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 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 surfaces. The rising population worldwide and increasing demand for higher food production are fueling the demand for tractors and agriculture equipment vehicles, thus increasing the demand for OTR tires. A rise in the preference for employing modern equipment for agricultural activities has encouraged tractors' adoption, which drives the growth of the OTR tires market. The severe weather conditions and customization resulted in high research and development expenditure, which is likely to hamper the OTR tires market. The OTR Tires Market is expected to grow at the rate of 3.4% CAGR by 2026.      

Research Methodology:

The OTR tires market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

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 Use

• 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 mainly used and dominate the market due to their benefits, including higher service life than bias tires, improved handling, and improved ride. Moreover, the radial type of tires has a significant application in farming. It can increase crop production by minimizing compaction, which further boosts the radial tires segment's growth.

Based on the vehicle types, the market is segmented into loaders, dump trucks, graders, cranes, dumpers, tractors, forklifts, and others. Among all segments, the tractors segment is expected to hold the highest share in the market. There is an increasing demand for the tractor in the agriculture sector as these tires reduce soil damage and yield-robbing.

Based on the end-user segment, the market is bifurcated into construction and mining, industrial, agricultural, and others. The construction and mining segment is having a significant share in the OTR tires market growth. This is because of growing advancements in construction and mining equipment such as automation and electrification, which have supported the fleet operation to use equipment in many shifts.

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

The rapid increase in off-road vehicles such as tractors, agricultural machinery, and others worldwide is projected to fuel the global market growth rate. The rise in the usage of heavy vehicles in the agriculture and construction sectors is also influencing the market's growth. The deployment of the monitoring systems for the tires among the commercial sectors is also escalating the OTR tires market growth rate. 

The key vendors operating in the OTR tires market are Bridgestone Corporation MICHELIN, Prometeon Tyre Group SRL, 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 have a 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 the OTR tires market includes the complete quantitative analysis of the market, which helps the shareholders capitalize on the present market trends.
• Again, the research will help understand the market vendors' capabilities and strategies such as innovations, mergers and acquisitions, and expansions.
• This research of the OTR tires market also includes comprehensive insights regarding the technical innovations in the products.
• Additionally, this research will elucidate the OTR tires market's geographical analysis to understand the market penetration across the world.  

1. Executive Summary
2. Industry Outlook
   1. Industry Overview
   2. Industry Trends
3. Market Snapshot
   1. Market Definition
   2. Market Outlook
      1. Porter Five Forces
   3. Related Markets
4. Market characteristics
   1. Market Overview
   2. Market Segmentation
   3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
   4. DRO - Impact Analysis
5. Types: Market Size & Analysis
   1. Overview
   2. Radial Tires
   3. Bias Tires
6. Vehicle Types: Market Size & Analysis
   1. Overview
   2. Loaders
   3. Dump Truck
   4. Graders
   5. Cranes
   6. Dumpers
   7. Tractors
   8. Forklifts
   9. Others
7. End-Use: Market Size & Analysis
   1. Overview
   2. Construction and Mining
   3. Industrial
   4. Agricultural
   5. Others
8. Geography: Market Size & Analysis
   1. Overview
   2. North America
   3. Europe
   4. Asia Pacific
   5. Rest of the World
9. Competitive Landscape
   1. Competitor Comparison Analysis
   2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
10. Vendor Profiles
    1. Bridgestone Corporation MICHELIN
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    2. Prometeon Tyre Group S.R.L.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    3. YOKOHAMA Rubber CO. Ltd.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    4. China Rubber Tire & Rubber Co. Ltd
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    5. The Goodyear Tire & Rubber Company
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    6. Apollo Tyres Ltd.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    7. Sumitomo Tires
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    8. Continental AG
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    9. BKT Tire
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    10. Qingdao Rhino Tyre Co., Ltd.
        1. Overview
        2. Financial Overview
        3. Product Offerings
        4. Developments
        5. Business Strategy
11. Companies to Watch
    1. Triangle Group Co. Ltd
       1. Overview
       2. Products & Services
       3. Business Strategy
12. Analyst Opinion
13. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
       1. Data Collation and In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations