Global Off-Highway Tires Market Growth 2023-2029

Global Off-Highway Tires Market Growth 2023-2029

The global Off-Highway Tires market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Growing demand: The off-highway tires market has been witnessing growth due to various factors. Increasing infrastructure development, particularly in emerging economies, has led to a higher demand for construction and mining equipment, which, in turn, drives the demand for off-highway tires.



Technological advancements: Like the broader automotive industry, the off-highway tires market has been experiencing advancements in tire technology. Manufacturers are focusing on developing tires with better durability, improved traction, and enhanced fuel efficiency. These advancements aim to enhance overall performance and reduce operating costs for end-users.



Sustainability and environmental concerns: There is an increasing emphasis on sustainability and environmental considerations in the off-highway tires market. Manufacturers are developing eco-friendly tire solutions by incorporating renewable and recycled materials, improving tire longevity, and reducing rolling resistance to enhance fuel efficiency. This trend aligns with the global focus on reducing carbon emissions and minimizing environmental impact.

Off-highway tires, also known as off-road tires or OTR tires, are specifically designed for vehicles that operate outside of paved surfaces, such as construction and mining equipment, agricultural machinery, and off-road vehicles. These tires are built to withstand rough and challenging terrains, including dirt, gravel, sand, mud, and rocks.

LPI (LP Information)' newest research report, the “Off-Highway Tires Industry Forecast” looks at past sales and reviews total world Off-Highway Tires sales in 2022, providing a comprehensive analysis by region and market sector of projected Off-Highway Tires sales for 2023 through 2029. With Off-Highway Tires sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Off-Highway Tires industry.

This Insight Report provides a comprehensive analysis of the global Off-Highway Tires landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Off-Highway Tires portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Off-Highway Tires market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Off-Highway Tires and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Off-Highway Tires.

This report presents a comprehensive overview, market shares, and growth opportunities of Off-Highway Tires market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
All-Terrain Tires
Mud-Terrain Tires
Rock-Crawling Tires
Sand Tires
Others

Segmentation by application
Automotive
Motorcycles
Construction Machinery
Agricultural Machinery
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Goodyear
Cooper
Bridgestone
BFGoodrich Tires
Continental
General Tire
Toyo Tires
Kumho Tire
Falken Tire
Mickey Thompson
Michelin
Sumitomo tires
Hankook
Pirelli
Yokohama
Apollo Tyres

Key Questions Addressed in this Report

What is the 10-year outlook for the global Off-Highway Tires market?

What factors are driving Off-Highway Tires market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Off-Highway Tires market opportunities vary by end market size?

How does Off-Highway Tires break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.