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Market Research Report
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1037100

India Off-the-Road Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: | IMARC Services Private Limited | 108 Pages | Delivery time: 2-3 business days

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India Off-the-Road Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: November 10, 2021
IMARC Services Private Limited
Content info: 108 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

The India off-the-road tire market grew at a CAGR of around 7% in during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Off-the-road (OTR) tires refer to the deeply treaded tires that provide high traction over uneven surfaces, including rock, mud, loose dirt, or gravel. These tires are widely installed in numerous vehicles, including cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, specialized purpose vehicles, etc. OTR tires provide high heat and rolling resistance, better durability, enhanced vehicular performance, optimum stability, easy mobility, and reduced contact patch area. As a result, they are widely adopted across various sectors, including construction, mining, recreation, agriculture, etc.

India Off-the-Road Tire Market Size, 2021-2026 (in US$ Million)

2021

2022

2023

2024

2025

2026

0

50

100

150

200

imarcgroup.com

2021 159 159

2022 168 168

2023 176 176

2024 185 185

2025 193 193

2026 200 200

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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In India, a significant growth in the construction industry has led to increasing infrastructural development activities across diverse geographic locations. Owing to this, there is a growing demand for heavy-duty construction vehicles which is further catalyzing the market for OTR tires. Additionally, the Indian government is heavily investing in the development of various commercial infrastructures across the country, such as highways, power supply grids, bridges, dams, etc., thereby augmenting the demand for OTR tires. In line with this, the elevating levels of urbanization are also driving the adoption of OTR-based cranes, lorries, trucks, etc., in the construction of modern housing complexes, corporate offices, educational facilities, retail centers, etc. Moreover, the expanding agriculture industry in the country has led to the increasing penetration of automated machinery and farm mechanization solutions. The growing adoption of OTR tire-based tractors and loaders in agricultural farms is positively influencing the market in India. Apart from this, a significant growth in the recreational sector has led to the rising deployment of OTR tires in dirt bikes, quads, ATVs, etc. Moreover, the increasing integration of advanced sensor-based technologies with OTR tires for monitoring tire pressure and temperature is further expected to drive the market growth in India over the forecasted period.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the India off-the-road tire market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on vehicle type, tire type, end use, distribution channel and rim size.

Breakup by Vehicle Type:

  • India Off-the-Road Tire Market Share, By Vehicle Type (in US$ Million)
  • Mining Vehicles
  • Construction & Industrial
  • Vehicles
  • Agricultural Vehicles
  • Others
  • 40%
  • 10%
  • 20%
  • 30%
  • imarcgroup.com
  • Mining Vehicles 40
  • Construction & Industrial Vehicles 30
  • Agricultural Vehicles 20
  • Others 10
  • www.imarcgroup.com
  • Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
  • To get more information about this market, Request Sample
  • Mining Vehicles
  • Construction & Industrial Vehicles
  • Agricultural Vehicles
  • Others

Breakup by Tire Type:

  • Radial Tire
  • Bias Tire

Breakup by End Use:

  • OEM
  • Replacement

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by Rim Size:

  • Below 24 inches
  • 24-30 inches
  • 31-35 inches
  • 36-39 inches
  • 40-50 inches
  • 51-55 inches
  • Above 56 inches

Breakup by Region:

  • North India
  • South India
  • East India
  • West & Central India

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Apollo Tyres Limited, Balkrishna Industries Limited, Bridgestone Corporation, CEAT Limited, Continental AG, JK Tyre & Industries Limited, Michelin, MRF Limited, The Goodyear Tyre & Rubber Company and The Yokohama Rubber Co. Ltd. Key Questions Answered in This Report:

  • How has the India off-the-road tire market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on India off-the-road tire market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the tire type?
  • What is the breakup of the market based on the end use?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the rim size?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India off-the-road tire Market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR1020G119_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 India Off-the-Road Tire Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Vehicle Type

  • 6.1 Mining Vehicles
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Construction & Industrial Vehicles
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Agricultural Vehicles
    • 6.3.1 Market Trends
    • 6.3.2Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Tire Type

  • 7.1 Radial Tire
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Bias Tire
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by End Use

  • 8.1 OEM
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Replacement
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Distribution Channel

  • 9.1 Online
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Offline
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by Rim Size

  • 10.1 Below 24 inches
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 24-30 inches
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 31-35 inches
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 36-39 inches
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 40-50 inches
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast
  • 10.6 51-55 inches
    • 10.6.1 Market Trends
    • 10.6.2 Market Forecast
  • 10.7 Above 56 inches
    • 10.7.1 Market Trends
    • 10.7.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North India
    • 11.1.1 Market Trends
    • 11.1.2 Market Breakup by State
    • 11.1.3 Market Forecast
  • 11.2 South India
    • 11.2.1 Market Trends
    • 11.2.2 Market Breakup by State
    • 11.2.3 Market Forecast
  • 11.3 East India
    • 11.3.1 Market Trends
    • 11.3.2 Market Breakup by State
    • 11.3.3 Market Forecast
  • 11.4 West & Central India
    • 11.4.1 Market Trends
    • 11.4.2 Market Breakup by State
    • 11.4.3 Market Forecast

12 SWOT Analysis

  • 12.1 Overview
  • 12.2 Strengths
  • 12.3 Weaknesses
  • 12.4 Opportunities
  • 12.5 Threats

13 Value Chain Analysis

  • 13.1 Overview
  • 13.2 Raw Material Procurement
  • 13.3 Inbound Logistic
  • 13.4 Manufacturing
  • 13.5 Outbound Logistic
  • 13.6 Distribution
  • 13.7 After Sale Services

14 Porters Five Forces Analysis

  • 14.1 Overview
  • 14.2 Bargaining Power of Buyers
  • 14.3 Bargaining Power of Suppliers
  • 14.4 Degree of Competition
  • 14.5 Threat of New Entrants
  • 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 Apollo Tyres Limited
      • 16.3.1.1 Company Overview
      • 16.3.1.2 Product Portfolio
      • 16.3.1.3 Financials
    • 16.3.2 Balkrishna Industries Limited
      • 16.3.2.1 Company Overview
      • 16.3.2.2 Product Portfolio
      • 16.3.2.3 Financials
    • 16.3.3 Bridgestone Corporation
      • 16.3.3.1 Company Overview
      • 16.3.3.2 Product Portfolio
      • 16.3.3.3 Financials
      • 16.3.3.4 SWOT Analysis
    • 16.3.4 CEAT Limited
      • 16.3.4.1 Company Overview
      • 16.3.4.2 Product Portfolio
      • 16.3.4.3 Financials
    • 16.3.5 Continental AG
      • 16.3.5.1 Company Overview
      • 16.3.5.2 Product Portfolio
      • 16.3.5.3 Financials
    • 16.3.6 JK Tyre & Industries Limited
      • 16.3.6.1 Company Overview
      • 16.3.6.2 Product Portfolio
      • 16.3.6.3 Financials
    • 16.3.7 Michelin
      • 16.3.7.1 Company Overview
      • 16.3.7.2 Product Portfolio
      • 16.3.7.3 Financials
      • 16.3.7.4 SWOT Analysis
    • 16.3.8 MRF Limited
      • 16.3.8.1 Company Overview
      • 16.3.8.2 Product Portfolio
      • 16.3.8.3 Financials
    • 16.3.9 The Goodyear Tyre & Rubber Company
      • 16.3.9.1 Company Overview
      • 16.3.9.2 Product Portfolio
      • 16.3.9.3 Financials
      • 16.3.9.4 SWOT Analysis
    • 16.3.10 The Yokohama Rubber Co. Ltd.
      • 16.3.10.1 Company Overview
      • 16.3.10.2 Product Portfolio
      • 16.3.10.3 Financials
      • 16.3.10.4 SWOT Analysis