The tire storage rack market is estimated to be valued at USD 871.9 million in 2024. The demand for tire storage racks is predicted to rise at a CAGR of 3.80% from 2024 to 2034. The global tire storage rack market is anticipated to reach USD 1,218.10 million by 2034.
The rise in the production and distribution of tires necessitates efficient storage solutions, driving the need for the tire storage rack market. A wide range of tire sizes and types to accommodate different models and operating conditions of vehicles, the demand for storage racks that can efficiently accommodate various sizes and types of tires.
Efficient tire storage racks allow for better organization, inventory management, and streamlined logistics, reducing operational inefficiencies. The rise of online retail in the automotive sector has increased the demand for tire storage racks in distribution centers.
Growing environmental consciousness drives the development of eco-friendly tire storage racks. Manufacturers are exploring sustainable materials and designs to align with eco-friendly initiatives and regulations.
| Attributes | Key Insights |
|---|---|
| Tire Storage Rack Market Estimated Size in 2024 | USD 871.9 million |
| Projected Market Value in 2034 | USD 1,218.10 million |
| Value-based CAGR from 2024 to 2034 | 3.80% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
With the rise of mass production and the automotive industry, the need for efficient storage solutions became apparent. Basic shelving systems and pallets started being used for tire storage in warehouses.
As tire designs and automotive technologies evolve, the market will likely adapt with more flexible and versatile storage solutions. The market is expected to witness further innovation, possibly integrating AI-driven predictive maintenance systems or more advanced automated retrieval systems.
Tire storage rack demand is predicted to increase at a CAGR of 3.80% from 2024 to 2034, with the global market expected to reach a valuation of USD 1,218.10 million by 2034.
| Historical CAGR from 2019 to 2023 | 3.40% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 3.80% |
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The following table shows the top five countries by revenue, led by India and China.The increased demand for tire storage racks made from sustainable materials or designed for reusability drives market growth in China. Companies in China aim to provide technologically advanced, compliant, and adaptable storage solutions to cater to the diverse needs of the automotive and logistics industries.
Improvements in infrastructure, including logistics and transportation networks, are creating opportunities for efficient tire storage solutions to handle the movement of tires across India. These two countries are predicted to boost their tire storage rack sales through 2034.
Forecast CAGRs from 2024 to 2034
| The United States | 3.40% |
|---|---|
| China | 4.30% |
| Australia | 3.50% |
| Germany | 3.20% |
| India | 4.50% |
Consistent growth in the United States automotive industry led to increased tire production and sales, driving the demand for efficient tire storage solutions in warehouses, distribution centers, and retail outlets. The rise of online shopping, including the sale of tires, has led to the need for optimized storage solutions in distribution centers. The tire storage rack market in the United States is expected to grow with a CAGR of 3.40% during 2024 to 2034.
The United States has stringent safety regulations concerning tire storage to prevent accidents and ensure workplace safety. Changes in consumer preferences, including the growing demand for SUVs and trucks, influence the types and sizes of manufactured and stored tires. Storage racks need to accommodate these variations in tire sizes and designs.
The tire storage rack market in Germany is projected to rise at a CAGR of 3.20% from 2024 to 2034. The growth of online retail impacts the tire storage rack market in Germany. With the increasing sale of tires online, there is a need for specialized storage systems in distribution centers to manage inventory effectively and fulfill orders efficiently.
Stringent safety regulations, especially concerning workplace safety, require the tire storage racks to comply with these standards, driving the demand for racks designed with safety features and structural integrity. The growing demand for eco-friendly tire storage rack solutions in Germany encourages the development of racks made from recycled materials or those intended for reusability.
The demand for tire storage rack is expected to rise in India. By 2034, the market is expected to expand at a CAGR of 4.50%. Increased vehicle production and sales generate a rising demand for tire storage solutions in India. The need for efficient storage in warehouses and distribution centers has grown in tandem with the automotive industry.
Evolving e-commerce landscape, including the online sale of tires, has propelled the demand for specialized tire storage racks in India. E-commerce companies require efficient and organized storage systems to manage tire inventory and facilitate timely deliveries. Tire storage racks are crucial in maximizing space utilization, enhancing inventory management, and streamlining logistics operations.
The tire storage rack market in China is projected to rise at a CAGR of 4.30% from 2024 to 2034. The booming automotive sector in production and consumption has fueled the demand for tire storage solutions in China. Increased vehicle sales drive the need for efficient tire storage systems in warehouses and automotive service centers.
Robust logistics and supply chain infrastructure necessitate efficient tire storage solutions to handle the movement of tires across the country and globally. An increased demand for heavy vehicles and equipment, resulting in a surge in demand for specialized tires, drives the need for adequate storage facilities for these specific types of tires.
Growth in construction activities and urban development impacts the demand for heavy vehicles and equipment, increasing the need for specific tire types. This drives the requirement for suitable storage solutions for these specialized tires in Australia. The tire storage track market in Australia is projected to rise at a CAGR of 3.50% from 2024 to 2034.
Manufacturers are exploring environmentally friendly materials and designs for tire storage racks to align with the environmental policies in the country.
The Up to 300 lbs segment will dominate until 2034, with a market share of 40%. The standing rack segment is expected to have a share of 35%. Based on the material type, steel is expected to exhibit a market share of 65% during the forecast period.
| Category | Market Share |
|---|---|
| 300 lbs - 500 lbs | 40% |
| Standing rack | 35% |
| Steel | 65% |
Based on weight capacity, the 300 lbs to 500 lbs segment accounted for the largest share, around 40% of the overall revenue in 2024, and it is projected to continue growing over the forecast period.
The weight capacity of 300 lbs to 500 lbs allows for manageable handling. It is sufficient for handling tires without being overly cumbersome, enabling easier installation and rearrangement of racks. With a growing market for compact and mid-sized vehicles, there is an increased demand for racks that cater to the tire sizes commonly used. Racks within 300 lbs to 500 lbs capacity range meet these requirements.
Racks within this capacity range are adaptable for different storage environments, making them suitable for various applications, from retail showrooms to small-scale warehouses or garages.
The standing rack segment will dominate until 2034, with a market share of 35%. Standing tire storage racks optimize vertical space. They use height in warehouses or storage facilities, allowing for efficient utilization of floor space without compromising storage capacity.
Standing racks Provide better visibility and accessibility to stored tires. This makes locating specific tire sizes or models easier, enhancing overall organization and retrieval efficiency. Standing tire storage racks are designed for stability and safety. Their structure ensures that tires are securely held in place, minimizing the risk of accidents or damage to the stored tires.
The steel segment is expected to hold a significant market share of 65% in 2024. Steel racks are relatively easy to maintain. They typically require minimal upkeep and are less susceptible to damage than other materials, reducing maintenance costs.
Steel is recyclable, making it an environmentally friendly choice for tire storage racks. It aligns with sustainability initiatives as it can be reused or recycled at the end of its lifecycle.
Acquisitions and mergers are the default expansion strategies of players operating in tire storage racks market. Key manufacturers of focus on facility expansions, product innovations, and promotional activities to increase sales and gain a competitive edge.
Some of the development in the market are
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 871.9 million |
| Projected Market Valuation in 2034 | USD 1,218.10 million |
| Value-based CAGR 2024 to 2034 | 3.80% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Holding Capacity, Type, Material, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Martins Industries; SUMMIT STORAGE; DONRACKS; METSTO; Ajooni; MEK Engineering; JINAN CHUANGMEI WAREHOUSING EQUIPMENT; Slotking India Storage System Pvt. Ltd.; Craftmech Global Solutions S.p.c; Samishti Industries |
As of 2024, the market for tire storage Rack is expected to be valued at USD 871.9 million.
By 2034, the market value of tire storage rack is expected to reach USD 1,218.10 million.
From 2024 to 2034, tire storage rack market is expected to account for a CAGR of 3.80%
The standing rack segment is expected to account for a market share of 35% in 2024.
The India is likely the top-performing market with a CAGR of 4.50%.
| Estimated Size, 2025 | USD 256.1 billion |
|---|---|
| Projected Size, 2035 | USD 471.7 billion |
| Value-based CAGR (2025 to 2035) | 6.3% |
| Market Value for 2024 | USD 3.47 billion |
|---|---|
| Projected Market Value for 2034 | USD 6.34 billion |
| CAGR (2024 to 2034) | 6.2% |
| Market Value (2023) | USD 7,464.9 million |
|---|---|
| Market Anticipated Value (2033) | USD 10,839.2 million |
| Market Growth Rate (2023 to 2033) | 3.8% CAGR |
| Market Size 2022 | USD 1,812.6 million |
|---|---|
| Market Size 2032 | USD 2,023.3 million |
| Value CAGR (2022 to 2032) | 2.50% |
Explore Heavy Engineering Solutions Insights
View Reports
Tire Storage Rack Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
