OTR Tires Market based on Types, Vehicle Types, End-Use and Geography

Increasing preference for utilizing advanced and modern equipment in agricultural activities has significantly favored tractors' adoption, which boosts the OTR tires market demand. With the rising population globally, food production has increased, which is a factor fueling the demand for tractors and agriculture equipment vehicles, therefore driving the market growth of OTR tires. The OTR Tires Market is expected to grow at the rate of 3.4% CAGR by 2026. The OTR tires or off-the-road tires are made up of resistant compounds to provide proper grip on rough surfaces, including mud, stones, or sand. The tires have in-depth and strong treads which can be deployed to any vehicle. These tires are mainly designed to be used in extreme situations and provide safety, high performance, and quality. In the mining and construction areas, the surface is uneven and rough since the OTR tires are considered compatible with the vehicles. However, the vast expenditure incurred in research and development is likely to hamper the OTR tires market.

OTR Tires Market based on Types

Radial Tires
Bias Tires

OTR Tires Market based on Vehicle Types

Loaders
Dump Truck
Graders
Cranes
Dumpers
Tractors
Forklifts
Others

OTR Tires Market based on End Use

Construction and Mining
Industrial
Agricultural
Others

OTR Tires Market based on Geography

North America
Europe
Asia Pacific
Rest of the World

As in the market for types, the market is furcated into radial tires and bias tires. The radial tires are mainly used and dominate the market due to their benefits, including higher service life than bias tires, improved handling, and improved ride. Moreover, the radial type of tires has a significant application in farming. It can increase crop production by minimizing compaction, which further boosts the radial tires segment's growth.

The market is segmented into loaders, dump trucks, graders, cranes, dumpers, tractors, forklifts, and others based on the vehicle types. Among all segments, the tractors segment is expected to hold the highest share in the market. There is an increasing demand for the tractor in the agriculture sector as these tires reduce soil damage and yield-robbing.

Based on the end-use segment, the market is bifurcated into construction and mining, industrial, agricultural, and others. The construction and mining segment is having a significant share in the OTR tires market growth. This is because of an increasing number of construction and advancements in construction and mining equipment such as automation and electrification, which have supported the fleet operation to use equipment in many shifts.

Based on the geographical analysis, the Asia Pacific region will have the highest share in the market. The significant share is due to the increased purchase of off-road vehicles in this region's few major countries. Moreover, in few countries such as China and India, agriculture is the backbone of the economies since agriculture machinery procurement is also a significant factor to support the growth of the market in this region.

The rapid increase in off-road vehicles such as tractors, agricultural machinery, and others worldwide is projected to fuel the global market growth rate. The rise in heavy vehicle usage in the agriculture and construction sectors also influences the market's growth. The deployment of tire monitoring systems among the commercial sectors also escalates the OTR tires market growth rate.

The key vendors operating in the OTR tires market are Bridgestone Corporation MICHELIN, Prometeon Tyre Group SRL, YOKOHAMA Rubber CO. Ltd., China Rubber Tire & Rubber Co. Ltd, The Goodyear Tire & Rubber Company, Apollo Tyres Ltd., Sumitomo Tires, Continental AG, BKT Tire, Qingdao Rhino Tyre Co., Ltd., and Triangle Group Co. Ltd.

As observed, majorly the OTR tires have a prominent role in the agricultural and construction & mining sectors since agriculture is the backbone of the few countries and owing to the increasing demand for construction and mining from the developing countries.

This report for the OTR tires market includes the complete quantitative analysis of the market, which helps the shareholders capitalize on the present market trends.
Again, the research will help understand the market vendors' capabilities and strategies such as innovations, mergers and acquisitions, and expansions.
This research of the OTR tires market also includes comprehensive insights regarding the technical innovations in the products.
Additionally, this research will elucidate the OTR tires market's geographical analysis to understand the market penetration across the world.

1. Executive Summary

2. Industry Outlook

2.1. Industry Overview
2.2. Industry Trends

3. Market Snapshot

3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets

4. Market characteristics

4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis

5. Types: Market Size & Analysis

5.1. Overview
5.2. Radial Tires
5.3. Bias Tires

6. Vehicle Types: Market Size & Analysis

6.1. Overview
6.2. Loaders
6.3. Dump Truck
6.4. Graders
6.5. Cranes
6.6. Dumpers
6.7. Tractors
6.8. Forklifts
6.9. Others

7. End-Use: Market Size & Analysis

7.1. Overview
7.2. Construction and Mining
7.3. Industrial
7.4. Agricultural
7.5. Others

8. Geography: Market Size & Analysis

8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World

9. Competitive Landscape

9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution

10. Vendor Profiles

10.1. Bridgestone Corporation MICHELIN
10.1.1. Overview
10.1.2. Financial Overview
10.1.3. Product Offerings
10.1.4. Developments
10.1.5. Business Strategy
10.2. Prometeon Tyre Group S.R.L.
10.2.1. Overview
10.2.2. Financial Overview
10.2.3. Product Offerings
10.2.4. Developments
10.2.5. Business Strategy
10.3. YOKOHAMA Rubber CO. Ltd.
10.3.1. Overview
10.3.2. Financial Overview
10.3.3. Product Offerings
10.3.4. Developments
10.3.5. Business Strategy
10.4. China Rubber Tire & Rubber Co. Ltd
10.4.1. Overview
10.4.2. Financial Overview
10.4.3. Product Offerings
10.4.4. Developments
10.4.5. Business Strategy
10.5. The Goodyear Tire & Rubber Company
10.5.1. Overview
10.5.2. Financial Overview
10.5.3. Product Offerings
10.5.4. Developments
10.5.5. Business Strategy
10.6. Apollo Tyres Ltd.
10.6.1. Overview
10.6.2. Financial Overview
10.6.3. Product Offerings
10.6.4. Developments
10.6.5. Business Strategy
10.7. Sumitomo Tires
10.7.1. Overview
10.7.2. Financial Overview
10.7.3. Product Offerings
10.7.4. Developments
10.7.5. Business Strategy
10.8. Continental AG
10.8.1. Overview
10.8.2. Financial Overview
10.8.3. Product Offerings
10.8.4. Developments
10.8.5. Business Strategy
10.9. BKT Tire
10.9.1. Overview
10.9.2. Financial Overview
10.9.3. Product Offerings
10.9.4. Developments
10.9.5. Business Strategy
10.10. Qingdao Rhino Tyre Co., Ltd.
10.10.1. Overview
10.10.2. Financial Overview
10.10.3. Product Offerings
10.10.4. Developments
10.10.5. Business Strategy

11. Companies to Watch

11.1. Triangle Group Co. Ltd
11.1.1. Overview
11.1.2. Products & Services
11.1.3. Business Strategy

12. Analyst Opinion

13. Annexure

13.1. Report Scope
13.2. Market Definitions
13.3. Research Methodology
13.3.1. Data Collation and In-house Estimation
13.3.2. Market Triangulation
13.3.3. Forecasting
13.4. Report Assumptions
13.5. Declarations
13.6. Stakeholders
13.7. Abbreviations

List of Tables

Table 1. Global OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 2. Global OTR Tires Market Value for Radial Tires, by Geography, 2020-2026 (USD Billion)
Table 3. Global OTR Tires Market Value for Bias Tires, by Geography, 2020-2026 (USD Billion)
Table 4. Global OTR Tires Market Value, by Vehicle Types, by Geography, 2020-2026 (USD Billion)
Table 5. Global OTR Tires Market Value for Loaders, by Geography, 2020-2026 (USD Billion)
Table 6. Global OTR Tires Market Value for Dump Truck, by Geography, 2020-2026 (USD Billion)
Table 7. Global OTR Tires Market Value for Graders, by Geography, 2020-2026 (USD Billion)
Table 8. Global OTR Tires Market Value for Cranes, by Geography, 2020-2026 (USD Billion)
Table 9. Global OTR Tires Market Value for Dumpers, by Geography, 2020-2026 (USD Billion)
Table 10. Global OTR Tires Market Value for Tractors, by Geography, 2020-2026 (USD Billion)
Table 11. Global OTR Tires Market Value for Forklifts, by Geography, 2020-2026 (USD Billion)
Table 12. Global OTR Tires Market Value for Others, by Geography, 2020-2026 (USD Billion)
Table 13. Global OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 14. Global OTR Tires Market Value for Construction and Mining, by Geography, 2020-2026 (USD Billion)
Table 15. Global OTR Tires Market Value for Industrial, by Geography, 2020-2026 (USD Billion)
Table 16. Global OTR Tires Market Value for Agricultural, by Geography, 2020-2026 (USD Billion)
Table 17. Global OTR Tires Market Value for Others, by Geography, 2020-2026 (USD Billion)
Table 18. North America OTR Tires Market Value, by Country, 2020-2026 (USD Billion)
Table 19. North America OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 20. North America OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 21. North America OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 22. The U.S. OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 23. The U.S. OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 24. U.S OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 25. Canada OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 26. Canada OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 27. Canada OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 28. Europe OTR Tires Market Value, by Country, 2020-2026 (USD Billion)
Table 29. Europe OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 30. Europe OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 31. Europe OTR Tires Market Value, End-Use, 2020-2026 (USD Billion)
Table 32. Germany OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 33. Germany OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 34. Germany OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 35. The U.K. OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 36. The U.K. OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 37. The U.K. OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 38. France OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 39. France OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 40. France OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 41. Italy OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 42. Italy OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 43. Italy OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 44. Spain OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 45. Spain OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 46. Spain OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 47. RoE OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 48. RoE OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 49. RoE OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 50. Asia Pacific OTR Tires Market Value, by Country, 2020-2026 (USD Billion)
Table 51. Asia Pacific OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 52. Asia Pacific OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 53. Asia Pacific OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 54. China OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 55. China OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 56. China OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 57. India OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 58. India OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 59. India OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 60. Japan OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 61. Japan OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 62. Japan OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 63. Rest of APAC OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 64. Rest of APAC OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 65. Rest of APAC OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 66. Rest of World OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Table 67. Rest of World OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Table 68. Rest of World OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Table 69. Bridgestone Corporation Michelin: Financials
Table 70. Bridgestone Corporation Michelin: Product and Services
Table 71. Bridgestone Corporation Michelin: Recent Developments
Table 72. Prometeon Tyre Group S.R.L: Financials
Table 73. Prometeon Tyre Group S.R.L: Product and Services
Table 74. Prometeon Tyre Group S.R.L: Recent Developments
Table 75. Yokohama Rubber Co. Ltd: Financials
Table 76. Yokohama Rubber Co. Ltd: Product and Services
Table 77. Yokohama Rubber Co. Ltd: Recent Developments
Table 78. China Rubber Tire & Rubber Co. Ltd: Financials
Table 79. China Rubber Tire & Rubber Co. Ltd: Product and Services
Table 80. China Rubber Tire & Rubber Co. Ltd: Recent Developments
Table 81. The Goodyear Tire & Rubber Company: Financials
Table 82. The Goodyear Tire & Rubber Company: Product and Services
Table 83. The Goodyear Tire & Rubber Company: Recent Developments
Table 84. Apollo Tyres Ltd: Financials
Table 85. Apollo Tyres Ltd: Product and Services
Table 86. Apollo Tyres Ltd: Recent Developments
Table 87. Sumitomo Tires: Financials
Table 88. Sumitomo Tires: Product and Services
Table 89. Sumitomo Tires: Recent Developments
Table 90. Continental Ag: Financials
Table 91. Continental Ag: Product and Services
Table 92. Continental Ag: Recent Developments
Table 93. BKT Tire: Financials
Table 94. BKT Tire: Product and Services
Table 95. BKT Tire: Recent Developments
Table 96. Qingdao Rhino Tyre Co., Ltd: Financials
Table 97. Qingdao Rhino Tyre Co., Ltd: Product and Services
Table 98. Qingdao Rhino Tyre Co., Ltd: Recent Developments
Table 99. Triangle Group Co. Ltd: Product and Services

List of Charts

Chart 1. Global OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 2. Global OTR Tires Market Value for Radial Tires, by Geography, 2020-2026 (USD Billion)
Chart 3. Global OTR Tires Market Value for Bias Tires, by Geography, 2020-2026 (USD Billion)
Chart 4. Global OTR Tires Market Value, by Vehicle Types, by Geography, 2020-2026 (USD Billion)
Chart 5. Global OTR Tires Market Value for Loaders, by Geography, 2020-2026 (USD Billion)
Chart 6. Global OTR Tires Market Value for Dump Truck, by Geography, 2020-2026 (USD Billion)
Chart 7. Global OTR Tires Market Value for Graders, by Geography, 2020-2026 (USD Billion)
Chart 8. Global OTR Tires Market Value for Cranes, by Geography, 2020-2026 (USD Billion)
Chart 9. Global OTR Tires Market Value for Dumpers, by Geography, 2020-2026 (USD Billion)
Chart 10. Global OTR Tires Market Value for Tractors, by Geography, 2020-2026 (USD Billion)
Chart 11. Global OTR Tires Market Value for Forklifts, by Geography, 2020-2026 (USD Billion)
Chart 12. Global OTR Tires Market Value for Others, by Geography, 2020-2026 (USD Billion)
Chart 13. Global OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 14. Global OTR Tires Market Value for Construction and Mining, by Geography, 2020-2026 (USD Billion)
Chart 15. Global OTR Tires Market Value for Industrial, by Geography, 2020-2026 (USD Billion)
Chart 16. Global OTR Tires Market Value for Agricultural, by Geography, 2020-2026 (USD Billion)
Chart 17. Global OTR Tires Market Value for Others, by Geography, 2020-2026 (USD Billion)
Chart 18. North America OTR Tires Market Value, by Country, 2020-2026 (USD Billion)
Chart 19. North America OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 20. North America OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 21. North America OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 22. U.S OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 23. U.S OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 24. U.S OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 25. Canada OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 26. Canada OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 27. Canada OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 28. Europe OTR Tires Market Value, by Country, 2020-2026 (USD Billion)
Chart 29. Europe OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 30. Europe OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 31. Europe OTR Tires Market Value, End-Use, 2020-2026 (USD Billion)
Chart 32. Germany OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 33. Germany OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 34. Germany OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 35. U.K OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 36. U.K OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 37. U.K OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 38. France OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 39. France OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 40. France OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 41. Italy OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 42. Italy OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 43. Italy OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 44. Spain OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 45. Spain OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 46. Spain OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 47. RoE OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 48. RoE OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 49. RoE OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 50. Asia Pacific OTR Tires Market Value, by Country, 2020-2026 (USD Billion)
Chart 51. Asia Pacific OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 52. Asia Pacific OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 53. Asia Pacific OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 54. China OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 55. China OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 56. China OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 57. India OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 58. India OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 59. India OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 60. Japan OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 61. Japan OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 62. Japan OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 63. Rest of APAC OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 64. Rest of APAC OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 65. Rest of APAC OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)
Chart 66. Rest of World OTR Tires Market Value, by Types, 2020-2026 (USD Billion)
Chart 67. Rest of World OTR Tires Market Value, by Vehicle Types, 2020-2026 (USD Billion)
Chart 68. Rest of World OTR Tires Market Value, by End-Use, 2020-2026 (USD Billion)