The North America OTR tire market size reached 455.9 Thousand Units in 2023. Looking forward, the publisher expects the market to reach 726.3 Thousand Units by 2032, exhibiting a growth rate (CAGR) of 5.31% during 2023-2032. The increasing renovation projects, rising demand for minerals, and the growing use of OTR tires in tractors represent some of the key factors driving the market.
Off-the-road (OTR) tire, also known as mud terrain tire, is manufactured using materials, such as natural or synthetic rubber, steel, carbon black, wire, vulcanization accelerator, and silica. It requires high air pressure to support heavy loads and prevent sidewall damages. It also involves specialized rims that are designed to handle their weight and size. It provides high power on unpaved surfaces, including gravel, mud, rock, and loose dirt. It assists in improving durability, enhancing vehicle performance, rolling resistance, reducing tread, and offering stability.
It is commonly used in various vehicles, such as all-terrain vehicles (ATVs), tractors, cranes, military trucks, wheel loaders, specialized purpose vehicles, and telescopic handlers. As it has a longer operational life, enhanced stability and reliability, and puncture resistance, the demand for OTR tire is escalating in ultra-high-performance vehicles across the North American region.
In addition, the increasing popularity of all-terrain vehicles (ATVs), such as dirt bikes, quads, and other off road vehicles, for various recreational activities and adventure sports is contributing to the market growth in the region. Apart from this, OTR tires are employed in haul trucks, loaders, drilling rigs, longwall machines, and shuttle vehicles of the mining industry on account of their numerous advantages, such as being capable of handling heavy loads, harsh operating conditions, and challenging terrains.
This, along with the growing demand for minerals, such as copper, iron, ore, and coal, is creating a positive outlook for the market in North America. Furthermore, the advent of OTR tires that are incorporated with sensors for monitoring tire pressure and temperature and minimizing the risk of potential hazards by providing real-time data analysis is bolstering the growth of the market in the region.
Some of the companies covered include Bridgestone Corporation, CMA, LLC, Continental AG, Cooper Tire & Rubber Company, Titan International, Inc., Michelin, Nokian Tyres plc, The Yokohama Rubber Co, Ltd., Toyo Tire Corporation, Trelleborg AB, Triangle Tyre Co., Ltd, Pirelli & C. S.p.A., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
2. What is the expected growth rate of the North America OTR tire market during 2024-2032?
3. What has been the impact of COVID-19 on the North America OTR tire market?
4. What are the key factors driving the North America OTR tire market?
5. What is the breakup of the North America OTR tire market based on the demand?
6. What is the breakup of the North America OTR tire market based on the tire size?
7. What is the breakup of the North America OTR tire market based on the tire type?
8. What is the breakup of the North America OTR tire market based on the vehicle type?
9. What are the key regions in the North America OTR tire market?
10. Who are the key players/companies in the North America OTR tire market?
Off-the-road (OTR) tire, also known as mud terrain tire, is manufactured using materials, such as natural or synthetic rubber, steel, carbon black, wire, vulcanization accelerator, and silica. It requires high air pressure to support heavy loads and prevent sidewall damages. It also involves specialized rims that are designed to handle their weight and size. It provides high power on unpaved surfaces, including gravel, mud, rock, and loose dirt. It assists in improving durability, enhancing vehicle performance, rolling resistance, reducing tread, and offering stability.
It is commonly used in various vehicles, such as all-terrain vehicles (ATVs), tractors, cranes, military trucks, wheel loaders, specialized purpose vehicles, and telescopic handlers. As it has a longer operational life, enhanced stability and reliability, and puncture resistance, the demand for OTR tire is escalating in ultra-high-performance vehicles across the North American region.
North America OTR Tire Market Trends:
There is an increase in the use of OTR tires in heavy equipment, such as bulldozers, excavators, and loaders. This, coupled with the rising number of remodeling and upgradation construction projects in residential and commercial areas, represents one of the major factors strengthening the market growth in the North American region. Moreover, the growing utilization of OTR tires in tractors, combines, sprayers, harvesters, and irrigation equipment for conducting farm-related activities like field plowing, weed controlling, animal handling, and material transporting is influencing the market positively.In addition, the increasing popularity of all-terrain vehicles (ATVs), such as dirt bikes, quads, and other off road vehicles, for various recreational activities and adventure sports is contributing to the market growth in the region. Apart from this, OTR tires are employed in haul trucks, loaders, drilling rigs, longwall machines, and shuttle vehicles of the mining industry on account of their numerous advantages, such as being capable of handling heavy loads, harsh operating conditions, and challenging terrains.
This, along with the growing demand for minerals, such as copper, iron, ore, and coal, is creating a positive outlook for the market in North America. Furthermore, the advent of OTR tires that are incorporated with sensors for monitoring tire pressure and temperature and minimizing the risk of potential hazards by providing real-time data analysis is bolstering the growth of the market in the region.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the North America OTR tire market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on demand, tire size, tire type, vehicle type and distribution channel.Demand Insights:
- Original Equipment Market
- Replacement Market
Tire Size Insights:
- Top Tire Sizes in 24’’-30’’
- Top Tire Sizes in 31’’-35’’
- Top Tire Sizes in 36’’-39’’
- Top Tire Sizes in 40’’-50’’
- Top Tire Sizes in 51’’-55’’
- Top Tire Sizes in 56’’-63’’
Tire Type Insights:
- Radial Tire
- Bias Tire
Vehicle Type Insights:
- Mining Vehicles
- Construction & Industrial Vehicles
- Agricultural Vehicles
- Others
Distribution Channel Insights:
- Offline
- Online
Country Insights:
- United States
- Canada
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the North America OTR tire market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.Some of the companies covered include Bridgestone Corporation, CMA, LLC, Continental AG, Cooper Tire & Rubber Company, Titan International, Inc., Michelin, Nokian Tyres plc, The Yokohama Rubber Co, Ltd., Toyo Tire Corporation, Trelleborg AB, Triangle Tyre Co., Ltd, Pirelli & C. S.p.A., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the North America OTR tire market in 2023?2. What is the expected growth rate of the North America OTR tire market during 2024-2032?
3. What has been the impact of COVID-19 on the North America OTR tire market?
4. What are the key factors driving the North America OTR tire market?
5. What is the breakup of the North America OTR tire market based on the demand?
6. What is the breakup of the North America OTR tire market based on the tire size?
7. What is the breakup of the North America OTR tire market based on the tire type?
8. What is the breakup of the North America OTR tire market based on the vehicle type?
9. What are the key regions in the North America OTR tire market?
10. Who are the key players/companies in the North America OTR tire market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 North America OTR Tire Market
6 Market Breakup by Demand
7 Market Breakup by Tire Size
8 Market Breakup by Tire Type
9 Market Breakup by Vehicle Type
10 Market Breakup by Distribution Channel
11 Market Breakup by Country
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bridgestone Corporation
- CMA LLC
- Continental AG
- Cooper Tire & Rubber Company
- Titan International Inc.
- Michelin
- Nokian Tyres plc
- The Yokohama Rubber Co LTD.
- Toyo Tire Corporation
- Trelleborg AB
- Triangle Tyre Co. Ltd
- Pirelli & C. S.p.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 126 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 455.9 Thousand Units |
| Forecasted Market Value by 2032 | 726.3 Thousand Units |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 12 |
