Global Solid Tire Market is Estimated to Reach $XX Billion by 2025, Says Accurize Market Research
Global Solid Tire Market report published by Accurize Market Research forecast that the global market is expected to reach $XX billion by 2025 from XX Billion in 2017; growing at a CAGR of XX% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rise in mining activities and building machinery with demanding requirement for solid tire would drive the market
Upsurge in growth of the mining automobiles and building machinery with demanding requirement of solid tirefuels the demand for the global solid tire market. Moreover,growing urbanization and industrialization which have surged the demand for port machinery, forklifts and other industrial vehicles also boost the growth of the market.
The global solid tire market has been bifurcated on the basis of type, application, and geography, and geography. By type segment, the bifurcation is given as cured on solid tire, and pressed on solid tire. Division by application includes engineering vehicles, construction machinery, military vehicles, and other applications.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Top players in the market
The key market players include Continental AG, MICHELIN, Trelleborg AB, NEXEN TIRE AMERICA INC., Tube & Solid Tire Limited, Superior Tire & Rubber Corp,TY Cushion Tire, Setco Solid Tire & Rim Assembly, Global Rubber industries (GRI), and CAMSO among others.
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