SOLID TYRE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

Global Solid Tyre Market Size and Forecast – 2025-2032

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.

Key Takeaways of the Global Solid Tyre Market

• The curled‑on solid tyres segment dominates the market, holding an estimated share of 56.2% in 2025.
• North America is expected to remain the leading regional market, accounting for 36.8% share in 2025.
• Asia Pacific is projected to be the fastest-growing region, with a market share of 31.3% in 2025.

Market Overview

The solid tyre market is experiencing a significant upward trend, driven by the increasing demand for industrial equipment and the growing construction sector. The durability and low maintenance requirements of solid tyres make them useful in harsh environments such as mining, construction, and waste management. Also, electric vehicles are witnessing a lot of adoption in the industrial sector, which is adding to the demand for solid tyres, as they offer better energy efficiency and longer service life compared to traditional pneumatic tyres.

Current Events and Its Impact

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Segmental Insights

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Global Solid Tyre Market Insights, by Product Type – Increased Demand for Heavy-duty Equipment Drives Curled-on Solid Tyres Market Growth

The curled-on solid tyres segment is expected to contribute the highest share of 56.2% in the market in 2025 owing to the rising demand for heavy-duty equipment across various industries. Curled-on solid tyres can withstand heavy machinery, such as forklifts, construction equipment, and mining vehicles. As these sectors continue investing in advanced machinery, by extension, the demand for high-performance tyres that can handle heavy loads and harsh working conditions increases.

Curled-on solid tyres can be used in both indoor and outdoor environments, including warehouses, ports, factories, and construction sites. The ability to operate efficiently on different surfaces, such as concrete, asphalt, and rough terrain, also adds to their appeal to end users. In 2024, DP World, a major global logistics company, expanded operations at its Nhava Sheva Port Terminal in India, deploying a new fleet of heavy-duty reach stackers and container handlers equipped with Camso curled-on solid tyres.

Pricing Analysis of the Solid Tyre Market

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Regional Insights

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North America Solid Tyre Market Analysis and Trends

North America, holding a share of 36.8% in 2025, is expected to dominate the global solid tyre market. The region has strong market ecosystem, with key industry players and advanced manufacturing capabilities. Also, the region is seeing trade partnerships and efficient distribution networks, which have greatly added to the widespread adoption of solid tyres. Notable companies like Michelin, Goodyear, and Bridgestone have significantly contributed to the market's growth through their extensive product portfolios and innovative solutions. For instance, Trelleborg has developed “Pit Stop Line” technology, embedded into its solid tyre products to indicate wear status.

Asia Pacific Solid Tyre Market Analysis and Trends

The Asia Pacific region, holding a share of 31.3% in 2025, is expected to exhibit the fastest growth in the global solid tyre market. The rapid industrialization and infrastructure development in countries like China, India, and Southeast Asian nations have fueled the demand for solid tyres in the region.

Local players, such as Trelleborg, Solidite, and Camso, have been instrumental in catering to the region's growing needs, while international companies have also established a strong presence to tap into the market's potential. In January 2024, Yokohama launched the Galaxy MFS 101 SDS, a super deep tread solid tyre designed for extreme-duty forklift operations.

Global Solid Tyre Market Outlook for Key Countries

U.S. Solid Tyre Market Analysis and Trends

The U.S. solid tyre market has a mature and technologically advanced landscape. The country's stringent safety regulations and emphasis on worker protection have driven the adoption of solid tyres in industries such as construction, mining, and material handling. Key players like Goodyear and Michelin have a strong presence in the U.S., offering a wide range of solid tyre solutions tailored to specific applications.

China Solid Tyre Market Analysis and Trends

China solid tyre market is seeing a lot of growth, driven by the country's rapid industrialization and infrastructure development. The government's focus on modernizing manufacturing facilities and expanding transportation networks has added to the demand for solid tyres in different sectors. Companies like Maxam Tire and Shandong Zhentai have created a strong foothold in the China, while also expanding their export presence.

Germany Solid Tyre Market Analysis and Trends

Germany has a strong manufacturing sector and advanced technological capabilities, which is benefitting the region's market. German companies like Continental and Trelleborg have been at the forefront of innovation, developing advanced solid tyre solutions that offer improved wear resistance, reduced vibration, and enhanced energy efficiency.

India Solid Tyre Market Analysis and Trends

India solid tyre market is also seeing fast growth, resulting from the country's expanding industrial sector and increasing infrastructure investments. The government's initiatives to promote domestic manufacturing and attract foreign investments have created a supportive environment for the solid tyre market. Indian companies like BKT and TVS Eurogrip are acting as key players, offering different solid tyre solutions for different industries.

Market Players, Key Development, and Competitive Intelligence

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Key Developments

• In December 2024, CEAT and Michelin entered a definitive agreement for CEAT to acquire Camso brand’s off-highway construction equipment bias tire and tracks business from Michelin in an all-cash deal valued at about USD 225 million.
• In December 2023, JK Tyre launched 11 new Off-the-Road (OTR) tyres at CII EXCON 2023, South Asia’s largest construction equipment trade fair in Bangalore, India. One of the highlights was the JK Tyre 18.00–25 40PR Port Champion Plus, a Next-Gen Port Tyre designed specifically for Reach Stackers (container handling equipment).
• In November 2023, Continental AG introduced an updated ContiPT18 solid tyre with new tread wear indicators into its material handling portfolio.
• In September 2022, Emerald Resilient Tyre Manufacturers Pvt Ltd launched a new range of solid skid-steer tyres at the IMHX 2022 exhibition in association with the company’s U.K. distributor, World Wide Tyre Marketing (Fork Truck Tyres Ltd).

Top Strategies Followed by Global Solid Tyre Market Players

• Established players heavily invest in research and development (R&D) to innovate high-performance products.
  • Michelin makes heavy investment in R&D to develop cutting-edge technologies. For example, in 2024, the company launched an upgraded version of its CAMSO RES XTRA solid forklift tyres featuring an advanced wear-resistant compound and low rolling resistance for energy-efficient electric forklifts.

• Mid-level players often prioritize cost-effective solutions to attract price-sensitive consumers and establish themselves as viable alternatives to premium brands.
  • In 2023, GRI launched its Ultimate XT solid tyre series aimed at medium-duty forklift operations.

• Small-scale players focus on specific market segments or develop unique product features to carve out a distinct market position.
  • Setco has specialized in custom-engineered solid tyres for underground mining equipment, where conventional pneumatic tyres are not viable due to puncture risks. In 2023, the company introduced a high-durometer compound tailored for scrap yard loaders and waste transfer stations.

Market Report Scope

Solid Tyre Market Report Coverage

Market Dynamics

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Global Solid Tyre Market Driver - Rising Demand in E‑commerce/Warehousing

As online shopping continues to gain popularity, the need for efficient and reliable material handling equipment in warehouses has increased exponentially. Solid tyres offer durability and puncture resistance, and they require low maintenance. Due to this, they have become the preferred choice for forklifts, pallet trucks, and other industrial vehicles used in e-commerce operations. These operations need equipment that can withstand constant use without frequent downtime due to tyre-related issues. In 2024, Amazon India announced the expansion of its fulfilment network by over 20%, adding more than 2 million sq. ft. of warehouse space. Such expansion initiatives will create demand for solid tyres.

Global Solid Tyre Market Opportunity - Adoption in AGVs and Automation

Automated Guided Vehicles (AGVs) are self-guided, computer-controlled vehicles that are largely used in manufacturing, warehousing, and logistics operations to transport materials and goods. These vehicles often operate in demanding environments, such as factories and warehouses, where they have to handle heavy loads, uneven surfaces, and sometimes, even debris. Solid tyres are used in AGVs because they are durable and puncture resistant, and require low maintenance. In 2024, Toyota Material Handling began equipping its automated guided vehicles (AGVs) with solid rubber tyres to improve safety and reduce maintenance in industrial logistics.

The growing trend towards Industry 4.0 and smart manufacturing adds to the adoption of AGVs, and, by extension, creates a market opportunity for solid tyre manufacturers. By targeting the AGV segment and developing tyres specifically designed for automated vehicles, manufacturers can tap into this expanding market.

Analyst Opinion (Expert Opinion)

• As automation deepens in material handling, OEMs are integrating sensor-embedded solid tyres capable of transmitting wear, heat, and load data—supporting predictive maintenance in AGVs and autonomous forklifts. This opens up many new opportunities for innovation.
• With the rapid shift toward electric forklifts and equipment, especially in regulated indoor environments, tyre manufacturers are shifting R&D toward low rolling resistance compounds and anti-static solid tyres, prioritizing energy efficiency and safety compliance over brute durability.
• Solid tyres, usually used in warehousing and construction, are now finding use in airport ground support, indoor hospital logistics, and military supply bases—where puncture-proof mobility and low-noise operation are critical. Manufacturers should focus on this diversification, capitalizing on the shift toward specialized, non-industrial verticals.

Market Segmentation

•  Product Type Insights (Revenue, USD Mn, 2020 - 2032)
  • Curled‑on Solid Tyres
  • Press‑on Bands
  • Super-elastic Tyres
• Regional Insights (Revenue, USD Mn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • 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
  • Michelin

Sources

Primary Research Interviews

Stakeholders

• Logistics and Warehousing Managers (e.g., Fleet Operations Heads, Inventory Movement Specialists)
• Solid Tyre Manufacturers and Distributors (e.g., Trelleborg, GRI, Setco, etc.)
• Forklift and Industrial Vehicle OEMs (e.g., Toyota Material Handling, Jungheinrich)
• Maintenance Supervisors and Procurement Heads in Ports, Airports, and Warehouses
• Automation and AGV Integrators in Industrial Settings
• Sustainability Experts focusing on Rubber Recycling and Non-Pneumatic Tyre Solutions

Databases

• Asia Pacific Industrial Logistics Archive
• U.S. Bureau of Transportation Statistics
• Global Trade & Equipment Logistics Dataset (GTELD)
• OECD Transport and Warehousing Indicators

Magazines

• Industrial Mobility Review
• Tire Technology International – Solid Tyre Edition
• Material Handling Journal
• Warehouse Equipment Digest

Journals

• Journal of Industrial Transportation and Equipment Design
• Rubber and Polymer Engineering Advances
• Journal of Automation and Warehouse Systems
• Tire Science and Technology Journal

Newspapers

• The Loadstar (UK)
• Material Handling News Asia
• Fleet Management Times (USA)
• The Economic Times (India)

Associations

• International Solid Tyre Manufacturers’ Consortium (ISTMC)
• Rubber Industry Development Council (RIDC)
• Material Handling Equipment Distributors Association (MHEDA)
• Asia-Pacific Tyre Exporters Union (APTEU)
• American Industrial Tyre Association (AITA)

Public Domain Sources

• U.S. Bureau of Transportation Statistics
• EUROSTAT
• United Nations Conference on Trade and Development (UNCTAD)
• World Bank
• ResearchGate

Proprietary Elements

• CMI Data Analytics Tool, Proprietary CMI Existing Repository of information for last 8 years