Construction Equipment Tyre Market Also Expanding
The global construction equipment tyre market is witnessing steady growth driven by rising infrastructure development, higher equipment utilization, and expanding urban construction across emerging and mature economies.
Market Highlights
- Growing market demand: Increased usage of excavators, loaders, cranes, and graders is pushing higher consumption of construction equipment tyres worldwide.
- Infrastructure boom: Major public and private investments in highways, bridges, smart cities, and commercial construction continue to drive tyre demand.
- Rising rental equipment market: The construction machinery rental sector is expanding, resulting in more frequent tyre replacements due to heavy workload cycles.
- Shift toward radial tyres: OEMs and contractors are adopting radial tyre technologies for longer life, improved stability, and lower operating costs.
Industry Outlook
Analysts project sustained market growth as developing regions in Asia-Pacific, the Middle East, and Africa increase construction spending. The global focus on infrastructure modernization and urban expansion positions the construction equipment tyre sector for strong performance through the decade.