Material Handling Equipment Tire Market
Report ID: SQMIG25B2031
Report ID: SQMIG25B2031
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Report ID:
SQMIG25B2031 |
Region:
Global |
Published Date: January, 2025
Pages:
185
|Tables:
127
|Figures:
69
Global Material Handling Equipment Tire Market size was valued at USD 3.6 billion in 2024 and is poised to grow from USD 3.78 billion in 2025 to USD 5.63 billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026-2033).
Material handling tire equipment market trends, are spurred by increasing investment in industrial automation, growing role of e-commerce logistics, and continued infrastructure expansion in emerging economies. Distribution facility and warehouse operations are creating steady demand for solid resilient and pneumatic radial tires that are still dominant for usage based on durability and reliability in high-load applications. Non-marking tires and foam-filled tires are gaining acceptance in sectors where standard safety levels and workplace hygiene are a top priority, for instance, food, beverages, and pharmaceutical uses.
Sales of aftermarkets are expanding robustly as operators look for cost-effective maintenance options backed by increased online availability of suppliers of tires and skilled service providers. Retreading business is also contributing to growth as sustainability programs gain increased focus within industries. Asia-Pacific drives world demand with its top-tier manufacturing hub, while North America and Europe keep perfecting the distribution centers with cutting-edge material handling fleets. Product innovation in compound, tread pattern, and environmentally friendly formulating will drive long-term growth and reinforce competitiveness in the global marketplace.
How Artificial Intelligence Is Replacing Tire Performance Maintenance in Material Handling Equipment?
Artificial intelligence is being used extensively in the global material handling equipment tire market strategies to make it more efficient, safer, and easier to control by lifecycle. AI-based telematics solutions monitor tire wear, surface contact patterns, and load in real-time to facilitate predictive maintenance that minimizes downtime at warehouses and factories, global material handling equipment tire market strategies 2024. Computer vision technology is being utilized to inspect tire damage automatically, reducing human inspection mistakes.
Machine learning allows tire manufacturers to select the optimum tire for a particular duty cycle, trading durability against cost between solid, pneumatic, and non-marking tires. Used in combination with automated warehouse systems and automated guided vehicles, AI manages equipment according to tire wear patterns and performance, improving productivity with reduced risk of accidents. Implementation of predictive analytics and smart scheduling used together not only lengthens tire lifespan but also lowers total cost of ownership for operators, adding to competitiveness in highly automated logistics networks.
Market snapshot - 2026-2033
Global Market Size
USD 6.8 Billion
Largest Segment
Solid Resilient
Fastest Growth
Non-Marking
Growth Rate
6.93% CAGR
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Global Material Handling Equipment Tire Market is segmented by Tire Type, Equipment Type, Material, Application, Distribution Channel and region. Based on Tire Type, the market is segmented into Pneumatic Tires, Solid / Cushion Tires and Polyurethane Tires. Based on Equipment Type, the market is segmented into Forklifts, Stackers, Pallet Trucks, Reach Trucks and Cranes & Hoists. Based on Material, the market is segmented into Rubber, Polyurethane and Others. Based on Application, the market is segmented into Warehousing & Logistics, Manufacturing & Production and Construction & Heavy Industry. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Which Type of Tire Leads the Market and Which Segment is Growing Fastest?
Solid reliable tyres are the trend in material handling equipment tyres due to their long history of reliability, safety, and affordability. Solid reliable tyres are widely utilized in forklifts, reach trucks, and container handlers where heavy loads need to be shifted. There is close maneuverability, and they receive constant usage which requires greater strength and hardness. Features of puncture resistance and low maintenance make them completely desirable in heavy-duty applications, such as those in ports, warehouses, and factories. The high-load capacity and durable tires boast the largest market share in the world, driven by the world's e-commerce logistics boom and robot warehouses.
The sub-segment growth of non-marking tires will be the fastest, helped by industries where health, safety, and sustainability remain the top priorities. Non-marking tires find more use in retail distribution hubs, pharma production plants, and food processing plants since they keep black marks and floor scarring at bay but hold fast firmly to health and safety standards. Besides that, increasing demand for eco-friendly products and usage of automated guided vehicles in clean indoor environments also endorses their application. As industrial automation spreads globally, non-marking tires are expected to experience strong growth of momentum throughout the forecast period.
Which Equipment Segment Holds the Largest Demand and Which is Growing at the Fastest Pace?
Counterbalance forklifts account for the largest material handling equipment tire demand in the market because they are used most extensively in warehouses, factories, docks, and freight depots. They can carry loads of diverse nature, making them an irreplaceable asset in day-to-day operations. Solid resilient and pneumatic tires are mainly used in counterbalance forklifts to withstand frequent use, heavy cornering, and rough floors. With e-commerce growth, production upgradation, and world trade center modernization, counterbalance forklifts still rule out the largest portion of the consumption of tires in the world.
Telehandlers are the fastest-growing equipment sub-segment, with drivers being in higher demand in outdoor logistics, construction material handling, and heavy industry. Due to the boom extension and operation on uneven ground, they are highly adaptable for use in infrastructure construction, port, and farming. Greater investment in urbanization and renewable energy schemes is driving the adoption of telehandlers, which in turn reflects the demand for tire replacement. This trend is expected to reinforce telehandlers as the most dynamic growth area within the equipment segment through the forecast period.
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Why Does Asia-Pacific Remain the Largest Hub for Tire Demand In 2024?
According to the global material handling equipment tire regional forecast, the Asia-Pacific market is the world leader in the world material handling equipment tire market in 2024 with the assistance of its huge manufacturing base, powerful port infrastructure, and the fast growth of automated warehouses. Its leadership is backed by the development of e-commerce, forklift electrification, and largescale logistics modernization projects. Governments are investing in smart warehousing programs, and suppliers establish regional networks of services and products. Increasing demand for durable solids and advanced radials guarantees Asia-Pacific leadership boosted by sustainability efforts, predictive maintenance adoption, and localized manufacturing capability in dominant markets.
Material Handling Equipment Tire Market in Japan
As per the material handling equipment tire regional outlook, Japan’s material handling equipment tire market is shaped by advanced manufacturing and the widespread integration of robotics. Increased demand in 2024 was noted for severe and non-marking tyres to be applied in clean-room as well as high-precision logistics use. Fleet operators place importance on practicality, reliability from suppliers, and durability in products. Multiple-year agreements with tyre manufacturers continue to be an industry convention, ensuring consistency and adherence to high levels of safety and quality by industries.
Material Handling Equipment Tire Market in South Korea
As per the material handling equipment tire regional analysis, the South Korean material handling equipment tire market is driven by urban logistics density, compact warehouse designs, and the rapid adoption of automated guided vehicles. In 2024, demand increased for solid resilient tires that withstand frequent stop-start activity and electric forklift torque. Locally, environmentally certified products are sold, and aftermarket distributors compete based on providing fast services as well as industrial automation-based maintenance packages.
How Is North America Leading the Way with Modernizing Tire Demand by Electrification and Aftermarket Expansion?
According to the global material handling equipment tire market forecast, North America is the world's second-largest material handling equipment tire market share for 2024, led by strong fleet modernization efforts and increasing emphasis placed on electrification. Warehousing and logistics companies are considering solids and radials with more life and less rolling resistance. Regional aftermarket is being transformed by digital as predictive maintenance solutions, web-based shopping platforms, and mobile fleets of solutions to enhance accessibility. Additionally, utilization of retreads is gradually on the rise as firms reconcile cost savings with company sustainability goals, positioning North America in total market globally.
Material Handling Equipment Tire Market in United States
As per the material handling equipment tire market outlook, the United States material handling equipment tire market continues to grow as major e-commerce and retail chains expand automated distribution hubs. Long cycle length heavy-duty solids and pneumatic radials were more sought after in 2024. Fleets are adopting predictive maintenance and quick aftermarket resolutions, as tire manufacturers increase digital service equipment to enable uptime for various warehousing and logistics operations.
Material Handling Equipment Tire Market in Canada
As per the material handling equipment tire market analysis, the Canadian material handling equipment tire market reflects the country’s reliance on logistics to support remote regions and cross-border trade. In 2024, demand for tires was supported by retail distribution, agricultural, and mine-related storage businesses. Retrofit programme buys also grew more common as customers tried to trim expenditure without lowering environmental goals. Low temperature and low puncture performance are the most important, having influenced purchase planning and fueled partnering with specialty tyre technology suppliers.
How Does Europe Balance Sustainability with Tire Innovation?
According to global material handling equipment tire market trends, Europe will be the third-largest material handling equipment tyre market in the world in 2024, driven by the adoption of concepts of the circular economy along with stringent regulatory environments. The region is leading in taking the front row for retreading, non-marking tyres, and environmentally approved compounds with a view to attaining green levels in food, pharma, and retail supply chains. Seaports and warehouses upgrade fleets with predictive wear monitoring and low-energy compounds. Germany, the UK, and France are leading in the implementation of sustainability-oriented procurement policies with a view to enabling Europe to balance efficiency, security, and long-term environmental objectives in material handling systems.
Material Handling Equipment Tire Market in Germany
As per the material handling equipment tire industry analysis, the German material handling equipment tire industry reflects precision engineering and strict regulatory compliance. There was increasing demand in 2024 for energy-efficient compound- and tread-optimized tyres to enable automated warehousing. Waste reduction national policy drove retread utilization, and Industry 4.0 penetration compelled suppliers to provide digital monitoring and lifecycle management functionality.
Material Handling Equipment Tire Market in United Kingdom
As per the material handling equipment tire industry trends, the UK tyre sector for material handling equipment is transforming through port distribution automation modernization and upgrades. Fleets in 2024 required best non-marking and durable resilient tyres for urban centers of logistics. Predictive maintenance technologies and digital platforms are becoming mainstream to inventory management. Clients require suppliers who provide instant aftermarket availability and sustainable tyre products as per national sustainability priorities.
Material Handling Equipment Tire Market in France
As per the material handling equipment tire industry, the French material handling equipment tire market is shaped by sustainability goals and increasing urban logistics significance. Demand went up in 2024 for non-marking and foam-filled products for food and pharmaceutical applications. Retread programs are common for the sake of national circular economy policy. Buyers look for partners who can integrate cost savings with durability and then creatively handle post-purchase warehousing and distribution operations.
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Material Handling Equipment Tire Market Drivers
Growing Demand for Warehouse Automation and Logistics Growth
Sustainability And Adoption of Retreads Supports Long-Term Growth
Material Handling Equipment Tire Market Restraints
Raw Material and Energy Price Volatility
Operational Hazards of Asymmetrical Duty Cycles
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The global material handling equipment tire market statistics in 2024 is dominated by fierce competition among regional specialists and global tire giants supplying OEM and aftermarket segments. Industry leaders are claiming their space with R&D, premium tread compounds, and digital tracking systems with an eye toward driving electrified lift trucks, reach trucks, and automated guided vehicles. A greater focus on lifecycle cost savings has driven more utilization for retreading and recycled products, and sustainability programs have served as a differentiator in both the European and North American markets. In Asia-Pacific, the largest manufacturing and logistics center, suppliers are adding capacity to deliver greater output and investing in new distribution centers to meet surging demand from e-commerce, warehousing, and port traffic. Strategic partnerships with original equipment manufacturers, acquisitions of niche players, and expansions of service networks continue to be some of the competitive drivers. Each of these organizations individually needs to balance its own product life cycle, predictive maintenance integration, and sustainability certification if it is to be competitive in a very competitive global economy.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, key drivers of market growth include a steadily expanding market supported by structural shifts in warehousing, intralogistics, and port handling. Tyre demand is based on high utilization of equipment and the focus of the industry on uptime, with quality robust products continuing to be the workhorse in indoor application and pneumatic radials continuing outdoors and mixed surface. Non-marking and foam-filled tire technology is growing in hygiene-critical and automation-necessary marketplaces, and retreading is growing in importance with increased cost and sustainability pressure.
Competitive advantage comes from compound innovation, back-to-back tight-turn cycle requirement-optimized tire designs, fast delivery using distributor networks, and data-based maintenance lowering total cost per operating hour. The Asia-Pacific is the depth-of-production-driven consumption behemoth, with North America and Europe positioning fleets for productivity and security. Some of the watch points include volatility in the cost of natural and synthetic rubber input and trade tensions, but the adoption of channel digitization and predictive maintenance drives the long-term trend of mid-single-digit growth to 2032.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 3.6 billion |
| Market size value in 2033 | USD 5.63 billion |
| Growth Rate | 5.1% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Material Handling Equipment Tire Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Material Handling Equipment Tire Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Material Handling Equipment Tire Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Global Material Handling Equipment Tire Market size was valued at USD 6.8 Billion in 2023 and is poised to grow from USD 7.81 Billion in 2024 to USD 13.35 Billion by 2032, growing at a CAGR of 6.93% during the forecast period (2025–2032).
The global material handling equipment tire market statistics in 2024 is dominated by fierce competition among regional specialists and global tire giants supplying OEM and aftermarket segments. Industry leaders are claiming their space with R&D, premium tread compounds, and digital tracking systems with an eye toward driving electrified lift trucks, reach trucks, and automated guided vehicles. A greater focus on lifecycle cost savings has driven more utilization for retreading and recycled products, and sustainability programs have served as a differentiator in both the European and North American markets. In Asia-Pacific, the largest manufacturing and logistics center, suppliers are adding capacity to deliver greater output and investing in new distribution centers to meet surging demand from e-commerce, warehousing, and port traffic. Strategic partnerships with original equipment manufacturers, acquisitions of niche players, and expansions of service networks continue to be some of the competitive drivers. Each of these organizations individually needs to balance its own product life cycle, predictive maintenance integration, and sustainability certification if it is to be competitive in a very competitive global economy. 'Camso', 'Trelleborg Wheel Systems', 'Continental', 'Maxam Tire', 'BKT', 'Yokohama Off-Highway Tires', 'Marangoni Industrial Tyres', 'GRI (Global Rubber Industries)', 'Hankook Tire & Technology', 'Goodyear', 'Triangle Tyre', 'Linglong Tire'
Explosive growth in e-commerce and intralogistics has spurred strong dependence on forklifts, pallet trucks, and automated guided vehicles, leading to even tire consumption in warehouses, ports, and fulfillment centers. Uptime, consistent replacement patterns, and safe operation are priorities for users. In 2024, Asian-Pacific markets invested in resilient and pneumatic long-life tire fleets to solidify further market leadership in intensive logistics and warehousing use. This boosts the global material handling equipment tire market growth.
Predictive Maintenance and Digital Monitoring Revolutionizes Fleet Operations: This is done not by reactive control, but by continuous smart data over the performance of tires. Telematics, artificial intelligence, and autonomous temperature, load cycle, and tread wear monitoring systems are fast being fitted in fleets. The modification allows for preventive replacement, reduces downtime, and increases casing life. In 2024, warehouse operators in Asia-Pacific and North America widely deployed predictive tools, lowering operational costs and improving fleet reliability. This is one of the key trends driving the global material handling equipment tire market.
Why Does Asia-Pacific Remain the Largest Hub for Tire Demand In 2024?
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