Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Port & Industrial Tire Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Port & Industrial Tire Market Growth?
The market size of port & industrial tire has expanded significantly in recent years. It was $8.52 billion in 2024 and is projected to increase to $8.98 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%.
What Is the Predicted Industry Size and CAGR of the Port & Industrial Tire Market in 2029?
The port & industrial tire market is forecasted to reach a value of $11.54 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.5%.
Download the Free Sample Now:
Which Factors Are Driving Growth in the Port & Industrial Tire Market?
The key drivers in the port & industrial tire market are:
• Expansion of e-commerce operations
• Increased focus on sustainability and environmentally-friendly solutions
• Technological advancements and automation in material handling
• Recovery and policy changes post-pandemic which affect trade and global infrastructure projects
Which Segment Trends Are Covered in the Port & Industrial Tire Market Forecast?
The port & industrial tire market covered in this report is segmented –
1) By Tire Type: Solid Tire, PU Tires, Cushion Tires, Pneumatic Tires
2) By Vehicle Type: Stacker, Lift Truck, Terminal Tractor, Electric Forklift, IC Engine Forklift, IC Engine Industrial Trucks
3) By Sales Channel: OEM, After market
4) By Application: Forklift, Large Industrial Trucks, Hand Trucks, Pallet Trucks, Dump Trucks
Explore the Complete Market Report:
What Are the Current Market Trends in the Port & Industrial Tire Industry?
The key trends in the port & industrial tire market are:
• The port and industrial tire market is observing a trend towards innovative tire designs due to advancements in technology.
• Automation and use of robotics in material handling are key future trends in this market.
• More emphasis on safety and environmental standards is increasingly shaping the market trend.
• The growth of e-commerce and last-mile delivery is another emerging trend in the port and industrial tire market.
Who are the Key Companies in the Port & Industrial Tire Market?
Major players in the port & industrial tire market are:
• Continental AG
• Cheng Shin Rubber Industry Co. Ltd.
• Camso Tire Inc.
• The Goodyear Tire and Rubber Company
• Nokian Tyres PLC
• Bridgestone Corporation
• Balkrishna Industries Limited
• Michelin & Cie Cie en Commandite par Actions
• ATG Tires Inc.
• Firestone Tire and Rubber Company
• Xuzhou Armor Rubber Company Limited
• Maxxis International Co. Ltd.
• Sumitomo Rubber Industries Ltd.
• Titan Company Limited
• Trelleborg AB
• Advance Tire Co. Ltd.
• Hankook Tire & Rubber Co. Ltd.
• Cooper Tire & Rubber Company
• Yokohama Rubber Co. Ltd.
• Pirelli & C. S.p.A.
• Toyo Tire & Rubber Co. Ltd.
• Kumho Tire Co. Inc.
• Giti Tire Co. Ltd.
• Linglong Tire Co. Ltd.
• Double Coin Holdings Ltd.
What are the Regional Trends Across the Port & Industrial Tire Market?
Asia-Pacific was the largest region in the port and industrial tires market in 2024
