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Global Off the Road (OTR) Tire Market Research Report: Forecast (2021-2026)

  • ID: 5439619
  • Report
  • April 2021
  • Region: Global
  • 209 Pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • Continental
  • Cooper Tires
  • Hankook Tyre Co. Ltd.
  • Michelin

Market Overview


Off-Road tires are large tires capable of driving on and off paved surfaces and are equipped with flexible suspension, deep and open treads to support the vehicle movement in high terrains.

According to the publisher's research report, Global Off the Road (OTR) Tire Market Analysis, 2021, the market is likely to grow at a CAGR of around 4.8% during 2021-26. The proliferation of mining activities and the rising number of OTR vehicle fleets can gradually fuel the OTR Tire market during 2021-26. Due to the increased machine hours, the demand for OTR tires in agricultural tractors, construction, and mining equipment is likely to drive the market. Moreover, the rising trend of automation in industrial processes further boosts the OTR tires market growth across the world.

Impact of COVID-19


COVID-19 has massively impacted the Global Off the Road (OTR) tire market. The pandemic had brought construction activities to a standstill in the first half of 2020. Lockdowns, reverse labor migration in APAC and the Middle East, and improper logistics support to construction equipment in North America, Europe, etc., massively impacted the entire construction industry. Further, the downward spiral of crude oil prices and supply glut during the same period choked the construction activities in several economies in the Middle East and Africa, eventually negatively impacting the new orders for OTR tires.

Market Segmentation


Agricultural Equipment Accounted for the Largest Market Share


Based on the Type, Agricultural Equipment acquired the largest share in the Global Off the Road (OTR) tire market due to the increasing preference toward using modern equipment to perform agricultural activities. Apart from this, rising population and escalating demand for higher yield are, in turn, propelling the market growth, reveals the author in their research report, Global Off the Road (OTR) Tire Market Analysis, 2021.

Aftermarket Segment Dominates the Market


Based on Demand Type, the Aftermarket segment acquired the largest share in the Global Off the Road (OTR) market in the previous few years owing to the relatively lower life span of OEM tires, thereby increasing the demand for aftermarket tires. Further, increasing investments by giant companies to enhance their production facilities & services also propel the market growth.

Regional Landscape


Asia-Pacific Accounted for the Highest Market Share


Based on Region, Asia-Pacific accounted for the highest market share in the Global Off the Road (OTR) market in the previous few years owing to the rapidly growing automotive industry in countries like India and China. Additionally, the rising construction activities and burgeoning mechanization rate in agriculture in these regions lead to an increase in the demand for Off-the-Road vehicles, thereby fueling the market growth.

Market Driver


Burgeoning Agricultural Mechanization Drives the Market Growth


Off-the-Road tire machines perform day-to-day agricultural operations, crop plotting & scouting, irrigation purposes, etc. Moreover, the trending use of these machines to carry out agriculture tasks rather than manually performing them leads to the reduced time taken & labor costs and increased task efficiency, thereby increasing the demand for OTR tire machines.

Competitive Landscape


According to the publishers, the major leading players in the Global Off the Road (OTR) tire market are Yokohama Rubber Co., Goodyear Tire and Rubber Company, Apollo Tyres Ltd., Bridgestone Corporation, Promotion Tyres Group S.R.L, China National Tyre and Rubber, Michelin, Hankook Tyre Co. Ltd., Cooper Tires, Toyo, Continental, Balkrishna Industries Limited, Triangle, etc.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Off the Road (OTR) Tire Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Off the Road (OTR) Tire Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in the Global Off the Road (OTR) Tire Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Off the Road (OTR) Tire Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • Continental
  • Cooper Tires
  • Hankook Tyre Co. Ltd.
  • Michelin
1. Introduction
1.1. Research Process
1.2. Assumptions
1.3. Glossary
1.4. Market Segmentation

2. Executive Summary

3. Expert Verbatim- What the experts say?
3.1. Brand Awareness
3.2. End-User Expectation
3.3. Key Factors Impacting Vendor Selection
3.4. Key Issues Encountered
3.5. Vendor’s Receptiveness to Address Key Customer Issues
3.6. Future Requirements

4. Global Off the Road Vehicle Tire Market Analysis, 2016-2026F
4.1. Market Potential & Analysis
4.2. Market Segmentation & Analysis
4.3. By Type of Equipment
4.4. By Type of Tire
4.5. By Demand Type
4.6. By Price Category
4.7. By Rim Size
4.8. By Region
4.9. By Company

5. North America Off the Road Vehicle Tire Market Analysis, 2016-2026F
5.1. Market Potential & Analysis
5.2. Market Segmentation & Analysis
5.3. The United States Off the Road Vehicle Tire Market Analysis, 2016-2026F
5.4. Canada Off the Road Vehicle Tire Market Analysis, 2016-2026F
5.5. Mexico Off the Road Vehicle Tire Market Analysis, 2016-2026F

6. South America Off the Road Vehicle Tire Market Analysis, 2016-2026F
6.1. Market Potential & Analysis
6.2. Market Segmentation & Analysis
6.3. Brazil Off the Road Vehicle Tire Market Analysis, 2016-2026F
6.4. Argentina Off the Road Vehicle Tire Market Analysis, 2016-2026F
6.5. Chile Off the Road Vehicle Tire Market Analysis, 2016-2026F
6.6. Colombia Off the Road Vehicle Tire Market Analysis, 2016-2026F
6.7. Cuba Off the Road Vehicle Tire Market Analysis, 2016-2026F

7. Europe Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.1. Market Potential & Analysis
7.2. Market Segmentation & Analysis
7.3. Turkey Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.4. The United Kingdom Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.5. Germany Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.6. Italy Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.7. France Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.8. Poland Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.9. Ukraine Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.10. Hungary Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.11. Spain Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.12. Sweden Off the Road Vehicle Tire Market Analysis, 2016-2026F
7.13. Russia Off the Road Vehicle Tire Market Analysis, 2016-2026F

8. Middle East Off the Road Vehicle Tire Market Analysis, 2016-2026F
8.1. Market Potential & Analysis
8.2. Market Segmentation & Analysis
8.3. Saudi Arabia Off the Road Vehicle Tire Market Analysis, 2016-2026F
8.4. UAE Off the Road Vehicle Tire Market Analysis, 2016-2026F
8.5. Iran Off the Road Vehicle Tire Market Analysis, 2016-2026F

9. Africa Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.1. Market Potential & Analysis
9.2. Market Segmentation & Analysis
9.3. South Africa Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.4. Algeria Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.5. Morocco Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.6. Nigeria Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.7. Ethiopia Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.8. Sudan Off the Road Vehicle Tire Market Analysis, 2016-2026F
9.9. Somalia Off the Road Vehicle Tire Market Analysis, 2016-2026F

10. Asia-Pacific Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.1. Market Potential & Analysis
10.2. Market Segmentation & Analysis
10.3. China Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.4. India Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.5. Japan Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.6. South Korea Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.7. Australia Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.8. Malaysia Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.9. The Philippines Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.10. Thailand Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.11. Singapore Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.12. New-Zealand Off the Road Vehicle Tire Market Analysis, 2016-2026F
10.13. Indonesia Off the Road Vehicle Tire Market Analysis, 2016-2026F

11. Global Off the Road Vehicle Tire Market Trends & Insights

12. Global Off the Road Vehicle Tire Market Dynamics
12.1. Growth Drivers
12.2. Challenges
12.3. Impact Analysis

13. Global Off the Road Vehicle Tire Market Hotspot & Opportunities

14. Global Off the Road Vehicle Tire Market Key Strategic Imperatives for Success & Growth

15. Competition Outlook
15.1. Competition Matrix
15.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

16. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Yokohama Rubber Co.
  • Goodyear Tire and Rubber Company
  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • Promotion Tyres Group S.R.L
  • China National Tyre and Rubber
  • Michelin
  • Hankook Tyre Co. Ltd.
  • Cooper Tires
  • Toyo
  • Continental
  • Balkrishna Industries Limited
  • Triangle
Note: Product cover images may vary from those shown
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