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Report
Global Forestry Tire Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 165 Pages I EMR Inc.
Global Forestry Tire Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the forestry tire market size reached a value of USD 424.51 billion in 2023. Aided by the increasing demand for durable and efficient tires in the forestry sector and the growing applications of forestry tires in various forestry equipment, the market is projected to further grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of USD 638.14 billion by 2032.
Forestry tires are specialised tires designed to withstand the challenging conditions encountered in forestry operations. These tires are built to provide excellent traction, durability, and resistance to punctures and cuts, making them essential for various types of forestry equipment such as skidders, harvesters, forwarders, and loaders. The robust construction and superior performance of forestry tires ensure the efficient and safe operation of forestry machinery in demanding terrains.
The increasing demand for durable and efficient tires in the forestry sector is driving the forestry tire market growth. With the growing focus on enhancing productivity and safety in forestry operations, there has been a significant shift towards the adoption of high-performance forestry tires. Additionally, the rising trend of mechanisation in the forestry industry has further contributed to the increasing popularity of forestry tires, as they play a crucial role in ensuring the optimal performance of forestry equipment.
The expanding applications of forestry tires in various types of forestry equipment also play a significant role in propelling the market. In the logging sector, forestry tires are used on skidders, forwarders, and harvesters to ensure efficient logging operations. The construction and land management sectors utilise forestry tires on loaders and other heavy equipment for clearing and maintaining forested areas. Moreover, the agricultural sector benefits from forestry tires in managing forested lands and supporting agroforestry practices.
Further, the growing focus on sustainable and eco-friendly forestry practices has led to an increased demand for innovative forestry tire solutions. With the rise of environmentally conscious practices and the need to reduce the environmental impact of forestry operations, forestry tire manufacturers are increasingly focusing on developing sustainable and efficient products. This trend is expected to boost the forestry tire market expansion in the coming years, consequently driving up the forestry tire market share.
North America is a significant market for forestry tires, driven by the high demand for durable and efficient tires in the forestry sector. The region's focus on mechanisation and sustainable forestry practices is also supporting market growth.
Europe is a prominent market for forestry tires, with countries such as Sweden, Finland, and Germany leading the adoption of advanced tire solutions. The region's emphasis on sustainable forestry and efficient operations is driving the demand for innovative forestry tires.
As per the forestry tire market analysis, Latin American region is growing steadily, driven by the increasing demand for efficient and durable tires in logging and forestry operations. The region's focus on improving forestry infrastructure is also supporting market growth.
The Middle East and Africa region is experiencing growing demand for forestry tires, particularly in the construction and land management sectors. The region's emphasis on modernizing infrastructure and adopting advanced technologies is boosting the adoption of forestry tires.
Market Segmentation
The market can be divided based on type, application, sales channel, and region
Market Breakup by Type
- Pneumatic Tires
- Solid Tires
- Polymer-based Tires
Market Breakup by Application
- Tractors
- Trailers
- Forwarders
- Others
Market Breakup by Sales Channel
- Original Equipment Manufacturers
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Middle East and Africa
- Asia Pacific
- Latin America
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in forestry tire market. some of the major players explored in the report by expert market research are as follows:
- Continental AG
- Bridgestone Corporation
- Nortec Company
- Michelin Retread Technologies, Inc.
- Apollo Tyres Ltd.
- Yokohama TWS Holding AB
- Guizhou Tyre Co., Ltd. (GTC Group)
- Interco Tire Corporation
- JK Tyre & Industries Ltd.
- Titan International, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Forestry Tire Market Analysis
8.1 Key Industry Highlights
8.2 Global Forestry Tire Historical Market (2018-2023)
8.3 Global Forestry Tire Market Forecast (2024-2032)
8.4 Global Forestry Tire Market by Type
8.4.1 Pneumatic Tires
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Solid Tires
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Polymer-based Tires
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Forestry Tire Market by Application
8.5.1 Tractors
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Trailers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Forwarders
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Forestry Tire Market by Sales Channel
8.6.1 Original Equipment Manufacturers
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aftermarket
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Forestry Tire Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Forestry Tire Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Forestry Tire Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Forestry Tire Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Forestry Tire Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Forestry Tire Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Continental AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bridgestone Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nortec Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Michelin Retread Technologies, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Apollo Tyres Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Yokohama TWS Holding AB
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Guizhou Tyre Co., Ltd. (GTC Group)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Interco Tire Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JK Tyre & Industries Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Titan International, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Forestry Tire Market: Key Industry Highlights, 2018 and 2032
2. Global Forestry Tire Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Forestry Tire Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Forestry Tire Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Forestry Tire Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Forestry Tire Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
7. Global Forestry Tire Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
8. Global Forestry Tire Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Forestry Tire Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Forestry Tire Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Forestry Tire Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Forestry Tire Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Forestry Tire Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Forestry Tire Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Forestry Tire Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Forestry Tire Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Forestry Tire Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Forestry Tire Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Forestry Tire Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Forestry Tire Market Structure
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