Off the Road Tire Market

Global Off the Road Tire Market Size, Trends & Analysis - Forecasts to 2027 By Tire Type (Radial, Bias, Solid), By Application (Construction, Agriculture, Mining), By Sales Channel (Aftermarket, OEM), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East & Africa), End-User Landscape Analysis, Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on November 16 2024 with the latest and most recent market numbers

Global Off the Road Tire Market Industry Statistics

The Global Off the Road Tire Market is projected to grow from USD 4.9 billion in 2022 to USD 16.4 billion in 2027 at a CAGR of 5.4% from 2022 to 2027.

Off the Road Tire market is expected to grow rapidly during the forecast period of 2022-2027. Off the road tires are more appropriate for rough surfaces like mud and sand which provide deep intersection with the ground, rolling resistance, and more friction while driving. Off the road tires are extremely important for hilly regions with rocky patches and the tire’s broad width is one of the key market drivers.

global off the road tire market

Global Off the Road Tire Market Insights

The major drivers of off the road tire market are increased disposable income of developing countries, and demand for tires required in agricultural and mining activities. Agriculture is a sector with a high number of employees in developing countries. Due to this, there is an increased demand for medium to large-sized tractors which use off the road tires. Due to a steady increase in agriculture activity, there will be significant market growth in the forecast period. Market intelligence reports within the agriculture industry have shown an increase in demand for off the road tires from new types of equipment being used in agricultural applications.

The major restraints in the global off the road tire market include low financial investment for research and development. Due to the lockdown, many shipping and transportation business have stopped their supply chain. This increases the price of off the road tires. The road tire industry has seen demand fall during the pandemic owing to lowered mobility and transportation demands.

Global Off the Road Tire Outlook-2027

Mining companies need off the road tires for processing, transporting, and making hand-offs of products. They need off the road tires as they offer durability, effectiveness, and sturdiness. The increasing demand for tires in mining activities is one of the major drivers of the road tire market.

Increasing construction activities like excavation, welding, marking & grading need heavy rollers and machinery. They use different types of off the road tires. This is another key factor that drives the market.

Off the Road Tire Market COVID-19 Impact

The COVID-19 pandemic affected the global off the road tire market significantly. Due to lockdowns in various regions, construction and industrial activities were stopped for a longer period of time. This also increased the prices of raw materials along with disruptions in supply chain management. Several manufacturing companies were facing production delays. Tire manufacturers picked up the pace post-pandemic when the automotive industry resumed its sales in different vehicle types. Furthermore, there is adequate infrastructural development in emerging economies and due to this, the off the road tire market will boost its revenue during the forecast period of 2022-2027.

Ukraine-Russia War Impact on Off the Road Tire Market

The crisis between Russia and Ukraine does have a significant impact on the demand of off the road tire market. This is due to an increase in prices of raw materials, transportation and production delays. Few manufacturing companies in Russia have closed their businesses temporarily and this disrupts the supply chain management in Europe. In March 2021, Nokian Tyres moved their production from Ukraine due to instability in trade. Bridgestone Corporations have halted exports from Russia causing shipping surcharges in other regions of Europe. Furthermore, the ongoing war has created instability between firms in other regions of Europe and Ukraine.

Global Off the Road Tire Market Segmentation: By Tire Type

The radial tire segment is expected to have the largest share in the global off the road tire market during the forecast period of 2022-2027. Radial tires provide high traction, and deep threads and use less fuel. They also provide floatation and this produces less heat. Hence, considering these advantages corrugated boxes segment is expected to have the largest share.

The bias tire segment is expected to grow the fastest. They are available at low cost and have high or medium loading capacity. These tires are perfect for small industrial developments and this boosts the OTR tire market.

Global Off the Road Tire Market Segmentation: By Application

The construction segment is expected to witness the largest share in the global off the road tire market during the forecast period of 2022-2027. Modern off the road tires have high resistance and are energy efficient. This is a major driver as they can work in different terrains. These tires can work for a longer duration and thus they are also cost-effective

The agriculture segment is expected to grow the fastest during 2022-2027. Increased demand for agriculture tractors especially in developing countries is one of the driving factors of the application segment. These tires provide deep traction on different surfaces and due to this, there is more ground stability. Rapid development and the need for highly efficient machinery are proving to drive the market during the forecast period.

Global Off the Road Tire Market Segmentation: By Sales Channel

The aftermarket segment is expected to witness the largest share in the global off the road tire market during the forecast period of 2022-2027. Tires need replacement especially in the construction and mining sector after a period of time. They also need timely servicing and maintenance. Due to these reasons, the aftermarket segment is driving the market in the forecast period.

The OEM segment is expected to grow the fastest during 2022-2027. With the increase in sales of agriculture tractors, mining equipment, bulldozers, and utility vehicles the OEM segment is expected to drive the market. The OEMs are installed when the product is new and hence have longer durability.

asia pacific off the road tire market

Global Off the Road Tire Market: By Region

The North America segment is expected to witness the largest share in the global off the road tire market during the forecast period of 2022-2027. An increase in research and development, construction activities, and infrastructural development has benefited the off the road tire market in North America.

Asia-Pacific is expected to grow the fastest during 2022-2027. Many regions are expanding the manufacturing sectors and this requires industrial development. This also increases construction activities and thus the Asia-Pacific market is attracting foreign direct investment and is encouraging companies to build a stronger base in developing countries.

Global Off the Road Tire Market Competitive Landscape

The market in the United States has increased construction activities. Heavy machines are needed to carry out the operations such as bouldering and grading. Here, off the road tires are used in different types of equipment such as graders, dozers, etc. This drives the market significantly throughout the forecast period.

The markets in India, China, South Korea, and Japan are growing in terms of agriculture and mining activities. China is increasing its consumer base and growing economy like India has increased its capacity to receive shipments and export more agricultural goods.

The Middle East and Africa market is expected to achieve a significant market revenue due to developing public infrastructure, mining activities need for mining equipment in Saudi Arabia and Tanzania.

Global Off the Road Tire Market Key Players

Bridgestone Corporation, Goodyear, Apollo Tyres, Michelin, Toyo Tire Corp., Continental AG, Titan, Yokohama, Nokian Tyres, and Triangle Group, among others, are key players in the off the road tire market.

Please note: This is not an exhaustive list of companies profiled in the report.

The global off the road tire market has observed several strategic alliances between company profiles to launch new products with added functionalities and maintain revenue share & profitability. Organic and inorganic growth strategies adopted by small players have been the highlight of this market.

Global Off the Road Tire Market Recent Developments

In 2019, the Bridgestone Corporation launched off the road tire in the motorcycle segment.
In March 2021, Yokohama launched new tires significantly for the mining industry.

Chapter 1 Research Methodology

1.1 Research Assumptions

1.2 Research Methodology

1.2.1 Estimates and Forecast Timeline

1.3 Information Procurement

1.3.1 Purchased Database

1.3.2 GME’s Internal Database

1.3.3 Primary Research

1.3.4 Secondary Sources & Third-Party Perspectives

1.3.4.1 Company Information Sources

1.3.4.2 Secondary Data Sources

1.4 Information or Data Analysis

1.4.1 Data Analysis Models

1.5 Market Formulation & Data Visualization

1.6 Data Validation & Publishing

1.7 Market Model

1.7.1 Model Details

1.7.1.1 Top-Down Approach

1.7.1.2 Bottom-Up Approach

1.8 Market Segmentation & Scope

1.9 Market Definition

Chapter 2 Executive Summary

2.1 Global Market Outlook

2.2 Tire Type Outlook

2.3 Sales Channel Type Outlook

2.4 Application Outlook

2.5 Regional Outlook

Chapter 3 Global Off the Road Tire Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Off the Road Tire Market

3.4 Metric Data based on the industry

3.5 Market Dynamic Analysis

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6 Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4 Off the Road Tire Market: Tire Type Trend Analysis

4.1 Tire Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2 Radial

4.2.1 Market Estimates & Forecast Analysis of Radial Segment, By Region, 2019-2027 (USD Billion)

4.3 Bias

4.3.1 Market Estimates & Forecast Analysis of Bias Segment, By Region, 2019-2027 (USD Billion)

4.4 Solid

4.3.1 Market Estimates & Forecast Analysis of Solid Segment, By Region, 2019-2027 (USD Billion)

Chapter 5 Off the Road Tire Market: By Application Trend Analysis

5.1 By Application: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2 Construction

5.2.1 Market Estimates & Forecast Analysis of Construction, By Region, 2019-2027 (USD Billion)

5.3 Agriculture

5.3.1 Market Estimates & Forecast Analysis of Agriculture Market Segment, By Region, 2019-2027 (USD Billion)

5.4 Mining

5.4.1 Market Estimates & Forecast Analysis of Mining Segment, By Region, 2019-2027 (USD Billion)

Chapter 6 Off the Road Tire Market: Sales Channel Type Trend Analysis

6.1 Sales Channel Type: Historic Data vs. Forecast Data Analysis, 2022 vs. 2027

6.2 Aftermarket

6.2.1 Market Estimates & Forecast Analysis of Aftermarket Segment, By Region, 2019-2027 (USD Billion)

6.3 OEM

6.3.1 Market Estimates & Forecast Analysis of OEM Segment, By Region, 2019-2027 (USD Billion)

Chapter 7 Off the Road Tire Market, By Region

7.1 Regional Outlook

7.2 North America

7.2.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.2.2 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.2.3 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.2.4 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.2.5 U.S.

7.2.5.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.2.5.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.2.5.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.2.6 Canada

7.2.6.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.2.6.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.2.6.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.5.7 Mexico

7.5.5.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3 Europe

7.3.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.3.2 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.3 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.4 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.5.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.5.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.6 UK

7.3.6.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.6.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.6.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.7 France

7.3.7.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.7.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.7.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.8 Russia

7.3.8.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.8.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.8.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.9.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.9.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.11 Rest of Europe

7.3.11.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.11.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.11.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.4.2 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.4.3 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.4 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.4.5 China

7.4.5.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.4.5.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.5.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.4.6 India

7.4.6.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.4.6.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.6.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.4.7 Japan

7.4.7.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.4.7.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.7.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.4.8 Australia

7.4.8.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.4.8.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.8.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.4.9 South Korea

7.4.9.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.4.9.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.4.9.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.3.10 Rest of Asia Pacific

7.3.10.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.3.10.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.3.10.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.5 Central & South America

7.5.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.5.2 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.5.3 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.4 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.5.5 Brazil

7.5.5.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.5.5.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.5.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.5.6 Rest of Central & South America

7.5.6.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.5.6.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.6.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.6 Middle East & Africa

7.6.1 Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

7.6.2 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.6.3 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.4 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.6.5 Saudi Arabia

7.6.5.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.6.5.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.5.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.6.6 United Arab Emirates

7.6.6.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.6.6.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.6.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.6.7 South Africa

7.6.7.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.6.7.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.6.7.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

7.5.8 Rest of Middle East & Africa

7.5.8.1 Market Estimates & Forecast Analysis, By Tire Type, 2019-2027 (USD Billion)

7.5.8.2 Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

7.5.8.3 Market Estimates & Forecast Analysis, By Sales Channel Type, 2019-2027 (USD Billion)

Chapter 8 Competitive Analysis

8.1 Key Global Players, Recent Developments & their Impact on the Industry

8.2 Four Quadrant Competitor Positioning Matrix

8.2.1 Key Innovators

8.2.2 Market Leaders

8.2.3 Emerging Players

8.2.4 Market Challengers

8.3 Vendor Landscape Analysis

8.4 End-User Landscape Analysis

8.5 Company Market Share Analysis, 2021

Chapter 9 Company Profile Analysis

9.1 Bridgestone Corporation

9.1.1 Company Overview

9.1.2 Financial Analysis

9.1.3 Strategic Initiatives

9.1.4 Product Benchmarking

9.2 Goodyear

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Initiatives

9.2.4 Product Benchmarking

9.3 Apollo Tyres

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Initiatives

9.3.4 Product Benchmarking

9.4 Michelin

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Initiatives

9.4.4 Product Benchmarking

9.5 Toyo Tire Corp.

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Initiatives

9.5.4 Product Benchmarking

9.6 Continental AG

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Initiatives

9.6.4 Product Benchmarking

9.7 Yokohama

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Initiatives

9.7.4 Product Benchmarking

9.8 Nokian Tyres

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Initiatives

9.8.4 Product Benchmarking

9.9 Triangle Group

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Initiatives

9.9.4 Product Benchmarking

9.10 Other Companies

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Initiatives

9.10.4 Product Benchmarking

List of Tables

1 Technological Advancements in Off the Road Tire Market

2 Global Off the Road Tire Market: Key Market Drivers

3 Global Off the Road Tire Market: Key Market Challenges

4 Global Off the Road Tire Market: Key Market Opportunities

5 Global Off the Road Tire Market: Key Market Restraints

6 Global Off the Road Tire Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

8 Radial: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

9 Bias: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

10 Solid: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

11 Global Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

12 Construction: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

13 Mining: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

14 Agriculture: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

15 Global Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

16 Aftermarket: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

17 OEM: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

18 Regional Analysis: Global Off the Road Tire Market, By Region, 2019-2027 (USD Billion)

19 North America: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

20 North America: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

21 North America: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

22 North America: Off the Road Tire Market, By Country, 2019-2027 (USD Billion)

23 U.S: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

24 U.S: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

25 U.S: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

26 Canada: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

27 Canada: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

28 Canada: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

29 Mexico: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

30 Mexico: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

31 Mexico: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

32 Europe: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

33 Europe: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

34 Europe: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

35 Europe: Off the Road Tire Market, By Country, 2019-2027 (USD Billion)

36 Germany: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

37 Germany: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

38 Germany: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

39 UK: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

40 UK: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

41 UK: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

42 France: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

43 France: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

44 France: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

45 Italy: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

46 Italy: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

47 Italy: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

48 Spain: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

49 Spain: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

50 Spain: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

51 Rest Of Europe: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

52 Rest Of Europe: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

53 Rest Of Europe: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

54 Asia Pacific: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

55 Asia Pacific: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

56 Asia Pacific: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

57 Asia Pacific: Off the Road Tire Market, By Country, 2019-2027 (USD Billion)

58 China: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

59 China: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

60 China: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

61 India: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

62 India: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

63 India: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

64 Japan: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

65 Japan: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

66 Japan: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

67 South Korea: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

68 South Korea: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

69 South Korea: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

70 Middle East & Africa: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

71 Middle East & Africa: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

72 Middle East & Africa: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

73 Middle East & Africa: Off the Road Tire Market, By Country, 2019-2027 (USD Billion)

74 Saudi Arabia: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

75 Saudi Arabia: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

76 Saudi Arabia: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

77 UAE: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

78 UAE: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

79 UAE: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

80 Central & South America: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

81 Central & South America: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

82 Central & South America: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

83 Central & South America: Off the Road Tire Market, By Country, 2019-2027 (USD Billion)

84 Brazil: Off the Road Tire Market, By Tire Type, 2019-2027 (USD Billion)

85 Brazil: Off the Road Tire Market, By Application, 2019-2027 (USD Billion)

86 Brazil: Off the Road Tire Market, By Sales Channel Type, 2019-2027 (USD Billion)

87 Bridgestone Corporation: Tire Types Offered

88 Goodyear: Products Offered

89 Apollo Tyres: Products Offered

90 Michelin: Products Offered

91 Toyo Tire Corp.: Products Offered

92 Continental AG: Products Offered

93 Triangle Group: Products Offered

94 Yokohama: Products Offered

95 Nokian Tyres: Products Offered

96 Other Companies: Products Offered

List of Figures

1. Global Off the Road Tire Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Off the Road Tire Market: Penetration & Growth Prospect Mapping

7. Global Off the Road Tire Market: Value Chain Analysis

8. Global Off the Road Tire Market Drivers

9. Global Off the Road Tire Market Restraints

10. Global Off the Road Tire Market Opportunities

11. Global Off the Road Tire Market Challenges

12. Key Off the Road Tire Market Manufacturer Analysis

13. Global Off the Road Tire Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Bridgestone Corporation: Company Snapshot

16. Bridgestone Corporation: Swot Analysis

17. Goodyear: Company Snapshot

18. Goodyear: Swot Analysis

19. Apollo Tyres: Company Snapshot

20. Apollo Tyres: Swot Analysis

21. Michelin: Company Snapshot

22. Michelin: Swot Analysis

23. Toyo Tire Corp.: Company Snapshot

24. Toyo Tire Corp.: Swot Analysis

25. Triangle Group: Company Snapshot

26. Triangle Group: Swot Analysis

27. Yokohama: Company Snapshot

28. Yokohama: Swot Analysis

29. Nokian Tyres: Company Snapshot

30. Nokian Tyres: Swot Analysis

31. Continental AG: Company Snapshot

32. Continental AG: Swot Analysis

33. Other Companies: Company Snapshot

34. Other Companies: SWOT Analysis

The Global Off the Road Tire Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Off the Road Tire Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the Global Off the Road Tire market?

The Global Off the Road Tire Market is projected to grow from USD 4.9 billion in 2022 to USD 16.4 billion in 2027 at a CAGR of 5.4% from 2022 to 2027.

Who are the major vendors in the Off the Road Tire market?

What is the Covid-19 impact on future Off the Road Tire providers?

The COVID-19 pandemic affected the global off the road tire market significantly. Due to lockdowns in various regions, constructional and industrial activities were stopped for a longer period of time. This also increased the prices of raw material along with disruptions in the supply chain management. Several manufacturing companies were facing production delays. Tire manufacturers picked up the pace post pandemic when the automotive industry resumed their sales in different vehicle types. Furthermore, there is adequate infrastructural development in emerging economies and due to this the off the road tire market will boost its revenue during the forecast period of 2022-2027.

What are the major drivers in the Off the Road Tire market?

The major drivers of off the road tire market are increased disposable income of developing countries, demand for tires required in agricultural and mining activities. There is an increased demand for medium to large sized tractors which uses off the road tires. Due to steady increase in agriculture activity, there will be significant market growth in the forecast period. Increasing construction activities like excavation, welding, marking & grading needs heavy rollers and machinery. They use different types of off the road tires. This is another key factor which drives the market.

What is the impact of the Ukraine-Russia war on the Off the Road Tire sector?

The crisis between Russia and Ukraine do have a significant impact on the demand of off the road tire market. This is due to increase in prices of raw materials, transportation and production delays. Few manufacturing companies in Russia have closed their businesses temporarily and this disrupts the supply chain management in Europe. In March 2021, Nokian Tyres moved their production from Ukraine due to instability in trade. Bridgestone Corporations have halted exports from Russia causing shipping surcharges in other regions Europe. Furthermore, the on-going war has created instability between firms in other regions of Europe and Ukraine.