글로벌 OTR 타이어 시장 규모, 점유율 및 COVID-19 영향 분석, 제품별(솔리드, 레이디얼, 바이어스 타이어, 비공압 타이어), 공정별(사전 경화, 금형 경화), 림 크기별(25”-30”, 29

글로벌 OTR 타이어 시장 규모 2033년까지 87억 1천만 달러 돌파                

Spherical Insights & Consulting에서 발행한 조사 보고서에 따르면, 글로벌 OTR 타이어 시장 규모는 2023년 46억 8천만 달러에서 2033년 87억 1천만 달러로 성장할 것으로 예상되며, 2023~2033년 예측 기간 동안 연평균 성장률은 6.41%일 것으로 예상됩니다.

" 글로벌 OTR 타이어 시장 규모, 점유율 및 COVID-19 영향 분석, 제품별(솔리드, 레이디얼, 바이어스 타이어, 비공압 타이어), 공정별(사전 경화, 몰드 경화), 림 크기별(25”-30”, 29"-41", 51"-63"), 최종 용도별(농업, 건설, 자재 취급, 광산, 기타), 지역별(북미, 유럽, 아시아 태평양, 라틴 아메리카, 중동 및 아프리카), 분석 및 예측 2023-2033" 보고서의 110개 시장 데이터 표와 수치 및 차트가 있는 200페이지에 걸쳐 있는 주요 산업 통찰력을 탐색하세요 .  

Growing number of Off-road (OTR) tires, often known as earthmover or heavy equipment tyres, are specially developed for vehicles and equipment used in a range of off-road applications. These tyres are designed to resist the hard weather and difficult terrains seen in construction, mining, agriculture, and industrial settings. Increasing need for construction equipment, agricultural tractors, mining equipment, and rapid infrastructure development in established and emerging economies are expected to drive up demand for off-the-road (OTR) tires over the projected period. Furthermore, increased demand for 4WD and AWD vehicles for a wide range of leisure activities is expected to boost market growth in the coming years. These tires provide better traction and rolling friction, which improves both safety and the driving experience. As a result, rising demand for driving safety on uneven roads is likely to boost market growth in the years ahead. However, due to the high cost of OTR tires, businesses can choose to extend the service life of tires, creating possible safety hazards and decreasing operating efficiency. Tires replacement cycles can be delayed or staggered in industries with low funds or experiencing economic volatility, affecting overall demand for new OTR tires.

The radial segment is expected to hold the largest share of the global OTR tires market during the anticipation timeframe.

Based on the product, the global OTR tires market is categorized into solid, radial, bias tire, and non-pneumatic tire. Among these, the radial segment is expected to hold the largest share of the global OTR tires market during the anticipation timeframe. Radial tyres have better performance and longevity, whereas bias-ply tyres have a lower initial cost, making them more tempting in regions where economic concerns are important in purchase decisions. This tendency is especially noticeable in emerging markets, where infrastructural development drives up demand for heavy machinery while financial constraints limit tyre options.

The pre-cure segment is expected to grow at the fastest CAGR during the anticipation timeframe.

Based on the process, the global OTR tires market is categorized into pre-cure, and mold cure. Among these, the pre-cure segment is expected to grow at the fastest CAGR during the anticipation timeframe. Pre-cure retreading requires high-quality carcasses. Precure retreading entails wrapping a new tread that has already been vulcanised (sulphur and heat treated) with the new tread pattern around the old tyre casing and splicing it using cushion gum. The tyre is subsequently placed in a curing room.

The 25”- 30” segment is expected to hold a significant share of the global OTR tires market during the anticipation timeframe.

Based on the rim size, the global OTR tires market is categorized into 25”- 30”, 29"-41", and 51"-63". Among these, the 25”- 30” segment is expected to hold a significant share of the global OTR tires market during the anticipation timeframe. The 25"-30" rim size also provides excellent grip, durability, and performance in difficult terrains, making it a popular choice among OTR tyre users. Furthermore, these rim-size OTR tyres provide a balance of manoeuvrability and weight. Because construction sites are filled with tight bends and obstacles, larger rim sizes provide increased weight while making equipment cumbersome. The 25"-30" size maintains an optimal stance while giving enough power to handle huge loads and agility to navigate complex places.

The agriculture segment is predicted to dominate the global OTR Tires market during the anticipation timeframe.

Based on the end user, the global OTR tires market is categorized into agriculture, construction, material handling, mining, others. Among these, the agriculture segment is predicted to dominate the global OTR tires market during the anticipation timeframe. The agriculture sector is quickly expanding in the OTR (Off-The-Road) tires market as a result of rising global population and food production requirements, which drive agricultural operations and lead to higher use of heavy machinery such as tractors. As farmers attempt to increase production and efficiency, there is a growing demand for durable tyres that can withstand the rigours of farming operations.

Asia Pacific is projected to hold the largest share of the global OTR tires market over the anticipation timeframe.

Asia Pacific is projected to hold the largest share of the global OTR tires market over the anticipation timeframe. Emerging economies such as China, India, Japan, and South Korea make significant contributions. With 173 found minerals and 163 proved deposits, China ranks third in terms of OTR tyre demand for construction and mining equipment, after the United States and Russia. As China pursues the Made in China 2025 goal and the economy expands, demand for minerals will increase even more.

Europe is expected to grow at the fastest CAGR growth of the global OTR tires market during the v anticipation timeframe. In response to Europe's rigorous environmental regulations, manufacturers produced ecologically friendly OTR tyres that use less gasoline and produce fewer emissions. The rising emphasis on environmental programmes and tires recycling has led to the development of recycled and renewable materials for tyre production.

Major vendors in the global OTR tires market are Techking Tires, JK Tire & Industries Ltd, Linglong Tire, Belshina, MRF Tires, Balkrishna Industries Limited, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Trelleborg Wheels System, Titan International Inc., Nokian Tires plc., Ceat, Magna Tires, The Carlstar Group, LLC., The Firestone Tire & Rubber Company, Continental AG, Bridgestone Corporation, Michelin, Apollo Tires Ltd., Double Coin Tire Group Ltd, Triangle Tire Co., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• On February 2023, The Goodyear Tire & Rubber Company has launched the RL-5K off-road (OTR) tyre, which has a three-star load capacity rating for heavy-duty loaders and wheel dozers. This new tyre is intended to improve the load carrying capacity of larger wheel loaders, featuring a deep tread for cut resistance and grip in difficult terrain. The RL-5K is Goodyear's most recent radial OTR tyre in the 45/65R45 size, designed to withstand the required air pressure for a 16% increase in load-carrying capacity over its predecessor.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global OTR tires market based on the below-mentioned segments: 

Global OTR Tires Market, By Product

• Solid
• Radial
• Bias Tire
• Non-Pneumatic Tire

Global OTR Tires Market, By Process

• Pre-Cure
• Mold Cure

Global OTR Tires Market, By Riz Size

• 25”–30"
• 29"-41"
• 51"-63"

Global OTR Tires Market, By End User

• Agriculture
• Construction
• Material Handling
• Mining
• Others

Global OTR Tires Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa