Report

otr tires market

OTR Tires Market based on Types (Radial Tires and Bias Tires), Vehicle Types (Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors Forklifts, and Others), End-Use (Construction & Mining, Industrial, Agricultural and Others) and Geography – Global Forecast up to 2026

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compaines Companies: 11
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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 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

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

TABLE 1.           GLOBAL OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 2.           GLOBAL OTR TIRES MARKET VALUE FOR RADIAL TIRES, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 3.           GLOBAL OTR TIRES MARKET VALUE FOR BIAS TIRES, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 4.           GLOBAL OTR TIRES MARKET VALUE, BY VEHICLE TYPES, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 5.           GLOBAL OTR TIRES MARKET VALUE FOR LOADERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 6.           GLOBAL OTR TIRES MARKET VALUE FOR DUMP TRUCK, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 7.           GLOBAL OTR TIRES MARKET VALUE FOR GRADERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 8.           GLOBAL OTR TIRES MARKET VALUE FOR CRANES, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 9.           GLOBAL OTR TIRES MARKET VALUE FOR DUMPERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 10.         GLOBAL OTR TIRES MARKET VALUE FOR TRACTORS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 11.         GLOBAL OTR TIRES MARKET VALUE FOR FORKLIFTS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 12.         GLOBAL OTR TIRES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 13.         GLOBAL OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 14.         GLOBAL OTR TIRES MARKET VALUE FOR CONSTRUCTION AND MINING, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 15.         GLOBAL OTR TIRES MARKET VALUE FOR INDUSTRIAL, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 16.         GLOBAL OTR TIRES MARKET VALUE FOR AGRICULTURAL, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 17.         GLOBAL OTR TIRES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2020-2026 (USD BILLION)

TABLE 18.         NORTH AMERICA OTR TIRES MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)

TABLE 19.         NORTH AMERICA OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 20.         NORTH AMERICA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 21.         NORTH AMERICA OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 22.         THE U.S. OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 23.         THE U.S. OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 24.         U.S OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 25.         CANADA OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 26.         CANADA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 27.         CANADA OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 28.         EUROPE OTR TIRES MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)

TABLE 29.         EUROPE OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 30.         EUROPE OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 31.         EUROPE OTR TIRES MARKET VALUE, END-USE, 2020-2026 (USD BILLION)

TABLE 32.         GERMANY OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 33.         GERMANY OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 34.         GERMANY OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 35.         THE U.K. OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 36.         THE U.K. OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 37.         THE U.K. OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 38.         FRANCE OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 39.         FRANCE OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 40.         FRANCE OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 41.         ITALY OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 42.         ITALY OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 43.         ITALY OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 44.         SPAIN OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 45.         SPAIN OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 46.         SPAIN OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 47.         ROE OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 48.         ROE OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 49.         ROE OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 50.         ASIA PACIFIC OTR TIRES MARKET VALUE, BY COUNTRY, 2020-2026 (USD BILLION)

TABLE 51.         ASIA PACIFIC OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 52.         ASIA PACIFIC OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 53.         ASIA PACIFIC OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 54.         CHINA OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 55.         CHINA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 56.         CHINA OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 57.         INDIA OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 58.         INDIA OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 59.         INDIA OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 60.         JAPAN OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 61.         JAPAN OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 62.         JAPAN OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 63.         REST OF APAC OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 64.         REST OF APAC OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 65.         REST OF APAC OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (USD BILLION)

TABLE 66.         REST OF WORLD OTR TIRES MARKET VALUE, BY TYPES, 2020-2026 (USD BILLION)

TABLE 67.         REST OF WORLD OTR TIRES MARKET VALUE, BY VEHICLE TYPES, 2020-2026 (USD BILLION)

TABLE 68.         REST OF WORLD OTR TIRES MARKET VALUE, BY END-USE, 2020-2026 (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.         PROMETEON TYRE GROUP S.R.L: FINANCIALS  

TABLE 73.         PROMETEON TYRE GROUP S.R.L: PRODUCT AND SERVICES     

TABLE 74.         PROMETEON TYRE GROUP S.R.L: RECENT DEVELOPMENTS      

TABLE 75.         YOKOHAMA RUBBER CO. LTD: FINANCIALS      

TABLE 76.         YOKOHAMA RUBBER CO. LTD: PRODUCT AND SERVICES          

TABLE 77.         YOKOHAMA RUBBER CO. LTD: RECENT DEVELOPMENTS           

TABLE 78.         CHINA RUBBER TIRE & RUBBER CO. LTD: FINANCIALS 

TABLE 79.         CHINA RUBBER TIRE & RUBBER CO. LTD: PRODUCT AND SERVICES    

TABLE 80.         CHINA RUBBER TIRE & RUBBER CO. LTD: RECENT DEVELOPMENTS     

TABLE 81.         THE GOODYEAR TIRE & RUBBER COMPANY: FINANCIALS         

TABLE 82.         THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCT AND SERVICES 

TABLE 83.         THE GOODYEAR TIRE & RUBBER COMPANY: RECENT DEVELOPMENTS  

TABLE 84.         APOLLO TYRES LTD: FINANCIALS         

TABLE 85.         APOLLO TYRES LTD: PRODUCT AND SERVICES

TABLE 86.         APOLLO TYRES LTD: RECENT DEVELOPMENTS 

TABLE 87.         SUMITOMO TIRES: FINANCIALS           

TABLE 88.         SUMITOMO TIRES: PRODUCT AND SERVICES   

TABLE 89.         SUMITOMO TIRES: RECENT DEVELOPMENTS    

TABLE 90.         CONTINENTAL AG: FINANCIALS           

TABLE 91.         CONTINENTAL AG: PRODUCT AND SERVICES   

TABLE 92.         CONTINENTAL AG: RECENT DEVELOPMENTS    

TABLE 93.         BKT TIRE: FINANCIALS

TABLE 94.         BKT TIRE: PRODUCT AND SERVICES    

TABLE 95.         BKT TIRE: RECENT DEVELOPMENTS     

TABLE 96.         QINGDAO RHINO TYRE CO., LTD: FINANCIALS 

TABLE 97.         QINGDAO RHINO TYRE CO., LTD: PRODUCT AND SERVICES    

TABLE 98.         QINGDAO RHINO TYRE CO., LTD: RECENT DEVELOPMENTS      

TABLE 99.         TRIANGLE GROUP CO. LTD: PRODUCT AND SERVICES

Research Framework

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
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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OTR Tires Market based on Types (Radial Tires and Bias Tires), Vehicle Types (Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors Forklifts, and Others), End-Use (Construction & Mining, Industrial, Agricultural and Others) and Geography – Global Forecast up to 2026
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