North America Otr Tire Market 2022, Size, Share, Industry Growth, Trends, Analysis and Forecast by 2027

According to the latest report by IMARC Group, titled “North America OTR tire Market Growth, Size, Share, Industry Trends, Opportunity and Forecast 2022-2027“, the North America OTR tire market reached a volume of 405.0 thousand units in 2021. Looking forward, IMARC Group expects the market to reach 580.7 thousand units by 2027, exhibiting at a CAGR of 6.5% during 2022-2027.

Off-the-road (OTR) tires are deep treaded tires that provide high traction over unlevelled surfaces, including rock, mud, loose dirt, or gravel. These tires are employed in various off-the-road vehicles, including cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, and specialized purpose vehicles. OTR tires provide better durability, improved heat and rolling resistance, enhanced vehicular performance, easy mobility, optimum stability, and reduced contact patch area. As a result, they are widely adopted across construction, mining, recreation, and agriculture sectors in the North American region.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

North America OTR Tire Market Trends and Drivers:

The market is primarily driven by the expanding construction sector and the increasing development of numerous infrastructural projects, including housing facilities, industrial complexes, roads, and railway networks. In addition, the growing deployment of forklifts, cranes, and bulldozers for enhancing the safety and security of workers during heavy-duty construction activities represents another major growth-inducing factor.

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Besides this, the expanding mining industry and the extensive utilization of fully mechanized equipment is escalating the demand for OTR tires in mining and quarrying vehicles. Moreover, the market is also propelled by the growing adoption of integrated farm machinery for numerous labor-intensive tasks in the agriculture sector.

Furthermore, key players are introducing advanced product variants that are integrated with sensor-based technologies to monitor tire pressure and minimize the risk of potential hazards, which is expected to fuel the market growth in North America.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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.

 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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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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