Product Code: 16814
The Global Forklift Tire Market will grow from USD 2.17 Billion in 2025 to USD 2.94 Billion by 2031 at a 5.19% CAGR. Forklift tires are specialized, reinforced wheel components designed for material handling vehicles to support substantial loads and maintain stability during industrial operations.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 2.17 Billion |
| Market Size 2031 | USD 2.94 Billion |
| CAGR 2026-2031 | 5.19% |
| Fastest Growing Segment | Solid Tire |
| Largest Market | Asia Pacific |
Key Market Drivers
The rapid expansion of global e-commerce and warehousing logistics acts as the primary catalyst for the forklift tire market, driving the need for durable tires to support intense material handling operations. As retailers scale infrastructure to meet delivery demands, forklift fleet utilization has surged, necessitating frequent tire replacements to ensure operational continuity. This logistics growth correlates directly with record financial performances in the material handling sector.
Key Market Challenges
The volatility of raw material prices, particularly for natural rubber, stands as a critical disruption to the Global Forklift Tire Market. This fluctuation creates a precarious cost environment for tire manufacturers, who are unable to accurately forecast production expenses or maintain stable pricing structures for their clients. When input costs rise unexpectedly due to supply chain constraints or weather-related yield reductions, manufacturers experience immediate pressure on profit margins.
Key Market Trends
The integration of smart sensors and Internet of Things (IoT) technologies is revolutionizing the forklift tire market by transitioning fleet management from reactive repairs to predictive maintenance. Unlike traditional tires, these intelligent units feature embedded sensors that continuously monitor critical performance metrics such as internal pressure, temperature, and tread depth, transmitting real-time data to central logistics systems to prevent unexpected failures. This connectivity is becoming essential for high-efficiency warehouses, where avoiding downtime is critical for maintaining supply chain velocity. The commercial impact of this technological shift is evident in the financial results of leading manufacturers who have prioritized digital mobility services.
Key Market Players
Michelin Group
Continental AG
Trelleborg AB
The Yokohama Rubber Co., Ltd.
Hankook Tire & Technology Co., Ltd.
Bridgestone Corporation
Michelin
TVS Eurogrip
Maxam Tire International
Camso
Report Scope:
In this report, the Global Forklift Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Forklift Tire Market, By Tire Type:
Pneumatic Tires
Solid Tire
Cushion Tires
Polyurethane Tire
Forklift Tire Market, By Sales Channel:
OEM
Aftermarket
Forklift Tire Market, By Application Type:
Manufacturing
Mining & Construction
Automotive
Agriculture and Others
Forklift Tire Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Forklift Tire Market.
Available Customizations:
Global Forklift Tire Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Forklift Tire Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Tire Type (Pneumatic Tires, Solid Tire, Cushion Tires, Polyurethane Tire)
- 5.2.2. By Sales Channel (OEM, Aftermarket)
- 5.2.3. By Application Type (Manufacturing, Mining & Construction, Automotive, Agriculture and Others)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
- 5.3. Market Map
6. North America Forklift Tire Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Tire Type
- 6.2.2. By Sales Channel
- 6.2.3. By Application Type
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Forklift Tire Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Tire Type
- 6.3.1.2.2. By Sales Channel
- 6.3.1.2.3. By Application Type
- 6.3.2. Canada Forklift Tire Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Tire Type
- 6.3.2.2.2. By Sales Channel
- 6.3.2.2.3. By Application Type
- 6.3.3. Mexico Forklift Tire Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Tire Type
- 6.3.3.2.2. By Sales Channel
- 6.3.3.2.3. By Application Type
7. Europe Forklift Tire Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Tire Type
- 7.2.2. By Sales Channel
- 7.2.3. By Application Type
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Forklift Tire Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Tire Type
- 7.3.1.2.2. By Sales Channel
- 7.3.1.2.3. By Application Type
- 7.3.2. France Forklift Tire Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Tire Type
- 7.3.2.2.2. By Sales Channel
- 7.3.2.2.3. By Application Type
- 7.3.3. United Kingdom Forklift Tire Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Tire Type
- 7.3.3.2.2. By Sales Channel
- 7.3.3.2.3. By Application Type
- 7.3.4. Italy Forklift Tire Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Tire Type
- 7.3.4.2.2. By Sales Channel
- 7.3.4.2.3. By Application Type
- 7.3.5. Spain Forklift Tire Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Tire Type
- 7.3.5.2.2. By Sales Channel
- 7.3.5.2.3. By Application Type
8. Asia Pacific Forklift Tire Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Tire Type
- 8.2.2. By Sales Channel
- 8.2.3. By Application Type
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Forklift Tire Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Tire Type
- 8.3.1.2.2. By Sales Channel
- 8.3.1.2.3. By Application Type
- 8.3.2. India Forklift Tire Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Tire Type
- 8.3.2.2.2. By Sales Channel
- 8.3.2.2.3. By Application Type
- 8.3.3. Japan Forklift Tire Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Tire Type
- 8.3.3.2.2. By Sales Channel
- 8.3.3.2.3. By Application Type
- 8.3.4. South Korea Forklift Tire Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Tire Type
- 8.3.4.2.2. By Sales Channel
- 8.3.4.2.3. By Application Type
- 8.3.5. Australia Forklift Tire Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Tire Type
- 8.3.5.2.2. By Sales Channel
- 8.3.5.2.3. By Application Type
9. Middle East & Africa Forklift Tire Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Tire Type
- 9.2.2. By Sales Channel
- 9.2.3. By Application Type
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Forklift Tire Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Tire Type
- 9.3.1.2.2. By Sales Channel
- 9.3.1.2.3. By Application Type
- 9.3.2. UAE Forklift Tire Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Tire Type
- 9.3.2.2.2. By Sales Channel
- 9.3.2.2.3. By Application Type
- 9.3.3. South Africa Forklift Tire Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Tire Type
- 9.3.3.2.2. By Sales Channel
- 9.3.3.2.3. By Application Type
10. South America Forklift Tire Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Tire Type
- 10.2.2. By Sales Channel
- 10.2.3. By Application Type
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Forklift Tire Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Tire Type
- 10.3.1.2.2. By Sales Channel
- 10.3.1.2.3. By Application Type
- 10.3.2. Colombia Forklift Tire Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Tire Type
- 10.3.2.2.2. By Sales Channel
- 10.3.2.2.3. By Application Type
- 10.3.3. Argentina Forklift Tire Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Tire Type
- 10.3.3.2.2. By Sales Channel
- 10.3.3.2.3. By Application Type
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Forklift Tire Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Michelin Group
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Continental AG
- 15.3. Trelleborg AB
- 15.4. The Yokohama Rubber Co., Ltd.
- 15.5. Hankook Tire & Technology Co., Ltd.
- 15.6. Bridgestone Corporation
- 15.7. Michelin
- 15.8. TVS Eurogrip
- 15.9. Maxam Tire International
- 15.10. Camso
16. Strategic Recommendations
17. About Us & Disclaimer