Global OTR Tire Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global OTR Tire Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global OTR Tire market size was valued at USD 8813.6 million in 2022 and is forecast to a readjusted size of USD 11270 million by 2029 with a CAGR of 3.6% during review period.

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.

Global 5 largest manufacturers of OTR Tire 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.

North America is the largest market, with a share about 30%, followed by Europe and China, with the share about 23% and 21%. In terms of product type, Radial Tire occupies the largest share of the total market, about 67%. And in terms of application, the largest application is Loader, followed by Concrete Machinery.

The Global Info Research report includes an overview of the development of the OTR Tire industry chain, the market status of Loader (Radial Tire, Bias Tire), Crane (Radial Tire, Bias Tire), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of OTR Tire.

Regionally, the report analyzes the OTR Tire markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global OTR Tire market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the OTR Tire market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the OTR Tire industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Radial Tire, Bias Tire).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the OTR Tire market.

Regional Analysis: The report involves examining the OTR Tire market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the OTR Tire market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to OTR Tire:

Company Analysis: Report covers individual OTR Tire manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards OTR Tire This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Loader, Crane).

Technology Analysis: Report covers specific technologies relevant to OTR Tire. It assesses the current state, advancements, and potential future developments in OTR Tire areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the OTR Tire market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

OTR Tire market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Radial Tire
Bias Tire
Solid Tire

Market segment by Application
Loader
Crane
Concrete Machinery
Mining Machine
Others

Major players covered
Michelin
Bridgestone
Titan
Continental Tire
Goodyear
China National Chemical & Rubber Group
Xuzhou Armour Rubber Company Ltd
Yokohama Tire
Haian Tire
BKT
Guizhou Tire
Xingyuan tires
Double Coin Tire Group
Apollo
Sailun tires
Triangle tires
Linglong tires
JK Tyre
Taishan Shandong Tire

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe OTR Tire product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of OTR Tire, with price, sales, revenue and global market share of OTR Tire from 2018 to 2023.

Chapter 3, the OTR Tire competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the OTR Tire breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and OTR Tire market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of OTR Tire.

Chapter 14 and 15, to describe OTR Tire sales channel, distributors, customers, research findings and conclusion.