Opportunities and challenges in industrial tyres

摘要

There is an ever increasing global demand for industrial tyres which find applications predominantly in material handling equipment in major industries that reflect the core of the economy of a country. However, this fast developing tyre segment is presenting many challenges for the manufacturers The estimated global market for all categories of tyres is $ 150 billion. Industrial tyres account for an estimated 3% of the total tyre potential valued at $ 4.5 billion. This segment is estimated to grow by 7 - 9% annually in the coming years.