The Construction Tire Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Construction Tire Market?
The construction tire market has seen consistent growth in the past years. The market size is expected to increase from $1.71 billion in 2024 to $1.78 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Construction Tire Industry?
The Construction Tire market is anticipated to increase to a value of $2.19 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%.
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What are the Key Growth Drivers Fueling the Construction Tire Market?
The key drivers in the construction tire market are:
• The adoption of sustainable practices in the construction industry
• The use of autonomous vehicles in construction
• The global economic outlook impacting construction activity
• Initiatives related to the circular economy and climate change considerations
Global Market Segmentation: Identifying Major Construction Tire Industry Segments
The construction tire market covered in this report is segmented –
1) By Tire Type: Radial, Bias, Solid, Other Tire Type
2) By Equipment Type: Excavators, Backhoe, Bulldozers, Graders, Wheel Tractor Scraper, Trenchers, Loaders, Tower Cranes, Compactors, Other Construction Equipment
3) By Tire Size: Less Than 20”, 21” To 30”, 31” To 40”, 41” To 50”, 51” To 60”, More Than 61”
4) By Sales Channel: Original Equipment Manufacturer(OEM), After market
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What are the Emerging Trends Shaping the Future of the Construction Tire Market?
The key trends in the construction tire market are:
• Digital transformation is an emerging trend in the construction tire market.
• There's a rising demand for specialty tires in the market.
• Global economic factors are increasingly shaping the future of this market.
• Technological advancements and regulatory compliance are starting to influence the market's direction.
Who Are the Top Competitors & Leading Players in the Construction Tire Market?
Major companies in the construction tire market are:
• Bridgestone Corporation
• Apollo Tyres Ltd.
• China National Tire & Rubber Co. Ltd.
• CEAT Ltd.
• Cooper Tire & Rubber Company
• Continental AG
• Hangzhou Zhongce Rubber Co. Ltd.
• Giti Tire
• Kumho Tire Co.Inc.
• Hankook Tire & Technology Co. Ltd.
• Nexen Tire Corporation
• Michelin
• Pirelli & C. S.p.A.
• Nokian Tyres Plc.
• Sumitomo Rubber Industries Ltd.
• Qingdao Fullrun Tyre Corp. Ltd.
• Balkrishna Industries Limited
• Double Coin Tyre Group Ltd.
• Prometeon Tyre Group S.R.L.
• The Goodyear Tire & Rubber Company
• Titan International Inc.
• Trelleborg AB
• Triangle Group Co. Ltd.
• Yokohama Tire Corporation
• Otani Tire Co. Ltd.
• Linglong Tire Co. Ltd.
• Guizhou Tyre Co. Ltd.
• Shandong Linglong Tire Co. Ltd.
• Sailun Group Co. Ltd.
• Kenda Rubber Industrial Co. Ltd.
• Techking Tires Ltd.
• Birla Tyres
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the construction tires market in 2024
