Forklift Tire - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Forklift Tire Market is expected to grow at a CAGR of 8.5% during the forecast period. Some of the key factors propelling the growth of the market are the rapid expansion of retail and e-commerce sectors and a growing number of warehouses. However, adoption of cranes in large industries is the restraining factor for the growth of the market.
The forklift is one of the most common material-handling equipment that is being used in almost every industry around the globe. Forklift tires of different types are available which can be used for different applications.
By forklift type, the electric forklift segment is expected to grow at a significant market share during the forecast period owing to its low operating cost and fewer maintenance requirements. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period which is attributed to the growing usage of forklifts in countries like China, Japan, and South Korea.
Some of the key players in Forklift Tire Market include Trelleborg AB, Titan, The Yokohama Rubber Co. Ltd., Mitas, Michelin, Hankook, Continental AG, China National Tire Rubber & Co., Camso, Bridgestone Corporation, Aichi, and Advance Tire Inc.
• Cushion Tire
• Polyurethane Forklift Tires
• Solid Forklift Tires
• Pneumatic Forklift Tires
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
Forklift Types Covered:
• Internal Combustion (IC) Forklift
• Electric Forklift
• Freight and Logistics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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