Global Construction Machinery Tires Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Radial Tire, and Bias Tire.

By Construction Machinery Type;

Earth Moving Machinery, Material Handling, and Loaders.

By Sales Channel Type;

OEMs, and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn144328917 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Construction Machinery Tires Market (USD Million), 2021 - 2031

In the year 2024, the Global Construction Machinery Tires Market was valued at USD 5274.58 million. The size of this market is expected to increase to USD 7421.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global construction machinery tires market plays a crucial role in supporting infrastructure development, urbanization, and large-scale industrial projects worldwide. As construction activities continue to expand across various regions, the demand for durable, high-performance tires for heavy machinery has risen significantly. Construction machinery tires are specifically designed to withstand extreme working conditions, heavy loads, and challenging terrains, ensuring operational efficiency and safety. These tires are widely used in equipment such as excavators, loaders, bulldozers, and dump trucks, which are essential in construction, mining, and other industrial sectors.

The growth of the construction machinery tires market is primarily driven by increasing investments in infrastructure development, especially in emerging economies. Governments and private entities are investing heavily in road construction, residential and commercial buildings, and large-scale public projects, leading to heightened demand for construction equipment and, consequently, specialized tires. Additionally, advancements in tire technology, such as reinforced materials, improved tread designs, and self-sealing capabilities, have further contributed to market expansion. The focus on sustainability has also led to the development of eco-friendly tires with longer lifespans and enhanced fuel efficiency.

Despite the market's positive growth trajectory, several challenges hinder its full potential. Fluctuations in raw material prices, particularly rubber and synthetic compounds, impact production costs and profit margins for manufacturers. Moreover, the increasing adoption of solid and airless tires as an alternative to traditional pneumatic tires poses a challenge for conventional tire manufacturers. Supply chain disruptions, driven by factors such as geopolitical tensions, transportation constraints, and material shortages, have also affected the availability and pricing of construction machinery tires. Addressing these challenges requires industry players to adopt strategic partnerships, invest in R&D, and enhance production capabilities.

Looking ahead, the construction machinery tires market is expected to witness steady growth, driven by technological innovations, increased automation in construction equipment, and the expanding scope of smart construction practices. Market participants are focusing on developing tires with enhanced durability, puncture resistance, and improved traction to cater to evolving industry demands. With a growing emphasis on sustainability, manufacturers are also exploring the use of recycled materials and bio-based rubber in tire production. As the construction sector continues to evolve, the demand for high-performance machinery tires will remain a critical factor in shaping the industry's future are reshaping the market dynamics, paving the way for smarter, more resilient tire solutions tailored to meet the evolving needs of the construction industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Construction Machinery Type
    3. Market Snapshot, By Sales Channel Type
    4. Market Snapshot, By Region
  4. Global Construction Machinery Tires Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing global construction projects
        2. Demand for durable tires
        3. Mining industry growth
        4. Automation in machinery
      2. Restraints
        1. Tire repair challenges
        2. Skilled labor shortages
        3. Material preference changes
      3. Opportunities
        1. Tire technological innovations
        2. Aftermarket tire services
        3. IoT tire monitoring
        4. Custom tire solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Construction Machinery Tires Market, By Type, 2021 - 2031 (USD Million)
      1. Radial Tire
      2. Bias Tire
    2. Global Construction Machinery Tires Market, By Construction Machinery Type, 2021 - 2031 (USD Million)
      1. Earth Moving Machinery
      2. Material Handling
      3. Loaders
    3. Global Construction Machinery Tires Market, By Sales Channel Type, 2021 - 2031 (USD Million)
      1. OEMs
      2. Aftermarket
    4. Global Construction Machinery Tires Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Bridgestone Corporation
      2. Hankook Tire
      3. Michelin
      4. Goodyear Tire & Rubber Company
      5. Alliance Tire Company Ltd
      6. Trelleborg AB
  7. Analyst Views
  8. Future Outlook of the Market