Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) — The “Canada Solid Tire Market, By Type, By Demand Category, By Vehicle Type, By Application, By Region, Competition Forecast & Opportunities, 2028” report has been added to ResearchAndMarkets.com’s offering.
Canada solid tire market is expected to grow at a rate of steady CAGR for the forecast period, 2024-2028
Ongoing construction activities, developing logistics industry, and advancements in tire technology are the key factors driving the growth of the Canada solid tire market.
Solid tires are considered ideal for challenging applications on slow vehicles or trailers with a high risk of impact or damage. They are maintenance-free, puncture-resistant, and are highly stable. Solid tires are economical and have a high-loading capacity. Solid tires find high demand from platform trucks, heavy-duty transport vehicles, forklift trucks, side-loading forklifts, airport vehicles, and other industrial vehicles.
Ongoing Infrastructure Development Activities Drives the Market Growth
Improvement in the economic conditions and high-end investments for infrastructure development by leading authorities to enhance citizens’ quality of life contribute significantly to the high demand for solid tires. Solid tires are used majorly for industrial applications on large tractors and trucks that are susceptible to getting affected by ground or road accidents.
Heavy machines are often used in construction areas where the presence of various types of metals, nails, scraps, screws, and other hardware may frequently puncture the tires, thereby generating the need for airless solid tires. Construction equipment is used to construct buildings, complexes, and other structures.
The machines used in construction sites include cranes, excavators, cement mixers, bulldozers, and other machines that use solid tires due to their fuel efficiency and eco-friendly properties.
Landfill operations and recycling centers boost the demand for solid tires as they enable…