The Solid Tyre Market remains a critical segment within the broader tyre industry, driving reliability across material handling, mining, and construction sectors. This analysis aligns with the heading by unpacking industry size, market growth factors, segment trends, and competitive dynamics shaping the Solid Tyre Market.
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.
According to our Solid Tyre Market Trends report, robust demand for puncture-free solutions in automated warehouses and stricter safety regulations underpin this market forecast. Rising investments in electric forklift fleets in 2024 fueled a 14% increase in solid tyre uptake, highlighting positive market dynamics and business growth prospects.
Market Segments
1. By Product Type: Sub-segments include Solid Block Tyres, Solid Pneumatic Tyres, and Cushion Tyres. Solid Block Tyres dominated revenue pools in 2025 with USD 230 Mn, driven by heavy manufacturing use. Solid Pneumatic Tyres emerged as the fastest-growing product, recording a 9.2% year-on-year volume surge in early 2025 due to enhanced shock absorption in mining applications.
2. By End-Use Industry: Material Handling, Automotive OEM, Construction and Mining. Material Handling (forklifts) remains the dominant end-user in 2025, accounting for 42% of global installations. The Construction segment posted the steepest rise—up 15% in H1 2025—spurred by demand for sustainable solid tyres on job sites.
3. By Distribution Channel: OEM and Aftermarket. OEM channels held the largest share in 2025, while Aftermarket demonstrated rapid growth at 8.5% in 2024, fueled by shorter maintenance cycles and subscription-based tyre maintenance services.
Market Drivers
A key market driver is the acceleration of warehouse automation and electric forklift adoption. In 2024, global electric forklift fleets grew by 22%, elevating demand for maintenance-free solid tyres. Stricter occupational safety policies in Europe and North America mandated zero-flat tyre usage, creating significant market opportunities. Furthermore, ongoing product innovations—such as bio-compound formulations introduced in late 2024—have improved durability by 18%, underscoring market growth strategies that capitalize on evolving industry standards and regulatory frameworks.
Segment Analysis
Focusing on Product Type, Solid Pneumatic Tyres demonstrated robust performance. Solid Tyre Market revenue for this sub-segment rose from USD 190 Mn in 2024 to USD 220 Mn in 2025, reflecting a 15.8% increase. A case study by Global Rubber Industries in Q3 2025 showed that replacing standard block tyres with solid pneumatic variants in mining haul trucks cut downtime by 30% and lowered lifecycle costs by 12%. This product’s cushion effect and compatibility with electric vehicles underscore its dominance and faster growth trajectory within the market analysis.
Consumer Behaviour Insights
Emerging Solid Tyre Market trends reveal three pivotal end-user shifts in 2024–2025:
1. Digital Procurement: A 2025 survey by Industry Analytics indicates 60% of fleet managers now purchase solid tyres via online B2B portals, up from 45% in 2024, driven by real-time inventory visibility.
2. Sustainability Preference: Feedback reports show 55% of buyers prioritize tyres with recycled rubber content, aligning with corporate ESG goals and fueling market opportunities for eco-friendly compounds.
3. Customisation Demand: 40% of respondents require bespoke tread patterns to optimize material handling efficiency, illustrating growing price sensitivity and demand for value-added services over standard offerings.
Key Players
Prominent market players include 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, and Michelin. In 2024–2025, Michelin launched a bio-based compound solid tyre line, boosting tyre revenue by 8% in H2 2024. CAMSO expanded APAC capacity with a new Indian plant in Q2 2025, adding 15,000 units monthly. Continental AG formed a Chinese JV in late 2024 to access aftermarket channels, securing USD 12 Mn in new orders by Q1 2025.
Key Winning Strategies Adopted by Key Players
1. IoT-Enabled Monitoring (Michelin, 2025): Michelin integrated smart sensors into solid tyres, enabling predictive maintenance that reduced unplanned downtime by 22%.
2. Localised Compounding (Nexen Tire, 2024): By sourcing regional rubber grades, Nexen cut lead times by 30% and lowered production costs per tyre by 12%, increasing competitive market share in Asia.
3. Service-Leasing Bundles (Trelleborg AB, 2025): Introducing subscription-based tyre leasing and on-site support, Trelleborg enhanced customer retention by 18% and converted 25% of OEM clients to long-term service agreements.
FAQs
1. Who are the dominant players in the Solid Tyre Market?
Leading companies include CAMSO, Continental AG, Michelin and Trelleborg AB, which collectively drive innovation in compounds, capacity expansions and digital solutions.
2. What will be the size of the Solid Tyre Market in the coming years?
The market is projected to grow from USD 509.5 Mn in 2025 to USD 861.9 Mn by 2032 at a CAGR of 7.8%, as per the market forecast.
3. Which end-use industry has the largest growth opportunity?
Material handling (forklifts) remains dominant, but the construction sector is the fastest-growing end-user, driven by infrastructure investments and sustainability mandates.
4. How will market development trends evolve over the next five years?
Expect rapid digital procurement, increased demand for recycled-compound tyres, IoT-enabled services and aftermarket-led maintenance bundles as key industry trends.
5. What is the nature of the competitive landscape and challenges in the Solid Tyre Market?
The landscape is moderately consolidated with high capital requirements. Primary challenges include raw material price volatility, regulatory compliance and technology integration costs.
6. What go-to-market strategies are commonly adopted in the Solid Tyre Market?
Key approaches include OEM partnerships, regional plant expansions, digital sales platforms, service-based leasing models and localisation of compound formulations.
Get More Insights On- Solid Tyre Market
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)
Comments
0 comment