Market Overview:
The global off-the-road tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for off-the-road tires from the construction and mining industries. Additionally, the growing demand for polyurethane tires is also contributing to the growth of this market. The pneumatic tire segment is expected to dominate the global off-the-road tire market during the forecast period, owing to its high durability and resistance against wear and tear. The Asia Pacific region is expected to be a key contributor to the growth of this market during the forecast period, owingto th egrowing construction and mining industries in countries such as China and India .
Product Definition:
An off-the-road tire is a type of tire that is designed to handle extra abuse and are typically used on construction vehicles, agricultural equipment, and other machinery.
Pneumatic:
Pneumatic tires are made up of rubber and air. They can be used on vehicles that have solid rubber or liquid tires. The pneumatic tire industry is growing at a significant rate owing to the increasing demand for automobiles across the globe, rising disposable income levels in emerging economies such as India and China, technological advancements in manufacturing processes, and increased focus on safety by regulatory bodies across the world.
Solid:
Solid is a rubber compound that has been processed into small pieces and mixed with air to make it fluffy. It is usually used in the production of tires. The most common types of solid are black, white, and grey; however, there are many more colors available in the market depending on the requirements of manufacturers.
The Solid used in off-the-road tire manufacturing can be segmented as per its applications into two broad categories namely (1) general service tires.
Application Insights:
OEMs held around 69.0% of the global market share in terms of revenue in 2017. The dominance is attributed to the extensive use of OEM tires by automotive manufacturers across all regions, especially for heavy-duty vehicles such as trucks and buses. Furthermore, stringent regulations on weight reduction for commercial vehicles are expected to boost demand over the forecast period.
The aftermarket segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to an increase in consumer awareness regarding tire safety and performance along with growing concerns regarding vehicle maintenance costs among other factors such as age and condition of vehicle¢â‚¬â„¢s body parts along with fuel efficiency improvement programs undertaken by major OEMs across all regions including North America, Europe, Asia Pacific and Latin America etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for off-the road tires over the forecast period. The growth can be attributed to increasing demand from developing countries such as India and China. In addition, rising investments in infrastructure development by various governments are likely to boost product demand in this region. For instance, according to a white paper published by Infonets Asia Pacific (IAP), infrastructural spending has grown at an exponential rate of 19% between 2005 and 2015 amounting USD X trillion which is anticipated to reach USD X trillion by 2020’s end.
Europe accounted for over 25% of the overall revenue share in 2017 owing high consumption of commercial vehicles coupled with growing industrialization across major economies including Germany, France, Italy and Russia among others.
Growth Factors:
- Increasing demand for off-the-road tires from the construction and mining industries as a result of the growth in these sectors.
- The increasing popularity of SUVs and other recreational vehicles, which leads to higher demand for off-the-road tires.
- The development of new technologies that improve the performance of off-the-road tires, such as those that provide better traction on difficult terrain.
- Regulations encouraging the use of off-the-road tires in order to reduce emissions from vehicles operating in sensitive environments such as forests and nature reserves.
- The increasing availability of financing options for purchasing off-the road tires, making them more affordable for consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-the-road Tire Market Research Report
By Type
Pneumatic, Solid, Polyurethane
By Application
OEM, Aftermarket
By Companies
Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Off-the-road Tire Market Report Segments:
The global Off-the-road Tire market is segmented on the basis of:
Types
Pneumatic, Solid, Polyurethane
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
OEM, Aftermarket
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:
- Camso
- Titan
- Continental
- Trelleborg
- Michelin
- Aichi
- Mitas
- Advance
- Hankook
Highlights of The Off-the-road Tire 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:
- Pneumatic
- Solid
- Polyurethane
- By Application:
- OEM
- Aftermarket
- 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-the-road Tire 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-the-road tires are designed for use on dirt, gravel, and other off-road surfaces.
Some of the major companies in the off-the-road tire market are Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook.
The off-the-road tire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off-the-road Tire 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-the-road Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Off-the-road Tire 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-the-road Tire 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-the-road Tire Market Size & Forecast, 2018-2028
4.5.1 Off-the-road Tire Market Size and Y-o-Y Growth
4.5.2 Off-the-road Tire Market Absolute $ Opportunity
Chapter 5 Global Off-the-road Tire 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-the-road Tire Market Size Forecast by Type
5.2.1 Pneumatic
5.2.2 Solid
5.2.3 Polyurethane
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Off-the-road Tire 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-the-road Tire Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off-the-road Tire 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-the-road Tire 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-the-road Tire Analysis and Forecast
9.1 Introduction
9.2 North America Off-the-road Tire 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-the-road Tire Market Size Forecast by Type
9.6.1 Pneumatic
9.6.2 Solid
9.6.3 Polyurethane
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-the-road Tire Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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-the-road Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Off-the-road Tire 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-the-road Tire Market Size Forecast by Type
10.6.1 Pneumatic
10.6.2 Solid
10.6.3 Polyurethane
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-the-road Tire Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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-the-road Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Off-the-road Tire 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-the-road Tire Market Size Forecast by Type
11.6.1 Pneumatic
11.6.2 Solid
11.6.3 Polyurethane
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-the-road Tire Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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-the-road Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Off-the-road Tire 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-the-road Tire Market Size Forecast by Type
12.6.1 Pneumatic
12.6.2 Solid
12.6.3 Polyurethane
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-the-road Tire Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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-the-road Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Off-the-road Tire 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-the-road Tire Market Size Forecast by Type
13.6.1 Pneumatic
13.6.2 Solid
13.6.3 Polyurethane
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-the-road Tire Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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-the-road Tire Market: Competitive Dashboard
14.2 Global Off-the-road Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Camso
14.3.2 Titan
14.3.3 Continental
14.3.4 Trelleborg
14.3.5 Michelin
14.3.6 Aichi
14.3.7 Mitas
14.3.8 Advance
14.3.9 Hankook
