • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Advance Tire Inc.
    • Exhibit 101: Advance Tire Inc. - Overview
    • Exhibit 102: Advance Tire Inc. - Product / Service
    • Exhibit 103: Advance Tire Inc. - Key offerings
  • 10.4 CEAT Ltd.
    • Exhibit 104: CEAT Ltd. - Overview
    • Exhibit 105: CEAT Ltd. - Business segments
    • Exhibit 106: CEAT Ltd. - Key offerings
    • Exhibit 107: CEAT Ltd. - Segment focus
  • 10.5 Continental AG
    • Exhibit 108: Continental AG - Overview
    • Exhibit 109: Continental AG - Business segments
    • Exhibit 110: Continental AG - Key news
    • Exhibit 111: Continental AG - Key offerings
    • Exhibit 112: Continental AG - Segment focus
  • 10.6 Hankook Tire and Technology Co. Ltd.
    • Exhibit 113: Hankook Tire and Technology Co. Ltd. - Overview
    • Exhibit 114: Hankook Tire and Technology Co. Ltd. - Product / Service
    • Exhibit 115: Hankook Tire and Technology Co. Ltd. - Key offerings
  • 10.7 Michelin Group
    • Exhibit 116: Michelin Group - Overview
    • Exhibit 117: Michelin Group - Business segments
    • Exhibit 118: Michelin Group - Key offerings
    • Exhibit 119: Michelin Group - Segment focus
  • 10.8 NEXEN TIRE Corp.
    • Exhibit 120: NEXEN TIRE Corp. - Overview
    • Exhibit 121: NEXEN TIRE Corp. - Product / Service
    • Exhibit 122: NEXEN TIRE Corp. - Key offerings
  • 10.9 Nokian Tyres Plc
    • Exhibit 123: Nokian Tyres Plc - Overview
    • Exhibit 124: Nokian Tyres Plc - Business segments
    • Exhibit 125: Nokian Tyres Plc - Key news
    • Exhibit 126: Nokian Tyres Plc - Key offerings
    • Exhibit 127: Nokian Tyres Plc - Segment focus
  • 10.10 Trelleborg AB
    • Exhibit 128: Trelleborg AB - Overview
    • Exhibit 129: Trelleborg AB - Business segments
    • Exhibit 130: Trelleborg AB - Key news
    • Exhibit 131: Trelleborg AB - Key offerings
    • Exhibit 132: Trelleborg AB - Segment focus
  • 10.11 Velox Tyres Pvt. Ltd.
    • Exhibit 133: Velox Tyres Pvt. Ltd. - Overview
    • Exhibit 134: Velox Tyres Pvt. Ltd. - Product / Service
    • Exhibit 135: Velox Tyres Pvt. Ltd. - Key offerings
  • 10.12 Yokohama Rubber Co. Ltd.
    • Exhibit 136: Yokohama Rubber Co. Ltd. - Overview
    • Exhibit 137: Yokohama Rubber Co. Ltd. - Business segments
    • Exhibit 138: Yokohama Rubber Co. Ltd. - Key news
    • Exhibit 139: Yokohama Rubber Co. Ltd. - Key offerings
    • Exhibit 140: Yokohama Rubber Co. Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 141: Inclusions checklist
    • Exhibit 142: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 143: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 144: Research methodology
    • Exhibit 145: Validation techniques employed for market sizing
    • Exhibit 146: Information sources
  • 11.5 List of abbreviations
    • Exhibit 147: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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