OTR Tires Market by Application & Equipment (Construction & Mining, Industrial, Agriculture Tractors), Type (Wheeled, Track), Rim Size, Process (Mold & Pre-Cure), Retreading Market by Process & Application and Region - Global Forecast to 2026
[350 Pages Report] The Global OTR Tires Market is projected to grow from USD 8.7 billion in 2021 to USD 11.0 billion by 2026, at a CAGR of 5.0% during the forecast period. Increase in infrastructural development activities and growth in mining sector has created higher demand for the construction and mining equipments which is driving the demand for OTR tires from the OEMs. Also higher demand for farm mechanization and various schemes offered by the governments has boosted the demand for agriculture tractors, which has a positive impact on demand of OTR tires.
The scope of the study considers OTR tires used in various equipments used for various applications such as construction, mining, agriculture mechanization, and industrial applications. The demand for radial OTR tires is also observed to have increased in the recent past over the bias tires, which is expected to further pick momentum due to its number of advantages. Asia-Pacific remains the key market for OTR tires, though the demand is also increasing in Europe and North America.
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COVID-19 IMPACT ON MARKET
The COVID-19 outbreak has severely impacted the global off-highway vehicle industry and supply chain. The sale of construction and mining equipment declined in the first quarter of 2020. However, sales recovered in the second half of 2020. The construction industry showcased a minimal Y-o-Y growth of ~1% from 2019 to 2020, whereas growth in the sale of mining equipment was negligible during the same period. The European and North American regions witnessed the largest decline in the sale of construction and mining equipment in 2020, while Asia Pacific witnessed a double-digit growth rate. Alternatively, farm tractors, which was the largest market in terms of volume sales, showcased a decline of ~2% in 2020, as compared with sales in 2019.
The demand for construction and mining equipment is projected to grow at a CAGR of 3.5-4% during the forecast period, while the sale of agriculture tractors is expected to grow at a CAGR of 3.0-3.5% over the same period. The demand for OTR tires is also expected to showcase recovery in the next four to five years. In the post-COVID-19 scenario, the construction, mining, and industrial activities have resumed. Increased uptime of equipment is expected to increase, and this will drive the retreading market for OTR tires in the coming years.
There has been a significant increase in the demand for off-highway equipment with increased mechanization to overcome in the last few years. However, in 2020, trade across countries was affected severely due to the spread of COVID-19, which led to disruptions in the supply chain. The demand for off-highway vehicles increased in 2021 and is further expected to increase due to higher investments by countries in the infrastructure development, increase in demand of metals leading to growth in the mining industry, as well as farm mechanization and industrial automation. The growing demand for off-highway vehicles will drive the demand for OTR tires for these equipment in the next few years.
Market Dynamics
DRIVER: Increased infrastructural developments and growth in construction and mining activities
Substantial growth in infrastructural development is witnessed in most emerging countries worldwide due to the impact of globalization. Infrastructure includes a growing transportation network, heavy investments on roads, bridges, and tunnels for easy commute, an improved supply chain network for better trade, growing manufacturing industries, and construction of buildings. The demand for advanced machines is growing and is expected to drive the demand for construction and mining equipment with increased labor costs, the need for higher productivity, and making optimum utilization of resources. As per the Global Infrastructure Outlook, investments in infrastructural development are estimated to be worth USD 2.8 trillion in 2021, whereas the estimated investment need is USD 3.2 trillion during the year. Private and government investments in infrastructure will likely rise, leading to an increase in the demand for construction and mining equipment.
Increasing urbanization in the emerging markets of Asia, such as China and India, will likely raise the need to develop vital infrastructure to support the increasing transportation, power, and water needs. Government initiatives like the development of Smart Cities in India as well as the emergence of megacities in Japan and South Korea is likely to boost the infrastructural development in the region. The growth of the construction and mining equipment market in Asia Pacific is also driven by the development of the Asian Infrastructure Investment Bank (AIIB), which provides funding to construction and mining companies for capital goods investments and other inventories at marginalized lending rates. The decreased economic activities in China are countered by the reduction in bank rates and the quantitative easing policy intended to boost economic growth and construction activities in the country. This has had a positive influence on the construction and mining equipment market in the country.
The increase in global construction and mining activities, as well as the increase in global infrastructure spending, has propelled the demand for construction and mining equipment. As the OTR tires market is directly influenced by the increase in demand for these vehicles, the market is expected to grow with increased infrastructural development.
RESTRAINT: High R&D Costs
OTR tires are used in various commercial off-the-road vehicles for construction, mining, agriculture, and industrial applications. These tires are engineered and customized to work at extreme conditions such as high load-bearing, rough surface, different weather conditions, and traction. Compositions of materials, tread patterns, and several other parameters of the OTR tire change as per vehicle types and requirements.
Designing, manufacturing, and testing OTR tires include R&D activities wherein tires are developed considering all the requirements and standards. Manufacturing of OTR tires involve large special press machines wherein process like vulcanization and curing takes place. The cost of raw materials involved in manufacturing OTR tires as well as the cost of press machines involved in the process are high. Thus, all market players cannot afford to invest heavy amounts in research and development activities.
Construction and mining equipment are equipped with heavy load bearing with a solid design and treads for optimal tractions, whereas agriculture equipment’s tire requirement varies for tractors. Usage patterns and conditions define the need for tire retreading or replacement in the case of OTR tires. The size of tires varies depending on the application and terrain, for which a wide range of tire sizes need to be designed and tested. Customizations, wide product range, upgrading technology, and variations in demand increase R&D costs. As research costs are higher, manufacturers focus mainly on the existing product range, which restraints the growth of the newer segments of the OTR tires market.
OPPORTUNITY: Developing alternative cost-effective and recyclable raw materials
The rising demand for tires due to increased sales and use of off-highway vehicles has driven the growth of the OTR tires market in recent times. It has also generated the need to develop eco-friendly tires, which can be easily recycled. The European and North American countries are following stringent emission regulations such as Euro VI and CAFE, which make tire manufacturers focus on the development of eco-friendly tires or green tires. Green tires have low rolling resistance and provide better grip, safety, mileage, durability, resistance to abrasion, and prevention of noise emissions.
The tire industry is working to establish sustainability strategies based on environmental, social, and governance (ESG) management after the adoption of the Paris agreement in 2016. Hankook Tire is developing and securing sustainable strategies to make 55% of materials sustainable by 2025 and 100% of materials sustainable by 2045 to reduce its carbon footprint and strive for a future with more sustainable mobility options, which will further generate scope for similar developments for OTR tires in the near future.
Few tire manufacturers have started using alternative raw materials that are extracted from bio-extraction and waste plastic. Carbon black can be replaced in part by new fillers based on lignin and cellulose extracted from wood or recycled carbon made from the thermal decomposition of discarded tires. Moreover, textiles are expected to be efficiently utilized as technologies are being developed to replace existing petroleum-based synthetic materials with bio-based materials or recycled waste PET plastic.
China has ‘Green Tire Technology Specification’ for the promotion of green tires, which include tires with a coefficient of rolling resistance that could save 5-7% of fuel consumption. In Europe, the European Union tire label system rates tires from A to G based on fuel efficiency and wet grip. Green tires would ultimately benefit all the stakeholders such as OEMs, retailers, aftermarket suppliers, fleet owners, the government, and society.
CHALLENGE: Fluctuation in raw material prices
The raw material of any automotive component plays an important role in setting the price of the component. Thus, variation in the prices of raw materials impacts the prices of finished products. The price of raw materials varies across countries based on regulations and season. Raw materials used for manufacturing OTR tires include rubber (78%), steel (15%), and fibers (7%) in proportion. As natural and synthetic rubber are the most important raw materials, their demand, and consumption, and price fluctuations have a significant impact on tire prices. An OTR tire is made up of around 40% of natural rubber. According to the Association of Natural Rubber Producing Countries (ANRPC), 13.78 million metric tons of natural rubber was produced in 2020, amongst which 70% was purchased by tire manufacturers.
Steel cords are another important raw materials used in OTR tires. The cord is the fine steel wire strand or rope used for special purposes, which are made of superior high-carbon steel and surface plated with brass. The following graph analyses the variations in prices of natural rubber and oil from 2011 to 2020.
A constant decline was observed in rubber prices from 2011 to 2015, but price fluctuations are comparatively lower from 2016. Oil prices have greater fluctuations ranging from USD 108.8/barrel in 2011 to USD 15.18/barrel in 2020. As price variations of natural rubber and oil directly affect the manufacturing cost of OTR tires, manufacturers face challenges in deciding prices for OTR tires.
The OTR tires for the agriculture tractors segment is projected to lead the OTR tire market
Owing to higher demand for farm mechanization the agriculture tractors segment is expected to showcase the leading position in demand of OTR tires. According to MarketsandMarkets analysis, the OTR tires for agriculture tractors segment is estimated to hold the largest market share of about 37.9% in 2021.
Asia-Pacific is estimated to be the largest market in 2021
China, Japan, India, and Indonesia are included under Asia Pacific for market analysis. Infrastructural activities are projected to grow as they form a critical part of improving connectivity and promoting sustainable growth. Population growth and migration to major cities in the past decade further increased the demand for residential buildings. According to the Asian Development Bank, countries in Asia Pacific will have to invest USD 1.7 trillion per year up to 2030 for infrastructural development, which will cater to the requirements of infrastructural development. These factors are expected to drive the demand for construction equipment and will positively impact the demand for OTR tires.
The mining industry in this region is driven by emerging economies such as China and India. The mining industry in India and China has grown extensively in the last few years. As per the Indian brand Equity Foundation, India is the second-largest producer of coal as of 2021 as well as ranked second in the production of crude steel in 2020. These countries are highly populated, and hence, have a strong domestic demand for metals and minerals. Thus, investments in mining activities in these countries have increased significantly. In the agriculture sector, unlike the west, mechanized farming is not practiced in this region extensively due to small field sizes and dependence on seasonal rains for watering fields. Thus, the OTR tires market for agriculture in this region is underpenetrated compared to the west. The rising per capita income and increasing use of irrigation for agriculture will boost the market for agriculture equipment and thereby OTR tires in this region. The OTR tire market in Asia Pacific, by value, is projected to grow at a CAGR of 4.6% during the forecast period.
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Key Market Players
The key players in the OTR tires market include the Continental AG (Germany), Bridgestone Corporation (Japan), Michelin (France), Goodyear Tire & Rubber Company (US), and Pirelli & C. S.p.A. (Italy).
These companies adopted new product launches, partnerships, and joint venture to gain traction in this market.
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|
Report Metric |
Details |
|
Market size available for years |
2018–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Forecast units |
Volume (Units) and Value (USD Thousand) |
|
Segments covered |
By Equipment Type, Agriculture Tractors, Industrial Equipment, Product Type, Tire Type, Rim Size, Retreading by Process, Retreading by Application, Application, and region. |
|
Geographies covered |
Asia Pacific, North America, Europe, and the Rest of the World [RoW] |
|
Companies covered |
Continental AG (Germany), Bridgestone Corporation (Japan), Michelin (France), Goodyear Tire & Rubber Company (US), and Pirelli & C. S.p.A. (Italy) |
The study segments the OTR tires market :
By Equipment Type:
- Articulated Dump Trucks
- Asphalt Finishers
- Backhoe Loaders
- Crawler Dozer,
- Crawler Excavators
- Crawler Loaders
- Mini Excavators
- Motor Graders
- Rigid Dump Trucks
- RTLT-Telescopic
- Skid-Steer Loaders
- Wheeled Excavators
- Wheeled Loaders <80 HP
- Wheeled Loaders >80 HP
- Agriculture Tractors
- Others
By Agriculture Tractors
- <30 HP
- 31-70 HP
- 71-130 HP
- 131-250 HP
- >250 HP
By Industrial Equipment
- Forklifts
- Aisle Trucks
- Tow Tractors
- Container Handlers
By Product Type
- Wheeled Tires
- Rubber Tracks
Tire Type
- Radial
- Bias
- Solid
Rim Size
- Up to 30 inches
- 30-50 inches
- Above 50 inches
Retreading, By Process
- Pre-cure
- Mold cure
Retreading, By Application
- Construction and Mining Equipment
- Agriculture tractors
By Application
- Construction and Mining Equipment
- Agriculture tractors
- Industrial Equipment
By Region
- Asia Pacific
- Europe
- North America
- Rest of the World [RoW]
Recent Developments
- In October 2021, Yokohama announced the addition in its commercial tire lineup. The company released its new commercial tires named 124R and 505C. The 124R radial tire comes in sizes of 17.5-inch, 19.5-inch, and 22.5-inch. The 505C tire comes in 385/65R/22.5, 425/65R/22.5, and 445/65R/22.5. The 505C tire is characterized by wide blocks & ribs, step grooves, and a high strength belt. These features in the tire offer traction, powerful braking, and durability, which is required in off-highway applications.
- In May 2021, Michelin expanded its agricultural OTR tires range with its new product TRAILXBIB. The tire is designed with agriculture equipment capacity and innovative technology to preserve soil as well as ensure even weight distribution through the tire contact patch and high levels of soil protection.
- In March 2021, Goodyear launched EV-4M Port Handler. The new tire is designed with a high-strength bead bundle, sidewall inserts, enhanced wedge, and robust casing construction. These features offer improved treadwear, durability, comfort, stability, increased efficiency, and operational efficiency. The new EV-4M Port Handler is available in new 450/95R25 sizes and can be fitted in container handlers, reach stackers, straddle carriers, shuttle sprinter carriers, and other equipment.
- In February 2021, Michelin declared that it is developing the recycling plant in collaboration with Enviro, a Swedish manufacturer. The plant is in the Antofagasta region, Chile. The plant would recycle 30,000 tons of earthmover tires a year. The company produces reusable materials like carbon black, pyrolysis oil, gas, and steel. The reusable material is used in various rubber-based products, like tires, conveyor belts, and anti-vibration products.
- In August 2020, Bridgestone Corporation introduced a Bridgestone MasterCore Tire Line. The new MasterCore Tire Line is designed with ultra-high durability and resistance to heat, load pressure, wear, separation, and cut. These tires are manufactured with the MasterCore technology, which includes a new type of steel cord and other advanced materials, improved adhesion between the rubber and steel cord, new rubber compounds that offer better durability, and enhanced casing for more dependable performance.
FAQs:
What is the current size of the OTR tires market?
The OTR tires market is estimated to be USD 8.7 billion in 2021, with Asia-Pacific dominating the market.
Which segment is currently leading the OTR tires market?
OTR tires for agriculture tractors is leading the market.
Many companies are operating in the OTR tire market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
The key players in the OTR tires market include the Continental AG (Germany), Bridgestone Corporation (Japan), Michelin (France), Goodyear Tire & Rubber Company (US), and Pirelli & C. S.p.A. (Italy). These companies adopted new product launches, acquisitions, and joint venture strategies to gain traction in the OTR tires market.
How is the demand for OTR tires varies by region?
Asia-Pacific is estimated to be the largest market for OTR tires market during the forecast period, followed by North America. The growth of the OTR tires market in Asia-Pacific is mainly attributed to the higher demand for construction and mining equipment and agricultural tractors from China and India due to higher production and demand.
What are the growth opportunities for the OTR tires supplier?
The growing demand for construction and mining equipment and agricultural tractors will lead to increased demand for OTR tires from the OEMs and aftermarkets. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 OTR TIRES MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY CONSIDERED
1.5 SUMMARY OF CHANGES
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 32)
2.1 RESEARCH DATA
FIGURE 2 OTR TIRES MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources to estimate base numbers
2.1.1.2 List of key secondary sources to estimate Off The Road Tire Market
2.1.1.3 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
2.1.2.1 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 OTR TIRES MARKET SIZE: BOTTOM-UP APPROACH (APPLICATION AND REGION)
2.2.2 TOP-DOWN APPROACH
FIGURE 7 OTR TIRES MARKET SIZE: TOP-DOWN APPROACH (RIM SIZE)
FIGURE 8 OTR TIRES MARKET: RESEARCH DESIGN & METHODOLOGY
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE
2.3 DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
TABLE 1 RESEARCH ASSUMPTIONS, BY SEGMENT
TABLE 2 OTHER ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 46)
3.1 PRE- VS POST-COVID-19 SCENARIO
FIGURE 10 PRE- & POST-COVID-19 SCENARIO: OTR TIRES MARKET, 2019–2026 (USD THOUSAND)
TABLE 3 OTR TIRES MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 2019–2026 (USD THOUSAND)
3.2 REPORT SUMMARY
FIGURE 11 OTR TIRE MARKET OVERVIEW, 2021–2026
FIGURE 12 OTR TIRE MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021–2026 (USD THOUSAND)
4 PREMIUM INSIGHTS (Page No. - 50)
4.1 ATTRACTIVE OPPORTUNITIES IN OTR TIRE MARKET
FIGURE 13 INCREASING INFRASTRUCTURE DEVELOPMENT AND AGRICULTURAL MECHANIZATION TO DRIVE MARKET
4.2 OTR TIRES MARKET, BY EQUIPMENT TYPE
FIGURE 14 AGRICULTURE TRACTORS EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
4.3 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT
FIGURE 15 31-70 HP TRACTORS ARE PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
4.4 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE
FIGURE 16 OTR TIRES FOR TOW TRACTORS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.5 OTR TIRES MARKET, BY PRODUCT TYPE
FIGURE 17 WHEELED TIRES SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2026
4.6 OTR TIRES MARKET, BY TYPE
FIGURE 18 RADIAL TIRES EXPECTED TO LEAD MARKET DURING FORECAST PERIOD
4.7 OTR TIRES MARKET, BY RIM SIZE
FIGURE 19 OTR TIRES OF UP TO 30 INCHES PROJECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
4.8 OTR TIRES RETREADING MARKET, BY PROCESS
FIGURE 20 MOLD CURE RETREADING PROCESS PROJECTED TO GROW AT HIGHER RATE DURING FORECAST PERIOD
4.9 OTR TIRES RETREADING MARKET, BY APPLICATION
FIGURE 21 AGRICULTURAL TRACTORS PROJECTED TO GROW AT HIGHER RATE FROM 2021 TO 2026
4.10 OTR TIRES MARKET, BY APPLICATION
FIGURE 22 CONSTRUCTION AND MINING EQUIPMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
4.11 OTR TIRES MARKET, BY REGION
FIGURE 23 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2021
5 MARKET OVERVIEW (Page No. - 57)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 OFF THE ROAD TIRES MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increased infrastructural developments and growth in construction and mining activities
5.2.1.2 Increase in machine-oriented agricultural practices and government subsidies on agricultural equipment
5.2.1.2.1 Increase in machine-oriented agricultural practices
5.2.1.2.2 Government subsidies on agriculture equipment
TABLE 4 AGRICULTURAL EQUIPMENT SUBSIDIES BY MAJOR REGIONAL GOVERNMENTS
5.2.1.3 Growth in rental segment of off-highway vehicles
5.2.2 RESTRAINTS
5.2.2.1 High R&D costs
TABLE 5 INDUSTRY CHARACTERISTICS AND SPECIFICATION
5.2.2.2 Availability of Low-cost tires from unorganized market
5.2.3 OPPORTUNITIES
5.2.3.1 Developing alternative cost-effective and recyclable raw materials
TABLE 6 TIRE MANUFACTURERS FOCUS ON ECO-FRIENDLY MATERIALS
5.2.3.2 Commercializing use of integrated advanced sensor-based technologies
5.2.4 CHALLENGES
5.2.4.1 Fluctuation in raw material prices
FIGURE 25 NATURAL RUBBER VS. OIL: PRICE VARIATIONS (2011-2020)
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 PORTER’S FIVE FORCES
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 TRADE ANALYSIS
TABLE 8 IMPORT TRADE DATA, BY KEY COUNTRY, 2020 (USD THOUSAND)
TABLE 9 EXPORT TRADE DATA, BY KEY COUNTRY, 2020 (USD THOUSAND)
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS - OTR TIRES MARKET
5.6 CASE STUDIES
5.6.1 INTELLIGENT MANUFACTURING SYSTEM FOR OTR TIRES USING PROACTIVE CONTROL
5.6.2 NEW DEVELOPMENTS IN OTR TIRES: PERFORMANCE AND SUSTAINABILITY
5.6.3 REVERSE LOGISTICS NETWORK OPTIMIZATION MODEL FOR RESIDUAL OTR TIRES FROM MINING INDUSTRY: A COLOMBIAN CASE STUDY
5.7 PATENT ANALYSIS
5.8 SUPPLY CHAIN ANALYSIS
FIGURE 28 SUPPLY CHAIN ANALYSIS
5.9 ECOSYSTEM/MARKET MAP
TABLE 10 OTR TIRE MARKET: ECOSYSTEM
5.10 REGULATORY ANALYSIS: OTR TIRE STANDARDS
5.10.1 TRA CODES AND STAR RATINGS FOR STANDARDIZATION OF OTR TIRES
TABLE 11 OTR TIRES: TRA CODES
TABLE 12 OTR TIRES: STAR RATINGS
5.11 AVERAGE SELLING PRICE (ASP) ANALYSIS
5.11.1 ASP, BY REGION
TABLE 13 ASP, BY REGION, 2019-2020 (USD)
5.11.2 ASP, BY TYPE
TABLE 14 ASP, BY TYPE, 2019-2020 (USD)
5.11.3 ASP, BY APPLICATION
TABLE 15 ASP, BY APPLICATION, 2019-2020 (USD)
5.12 TECHNOLOGICAL TRENDS
5.12.1 INTELLIGENT TIRES
5.12.2 ADVANCEMENTS IN OTR TIRES FOR CONSTRUCTION EQUIPMENT
5.12.3 TECHNOLOGY AND CONNECTIVITY TRENDS AIDING MANAGEMENT OF OTR TIRES
5.12.4 RESEARCH ON TKS DANDELION AS ALTERNATIVE TO NATURAL RUBBER
5.13 OTR TIRES MARKET SCENARIO
FIGURE 29 OTR TIRE MARKET: COVID-19 SCENARIOS ANALYSIS
5.13.1 OTR TIRE MARKET, REALISTIC SCENARIO
TABLE 16 REALISTIC SCENARIO: OTR TIRE MARKET, BY REGION, 2019–2026 (USD THOUSAND)
5.13.2 OTR TIRE MARKET, LOW-IMPACT SCENARIO
TABLE 17 LOW-IMPACT SCENARIO OTR MARKET, BY REGION, 2019–2026 (USD THOUSAND)
5.13.3 OTR TIRE MARKET, HIGH-IMPACT SCENARIO
TABLE 18 HIGH-IMPACT SCENARIO: OTR TIRE MARKET, BY REGION, 2019–2026 (USD THOUSAND)
6 OTR TIRES MARKET, BY EQUIPMENT TYPE (Page No. - 82)
The market size and forecast of each equipment type is further segmented into regions – Asia Pacific, Europe, North America and ROW
6.1 INTRODUCTION
FIGURE 30 OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021 VS. 2026 (USD THOUSAND)
6.1.1 RESEARCH METHODOLOGY
6.1.2 ASSUMPTIONS
6.1.3 INDUSTRY INSIGHTS
TABLE 19 OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 20 OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 21 OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 22 OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
6.2 ARTICULATED DUMP TRUCKS
TABLE 23 OFF THE ROAD TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2018–2020 (UNITS)
TABLE 24 OFF THE ROAD TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2021–2026 (UNITS)
TABLE 25 OFF THE ROAD TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 26 OFF THE ROAD TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2021–2026 (USD THOUSAND)
6.3 ASPHALT FINISHERS
TABLE 27 OFF THE ROAD TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2018–2020 (UNITS)
TABLE 28 OFF THE ROAD TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2021–2026 (UNITS)
TABLE 29 OFF THE ROAD TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 30 OFF THE ROAD TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2021–2026 (USD THOUSAND)
6.4 BACKHOE LOADERS
TABLE 31 OFF THE ROAD TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2018–2020 (UNITS)
TABLE 32 OFF THE ROAD TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2021–2026 (UNITS)
TABLE 33 OFF THE ROAD TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 34 OFF THE ROAD TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2021–2026 (USD THOUSAND)
6.5 CRAWLER DOZERS
TABLE 35 OFF THE ROAD TIRES MARKET FOR CRAWLER DOZERS, BY REGION, 2018–2020 (UNITS)
TABLE 36 RUBBER TRACK MARKET FOR CRAWLER DOZERS, BY REGION, 2021–2026 (UNITS)
TABLE 37 OFF THE ROAD TIRES MARKET FOR CRAWLER DOZERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 38 OFF THE ROAD TIRES MARKET FOR CRAWLER DOZERS, BY REGION, 2021–2026 (USD THOUSAND)
6.6 CRAWLER EXCAVATORS
TABLE 39 OFF THE ROAD TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2018–2020 (UNITS)
TABLE 40 OFF THE ROAD TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2021–2026 (UNITS)
TABLE 41 OFF THE ROAD TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 42 OFF THE ROAD TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2021–2026 (USD THOUSAND)
6.7 CRAWLER LOADERS
TABLE 43 OFF THE ROAD TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2018–2020 (UNITS)
TABLE 44 OFF THE ROAD TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2021–2026 (UNITS)
TABLE 45 OFF THE ROAD TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 46 OFF THE ROAD TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2021–2026 (USD THOUSAND)
6.8 MINI EXCAVATORS
TABLE 47 OFF THE ROAD TIRES MARKET FOR MINI EXCAVATORS, BY REGION, 2018–2020 (UNITS)
TABLE 48 OFF THE ROAD TIRES MARKET FOR MINI EXCAVATORS, BY REGION, 2021–2026 (UNITS)
TABLE 49 OFF THE ROAD TIRES MARKET FOR MINI EXCAVATORS MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 50 OFF THE ROAD TIRES MARKET FOR MINI EXCAVATORS, BY REGION, 2021–2026 (USD THOUSAND)
6.9 MOTOR GRADERS
TABLE 51 OFF THE ROAD TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2018–2020 (UNITS)
TABLE 52 OFF THE ROAD TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2021–2026 (UNITS)
TABLE 53 OFF THE ROAD TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 54 OFF THE ROAD TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2021–2026 (USD THOUSAND)
6.10 RIGID DUMP TRUCKS
TABLE 55 OFF THE ROAD TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2018–2020 (UNITS)
TABLE 56 OFF THE ROAD TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2021–2026 (UNITS)
TABLE 57 OFF THE ROAD TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 58 OTR TIRE MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2021–2026 (USD THOUSAND)
6.11 RTLT-TELESCOPIC
TABLE 59 OFF THE ROAD TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2018–2020 (UNITS)
TABLE 60 OFF THE ROAD TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2021–2026 (UNITS)
TABLE 61 OFF THE ROAD TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 62 OFF THE ROAD TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2021–2026 (USD THOUSAND)
6.12 SKID-STEER LOADERS
TABLE 63 OFF THE ROAD TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2018–2020 (UNITS)
TABLE 64 OFF THE ROAD TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2021–2026 (UNITS)
TABLE 65 OFF THE ROAD TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 66 OFF THE ROAD TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2021–2026 (USD THOUSAND)
6.13 WHEELED EXCAVATORS
TABLE 67 OFF THE ROAD TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2018–2020 (UNITS)
TABLE 68 OFF THE ROAD TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2021–2026 (UNITS)
TABLE 69 OFF THE ROAD TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 70 OFF THE ROAD TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2021–2026 (USD THOUSAND)
6.14 WHEELED LOADERS <80 HP
TABLE 71 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2018–2020 (UNITS)
TABLE 72 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2021–2026 (UNITS)
TABLE 73 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 74 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2021–2026 (USD THOUSAND)
6.15 WHEELED LOADERS >80 HP
TABLE 75 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2018–2020 (UNITS)
TABLE 76 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2021–2026 (UNITS)
TABLE 77 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 78 OFF THE ROAD TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2021–2026 (USD THOUSAND)
6.16 AGRICULTURE TRACTORS
TABLE 79 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (UNITS)
TABLE 80 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (UNITS)
TABLE 81 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 82 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (USD THOUSAND)
6.17 OTHERS
TABLE 83 OFF THE ROAD TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2018–2020 (UNITS)
TABLE 84 OFF THE ROAD TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2021–2026 (UNITS)
TABLE 85 OFF THE ROAD TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 86 OFF THE ROAD TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2021–2026 (USD THOUSAND)
7 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT (Page No. - 113)
The market size and forecast of each tractor power output is further segmented into regions – Asia Pacific, Europe, North America and ROW
7.1 INTRODUCTION
FIGURE 31 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2021 VS. 2026 (USD THOUSAND)
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
TABLE 87 OTR TIRE MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2018–2020 (UNITS)
TABLE 88 OTR TIRE MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2021–2026 (UNITS)
TABLE 89 OTR TIRE MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2018–2020 (USD THOUSAND)
TABLE 90 OTR TIRE MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2021–2026 (USD THOUSAND)
7.2 <30 HP
7.2.1 TRACTORS WITH <30 HP ARE SUITABLE FOR SMALL FARMLANDS
TABLE 91 <30 HP TRACTORS: MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 92 <30 HP TRACTORS: MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 93 <30 HP TRACTORS: MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 94 <30 HP TRACTORS: MARKET, BY REGION, 2021–2026 (USD THOUSAND)
7.3 31–70 HP
7.3.1 HIGHER DEMAND FOR 31-70 HP FARM TRACTORS SEGMENT IN CHINA, INDIA AND US DRIVES THE DEMAND FOR OTR TIRES IN THE SEGMENT
TABLE 95 31–70 HP TRACTORS: MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 96 31–70 HP TRACTORS: MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 97 31–70 HP TRACTORS: MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 98 31–70 HP TRACTORS: MARKET, BY REGION, 2021–2026 (USD THOUSAND)
7.4 71–130 HP
7.4.1 71-130 HP TRACTORS ARE MOST SUITABLE FOR MID-SIZED FARMS AND CAN BE ATTACHED WITH VARIOUS IMPLEMENTS REQUIRED FOR AGRICULTURAL PRACTICES
TABLE 99 71–130 HP TRACTORS: MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 100 71–130 HP TRACTORS: MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 101 71–130 HP TRACTORS: MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 102 71–130 HP TRACTORS: MARKET, BY REGION, 2021–2026 (USD THOUSAND)
7.5 131-250 HP TRACTORS
7.5.1 131-250 HP FARM TRACTORS HAVE HIGHEST DEMAND IN EUROPEAN REGION AS THESE TRACTORS ARE SUITABLE FOR LARGE FARMLANDS
TABLE 103 131–250 HP TRACTORS: MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 104 131–250 HP TRACTORS: MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 105 131–250 HP TRACTORS: MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 106 131–250 HP TRACTORS: MARKET, BY REGION, 2021–2026 (USD THOUSAND)
7.6 >250 HP
7.6.1 >250 HP TRACTORS HAVE HIGHER DEMAND IN THE EUROPEAN COUNTRIES DUE TO BETTER TRACTION AND HIGHER LOAD CARRYING CAPACITY
TABLE 107 >250 HP TRACTORS: MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 108 >250 HP TRACTORS: MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 109 >250 HP TRACTORS: MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 110 >250 HP TRACTORS: MARKET, BY REGION, 2021–2026 (USD THOUSAND)
8 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE (Page No. - 125)
The market size and forecast of each industrial equipment is further segmented into regions – Asia Pacific, Europe, North America and ROW
8.1 INTRODUCTION
FIGURE 32 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021 VS. 2026 (USD THOUSAND)
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
TABLE 111 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2018–2020 (UNITS)
TABLE 112 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021–2026 (UNITS)
TABLE 113 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2018–2020 (USD THOUSAND)
TABLE 114 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021–2026 (USD THOUSAND)
8.2 FORKLIFTS
8.2.1 INCREASED USE OF FORKLIFTS IN WAREHOUSES, PORTS, AND MATERIAL HANDLING APPLICATIONS DRIVE DEMAND FOR OTR TIRES
TABLE 115 OFF THE ROAD TIRES MARKET FOR FORKLIFTS, BY REGION, 2018–2020 (UNITS)
TABLE 116 OFF THE ROAD TIRES MARKET FOR FORKLIFTS, BY REGION, 2021–2026 (UNITS)
TABLE 117 OFF THE ROAD TIRES MARKET FOR FORKLIFTS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 118 OFF THE ROAD TIRES MARKET FOR FORKLIFTS, BY REGION, 2021–2026 (USD THOUSAND)
8.3 AISLE TRUCKS
8.3.1 AISLE TRUCKS ARE ESTIMATED TO HAVE HIGHER DEMAND IN THE EUROPEAN REGION DUE TO INCREASING WAREHOUSES WOULD DRIVE THE DEMAND FOR OTR TIRES FOR THE SEGMENT
TABLE 119 OFF THE ROAD TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2018–2020 (UNITS)
TABLE 120 OFF THE ROAD TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2021–2026 (UNITS)
TABLE 121 OFF THE ROAD TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 122 OFF THE ROAD TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2021–2026 (USD THOUSAND)
8.4 TOW TRACTORS
8.4.1 INCREASED USE OF BATTERY-OPERATED OR EMISSION-FREE TOW TRACTORS WILL DRIVE DEMAND FOR OTR TIRES FOR THE SEGMENT
TABLE 123 OFF THE ROAD TIRES MARKET FOR TOW TRACTORS, BY REGION, 2018–2020 (UNITS)
TABLE 124 OFF THE ROAD TIRES MARKET FOR TOW TRACTORS, BY REGION, 2021–2026 (UNITS)
TABLE 125 OFF THE ROAD TIRES MARKET FOR TOW TRACTORS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 126 OFF THE ROAD TIRES MARKET FOR TOW TRACTORS, BY REGION, 2021–2026 (USD THOUSAND)
8.5 CONTAINER HANDLERS
8.5.1 INCREASED TRADE ACTIVITIES WILL DRIVE DEMAND FOR OTR TIRES FOR CONTAINER HANDLERS
TABLE 127 OFF THE ROAD TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2018–2020 (UNITS)
TABLE 128 OFF THE ROAD TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2021–2026 (UNITS)
TABLE 129 OFF THE ROAD TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 130 OFF THE ROAD TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2021–2026 (USD THOUSAND)
9 OTR TIRES MARKET, BY PRODUCT TYPE (Page No. - 136)
The market size and forecast of each product type is further segmented into regions – Asia Pacific, Europe, North America and ROW
9.1 INTRODUCTION
FIGURE 33 OTR TIRES MARKET, BY TYPE, 2021 VS. 2026 (USD THOUSAND)
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
TABLE 131 OFF THE ROAD TIRES MARKET, BY PRODUCT TYPE, 2018–2020 (UNITS)
TABLE 132 OFF THE ROAD TIRES MARKET, BY PRODUCT TYPE, 2021–2026 (UNITS)
TABLE 133 OFF THE ROAD TIRES MARKET, BY PRODUCT TYPE, 2018–2020 (USD THOUSAND)
TABLE 134 OFF THE ROAD TIRES MARKET, BY PRODUCT TYPE, 2021–2026 (USD THOUSAND)
9.2 WHEELED TIRES
9.2.1 MOST OFF-HIGHWAY EQUIPMENT ARE EQUIPPED WITH WHEELED TIRES AS THEY HAVE HIGH LOAD CARRYING CAPACITIES AND ARE SUITABLE FOR MULTIPLE APPLICATIONS
TABLE 135 WHEELED TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 136 WHEELED TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 137 WHEELED TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 138 WHEELED TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
9.3 RUBBER TRACKS
9.3.1 RUBBER TRACKS PROVIDE BETTER WEIGHT DISTRIBUTION AND ARE SUITABLE TO USE ON UNEVEN SURFACES FOR CONSTRUCTION AS WELL AS AGRICULTURAL APPLICATIONS
TABLE 139 RUBBER TRACKS MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 140 RUBBER TRACKS MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 141 RUBBER TRACKS MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 142 RUBBER TRACKS MARKET, BY REGION, 2021–2026 (USD THOUSAND)
10 OTR TIRES MARKET, BY TYPE (Page No. - 143)
The market size and forecast of each tire type is further segmented into regions – Asia Pacific, Europe, North America and ROW
10.1 INTRODUCTION
FIGURE 34 OTR TIRES MARKET, BY TYPE, 2021 VS 2026 (USD THOUSAND)
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS
TABLE 143 OFF THE ROAD TIRES MARKET, BY TYPE, 2018–2020 (UNITS)
TABLE 144 OFF THE ROAD TIRES MARKET, BY TYPE, 2021–2026 (UNITS)
TABLE 145 OFF THE ROAD TIRES MARKET, BY TYPE, 2018–2020 (USD THOUSAND)
TABLE 146 OFF THE ROAD TIRES MARKET, BY TYPE, 2021–2026 (USD THOUSAND)
10.2 RADIAL TIRES
10.2.1 RADIAL TIRES EXPECTED TO LEAD OTR TIRES MARKET OWING TO THEIR LONGER LIFE EXPECTANCY, IMPROVED COMFORT, AND BETTER HEAT MANAGEMENT
TABLE 147 RADIAL OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 148 RADIAL OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 149 RADIAL OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 150 RADIAL OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
10.3 BIAS TIRES
10.3.1 BIAS TIRES MARKET EXPECTED TO DECLINE IN COMING YEARS OWING TO LOWER FLEXIBILITY AND OVERHEATING ISSUES
TABLE 151 BIAS OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 152 BIAS OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 153 BIAS OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 154 BIAS OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
10.4 SOLID TIRES
10.4.1 INCREASED APPLICATION OF INDUSTRIAL EQUIPMENT DRIVE DEMAND FOR SOLID TIRES
TABLE 155 SOLID OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 156 SOLID OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 157 SOLID OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 158 SOLID OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
11 OTR TIRES MARKET, BY RIM SIZE (Page No. - 152)
The market size and forecast of each rim size is further segmented into regions – Asia Pacific, Europe, North America and ROW
11.1 INTRODUCTION
FIGURE 35 OTR TIRES MARKET, BY RIM SIZE, 2021—2026 (USD THOUSAND)
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
TABLE 159 OFF THE ROAD TIRES MARKET, BY RIM SIZE, 2018–2020 (UNITS)
TABLE 160 OFF THE ROAD TIRES MARKET, BY RIM SIZE, 2021–2026 (UNITS)
TABLE 161 OFF THE ROAD TIRES MARKET, BY RIM SIZE, 2018–2020 (USD THOUSAND)
TABLE 162 OFF THE ROAD TIRES MARKET, BY RIM SIZE, 2021–2026 (USD THOUSAND)
11.2 UP TO 30 INCHES
11.2.1 INCREASED DEMAND FOR CONSTRUCTION, INDUSTRIAL, AND AGRICULTURAL EQUIPMENT WILL DRIVE DEMAND FOR TIRES WITH THIS RIM SIZE
TABLE 163 UP TO 30 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 164 UP TO 30 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 165 UP TO 30 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 166 UP TO 30 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
11.3 30–50 INCHES
11.3.1 THE SEGMENT IS DOMINATED BY WHEELED LOADERS
TABLE 167 30 – 50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 168 30–50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 169 30–50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 170 30–50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
11.4 ABOVE 50 INCHES
11.4.1 THESE TIRES ARE MOSTLY USED IN RIGID DUMP TRUCKS
TABLE 171 ABOVE 50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 172 ABOVE 50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 173 ABOVE 50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 174 ABOVE 50 INCHES: OFF THE ROAD TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
12 OTR TIRES RETREADING MARKET, BY PROCESS (Page No. - 161)
The market size and forecast of each process is further segmented into regions – Asia Pacific, Europe, North America and ROW
12.1 INTRODUCTION
TABLE 175 PRE- VS MOLD CURE TIRES
FIGURE 36 OTR TIRES RETREADING MARKET, BY PROCESS, 2021 VS. 2026 (USD THOUSAND)
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS
TABLE 176 OTR TIRES RETREADING MARKET, BY PROCESS, 2018–2020 (UNITS)
TABLE 177 OTR TIRES RETREADING MARKET, BY PROCESS, 2021–2026 (UNITS)
TABLE 178 OTR TIRES RETREADING MARKET, BY PROCESS, 2018–2020 (USD THOUSAND)
TABLE 179 OTR TIRES RETREADING MARKET, BY PROCESS, 2021–2026 (USD THOUSAND)
FIGURE 37 PRE-CURE VS. MOLD CURE OTR RETREADING PROCESS
12.2 PRE-CURE
12.2.1 DEMAND FOR PRE-CURE TIRES IS LOWER AS THE PROCESS REQUIRES HIGHER REJECTION OF TIRES IN THIS PROCESS
TABLE 180 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 181 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 182 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 183 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (USD THOUSAND)
12.3 MOLD CURE
12.3.1 HIGHER MILEAGE AND LONGER SHELF LIFE MAKE MOLD CURE A PREFERABLE CHOICE
TABLE 184 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 185 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 186 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 187 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (USD THOUSAND)
13 OTR TIRES RETREADING MARKET, BY APPLICATION (Page No. - 169)
The market size and forecast of each retreading application is further segmented into regions – Asia Pacific, Europe, North America and ROW
13.1 INTRODUCTION
FIGURE 38 OTR TIRES RETREADING MARKET, BY APPLICATION, 2021 VS. 2026 (USD THOUSAND)
13.1.1 RESEARCH METHODOLOGY
13.1.2 ASSUMPTIONS
13.1.3 INDUSTRY INSIGHTS
TABLE 188 OTR TIRES RETREADING MARKET, BY APPLICATION, 2018–2020 (UNITS)
TABLE 189 OTR TIRES RETREADING MARKET, BY APPLICATION, 2021–2026 (UNITS)
TABLE 190 OTR TIRES RETREADING MARKET, BY APPLICATION, 2018–2020 (USD THOUSAND)
TABLE 191 OTR TIRES RETREADING MARKET, BY APPLICATION, 2021–2026 (USD THOUSAND)
13.2 CONSTRUCTION AND MINING EQUIPMENT
13.2.1 STEADY GROWTH IN EQUIPMENT PARC AND WORK HOURS WOULD DRIVE DEMAND FOR RETREADING TIRES IN THIS SEGMENT
TABLE 192 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2018–2020 (UNITS)
TABLE 193 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2021–2026 (UNITS)
TABLE 194 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 195 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2021–2026 (USD THOUSAND)
13.3 AGRICULTURE TRACTORS
13.3.1 GROWTH IN TRACTOR FLEET PROJECTED TO FUEL DEMAND FOR RETREADED TIRES
TABLE 196 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (UNITS)
TABLE 197 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (UNITS)
TABLE 198 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 199 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (USD THOUSAND)
14 OTR TIRES MARKET, BY APPLICATION (Page No. - 177)
The market size and forecast of each industry application is further segmented into regions – Asia Pacific, Europe, North America and ROW
14.1 INTRODUCTION
FIGURE 39 OTR TIRES MARKET, BY APPLICATION, 2021—2026 (USD THOUSAND)
14.1.1 RESEARCH METHODOLOGY
14.1.2 ASSUMPTIONS
TABLE 200 OTR TIRES MARKET, BY APPLICATION, 2018–2020 (UNITS)
TABLE 201 OTR TIRES MARKET, BY APPLICATION, 2021–2026 (UNITS)
TABLE 202 OTR TIRES MARKET, BY APPLICATION, 2018–2020 (USD THOUSAND)
TABLE 203 OTR TIRES MARKET, BY APPLICATION, 2021–2026 (USD THOUSAND)
14.2 CONSTRUCTION AND MINING EQUIPMENT
14.2.1 GROWTH IN INFRASTRUCTURAL DEVELOPMENT AND MINING ACTIVITIES WOULD DRIVE DEMAND FOR OTR TIRES IN CONSTRUCTION AND MINING EQUIPMENT
TABLE 204 OFF THE ROAD TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION, 2018–2020 (UNITS)
TABLE 205 OFF THE ROAD TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION, 2021–2026 (UNITS)
TABLE 206 OFF THE ROAD TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 207 OFF THE ROAD TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT: BY REGION, 2021–2026 (USD THOUSAND)
14.3 AGRICULTURE TRACTORS
14.3.1 GROWING DEMAND FOR AGRICULTURAL MECHANIZATION DUE TO IMPROVED PRODUCTIVITY EXPECTED TO DRIVE DEMAND FOR OTR TIRES IN THIS SEGMENT
TABLE 208 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (UNITS)
TABLE 209 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (UNITS)
TABLE 210 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 211 OFF THE ROAD TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (USD THOUSAND)
14.4 INDUSTRIAL EQUIPMENT
14.4.1 INCREASED LABOR COSTS AND IMPROVED EFFICIENCY OF MACHINES WOULD DRIVE DEMAND FOR OTR TIRES IN THIS SEGMENT
TABLE 212 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2018–2020 (UNITS)
TABLE 213 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2021–2026 (UNITS)
TABLE 214 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 215 OFF THE ROAD TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2021–2026 (USD THOUSAND)
15 OTR TIRE MARKET, BY REGION (Page No. - 186)
The market size and forecast of each country is further segmented into equipment – Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavators, Crawler Loader, Mini Excavator, Motor Graders, Rigid Dump Trucks, RTLT-Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loaders, Agriculture Tractors, and Others
15.1 INTRODUCTION
FIGURE 40 OTR TIRES MARKET, BY REGION, 2021 VS. 2026 (USD THOUSAND)
15.1.1 RESEARCH METHODOLOGY
TABLE 216 OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS)
TABLE 217 OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS)
TABLE 218 OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 219 OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND)
15.2 ASIA PACIFIC
FIGURE 41 ASIA PACIFIC: OTR TIRES MARKET SNAPSHOT
TABLE 220 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2020 (UNITS)
TABLE 221 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2026 (UNITS)
TABLE 222 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 223 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2026 (USD THOUSAND)
15.2.1 CHINA
15.2.1.1 Improved government policies to promote agricultural mechanization will drive sales of agricultural equipment and OTR tires
TABLE 224 CHINA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 225 CHINA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 226 CHINA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 227 CHINA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.2.2 JAPAN
15.2.2.1 Japan is estimated to be third-largest market in Asia Pacific
TABLE 228 JAPAN: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 229 JAPAN: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 230 JAPAN: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 231 JAPAN: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.2.3 INDIA
15.2.3.1 Sale of agriculture tractors will drive market
TABLE 232 INDIA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 233 INDIA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 234 INDIA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 235 INDIA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.2.4 INDONESIA
15.2.4.1 Construction and mining sector to drive the demand for OTR tires in Indonesia
TABLE 236 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 237 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 238 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 239 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3 EUROPE
FIGURE 42 EUROPE: OTR TIRES MARKET, BY COUNTRY, 2021 VS. 2026 (USD THOUSAND)
TABLE 240 EUROPE: OTR TIRES MARKET, BY COUNTRY, 2018–2020 (UNITS)
TABLE 241 EUROPE: OTR TIRES MARKET, BY COUNTRY, 2021–2026 (UNITS)
TABLE 242 EUROPE: OTR TIRES MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 243 EUROPE: OTR TIRES MARKET, BY COUNTRY, 2021–2026 (USD THOUSAND)
15.3.1 GERMANY
15.3.1.1 Germany expected to be largest market for OTR tires in Europe
TABLE 244 GERMANY: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 245 GERMANY: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 246 GERMANY: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 247 GERMANY: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3.2 UK
15.3.2.1 OTR tires for construction equipment are projected to witness higher demand in UK
TABLE 248 UK: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 249 UK: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 250 UK: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 251 UK: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3.3 FRANCE
15.3.3.1 OTR tires for construction equipment and agricultural tractors to witness higher growth by 2026
TABLE 252 FRANCE: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 253 FRANCE: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 254 FRANCE: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 255 FRANCE: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3.4 SPAIN
15.3.4.1 Increased use of earthmoving equipment to drive market
TABLE 256 SPAIN: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 257 SPAIN: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 258 SPAIN: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 259 SPAIN: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3.5 ITALY
15.3.5.1 Adoption of agriculture 4.0 is likely to drive demand for OTR tries in Italy
TABLE 260 ITALY: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 261 ITALY: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 262 ITALY: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 263 ITALY: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3.6 RUSSIA
15.3.6.1 Infrastructural developments and growth in mechanized agricultural practices to fuel market
TABLE 264 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 265 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 266 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 267 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.3.7 REST OF EUROPE
15.3.7.1 Mid-size construction equipment and autonomous agricultural tractors to drive demand for OTR tires
TABLE 268 REST OF EUROPE: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 269 REST OF EUROPE: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 270 REST OF EUROPE: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 271 REST OF EUROPE: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.4 NORTH AMERICA
FIGURE 43 NORTH AMERICA: OTR TIRES MARKET SNAPSHOT
TABLE 272 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (UNITS)
TABLE 273 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2026 (UNITS)
TABLE 274 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 275 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2026 (USD THOUSAND)
15.4.1 US
15.4.1.1 OTR tires for construction equipment to witness higher demand in the US
TABLE 276 US: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 277 US: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 278 US: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 279 US: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.4.2 CANADA
15.4.2.1 Increasing infrastructural development and mining activities to drive the demand for OTR tires
TABLE 280 CANADA: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 281 CANADA: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 282 CANADA: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 283 CANADA: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.4.3 MEXICO
15.4.3.1 Mexico estimated to be second-fastest-growing market in North America
TABLE 284 MEXICO: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 285 MEXICO: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 286 MEXICO: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 287 MEXICO: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.5 REST OF THE WORLD (ROW)
FIGURE 44 ROW: OTR TIRE MARKET, BY COUNTRY, 2021 VS. 2026 (USD THOUSAND)
TABLE 288 ROW: OTR TIRE MARKET, BY COUNTRY, 2018–2020 (UNITS)
TABLE 289 ROW: OTR TIRE MARKET, BY COUNTRY, 2021–2026 (UNITS)
TABLE 290 ROW: OTR TIRE MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 291 ROW: OTR TIRE MARKET, BY COUNTRY, 2021–2026 (USD THOUSAND)
15.5.1 BRAZIL
15.5.1.1 Brazil estimated to dominate the OTR tires market in RoW in 2021
TABLE 292 BRAZIL: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 293 BRAZIL: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 294 BRAZIL: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 295 BRAZIL: OTR TIRE MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.5.2 ARGENTINA
15.5.2.1 Increased in the export of agriculture tractors has driven the demand for OTR tires
TABLE 296 ARGENTINA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 297 ARGENTINA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 298 ARGENTINA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 299 ARGENTINA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.5.3 SOUTH AFRICA
15.5.3.1 Demand for agriculture tractors and wheeled loaders to drive market for OTR tires during forecast period
TABLE 300 SOUTH AFRICA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 301 SOUTH AFRICA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 302 SOUTH AFRICA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 303 SOUTH AFRICA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
15.5.4 SAUDI ARABIA
15.5.4.1 OTR tires for asphalt finisher segment expected to grow highest CAGR during forecast period
TABLE 304 SAUDI ARABIA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS)
TABLE 305 SAUDI ARABIA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS)
TABLE 306 SAUDI ARABIA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND)
TABLE 307 SAUDI ARABIA: OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND)
16 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 270)
16.1 ASIA PACIFIC EXPECTED TO DOMINATE OTR TIRES MARKET
16.2 SHIFT IN PREFERENCES TO RADIAL OTR TIRES - KEY FOCUS AREA
16.3 CONCLUSION
17 COMPETITIVE LANDSCAPE (Page No. - 272)
17.1 OVERVIEW
17.2 COMPANY EVALUATION MATRIX: OTR TIRE PLAYERS
17.2.1 STAR
17.2.2 EMERGING LEADERS
17.2.3 PERVASIVE
17.2.4 PARTICIPANTS
TABLE 308 OTR TIRES MARKET: COMPANY PRODUCT FOOTPRINT, 2020
TABLE 309 OTR TIRES MARKET: COMPANY INDUSTRY FOOTPRINT, 2020
TABLE 310 OTR TIRES MARKET: COMPANY REGION FOOTPRINT, 2020
FIGURE 45 COMPETITIVE EVALUATION MATRIX: OTR TIRES SUPPLIERS, 2020
FIGURE 46 DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
17.3 OTR TIRES MARKET SHARE ANALYSIS, 2020
TABLE 311 OTR TIRES MARKET SHARE ANALYSIS, 2020
FIGURE 47 OTR TIRES MARKET SHARE, 2020
17.4 REVENUE ANALYSIS OF TOP OF TOP OTR TIRE PLAYERS
FIGURE 48 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2018-2020
17.5 DEALS/KEY MARKET DEVELOPMENTS
17.5.1 NEW PRODUCT DEVELOPMENTS
TABLE 312 NEW PRODUCT DEVELOPMENTS, 2018–2020
17.5.2 DEALS
TABLE 313 DEALS, 2018–2021
17.5.3 OTHER DEVELOPMENTS
TABLE 314 OTHER DEVELOPMENTS, 2018–2021
18 COMPANY PROFILES (Page No. - 284)
The Business Overview, Recent Financials, Products Offered, and Recent Developments are covered for Top 10 OTR Tire Manufacturers, where financial information is provided for listed companies only
(Business overview, Products offered, Recent Developments, MNM view)*
18.1 KEY PLAYERS
18.1.1 CONTINENTAL AG
TABLE 315 CONTINENTAL: BUSINESS OVERVIEW
FIGURE 49 CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 316 CONTINENTAL AG: PRODUCTS OFFERED
TABLE 317 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS
TABLE 318 CONTINENTAL AG: DEALS
TABLE 319 CONTINENTAL AG: OTHER DEVELOPMENTS
18.1.2 BRIDGESTONE CORPORATION
TABLE 320 BRIDGESTONE CORPORATION: BUSINESS OVERVIEW
FIGURE 50 BRIDGESTONE CORPORATION: COMPANY SNAPSHOT
TABLE 321 BRIDGESTONE CORPORATION: PRODUCTS OFFERED
TABLE 322 BRIDGESTONE CORPORATION: DEALS
TABLE 323 BRIDGESTONE CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 324 BRIDGESTONE CORPORATION: OTHER DEVELOPMENTS
18.1.3 MICHELIN
TABLE 325 MICHELIN: BUSINESS OVERVIEW
FIGURE 51 MICHELIN: COMPANY SNAPSHOT
TABLE 326 MICHELIN: PRODUCTS OFFERED
TABLE 327 MICHELIN: DEALS
TABLE 328 MICHELIN: NEW PRODUCT DEVELOPMENTS
18.1.4 GOODYEAR
TABLE 329 GOODYEAR: BUSINESS OVERVIEW
FIGURE 52 GOODYEAR: COMPANY SNAPSHOT
TABLE 330 GOODYEAR: PRODUCTS OFFERED
TABLE 331 GOODYEAR: NEW PRODUCT DEVELOPMENTS
TABLE 332 GOODYEAR: DEALS
18.1.5 PIRELLI
TABLE 333 PIRELLI: BUSINESS OVERVIEW
FIGURE 53 PIRELLI: COMPANY SNAPSHOT
TABLE 334 PIRELLI: PRODUCTS OFFERED
18.1.6 SUMITOMO
TABLE 335 SUMITOMO: BUSINESS OVERVIEW
FIGURE 54 SUMITOMO: COMPANY SNAPSHOT
TABLE 336 SUMITOMO: PRODUCTS OFFERED
TABLE 337 SUMITOMO: DEALS
TABLE 339 SUMITOMO: OTHER DEVELOPMENTS
18.1.7 YOKOHAMA
TABLE 340 YOKOHAMA: BUSINESS OVERVIEW
FIGURE 55 YOKOHAMA: COMPANY SNAPSHOT
TABLE 341 YOKOHAMA: PRODUCTS OFFERED
TABLE 342 YOKOHAMA: NEW PRODUCT DEVELOPMENTS
TABLE 343 YOKOHAMA: OTHER DEVELOPMENTS
18.1.8 HANKOOK TIRE
TABLE 344 HANKOOK TIRE: BUSINESS OVERVIEW
FIGURE 56 HANKOOK TIRE: COMPANY SNAPSHOT
TABLE 345 HANKOOK TIRE: PRODUCTS OFFERED
TABLE 346 HANKOOK TIRE: DEALS
TABLE 347 HANKOOK TIRE: NEW PRODUCT DEVELOPMENTS
18.1.9 NOKIAN
TABLE 348 NOKIAN: BUSINESS OVERVIEW
FIGURE 57 NOKIAN: COMPANY SNAPSHOT
TABLE 349 NOKIAN: PRODUCTS OFFERED
TABLE 350 NOKIAN: NEW PRODUCT DEVELOPMENTS
TABLE 351 NOKIAN: OTHER DEVELOPMENTS
18.1.10 CEAT
TABLE 352 CEAT: BUSINESS OVERVIEW
FIGURE 58 CEAT: COMPANY SNAPSHOT
TABLE 353 CEAT: PRODUCTS OFFERED
TABLE 354 CEAT: NEW PRODUCT DEVELOPMENTS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
18.2 OTHER PLAYERS
18.2.1 DOUBLE COIN TIRE GROUP LTD
TABLE 355 DOUBLE COIN TIRE GROUP LTD: COMPANY OVERVIEW
18.2.2 EUROTIRE
TABLE 356 EUROTIRE: COMPANY OVERVIEW
18.2.3 TITAN INTERNATIONAL, INC.
TABLE 357 TITAN INTERNATIONAL, INC.: COMPANY OVERVIEW
18.2.4 TRELLEBORG AB
TABLE 358 TRELLEBORG AB: COMPANY OVERVIEW
18.2.5 TECHKING TIRES LTD
TABLE 359 TECHKING TIRES LTD: COMPANY OVERVIEW
18.2.6 TRIANGLE TIRE
TABLE 360 TRIANGLE TIRE: COMPANY OVERVIEW
18.2.7 MRF
TABLE 361 MRF: COMPANY OVERVIEW
18.2.8 JK TIRE & INDUSTRIES LTD
TABLE 362 JK TIRE & INDUSTRIES LTD: COMPANY OVERVIEW
18.2.9 APOLLO TIRES LTD
TABLE 363 APOLLO TIRES LTD: COMPANY OVERVIEW
18.2.10 BALKRISHNA INDUSTRIES LTD
TABLE 364 BALKRISHNA INDUSTRIES LTD: COMPANY OVERVIEW
18.2.11 CHINA NATIONAL TIRE & RUBBER CO., LTD
TABLE 365 CHINA NATIONAL TIRE & RUBBER CO., LTD: COMPANY OVERVIEW
18.2.12 LINGLONG TIRE
TABLE 366 LINGLONG TIRE: COMPANY OVERVIEW
18.2.13 QINGDAO RHINO TIRE CO., LTD
TABLE 367 QINGDAO RHINO TIRE CO., LTD: COMPANY OVERVIEW
18.2.14 OTANI TIRE CO. LTD.
TABLE 368 OTANI TIRE CO. LTD.: COMPANY OVERVIEW
18.2.15 BELSHINA
TABLE 369 BELSHINA: COMPANY OVERVIEW
19 APPENDIX (Page No. - 343)
19.1 KEY INDUSTRY INSIGHTS
19.2 DISCUSSION GUIDE
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
19.4 AVAILABLE CUSTOMIZATIONS
19.4.1 OTR TIRES MARKET, BY ASPECT RATIO
19.4.1.1 28
19.4.1.2 30
19.4.1.3 34
19.4.1.4 38
19.4.1.5 42
19.4.1.6 46
19.4.1.7 50
19.4.2 OTR TIRES MARKET, BY SUPPLY-SIDE
19.4.2.1 OEMs
19.4.2.2 Aftermarkets
19.4.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 3)
19.5 RELATED REPORTS
19.6 AUTHOR DETAILS
The study involves four main activities to estimate the current size of the OTR tires market.
- Exhaustive secondary research was done to collect information on the market, such as equipment type, agriculture tractors, industrial equipments, product type, tyre type, rim size, retreading by process and application, application and region.
- The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
- Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study.
- Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include auto industry organizations (such as AEM); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
Primary Research
- Extensive primary research was conducted after acquiring an understanding of the OTR tires market scenario through secondary research. Several primary interviews were conducted with market experts from both demand-side (OEM) and supply-side (OTR tires manufacturers and distributors) players across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America, the Middle East, and Africa). 30% and 70% of primary interviews were conducted with the demand and supply sides, respectively. The primary data was collected through questionnaires, e-mails, and telephonic interviews. Extensive primaries were conducted within different domains of organizations, such as sales, operations, and technical support, to provide a holistic viewpoint in the report.
- After interacting with industry participants, brief sessions were also conducted with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject-matter experts’ opinions, has led to the findings as described in the remainder of the report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value and volume of the OTR tire and other dependent submarkets, as mentioned below:
- The bottom-up approach was used to estimate and validate the size of the OTR tire market. The OTR tire market size by application, in terms of volume, was derived by estimating the annual sales (units) of construction and mining equipment, agriculture tractors, and industrial equipment at the country level. This was further multiplied with the regional-level penetration of OTR tires/tracks in each application (construction and mining equipment, agriculture tractors, and industrial equipment).
- The country-level OTR tires market by application, by volume, was multiplied with the country-level average selling price (ASP) for each application to derive the OTR tire market for each application by value.
- The summation of the country-level market would help derive the regional level, and then further addition provided the global OTR tire market, by application (construction and mining, agriculture tractors, and industrial equipment). The total value of each country was then summed up to derive the total value of the OTR tires market by application.
- All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
- The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
Otr Tires Market Size: Bottom-Up Approach (Application and Region)
Otr Tires Market Size: Top-Down Approach ( Rim Size)
To know about the assumptions considered for the study, download the pdf brochure
Report Objectives
- To define, describe, and forecast the off-the-road (OTR) tires and retreading market with respect to individual growth trends and prospects and determine the contribution of each segment to the total market.
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with Porter’s five forces analysis, trade analysis, trends/disruptions impacting buyers, case studies, patent analysis, supply chain analysis, market ecosystem, regulatory analysis, technology trend, and the COVID-19 impact on the market.
- To analyze the impact of COVID-19 on the OTR tire market.
- To analyze the market share of leading players in the market and evaluate competitive leadership mapping.
- To strategically analyze the key player strategies/right to win and company revenue analysis.
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To provide an analysis of recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the global market
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OTR tires market, by aspect ratio
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OTR tires market, by supply-side
- OEMs
- Aftermarkets
Detailed analysis and profiling of additional market players (Up to 3)
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Growth opportunities and latent adjacency in OTR Tires Market