According to the new market research report “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Port & Industrial Solid Tires market size is projected to grow from USD 2,751.2 million in 2023 to USD 3,750.5 million by 2029, at a CAGR of 5.3% during the forecast period.
- Global Port & Industrial Solid Tires MarketSize (US$ Million), 2018-2029
Source: QYResearch, “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Port & Industrial Solid TiresTop15 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In 2022, the global top five Port & Industrial Solid Tires players account for 65.3% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Port & Industrial Solid Tires.
- Port & Industrial Solid Tires,Global Market Size, Split by Product Segment
Source: QYResearch, “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, More than 15” is the largest segment, hold a share of 63.2%,
- Port & Industrial Solid Tires,Global Market Size, Split by ApplicationSegment
Source: QYResearch, “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, OEM is the largest application, hold a share of 64.5%,
- Port & Industrial Solid Tires,Global Market Size, Split by Region
Source: QYResearch, “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Source: QYResearch, “Port & Industrial Solid Tires- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Durability and Longevity: Port and industrial operations demand tires that can withstand heavy loads, rough terrain, and harsh environmental conditions. Solid tires are known for their durability and longevity, making them preferred choices for applications where frequent tire replacements are costly and disruptive.
Safety and Reliability: Safety is paramount in port and industrial environments where heavy machinery, such as forklifts, reach stackers, and container handlers, are in operation. Solid tires provide stability and reliability, reducing the risk of tire blowouts and accidents associated with pneumatic tires, especially when carrying heavy loads or traversing uneven surfaces.
Cost Efficiency: While solid tires may have a higher upfront cost compared to pneumatic tires, they offer significant cost savings over their lifespan. Their resistance to punctures, tears, and wear reduces maintenance and replacement expenses, leading to lower total cost of ownership (TCO) for port and industrial operators.
Productivity Enhancement: Solid tires contribute to improved operational efficiency by minimizing downtime due to tire-related issues. They require less frequent maintenance, such as pressure checks and replacements, allowing equipment to remain in service for longer periods and enhancing overall productivity.
Environmental Considerations: Solid tires eliminate the need for air, which can leak and contribute to environmental pollution. Additionally, the longevity of solid tires reduces the volume of tire waste generated, aligning with sustainability goals and regulations aimed at reducing environmental impact.
About The Authors
HuChen Yang
Lead Author
Machinery and Equipment
Email: yanghuchen@qyresearch.com
Tel: +86-17801072109
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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