Market Overview:
The global off highway tyre market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for off highway tyres from various end-use industries such as construction, agriculture, and industrial sectors. Additionally, the growing demand for radial type tyres in the global market is also propelling the growth of this market. However, volatility in raw material prices may hamper the growth of this market during the forecast period. On basis of type, bias type tyres held a major share of 63% in 2017 and are expected to dominate throughoutthe forecast period owingto their low cost and high durability as compared to other typesof tyres available inthemarket . Radialtype tyrescan be classified into two segments: passenger car radial (PCR)and light commercial vehicle radial (LCVR). PCRisexpectedtogrow ata higherCAGRand accountfor more than halfof thenewtyre salesby2030 . On basis of application, construction held a major share of 36% in 2017.
Product Definition:
Off Highway Tyre is a tyre that is specifically designed for vehicles that are used off of the public roads. These tyres typically have a more aggressive tread pattern that helps to provide better traction in difficult terrain. They may also be wider than regular tyres to offer more stability and grip. Off highway tyres are often used in applications such as construction, mining, and agriculture where vehicles need to operate on rough or uneven surfaces.
Bias Type:
Bias type is a ply tire with one layer of rubber mounted on the rim, it's bias-ply tires are used in heavy off-highway applications such as agricultural tractors and construction equipment. Bias tires offer advantages over radial type including lower rolling resistance, better fuel economy and less wear & tear on vehicle components. The growing demand for light commercial vehicles across the globe is expected to be a key factor driving market growth over the forecast period.
Radial Type:
Radial type off-highway tire is a special kind of truck tire which is designed for heavy-duty applications. It has steel belt and radial ply construction with an outer skin of natural rubber. The radial tires are used in applications where smooth rolling over rough surfaces is the primary concern. They offer better performance as compared to non-radial tires on account of their ability to reduce scrubbing, increase traction, and provide better stability on loose soil or gravel roads at high speed.
Application Insights:
The construction application segment accounted for the largest share of over 30.0% in 2017. The construction industry is one of the major users of off-road tires as they provide better traction and comfort on uneven surfaces, such as gravel, grass and snow. In addition, increasing urbanization has led to an increase in the number of road projects across various countries which is expected to drive demand for construction vehicles, thereby supporting market growth over the forecast period.
The agriculture application segment was valued at USD 3 billion in 2017 owing to high usage on farms and agricultural grounds across various regions including North America and Europe. Furthermore, rising awareness regarding advanced farming techniques supported by off-road tires is expected to propel their demand from 2018 to 2030 thus driving overall market growth during this period.
Regional Analysis:
Asia Pacific is expected to be the largest market for off-highway tyres over the forecast period. The growth can be attributed to increasing demand from construction, agriculture and industrial applications in countries such as China, India and Japan. In addition, favorable government regulations aimed at promoting investments in infrastructure development are anticipated to fuel industry growth over the next eight years.
The Asia Pacific region accounted for a revenue share of more than 30% of global market share in 2017 owing to high demand from end-use industries such as construction and agriculture. Increasing urbanization across emerging economies is also likely to drive product demand during the forecast period. Furthermore, growing automotive production coupled with rising sales of commercial vehicles is further expected to augment industry size during the same period.
Europe was estimated at USD X million in 2017 owing both volume (V).
Growth Factors:
- Increasing demand for off-highway tyres from the construction and mining sectors
- Rising demand for agricultural tyres owing to the increasing adoption of mechanized farming practices
- Proliferation of 4x4 vehicles and SUVs, which is leading to an increase in demand for off-highway tyres
- Growing awareness about the benefits of using off-highway tyres among consumers
- Technological advancements that are resulting in the development of more durable and efficient off-highway tyres
Scope Of The Report
Report Attributes
Report Details
Report Title
Off Highway Tyre Market Research Report
By Type
Bias Type, Radial Type, Solid Type
By Application
Construction, Agriculture, Indusrial, Other
By Companies
BKT, Alliance Tire Group, TVS Group, Apollo Tyres, Commercial Tyres Off Highway, Bridgestone, MICHELIN, Goodyear, Continental, BKT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Off Highway Tyre Market Report Segments:
The global Off Highway Tyre market is segmented on the basis of:
Types
Bias Type, Radial Type, Solid Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Agriculture, Indusrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BKT
- Alliance Tire Group
- TVS Group
- Apollo Tyres
- Commercial Tyres Off Highway
- Bridgestone
- MICHELIN
- Goodyear
- Continental
- BKT
Highlights of The Off Highway Tyre Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bias Type
- Radial Type
- Solid Type
- By Application:
- Construction
- Agriculture
- Indusrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off Highway Tyre Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Off Highway Tyre is a designation given to tyres that are designed for use on off-road vehicles.
Some of the major players in the off highway tyre market are BKT, Alliance Tire Group, TVS Group, Apollo Tyres, Commercial Tyres Off Highway, Bridgestone, MICHELIN, Goodyear, Continental, BKT.
The off highway tyre market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off Highway Tyre Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Off Highway Tyre Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Off Highway Tyre Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Off Highway Tyre Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Off Highway Tyre Market Size & Forecast, 2018-2028
4.5.1 Off Highway Tyre Market Size and Y-o-Y Growth
4.5.2 Off Highway Tyre Market Absolute $ Opportunity
Chapter 5 Global Off Highway Tyre Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Off Highway Tyre Market Size Forecast by Type
5.2.1 Bias Type
5.2.2 Radial Type
5.2.3 Solid Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Off Highway Tyre Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Off Highway Tyre Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Agriculture
6.2.3 Indusrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off Highway Tyre Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Off Highway Tyre Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Off Highway Tyre Analysis and Forecast
9.1 Introduction
9.2 North America Off Highway Tyre Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Off Highway Tyre Market Size Forecast by Type
9.6.1 Bias Type
9.6.2 Radial Type
9.6.3 Solid Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Off Highway Tyre Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Agriculture
9.10.3 Indusrial
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Off Highway Tyre Analysis and Forecast
10.1 Introduction
10.2 Europe Off Highway Tyre Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Off Highway Tyre Market Size Forecast by Type
10.6.1 Bias Type
10.6.2 Radial Type
10.6.3 Solid Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Off Highway Tyre Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Agriculture
10.10.3 Indusrial
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Off Highway Tyre Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Off Highway Tyre Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Off Highway Tyre Market Size Forecast by Type
11.6.1 Bias Type
11.6.2 Radial Type
11.6.3 Solid Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Off Highway Tyre Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Agriculture
11.10.3 Indusrial
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Off Highway Tyre Analysis and Forecast
12.1 Introduction
12.2 Latin America Off Highway Tyre Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Off Highway Tyre Market Size Forecast by Type
12.6.1 Bias Type
12.6.2 Radial Type
12.6.3 Solid Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Off Highway Tyre Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Agriculture
12.10.3 Indusrial
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Off Highway Tyre Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Off Highway Tyre Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Off Highway Tyre Market Size Forecast by Type
13.6.1 Bias Type
13.6.2 Radial Type
13.6.3 Solid Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Off Highway Tyre Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Agriculture
13.10.3 Indusrial
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Off Highway Tyre Market: Competitive Dashboard
14.2 Global Off Highway Tyre Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BKT
14.3.2 Alliance Tire Group
14.3.3 TVS Group
14.3.4 Apollo Tyres
14.3.5 Commercial Tyres Off Highway
14.3.6 Bridgestone
14.3.7 MICHELIN
14.3.8 Goodyear
14.3.9 Continental
14.3.10 BKT
