The Port And Industrial Tire Global Market Report 2023, provides comprehensive information on the port and industrial tire market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s Global Market Report for 2023, the port and industrial tire market on a global scale is poised for robust expansion. Forecasts indicate a significant upswing, with the market size anticipated to increase from $7.67 billion in 2022 to an impressive $8.25 billion in 2023, exhibiting a notable compound annual growth rate (CAGR) of 7.6%. However, the global economic landscape has encountered turbulence in the wake of the Russia-Ukraine conflict, which has temporarily hindered post-COVID-19 recovery efforts. This geopolitical strife has precipitated economic sanctions, surges in commodity prices, supply chain disruptions, and inflationary pressures across various sectors, casting a shadow on global markets. Nonetheless, the port and industrial tire market is projected to regain momentum, with expectations of reaching $10.61 billion by 2027, driven by a CAGR of 6.5%. This highlights the enduring resilience and growth potential of this industry, despite current challenges on the global stage.
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A significant trend shaping the landscape of the port and industrial tire market is the burgeoning focus on product innovations. Notably, leading companies in the sector are dedicated to forging new, cutting-edge solutions that fortify their market positioning. An exemplary instance of this dynamic is illustrated by The Goodyear Tire & Rubber Company, a prominent U.S.-based tire manufacturing entity. In March 2022, Goodyear introduced the groundbreaking Endurance RSA ULT and Fuel Max RSA ULT, exemplifying a commitment to innovation in specialized tires tailored for last-mile delivery fleets and diverse commercial and industrial applications.
The Fuel Max RSA ULT is Goodyear’s premium offering, featuring a 19.5-inch design enriched with state-of-the-art attributes, such as Goodyear’s Fuel Max Technology. This technology integrates a specialized tread compound, meticulously engineered to reduce rolling resistance, thereby promoting enhanced fuel efficiency. Additionally, it delivers an extended tire lifespan, ultimately resulting in a reduced cost per mile, which is a significant boon for businesses. Meanwhile, the Endurance RSA ULT incorporates the innovative IntelliMax Rib Technology, strategically designed to augment the rigidity of the tire tread. This reinforcement grants the tire heightened durability, an invaluable asset for the demanding world of deliveries and industrial operations.
This compelling emphasis on innovation underscores the tire market’s commitment to not only meeting but exceeding the evolving demands and expectations of diverse industries, a testament to the forward-thinking approach of industry leaders. The quest for enhanced performance, longevity, and cost-effectiveness remains a driving force behind these innovative endeavors, setting the stage for a dynamic and exciting future in the port and industrial tire market.
The port and industrial tire market is segmented:
1) Port And Industrial Tire Market By Tire Type: Solid Tire, PU Tires, Cushion Tires, Pneumatic Tires
2) Port And Industrial Tire Market By Vehicle Type: Stacker, Lift Truck, Terminal Tractor, Electric Forklift, IC Engine Forklift, IC Engine Industrial Trucks
3) Port And Industrial Tire Market By Sales Channel: OEM, Aftermarket
4) Port And Industrial Tire Market By Application: Forklift, Large Industrial Trucks, Hand Trucks, Pallet Trucks, Dump Trucks
Top Major Players
Cheng Shin Rubber Industry Co.
The Goodyear Tire and Rubber Company
Asia-Pacific was the largest region in the port and industrial tire market in 2022.
The table of contents in TBRC’s port and industrial tire market report includes:
1. Executive Summary
2. Port & Industrial Tire Market Characteristics
3. Port & Industrial Tire Market Trends And Strategies
4. Port & Industrial Tire Market – Macro Economic Scenario
5. Port & Industrial Tire Market Size And Growth
…….
26. Africa Port & Industrial Tire Market
27. Port & Industrial Tire Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Port & Industrial Tire Market
29. Port & Industrial Tire Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Port & Industrial Tire Market, Segmentation By Tire Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Port & Industrial Tire Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Port & Industrial Tire Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……..
Table 47: Continental AG Financial Performance
Table 48: Cheng Shin Rubber Industry Co. Financial Performance
Table 49: Camso Tires Financial Performance
Table 50: The Goodyear Tire and Rubber Company Financial Performance
Table 51: Nokian Tyres PLC Financial Performance
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