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, growing at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032.
Report Coverage |
Report Details |
Base Year: |
2024 |
Market Size in 2025: |
USD 509.5 Mn |
Historical Data for: |
2020 To 2024 |
Forecast Period: |
2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: |
7.80% |
2032 Value Projection: |
USD 861.9 Mn |
Solid tyres, also known as press-on tyres or cushion tyres, are made entirely of solid rubber or other polymeric materials, without any air-filled cavity. These tyres offer superior resistance to punctures, cuts, and wear, making them useful in harsh operating conditions. The market will continue to see growth due to the expanding construction, mining, and material handling sectors worldwide.
Market Dynamics
The global solid tyre market is influenced by a multitude of factors, including drivers, restraints, and opportunities. One of the primary drivers of the market is the growing demand for material handling equipment, such as forklifts and industrial tractors, in various industries. The expansion of the construction and mining sectors, particularly in emerging economies, is also adding to the adoption of solid tyres. Moreover, the superior durability and low maintenance requirements of solid tyres make them an attractive choice for applications where downtime is costly. However, solid tyres can cost higher compared to pneumatic tyres, and they offer limited speed and load-carrying capacity. This can affect the market growth. Nevertheless, the development of advanced polymeric compounds and the incorporation of smart features, such as embedded sensors for predictive maintenance, will open up new areas of growth that market players should explore.
Key Features of the Study
- This report provides in-depth analysis of the global solid tyre market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global solid tyre market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study 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
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global solid tyre market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global solid tyre market
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