Construction Equipment Tire Strategic Industry Report 2025-2030, Profiles Of Alliance Tire Group, Apollo Tyres, Balkrishna Industries, Bridgestone, Maxxis

(MENAFN- GlobeNewsWire - Nasdaq) Market opportunities in the construction equipment tire industry include rising demand for high-performance tires due to larger scale projects, new specialty tire innovations, sustainable and retreaded solutions, IoT-enabled smart tires, and advancements in tire technology enhancing durability and performance across various terrains.

Dublin, Sept. 17, 2025 (GLOBE NEWSWIRE) -- The "Construction Equipment Tire - Global Strategic Business Report" report has been added to ResearchAndMarkets's offering.
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.

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.

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.
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.

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.

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.

Scope of Study:

• Tire Type (Radial Tire, Bias Tire, Solid Tire, Other Tire Types)
• Distribution Channel (Aftermarket Distribution Channel, OEM Distribution Channel)

Key Attributes:

Report Attribute	Details
No. of Pages	269
Forecast Period	2024 - 2030
Estimated Market Value (USD) in 2024	$6.1 Billion
Forecasted Market Value (USD) by 2030	$8.5 Billion
Compound Annual Growth Rate	5.6%
Regions Covered	Global

Key Topics Covered:
MARKET OVERVIEW

• Influencer Market Insights
• Tariff Impact on Global Supply Chain Patterns
• Construction Equipment Tire - Global Key Competitors Percentage Market Share in 2025 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)

MARKET TRENDS & DRIVERS

• Rising Construction Activity in Infrastructure and Mining Sectors Driving Tire Demand
• Increased Adoption of Radial and Tubeless Tires for Durability and Efficiency
• Growing Demand for Specialized Tires Based on Terrain and Load Requirements
• Technological Advancements in Tire Materials Enhancing Wear Resistance
• Expansion of Retreading and Tire Recycling Solutions Supporting Cost Efficiency
• OEM Collaborations Offering Integrated Tire Packages with Equipment Sales
• Growth in Equipment Leasing and Rentals Creating Demand for High-Reliability Tires
• Increased Focus on Operator Safety and Performance Through Advanced Tire Monitoring
• Development of Solid and Foam-Filled Tires for Harsh Operating Conditions
• Use of IoT and TPMS for Real-Time Tire Pressure and Temperature Monitoring
• Shift Toward Sustainable and Low-Rolling-Resistance Tire Designs
• Demand from Urban Construction Projects for Low-Vibration Tire Solutions
• Growth of E-Commerce Platforms Offering Tire Customization and Logistics
• Increased Importance of Maintenance Contracts and Fleet-Based Tire Servicing

FOCUS ON SELECT PLAYERS: Some of the 32 companies featured in this Construction Equipment Tire market report

• 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)

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• Construction Equipment Tire Market

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