The global forklift tires market is expected to register a CAGR of 6 % during the forecast period (2020 - 2027).

Forklifts tires are used in forklift types such as in IC engine, electric, high capacity forklift, pallet jack and other. These forklifts have wide variety applications in construction, mining, manufacturing, chemical, and other industries thus, there is high demand for the forklift tire. Key players are coming up with new products and are providing new e-commerce platforms to improve the brand value. This have influenced the many manufacturers to invest more in the forklift tire market.

The report covers the detailed analysis global forklift tire industry with the classifications of the market on the product type, applications, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Europe region. The major country’s policies about the oil and gas industry and its impact on DEH service providers are covered in the report.
Global Forklift Tire Market Dynamics:

The growth of the industrial and construction sector, with the increasing use of a forklift to handle material, is driving the forklift tire market growth in the forecast period. The rapid growth of the port and shipping industry, globalization of the market, large parcel delivery growth, logistic industry growth are driving the demand for forklifts, which directly drive the demand for forklift tires.

Despite economic disturbance imposed by uncertainty over Brexit, the manufacturers of forklift components projected growth in market strength, and the forklift market is expected to grow with sales increasing at 2.6% in 2018, which is more than 35 thousand units.

Solid forklift tire held a major market share in 2019 and is expected to grow at a CAGR of xx% during the forecast period.

The solid forklift tires segment commands the forklift tire market and share the xx% of revenue in the total market. The solid tires carry heavy loads easily and it is widely preferred by customers. The manufacturing of solid tires is easy and they can bear high wear and tear conditions. The retreading of solid tire is possible hence it provides long life span. Polyurethane tires are getting popular and expected to demand will grow in the forecast period. This type of tire is usually used in indoor industrial applications such as maintaining the warehouse, industrial application. The Polyurethane Forklift Tires segment is expected to reach US$ XX Mn by 2027. Other types of tires are covered in the report with the application, drivers, regional market size, share, and condition.

Global Forklift Tire Market

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Global Forklift Tire Market, By Sales Channel

• OEM
• Aftermarket

Aftermarket sector is growing at a CAGR of xx% over the forecast period

Thanks to the high demand for forklift tires due to wear and tear needs replacement, which is provided by the aftermarket. The aftermarket segment holds majority of market share and is expected to continue its dominance in the forecast period. The demand for the forklift is growing the number of aftermarket tire supplier is also growing, driving the segment growth. The aftermarket segment had USD xx Mn of market revenue in 2019 and is expected to reach USD xx Mn by 2027.
Global Forklift Tire Market Regional Insights

Global Forklift Tire Market1

The Asia Pacific commands the forklift tire market, with a share of xx% in 2019.

The Asia Pacific is leading the forklift tire market, Thanks to industrial and construction segment growth in countries like China, India, Japan, South Korea, and others. Recently the warehouse booking in the Asia Pacific has grown by 14% than the previous year 2018. The growth of warehouse is expected to continue with the increasing numbers of industries in the region. Followed by North America, the countries in North America, such as the US and Canada have increased their demand for the forklift to support the construction sector in the region.

The objective of the report is to present a comprehensive analysis of the Global Forklift Tire Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Forklift Tire Market dynamics, structure by analyzing the market segments and project the Global Forklift Tire Market size. Clear representation of competitive analysis of key players By Type of tire, price, financial position, product portfolio, growth strategies, and regional presence in the Global Forklift Tire Market make the report investor’s guide.
Scope of the Global Forklift Tire Market: Inquire before buying

Global Forklift Tire Market, By Type of tire

• Pneumatic Forklift Tires
• Solid Forklift Tires
• Cushion Forklift Tire
• Polyurethane Forklift Tires
Global Forklift Tire Market, By Sales Channel

• OEM
• Aftermarket
Global Forklift Tire Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Global Forklift Tire Market

• Bridgestone Corporation
• MICHELIN,
• Continental AG
• BKT
• China National Tire Rubber & Co.
• Yokohoma Corporation
• Camso
• Trelleborg AB
• The Yokohama Rubber Co. Ltd.
• Hankook
• Other

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