Port & Industrial Tire Market Poised to Hit $12.11 Billion by 2029 with Accelerating Growth Trends

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Port & Industrial Tire Market Size Growth Forecast: What to Expect by 2025?
The growth of the port & industrial tire market size has seen a significant rise in recent times. It is projected to increase from $8.52 billion in 2024 to reach $9.08 billion in 2025, representing a compound annual growth rate (CAGR) of 6.6%. The increase during the historical period can be ascribed to factors such as the expansion of global trade, growth of industrialization and infrastructure, progression in the automotive industry, the optimization of supply chains, and replacement and maintenance cycles.

How Will the Port & Industrial Tire Market Size Evolve and Grow by 2029?
A significant surge is forecasted in the port & industrial tire market size in the coming years. It is projected to reach a value of $12.11 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. Various factors that are contributing to this growth within the projected period include the enlargement of e-commerce, emphasis on sustainability, the introduction of automation in material handling, worldwide infrastructure projects, alterations in trade and tariff policies, and recovery from the pandemic. Observing the anticipated trends, those that stand out include changes in worldwide trade dynamics, progression in tire design technology, the emergence of automation and robotics in material handling, increased attention to safety and environmental standards, and the escalation of e-commerce and last-mile delivery.

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What Drivers Are Propelling the Growth of Port & Industrial Tire Market Forward?
The surge in import and export tasks is poised to fuel the advancement of the port & industrial tire market in the future. The process of selling goods and services to an international country is defined as exporting, while importing refers to the acquisition of items from abroad and introducing them into one's own homeland. The primary application for port and industrial tires is found in the management of materials and the transfer of consignments from one location to another within a port zone. These activities necessitate robust tires for worldwide trading activities. As an example, the Government of Canada, the federal administration of the country, reported in August 2024 that domestic exports in the pharmaceutical industry in 2022 surged to 12.79, an increase from 10.71 in 2021. Meanwhile, imports also jumped to 30.21 from 26.63 in 2021. This upward trend in exports and imports indicates a growing pharmaceutical trade sector. Hence, the rise in import and export activities is bolstering the expansion of the port & industrial tire market.

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Which Emerging Trends Are Transforming the Port & Industrial Tire Market in 2025?
The burgeoning trend of product innovation is powerfully resonating in the port and industrial tire market. To solidify their position in the market, leading companies are zeroing in on the development of novel and innovative solutions. For example, in March 2022, the US firm The Goodyear Tire & Rubber Company, known for its tire manufacturing, launched two breakthrough specialized tires - the Endurance RSA ULT and Fuel Max RSA ULT - designed to enhance operations for last-mile delivery fleets and various commercial and industrial activities. The Fuel Max RSA ULT, a premium 19.5-inch tire, comes with Goodyear's Fuel Max Technology. This innovative technology uses a unique tread compound that offers reduced rolling resistance and thus boosts fuel efficiency, extends tire life, and helps to achieve lower per-mile costs. On the other hand, the Endurance RSA ULT incorporates IntelliMax Rib Technology to stiffen the tire tread which adds to the overall durability of the tire, ensuring it can withstand heavy-duty deliveries.

What Are the Key Segments in the Port & Industrial Tire Market?
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

Subsegments:
1) By Solid Tire: Non-Marking Solid Tires, Heavy-Duty Solid Tires
2) By PU Tires (Polyurethane Tires): Standard PU Tires, Specialty PU Tires
3) By Cushion Tires: Rubber Cushion Tires, Foam-Filled Cushion Tires
4) By Pneumatic Tires: Industrial Pneumatic Tires, Forklift Pneumatic Tires

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Who Are the Key Players Shaping the Port & Industrial Tire Market's Competitive Landscape?
Major companies operating in the port & industrial tire market include 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 Geographic Markets Are Powering Growth in the Port & Industrial Tire Market?
Asia-Pacific was the largest region in the port and industrial tires market in 2024. The regions covered in the port & industrial tire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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