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Market Research Report
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1053573

Asia Pacific OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 125 Pages | Delivery time: 2-3 business days

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Asia Pacific OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: January 10, 2022
IMARC Services Private Limited
Content info: 125 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting a CAGR of 5.43% during 2022-2027. 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. These insights are included in the report as a major market contributor.

Off-the-road (OTR) tires stand for deeply treaded tires that are specifically designed to provide high traction on unlevelled surfaces, such as loose dirt, mud, rock, and gravel. Some of the common vehicle types that use OTR tires include rigid dump trucks, loaders, reach stackers, cranes, monster trucks, etc. These tires offer numerous benefits associated with high heat and rolling resistance, better durability, improved vehicle performance and stability, easy mobility, reduced contact patch area, etc. As a result, OTR tires are widely adopted across various sectors, including construction, mining, recreation, agriculture, etc.

Asia Pacific OTR Tire Market Trends:

  • The rising number of large-scale projects, including the development of roads, highways, power plants, industrial facilities, commercial complexes, etc., is primarily driving the OTR market in the Asia Pacific region. OTR tires find extensive applications in loaders, excavators, bulldozers, trenchers, etc., for construction activities across diverse geographical locations. Apart from this, the wide presence of metal, mineral, and coal mines across several countries, such as China, Australia, India, and Indonesia, is also propelling the demand for OTR tires in mining and quarrying vehicles, such as large haul trucks. Moreover, a significant growth in the agriculture sector, coupled with the growing prominence of farm mechanization trends, is further augmenting the market growth in the region. Besides this, the rising popularity of dirt bikes and quads for several recreational purposes is acting as another significant growth-inducing factor. Furthermore, growing integration of sensor-based technologies with OTR tires to monitor tire pressure and temperature and reduce the risk of potential hazards by providing real-time data analysis, is expected to drive the growth of the Asia Pacific tire market in the coming years.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific OTR tire market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on demand, tire type, tire size and vehicle type.

Breakup by Demand:

  • OEM
  • Replacement

Breakup by Tire Type:

  • Radial Tire
  • Bias Tire

Breakup by Tire Size:

  • Top Tire Sizes in 24''-30''
  • Top Tire Sizes in 31''-35''
  • Top Tire Sizes in 36''-39''
  • Top Tire Sizes in 40''-50''
  • Top Tire Sizes in 51''-55''
  • Top Tire Sizes in 56''-63''

Breakup by Vehicle Type:

  • Agriculture Vehicles
  • Construction and Industrial Vehicles
  • Mining Vehicles
  • Others

Breakup by Country:

  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • New Zealand
  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Apollo Tyres Ltd, Balkrishna Industries Limited (BKT), Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Industry Co., Ltd, Gajah Tunggal Tbk, Guizhou Tyre Co.,Ltd., JK Tyre and Industries Ltd, Michelin, MRF Limited, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Toyo Tire Corporation and Triangle Tyre Co. Ltd. Key Questions Answered in This Report:

  • How has the Asia Pacific OTR tire market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Asia Pacific OTR tire market?
  • What are the key regional markets?
  • What is the breakup of the market based on the demand?
  • What is the breakup of the market based on the tire type?
  • What is the breakup of the market based on the tire size?
  • What is the breakup of the market based on the vehicle type?
  • 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 Asia Pacific OTR tire market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0122A320_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 Asia Pacific OTR Tire market

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

6 Market Breakup by Demand

  • 6.1 OEM
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Replacement
    • 6.2.1 Market Trends
    • 6.2.2 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 Tire Size

  • 8.1 Top Tire Sizes in 24''-30''
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Top Tire Sizes in 31''-35''
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Top Tire Sizes in 36''-39''
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Top Tire Sizes in 40''-50''
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Top Tire Sizes in 51''-55''
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Top Tire Sizes in 56''-63''
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by Vehicle Type

  • 9.1 Agriculture Vehicles
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Construction and Industrial Vehicles
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Mining Vehicles
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Others
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast

10 Market Breakup by Country

  • 10.1 China
    • 10.1.1 Market Trends
    • 10.1.2 Market Breakup by Demand
    • 10.1.3 Market Breakup by Tire Type
    • 10.1.4 Market Breakup by Tire Size
    • 10.1.5 Market Breakup by Vehicle Type
    • 10.1.6 Market Forecast
  • 10.2 India
    • 10.2.1 Market Trends
    • 10.2.2 Market Breakup by Demand
    • 10.2.3 Market Breakup by Tire Type
    • 10.2.4 Market Breakup by Tire Size
    • 10.2.5 Market Breakup by Vehicle Type
    • 10.2.6 Market Forecast
  • 10.3 Japan
    • 10.3.1 Market Trends
    • 10.3.2 Market Breakup by Demand
    • 10.3.3 Market Breakup by Tire Type
    • 10.3.4 Market Breakup by Tire Size
    • 10.3.5 Market Breakup by Vehicle Type
    • 10.3.6 Market Forecast
  • 10.4 Australia
    • 10.4.1 Market Trends
    • 10.4.2 Market Breakup by Demand
    • 10.4.3 Market Breakup by Tire Type
    • 10.4.4 Market Breakup by Tire Size
    • 10.4.5 Market Breakup by Vehicle Type
    • 10.4.6 Market Forecast
  • 10.5 Indonesia
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Demand
    • 10.5.3 Market Breakup by Tire Type
    • 10.5.4 Market Breakup by Tire Size
    • 10.5.5 Market Breakup by Vehicle Type
    • 10.5.6 Market Forecast
  • 10.6 New Zealand
    • 10.6.1 Market Trends
    • 10.6.2 Market Breakup by Demand
    • 10.6.3 Market Breakup by Tire Type
    • 10.6.4 Market Breakup by Tire Size
    • 10.6.5 Market Breakup by Vehicle Type
    • 10.6.6 Market Forecast
  • 10.7 Others
    • 10.7.1 Market Trends
    • 10.7.2 Market Breakup by Demand
    • 10.7.3 Market Breakup by Tire Type
    • 10.7.4 Market Breakup by Tire Size
    • 10.7.5 Market Breakup by Vehicle Type
    • 10.7.6 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

  • 12.1 Overview
  • 12.2 Raw Material Supplier
  • 12.3 Tire Manufacturer
  • 12.4 Distributor
  • 12.5 Aftersales Service
  • 12.6 Tire Recycling Companies

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

  • 14.1 Key Price Indicators
  • 14.2 Price Structure
  • 14.3 Price Trends

15 Policy and Regulatory Landscape

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 Apollo Tyres Ltd.
      • 16.3.1.1 Company Overview
      • 16.3.1.2 Product Portfolio
      • 16.3.1.3 Financials
    • 16.3.2 Balkrishna Industries Limited (BKT)
      • 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 Cheng Shin Rubber Industry Co., Ltd
      • 16.3.5.1 Company Overview
      • 16.3.5.2 Product Portfolio
    • 16.3.6 Guizhou Tyre Co.,Ltd.
      • 16.3.6.1 Company overview
      • 16.3.6.2 Product Portfolio
      • 16.3.6.3 Financials
    • 16.3.7 JK Tyre and Industries Ltd
      • 16.3.7.1 Company Overview
      • 16.3.7.2 Product Portfolio
      • 16.3.7.3 Financials
    • 16.3.8 Michelin
      • 16.3.8.1 Company Overview
      • 16.3.8.2 Product Portfolio
      • 16.3.8.3 Financials
      • 16.3.8.4 SWOT Analysis
    • 16.3.9 MRF Limited
      • 16.3.9.1 Company overview
      • 16.3.9.2 Product Portfolio
      • 16.3.9.3 Financials
    • 16.3.10 PT Gajah Tunggal Tbk
      • 16.3.10.1 Company Overview
      • 16.3.10.2 Product Portfolio
      • 16.3.10.3 Financials
    • 16.3.11 Sumitomo Rubber Industries, Ltd.
      • 16.3.11.1 Company Overview
      • 16.3.11.2 Product Portfolio
      • 16.3.11.3 Financials
      • 16.3.11.4 SWOT Analysis
    • 16.3.12 The Goodyear Tire & Rubber Company
      • 16.3.12.1 Company Overview
      • 16.3.12.2 Product Portfolio
      • 16.3.12.3 Financials
      • 16.3.12.4 SWOT Analysis
    • 16.3.13 The Yokohama Rubber Co, Ltd.
      • 16.3.13.1 Company Overview
      • 16.3.13.2 Product Portfolio
      • 16.3.13.3 Financials
      • 16.3.13.4 SWOT Analysis
    • 16.3.14 Toyo Tire Corporation
      • 16.3.14.1 Company Overview
      • 16.3.14.2 Product Portfolio
      • 16.3.14.3 Financials
      • 16.3.14.4 SWOT Analysis
    • 16.3.15 Triangle Tyre Co., Ltd
      • 16.3.15.1 Company Overview
      • 16.3.15.2 Product Portfolio
      • 16.3.15.3 SWOT Analysis

List of Figures

  • Figure 1: Asia Pacific: OTR Tire Market: Major Drivers and Challenges
  • Figure 2: Asia Pacific: OTR Tire Market: Volume Trends (in Million Units), 2016-2021
  • Figure 3: Asia Pacific: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 4: Asia Pacific: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 5: Asia Pacific: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 6: Asia Pacific: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 7: Asia Pacific: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 8: Asia Pacific: OTR Tire Market: Breakup by Country (in %), 2021
  • Figure 9: Asia Pacific: OTR Tire (OEM) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 10: Asia Pacific: OTR Tire (OEM) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 11: Asia Pacific: OTR Tire (Replacement) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 12: Asia Pacific: OTR Tire (Replacement) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 13: Asia Pacific: OTR Tire (Radial Tire) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 14: Asia Pacific: OTR Tire (Radial Tire) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 15: Asia Pacific: OTR Tire (Bias Tire) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 16: Asia Pacific: OTR Tire (Bias Tire) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 17: Asia Pacific: OTR Tire (Top Tire Sizes in 24''-30'') Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 18: Asia Pacific: OTR Tire (Top Tire Sizes in 24''-30'') Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 19: Asia Pacific: OTR Tire (Top Tire Sizes in 31''-35'') Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 20: Asia Pacific: OTR Tire (Top Tire Sizes in 31''-35'') Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 21: Asia Pacific: OTR Tire (Top Tire Sizes in 36''-39'') Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 22: Asia Pacific: OTR Tire (Top Tire Sizes in 36''-39'') Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 23: Asia Pacific: OTR Tire (Top Tire Sizes in 40''-50'') Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 24: Asia Pacific: OTR Tire (Top Tire Sizes in 40''-50'') Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 25: Asia Pacific: OTR Tire (Top Tire Sizes in 51''-55'') Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 26: Asia Pacific: OTR Tire (Top Tire Sizes in 51''-55'') Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 27: Asia Pacific: OTR Tire (Top Tire Sizes in 56''-63'') Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 28: Asia Pacific: OTR Tire (Top Tire Sizes in 56''-63'') Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 29: Asia Pacific: OTR Tire (Agriculture Vehicles) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 30: Asia Pacific: OTR Tire (Agriculture Vehicles) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 31: Asia Pacific: OTR Tire (Construction and Industrial Vehicles) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 32: Asia Pacific: OTR Tire (Construction and Industrial Vehicles) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 33: Asia Pacific: OTR Tire (Mining Vehicles) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 34: Asia Pacific: OTR Tire (Mining Vehicles) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 35: Asia Pacific: OTR Tire (Other Vehicle Types) Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 36: Asia Pacific: OTR Tire (Other Vehicle Types) Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 37: China: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 38: China: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 39: China: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 40: China: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 41: China: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 42: China: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 43: India: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 44: India: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 45: India: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 46: India: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 47: India: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 48: India: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 49: Japan: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 50: Japan: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 51: Japan: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 52: Japan: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 53: Japan: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 54: Japan: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 55: Australia: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 56: Australia: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 57: Australia: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 58: Australia: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 59: Australia: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 60: Australia: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 61: Indonesia: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 62: Indonesia: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 63: Indonesia: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 64: Indonesia: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 65: Indonesia: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 66: Indonesia: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 67: New Zealand: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 68: New Zealand: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 69: New Zealand: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 70: New Zealand: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 71: New Zealand: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 72: New Zealand: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 73: Others: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
  • Figure 74: Others: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 75: Others: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 76: Others: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 77: Others: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 78: Others: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
  • Figure 79: Asia Pacific: OTR Tire Industry: SWOT Analysis
  • Figure 80: Asia Pacific: OTR Tire Industry: Value Chain Analysis
  • Figure 81: Asia Pacific: OTR Tire Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Asia Pacific: OTR Tire Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Asia Pacific: OTR Tire Market Forecast: Breakup by Demand (in Million Units), 2022-2027
  • Table 3: Asia Pacific: OTR Tire Market Forecast: Breakup by Tire Type (in Million Units), 2022-2027
  • Table 4: Asia Pacific: OTR Tire Market Forecast: Breakup by Tire Size (in Million Units), 2022-2027
  • Table 5: Asia Pacific: OTR Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2022-2027
  • Table 6: Asia Pacific: OTR Tire Market Forecast: Breakup by Country (in Million Units), 2022-2027
  • Table 7: Asia Pacific: OTR Tire Market: Competitive Structure
  • Table 8: Asia Pacific: OTR Tire Market: Key Players