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Market Research Report
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1058351

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

Published: | IMARC Services Private Limited | 109 Pages | Delivery time: 2-3 business days

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North America OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: February 12, 2022
IMARC Services Private Limited
Content info: 109 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The North America OTR tire market reached a volume of 405.0 thousand units in 2021. Looking forward, IMARC Group expects the market to reach 580.7 thousand units by 2027, exhibiting a CAGR of 6.5% 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 on different end use industries. These insights are included in the report as a major market contributor.

Off-the-road (OTR) tires refer to the deeply tramped tires that provide high traction over unlevelled surfaces, including rock, mud, loose dirt, or gravel. These tires are designed for usage across ports, construction sites, agricultural lands, mining areas, etc. Some of the common off-the-road vehicles include cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, specialized purpose vehicles, etc. OTR tires provide good handling and high tread life, better durability, enhanced vehicular performance, optimum stability, and reduced contact patch area. As a result, these tires are widely adopted across various sectors, including construction, mining, recreation, agriculture, etc.

North America OTR Tire Market Trends:

  • In North America, the expanding construction sector, along with the increasing development of numerous infrastructural projects, including housing facilities, industrial complexes, road and railway networks, etc., is primarily driving the OTR tire market. In line with this, rising investments in the upgradation of several commercial structures, such as bridges, highways, dams, power supply grids, etc., across different terrains are also augmenting the OTR tire market. Additionally, the growing deployment of forklifts, cranes, bulldozers, etc., for enhancing the safety and security of workers during heavy-duty construction activities is further propelling the demand for OTR tires in the region. Besides this, the expanding mining industry, coupled with the extensive utilization of fully mechanized equipment for quarrying activities, is positively influencing the growth of the North America OTR tire market. Moreover, the escalating adoption of integrated farm machinery for numerous labor-intensive tasks in the agriculture sector is also bolstering demand for OTR tires. Apart from this, the increasing popularity of All-terrain vehicles (ATVs), such as dirt bikes and quads, for various recreational purposes is acting as another significant growth-inducing factor. Furthermore, the emergence of advanced product variants that are integrated with sensor-based technologies for monitoring tire pressure and temperature and minimizing the risk of potential hazards by providing real-time data analysis is expected to drive the North America OTR tire market in the coming years.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the North America 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 size, tire type, vehicle type and distribution channel.

Breakup by Demand:

  • Original Equipment Market
  • Replacement Market

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 Tire Type:

  • Radial Tire
  • Bias Tire

Breakup by Vehicle Type:

  • Mining Vehicles
  • Construction & Industrial Vehicles
  • Agricultural Vehicles
  • Others

Breakup by Distribution Channel:

  • Offline
  • Online

Breakup by Country:

  • United States
  • Canada

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bridgestone Corporation, CMA, LLC, Continental AG, Cooper Tire & Rubber Company, Titan International, Inc., Michelin, Nokian Tyres plc, The Yokohama Rubber Co, Ltd., Toyo Tire Corporation, Trelleborg AB, Triangle Tyre Co., Ltd, and Pirelli & C. S.p.A. Key Questions Answered in This Report:

  • How has the North America 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 North America 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 size?
  • What is the breakup of the market based on the tire type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the Volume chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the North America OTR tire market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0222A202_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 North America 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 Original Equipment Market
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Replacement Market
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Tire Size

  • 7.1 Top Tire Sizes in 24''-30''
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Top Tire Sizes in 31''-35''
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Top Tire Sizes in 36''-39''
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Top Tire Sizes in 40''-50''
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Top Tire Sizes in 51''-55''
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Top Tire Sizes in 56''-63''
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Tire Type

  • 8.1 Radial Tire
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Bias Tire
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Vehicle Type

  • 9.1 Mining Vehicles
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Construction & Industrial Vehicles
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Agricultural 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 Distribution Channel

  • 10.1 Offline
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Online
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast

11 Market Breakup by Country

  • 11.1 United States
    • 11.1.1 Market Trends
    • 11.1.2 Market Breakup by Demand
    • 11.1.3 Market Breakup by Tire Size
    • 11.1.4 Market Breakup by Tire Type
    • 11.1.5 Market Breakup by Vehicle Type
    • 11.1.6 Market Breakup by Distribution Channel
    • 11.1.7 Market Forecast
  • 11.2 Canada
    • 11.2.1 Market Trends
    • 11.2.2 Market Breakup by Demand
    • 11.2.3 Market Breakup by Tire Size
    • 11.2.4 Market Breakup by Tire Type
    • 11.2.5 Market Breakup by Vehicle Type
    • 11.2.6 Market Breakup by Distribution Channel
    • 11.2.7 Market Forecast

12 SWOT Analysis

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

13 Volume Chain Analysis

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 Bridgestone Corporation
      • 16.3.1.1 Company Overview
      • 16.3.1.2 Product Portfolio
      • 16.3.1.3 Financials
      • 16.3.1.4 SWOT Analysis
    • 16.3.2 CMA, LLC
      • 16.3.2.1 Company Overview
      • 16.3.2.2 Product Portfolio
    • 16.3.3 Continental AG
      • 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 Cooper Tire & Rubber Company
      • 16.3.4.1 Company Overview
      • 16.3.4.2 Product Portfolio
      • 16.3.4.3 Financials
      • 16.3.4.4 SWOT Analysis
    • 16.3.5 Titan International, Inc.
      • 16.3.5.1 Company Overview
      • 16.3.5.2 Product Portfolio
      • 16.3.5.3 Financials
    • 16.3.6 Michelin
      • 16.3.6.1 Company Overview
      • 16.3.6.2 Product Portfolio
    • 16.3.7 Nokian Tyres plc
      • 16.3.7.1 Company Overview
      • 16.3.7.2 Product Portfolio
      • 16.3.7.3 Financials
    • 16.3.8 The Yokohama Rubber Co, Ltd.
      • 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 Toyo Tire Corporation
      • 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 Trelleborg AB
      • 16.3.10.1 Company Overview
      • 16.3.10.2 Product Portfolio
      • 16.3.10.3 Financials
    • 16.3.11 Triangle Tyre Co., Ltd
      • 16.3.11.1 Company Overview
      • 16.3.11.2 Product Portfolio
    • 16.3.12 Pirelli & C. S.p.A.
      • 16.3.12.1 Company Overview
      • 16.3.12.2 Product Portfolio
      • 16.3.12.3 Financials
      • 16.3.12.4 SWOT Analysis

List of Figures

  • Figure 1: North America: OTR Tire Market: Major Drivers and Challenges
  • Figure 2: North America: OTR Tire Market: Sales Volume (in '000 Units), 2016-2021
  • Figure 3: North America: OTR Tire Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 4: North America: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 5: North America: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 6: North America: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 7: North America: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 8: North America: OTR Tire Market: Breakup by Distribution Channel (in %), 2021
  • Figure 9: North America: OTR Tire Market: Breakup by Country (in %), 2021
  • Figure 10: North America: OTR Tire (Original Equipment Market) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 11: North America: OTR Tire (Original Equipment Market) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 12: North America: OTR Tire (Replacement Market) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 13: North America: OTR Tire (Replacement Market) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 14: North America: OTR Tire (Top Tire Sizes in 24''-30'') Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 15: North America: OTR Tire (Top Tire Sizes in 24''-30'') Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 16: North America: OTR Tire (Top Tire Sizes in 31''-35'') Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 17: North America: OTR Tire (Top Tire Sizes in 31''-35'') Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 18: North America: OTR Tire (Top Tire Sizes in 36''-39'') Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 19: North America: OTR Tire (Top Tire Sizes in 36''-39'') Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 20: North America: OTR Tire (Top Tire Sizes in 40''-50'') Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 21: North America: OTR Tire (Top Tire Sizes in 40''-50'') Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 22: North America: OTR Tire (Top Tire Sizes in 51''-55'') Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 23: North America: OTR Tire (Top Tire Sizes in 51''-55'') Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 24: North America: OTR Tire (Top Tire Sizes in 56''-63'') Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 25: North America: OTR Tire (Top Tire Sizes in 56''-63'') Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 26: North America: OTR Tire (Radial Tire) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 27: North America: OTR Tire (Radial Tire) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 28: North America: OTR Tire (Bias Tire) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 29: North America: OTR Tire (Bias Tire) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 30: North America: OTR Tire (Mining Vehicles) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 31: North America: OTR Tire (Mining Vehicles) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 32: North America: OTR Tire (Construction & Industrial Vehicles) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 33: North America: OTR Tire (Construction & Industrial Vehicles) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 34: North America: OTR Tire (Agricultural Vehicles) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 35: North America: OTR Tire (Agricultural Vehicles) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 36: North America: OTR Tire (Other Vehicle Types) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 37: North America: OTR Tire (Other Vehicle Types) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 38: North America: OTR Tire (Offline) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 39: North America: OTR Tire (Offline) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 40: North America: OTR Tire (Online) Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 41: North America: OTR Tire (Online) Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 42: United States: OTR Tire Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 43: United States: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 44: United States: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 45: United States: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 46: United States: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 47: United States: OTR Tire Market: Breakup by Distribution Channel (in %), 2021
  • Figure 48: United States: OTR Tire Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 49: Canada: OTR Tire Market: Sales Volume (in '000 Units), 2016 & 2021
  • Figure 50: Canada: OTR Tire Market: Breakup by Demand (in %), 2021
  • Figure 51: Canada: OTR Tire Market: Breakup by Tire Size (in %), 2021
  • Figure 52: Canada: OTR Tire Market: Breakup by Tire Type (in %), 2021
  • Figure 53: Canada: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
  • Figure 54: Canada: OTR Tire Market: Breakup by Distribution Channel (in %), 2021
  • Figure 55: Canada: OTR Tire Market Forecast: Sales Volume (in '000 Units), 2022-2027
  • Figure 56: North America: OTR Tire Industry: SWOT Analysis
  • Figure 57: North America: OTR Tire Industry: Volume Chain Analysis
  • Figure 58: North America: OTR Tire Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: North America: OTR Tire Market: Key Industry Highlights, 2021 and 2027
  • Table 2: North America: OTR Tire Market Forecast: Breakup by Demand (in '000 Units), 2022-2027
  • Table 3: North America: OTR Tire Market Forecast: Breakup by Tire Size (in '000 Units), 2022-2027
  • Table 4: North America: OTR Tire Market Forecast: Breakup by Tire Type (in '000 Units), 2022-2027
  • Table 5: North America: OTR Tire Market Forecast: Breakup by Vehicle Type (in '000 Units), 2022-2027
  • Table 6: North America: OTR Tire Market Forecast: Breakup by Distribution Channel (in '000 Units), 2022-2027
  • Table 7: North America: OTR Tire Market Forecast: Breakup by Country (in '000 Units), 2022-2027
  • Table 8: North America: OTR Tire Market: Competitive Structure
  • Table 9: North America: OTR Tire Market: Key Players