The Solid Tyre Market is experiencing robust momentum driven by surging logistics and materials handling operations worldwide. Industry stakeholders are leveraging advanced materials and manufacturing techniques to enhance load-bearing capacity and durability. Strategic investments in emerging regions are reshaping the landscape, aligning with broader market trends.
Market Size and Overview
The Global Solid Tyre Market is estimated to be valued at USD 509.5 Mn in 2025 and is expected to reach USD 861.9 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032.
• A recent Solid Tyre Market Trends report from Q1 2025 highlights rising demand in port handling equipment, driving market revenue to record highs.
• Analysis of Solid Tyre Market size shows that Asia Pacific accounts for over 35% of industry share, supported by expanded warehousing capacity in China and India in 2024.
• The market scope now encompasses automotive service, mining, and airport ground support applications.
Market Drivers
• E-commerce Expansion: Global e-commerce shipments grew by 18% in 2024, catalyzing demand for forklift solid tyres; major warehouse operators reported a 12% reduction in downtime thanks to upgraded solid tyre units.
• Sustainability Mandates: In 2025, European ports adopted stricter CO₂ norms, boosting orders for long-lasting, non-pneumatic tyres with recycled rubber content.
• Operational Cost Optimization: A North American forklift fleet operator documented a 22% decrease in total cost of ownership in 2024 after switching to premium-grade solid tyres, underscoring market growth.
PEST Analysis
• Political: The EU’s 2025 Green Logistics Directive incentivizes use of durable solid tyres through tax credits, influencing procurement policies at major seaports.
• Economic: China’s industrial output rose by 5.1% in Q2 2025, prompting 15% year-on-year expansion of solid tyre production capacities in key manufacturing hubs.
• Social: Heightened workplace safety regulations in the US during 2024 mandated impact-resistant tyres for heavy-duty forklifts, driving replacement cycles.
• Technological: In late 2024, Michelin introduced IoT-enabled solid tyre sensors, revolutionizing predictive maintenance and enhancing market opportunities for smart tyre solutions.
Promotion and Marketing Initiative
• Continental AG’s “Zero Downtime” campaign (Q3 2024) leveraged case studies showcasing a 30% uptime increase in airport ground support vehicles, boosting brand visibility.
• CAMSO partnered with a leading mining firm in January 2025 to host live demos of diamond-cut tread solid tyres, resulting in a 20% sales uplift in APAC regions.
• Trelleborg AB launched an interactive VR booth at IMHX 2025, generating a 40% surge in qualified leads and reinforcing its market position.
Key Players
• CAMSO • Continental AG • Global Rubber Industries • Nexen Tire • Setco Solid Tire & Rim Assembly • Superior Tire & Rubber Corp. • Trelleborg AB • Tube & Solid Tire • TY Cushion Tire • Magna Tyres • Affix Cold Tread Company • Load-Star Solid Tyres Pvt. Ltd. • IRC Tire • JK Tyre • Michelin
Recent Strategies and Outcomes
• Continental AG expanded its Indian manufacturing facility in March 2025, boosting annual output by 25% and driving a 15% rise in market share.
• Nexen Tire introduced the DuraSolid X Series in Q4 2024, achieving a 10% reduction in wear rate and securing new contracts with major forklift OEMs.
• Michelin’s pilot of networked solid tyres in European ports (2024) delivered predictive insights that reduced unscheduled maintenance by 18%.
FAQs
1. Who are the dominant players in the Solid Tyre Market?
– Leading market players include CAMSO, Continental AG, Michelin, Nexen Tire, and Trelleborg AB, collectively accounting for over 50% industry share.
2. What will be the size of the Solid Tyre Market in the coming years?
– The market forecast indicates growth from USD 509.5 Mn in 2025 to USD 861.9 Mn by 2032 at a 7.8% CAGR.
3. Which end-user industry has the largest growth opportunity?
– Logistics and warehousing show the highest market opportunities, driven by e-commerce growth and automated material handling adoption in 2024–2025.
4. How will market development trends evolve over the next five years?
– Trends include smart IoT-enabled tyres, high-durability compound innovations, and regional capacity expansions in Asia Pacific.
5. What is the nature of the competitive landscape and challenges in the Solid Tyre Market?
– The competitive landscape is fragmented, with key companies investing in R&D and partnerships; challenges include feedstock price volatility and stringent environmental regulations.
6. What go-to-market strategies are commonly adopted in the Solid Tyre Market?
– Strategies involve digital campaigns showcasing total cost-of-ownership benefits, live product demos at trade fairs, and strategic tie-ups with OEMs for co-branded solutions.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
