OTR Tire Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Product Type ; By Rim Size ; By Process ; By Vehicle Type ; By Application, By Distribution Channel ; By Region

Description

Global OTR Tires Market Size Booming to Touch USD 6.11 Billion by 2029

The global OTR Tires market is gaining traction because of the increase in the sales of off-highway vehicles and rising farm mechanization.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global OTR Tires market size at USD 3.65 billion in 2022. During the forecast period between 2023 and 2029, the global OTR Tires market size is projected to grow at an impressive CAGR of 7.80% reaching a value of USD 6.11 billion by 2029. Accelerated urbanization and industrialization, particularly in developing countries, as well as the rising modernization of farms, particularly in emerging countries, and the rising demand for modern agricultural vehicles globally are all major growth factors for the global off-the-road (OTR) tires market.

Global OTR Tires Market - Overview:

OTR tires are a type of off-road tire that is used to provide more traction on unpaved surfaces, such as loose dirt, mud, sand, or gravel. These tires, which are typically radial with thick, deep treads, are intended for use in both on- and off-road vehicles. OTR tires that can perform in harsh conditions without sacrificing safety, quality, or performance are required for heavy-duty equipment and vehicles. OTR tires have been used in a wide range of industrial applications, including aircraft tow vehicles, articulated dump trucks, container handlers, and others.

Global OTR Tires Market - By Distribution Channel:

Based on the distribution channel, the global OTR Tires market is segmented into OEM and aftermarket. The OEM segment accounts for the largest market share. OEM businesses deal directly with their clients. They are therefore better equipped to create goods that fulfill the demands of their customers. This frequently results in parts that are stronger and survive longer than those made by aftermarket manufacturers. However, the aftermarkets segment is projected to register a high growth rate during the forecast period owing to the rising demand for replacement tires from the end-user industries.

Impact of COVID-19 on the Global OTR Tires Market

The global market for OTR tires experienced a substantial slowdown during the COVID-19 outbreak. During the lockdown period, the OTR tire supply and manufacturing chains were hampered. Restrictions on cross-border trade to stop the virus' spread also completely disrupted the supply chain. The operation of the main end users, such as construction, mining, and agriculture, was also halted, which had a direct influence on the demand from OEMs and aftermarkets for OTR tires.

Competitive Landscape:

Major players operating in the global OTR Tires market include: Continental AG, Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Yokohama Tire Corporation, Hankook Tire & Technology Co., Ltd., Nokian Tyres plc., Apollo Tyres Ltd, KUMHO TIRE, Pirelli & C. S.p.A., Toyo Tire Corporation, Trelleborg AB, Prometeon Tyre Group S.R.L., JK TYRE & INDUSTRIES LTD., and Triangle Tire.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the global OTR Tires market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global OTR Tires market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23475

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global OTR Tires Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increaseing Use in commercial vehicles
  - 3.2.1.2. Increase in the sales of off-highway vehicles
  - 3.2.1.3. Rising farm mechanization
- 3.2.2. Restraints
  - 3.2.2.1. Fluctuating raw material prices
  - 3.2.2.2. Shift of energy sectors towards renewable energy
- 3.2.3. Opportunities
  - 3.2.3.1. Rising production of automotive
  - 3.2.3.2. Increasing manufacturers focus on the production of eco-friendly OTR tires
- 3.2.4. Challenges
  - 3.2.4.1. High investment and availability of affordable OTR tires from unorganized market
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global OTR Tires Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. Wheeled
  - 4.2.1.2. Rubber Tracks
  - 4.2.1.3. Green
- 4.2.2. By Product Type
  - 4.2.2.1. Solid
  - 4.2.2.2. Radial
  - 4.2.2.3. Belted Bias Tire
  - 4.2.2.4. Bias Tire
  - 4.2.2.5. Non-Pneumatic Tires
- 4.2.3. By Rim Size
  - 4.2.3.1. Upto 20 inch
  - 4.2.3.2. 20-25 inch
  - 4.2.3.3. 25-40 inch
  - 4.2.3.4. 40-50 inch
  - 4.2.3.5. 50-60 inch
  - 4.2.3.6. Above 60 Inch
- 4.2.4. By Process
  - 4.2.4.1. Pre-Cure
  - 4.2.4.2. Mold Cure
- 4.2.5. By Vehicle Type
  - 4.2.5.1. Loader
  - 4.2.5.2. Dump Truck
  - 4.2.5.3. Graders
  - 4.2.5.4. Cranes
  - 4.2.5.5. Dumpers
  - 4.2.5.6. Tractors
  - 4.2.5.7. Forklifts
- 4.2.6. By Application
  - 4.2.6.1. Construction and Mining
  - 4.2.6.2. Agriculture
  - 4.2.6.3. Industrial
- 4.2.7. By Distribution Channel
  - 4.2.7.1. OEM
  - 4.2.7.2. Aftermarket
- 4.2.8. By Region
  - 4.2.8.1. North America
  - 4.2.8.2. Europe
  - 4.2.8.3. Asia Pacific (APAC)
  - 4.2.8.4. Latin America (LATAM)
  - 4.2.8.5. Middle East and Africa (MEA)

5. North America OTR Tires Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Product Type
- 5.2.3. By Rim Size
- 5.2.4. By Process
- 5.2.5. By Vehicle Type
- 5.2.6. By Application
- 5.2.7. By Distribution Channel
- 5.2.8. By Country
  - 5.2.8.1. United States
  - 5.2.8.1.1. By Type
  - 5.2.8.1.2. By Product Type
  - 5.2.8.1.3. By Rim Size
  - 5.2.8.1.4. By Process
  - 5.2.8.1.5. By Vehicle Type
  - 5.2.8.1.6. By Application
  - 5.2.8.1.7. By Distribution Channel
  - 5.2.8.2. Canada
  - 5.2.8.2.1. By Type
  - 5.2.8.2.2. By Product Type
  - 5.2.8.2.3. By Rim Size
  - 5.2.8.2.4. By Process
  - 5.2.8.2.5. By Vehicle Type
  - 5.2.8.2.6. By Application
  - 5.2.8.2.7. By Distribution Channel

6. Europe OTR Tires Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Product Type
- 6.2.3. By Rim Size
- 6.2.4. By Process
- 6.2.5. By Vehicle Type
- 6.2.6. By Application
- 6.2.7. By Distribution Channel
- 6.2.8. By Country
  - 6.2.8.1. Germany
  - 6.2.8.1.1. By Type
  - 6.2.8.1.2. By Product Type
  - 6.2.8.1.3. By Rim Size
  - 6.2.8.1.4. By Process
  - 6.2.8.1.5. By Vehicle Type
  - 6.2.8.1.6. By Application
  - 6.2.8.1.7. By Distribution Channel
  - 6.2.8.2. United Kingdom
  - 6.2.8.2.1. By Type
  - 6.2.8.2.2. By Product Type
  - 6.2.8.2.3. By Rim Size
  - 6.2.8.2.4. By Process
  - 6.2.8.2.5. By Vehicle Type
  - 6.2.8.2.6. By Application
  - 6.2.8.2.7. By Distribution Channel
  - 6.2.8.3. Italy
  - 6.2.8.3.1. By Type
  - 6.2.8.3.2. By Product Type
  - 6.2.8.3.3. By Rim Size
  - 6.2.8.3.4. By Process
  - 6.2.8.3.5. By Vehicle Type
  - 6.2.8.3.6. By Application
  - 6.2.8.3.7. By Distribution Channel
  - 6.2.8.4. France
  - 6.2.8.4.1. By Type
  - 6.2.8.4.2. By Product Type
  - 6.2.8.4.3. By Rim Size
  - 6.2.8.4.4. By Process
  - 6.2.8.4.5. By Vehicle Type
  - 6.2.8.4.6. By Application
  - 6.2.8.4.7. By Distribution Channel
  - 6.2.8.5. Spain
  - 6.2.8.5.1. By Type
  - 6.2.8.5.2. By Product Type
  - 6.2.8.5.3. By Rim Size
  - 6.2.8.5.4. By Process
  - 6.2.8.5.5. By Vehicle Type
  - 6.2.8.5.6. By Application
  - 6.2.8.5.7. By Distribution Channel
  - 6.2.8.6. Belgium
  - 6.2.8.6.1. By Type
  - 6.2.8.6.2. By Product Type
  - 6.2.8.6.3. By Rim Size
  - 6.2.8.6.4. By Process
  - 6.2.8.6.5. By Vehicle Type
  - 6.2.8.6.6. By Application
  - 6.2.8.6.7. By Distribution Channel
  - 6.2.8.7. Russia
  - 6.2.8.7.1. By Type
  - 6.2.8.7.2. By Product Type
  - 6.2.8.7.3. By Rim Size
  - 6.2.8.7.4. By Process
  - 6.2.8.7.5. By Vehicle Type
  - 6.2.8.7.6. By Application
  - 6.2.8.7.7. By Distribution Channel
  - 6.2.8.8. The Netherlands
  - 6.2.8.8.1. By Type
  - 6.2.8.8.2. By Product Type
  - 6.2.8.8.3. By Rim Size
  - 6.2.8.8.4. By Process
  - 6.2.8.8.5. By Vehicle Type
  - 6.2.8.8.6. By Application
  - 6.2.8.8.7. By Distribution Channel
  - 6.2.8.9. Rest of Europe
  - 6.2.8.9.1. By Type
  - 6.2.8.9.2. By Product Type
  - 6.2.8.9.3. By Rim Size
  - 6.2.8.9.4. By Process
  - 6.2.8.9.5. By Vehicle Type
  - 6.2.8.9.6. By Application
  - 6.2.8.9.7. By Distribution Channel

7. Asia Pacific OTR Tires Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Product Type
- 7.2.3. By Rim Size
- 7.2.4. By Process
- 7.2.5. By Vehicle Type
- 7.2.6. By Application
- 7.2.7. By Distribution Channel
- 7.2.8. By Country
  - 7.2.8.1. China
  - 7.2.8.1.1. By Type
  - 7.2.8.1.2. By Product Type
  - 7.2.8.1.3. By Rim Size
  - 7.2.8.1.4. By Process
  - 7.2.8.1.5. By Vehicle Type
  - 7.2.8.1.6. By Application
  - 7.2.8.1.7. By Distribution Channel
  - 7.2.8.2. India
  - 7.2.8.2.1. By Type
  - 7.2.8.2.2. By Product Type
  - 7.2.8.2.3. By Rim Size
  - 7.2.8.2.4. By Process
  - 7.2.8.2.5. By Vehicle Type
  - 7.2.8.2.6. By Application
  - 7.2.8.2.7. By Distribution Channel
  - 7.2.8.3. Japan
  - 7.2.8.3.1. By Type
  - 7.2.8.3.2. By Product Type
  - 7.2.8.3.3. By Rim Size
  - 7.2.8.3.4. By Process
  - 7.2.8.3.5. By Vehicle Type
  - 7.2.8.3.6. By Application
  - 7.2.8.3.7. By Distribution Channel
  - 7.2.8.4. South Korea
  - 7.2.8.4.1. By Type
  - 7.2.8.4.2. By Product Type
  - 7.2.8.4.3. By Rim Size
  - 7.2.8.4.4. By Process
  - 7.2.8.4.5. By Vehicle Type
  - 7.2.8.4.6. By Application
  - 7.2.8.4.7. By Distribution Channel
  - 7.2.8.5. Australia & New Zealand
  - 7.2.8.5.1. By Type
  - 7.2.8.5.2. By Product Type
  - 7.2.8.5.3. By Rim Size
  - 7.2.8.5.4. By Process
  - 7.2.8.5.5. By Vehicle Type
  - 7.2.8.5.6. By Application
  - 7.2.8.5.7. By Distribution Channel
  - 7.2.8.6. Indonesia
  - 7.2.8.6.1. By Type
  - 7.2.8.6.2. By Product Type
  - 7.2.8.6.3. By Rim Size
  - 7.2.8.6.4. By Process
  - 7.2.8.6.5. By Vehicle Type
  - 7.2.8.6.6. By Application
  - 7.2.8.6.7. By Distribution Channel
  - 7.2.8.7. Malaysia
  - 7.2.8.7.1. By Type
  - 7.2.8.7.2. By Product Type
  - 7.2.8.7.3. By Rim Size
  - 7.2.8.7.4. By Process
  - 7.2.8.7.5. By Vehicle Type
  - 7.2.8.7.6. By Application
  - 7.2.8.7.7. By Distribution Channel
  - 7.2.8.8. Singapore
  - 7.2.8.8.1. By Type
  - 7.2.8.8.2. By Product Type
  - 7.2.8.8.3. By Rim Size
  - 7.2.8.8.4. By Process
  - 7.2.8.8.5. By Vehicle Type
  - 7.2.8.8.6. By Application
  - 7.2.8.8.7. By Distribution Channel
  - 7.2.8.9. Vietnam
  - 7.2.8.9.1. By Type
  - 7.2.8.9.2. By Product Type
  - 7.2.8.9.3. By Rim Size
  - 7.2.8.9.4. By Process
  - 7.2.8.9.5. By Vehicle Type
  - 7.2.8.9.6. By Application
  - 7.2.8.9.7. By Distribution Channel
  - 7.2.8.10. Rest of APAC
  - 7.2.8.10.1. By Type
  - 7.2.8.10.2. By Product Type
  - 7.2.8.10.3. By Rim Size
  - 7.2.8.10.4. By Process
  - 7.2.8.10.5. By Vehicle Type
  - 7.2.8.10.6. By Application
  - 7.2.8.10.7. By Distribution Channel

8. Latin America OTR Tires Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Product Type
- 8.2.3. By Rim Size
- 8.2.4. By Process
- 8.2.5. By Vehicle Type
- 8.2.6. By Application
- 8.2.7. By Distribution Channel
- 8.2.8. By Country
  - 8.2.8.1. Brazil
  - 8.2.8.1.1. By Type
  - 8.2.8.1.2. By Product Type
  - 8.2.8.1.3. By Rim Size
  - 8.2.8.1.4. By Process
  - 8.2.8.1.5. By Vehicle Type
  - 8.2.8.1.6. By Application
  - 8.2.8.1.7. By Distribution Channel
  - 8.2.8.2. Mexico
  - 8.2.8.2.1. By Type
  - 8.2.8.2.2. By Product Type
  - 8.2.8.2.3. By Rim Size
  - 8.2.8.2.4. By Process
  - 8.2.8.2.5. By Vehicle Type
  - 8.2.8.2.6. By Application
  - 8.2.8.2.7. By Distribution Channel
  - 8.2.8.3. Argentina
  - 8.2.8.3.1. By Type
  - 8.2.8.3.2. By Product Type
  - 8.2.8.3.3. By Rim Size
  - 8.2.8.3.4. By Process
  - 8.2.8.3.5. By Vehicle Type
  - 8.2.8.3.6. By Application
  - 8.2.8.3.7. By Distribution Channel
  - 8.2.8.4. Peru
  - 8.2.8.4.1. By Type
  - 8.2.8.4.2. By Product Type
  - 8.2.8.4.3. By Rim Size
  - 8.2.8.4.4. By Process
  - 8.2.8.4.5. By Vehicle Type
  - 8.2.8.4.6. By Application
  - 8.2.8.4.7. By Distribution Channel
  - 8.2.8.5. Rest of LATAM
  - 8.2.8.5.1. By Type
  - 8.2.8.5.2. By Product Type
  - 8.2.8.5.3. By Rim Size
  - 8.2.8.5.4. By Process
  - 8.2.8.5.5. By Vehicle Type
  - 8.2.8.5.6. By Application
  - 8.2.8.5.7. By Distribution Channel

9. Middle East & Africa OTR Tires Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Product Type
- 9.2.3. By Rim Size
- 9.2.4. By Process
- 9.2.5. By Vehicle Type
- 9.2.6. By Application
- 9.2.7. By Distribution Channel
- 9.2.8. By Country
  - 9.2.8.1. Saudi Arabia
  - 9.2.8.1.1. By Type
  - 9.2.8.1.2. By Product Type
  - 9.2.8.1.3. By Rim Size
  - 9.2.8.1.4. By Process
  - 9.2.8.1.5. By Vehicle Type
  - 9.2.8.1.6. By Application
  - 9.2.8.1.7. By Distribution Channel
  - 9.2.8.2. UAE
  - 9.2.8.2.1. By Type
  - 9.2.8.2.2. By Product Type
  - 9.2.8.2.3. By Rim Size
  - 9.2.8.2.4. By Process
  - 9.2.8.2.5. By Vehicle Type
  - 9.2.8.2.6. By Application
  - 9.2.8.2.7. By Distribution Channel
  - 9.2.8.3. Qatar
  - 9.2.8.3.1. By Type
  - 9.2.8.3.2. By Product Type
  - 9.2.8.3.3. By Rim Size
  - 9.2.8.3.4. By Process
  - 9.2.8.3.5. By Vehicle Type
  - 9.2.8.3.6. By Application
  - 9.2.8.3.7. By Distribution Channel
  - 9.2.8.4. Kuwait
  - 9.2.8.4.1. By Type
  - 9.2.8.4.2. By Product Type
  - 9.2.8.4.3. By Rim Size
  - 9.2.8.4.4. By Process
  - 9.2.8.4.5. By Vehicle Type
  - 9.2.8.4.6. By Application
  - 9.2.8.4.7. By Distribution Channel
  - 9.2.8.5. South Africa
  - 9.2.8.5.1. By Type
  - 9.2.8.5.2. By Product Type
  - 9.2.8.5.3. By Rim Size
  - 9.2.8.5.4. By Process
  - 9.2.8.5.5. By Vehicle Type
  - 9.2.8.5.6. By Application
  - 9.2.8.5.7. By Distribution Channel
  - 9.2.8.6. Nigeria
  - 9.2.8.6.1. By Type
  - 9.2.8.6.2. By Product Type
  - 9.2.8.6.3. By Rim Size
  - 9.2.8.6.4. By Process
  - 9.2.8.6.5. By Vehicle Type
  - 9.2.8.6.6. By Application
  - 9.2.8.6.7. By Distribution Channel
  - 9.2.8.7. Algeria
  - 9.2.8.7.1. By Type
  - 9.2.8.7.2. By Product Type
  - 9.2.8.7.3. By Rim Size
  - 9.2.8.7.4. By Process
  - 9.2.8.7.5. By Vehicle Type
  - 9.2.8.7.6. By Application
  - 9.2.8.7.7. By Distribution Channel
  - 9.2.8.8. Rest of MEA
  - 9.2.8.8.1. By Type
  - 9.2.8.8.2. By Product Type
  - 9.2.8.8.3. By Rim Size
  - 9.2.8.8.4. By Process
  - 9.2.8.8.5. By Vehicle Type
  - 9.2.8.8.6. By Application
  - 9.2.8.8.7. By Distribution Channel

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global OTR Tires Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global OTR Tires Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Continental AG
12.2. Bridgestone Corporation
12.3. MICHELIN
12.4. The Goodyear Tire & Rubber Company
12.5. Yokohama Tire Corporation
12.6. Hankook Tire & Technology Co.,Ltd.
12.7. Nokian Tyres plc.
12.8. Apollo Tyres Ltd
12.9. KUMHO TIRE
12.10. Pirelli & C. S.p.A.
12.11. Toyo Tire Corporation
12.12. Trelleborg AB
12.13. Prometeon Tyre Group S.R.L.
12.14. JK TYRE & INDUSTRIES LTD.
12.15. Triangle Tire
12.16. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations