Construction Tire Market Report 2025

The construction tire market size has grown steadily in recent years. It will grow from $1.71 billion in 2024 to $1.78 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to economic conditions, infrastructure development, regulatory standards, raw material prices, global trade dynamics, end-user industries.

The construction tire market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to sustainable practices, autonomous vehicles in construction, global economic outlook, circular economy initiatives, climate change considerations. Major trends in the forecast period include digital transformation, demand for specialty tires, global economic factors, regulatory compliance, technological advancements.

The rise in smart city projects worldwide is anticipated to drive growth in the construction tire market. Smart cities are defined as administrative areas that utilize information and communication technology (ICT) to enhance operational efficiency and provide improved infrastructure for residents. Construction tires, including rough tire shreds and smart tires, can be utilized in landfill projects and the construction of smart buildings within these urban developments. For example, in April 2023, the Smart City Index Report published by IMD Business School, a Switzerland-based institution, revealed that the number of smart cities increased by 16.3%, rising from 118 cities in 2021 to 141 in 2023. Consequently, the growing number of smart city initiatives globally is fueling the demand for construction tires.

The surge in infrastructure development is also expected to boost the construction tire market in the future. Infrastructure development encompasses the planning, construction, and enhancement of essential facilities, systems, and structures that support economic, social, and community activities within a region or country. Projects related to infrastructure development, such as building roads, bridges, airports, and other public facilities, result in increased construction activity, which in turn elevates the demand for construction equipment and, subsequently, construction tires. For instance, in July 2024, the Office for National Statistics, a UK government agency, reported that total market sector investment in infrastructure reached £13.8 billion in constant prices in 2023, representing a 3.9% increase compared to 2022. Therefore, the ongoing infrastructure development worldwide is driving the growth of the construction tire market.

Product innovations are emerging as a significant trend in the construction tire market. Leading companies in the sector are launching new solutions to strengthen their market positions. For example, in October 2022, Continental AG, a Germany-based automotive parts manufacturer, introduced the LD-Master L5 Traction construction tire. This tire is specifically designed for heavy loads and abrasive surfaces, incorporating integrated tire sensors for real-time monitoring of temperature and pressure. Enhancing the ContiEarth range, the LD-Master L5 Traction is optimized for loaders operating in challenging environments where high productivity and vehicle uptime are essential. Its solid tread block design and reinforced carcass provide secure traction, durability, and a long service life, making it well-suited for demanding construction tasks.

Leading market players are strategically introducing specialized construction tires tailored explicitly for aerial work platforms, aiming to fortify their market presence. These construction tires, designed for elevated construction machinery such as boom lifts and scissor lifts, are heavy-duty rubber tires engineered to ensure stability, endurance, and superior traction. For instance, in June 2023, MAXAM Tire, a US-based tire provider, launched the MS925 LIFTXTRA specifically crafted for aerial work platforms. Featuring a robust square shoulder design and a broad footprint, this tire is engineered to deliver unparalleled strength and stability. Equipped with a self-cleaning R4 tread pattern and deep lug grooves, it enhances maneuverability while its reinforced sidewall adds resilience, guarding against cuts and damage even under heavy loads.

In February 2024, Titan International, Inc., a US-based manufacturing company, acquired Carlstar Group LLC for an undisclosed amount. This acquisition aims to enhance and diversify Titan International's product portfolio and distribution channels, establishing the company as a comprehensive provider in the specialty wheel and tire market. Carlstar Group LLC, also based in the US, specializes in the production of specialty tires and wheels.

Major companies operating in the construction tire market include Bridgestone Corporation, Apollo Tyres Ltd., China National Tire & Rubber Co. Ltd., CEAT Ltd., Cooper Tire & Rubber Company, Continental AG, Hangzhou Zhongce Rubber Co. Ltd., Giti Tire, Kumho Tire Co.Inc., Hankook Tire & Technology Co. Ltd., Nexen Tire Corporation, Michelin, Pirelli & C. S.p.A., Nokian Tyres Plc., Sumitomo Rubber Industries Ltd., Qingdao Fullrun Tyre Corp. Ltd., Balkrishna Industries Limited, Double Coin Tyre Group Ltd., Prometeon Tyre Group S.R.L., The Goodyear Tire & Rubber Company, Titan International Inc., Trelleborg AB, Triangle Group Co. Ltd., Yokohama Tire Corporation, Otani Tire Co. Ltd., Linglong Tire Co. Ltd., Guizhou Tyre Co. Ltd., Shandong Linglong Tire Co. Ltd., Sailun Group Co. Ltd., Kenda Rubber Industrial Co. Ltd., Techking Tires Ltd., Birla Tyres.

Asia-Pacific was the largest region in the construction tires market in 2024. The regions covered in the construction tire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction tire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A construction tire is crafted from layers of rubberized fabric over a rubber liner, with the edges of the fabric piles encircling a wire bead that secures the tire to the wheel rim. These tires offer traction, possess self-cleaning capabilities, and minimize slippage, thereby aiding in preventing machinery from becoming stuck, ultimately saving valuable time and operational costs.

The primary categories of construction tires encompass radial, bias, solid, and other variations. Radial-built tires involve the use of belts positioned just below the tread, along with multiple steel cords extending from the beads throughout the tread, arranged at approximately a right angle to the tread's center line and parallel to each other. Equipment diversity includes excavators, backhoes, bulldozers, graders, wheel tractor scrapers, trenchers, loaders, tower cranes, compactors, and others. Tire sizes range from less than 20 inches, 21 to 30 inches, 31 to 40 inches, 41 to 50 inches, 51 to 60 inches, to more than 61 inches. These products are distributed through various channels, including original equipment manufacturers (OEM) and the aftermarket.

The construction tire market research report is one of a series of new reports that provides construction tire market statistics, including construction tire industry global market size, regional shares, competitors with a construction tire market share, detailed construction tire market segments, market trends and opportunities, and any further data you may need to thrive in the construction tire industry. This construction tire market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The construction tire market consists of sales of diagonal tires, dump truck tires, and belted-bias tiers. Values in this market are “factory gate” values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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