North America Forklift Tire Market Size, Share, Growth and Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of North America forklift tire Market

The North America forklift tire market continues to expand steadily, supported by rapid growth in e-commerce, advanced warehousing, and increased adoption of automated material-handling equipment. According to the latest industry assessment, the market size reached USD 631.3 million in 2024, driven by demand from warehouses, distribution centers, construction sites, and industrial facilities. The market is expected to rise to USD 708.6 million in 2025, propelled by expansion in logistics and manufacturing. Looking ahead, the market is projected to reach USD 1,161.5 million by 2032, supported by technological innovation, higher forklift production, and the growing trend of forklift electrification.

Market Insights and Key Components of Forklift Tires

Forklift tires are engineered to support heavy loads, withstand intense maneuvers, and operate across indoor and outdoor environments. The market primarily includes pneumatic tires and solid tires. Pneumatic tires provide cushioned mobility across rough terrains, while solid tires-known for durability and puncture resistance-dominate indoor warehouse applications. Increasing warehouse automation and demand for fleet optimization remain key contributors to the USD 631.3 million valuation in 2024, with rising industrial expansions expected to push the market to USD 708.6 million in 2025.

Market Trends: Rise of Smart Tires and Electrification

A prominent trend in the region is the increasing adoption of smart tires integrated with sensors. As companies shift toward electric and hybrid forklifts, demand grows for advanced solid and pneumatic tires compatible with automated operations. Smart tires support predictive maintenance, reduce downtime, and boost safety across warehouse environments. The rise of electrification in 2024 and 2025 accelerates this transformation, contributing significantly to the market's projected rise to USD 1,161.5 million by 2032.

Market Drivers: Cost Benefits of Retread Tires

One of the strongest market drivers is the increasing adoption of retreaded tires, which offer substantial cost savings for logistics companies and distribution centers. Retreading reduces tire procurement expenses by 55-75%, presenting a major advantage for businesses operating large forklift fleets. Forklift-intensive industries such as manufacturing, retail, and warehousing prefer retreaded tires to extend tire life cycles, reduce waste, and meet sustainability targets. Market consolidation and acquisitions-such as Purcell Tire & Rubber Co.'s acquisition of Jack's Tire and Oil Management Co. Inc. in 2024-enhance the availability of high-quality retread services across North America.

Market Restraints: Perceived Safety Risks of Retread Tires

Despite their benefits, concerns over performance reliability limit the adoption of retread tires. End-users remain cautious regarding durability under extreme loads, high heat conditions, or long operating hours. Inconsistent retreading quality standards and the potential for premature tire failure pose challenges for widespread acceptance. Industry bodies such as TRIB encourage stronger safety protocols, yet varying enforcement levels may restrain market growth through 2032.

Market Opportunities: E-commerce Expansion and Warehousing Growth

The expansion of e-commerce, ongoing warehouse construction, and increased investment in logistics infrastructure create major growth opportunities. As fulfillment centers grow and material-handling operations intensify, demand rises for new forklift fleets and tire replacements. Sectors such as construction, mining, and heavy manufacturing continue to expand forklift usage, prioritizing cost-effective retreading to manage operational expenses effectively.

Segmentation Highlights

By Type

The new tire segment held the largest share in 2024, driven by rising adoption of electric forklifts and warehouse automation. Amazon's deployment of autonomous forklifts in 2024 further elevated the need for high-performance new tires. The retreaded tire segment remains strong due to demand for customized tires suited to extreme operational environments.

By Tire Type

Solid tires dominated in 2024, supported by their use in construction, metal fabrication, recycling, and high-load industrial applications. Radial tires represent the second-largest segment, offering longer tread life and lower rolling resistance.

By Retread Process Type

The pre-cure retread process led the market due to cost efficiency and reliable performance. Mold-cure retreads remain preferred for off-road and high-temperature environments.

Regional Overview

The U.S. market reached USD 458.2 million in 2024, supported by heavy e-commerce activity and technology-driven warehouse operations. Canada demonstrated strong adoption of advanced retread solutions, while Mexico's growth is fueled by industrial expansions and infrastructure projects, including the government's inter-oceanic corridor initiative.

Competitive Landscape

Major players include Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Continental AG, Camso Inc., Superior Tire & Rubber Corp., Parrish Tire Company, and Treadwright. These companies prioritize innovation, acquisitions, and sustainable retreading technologies to strengthen market presence.

Segmentation By Type

• New Tire
• Replacement Tire
• Retreaded Tire

By Tire Type

• Radial
• Bias
• Solid

By Retread Process Type

• Pre-Cure
• Mold-Cure

By Retread Tire Type

• Radial
• Bias
• Solid

By Country

• U.S.
• Canada
• Mexico