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North America Solid Tires Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

North America Solid Tires Market- (By Assembly Type- Made on Frame /Wheel and Made on Rim; By Vehicle- Forklift, Tractor, Crane & Lifts, Container Trailer, Airport Passenger Boarding Bridges and Others; By Application- Construction Machinery, Warehouse Machinery, Agriculture Equipment, Military Vehicles, Air & Sea Ports Machinery and Others (Transport); and By Country) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published Date: May-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0522243  | Delivery: 2 to 4 Hours
North America Solid Tires Market

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A solid tire or an airless tire is a pneumatic tire that is not filled with any air but is manufactured using layers of rubber that are constructed around a metal frame or a wheel structure that can be mounted to a specific vehicle.

Rising demand for solid tires is mainly due to their long durability, maintenance-free, puncture-resistant features, and are economical.

Most solid tires are used primarily for industrial or lightweight industrial applications on large tractors and trucks that are prone to road and ground hazards.

The North America solid tires market had witnessed a slight decline post the outbreak of the COVID-19 pandemic due to a massive dip in commercial activities and retail spending.

The expected growth rate of the North America solid tires market is 5.7%, with an estimated value of US$ 540.1 Million by 2027. 

Warehouse machinery holds the major share in terms of revenue in the market.

Factors such as ongoing construction activities in the region and escalating demand from various applications will boost the North America solid tires market during the forecast period. 

Availability of solid tire substitutes in the market is a restraining factor that inhibits the growth of the market during the forecast period.

The made-on frame/wheel segment is expected to project the highest CAGR over the forecast period in the North America solid tires market.

Assembly type, vehicle, application, and country are the different segments of the North America solid tires market.

Ongoing trend in technical developments of solid tire material and airless tires being hyped as future of mobility with concentrated maintenance specifications.

US holds the major share in terms of revenue in the North America solid tires market in 2021.

The key players operating in the market include Continental AG, Ecomega Europe Industries, Industrial Rubber Company, Global Rubber Industries, Maxam Tire, Nexen Corporation, Setco Solid Tire and Rim Assembly, SimpleTire and Michelin among others.