Solid Tire Market Size, Share & Industry Analysis, By Type (Cured-on, Pressed-on, and Non-Marking), By Vehicle Type (Forklifts, Skid Steer Loader, Telehandlers, and Others), By End-use Industry (Construction & Mining, Material Handling, Industrial Manufacturing, Agriculture, and Others), and Regional Forecast, 2024-2032

The global solid tire market size was valued at USD 3.08 billion in 2023. The market is projected to grow from USD 3.19 billion in 2024 to USD 4.46 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period.

With the growth of electric and autonomous material handling vehicles, tires are being increasingly used in applications, such as warehouses and logistics operations where high uptime is essential. Key players in the market include Camso, Global Rubber Industries, Setco Solid Tire & Rim Assembly, Continental AG, and Nexen Tire. These companies are major contributors to the market, which drives the demand in the industries, such as construction, logistics, and heavy machinery.

A solid tire is a non-pneumatic tire made of solid rubber or plastic compounds designed for industrial and heavy-duty applications. Unlike air-filled tires, they offer durability, puncture resistance, and low maintenance, making them ideal for forklifts, construction machinery, and material-handling vehicles. These tires are known for their stability and ability to carry heavy loads in harsh environments, which is why they are often used in sectors, such as logistics and construction.

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Market Dynamics

Market Drivers

Increasing Construction and Industrial Activities to Boost Market Growth

Increasing construction and industrial activities will drive the global market due to the high demand for heavy machinery and vehicles that operate in challenging environments. In construction sites, solid tires are essential for vehicles, such as forklifts, cranes, and bulldozers as they offer high durability and robust load-bearing capacity. The rise in infrastructure projects globally, particularly in developing nations, will boost the need for these tires. Moreover, industries, such as waste management, steel, and mining favor these tires for their resistance to punctures and wear in harsh, high-load environments. As urbanization accelerates and industrial output grows, the demand for solid tires continues to rise, offering a maintenance-free and reliable solution for equipment used in demanding conditions. According to the G20 Global Infrastructure Outlook, global investment in the field of infrastructure reached USD 2,872.86 billion in 2023 from 2,814.64 billion in 2022, representing a y-o-y growth of 2.1%.

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Market Restraint

Competition from Alternative Tire Technologies to Restrain Market Growth

Competition from alternative tire technologies is a significant restraint to the global solid tire industry. New technologies, such as airless tires and smart tires offer similar benefits, such as puncture resistance, durability, and lower maintenance, and may come at a lower cost or with added features. For example, airless tires are gaining traction for their eco-friendly properties and potential cost advantages in the long run, appealing to industries that seek both performance and sustainability. Additionally, innovations in materials and tire design, such as flexible or adaptive tires provide alternatives that could outperform solid tires in specific applications. This growing competition makes it harder for these tires to maintain their market share, especially in sectors looking for more advanced and cost-effective solutions.

Market Opportunities

Growing Demand for Eco-Friendly Solutions to Provide Market Growth Opportunities

The growing demand for eco-friendly solutions offers a significant growth opportunity for the global market. Solid or cushion tires are known for their strength, durability, and long lifespan, thereby reducing the frequency of replacements and waste generation compared to pneumatic tires. This aligns with the global sustainability goals of industries, such as logistics, construction, and waste management, which are increasingly prioritizing environmentally friendly operations. Furthermore, innovations in tire materials, such as using recyclable or biodegradable compounds enhance their eco-friendly appeal. Governments and organizations advocating for reduced carbon footprints and higher waste management efficiency will further drive this demand. By promoting these tires as sustainable alternatives, manufacturers can capitalize on the rising adoption of green practices across industrial and commercial sectors.​

Market Challenge

Limited Suitability to Challenge Product Demand

The limited suitability of solid tires can challenge the market’s growth by restricting their application to industrial and heavy-duty vehicles. Unlike pneumatic tires, these tires are not ideal for high-speed vehicles, passenger cars, or lightweight applications due to their rigid structure, which affects ride comfort and handling. This limits their appeal in the automotive and transportation sectors. Additionally, their heavier weight can reduce energy efficiency, making them less desirable for modern vehicles prioritizing fuel efficiency or electric powertrain compatibility. These limitations confine their use to specific sectors, such as construction, logistics, and waste management, hindering the market’s expansion into broader applications and reducing overall market scalability​.

Market Trends

Shift of Industries Toward Electric Vehicles to Fuel Market Development

The shift of industries toward Electric Vehicles (EVs) is driving the growth of the global market due to the rising demand for durable, low-maintenance tires that are suitable for heavy-duty electric machinery and industrial vehicles. Solid tires, known for their puncture resistance and extended lifespan, align well with the operational needs of EVs used in construction, logistics, and waste management industries. Additionally, as EV manufacturers prioritize sustainability, cushion tires, with their eco-friendly advantages, such as reduced waste and recyclability, gain preference. The rapid adoption of electric forklifts and loaders in warehouses and factories will further boost the market’s growth. With industrial electrification expanding globally, the compatibility of solid rubber tires with EV platforms positions them as an integral component in this transition​.

In July 2024, Hyster introduced its new range of lithium-ion battery-powered forklifts, delivering performance levels on par with Internal Combustion Engine (ICE) lift trucks. The Hyster J2.0-3.5XTLG series supports loads of up to 3.5 tons. These types of solid tires are designed for versatile use in both indoor and outdoor environments. These forklifts offer a durable and flexible solution while eliminating exhaust emissions, making them an eco-friendly choice for various industrial applications.

Impact of COVID-19

Disruption in Supply Chain & Manufacturing Activities Hampered Market During Pandemic

The COVID-19 pandemic significantly impacted the market, primarily through disruptions in supply chains and manufacturing activities. Lockdowns and restrictions delayed the production and delivery of solid tires, particularly affecting industries, such as construction, logistics, and mining, which are major users of these tires. Additionally, reduced economic activity led to a decline in industrial operations, lowering the demand for heavy-duty equipment and, consequently, solid or cushion tires.

However, as global economies reopened, the demand for durable and low-maintenance tires resurged, especially in warehousing and e-commerce sectors that witnessed a boost during the pandemic. The increasing focus on automation and electric forklifts post-pandemic also offered growth opportunities, helping the market recover gradually​.

Segmentation Analysis

By Type

Long Lifespan and High Resistance to Wear & Tear Fuels the Cured-on Tire Demand

On the basis of type, the market has been divided into cured-on, pressed-on, and non-marking.

The cured-on segment dominated the market with a share of 40.7% in 2023. Cured-on tires are known for their long lifespan and high resistance to wear and tear, which makes them ideal for heavy-duty applications. They are favored in industrial sectors, such as material handling, construction, and mining, where tire replacement can be costly and downtime is undesirable. Curled-on tires offer robust structure and high load capacity, which contributes to their demand.

The non-marking segment is expected to record the fastest CAGR during the forecast period from 2024 to 2032. As the demand for material handling vehicles, such as forklifts and Automated Guided Vehicles (AGVs) grows, non-marking tires are becoming more popular. These tires offer reliable performance on smooth indoor surfaces without damaging or leaving stains on the floors, making them ideal for indoor applications in warehouses, distribution centers, and retail environments. In February 2024, ArcBest launched Vaux Smart Autonomy, a technology featuring autonomous forklifts and reach trucks that can also be remotely operated. Integrated with this software, these units can operate autonomously or manually, using sensors and cameras to navigate and handle goods. A tele-operator control center oversees the autonomous operations. This technology claims to be compatible with existing warehouses, distribution centers, and manufacturing facilities.

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By Vehicle Type

Increasing Investment in Modern Electric Powertrain Fueled Forklift Segment Growth

Based on vehicle type, the market is classified into forklifts, skid steer loaders, telehandlers, and others.

The forklift segment dominated the market in 2023. The growing adoption of electric forklifts is boosting the segment’s growth. These forklifts require tires that can handle higher loads and offer better traction on smooth and rough surfaces. Tires, particularly polyurethane and rubber-based ones, are becoming more popular in electric forklift applications due to their reliability and cost-effectiveness​. In January 2024, Galaxy unveiled the MFS 101 Severe Duty Solid Tire. The Galaxy MFS 101 Severe Duty tire claims to elevate the solid forklift tire technology, integrating robust construction with a smoother ride, heat-dissipating design, enhanced rubber coverage above the 60J wear limit, and a high-performance steel bead design that minimizes slip while transferring torque. Yokohama Off-Highway Tires introduced the MFS 101 SDS, available in 28 sizes ranging from 8 to 15 inches.

The others segment is predicted to record the fastest CAGR during the forecast period. This segment consists of vehicles, such as construction equipment, mining equipment, agriculture equipment, and others. These tires are known for their puncture resistance, making them ideal for heavy equipment used in agriculture and construction, where tire damage from sharp objects (e.g., stones, debris) is common. This robustness reduces the risk of downtime and also lessens the maintenance costs, which is a key selling point for users in these sectors.

By End-use Industry

Increasing Investment in Tires Fuels the Electric Segment Growth

Based on end-use industry, the market is classified into construction & mining, material handling, industrial manufacturing, agriculture, and others.

The construction & mining segment dominated the market in 2023. The segment’s growth is driven by the need for durable, puncture-resistant tires that are capable of withstanding harsh terrains, heavy loads, and intense operational demands. The construction and mining industries prioritize solid or cushion tires to minimize downtime, ensure safety, and reduce maintenance costs. Increased global urbanization, infrastructure development, and resource extraction activities will further fuel the demand as these tires enhance efficiency and reliability of heavy machinery in challenging environments.

The material handling segment is estimated to record the fastest CAGR during the forecast period. The segment’s growth is driven by the growing adoption of forklifts, pallet jacks, and Automated Guided Vehicles (AGVs) in warehousing, logistics, and manufacturing. The rise of e-commerce, supply chain optimization, and automation demands durable, puncture-resistant tires for enhanced performance and reduced maintenance. Additionally, increased investments in infrastructure and logistics facilities will further boost the need for reliable tires that ensure operational efficiency and safety in material handling. This will fuel the product demand over the forecast period.

Solid Tires Market Regional Outlook

With respect to region, the market covers North America, Europe, Asia Pacific, and the rest of the world.

Europe

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Europe held the largest solid tire market share of around 42.5% in 2023. The region is known for its stringent environmental regulations and sustainability efforts. Solid or cushion tires contribute to its sustainability goals by offering longer lifespan and reduced tire waste. Their durability means fewer replacements, which reduces tire disposal issues and contributes to lower carbon footprint. Additionally, these tires have lower rolling resistance than pneumatic tires, which can contribute to energy savings, aligning with Europe’s environmental and energy efficiency goals.

North America

North America held the second-largest market share in 2023. Solid tires are primarily used in material handling vehicles, such as forklifts, pallet jacks, and cranes. With the growing demand for warehousing and distribution services, especially due to the e-commerce boom, there is an increased need for equipment that can operate in tough environments. These tires are favored for their durability and low maintenance, making them a preferred choice.

Asia Pacific

Asia Pacific is expected to generate demand for solid tires at a faster rate over the forecast period. Countries, such as China, India, and other Southeast Asian nations are seeing rapid industrialization and urbanization. With the expansion of manufacturing hubs and logistics facilities, there is a rising need for material handling vehicles, such as forklifts and Automated Guided Vehicles (AGVs) which often use solid tires. These tires are preferred in these applications as they offer better durability, higher load-bearing capacity, and low maintenance. These features are essential for handling heavy-duty tasks in manufacturing and warehousing environments.

Rest of the World

The rest of the world held a decent share of the market in 2023. Emerging economies in Africa, Latin America, and the Middle East are witnessing rapid urbanization and industrialization. As these regions build up their urban infrastructure, manufacturing plants, warehouses, and distribution centers, the demand for material handling vehicles, such as forklifts, cranes, and automated guided vehicles increases. This, in turn, will raise the demand for solid or cushion tires due to their low maintenance, durability, and ability to work long hours.

Competitive Landscape

Key Market Players

The global solid tire market is highly competitive, with key players aiming on innovation, product development, and expanding their global presence. Leading companies include Camso, Global Rubber Industries, Setco Solid Tire & Rim Assembly, Continental AG, and Nexen Tire. These market players dominate by offering a wide range of tires for diverse applications, including material handling, construction, and mining. They leverage technological advancements to improve the durability, safety, and performance of their tires. The market’s growth is also driven by strategic partnerships, acquisitions, and expanding production facilities. Regional players are emerging, especially in Asia Pacific, to cater to growing demand in developing economies. These firms gain competitive advantage through pricing strategies, customization, and responding to industry-specific needs, such as sustainability and low-maintenance solutions.

List of Key Companies Profiled in the Report

• CAMSO (Michillin) (Canada)


• Continental AG (Germany)


• Bridgestone (Japan)


• Global Rubber Industries (Sri Lanka)


• NEXEN TIRE (South Korea)


• Setco Solid Tire & Rim Assembly (U.S.)


• TY Cushion Tire (U.S.)


• Trelleborg AB (Sweden)


• Magna Tyres (Netherlands)


• Superior Tire & Rubber Corp. (U.S.)


• Yokohama (Japan)


• Maxam Tire (U.S.)


• Yantai Balsanse Rubber Co., LTD. (China)


• Balkrishna Industries Limited (BKT) (India)

Key Industry Developments

• June 2024 - Tube & Solid Tire Ltd. was rebranded as Dobermann North America and underwent expansion with two new warehouses. Both locations are expected to be stocked with the full range of the company’s offerings, including K9 tires for lawn and garden, ATVs, UTVs, skid steers, forklifts, and construction applications. The locations will also be stocked with bias farm tires, bias trailer tires, and radial & all-steel trailer tires. The warehouses will also feature Dobermann's solid forklift tires, solid skid steer tires, solid OTR assemblies, and both butyl & natural rubber tubes.


• May 2024 - Trelleborg showcased its Brawler solid tire line at the WasteExpo 2024. The Brawler range features both press-on and mold-on tires designed for wheel loaders, skid steers, material handlers, excavators, and telehandlers.


• May 2022 - Balsanse supplied steel mill-specific solid tires in sizes 14.00-24, 12.00-24, and 10.00-20 for hot metal ladle transport companies, successfully passing durability tests for long-distance use under heavy-load conditions.


• February 2022 - MAXAM Tire introduced its new proprietary compound, EcoPoint3, which will be fully integrated into its solid tire range at a new, automation-focused factory. This groundbreaking compound, coupled with advanced automation and manufacturing technology, claims to significantly enhance the performance and durability of MAXAM’s material handling products.


• September 2021 - GRI launched the environmentally friendly Ultimate Green XT solid tire. Global Rubber Industries (Pvt.) Ltd. claims it to be one of the eco-friendliest material-handling solid tires in the world. The Ultimate Green XT incorporates 42.8% sustainable materials, including bio-sourced and recycled components. The tire is crafted from natural rubber, silica, recycled carbon black, and reclaimed rubber from used tires.

Investment Analysis and Opportunities

Rising Demand for Eco-friendly Products to Provide Market Opportunity

The global solid tire market presents promising investment opportunities driven by growing demand in industrial applications, such as material handling, construction, and mining. The increasing adoption of these types of tires due to their durability, low maintenance costs, and safety benefits over pneumatic tires creates a strong growth potential for the market. Key regions, such as North America, Europe, and Asia Pacific are seeing substantial investments, with technological advancements in tire compounds, automation, and sustainability further enhancing the market’s attractiveness. Opportunities also lie in the rising demand for eco-friendly products, such as tires made from recycled materials. Additionally, expanding infrastructure development and the rise of e-commerce, which demands efficient logistics solutions, are expected to drive the solid tire market growth. Strategic investments in manufacturing, R&D, and regional expansions can yield significant returns for the market.

Report Coverage

The report analyzes the market in depth and highlights crucial aspects, such as prominent companies, market segmentation, competitive landscape, train type, propulsion type, electrification type, and technology adoption. Besides this, it provides insights into the market trends and highlights significant industry developments. In addition to the aspects mentioned earlier, the report encompasses several factors that have contributed to the market’s growth in recent years.

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Report Scope & Segmentation