Global OTR Tires Market Research Report 2022

OTR Tires (Off-the-road tires) are utilized for large-scale machinery at construction and mining and other sites with no roads. These tires mainly made with premium casings and durable compounds. Off-the-road tires offer substantial support for machinery used at various civil engineering sites, including ultra-large dump trucks, earth and gravel at mining and dam construction sites, bulldozers for earth removal and graders for road construction and snow removal.
Market Analysis and Insights: Global OTR Tires Market
Due to the COVID-19 pandemic, the global OTR Tires market size is estimated to be worth US$ 8927.6 million in 2022 and is forecast to a readjusted size of US$ 11040 million by 2028 with a CAGR of 3.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Radial Tire accounting for % of the OTR Tires global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Construction segment is altered to an % CAGR throughout this forecast period.
Michelin and Bridgestone are the top 2 players of OTR Tires, with about 46% market shares.
Global OTR Tires Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global OTR Tires Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Radial Tire
Bias Tire

Segment by Application
Construction
Mining
Others

By Company
Michelin
Bridgestone
Titan International
Goodyear
Yokohama
BKT
CHEMCHINA
Continental
Guizhou Tire
Doublestar Holdings Ltd.
Xingyuan Group
Apollo Tire
Triangle
Sailun
Linglong Tire
Fujian Haian Rubber
JK Tires
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina