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According to our (Global Info Research) latest study, the global OTR Tires market size was valued at USD 8813.6 million in 2023 and is forecast to a readjusted size of USD 11270 million by 2030 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 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.
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 Tires 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 Tires.
Regionally, the report analyzes the OTR Tires 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 Tires market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the OTR Tires 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 Tires 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 Tires market.
Regional Analysis: The report involves examining the OTR Tires 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 Tires 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 Tires:
Company Analysis: Report covers individual OTR Tires 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 Tires 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 Tires. It assesses the current state, advancements, and potential future developments in OTR Tires areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the OTR Tires 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 Tires market is split by Type and by Application. For the period 2019-2030, 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 Tires product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of OTR Tires, with price, sales, revenue and global market share of OTR Tires from 2019 to 2024.
Chapter 3, the OTR Tires competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the OTR Tires breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
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 2023.and OTR Tires market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of OTR Tires.
Chapter 14 and 15, to describe OTR Tires sales channel, distributors, customers, research findings and conclusion.