Industrial tires are specialized tires designed for industrial applications such as forklifts, electric vehicles, and flatbed trucks. The following is a detailed overview of market trends:

1. Application of Environmentally Friendly Materials:

Leading companies in the industry are widely adopting high-load elastomer materials to improve tire performance while reducing environmental impact.

The proportion of environmentally friendly solid tires is expected to increase to 35%.

2. Electrification Adaptation:

To adapt to the characteristics of electric industrial vehicles—high torque, increased weight, and range sensitivity—dedicated tire series have been launched.

3. Widespread Adoption of Intelligent Manufacturing:

5G digital factories have increased the production efficiency of all-steel tires by 19%, driving the transformation of industrial tire manufacturing towards intelligence and efficiency.

4. Regional Market Differences:

East China: Accounts for 38.7% of the market, driven by the Yangtze River Delta manufacturing cluster, with strong demand.

South China: Fastest growth rate, with a year-on-year growth rate of 9.4% in 2023.

Northeast China: Affected by the transformation of traditional industries, the market size contracted by 2.1% year-on-year.