Forklift Tires Market Size and Share
| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 2.42 Billion |
| Market Size (2030) | USD 2.95 Billion |
| CAGR (2025 - 2030) | 4.00% |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Forklift Tires Market Analysis by Mordor Intelligence
The Forklift Tires Market size is estimated at USD 2.42 billion in 2025, and is expected to reach USD 2.95 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).
Forklift tires play a crucial role in the material handling equipment sector, ensuring smooth operations across industries such as manufacturing, logistics, construction, and retail. Designed to bear heavy loads, these specialized tires guarantee stability and optimal performance in diverse work settings. Their ability to withstand challenging environments makes them indispensable for industries that rely heavily on efficient material handling processes. Forklift tires are engineered to meet the specific demands of various applications, ensuring safety, reliability, and productivity in operations.
The forklift tires market has experienced steady growth, fueled by the e-commerce boom, increased warehouse automation, and robust expansion in logistics and manufacturing. As industries scale up their material handling activities to meet growing demand, the need for reliable and durable forklift tires has surged. Additionally, businesses are prioritizing operational efficiency and minimizing downtime, which has led to a preference for premium tires capable of enduring rigorous work conditions and ensuring uninterrupted operations. The rise in global trade and the expansion of supply chain networks have further amplified the demand for forklift tires, particularly in regions with high industrial activity.
Technological advancements are reshaping the forklift tires market, with manufacturers focusing on innovation to meet evolving industry needs. Significant investments in R&D are being directed toward enhancing wear resistance, load-bearing capacity, and energy efficiency. In sectors where cleanliness is critical, non-marking tires that prevent floor discoloration are gaining traction.
Moreover, the adoption of 'smart tires' equipped with sensors to monitor pressure, temperature, and wear is on the rise, aligning with the broader Industry 4.0 trend and offering real-time insights to optimize performance and maintenance. These innovations are not only improving the functionality of forklift tires but also helping businesses reduce operational costs and extend the lifespan of their equipment.
The growing emphasis on sustainability is also influencing the forklift tires market. Manufacturers are exploring eco-friendly materials and production processes to reduce the environmental impact of their products. This shift toward sustainable practices not only addresses regulatory requirements but also aligns with the increasing demand for environmentally responsible solutions from end-users. As a result, the market is witnessing the introduction of tires that combine durability with reduced ecological footprints.
Additionally, the integration of recycling initiatives and the development of retreaded tires are gaining momentum, further contributing to the sustainability goals of the industry.
Global Forklift Tires Market Trends and Insights
Solid Tires Dominate Market Share
In recent years, the forklift tires market has experienced a notable shift, with cushion tires gaining significant traction. This growth is closely tied to their ability to meet the evolving demands of material handling across a wide range of industries.
- As businesses prioritize efficiency and cost-effectiveness, cushion tires have emerged as a preferred choice, offering a combination of durability, adaptability, and performance.
Solid cushion tires, in particular, dominate the market due to their exceptional durability and extended lifespan. Unlike pneumatic tires, solid cushion tires are impervious to punctures and flats, which significantly reduces downtime and maintenance costs. This feature is especially critical in industries such as construction, manufacturing, and warehousing, where sharp debris and challenging environments are common. The reduced need for frequent replacements further enhances their cost-effectiveness, making them a practical choice for businesses aiming to optimize operational efficiency.
The adaptability of solid cushion tires has also played a pivotal role in their market leadership. These tires are available in a variety of compounds and tread patterns, allowing them to be customized for specific applications. Whether operating on smooth indoor warehouse floors or navigating rugged outdoor construction sites, solid cushion tires can be tailored to deliver optimal performance. This versatility has expanded their adoption across diverse industries, reinforcing their dominant position in the forklift tires market.
Looking ahead, the forklift tires market is expected to continue favoring solid cushion tires, driven by ongoing technological advancements. Innovations in tire design and materials are likely to further enhance their performance, durability, and adaptability. As industries increasingly demand reliable and cost-efficient solutions, solid cushion tires are well-positioned to maintain their market dominance in the years to come.
Asia-Pacific is the Fastest Growing Market
Asia-Pacific emerges as the leading contender in the forklift tires market, driven by robust growth in its industrial and logistics sectors.
Asia-Pacific, with its manufacturing and export-driven industries, is witnessing a rapid industrial expansion. Nations like China, India, Japan, and South Korea spearhead this industrial surge. As forklifts play a crucial role in material handling, the demand for forklift tires surges in tandem. The e-commerce explosion, coupled with a heightened emphasis on efficient supply chain management, has spurred an insatiable demand for warehouses and distribution centers. Within these operations, forklifts are indispensable, amplifying the need for durable tires tailored for high-traffic logistics hubs.
Countries across Asia-Pacific are channeling significant investments into infrastructure, spanning new ports, airports, and industrial parks. Forklifts, integral to construction and cargo handling at these venues, drive the demand for high-performance tires. As industries confront environmental challenges and champion energy efficiency, there's a marked pivot towards electric forklifts in the region. These modern forklifts often require specialized tires, unveiling new avenues for tire manufacturers.
Given the relentless pace of industrialization, urbanization, and infrastructure growth, Asia-Pacific stands ready to lead the demand for premium forklift tires, positioning itself as a focal point for tire manufacturers and suppliers eyeing the region's expanding market.
Competitive Landscape
In the moderately consolidated forklift tires market, both major and local players play pivotal roles. Key players such as Camso, Continental AG, Trelleborg AB, The Yokohama Rubber Co. Ltd, and Hankook, among others, frequently pursue acquisitions and collaborations. These partnerships, often with diverse firms in material handling and supply chain management, focus on product expansion and innovation. The competitive landscape is shaped by these strategic initiatives, enabling companies to strengthen their market presence and cater to evolving customer demands.
One of the key strategies employed by these players is the development of innovative products tailored to specific applications. For instance,
- In March 2025, at PROMAT 2025 held at McCormick Place in Chicago, Illinois, MAXAM Tire unveiled its industrial forklift tires, the MS600 and MS700, both equipped with EcoPoint3 Technology.
Forklift Tires Industry Leaders
-
Camso
-
Continental AG
-
The Yokohama Rubber Co. Ltd.
-
Hankook
-
Trelleborg AB
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- February 2024: Mitas Tires, a leading name in forklift tire manufacturing, has launched the FL-03 Forklift Tire, designed specifically for heavy-duty applications. The FL-03, crafted for 8-inch forklifts, features a continuous rib tread pattern that boosts vehicle stability and offers superior skid resistance.
- September 2023: Toyota Material Handling (TMH) has launched a new lineup of electric pneumatic forklifts, featuring both 48V and 80V models. Built for resilience, these forklifts are adept at traversing outdoor landscapes and functioning in various weather scenarios.
Global Forklift Tires Market Report Scope
Forklifts, a cornerstone of material handling, are indispensable across global industries. Central to their operation are the vital tires, which directly impact the performance, safety, and efficiency of these machines. These tires are available in various types, including pneumatic, solid, cushion, and polyurethane, each designed to cater to specific operational needs and environments.
The Forklift Tires market is segmented by type, sales channel, and geography. By type, the market is segmented into pneumatic forklift tires, solid forklift tires, and polyurethane forklift tires. By sales channel, the market is segmented into OEM and aftermarket. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. For each segment, market sizing and forecast have been done on the basis of value (USD).
| Pneumatic Forklift Tires |
| Solid Forklift Tires |
| Polyurethane Forklift Tires |
| OEM |
| Aftermarket |
| North America | United States |
| Canada | |
| Rest of North America | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Spain | |
| Rest of Europe | |
| Asia-Pacific | China |
| Japan | |
| India | |
| Rest of Asia-Pacific | |
| Rest of the World | South America |
| Middle-East and Africa |
| By Type | Pneumatic Forklift Tires | |
| Solid Forklift Tires | ||
| Polyurethane Forklift Tires | ||
| By Sales Channel | OEM | |
| Aftermarket | ||
| By Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Spain | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Rest of Asia-Pacific | ||
| Rest of the World | South America | |
| Middle-East and Africa | ||
Key Questions Answered in the Report
How big is the Forklift Tires Market?
The Forklift Tires Market size is expected to reach USD 2.42 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 2.95 billion by 2030.
What is the current Forklift Tires Market size?
In 2025, the Forklift Tires Market size is expected to reach USD 2.42 billion.
Who are the key players in Forklift Tires Market?
Camso, Continental AG, The Yokohama Rubber Co. Ltd., Hankook and Trelleborg AB are the major companies operating in the Forklift Tires Market.
Which is the fastest growing region in Forklift Tires Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Forklift Tires Market?
In 2025, the Asia-Pacific accounts for the largest market share in Forklift Tires Market.
What years does this Forklift Tires Market cover, and what was the market size in 2024?
In 2024, the Forklift Tires Market size was estimated at USD 2.32 billion. The report covers the Forklift Tires Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Forklift Tires Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Forklift Tires Market Report
Statistics for the 2025 Forklift Tires market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Forklift Tires analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
