Canada Solid Tire Market By Type (Curled on Solid Tire and Pressed on Solid Tire), By Demand Category (OEM, Replacement), By Vehicle Type (Forklifts, Lawn Mowers, Golf Carts, Baby Carriages, Wheelbarrows, Others), By Region, By Competition, 2020-2030F

Market Overview

The Canada Solid Tire Market was valued at USD 5.1 Billion in 2024 and is expected to reach USD 8.9 Billion by 2030 with a CAGR of 7.6% during the forecast period. The Canada solid tire market is witnessing consistent growth due to the increasing need for resilient and long-lasting tires in industries such as construction, warehousing, mining, and logistics. These industries require equipment that can operate in challenging conditions with minimal maintenance, making solid tires a preferred choice. Solid tires offer superior resistance to punctures and wear, which improves safety and productivity. The expanding infrastructure sector and the increasing use of forklifts and heavy-duty vehicles further support the rising demand. Businesses are recognizing the cost-efficiency of solid tires in reducing downtime and replacement frequency, making them a strategic investment in operational reliability. 

Advancements in material science and manufacturing techniques are contributing to the development of high-performance solid tires. Manufacturers are focusing on enhancing tire properties such as load-bearing capacity, heat dissipation, and grip. The integration of smart features, including pressure and wear sensors, is emerging as a trend, enabling predictive maintenance and minimizing operational disruptions. The Canadian government allocated over USD 33 billion towards various infrastructure projects nationwide, significantly boosting the demand for construction equipment. Ontario's 30-year transit plan involves building a transportation network focused on new highways, rail lines, and subway systems, with an estimated cost of USD 65.7 billion over the next ten years. Government infrastructure investments, thereby increasing the need for solid tires on heavy machinery like loaders, telehandlers, and forklifts. 

Market Drivers

Demand for Durability and Puncture Resistance

Solid tires are increasingly favored in industries like construction, mining, and logistics due to their exceptional durability and resistance to punctures. Unlike pneumatic tires, solid tires eliminate the risk of flats and blowouts, ensuring uninterrupted operations in challenging environments. This reliability is crucial for heavy-duty equipment that operates in harsh conditions, leading to reduced downtime and maintenance costs. As industries prioritize operational efficiency and safety, the demand for solid tires continues to rise, driving market growth. The Canadian government is actively investing in the tire industry to promote manufacturing and sustainability. For instance, Goodyear Tire & Rubber Co. is investing over USD 416.36 million to upgrade its plant in Napanee, Ontario, with USD 32.08 million from the federal government and USD 14.48 million from the Ontario provincial government. This project aims to increase production capacity, including tires for electric vehicles, and achieve net-zero emissions by 2040. 

Advancements in Tire Technology

Ongoing technological innovations are enhancing the performance and efficiency of solid tires. Manufacturers are investing in research and development to improve tire design, materials, and manufacturing processes. These advancements result in tires that offer better load-bearing capacity, heat dissipation, and wear resistance. The integration of smart features, including pressure and wear sensors, is emerging as a trend, enabling predictive maintenance and minimizing operational disruptions. As technology continues to evolve, solid tires are becoming more adaptable to diverse operational needs. The push towards sustainability is encouraging the development of eco-friendly tire solutions. Solid tires, especially those made from recyclable materials, contribute to reducing the environmental footprint of industrial operations. Their longer lifespan and reduced need for replacements help minimize waste and resource consumption. As businesses and governments focus on achieving sustainability targets, the adoption of solid tires aligns with these objectives, further driving market growth. The Canadian Rental Association’s forecast of an USD 8.2 billion rental market in 2024, growing at 7.6% annually, boosts the solid tire market because rental companies favor solid tires for their durability and low maintenance. As rental fleets expand, demand for reliable, puncture-proof solid tires rises, driving growth in this segment, especially for construction and industrial equipment.

Regulatory Emphasis on Workplace Safety

Stringent safety regulations in industries like warehousing and manufacturing are driving the adoption of solid tires. These tires provide better traction and stability, reducing the risk of accidents and enhancing workplace safety. Compliance with safety standards is increasingly becoming a priority for companies, leading to a preference for solid tires that meet these requirements. This regulatory pressure is contributing to the growth of the solid tire market. The rise of automation in industries such as warehousing and manufacturing increases the demand for reliable and durable tires. Solid tires are well-suited for automated systems, offering the reliability and longevity required for continuous operations. As industries continue to invest in automation to improve efficiency and reduce labor costs, the need for solid tires to support these systems is growing, driving market expansion. Canadian Centre for Occupational Health and Safety (CCOHS) reports a 10% reduction in equipment-related injuries in sectors adopting stricter tire safety measures between 2022 and 2024. According to CCOHS, workplace injuries related to equipment failure, including tire blowouts and malfunctions, account for a notable portion of incidents in construction and manufacturing sectors.

Download Free Sample Report

Key Market Challenges

High Initial Cost

The upfront cost of solid tires can be higher than that of pneumatic alternatives, which may deter some businesses from making the switch. However, the long-term savings due to reduced maintenance and downtime can offset this initial investment. Educating businesses on the total cost of ownership and the benefits of solid tires is essential to overcome this challenge. The production of solid tires involves materials and processes that can have a significant environmental impact. Addressing these concerns requires the development of more sustainable manufacturing practices and materials. Investing in research to reduce the environmental footprint of tire production is crucial for the industry's long-term sustainability.

Limited Availability of Specialized Tires

While solid tires are suitable for many applications, there is a limited range of specialized tires for specific industries or conditions. Expanding the variety of solid tires can open up new market opportunities. Manufacturers need to invest in developing specialized tire solutions to cater to diverse industry needs.

Competition from Pneumatic Tires

Pneumatic tires continue to be a popular choice due to their lower initial cost and perceived comfort. Educating businesses on the long-term benefits of solid tires is essential to increase adoption. Highlighting the advantages of solid tires, such as durability and reduced maintenance, can help shift preferences towards these products. The tire industry faces challenges related to the availability of raw materials and production capacity. Supply chain disruptions can affect the timely delivery of solid tires to customers. Building resilient supply chains and diversifying sourcing strategies are necessary to mitigate these risks and ensure consistent product availability.

Key Market Trends

Integration of IoT and AI in Tire Monitoring

The adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technologies is transforming tire maintenance. These technologies enable real-time monitoring of tire conditions, leading to predictive maintenance and improved operational efficiency. Implementing IoT and AI solutions can help businesses optimize tire performance and reduce unexpected downtime. There is a growing demand for non-marking solid tires, especially in industries where cleanliness is crucial, such as food processing and pharmaceuticals. These tires prevent floor markings, maintaining a clean working environment. Manufacturers are focusing on developing non-marking tire solutions to meet the specific needs of these industries.

Advancements in Material Science

Innovations in materials, such as the use of recyclable plastics and composites, are leading to the development of more sustainable and cost-effective solid tires. These materials contribute to reducing the environmental impact of tire production. Research into alternative materials can further enhance the performance and sustainability of solid tires. Manufacturers are increasingly offering customized tire designs to meet the specific needs of different industries. This trend allows businesses to select tires that are best suited for their operational requirements, enhancing performance and efficiency. Customization options can include variations in tread patterns, materials, and sizes to cater to diverse applications.

Adoption of Smart Tire Technologies

The development of smart tires equipped with sensors and connectivity features is gaining momentum. These smart tires provide real-time data on tire health, enabling proactive maintenance and reducing operational disruptions. The integration of smart technologies into solid tires is expected to enhance their performance and appeal to tech-savvy industries seeking advanced solutions.

Segmental Insights

Type Insights

The Canada solid tire market is segmented into two main types: curled on solid tires and pressed on solid tires. Both types serve distinct purposes across various industries, each providing unique advantages suited to specific applications. Curled on solid tires are produced by wrapping a layer of rubber around the rim, creating a continuous, uniform structure. This process enhances the tire's durability and load-bearing capacity. Curled on solid tires are particularly suited for applications requiring superior resilience in harsh environments, such as construction and heavy-duty material handling. Their design minimizes the risk of punctures, making them ideal for operations in rough terrains or areas with debris. These tires are often used in machinery that experiences high stress and prolonged operation, ensuring minimal downtime and longer service life. Pressed on solid tires, on the other hand, are created by fitting the rubber directly onto a metal rim under high pressure, resulting in a tight, secure fit. These tires are known for their ease of installation and replacement. The press-fit process creates a solid tire that is well-suited for indoor applications, such as forklifts, pallet jacks, and other industrial vehicles used in controlled environments. Pressed on solid tires provide excellent stability and smooth operation on flat surfaces, reducing vibrations and enhancing safety during material handling tasks. They are often preferred in warehouse operations, logistics, and manufacturing settings where equipment is subjected to less rugged conditions compared to outdoor environments. Both types of tires cater to the diverse needs of industries in Canada, offering durability, safety, and cost-efficiency. The selection between curled and pressed on solid tires depends on the specific requirements of the operation, including the operating environment, load capacity, and maintenance needs. Businesses across sectors are increasingly adopting solid tire solutions to improve operational efficiency, reduce maintenance costs, and ensure the safety and reliability of their equipment. Each type of tire plays a crucial role in optimizing industrial processes, contributing to the broader growth of the solid tire market.

Download Free Sample Report

Regional Insights

Quebec 

In 2024, Quebec and Ontario emerged as the leading regions in Canada's solid tire market, driven by distinct regional dynamics and industrial activities. Quebec's dominance in the solid tire sector is largely attributed to its stringent regulations and the presence of key manufacturing facilities. The province mandates the use of winter tires, a policy that has significantly influenced tire purchasing behaviors and market demand. This regulatory environment has fostered a robust market for solid tires, particularly in industrial applications where durability and performance are paramount. Manufacturers have responded by enhancing production capacities, ensuring a steady supply to meet the growing needs of various industries. The combination of regulatory requirements and industrial demand has solidified Quebec's position as a leader in the solid tire market. 

Ontario 

Ontario, on the other hand, benefits from its strategic location and economic infrastructure. The province's proximity to major automotive manufacturing hubs has created a high demand for solid tires, especially in material handling equipment such as forklifts. This demand is further bolstered by significant investments in tire manufacturing facilities, aimed at increasing production capacity and meeting market needs. The presence of a skilled workforce and advanced manufacturing technologies has enabled Ontario to maintain a competitive edge in the solid tire market. These factors collectively contribute to Ontario's significant share in the national solid tire market.

Recent Developments

• In June 2024, Magna Tyres launched the MB800 solid tire, designed for off-road applications. This tire offers superior traction, stability, and durability, making it suitable for challenging terrains. The MB800 is expected to enhance performance in various industrial and construction settings.
• In January 2024 Yokohama introduced the Galaxy MFS 101, a severe-duty solid tire featuring a heat-dissipating design and high-performance steel bead. This design aims to minimize torque slip and improve durability, catering to demanding industrial applications.
• In July 2024, Global Rubber Industries (GRI) introduced the NEXT GENERATION series, including the GREEN XLR EARTH and ULTIMATE GREEN XT tires. These tires are made with high percentages of sustainable materials, addressing the growing demand for eco-friendly solutions in the solid tire market.
• In August 2024, Goodyear Tire & Rubber Co. announced a C$575 million investment to modernize its Napanee, Ontario plant. This expansion, supported by C$44.3 million in federal funding and C$20 million from the Ontario provincial government, aims to increase production capacity for electric vehicle (EV) and all-terrain tires. The project also targets achieving net-zero emissions at the plant by 2040.

Key Market Players

• Michelin Group
• Bridgestone Corporation
• The Goodyear Tire & Rubber Company
• Continental AG
• Yokohama Rubber Company
• Maxxis International
• Trelleborg AB
• Global Rubber Industries
• Magna Tyres
• Pirelli & C. S.p.A.

Report Scope:

In this report, the Canada Solid Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Canada Solid Tire Market, By Type:

o    Curled on Solid Tire

o    Pressed on Solid Tire

·         Canada Solid Tire Market, By Demand Category:

o    OEM

o    Replacement

·         Canada Solid Tire Market, By Vehicle Type:

o    Forklifts

o    Lawn Mowers

o    Golf Carts

o    Baby Carriages

o    Wheelbarrows

o    Others

·         Canada Solid Tire Market, By Region:

o    Quebec

o    Ontario

o    Alberta

o    British Columbia

o    Saskatchewan & Manitoba

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Canada Solid Tire Market.

Available Customizations:

Canada Solid Tire Market report with the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Canada Solid Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]