Solid rubber tyres, as their name suggests, are tyres that are constructed entirely out of solid rubber, unlike traditional tyres that are filled with air. This innovative technology deviates from the usual pneumatic tyre design, which contains an inflatable inner tube. Instead, solid rubber tyres provide a consistent, solid performance, quite literally, under pressure. They have been revolutionizing the market due to their unique and practical features. Unlike regular tyres, these do not need air to function, thereby eliminating the possibility of punctures or air leaks. Designed to be robust and sturdy, they can withstand harsh conditions and heavy loads, making them a favorite amongst industries such as construction, agriculture, and mining. In essence, solid rubber tyres represent an advancement in tyre technology that offers durability, reliability, and the promise of a puncture-free ride, putting them in high demand in the global market. Their advent has indeed redefined the concept of mobility in many ways.

Benefits of Solid Rubber Tyres

Solid rubber tires offer several benefits in various applications, particularly where flat tires are a major concern or where tires must endure tough working conditions. Here are some of the key advantages:

v  Puncture and Flat Proof: One of the most significant benefits of solid rubber tires is their resistance to punctures, which virtually eliminates the risk of flats. This is especially useful in industrial settings or construction sites where sharp objects like nails or shards of metal are common.

v  Durability: Solid rubber tires are generally more durable than pneumatic tires. They are less susceptible to wear and tear, especially in harsh working environments. This can lead to longer tire life and reduced replacement costs.

v  Maintenance-Free: Unlike pneumatic tires, solid rubber tires do not require air pressure checks or inflation, making them virtually maintenance-free. This saves time and resources in industrial applications.

v  Stability: Solid tires can provide a more stable ride in certain applications, especially for heavy machinery. The solid construction eliminates the risk of tire deformation under heavy loads, ensuring consistent performance.

v  Resistance to Harsh Conditions: Solid tires are often more resistant to extreme temperatures and corrosive substances. This makes them ideal for use in environments where exposure to such conditions is common, like chemical plants or extreme weather conditions.

v  Cost-Effective in the Long Term: While solid rubber tires might have a higher upfront cost compared to pneumatic tires, their longevity and low maintenance requirements can make them more cost-effective over time.

v  Eco-Friendly Options: Some solid rubber tires are made from recycled materials, offering an eco-friendly option. This is important in industries aiming to reduce their environmental footprint.

Why to Start this Business?

Starting a solid rubber tyre business is a smart move for entrepreneurs looking for a profitable opportunity in a growing industry. With the increasing demand for solid rubber tyres, there is a huge potential for growth and success in this field. They versatile and can be used in various industries, from construction to agriculture. This means that your business can cater to a wide range of customers and industries, increasing your potential for revenue. Moreover, solid rubber tyres have a longer lifespan than air-filled tyres, which means your customers will come back less frequently for replacements, resulting in increased customer loyalty and trust. The durability and puncture-proof design of these tyres make them ideal for industries that require tough and reliable equipment.

Additionally, solid rubber tyres are eco-friendly since they don't require inner tubes and don't release any air pollutants. As more industries and governments push for sustainability, your business can take advantage of this trend by offering an eco-friendly solution.

Overall, starting a solid rubber tyre business is a smart investment that offers long-term growth potential, versatility, durability, and eco-friendliness. As more industries turn to solid rubber tyres, your business can provide a reliable and cost-effective solution that meets their needs.

Indian Market Outlook

The Indian market is one of the fastest-growing markets for solid rubber tyres. With the increasing use of heavy machinery and construction equipment, solid rubber tyres have become the preferred choice for many industries in India. And for good reason. These tyres can handle even the toughest terrains, making them perfect for India's challenging environment.

But that's not all. The durability and puncture-proof design of solid rubber tyres make them ideal for the Indian market. The cost-effectiveness of these tyres is also a huge advantage for Indian businesses, as they won't have to replace them as often as traditional air-filled tyres. Moreover, solid rubber tyres are eco-friendly, which is a growing trend in India as more industries and governments push for sustainability. This provides a great opportunity for businesses in India to offer an eco-friendly solution that meets the needs of their customers while also helping the environment. The Indian market for solid rubber tyres is also ripe for innovation and growth. As more industries adopt this technology, there is a growing demand for advanced and specialized solid rubber tyres. This opens up opportunities for businesses to specialize in certain niches or offer customized solutions that cater to specific industries.

Global Market Outlook

Global Solid Tire Market was valued USD 7.47 BN (by revenue) in 2022 and is anticipated to reach USD 11.55 BN by 2030 with a CAGR of 5.6%. Solid tires are the airless tires that are extremely durable, stable, puncture resistant, and maintenance free. Solid tires are also known as airless tires or non-pneumatic tires. These tires are either made up of solid rubber or molded with plastic compounds. They posses high load bearing capacity and thus used in lawn mowers, forklift trucks, tractors, motorized golf carts, platform vehicles and other heavy load bearing capacity vehicles. Rapid urbanization and industrialization in these regions have led to an increased demand for automobiles and heavy-duty equipment, thus fueling the market growth. Moreover, the increase in middle-class disposable income in these countries has led to a rise in automobile ownership, further boosting the demand for solid rubber tires. The rise of electric vehicles (EVs) is another significant factor contributing to the solid rubber tires market growth.

Conclusion

For entrepreneurs looking for a smart investment, starting a solid rubber tyre business offers a wide range of benefits, from versatility to customer loyalty and trust. And with the Indian market booming, there is no better time to tap into this growing industry.

Key Players

·         Affix Cold Tread Co.

·         BGN Industrial Tyres

·         Industrial Rubber Company

·         VELOX TYRESPVT LTD

·         SOLID-LIFT

·         Grand Harvest Co.Ltd.

·         SETCO

·         Sterling Solid Tyres (P) Ltd

·         Big Tyre

·         Affix Cold Tread Company

·         NEXEN

·         TY Cushion Tire

·         Firestone

·         Goodtime Rubber Co. Ltd.

·         Asha Rubb

Cost Estimation

Capacity:

Truck Tyre                                                 200 Pcs. Per Day

Lorry Tyre                                                  200 Pcs. Per Day

Bike Tyre                                                   200 Pcs. Per Day

Car Tyre                                                     200 Pcs. Per Day