OTR Tires - Global Market Outlook (2018-2027)

According to Stratistics MRC, the Global Off-The-Road (OTR) Tires Market is accounted for $5.51 billion in 2018 and is expected to reach $9.22 billion by 2027 growing at a CAGR of 5.9% during the forecast period. Some of the key factors influencing the market growth include increasing demand for agriculture tractors and construction & mining equipment caused by mechanization, increasing sales of off-highway vehicles and an increase in manufacturing activities. However, fluctuating raw material prices is restricting market growth. 

OTR (Off-the-Road) tires are designed to improve performance and stability and provide traction on different unpaved surfaces including sand, mud, dirt, and others. OTR tires are widely used at dam construction sites, civil engineering sites, sand and gravel at mining, agriculture sector, and others. 

Amongst end-user, the construction and mining segment has significant growth during the forecast period. The advancements in construction & mining equipment, such as automation and electrification, have helped the fleet operators to use the equipment in multiple shifts. This has led to decreased tire replacement duration, thereby to the increased demand for aftermarket tires. 

By Geography, North America is estimated to have a lucrative growth during the forecast period. North American economy has finally recovered from the setbacks of recession. In North America, the growth of the Off the Road Tire Market will be driven by infrastructure development, availability of state-of-the-art technology, increasing demand for green vehicles, and the presence of a large base of tier-1 companies and OEMs. 

Some of the key players in global Off-The-Road (OTR) Tires market are JK Tyre, Bridgestone, Hawk International Rubber, Pirelli, Continental, Hankook Tire, MRF, Ceat, BKT, Michelin, Sumitomo, Doublestar, Apollo, Fujian Haian Rubber, Yokohama Tire, Alliance Tire Group, Double Coin Holdings, Dunlop, Prometeon Tyre Group S.R.L., and The Good Year Tire Company. 

Construction Types Covered:
• Belted Bias Tire
• Bias Tire
• Radial
• Non-Pneumatic Tires
• Solid

Sizes Covered:
• Above 60 Inch
• 50.1-60 Inch
• 40.1-50 Inch
• 25.1-40 Inch
• 20.1-25 Inch
• 15-20 Inch

Processes Covered:
• Mold Cure
• Pre-Cure

Rim Sizes Covered:
• 50.1 Inch – 63.0 inch
• 25.1 Inch – 49.9 inch
• < 24.9 Inch

Products Covered:
• Rubber Tracks
• Wheeled

Vehicle Types Covered:
• Material Handling Equipment
• Earthmovers
• Dumpers
• Cranes
• Loader and Dozers
• Dump Truck
• Graders

Demand Categories Covered:
• Replacement
• Original Equipment Manufacturers (OEM)
• Aftermarket 

End Users Covered:
• Industrial
• Construction & Mining 
• Agricultural
• Ports Tire Sizes
• Defense
• Forestry and Light Duty
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand      
o South Korea       
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances