Pneumatic Tire Forklifts Market Size, Share, Opportunities, And Trends By Tire Type (Solid Pneumatic, Air Pneumatic), By Capacity (Up To 1000Kg, 1000Kg – 5000Kg, Above 5000Kg), By Application (Warehouses, Manufacturing Units, Logistics Centers), And By Geography - Forecasts From 2023 To 2028

The pneumatic tire forklift market is projected to show steady growth during the forecast period.

Pneumatic tire forklifts are forklifts that use pneumatic tires, which are similar to regular car or truck tires, to absorb uneven terrain and provide a smoother ride. Pneumatic tire forklifts are adaptable essential tools with lift capacities ranging from 3,000 to 125,000 pounds that are almost exclusively used outdoors in numerous industries. Such forklifts are used in lumber yards, home centers, building materials, as well as warehouses, and construction. The establishment of new logistic centers, as well as technological advancements in pneumatic tire forklifts, contributed to the market growth.

Market Drivers

• Investments in warehouse construction bolster the pneumatic tire forklift market.

Warehouse construction demonstrates the expansion of storage facilities to meet growing demand. This growth increased the demand for material handling equipment, such as pneumatic tire forklifts, to efficiently handle and transport goods within the warehouse. The increasing investments in warehouse establishment accelerated the growth of the pneumatic tire forklift market. Therefore, in December 2023, WSB Real Estate Partners (WSB) entered the warehousing sector and plans to invest more than Rs. 1,200 crores in the next two years to expand its portfolio across the country. The company intends to construct total warehouse assets covering approximately 4 million square feet.

• The establishment of logistic centers accelerated the pneumatic tire forklift market.

Pneumatic tire forklifts increase productivity through their ability to operate in a variety of conditions, including rough terrain. These forklifts, with their robust design and features such as increased lift capacity, allow logistics centers to effectively transport goods within the facility, optimizing overall productivity. The establishment of new logistic centers increased the demand for pneumatic tire forklifts which pushed the pneumatic tire forklift market growth. For instance, in September 2022, Yusen Logistics established a new contract logistics center in southern Germany. The new logistic center is near Federal Road B10, in a region that is rapidly becoming an important logistics hub for the light industry.

• Technology advancements in pneumatic tire forklifts drive the pneumatic tire forklift market growth.

Automation and connectivity features in pneumatic forklifts have transformed material handling operations. Forklifts equipped with advanced sensors, cameras, and telematics systems can now communicate with warehouse management systems, allowing for better workload distribution and productivity. Automated functions such as self-navigation, load sensing, and collision avoidance systems have increased warehouse safety and efficiency. These advancements in pneumatic tire forklifts increased the adoption and pushed the pneumatic tire forklift market upward.

Asia Pacific is expected to grow significantly.

Asia Pacific is expected to account for a significant share of the pneumatic tire forklift market due to the increasing investments in warehouse construction. Numerous key players are establishing new logistic centers in the region. For instance, in December 2023, Manitou Group launched a new spare parts logistics center in India. The center contributes to the group's ambitious plans to broaden its production and distribution operations in this region over the next few years. Moreover, In April 2023, Bollore Logistics celebrated the official launch of K-HUB, its newest logistic center in South Korea.  Additionally, in December 2022, Murata Manufacturing Co., Ltd. established its Tokyo logistics center in Nagareyama City, Japan.

Market Restraints

• Cost consideration will restrain the growth of the pneumatic tire forklift market.

Pneumatic tire forklifts can be more expensive than other types of forklifts due to their complex design. Customers may opt for other types of forklifts if their needs do not necessitate the benefits provided by pneumatic tires. This may limit the adoption of pneumatic tire forklifts in numerous sectors.

Market Developments

• September 2023- Toyota Material Handling, the industry leader in material handling innovation, launched a new line of 48V and 80V electric pneumatic forklifts. This line is designed to withstand outdoor terrain and work in a variety of weather conditions. This makes it ideal for retail applications such as lumberyards, home centers, landscaping, and store support usages.
• March 2021- Mitsubishi Logisnext Americas announced the launch of its new 22,000-40,000 lb. capacity internal combustion pneumatic tire forklift series with trusted Cummins B4.5 Tier 4 Final diesel engine. These forklifts are built to withstand the most demanding material handling applications, including building materials and concrete, steel and pipe, fabricated metals, and machinery for industrial use.

Companies Product

• Core IC Pneumatic Forklift- The Toyota Core IC Pneumatic forklift is the best material handling solution for most outdoor applications. This lift is outfitted with high-performance pneumatic tires that offer soothing strong grip on uneven surfaces. It has a load capacity of 3,000 - 6,500 (lbs) and travel speed full load of 10.9 - 11.5 (MPH).
• H30A Counterbalance Internal Combustion Pneumatic Forklift- The Hyster-Yale Group offers H30A counterbalance internal combustion pneumatic forklifts with a maintenance-free Dynamic Stability System DSS solution. This reduces the likelihood of tip-overs and points out forklift operators of safe procedures by monitoring operating conditions, and automatically restricts truck functionality when possible unsafe conditions are detected. It features with Yanmar 2.2L engine and a weight capacity of 3000lbs.
• D18S-5 - Doosan Industrial D(G)18S-5 is engineered for a wide range of heavy-duty applications including manufacturing, warehousing, outdoor storage, and material handling. These tough engine-powered forklifts are capable of taking on the toughest challenges in rough terrain. It consists load capacity of 1750kg and a minimum turning radius of 2022mm. It can produce a maximum torque of 15.9 (156) /1600 kg.m (N-m) /rpm.
• C-5 1050 LPG- Crown Equipment Corporation offers C-5 1050 LPG, the LPG-powered, internal combustion C-5 Series forklift with pneumatic tires designed for indoor and outdoor use. Their super elastic tires are designed for use in rough terrain. It has a load capacity of 4,000 to 6,500 pounds and a maximum lift height of 294 inches (quad mast) with a 2.4-liter LPG engine.

Pneumatic Tire Forklifts Market Scope:

Segmentation

• By Tire Type
  • Solid Pneumatic
  • Air Pneumatic
• By Capacity
  • Up to 1000Kg
  • 1000Kg – 5000Kg
  • Above 5000Kg
• By Application
  • Warehouses
  • Manufacturing Units
  • Logistics Centers
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others