PUBLISHER: QYResearch | PRODUCT CODE: 1866649
PUBLISHER: QYResearch | PRODUCT CODE: 1866649
The global market for OTR Tires was estimated to be worth US$ 9296 million in 2024 and is forecast to a readjusted size of US$ 12861 million by 2031 with a CAGR of 5.0% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on OTR Tires cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
OTR Tires (Off-the-road tires) are utilized for large-scale machinery at construction and mining and other sites with no roads. These tires mainly made with premium casings and durable compounds. Off-the-road tires offer substantial support for machinery used at various civil engineering sites, including ultra-large dump trucks, earth and gravel at mining and dam construction sites, bulldozers for earth removal and graders for road construction and snow removal.
In 2024, global OTR Tires sales volume reached approximately 17 million units, with an average global market price of around US$ 500 per unit.
Global 5 largest manufacturers of OTR Tires are Michelin, Bridgestone, China National Chemical & Rubber Group, Continental Tire and Yokohama Tire, which make up about 60%. Among them, Michelin is the leader with about 25% market share.
The Off-the-Road (OTR) tires market holds strong long-term potential driven by the sustained demand from mining, construction, agriculture, and industrial sectors that rely on heavy-duty equipment for earthmoving, material handling, and transportation under extreme operating conditions, where OTR tires provide durability, traction, load-bearing capacity, and resistance to wear, cuts, and heat; the mining industry, particularly for coal, iron ore, and rare earth extraction, represents a core growth driver due to the need for ultra-large tires on haul trucks, loaders, and graders, while infrastructure development projects worldwide, including highways, dams, railways, and smart cities, further boost demand for construction machinery tires; agricultural mechanization in developing regions adds another growth avenue as tractors, harvesters, and forestry equipment increasingly adopt high-performance OTR tires to maximize efficiency in challenging terrain; technological advancements, such as radial OTR tires offering improved fuel efficiency, advanced tread designs for extended lifespan, and real-time tire monitoring systems that enhance safety and reduce downtime, strengthen the market outlook; Asia-Pacific leads in consumption due to massive construction and mining activities in China, India, and Australia, while North America and Europe show steady growth supported by modernization of fleets and replacement demand; meanwhile, Africa and Latin America present emerging opportunities linked to mining investments and agricultural expansion; although challenges such as high raw material costs, supply chain disruptions, and retreading competition exist, the overall market fundamentals remain robust, as end-users prioritize productivity, safety, and cost-efficiency in operations; with growing emphasis on sustainability, OTR tire manufacturers are also investing in eco-friendly materials and recycling initiatives, which align with global environmental goals while enhancing brand competitiveness; ultimately, the OTR tire market is set to expand as a critical enabler of heavy industries worldwide, supporting large-scale infrastructure, energy, and food production needs.
This report aims to provide a comprehensive presentation of the global market for OTR Tires, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of OTR Tires by region & country, by Type, and by Application.
The OTR Tires market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding OTR Tires.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of OTR Tires manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of OTR Tires in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of OTR Tires in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.