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Automotive and Transportation

Global OTR(Off the road) Tires Tire Market Size study with COVID Impact, by Industry Type (Construction & Mining, Agricultural, Industrial), Sales Channel (OEM, Aftermarket), Rim Size (<25”, 29”-49”,51”-63”) and Regional Forecasts 2020-2026

  • BIZ3837204
  • 200 Pages
  • April 2020
  • Automotive and Transportation
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Global OTR Tire Market is valued approximately at USD 5.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.80% over the forecast period 2019-2026. The OTR(Off the road) tires are built to carry a massive amount of weight and are primarily equipped in the commercial and industrial vehicles. The OTR tire market is primarily driven owing to surging sales of off-highway vehicles, surging construction sector in both developed and developing countries, escalating utility of commercial vehicles along with government subsidies on agricultural equipment’s. However, the impact of Covid-19 has negatively impacted the transportation & logistics sector in both developed and developing countries which is anticipated to be a restraining factor for the surge and demand of OTR tires. The surging production of commercial vehicles is acting as a key driver towards the development and growth of OTR tire market. For Instance: According to the International Organization of Motor Vehicle Manufacturers, the production of commercial vehicles saw a surge of around 4.26% in the year 2017 from the year 2016. Around 23846003 units of commercial vehicles were produced in the year 2017 as compared to 72105435 units in the year 2016 on the global scenario. Also, China accounted for the largest production of commercial vehicles which accounted for 4208747 units in the year 2017 resulting into positively influencing the demand and utility of OTR tire market. However, the high cost of OTR Tires impedes the growth of the market over the forecast period of 2020-2026.

The regional analysis of global OTR Tire market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging construction sector which include both residential and commercial vehicles along with subsidies provided by federal government for agricultural equipment. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as surging sales of off-highway vehicles & commercial vehicles along with rising number of mining activities would create lucrative growth prospects for the OTR Tire market across Asia-Pacific region.

Major market player included in this report are:

Bridgestone Corporation

Yokohama Tire Corporation

Continental AG

MICHELIN Sumitomo Rubber Industries Ltd

Nokian Tyres

Apollo Tyres Ltd

China National Tire & Rubber Co, Ltd

Titan International Inc.

Madras Rubber Factory (MRF)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Industry Type:

Construction & Mining

Agricultural

Industrial

By Sales Channel:

OEM

Aftermarket

By Rim Size:

<25”

29”-49”

51”-63”

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 20198

Forecast period – 2020 to 2026

Target Audience of the Global OTR Tire Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)

1.2.1. OTR Tire Market, by Region, 2018-2026 (USD Billion)

1.2.2. OTR Tire Market, by Industry Type, 2018-2026 (USD Billion)

1.2.3. OTR Tire Market, by Sales Channel, 2018-2026 (USD Billion)

1.2.4. OTR Tire Market, by Rim Size, 2018-2026 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global OTR Tire Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global OTR Tire Market Dynamics

3.1. OTR Tire Market Impact Analysis (2018-2026)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global OTR Tire Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global OTR Tire Market, by Industry Type

5.1. Market Snapshot

5.2. Global OTR Tire Market by Industry Type, Performance - Potential Analysis

5.3. Global OTR Tire Market Estimates & Forecasts by Industry Type 2016-2026 (USD Billion)

5.4. OTR Tire Market, Sub Segment Analysis

5.4.1. Construction & Mining

5.4.2. Agricultural

5.4.3. Industrial

Chapter 6. Global OTR Tire Market, by Sales Channel

6.1. Market Snapshot

6.2. Global OTR Tire Market by Sales Channel, Performance - Potential Analysis

6.3. Global OTR Tire Market Estimates & Forecasts by Sales Channel 2016-2026 (USD Billion)

6.4. OTR Tire Market, Sub Segment Analysis

6.4.1. OEM

6.4.2. Aftermarket

Chapter 7. Global OTR Tire Market, by Rim Size

7.1. Market Snapshot

7.2. Global OTR Tire Market by Sales Channel, Performance - Potential Analysis

7.3. Global OTR Tire Market Estimates & Forecasts by Sales Channel 2016-2026 (USD Billion)

7.4. OTR Tire Market, Sub Segment Analysis

7.4.1. <25”

7.4.2. 29”-49”

7.4.3. 51”-63”

Chapter 8. Global OTR Tire Market, Regional Analysis

8.1. OTR Tire Market, Regional Market Snapshot

8.2. North America OTR Tire Market

8.2.1. U.S. OTR Tire Market

8.2.1.1. Industry Type breakdown estimates & forecasts, 2016-2026

8.2.1.2. Sales Channel breakdown estimates & forecasts, 2016-2026

8.2.1.3. Rim Size breakdown estimates & forecasts, 2016-2026

8.2.2. Canada OTR Tire Market

8.3. Europe OTR Tire Market Snapshot

8.3.1. U.K. OTR Tire Market

8.3.2. Germany OTR Tire Market

8.3.3. Rest of Europe OTR Tire Market

8.4. Asia-Pacific OTR Tire Market Snapshot

8.4.1. China OTR Tire Market

8.4.2. India OTR Tire Market

8.4.3. Japan OTR Tire Market

8.4.4. Rest of Asia Pacific OTR Tire Market

8.5. Latin America OTR Tire Market Snapshot

8.5.1. Brazil OTR Tire Market

8.5.2. Mexico OTR Tire Market

8.6. Rest of The World OTR Tire Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Bridgestone Corporation

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Yokohama Tire Corporation

9.2.3. Continental AG

9.2.4. MICHELIN

9.2.5. Sumitomo Rubber Industries, Ltd

9.2.6. Nokian Tyres

9.2.7. Apollo Tyres Ltd

9.2.8. China National Tire & Rubber Co, Ltd

9.2.9. Titan International, Inc.

9.2.10. Madras Rubber Factory (MRF)

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL OTR TIRE MARKET

TABLE 2. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL OTR TIRE MARKET

TABLE 3. GLOBAL OTR TIRE MARKET, REPORT SCOPE

TABLE 4. YEARS CONSIDERED FOR THE STUDY

TABLE 5. EXCHANGE RATES CONSIDERED

TABLE 6. GLOBAL OTR TIRE MARKET ESTIMATES & FORECASTS BY REGION 2016-2026 (USD BILLION)

TABLE 7. GLOBAL OTR TIRE MARKET ESTIMATES & FORECASTS BY INDUSTRY TYPE 2016-2026 (USD BILLION)

TABLE 8. GLOBAL OTR TIRE MARKET ESTIMATES & FORECASTS BY SALES CHANNEL 2016-2026 (USD BILLION)

TABLE 9. GLOBAL OTR TIRE MARKET ESTIMATES & FORECASTS BY RIM SIZE 2016-2026 (USD BILLION)

TABLE 10. GLOBAL OTR TIRE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 11. GLOBAL OTR TIRE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 12. GLOBAL OTR TIRE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 13. GLOBAL OTR TIRE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 14. GLOBAL OTR TIRE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 15. GLOBAL OTR TIRE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 16. GLOBAL OTR TIRE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 17. GLOBAL OTR TIRE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 18. GLOBAL OTR TIRE MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 19. GLOBAL OTR TIRE MARKET BY REGION, ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 20. U.S. OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 21. U.S. OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 22. U.S. OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 23. CANADA OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 24. CANADA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 25. CANADA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 26. UK OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 27. UK OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 28. UK OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 29. GERMANY OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 30. GERMANY OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 31. GERMANY OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 32. ROE OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 33. ROE OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 34. ROE OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 35. CHINA OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 36. CHINA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 37. CHINA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 38. INDIA OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 39. INDIA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 40. INDIA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 41. JAPAN OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 42. JAPAN OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 43. JAPAN OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 44. ROAPAC OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 45. ROAPAC OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 46. ROAPAC OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 47. BRAZIL OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 48. BRAZIL OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 49. BRAZIL OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 50. MEXICO OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 51. MEXICO OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 52. MEXICO OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 53. ROLA OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 54. ROLA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 55. ROLA OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 56. ROW OTR TIRE MARKET ESTIMATES & FORECASTS, 2016-2026 (USD BILLION)

TABLE 57. ROW OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

TABLE 58. ROW OTR TIRE MARKET ESTIMATES & FORECASTS BY SEGMENT 2016-2026 (USD BILLION)

 
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