Off the Road (OTR) Tires Market - Trends Forecast Till 2028

Market Overview

The Off the Road (OTR) tires market size is projected to reach a CAGR of 4% from 2022 to 2028.

OTR or off the road tires are specially designed for heavy vehicles used off road application like in mining, logistics and agriculture. The usage of these tyres offers the benefits of low cost of maintenance and repair. These tyres are wider than the normal tyres in order to accommodate heavy duty vehicle, to be specific these are 16 inches in width.

Due to the surge in sale of off Highway vehicles along with the increased automation in farms are some of the factors that have supported long-term expansion for Off the Road (OTR) tires Market.

COVID-19 had a negative effect on the market, the low demand for tires during the lockdown and the pandemic along with producers working towards the cut down of the production the market has witnessed a fall.

Regional Analysis

Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the increased investment in the infrastructural project along with the construction of roads and railways.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Bridgestone Corporation MICHELIN
• The Goodyear Tire & Rubber Company
• Continental AG
• YOKOHAMA Rubber CO. Ltd.
• Sumitomo Tires
• Apollo Tyres Ltd.
• Nokian Tyres
• China Rubber Tire & Rubber Co. Ltd
• Prometeon Tyre Group S.R.L.
• BKT Tire
• Qingdao Rhino Tyre Co., Ltd.
• Titan
• International, Inc.
• Trelleborg AB
• Triangle Group Co. Ltd

Recent Developments

• In January 2021, Bridgestone corporation announced its 4 year result of the collaboration with NR gene a genomic big data company.
• In November 2019, Apollo Tyres and Global Automotive Research Centre (GARC) signed up for partnership in order to expand their market in the southern part of Tamil Nadu.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Off the Road (OTR) tires s Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope