The global material handling equipment tires market was valued at USD 4,965 million in 2024 and is projected to reach USD 9,146.44 million by 2034, growing at a CAGR of 6.3%. This growth is driven by rising demand for efficient material handling solutions, expanding logistics and warehousing sectors, and the need for durable, high-performance tires in industrial applications.
Material Handling Equipment Tires Market Highlights
- Asia Pacific dominated the global market in 2024.
- North America is anticipated to grow at the fastest rate in the market during the forecast period.
- By type, the solid tires segment held a dominant presence in the market in 2024.
- By type, the polyurethane tires segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
- By application, the warehousing and logistics segment accounted for a considerable share of the market in 2024.
- By application, the ports and airports segment is projected to experience the highest growth rate in the market between 2025 and 2034.
Material Handling Equipment Tires Market Statical Scope
| Reports Attributes |
Statistics |
| Market Size in 2024 |
USD 4,965 Million |
| Market Size in 2025 |
USD 5,277.8 Million |
| Market Size in 2031 |
USD 7,614.69 Million |
| Market Size by 2034 |
USD 9,146.44 Million |
| CAGR 2025 to 2034 |
6.3% |
| Base Year |
2024 |
| Forecast Period |
2025 to 2034 |
The material handling equipment tires market is expanding at a rapid pace due to the rapid expansion in the e-commerce industry, which creates a need for reliable and efficient handling equipment for such tasks. For instance, the Sellers Commerce reported that in 2024, e-commerce sales in the U.S. reached around $1.19 trillion, which is a massive increase of 301% from $297 billion compared to the last decade (2014). Constant investments are also expected to play a crucial role in the adoption of advanced equipment in airports, ports, and manufacturing. The specialized tires have gained momentum in the well-established businesses, but their higher costs may act as a barrier to adoption among the small factories and warehouses.
The rising sustainable shift is expected to drive more attention to eco-friendly and sustainable solutions that create more business opportunities for the emerging companies. The use of AI is being implemented in product design, where it suggests ideas by analyzing past data to eliminate the mistakes made previously.
