Off-the-Road Tire Market By Tyre Type, By Rim Size By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

Off-the-road-tire Market

The Off-the-road-tire market was valued at $6.28 billion in 2022 and is estimated to reach $11.6 billion by 2032, exhibiting a CAGR of 6.32% from 2023 to 2032.

Off-the-road tire is specifically designed for rugged and challenging off-road terrains. This tire is commonly found on heavy-duty vehicles and machinery utilized in construction, mining, agriculture, forestry, and various industrial settings. It serves as a crucial component in heavy machinery, supporting heavy loads while ensuring durability and longevity in harsh operational environments. The off-road tire is engineered to resist punctures and damage better than standard tires.

The global off-the-road-tire market is growing at a notable pace due to several factors, such as increase in aftermarket demand, rise in industrialization, and increase in farm mechanization. In recent years, there has been an increase in instances of farm mechanization due to scarce labor force, increase in labor wages, and surge in need to increase productivity in farms. Many developing nations across the globe are adopting farm modernization, which is anticipated to drive the market for off-the-road-tire market. For instance, India has been strongly focusing on farm mechanization in recent years due to rapid urbanization leading to a shrinking labor workforce. The shifting of worker preferences from agriculture to other industries contributes to labor deficits in agricultural operations.

However, factors such as the availability of low-cost tiers in the aftermarket and extreme weather conditions hinder the market growth. Nevertheless, advancements in off-the-road tires and implementation of emission regulations present lucrative prospects for the growth of the global off-the-road tire industry. For instance, on March 20, 2024, the new three-star RL-5K off-the-road tire was launched for large wheel loaders and wheel dozers. The new tire range is capable of withstanding high air pressure, which results in a 16% increase in load carrying capacity in heavy vehicles. The newly launched tire series has 250-level durable threads, which can deliver high traction during heavy loads.

Segmentation Overview

The global off-the-road-tire market is segmented into tire type, rim size, application, and region.

Depending on tire type, the global market is segregated into radial, bias, and solid. According to rim size, the market is classified into 14-24-inch, 25-30-inch, 31-50 inch, and above 50 inch. As per the application, it is categorized into construction & mining equipment, agriculture tractors, industrial equipment, and all-terrain vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By tire type, the bias segment held the highest market share in 2022.

Depending on rim size, the 25-30-inch segment acquired the largest market share in 2022.

According to the application, the industrial equipment segment was the major shareholder share in 2022.

Region wise, Asia-Pacific dominated the off-the-road-tire market in 2022.

Competitive Scenario

The major players operating in the off-the-road-tire market include Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Company, Pirelli, Titan International, Inc., The Yokohama Rubber Company, Nokian Tyres Plc., CEAT Tyres, and Magna Tyres. Other players include The?Carlster Group, Triangle Tire, Apollo Tyres, Double Coin Tires, and Belshina OTR Tires. These players have adopted several strategies, including mergers & acquisitions, partnerships, collaborations, new product development & innovation, and marketing & advertising to sustain their position in the competitive market.

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Upcoming/New Entrant by Regions
Go To Market Strategy
SWOT Analysis

Key Market Segments

By Tyre Type

Radial
Bias
Solid

By Rim Size

14-24 Inch
25-30 Inch
31-50 Inch
Above 50 Inch

By Application

Construction and Mining Equipment
Agriculture Tractors
Industrial Equipment
All-Terrain Vehicles

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA

Key Market Players:

Continental AG
Bridgestone Corporation
Michelin
The Goodyear Tire & Rubber Company
Pirelli
Titan International, Inc.
The Yokohama Rubber Company
Nokian Tyres plc.
CEAT Tyres
Magna Tyres

Product Code: A07147

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: OFF-THE-ROAD TIRE MARKET, BY TYRE TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Tire Type
4.2. Radial
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Bias
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Solid
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: OFF-THE-ROAD TIRE MARKET, BY RIM SIZE

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Rim Size
5.2. 14-24 Inch
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. 25-30 Inch
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. 31-50 Inch
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Above 50 Inch
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country

CHAPTER 6: OFF-THE-ROAD TIRE MARKET, BY APPLICATION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Application
6.2. Construction And Mining Equipment
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Agriculture Tractors
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Industrial Equipment
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. All-Terrain Vehicles
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country

CHAPTER 7: OFF-THE-ROAD TIRE MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Tire Type
- 7.2.3. Market Size and Forecast, By Rim Size
- 7.2.4. Market Size and Forecast, By Application
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. off-the-Road Tire Market
  - 7.2.6.1. Market Size and Forecast, By Tire Type
  - 7.2.6.2. Market Size and Forecast, By Rim Size
  - 7.2.6.3. Market Size and Forecast, By Application
- 7.2.7. Canada off-the-Road Tire Market
  - 7.2.7.1. Market Size and Forecast, By Tire Type
  - 7.2.7.2. Market Size and Forecast, By Rim Size
  - 7.2.7.3. Market Size and Forecast, By Application
- 7.2.8. Mexico off-the-Road Tire Market
  - 7.2.8.1. Market Size and Forecast, By Tire Type
  - 7.2.8.2. Market Size and Forecast, By Rim Size
  - 7.2.8.3. Market Size and Forecast, By Application
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Tire Type
- 7.3.3. Market Size and Forecast, By Rim Size
- 7.3.4. Market Size and Forecast, By Application
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France off-the-Road Tire Market
  - 7.3.6.1. Market Size and Forecast, By Tire Type
  - 7.3.6.2. Market Size and Forecast, By Rim Size
  - 7.3.6.3. Market Size and Forecast, By Application
- 7.3.7. Germany off-the-Road Tire Market
  - 7.3.7.1. Market Size and Forecast, By Tire Type
  - 7.3.7.2. Market Size and Forecast, By Rim Size
  - 7.3.7.3. Market Size and Forecast, By Application
- 7.3.8. Italy off-the-Road Tire Market
  - 7.3.8.1. Market Size and Forecast, By Tire Type
  - 7.3.8.2. Market Size and Forecast, By Rim Size
  - 7.3.8.3. Market Size and Forecast, By Application
- 7.3.9. Spain off-the-Road Tire Market
  - 7.3.9.1. Market Size and Forecast, By Tire Type
  - 7.3.9.2. Market Size and Forecast, By Rim Size
  - 7.3.9.3. Market Size and Forecast, By Application
- 7.3.10. UK off-the-Road Tire Market
  - 7.3.10.1. Market Size and Forecast, By Tire Type
  - 7.3.10.2. Market Size and Forecast, By Rim Size
  - 7.3.10.3. Market Size and Forecast, By Application
- 7.3.11. Russia off-the-Road Tire Market
  - 7.3.11.1. Market Size and Forecast, By Tire Type
  - 7.3.11.2. Market Size and Forecast, By Rim Size
  - 7.3.11.3. Market Size and Forecast, By Application
- 7.3.12. Rest of Europe off-the-Road Tire Market
  - 7.3.12.1. Market Size and Forecast, By Tire Type
  - 7.3.12.2. Market Size and Forecast, By Rim Size
  - 7.3.12.3. Market Size and Forecast, By Application
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Tire Type
- 7.4.3. Market Size and Forecast, By Rim Size
- 7.4.4. Market Size and Forecast, By Application
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China off-the-Road Tire Market
  - 7.4.6.1. Market Size and Forecast, By Tire Type
  - 7.4.6.2. Market Size and Forecast, By Rim Size
  - 7.4.6.3. Market Size and Forecast, By Application
- 7.4.7. Japan off-the-Road Tire Market
  - 7.4.7.1. Market Size and Forecast, By Tire Type
  - 7.4.7.2. Market Size and Forecast, By Rim Size
  - 7.4.7.3. Market Size and Forecast, By Application
- 7.4.8. India off-the-Road Tire Market
  - 7.4.8.1. Market Size and Forecast, By Tire Type
  - 7.4.8.2. Market Size and Forecast, By Rim Size
  - 7.4.8.3. Market Size and Forecast, By Application
- 7.4.9. South Korea off-the-Road Tire Market
  - 7.4.9.1. Market Size and Forecast, By Tire Type
  - 7.4.9.2. Market Size and Forecast, By Rim Size
  - 7.4.9.3. Market Size and Forecast, By Application
- 7.4.10. Australia off-the-Road Tire Market
  - 7.4.10.1. Market Size and Forecast, By Tire Type
  - 7.4.10.2. Market Size and Forecast, By Rim Size
  - 7.4.10.3. Market Size and Forecast, By Application
- 7.4.11. Thailand off-the-Road Tire Market
  - 7.4.11.1. Market Size and Forecast, By Tire Type
  - 7.4.11.2. Market Size and Forecast, By Rim Size
  - 7.4.11.3. Market Size and Forecast, By Application
- 7.4.12. Malaysia off-the-Road Tire Market
  - 7.4.12.1. Market Size and Forecast, By Tire Type
  - 7.4.12.2. Market Size and Forecast, By Rim Size
  - 7.4.12.3. Market Size and Forecast, By Application
- 7.4.13. Indonesia off-the-Road Tire Market
  - 7.4.13.1. Market Size and Forecast, By Tire Type
  - 7.4.13.2. Market Size and Forecast, By Rim Size
  - 7.4.13.3. Market Size and Forecast, By Application
- 7.4.14. Rest of Asia-Pacific off-the-Road Tire Market
  - 7.4.14.1. Market Size and Forecast, By Tire Type
  - 7.4.14.2. Market Size and Forecast, By Rim Size
  - 7.4.14.3. Market Size and Forecast, By Application
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Tire Type
- 7.5.3. Market Size and Forecast, By Rim Size
- 7.5.4. Market Size and Forecast, By Application
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil off-the-Road Tire Market
  - 7.5.6.1. Market Size and Forecast, By Tire Type
  - 7.5.6.2. Market Size and Forecast, By Rim Size
  - 7.5.6.3. Market Size and Forecast, By Application
- 7.5.7. South Africa off-the-Road Tire Market
  - 7.5.7.1. Market Size and Forecast, By Tire Type
  - 7.5.7.2. Market Size and Forecast, By Rim Size
  - 7.5.7.3. Market Size and Forecast, By Application
- 7.5.8. Saudi Arabia off-the-Road Tire Market
  - 7.5.8.1. Market Size and Forecast, By Tire Type
  - 7.5.8.2. Market Size and Forecast, By Rim Size
  - 7.5.8.3. Market Size and Forecast, By Application
- 7.5.9. UAE off-the-Road Tire Market
  - 7.5.9.1. Market Size and Forecast, By Tire Type
  - 7.5.9.2. Market Size and Forecast, By Rim Size
  - 7.5.9.3. Market Size and Forecast, By Application
- 7.5.10. Argentina off-the-Road Tire Market
  - 7.5.10.1. Market Size and Forecast, By Tire Type
  - 7.5.10.2. Market Size and Forecast, By Rim Size
  - 7.5.10.3. Market Size and Forecast, By Application
- 7.5.11. Rest of LAMEA off-the-Road Tire Market
  - 7.5.11.1. Market Size and Forecast, By Tire Type
  - 7.5.11.2. Market Size and Forecast, By Rim Size
  - 7.5.11.3. Market Size and Forecast, By Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Continental AG
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Bridgestone Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Michelin
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. The Goodyear Tire And Rubber Company
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Pirelli
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Titan International, Inc.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. The Yokohama Rubber Company
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Nokian Tyres Plc.
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. CEAT Tyres
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Magna Tyres
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments