OTR Tires Market Report 2026

The otr tires market size has grown strongly in recent years. It will grow from $10.06 billion in 2025 to $10.65 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth of mining activities, expansion of construction projects, mechanization of agriculture, demand for heavy equipment, infrastructure development.

The otr tires market size is expected to see strong growth in the next few years. It will grow to $13.16 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increase in large scale mining operations, growth in smart construction equipment, demand for cost efficient tire lifecycle, expansion of autonomous heavy vehicles, investment in infrastructure. Major trends in the forecast period include rising demand for high load bearing tires, growing adoption of radial otr tires, increasing focus on tire durability and lifespan, expansion of large rim size applications, improvement in heat and wear resistance.

Rising infrastructure investment is expected to drive the OTR tire market during the forecast period. Rapid urbanization and improving living standards are increasing the demand for investments in buildings, roads, bridges, dams, and urban infrastructure, including shopping malls, airports, and hotels. Such projects require heavy-duty vehicles, such as construction equipment and mining trucks, which rely on OTR tires. For instance, in July 2025, according to the Office for National Statistics, a UK-based national statistical authority, government spending on infrastructure rose in 2024 to £28.9 billion (US$ 38.3 billion) in current prices, about 2.2% higher than the previous year. This rise in infrastructure investment is expected to propel growth in the OTR tires market.

Major companies in the OTR tires market are focusing on developing innovative technologies such as advanced OTR tires to enhance durability, performance, and load-handling efficiency. Advanced OTR tires are engineered with improved tread compounds, deeper tread patterns, and reinforced construction to provide higher load-carrying capacity, longer tread life, better traction, and enhanced ride stability in challenging off-road conditions. For instance, in March 2024, Goodyear, a US-based tire manufacturer, launched the RL-5K OTR tire, a three-star load-capacity rated advanced OTR tire designed for heavy-duty loaders and wheel dozers to withstand tough operational conditions. The tire’s robust structure improves durability and performance, offering enhanced stability, cut resistance, and operational efficiency.

In February 2025, The Yokohama Rubber Company Ltd., a Japan-based tire manufacturer, completed the acquisition of the off-the-road (OTR) tire business of The Goodyear Tire and Rubber Company for US$ 905 million. Through this acquisition, Yokohama aimed to expand its global off-highway, mining, and construction tire portfolio by integrating Goodyear’s established OTR business, which includes tires for mining, construction, quarry, port, and industrial applications. This move enhances Yokohama’s production capacity, broadens its product range from small to ultra-large tires, and increases its market share in the global off-highway tire segment. The Goodyear Tire and Rubber Company, a US-based manufacturer, specializes in providing a comprehensive range of OTR tires for heavy-duty applications.

Major companies operating in the otr tires market report include The Goodyear Tire & Rubber Company, The Yokohama Rubber Co Ltd, Michelin, Continental AG, Bridgestone Corporation, Triangle Tyre Co., Ltd, Apollo Tyres Ltd, Sumitomo Rubber Industries, Ltd, Balkrishna Industries Limited, Aeolus Tyre Co., Ltd, Toyo Tires, Sailun Group, JK Tyre & Industries Ltd, MRF, Tianjin International United Tire & Rubber Co Ltd, Prometeon Tyre Group S.R. L, Metro Exporters Private Limited, CEAT Ltd, GS Tyres GRI, Barum (company), Pirelli Tyre Russia Limited Liability Company, Cooper Tire & Rubber Company, Titan, Kal tire, Camso, Waterville TG, Uniroyal, Polycorp, Nexen Tire, Trelleborg, Fate Tire, Rodaco, Rct Tyre, Gomería GMC, Al Rashed Tires, BLATCO Company, Alliance Tyres, Rallyance Ltd.

Asia-Pacific was the largest region in the OTR tires market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the otr tires market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the otr tires market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The OTR tires market consists of sales of compactor, grader, earthmoving, loader, and bulldozer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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