Market Overview:
The global OTR (off-the-road) tire 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 OTR tires from the construction, mining, port, agricultural and other applications. In terms of region, North America is expected to lead the global OTR tire market in terms of revenue during the forecast period followed by Europe and Asia Pacific.
 Tire Industry Outlook.svg)
Product Definition:
OTR tires are specially designed for use on off-road vehicles. They have a deeper tread depth and wider spacing between lugs than standard tires, which helps them grip the surface of unpaved roads and surfaces like sand or gravel. OTR tires are also often made from a tougher rubber compound that can withstand more abuse than regular tires. This makes them ideal for use in applications like construction, mining, and agriculture where vehicles are regularly driven on rough or uneven terrain.
Rim Diameter ≤29 Inch:
29 Inch＜Rim Diameter≤39 Inch:
OTR tires are used in heavy-duty applications such as construction, mining and agriculture. The 29 inch Rim diameter is a standard tire size that is widely accepted across the globe. It has been observed that majority of the OTR tires available in the market have a rim diameter between 28 to 30 inches. However, there exists a significant range within 29 inch Rim diameter which can be utilized by different vehicles depending upon their suspension travel and load carrying capacity.
Application Insights:
The construction segment accounted for the largest share in 2016 and is anticipated to continue its dominance over the forecast period. The growth of this segment can be attributed to growing urbanization across developing countries, which has resulted in an increased need for roads and bridges. Furthermore, governments are encouraging companies to invest in infrastructure development as a means of promoting economic growth.
Construction vehicles require tires that can withstand high pressure and temperature along with being able to carry heavy loads over uneven surfaces including rocks, gravel and dirt roads. Off-the-road tires are used for various applications such as construction equipment & machinery replacement & repair (R&P), agricultural equipment replacement & repair (R&P) among others depending upon their usage conditions such as surface on which they are driven or not; weight on them; frequency of use; etc.
Regional Analysis:
Asia Pacific dominated the global off-the-road tire market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing investments in infrastructure development along with rising demand for commercial vehicles. China, India, Japan, South Korea and Australia are some of the major countries that contributed towards regional growth.
The construction industry is one of the key sectors driving economic growth through sustainable development worldwide. It has been estimated that around USD X trillion will be spent on construction activities globally from 2016 to 2017 as per The World Bank Group’s Doing Business Report 2018 which encourages investors and developers alike by creating a positive business environment for them to flourish within nations across Asia Pacific, Europe and North America thus positively influencing overall market dynamics at a macro level over time.
Growth Factors:
- Increasing demand for commercial vehicles: The global commercial vehicle market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This will lead to an increase in demand for OTR tires, as they are used extensively in commercial vehicles.
- Rising disposable income and growing urbanization: The growth of the middle class and the increasing trend of urbanization are leading to an increase in demand for automobiles, which will drive the growth of the OTR tire market.
- Technological advancements: Tire manufacturers are constantly innovating and introducing new technologies that improve the performance and durability of OTR tires, thus driving their adoption among consumers.
- Stringent government regulations on emissions: Governments across the world are implementing stringent regulations on emissions from automobiles, which is leading to an increased use of eco-friendly technologies such as electric vehicles and hybrids cars. This will create opportunities for growth in the OTR tire market over the next few years . 5) Growing awareness about safety features: Consumers are becoming increasingly aware about safety features offered by different types of tires, which is resulting in an increase in demand for high-quality OTR tires
Scope Of The Report
Report Attributes
Report Details
Report Title
OTR (Off-The -Road) Tire Market Research Report
By Type
Rim Diameter ≤29 Inch, 29 Inch＜Rim Diameter≤39 Inch, 39 Inch＜Rim Diameter≤49 Inch, Rim Diameter ＞49 Inch
By Application
Construction, Mining, Port, Agricultural, Other
By Companies
Michelin, Bridgestone, Goodyear, Titan, Yokohama Tire, China National Tyre & Rubber, Continental, Alliance Tire Group, BKT, Guizhou Tire, Linglong Tire, Apollo, Pirelli, Prinx Chengshan, Double Coin Holdings, Triangle, Zhongce Rubber, Fujian Haian Rubber, Shandong Taishan Tyre, Shandong Yinbao, Doublestar, JK Tyre, Eurotire, Hawk International Rubber, Techking Tires
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global OTR (Off-The -Road) Tire Market Report Segments:
The global OTR (Off-The -Road) Tire market is segmented on the basis of:
Types
Rim Diameter ≤29 Inch, 29 Inch＜Rim Diameter≤39 Inch, 39 Inch＜Rim Diameter≤49 Inch, Rim Diameter ＞49 Inch
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, Mining, Port, Agricultural, 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:
- Michelin
- Bridgestone
- Goodyear
- Titan
- Yokohama Tire
- China National Tyre & Rubber
- Continental
- Alliance Tire Group
- BKT
- Guizhou Tire
- Linglong Tire
- Apollo
- Pirelli
- Prinx Chengshan
- Double Coin Holdings
- Triangle
- Zhongce Rubber
- Fujian Haian Rubber
- Shandong Taishan Tyre
- Shandong Yinbao
- Doublestar
- JK Tyre
- Eurotire
- Hawk International Rubber
- Techking Tires
 Tire Market Overview.svg)
Highlights of The OTR (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:
- Rim Diameter ≤29 Inch
- 29 Inch＜Rim Diameter≤39 Inch
- 39 Inch＜Rim Diameter≤49 Inch
- Rim Diameter ＞49 Inch
- By Application:
- Construction
- Mining
- Port
- Agricultural
- 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 OTR (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
 Tire Market Statistics.svg)
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?
OTR tires are designed for off-road use. They have a tougher tread and are made to handle more abuse than regular tires.
Some of the major companies in the otr (off-the -road) tire market are Michelin, Bridgestone, Goodyear, Titan, Yokohama Tire, China National Tyre & Rubber, Continental, Alliance Tire Group, BKT, Guizhou Tire, Linglong Tire, Apollo, Pirelli, Prinx Chengshan, Double Coin Holdings, Triangle, Zhongce Rubber, Fujian Haian Rubber, Shandong Taishan Tyre, Shandong Yinbao, Doublestar, JK Tyre, Eurotire, Hawk International Rubber, Techking Tires.
The otr (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 OTR (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 OTR (Off-The -Road) Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 OTR (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 OTR (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 OTR (Off-The -Road) Tire Market Size & Forecast, 2018-2028
4.5.1 OTR (Off-The -Road) Tire Market Size and Y-o-Y Growth
4.5.2 OTR (Off-The -Road) Tire Market Absolute $ Opportunity
Chapter 5 Global OTR (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 OTR (Off-The -Road) Tire Market Size Forecast by Type
5.2.1 Rim Diameter ≤29 Inch
5.2.2 29 Inch＜Rim Diameter≤39 Inch
5.2.3 39 Inch＜Rim Diameter≤49 Inch
5.2.4 Rim Diameter ＞49 Inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global OTR (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 OTR (Off-The -Road) Tire Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Port
6.2.4 Agricultural
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global OTR (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 OTR (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 OTR (Off-The -Road) Tire Analysis and Forecast
9.1 Introduction
9.2 North America OTR (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 OTR (Off-The -Road) Tire Market Size Forecast by Type
9.6.1 Rim Diameter ≤29 Inch
9.6.2 29 Inch＜Rim Diameter≤39 Inch
9.6.3 39 Inch＜Rim Diameter≤49 Inch
9.6.4 Rim Diameter ＞49 Inch
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 OTR (Off-The -Road) Tire Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 Port
9.10.4 Agricultural
9.10.5 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 OTR (Off-The -Road) Tire Analysis and Forecast
10.1 Introduction
10.2 Europe OTR (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 OTR (Off-The -Road) Tire Market Size Forecast by Type
10.6.1 Rim Diameter ≤29 Inch
10.6.2 29 Inch＜Rim Diameter≤39 Inch
10.6.3 39 Inch＜Rim Diameter≤49 Inch
10.6.4 Rim Diameter ＞49 Inch
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 OTR (Off-The -Road) Tire Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 Port
10.10.4 Agricultural
10.10.5 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 OTR (Off-The -Road) Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific OTR (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 OTR (Off-The -Road) Tire Market Size Forecast by Type
11.6.1 Rim Diameter ≤29 Inch
11.6.2 29 Inch＜Rim Diameter≤39 Inch
11.6.3 39 Inch＜Rim Diameter≤49 Inch
11.6.4 Rim Diameter ＞49 Inch
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 OTR (Off-The -Road) Tire Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 Port
11.10.4 Agricultural
11.10.5 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 OTR (Off-The -Road) Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America OTR (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 OTR (Off-The -Road) Tire Market Size Forecast by Type
12.6.1 Rim Diameter ≤29 Inch
12.6.2 29 Inch＜Rim Diameter≤39 Inch
12.6.3 39 Inch＜Rim Diameter≤49 Inch
12.6.4 Rim Diameter ＞49 Inch
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 OTR (Off-The -Road) Tire Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 Port
12.10.4 Agricultural
12.10.5 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) OTR (Off-The -Road) Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) OTR (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) OTR (Off-The -Road) Tire Market Size Forecast by Type
13.6.1 Rim Diameter ≤29 Inch
13.6.2 29 Inch＜Rim Diameter≤39 Inch
13.6.3 39 Inch＜Rim Diameter≤49 Inch
13.6.4 Rim Diameter ＞49 Inch
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) OTR (Off-The -Road) Tire Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 Port
13.10.4 Agricultural
13.10.5 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 OTR (Off-The -Road) Tire Market: Competitive Dashboard
14.2 Global OTR (Off-The -Road) Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Michelin
14.3.2 Bridgestone
14.3.3 Goodyear
14.3.4 Titan
14.3.5 Yokohama Tire
14.3.6 China National Tyre & Rubber
14.3.7 Continental
14.3.8 Alliance Tire Group
14.3.9 BKT
14.3.10 Guizhou Tire
14.3.11 Linglong Tire
14.3.12 Apollo
14.3.13 Pirelli
14.3.14 Prinx Chengshan
14.3.15 Double Coin Holdings
14.3.16 Triangle
14.3.17 Zhongce Rubber
14.3.18 Fujian Haian Rubber
14.3.19 Shandong Taishan Tyre
14.3.20 Shandong Yinbao
14.3.21 Doublestar
14.3.22 JK Tyre
14.3.23 Eurotire
14.3.24 Hawk International Rubber
14.3.25 Techking Tires
