HOME Top Market Reports OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025

OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: AT 5918

 

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The Off-the-Road (OTR) tires market is projected to grow owing to key reasons such as increasing demand for agriculture tractors and construction & mining equipment due to mechanization and increased infrastructural development in developing countries. Increased automation in the industrial processes is also estimated to influence the OTR tires market for industrial vehicles. Also, with the increase in average machine hours, the demand for tire replacements has increased, which, in turn, is projected to boost the demand for retreaded tires.

The OTR tires market was valued at USD 4.91 Billion in 2016 and is projected to reach USD 7.68 Billion by 2025, growing at a CAGR of 4.64% during the forecast period.

Years considered for this report:

  • 2016 - Base Year
  • 2017 - Estimated Year
  • 2017–2025 - Forecast Period

Objectives of the Study:

  • To define, describe, and forecast the global OTR Tires OE and retreading market, by volume and value, for four key regions―Asia Oceania, Europe, North America, and RoW
  • To forecast the market size, by volume and value, of the OTR Tires Market, by Type and Application
  • To forecast the market size, by volume and value, of the OTR Tires OE market for four main regions & key countries―Asia Oceania (China, India, Japan, and South Korea), Europe (France, Germany, Italy, Spain, and UK), North America (US, Canada, and Mexico), and RoW (Brazil, South Africa, and Russia)
  • To forecast the market size, by volume and value, of the OTR Retreading Tires Market, by Application and Process
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies

The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the OTR Tires market. The bottom-up approach has been used to estimate the market size, by volume. The market size, by volume, is multiplied by the average OE price (AOP) of OTR Tire units required for each application and the vehicle type to calculate the market size in terms of value. Summation of the country-wise markets gives the regional market, and further summation of the regional markets provides the global OTR Tires market. OTR Tires manufacturer associations, aftermarket and tire retreading associations, and regional manufacturer associations are referred to in this study.

The figure below shows the break-up of the profile of industry experts who participated in the primary discussions.

OTR Tires Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the OTR tires market consists of manufacturers and Tier 1 suppliers such as Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook (South Korea), Nokian (Finland), and CEAT (India).

Target Audience

  • Aftermarket and tire retreading associations
  • Automotive OEMs
  • Governments’ national and regional environmental regulatory agencies or organizations
  • Manufacturers of OTR tires
  • Organized and unorganized aftermarket suppliers
  • Raw material manufacturers of tires/tire components (suppliers for Tier I)
  • Regional manufacturer associations
  • Tire retreading companies
  • Traders, distributors, and suppliers of tires, tire components, and raw materials

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years (depends on a range of forecast period) for prioritizing their efforts and investments.”

Scope of the Report

  • OTR Tires Market, By Construction and Mining Equipment & Country

    (Note - The chapter is further segmented at country level and considered regions are Asia Oceania (China, India, and Japan), Europe (Germany, France, Italy, Spain, UK, and Rest of Europe), North America (Canada, Mexico, and US), and RoW (Brazil, Russia, and South Africa))

    • Articulated Dump Truck
    • Rigid Dump Truck
    • Backoe Loaders
    • Asphalt Finisher
    • Motor Grader
    • Motor Scraper
    • RTLT-Masted
    • RTLT-Telescopic
    • Skid- Steer Loaders
    • Wheeled Excavators
    • Wheeled Loaders < 80HP
    • Wheeled Loaders > 80HP
    • Crawler Dozer
    • Crawler Excavators
    • Crawler Loader
    • Mini Excavators
  • OTR Tires Market, By Agriculture Tractors & Country

    (Note - The chapter is further segmented at country level and considered regions are Asia Oceania (China, India, Japan, South Korea, and Rest of Asia Oceania), Europe (Germany, France, Italy, UK, and Rest of Europe), North America (Canada, Mexico, and US), and RoW (Brazil, Russia, and Turkey))

    • <30 hp Tractors
    • 31-100 hp Tractors
    • 101-200 hp Tractors
    • >200 hp Tractors
  • OTR Tires Market, By Industrial Equipment & Region

    (Note - The chapter is further segmented at regional level and considered regions are Asia Oceania, Europe, North America, and RoW)

    • Forklift
    • Aisle Trucks
    • Tow Tractors
  • OTR Tires Market, By Type & Region

    (Note - The chapter is further segmented at regional level and considered regions are Asia Oceania, Europe, North America, and RoW)

    • Wheeled
    • Track
  • OTR Tires Market, By Region

    (Note - The chapter is further segmented by application and application considered are Construction & Mining Equipment, Agriculture Tractors, and Industrial Equipment)

    • Asia Oceania
    • Europe
    • North America
    • RoW
  • OTR Tires Retreading Market, By Application
    • Agriculture Tractors
    • Construction and Mining  Equipment
  • OTR Tires Retreading Market, By Process

    (Note - The chapter is further segmented at regional level and considered regions are Asia Oceania, Europe, North America, and RoW)

    • Pre-Cure
    • Mold Cure
  • OTR Tires Retreading Market, By Region

    (Note - The chapter is further segmented by application and application considered are Construction & Mining Equipment and Agriculture Tractors)

    • Asia Oceania
    • Europe
    • North America
    • RoW

Available Customizations

With the given market data, MarketsandMarkets can provide market data for below categories:

  • OTR Tires Market, by aspect ratio
    • 28
    • 30
    • 34
    • 38
    • 42
    • 46
    • 50
  • OTR Tires Market, by rim size
    • 620/70
    • 762 or 914
    • 380/85R28
    • 460/85R38
    • 420/90R30
    • 480/80R46
    • 800 / 750
    • 825 / 750
    • 800/70 R38
  • OTR track market for Agriculture Tractors, by country
    • Canada
    • Mexico
    • US
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • China
    • Japan
    • India
    • South korea

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                    2.4.2.1 Increasing Mechanization and Farm Activities
           2.4.3 Supply-Side Analysis
                    2.4.3.1 Technological Advancements
    2.5 Market Size Estimation
    2.6 Data Triangulation
    2.7 Assumptions
           2.7.1 Parameters & Assumptions Followed for OTR Tires Market Analysis

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in the OTR Tires Market
    4.2 OTR Tires Market, By Construction & Mining Equipment
    4.3 OTR Tires Market, By Agriculture Tractors
    4.4 OTR Tires Market, By Industrial Vehicles
    4.5 OTR Tires Market, By Region & Application
    4.6 OTR Tires Market, By Type
    4.7 OTR Tires Retreading Market, By Application
    4.8 OTR Tires Retreading Market, By Region
    4.9 OTR Tires Retreading Market, By Process

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Sales of Off-Highway Vehicles
                               5.2.1.1.1 Increase in Construction Activities
                               5.2.1.1.2 Increasing Farm Mechanization
                               5.2.1.1.3 Government Subsidies on Agriculture Equipment
                    5.2.1.2 High Cost of New Tires Will Boost the Retreading Market
           5.2.2 Restraints
                    5.2.2.1 Extreme Weather Conditions and Customization Lead to High R&D Expenditure
                    5.2.2.2 Low-Cost Tires From Unorganized Market
                               5.2.2.2.1 Decreasing Sales From Organized Market/Channels
                               5.2.2.2.2 Low Cost of Chinese Tires: Responsible Factors
           5.2.3 Opportunities
                    5.2.3.1 Eco-Friendly Tires Can Be Extended for OTR Tires
           5.2.4 Challenges
                    5.2.4.1 Fluctuating Raw Material Prices
           5.2.5 Macro Indicator Analysis
                    5.2.5.1 Introduction
                    5.2.5.2 US
                    5.2.5.3 China
                    5.2.5.4 Germany

6 Impact Analysis (Page No. - 57)
    6.1 Introduction
           6.1.1 Introduction of Autonomous Tractors
           6.1.2 Autonomous Mining
           6.1.3 OTR Tires: Technological Advances
                    6.1.3.1 Radial Tires
                    6.1.3.2 Sensor-Based Tires
                    6.1.3.3 Nanotechnology

7 OTR Tires Market, By Construction & Mining Equipment (Page No. - 61)
Note - The Chapter is Further Segmented at Country Level and Considered Regions are Asia Oceania (China, India, and Japan), Europe (Germany, France, Italy, Spain, UK and Rest of Europe), North America (Canada, Mexico and US), and RoW (Brazil, Russia, and South Africa)
    7.1 Introduction
    7.2 Articulated Dump Truck
    7.3 Rigid Dump Truck
    7.4 Backhoe Loader
    7.5 Asphalt Finisher
    7.6 Motor Grader
    7.7 Motor Scraper
    7.8 RTLT-Masted
    7.9 RTLT-Telescopic
    7.10 Skid-Steer Loader
    7.11 Wheeled Excavator
    7.12 Wheeled Loader <80 hp
    7.13 Wheeled Loader >80 hp
    7.14 Crawler Dozer
    7.15 Crawler Excavator
    7.16 Crawler Loader
    7.17 Mini Excavators

8 OTR Tires Market, By Agriculture Tractors (Page No. - 97)
Note - The Chapter is Further Segmented at Country Level and Considered Regions are Asia Oceania (China, India, Japan, South Korea and Rest of Asia Oceania), Europe (Germany, France, Italy, UK and Rest of Europe), North America (Canada, Mexico and US), and RoW (Brazil, Russia, and Turkey)
    8.1 Introduction
    8.2 <30 hp Tractors
    8.3 31–100 hp Tractors
    8.4 101–200 hp Tractors
    8.5 >200 hp Tractors

9 OTR Tires Market, By Industrial Equipment (Page No. - 109)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    9.1 Introduction
    9.2 Forklift
    9.3 Aisle Trucks
    9.4 Tow Tractors
    9.5 Container Handlers

10 OTR Tires Market, By Type (Page No. - 116)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
     10.1 Introduction
     10.2 Wheeled
     10.3 Rubber Tracks

11 OTR Tires Market, By Application & Region (Page No. - 121)
Note - The Chapter is Further Segmented By Application and Application Considered are Construction & Mining Equipment, Agriculture Tractors and Industrial Equipment
     11.1 Introduction
     11.2 Asia Oceania
     11.3 North America
     11.4 Europe
     11.5 RoW

12 OTR Tires Retreading Market, By Process (Page No. - 132)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
     12.1 Introduction
     12.2 Pre-Cure
     12.3 Mold Cure

13 OTR Tires Retreading Market, By Application & Region (Page No. - 137)
Note - The Chapter is Further Segmented By Application and Application Considered are Construction & Mining Equipment, and Agriculture Tractors
     13.1 Introduction
     13.2 Asia Oceania
     13.3 Europe
     13.4 North America
     13.5 RoW

14 Competitive Landscape (Page No. - 141)
     14.1 Introduction
     14.2 Market Ranking Analysis
     14.3 Competitive Scenario

15 Company Profile (Page No. - 146)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     15.1 Continental
     15.2 Bridgestone
     15.3 Michelin
     15.4 Goodyear
     15.5 Pirelli
     15.6 Sumitomo
     15.7 Yokohama
     15.8 Hankook Tire
     15.9 Nokian
     15.10 Ceat

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 176)
     16.1 Key Industry Insights
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
             16.4.1 OTR Tires Market, By Aspect Ratio
                        16.4.1.1 28
                        16.4.1.2 30
                        16.4.1.3 34
                        16.4.1.4 38
                        16.4.1.5 42
                        16.4.1.6 46
                        16.4.1.7 50
             16.4.2 OTR Tires Market, By Rim Size
                        16.4.2.1 620/70
                        16.4.2.2 762 Or 914
                        16.4.2.3 380/85r28
                        16.4.2.4 460/85r38
                        16.4.2.5 420/90r30
                        16.4.2.6 480/80r46
                        16.4.2.7 800 / 750
                        16.4.2.8 825 / 750
                        16.4.2.9 800/70 R38
             16.4.3 OTR Tires Agriculture Tractors Track Market, By Country
                        16.4.3.1 Canada
                        16.4.3.2 Mexico
                        16.4.3.3 US
                        16.4.3.4 France
                        16.4.3.5 Germany
                        16.4.3.6 Italy
                        16.4.3.7 UK
                        16.4.3.8 Spain
                        16.4.3.9 China
                        16.4.3.10 Japan
                        16.4.3.11 India
                        16.4.3.12 South Korea
     16.5 Related Reports
     16.6 Author Details


List of Tables (99 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Agricultural Produce as A Percentage of GDP, 2015–2016
Table 3 Agricultural Equipment Subsidies By Major Regional Governments
Table 4 Industry Characteristics and Specification
Table 5 US Tires Retail Sales, 2012-2016
Table 6 Tire Manufacturers Can Focus Toward Eco-Friendly Materials
Table 7 Solutions & Features for Autonomous Mining, By Oems
Table 8 OTR Tires Market for Construction & Mining Equipment, By Region, 2015–2025 ('000 Units)
Table 9 OTR Tires Market for Construction & Mining Equipment, By Region, 2015–2025 (USD Million)
Table 10 OTR Tires Market, By Construction & Mining Equipment Type, 2015–2025 ('000 Units)
Table 11 OTR Tires Market, By Construction & Mining Equipment Type, 2015–2025 (USD Million)
Table 12 Articulated Dump Trucks: OTR Tires Market, By Country, 2015–2025 (Units)
Table 13 Articulated Dump Trucks: OTR Tires Market, By Country, 2015–2025 (USD ‘000)
Table 14 Rigid Dump Trucks: OTR Tires Market, By Country, 2015–2025 (Units)
Table 15 Rigid Dump Trucks: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 16 Backhoe Loader: OTR Tires Market, By Country, 2015–2025 (Units)
Table 17 Backhoe Loader: OTR Tires Market, By Country 2015–2025 (USD ’000)
Table 18 Asphalt Finisher: OTR Tires Market, By Country, 2015–2025 (Units)
Table 19 Asphalt Finisher: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 20 Motor Grader: OTR Tires Market, By Country, 2015–2025 (Units)
Table 21 Motor Grader: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 22 Motor Scraper: OTR Tires Market, By Country, 2015–2025 (Units)
Table 23 Motor Scraper: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 24 RTLT Masted: OTR Tires Market, By Country, 2015–2025 (Units)
Table 25 RTLT Masted: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 26 RTLT- Telescopic: OTR Tires Market, By Country, 2015–2025 (Units)
Table 27 RTLT- Telescopic: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 28 Skid Steer Loader: OTR Tires Market, By Country, 2015–2025 (Units)
Table 29 Skid Steer Loader: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 30 Wheeled Excavator: OTR Tires Market, By Country, 2015–2025 (Units)
Table 31 Wheeled Excavator: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 32 Wheeled Loader <80 hp: OTR Tires Market, By Country, 2015–2025 (Units)
Table 33 Wheeled Loader <80 hp: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 34 Wheeled Loader >80 hp: OTR Tires Market, By Country, 2015–2025 (Units)
Table 35 Wheeled Loader >80 hp: OTR Tires Market, By Country, 2015–2025 (USD ’000)
Table 36 Crawler Dozer: OTR Rubber Track Market, By Country, 2015–2025 (Units)
Table 37 Crawler Dozer: OTR Rubber Track Market, By Country, 2015–2025 (USD ’000)
Table 38 Crawler Excavator: OTR Rubber Track Market, By Country, 2015–2025 (Units)
Table 39 Crawler Excavator: OTR Rubber Track Market, By Country, 2015–2025 (USD ’000)
Table 40 Crawler Loader: OTR Rubber Track Market, By Country, 2015–2025 (Units)
Table 41 Crawler Loader: OTR Rubber Track Market, By Country, 2015–2025 (USD ’000)
Table 42 Mini Excavators: OTR Rubber Track Market, By Country, 2015–2025 (Units)
Table 43 Mini Excavators: OTR Rubber Track Market, By Country, 2015–2025 (USD ’000)
Table 44 Agriculture Tractors: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 45 Agriculture Tractors: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 46 Agriculture Tractors: OTR Tires Market, By Type, 2015–2025 ('000 Units)
Table 47 Agriculture Tractors: OTR Tires Market, By Type, 2015–2025 (USD Million)
Table 48 <30 hp Tractors: OTR Tires Market, By Country, 2015–2025 ('000 Units)
Table 49 30 hp Tractors: OTR Tires Market, By Country, 2015–2025 (USD Million)
Table 50 31–100 hp Tractors: OTR Tires Market, By Country, 2015–2025 ('000 Units)
Table 51 31–100 hp Tractors: OTR Tires Market, By Country, 2015–2025 (USD Million)
Table 52 101–200 hp Tractors: OTR Tires Market, By Country, 2015–2025 ('000 Units)
Table 53 101–200 hp Tractors: OTR Tires Market, By Country, 2015–2025 (USD Million)
Table 54 >200 hp Tractors: OTR Tires Market, By Country, 2015–2025 ('000 Units)
Table 55 >200 hp Tractors: OTR Tires Market, By Country, 2015–2025 (USD Million)
Table 56 OTR Tires Market for Industrial Equipment, By Region, 2015–2025 ('000 Units)
Table 57 OTR Tires Market for Industrial Equipment, By Region, 2015–2025 (USD Million)
Table 58 OTR Tires Market, By Industrial Equipment Type, 2015–2025 ('000 Units)
Table 59 OTR Tires Market, By Industrial Equipment Type, 2015–2025 (USD Million)
Table 60 Forklift: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 61 Forklift: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 62 Aisle Trucks: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 63 Aisle Trucks: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 64 Tow Trucks: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 65 Tow Trucks: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 66 Container Handlers: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 67 Container Handlers: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 68 OTR Tires Market, By Type, 2015–2025 ('000 Units)
Table 69 OTR Tires Market, By Type, 2015–2025 (USD Million)
Table 70 Wheeled: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 71 Wheeled: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 72 Rubber Track: OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 73 Rubber Track: OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 74 OTR Tires Market, By Region, 2015–2025 ('000 Units)
Table 75 OTR Tires Market, By Region, 2015–2025 (USD Million)
Table 76 OTR Tires Market, By Application, 2015–2025 ('000 Units)
Table 77 OTR Tires Market, By Application, 2015–2025 (USD Million)
Table 78 Asia Oceania: OTR Tires Market, By Application, 2015–2025 ('000 Units)
Table 79 Asia Oceania: OTR Tires Market, By Application, 2015–2025 (USD Million)
Table 80 North America: OTR Tires Market, By Application, 2015–2025 ('000 Units)
Table 81 North America: OTR Tires Market, By Application, 2015–2025 (USD Million)
Table 82 Europe: OTR Tires Market, By Application, 2015–2025 ('000 Units)
Table 83 Europe: OTR Tires Market, By Application, 2015–2025 (USD Million)
Table 84 RoW: OTR Tires Market, By Application, 2015–2025 ('000 Units)
Table 85 RoW: OTR Tires Market, By Application, 2015–2025 (USD Million)
Table 86 OTR Tires Retreading Market, By Process, 2015–2025 ('000 Units)
Table 87 OTR Tires Retreading Market, By Process, 2015–2025 (USD Million)
Table 88 OTR Tires Pre-Cure Retreading Market Size, By Region, 2015–2025 ('000 Units)
Table 89 OTR Tires Pre-Cure Retreading Market Size, By Region, 2015–2025 (USD Million)
Table 90 OTR Tires Mold-Cure Retreading Market Size, By Region, 2015–2025 ('000 Units)
Table 91 OTR Tires Mold-Cure Retreading Market Size, By Region, 2015–2025 (USD Million)
Table 92 OTR Tires Retreading Market, By Application, 2015–2025 ('000 Units)
Table 93 OTR Tires Retreading Market, By Application, 2015–2025 (USD Million)
Table 94 OTR Tires Retreading Market, By Region, 2015–2025 ('000 Units)
Table 95 OTR Tires Retreading Market, By Region, 2015–2025 (USD Million)
Table 96 New Product Developments, 2017
Table 97 Expansions, 2017
Table 98 Mergers & Acquisitions, 2016–2017
Table 99 Partnerships/Agreements/Supply Contracts/Collaborations/Joint Ventures, 2017


List of Figures (56 Figures)

Figure 1 OTR Tires: Market Segmentation
Figure 2 OTR Tires Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 OTR Tires Market Sizing & Forecast: Bottom-Up Approach
Figure 6 OTR Tires Market Overview, 2017–2025
Figure 7 Evolution of the Tire Industry
Figure 8 OTR Tires Market, By Construction and Mining Equipment, 2017–2025 (USD Million)
Figure 9 OTR Tires Market, By Agriculture Tractors, 2017–2025 (USD Million)
Figure 10 OTR Tires Market, By Industrial Equipment, 2017–2025 (USD Million)
Figure 11 OTR Tires Market, By Region, 2017–2025 (USD Million)
Figure 12 OTR Tires Market, By Type, 2015–2025 (USD Million)
Figure 13 OTR Tires Retreading Market, By Region, 2015–2025 (USD Million)
Figure 14 OTR Tires Retreading Market, By Process, 2017–2025 (USD Million)
Figure 15 Increasing Demand for Construction & Agriculture Equipment to Drive the OTR Tires Market During the Forecast Period
Figure 16 Loaders & Graders are Estimated to Hold >50% Share in Construction & Mining Equipment OTR Tires Market, 2017-2025
Figure 17 <30 hp Tractors are Estimated to Showcase the Largest Market in Agriculture Tractor OTR Tires Market, 2017—2025 (USD Million)
Figure 18 OTR Tires Market for Aisle Trucks Segment is Projected to Grow at the Highest CAGR From 2017 to 2025
Figure 19 Asia Oceania & Agriculture Tractors Hold the Largest Market Share By Region and Application, Respectively, 2017
Figure 20 Rubber Track is Estimated to Witness the Highest Growth in the OTR Tires Market, 2017–2025 (USD Million)
Figure 21 Construction & Mining Equipment Accounts for the Largest Share of Retreading Market for OTR Tires, 2025 (USD Million)
Figure 22 Asia Oceania to Hold the Largest Share in the OTR Tires Retreading Market, 2017–2025 (USD Million)
Figure 23 Mold Cure Process is Estimated to See the Fastest Growth in the OTR Tires Retreading Market, 2017 (USD Million)
Figure 24 OTR Tires: Market Dynamics
Figure 25 Retreading vs New Tire Replacement Cost Analysis, 2009-2015
Figure 26 Natural Rubber Pricing Variations vs Oil Prices, 2005–2015
Figure 27 Macro Indicators Affecting US OTR Tires Market
Figure 28 Macro Indicators Affecting China OTR Tires Market
Figure 29 Macro Indicators Affecting Germany OTR Tires Market
Figure 30 OTR Tires Market: Impact Analysis
Figure 31 OTR Tires Market By Construction & Mining Equipment, 2017 vs 2025 (USD Million)
Figure 32 OTR Tires Market, By Agriculture Tractors, 2017 vs 2025 (USD Million)
Figure 33 OTR Tires Market, By Industrial Equipment, 2017 vs 2025 (USD Million)
Figure 34 OTR Tires Market, By Type, 2017 vs 2025 (USD Million)
Figure 35 OTR Tires Market, By Region, 2015—2025 (USD Million)
Figure 36 Asia Oceania: OTR Tires Market Snapshot
Figure 37 North America: OTR Tires Market Snapshot
Figure 38 OTR Tires Retreading Market, By Process 2017 vs 2025 (USD Million)
Figure 39 OTR Tires Retreading Market, By Region 2017 vs 2025 (USD Million)
Figure 40 OTR Tires Market Ranking: 2017
Figure 41 Companies Adopted New Product Developments as A Key Growth Strategy
Figure 42 Continental: Company Snapshot
Figure 43 Continental: SWOT Analysis
Figure 44 Bridgestone: Company Snapshot
Figure 45 Bridgestone: SWOT Analysis
Figure 46 Michelin: Company Snapshot
Figure 47 Michelin: SWOT Analysis
Figure 48 Goodyear: Company Snapshot
Figure 49 Goodyear: SWOT Analysis
Figure 50 Pirelli: Company Snapshot
Figure 51 Pirelli: SWOT Analysis
Figure 52 Sumitomo: Company Snapshot
Figure 53 Yokohama: Company Snapshot
Figure 54 Hankook Tire: Company Snapshot
Figure 55 Nokian: Company Snapshot
Figure 56 Ceat: Company Snapshot

The OTR tires market was valued at USD 5.34 Billion in 2017 and is projected to grow at a CAGR of 4.64% during the forecast period to reach to USD 7.68 Billion by 2025. The OTR tires market is projected to grow due to the increasing demand for agriculture tractors, construction & mining equipment fueled by mechanization and high infrastructural development in developing countries. Due to increased machine hours, the tire replacement time has seen a slight decline in recent times. Retreaded tires cost 1/3rd of the price of new tires and have good durability. Thus, the market for retreaded tires is projected to grow significantly in near future.

The study segments the OTR tires market by application and region. The construction and mining equipment market is estimated to grow at the highest rate during the forecast period. The growth will be driven by the increasing demand in Asia Oceania and North America. OTR tires for agriculture tractors segment is estimated to be the largest market during the forecast period due to the increasing demand from developing countries and Asia Oceania region. Increased industrial automation is also projected to influence OTR tires market for industrial applications.

The study segments the OTR tires market, by type, into wheeled and rubber track. Rubber tracks market is estimated to be the fastest growing market; whereas, the wheeled market is estimated to be the largest market during the forecast period. The crawler equipment is imposed with the tracks in which there is very less penetration of rubber track. Tracks have a larger surface area in contact with the ground. Tracks help to pull heavy load as weight is distributed evenly, without causing soil compaction. The increasing demand for rubber tracks in developed regions makes it the fastest growing market.

The OTR tires market is also segmented by retreading applications and region. The construction and mining equipment type holds the major share in the retreading market. The advancements in construction & mining equipment, such as automation and electrification, have helped the fleet operators to use the equipment in multiple shifts. This has led to decreased tire replacement duration, thereby to the increased demand for aftermarket tires. The demand for retreaded tires is projected to grow also due to the high cost of new tires.

The study segments the OTR tires market by process (Pre-Cure, Mold Cure). The pre-cure market is projected to be the largest market; whereas, mold cure market, by value, is expected to be the fastest growing market during the forecast period. The mold cure process is a capital-intensive process as it requires investments in the mold. The market for pre-cure is the largest as it is relatively economical process. The market share of mold cure retreading is projected to reduce significantly as the pre-cure process is simpler and cost effective.

North America is estimated to be the fastest growing market for OTR tires during the forecast period. North American economy has finally recovered from the setbacks of recession. In North America, the growth of the OTR tires market will be driven by infrastructure development, availability of state-of-the-art technology, increasing demand for green vehicles, and the presence of a large base of tier-1 companies and OEMs. Asia Oceania is estimated to be the largest market during the period of study. The market growth in Asia Oceania can be attributed to the increasing demand for the agriculture and construction equipment. Due to the growing population and rising per capita income, countries such as China and India are shifting towards mechanization for farming activities, which is projected to boost the market for OTR tires in the region.

OTR Tires Market

The major factors hindering the growth of the OTR Tires market for the organized players are the high cost of R&D and low-cost tires offered in unorganized market.

OTR tires manufacturers have adopted new product development and geographical expansion as major strategies to gain traction in the OTR Tires market. The key market players include Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear (US), and Pirelli (Italy).

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