The global market for Construction Equipment Tire was estimated at US$6.1 Billion in 2024 and is projected to reach US$8.5 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Construction Equipment Tire market.
Segments: Tire Type (Radial Tire, Bias Tire, Solid Tire, Other Tire Types); Distribution Channel (Aftermarket Distribution Channel, OEM Distribution Channel)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Construction Equipment Tire Market - Key Trends & Drivers Summarized
Why Are Tires Crucial for Construction Equipment Performance?
Construction equipment tires play a pivotal role in ensuring safety, stability, and efficiency on job sites. Designed to withstand extreme terrain conditions, these tires must provide superior traction, durability, and load-bearing capacity. As construction projects grow in scale and complexity, demand for high-performance tires tailored to different machine types - such as loaders, dump trucks, and cranes - is rising. The industry is also witnessing a surge in specialty tire innovations to enhance efficiency in various operating environments.How Are Advancements in Tire Technology Improving Durability?
Recent advancements in tire manufacturing are significantly enhancing durability and longevity. Innovations such as solid rubber tires, airless radial designs, and reinforced sidewalls are reducing the risk of punctures and wear. Self-healing tire technology, which uses sealants to repair minor damages, is also gaining traction. Additionally, smart tire solutions embedded with IoT sensors are enabling real-time pressure and temperature monitoring, preventing unexpected failures and improving overall safety.What Role Do Sustainability and Retreading Play in the Tire Market?
With growing environmental concerns, sustainable tire solutions are becoming a focal point in the industry. Manufacturers are investing in biodegradable rubber compounds and recycled tire materials to reduce waste. Tire retreading - a cost-effective and eco-friendly alternative to buying new tires - is also gaining momentum, allowing construction firms to extend the lifespan of their existing equipment tires while minimizing environmental impact.What’s Driving Market Growth?
The growth in the construction equipment tire market is driven by several factors, including increasing infrastructure development, rising demand for high-durability tires, and advancements in smart tire monitoring solutions. The adoption of eco-friendly and retreaded tires is also expanding, as companies seek to reduce costs and meet sustainability goals. Additionally, the development of specialized tires for extreme weather conditions and off-road terrains is driving demand, making tire innovation a key focus in the construction industry.Report Scope
The report analyzes the Construction Equipment Tire market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Tire Type (Radial Tire, Bias Tire, Solid Tire, Other Tire Types); Distribution Channel (Aftermarket Distribution Channel, OEM Distribution Channel)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Radial Tire segment, which is expected to reach US$5.0 Billion by 2030 with a CAGR of a 6.2%. The Bias Tire segment is also set to grow at 5.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.7 Billion in 2024, and China, forecasted to grow at an impressive 9.0% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Construction Equipment Tire Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Construction Equipment Tire Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Construction Equipment Tire Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Alliance Tire Group (ATG), Apollo Tyres Ltd, Balkrishna Industries Limited (BKT), Bridgestone Corporation, Cheng Shin Rubber Ind. Co. Ltd. (Maxxis) and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 32 Featured):
- Alliance Tire Group (ATG)
- Apollo Tyres Ltd
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Cheng Shin Rubber Ind. Co. Ltd. (Maxxis)
- Continental AG
- Double Coin Holdings Ltd.
- Giti Tire
- Goodyear Tire & Rubber Company
- Hankook Tire & Technology Group
- Linglong Tire
- Michelin
- Nokian Tyres plc
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Titan International, Inc.
- Trelleborg AB
- Triangle Group
- Yokohama Rubber Company
- Zhongce Rubber Group Co., Ltd. (ZC Rubber)
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alliance Tire Group (ATG)
- Apollo Tyres Ltd
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Cheng Shin Rubber Ind. Co. Ltd. (Maxxis)
- Continental AG
- Double Coin Holdings Ltd.
- Giti Tire
- Goodyear Tire & Rubber Company
- Hankook Tire & Technology Group
- Linglong Tire
- Michelin
- Nokian Tyres plc
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Titan International, Inc.
- Trelleborg AB
- Triangle Group
- Yokohama Rubber Company
- Zhongce Rubber Group Co., Ltd. (ZC Rubber)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 269 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 6.1 Billion |
| Forecasted Market Value ( USD | $ 8.5 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
