OTR Tires Market - IHR Insights

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📈Charts:
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OTR tires or off-the-road tires are made up of resistant compounds to offer good grip on uneven or rough surfaces, mud, stones or sand. The tires have in-depth and strong treads which can be deployed to any type of vehicle. They are generally designed to use in extreme conditions and offer safety, high performance and quality. The OTR tires are used in large machinery at mining or construction areas where there are no roads but rough surface.

The construction and mining industries are major consumers of OTR tires, driving the demand for the OTR tires. As infrastructure development and mining activities continue to grow globally, the need for OTR tires for various heavy equipment, such as excavators, bulldozers and haul trucks, increases. But, environmental and sustainability concerns are likely to hamper the OTR tires market. The OTR Tires Market is expected to grow at the rate of 7.77% CAGR by 2028.

OTR Tires Market based on Types:

Radial Tires
Bias Tires

OTR Tires Market based on Vehicle Types:

Loaders
Dump Truck
Graders
Cranes
Dumpers
Tractors
Forklifts
Others

OTR Tires Market based on End User:

Construction and Mining
Industrial
Agricultural
Others

OTR Tires Market based on Geography:

North America
Europe
Asia Pacific
Rest of the World

As in the market for types, the market is furcated into radial tires and bias tires. The radial tires are mostly used and dominating the market due to their benefits such as higher service life compared to bias tires, improved handling and improved ride. Moreover, the radial type of tires has a major application in the farming since it has various advantages to farming in increasing crop production by minimizing compaction which is further boosting the growth of the radial tires segment.

Based on the vehicle types, the market is segmented into loaders, dump truck, graders, cranes, dumpers, tractors, forklifts and others. Among the all segments loaders segment is expected to hold the highest share in the market. Since, they work better in muddy, soft ground conditions or when there are sharp edges in construction debris which would harm rubber wheels.

On the basis of end use, the market is divided into construction and mining, industrial, agricultural and others. The construction and mining segment is having the major share in the OTR tires market growth. This is due to the increasing number of construction and increasing advancements in construction and mining equipment such as automation and electrification have supported the fleet operation to use equipment in number of shifts.

Based on the geographical analysis, the Asia Pacific region is anticipated to have the highest share in the market. The major share is ascribed to the high purchase of the off the road vehicles in the few major countries in this region. Moreover, in few countries such as China and India agriculture is the backbone of the economies since agriculture machinery procurement is also a major factor to support the growth of the market in this region.

Globally, the trend towards larger and more powerful equipment in construction, mining, and other off-road applications has driven the demand for larger OTR tires. Larger tire sizes offer higher load-carrying capacities and improved traction, meeting the requirements of heavy-duty machinery used in various industries.

The key vendors operating in the OTR tires market are Bridgestone Corporation MICHELIN, Prometeon Tyre Group S.R.L., YOKOHAMA Rubber CO. Ltd., China Rubber Tire & Rubber Co. Ltd, The Goodyear Tire & Rubber Company, Apollo Tyres Ltd., Sumitomo Tires, Continental AG, BKT Tire, Qingdao Rhino Tyre Co., Ltd., and Triangle Group Co. Ltd.

As observed, majorly the OTR tires are having the prominent role in the agricultural and construction & mining sectors. Since, agriculture is the backbone of the few countries and owing to the increasing demand for construction and mining from the developing countries.

This report for OTR tires market includes the complete quantitative analysis of the market which assists the shareholders to capitalize by the present market trends.
Again, the research will assist in understanding the market vendors’ capabilities and strategies such as innovations, mergers and acquisitions and expansions.
This research of OTR tires market also includes comprehensive insights regarding the technical innovations in the products.
Additionally, this research will elucidate the geographical analysis of the OTR tires market to understand the market penetration across the world.

Additional information

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Types: Market Size & Analysis
- Overview
- Radial Tires
- Bias Tires
Vehicle Types: Market Size & Analysis
- Overview
- Loaders
- Dump Truck
- Graders
- Cranes
- Dumpers
- Tractors
- Forklifts
- Others
End Use: Market Size & Analysis
- Overview
- Construction and Mining
- Industrial
- Agricultural
- Others
Geography: Market Size & Analysis
- Overview
- North America
- Europe
- Asia Pacific
- Rest of the World
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution
Vendor Profiles
- Bridgestone Corporation MICHELIN
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Prometeon Tyre Group S.R.L.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- YOKOHAMA Rubber CO. Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- China Rubber Tire & Rubber Co. Ltd
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- The Goodyear Tire & Rubber Company
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Apollo Tyres Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Sumitomo Tires
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Continental AG
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- BKT Tire
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Qingdao Rhino Tyre Co., Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Companies to Watch
- Triangle Group Co. Ltd
  - Overview
  - Products & Services
  - Business Strategy

1. Analyst Opinion
2. Annexure
  - Report Scope
  - Market Definitions
  - Research Methodology
    - Data Collation and In-house Estimation
    - Market Triangulation
    - Forecasting
  - Report Assumptions
  - Declarations
  - Stakeholders
  - Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. GLOBAL OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 2. GLOBAL OTR TIRES MARKET VALUE FOR RADIAL TIRES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 3. GLOBAL OTR TIRES MARKET VALUE FOR BIAS TIRES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 4. GLOBAL OTR TIRES MARKET VALUE, BY VEHICLE TYPES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 5. GLOBAL OTR TIRES MARKET VALUE FOR LOADERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 6. GLOBAL OTR TIRES MARKET VALUE FOR DUMP TRUCK, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 7. GLOBAL OTR TIRES MARKET VALUE FOR GRADERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 8. GLOBAL OTR TIRES MARKET VALUE FOR CRANES, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 9. GLOBAL OTR TIRES MARKET VALUE FOR DUMPERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 10. GLOBAL OTR TIRES MARKET VALUE FOR TRACTORS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 11. GLOBAL OTR TIRES MARKET VALUE FOR FORKLIFTS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 12. GLOBAL OTR TIRES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 13. GLOBAL OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 14. GLOBAL OTR TIRES MARKET VALUE FOR CONSTRUCTION AND MINING, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 15. GLOBAL OTR TIRES MARKET VALUE FOR INDUSTRIAL, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 16. GLOBAL OTR TIRES MARKET VALUE FOR AGRICULTURAL, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 17. GLOBAL OTR TIRES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 18. NORTH AMERICA OTR TIRES MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 19. NORTH AMERICA OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 20. NORTH AMERICA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 21. NORTH AMERICA OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 22. U.S OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 23. U.S OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 24. U.S OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 25. CANADA OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 26. CANADA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 27. CANADA OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 28. EUROPE OTR TIRES MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 29. EUROPE OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 30. EUROPE OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 31. EUROPE OTR TIRES MARKET VALUE, END USE, 2022-2028 (USD BILLION)

TABLE 32. GERMANY OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 33. GERMANY OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 34. GERMANY OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 35. U.K OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 36. U.K OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 37. U.K OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 38. FRANCE OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 39. FRANCE OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 40. FRANCE OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 41. ITALY OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 42. ITALY OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 43. ITALY OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 44. SPAIN OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 45. SPAIN OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 46. SPAIN OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 47. ROE OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 48. ROE OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 49. ROE OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 50. ASIA PACIFC OTR TIRES MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 51. ASIA PACIFC OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 52. ASIA PACIFC OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 53. ASIA PACIFC OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 54. CHINA OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 55. CHINA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 56. CHINA OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 57. INDIA OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 58. INDIA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 59. INDIA OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 60. JAPAN OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 61. JAPAN OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 62. JAPAN OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 63. REST OF APAC OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 64. REST OF APAC OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 65. REST OF APAC OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 66. REST OF WORLD OTR TIRES MARKET VALUE, BY TYPES, 2022-2028 (USD BILLION)

TABLE 67. REST OF WORLD OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2022-2028 (USD BILLION)

TABLE 68. REST OF WORLD OTR TIRES MARKET VALUE, BY END USE, 2022-2028 (USD BILLION)

TABLE 69. BRIDGESTONE CORPORATION MICHELIN: FINANCIALS

TABLE 70. BRIDGESTONE CORPORATION MICHELIN: PRODUCT AND SERVICES

TABLE 71. BRIDGESTONE CORPORATION MICHELIN: RECENT DEVELOPMENTS

TABLE 72. BRIDGESTONE CORPORATION MICHELIN: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 73. PROMETEON TYRE GROUP S.R.L: FINANCIALS

TABLE 74. PROMETEON TYRE GROUP S.R.L: PRODUCT AND SERVICES

TABLE 75. PROMETEON TYRE GROUP S.R.L: RECENT DEVELOPMENTS

TABLE 76. PROMETEON TYRE GROUP S.R.L: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 77. YOKOHAMA RUBBER CO. LTD: FINANCIALS

TABLE 78. YOKOHAMA RUBBER CO. LTD: PRODUCT AND SERVICES

TABLE 79. YOKOHAMA RUBBER CO. LTD: RECENT DEVELOPMENTS

TABLE 80. YOKOHAMA RUBBER CO. LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 81. CHINA RUBBER TIRE & RUBBER CO. LTD: FINANCIALS

TABLE 82. CHINA RUBBER TIRE & RUBBER CO. LTD: PRODUCT AND SERVICES

TABLE 83. CHINA RUBBER TIRE & RUBBER CO. LTD: RECENT DEVELOPMENTS

TABLE 84. CHINA RUBBER TIRE & RUBBER CO. LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 85. THE GOODYEAR TIRE & RUBBER COMPANY: FINANCIALS

TABLE 86. THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCT AND SERVICES

TABLE 87. THE GOODYEAR TIRE & RUBBER COMPANY: RECENT DEVELOPMENTS

TABLE 88. THE GOODYEAR TIRE & RUBBER COMPANY: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 89. APOLLO TYRES LTD: FINANCIALS

TABLE 90. APOLLO TYRES LTD: PRODUCT AND SERVICES

TABLE 91. APOLLO TYRES LTD: RECENT DEVELOPMENTS

TABLE 92. APOLLO TYRES LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 93. SUMITOMO TIRES: FINANCIALS

TABLE 94. SUMITOMO TIRES: PRODUCT AND SERVICES

TABLE 95. SUMITOMO TIRES: RECENT DEVELOPMENTS

TABLE 96. SUMITOMO TIRES: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 97. CONTINENTAL AG: FINANCIALS

TABLE 98. CONTINENTAL AG: PRODUCT AND SERVICES

TABLE 99. CONTINENTAL AG: RECENT DEVELOPMENTS

TABLE 100. CONTINENTAL AG: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 101. BKT TIRE: FINANCIALS

TABLE 102. BKT TIRE: PRODUCT AND SERVICES

TABLE 103. BKT TIRE: RECENT DEVELOPMENTS

TABLE 104. BKT TIRE: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 105. QINGDAO RHINO TYRE CO., LTD: FINANCIALS

TABLE 106. QINGDAO RHINO TYRE CO., LTD: PRODUCT AND SERVICES

TABLE 107. QINGDAO RHINO TYRE CO., LTD: RECENT DEVELOPMENTS

TABLE 108. QINGDAO RHINO TYRE CO., LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO

TABLE 109. TRIANGLE GROUP CO. LTD: FINANCIALS

TABLE 110. TRIANGLE GROUP CO. LTD: PRODUCT AND SERVICES

TABLE 111. TRIANGLE GROUP CO. LTD: RECENT DEVELOPMENTS

TABLE 112. TRIANGLE GROUP CO. LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO