Off the Road (OTR) Tires Market - Trends Forecast Till 2028

Off the Road (OTR) tires Market by Product (Radial Tires, Bias Tires, Non-Pneumatic Tires), Vehicle Type (Earthmovers, Loader and Dozers, Graders, Material Handling Equipment, Tractors and Agricultural Equipment), End user (Construction, Industrial, Mining, Agriculture, Ports, Other (Defense etc.), OEMs (Original Equipment Manufacturers), and Aftermarket), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-AU-OTRTM-1089

Format:  

Number of Pages: 406

Domain: Automotive

Off the Road (OTR) tires Market – Trends Forecast Till 2028

The Off the Road (OTR) tires market size is projected to reach a CAGR of 4% from 2022 to 2028.

OTR or off the road tires are specially designed for heavy vehicles used off road application like in mining, logistics and agriculture. The usage of these tyres offers the benefits of low cost of maintenance and repair. These tyres are wider than the normal tyres in order to accommodate heavy duty vehicle, to be specific these are 16 inches in width.

Due to the surge in sale of off Highway vehicles along with the increased automation in farms are some of the factors that have supported long-term expansion for Off the Road (OTR) tires Market.

COVID-19 had a negative effect on the market, the low demand for tires during the lockdown and the pandemic along with producers working towards the cut down of the production the market has witnessed a fall.

Off the Road (OTR) tires Market Research Report

Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the increased investment in the infrastructural project along with the construction of roads and railways.

Off the Road (OTR) tires s Market is segmented into Product, Vehicle, End Users, Target Market and region.

On the basis of Product

  • Radial Tires
  • Bias Tires
  • Non-Pneumatic Tires                             

On the basis of Vehicle Type

  • Earthmovers
  • Loader and Dozers
  • Graders
  • Material Handling Equipment
  • Tractors and Agricultural Equipment

On the basis of End-User

  • Construction
  • Industrial
  • Mining
  • Agriculture
  • Ports
  • Other (Defense etc.)

On the basis of Target Market

  • OEMs (Original Equipment Manufacturers)
  • Aftermarket

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Off the Road (OTR) tires Market Primary Respondent

 

Key Players

  • Bridgestone Corporation MICHELIN
  • The Goodyear Tire & Rubber Company
  • Continental AG
  • YOKOHAMA Rubber CO. Ltd.
  • Sumitomo Tires
  • Apollo Tyres Ltd.
  • Nokian Tyres
  • China Rubber Tire & Rubber Co. Ltd
  • Prometeon Tyre Group S.R.L.
  • BKT Tire
  • Qingdao Rhino Tyre Co., Ltd.
  • Titan
  • International, Inc.
  • Trelleborg AB
  • Triangle Group Co. Ltd

Recent Developments

  • In January 2021, Bridgestone corporation announced its 4 year result of the collaboration with NR gene a genomic big data company.
  • In November 2019, Apollo Tyres and Global Automotive Research Centre (GARC) signed up for partnership in order to expand their market in the southern part of Tamil Nadu.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Off the Road (OTR) tires s Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 4% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

Product, Vehicle, End Users, Target Market and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Bridgestone, Michelin, Goodyear, Yokohama Tire, China National Tire & Rubber, MRF, Continental, Belshina, Cheng-Shin Rubber, and Eurotire

Available Customization

In addition to the market data for Off the Road (OTR) tires s Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.


Regional Report

Note: Report data and information will be by Country.


Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.