According to the North America OTR tire market report by IMARC Group, the market reached a volume of 405.0 thousand units in 2021, and it is projected to reach 580.7 thousand units by 2027, exhibiting a CAGR of 6.5% during 2022-2027.
Off-the-road (OTR) tires represent the deeply tramped tires that provide high traction over unlevelled surfaces, including mud, rock, loose dirt, gravel, etc. They are designed for usage across construction sites, ports, agricultural lands, mining areas, etc. Some of the commonly available off-the-road vehicles include wheel loaders, cranes, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, specialized purpose vehicles, etc. OTR tires provide good handling, high tread life, better durability, enhanced vehicular performance, optimum stability, reduced contact patch area, etc. Consequently, they find extensive applications in several sectors, such as mining, construction, recreation, agriculture, etc.
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North America OTR Tire Market Trends and Drivers:
The development of various infrastructural projects, including housing facilities, industrial complexes, road and railway networks, etc., is primarily driving the North America OTR tire market. Additionally, the increasing investments in the upgradation of commercial structures, such as bridges, highways, dams, power supply grids, etc., across numerous terrains are further catalyzing the market growth.
Besides this, the growing utilization of fully mechanized equipment for quarrying activities is acting as another significant growth-inducing factor. Moreover, the widespread adoption of cranes, forklifts, bulldozers, etc., to improve the safety and security of workers during heavy-duty construction activities is also propelling the demand for OTR tires in this region.
Apart from this, the introduction of advanced product variants that are integrated with sensor-based technologies for monitoring tire pressure as well as temperature and minimizing the risk of potential hazards by providing real-time data analysis is anticipated to fuel the North America OTR tire market over the forecasted period.
North America OTR Tire Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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OTR Tire Companies:
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, and Pirelli & C. S.p.A.
The report has segmented the market on the basis of region, demand, tire size, tire type, vehicle type and distribution channel.
Breakup by Demand:
- Original Equipment Market
- Replacement Market
Breakup by Tire Size:
- 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’’
Breakup by Tire Type:
- Radial Tire
- Bias Tire
Breakup by Vehicle Type:
- Mining Vehicles
- Construction & Industrial Vehicles
- Agricultural Vehicles
- Others
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Country:
- United States
- Canada
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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