- October 22, 2019
- Category: automotive-material-components, Automotive, Logistics and Transportation
Global OTR(Off the road) Tires Tire Market Size study with COVID Impact, by Industry Type (Construction & Mining, Agricultural, Industrial), Sales Channel (OEM, Aftermarket), Rim Size (<25”, 29”-49”,51”-63”) and Regional Forecasts 2020-2026
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion) 1.2.1. OTR Tire Market, by Region, 2018-2026 (USD Billion) 1.2.2. OTR Tire Market, by Industry Type, 2018-2026 (USD Billion) 1.2.3. OTR Tire Market, by Sales Channel, 2018-2026 (USD Billion) 1.2.4. OTR Tire Market, by Rim Size, 2018-2026 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global OTR Tire Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global OTR Tire Market Dynamics 3.1. OTR Tire Market Impact Analysis (2018-2026) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global OTR Tire Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global OTR Tire Market, by Industry Type 5.1. Market Snapshot 5.2. Global OTR Tire Market by Industry Type, Performance - Potential Analysis 5.3. Global OTR Tire Market Estimates & Forecasts by Industry Type 2016-2026 (USD Billion) 5.4. OTR Tire Market, Sub Segment Analysis 5.4.1. Construction & Mining 5.4.2. Agricultural 5.4.3. Industrial Chapter 6. Global OTR Tire Market, by Sales Channel 6.1. Market Snapshot 6.2. Global OTR Tire Market by Sales Channel, Performance - Potential Analysis 6.3. Global OTR Tire Market Estimates & Forecasts by Sales Channel 2016-2026 (USD Billion) 6.4. OTR Tire Market, Sub Segment Analysis 6.4.1. OEM 6.4.2. Aftermarket Chapter 7. Global OTR Tire Market, by Rim Size 7.1. Market Snapshot 7.2. Global OTR Tire Market by Sales Channel, Performance - Potential Analysis 7.3. Global OTR Tire Market Estimates & Forecasts by Sales Channel 2016-2026 (USD Billion) 7.4. OTR Tire Market, Sub Segment Analysis 7.4.1. <25” 7.4.2. 29”-49” 7.4.3. 51”-63” Chapter 8. Global OTR Tire Market, Regional Analysis 8.1. OTR Tire Market, Regional Market Snapshot 8.2. North America OTR Tire Market 8.2.1. U.S. OTR Tire Market 220.127.116.11. Industry Type breakdown estimates & forecasts, 2016-2026 18.104.22.168. Sales Channel breakdown estimates & forecasts, 2016-2026 22.214.171.124. Rim Size breakdown estimates & forecasts, 2016-2026 8.2.2. Canada OTR Tire Market 8.3. Europe OTR Tire Market Snapshot 8.3.1. U.K. OTR Tire Market 8.3.2. Germany OTR Tire Market 8.3.3. Rest of Europe OTR Tire Market 8.4. Asia-Pacific OTR Tire Market Snapshot 8.4.1. China OTR Tire Market 8.4.2. India OTR Tire Market 8.4.3. Japan OTR Tire Market 8.4.4. Rest of Asia Pacific OTR Tire Market 8.5. Latin America OTR Tire Market Snapshot 8.5.1. Brazil OTR Tire Market 8.5.2. Mexico OTR Tire Market 8.6. Rest of The World OTR Tire Market Chapter 9. Competitive Intelligence 9.1. Top Market Strategies 9.2. Company Profiles 9.2.1. Bridgestone Corporation 126.96.36.199. Key Information 188.8.131.52. Overview 184.108.40.206. Financial (Subject to Data Availability) 220.127.116.11. Product Summary 18.104.22.168. Recent Developments 9.2.2. Yokohama Tire Corporation 9.2.3. Continental AG 9.2.4. MICHELIN 9.2.5. Sumitomo Rubber Industries, Ltd 9.2.6. Nokian Tyres 9.2.7. Apollo Tyres Ltd 9.2.8. China National Tire & Rubber Co, Ltd 9.2.9. Titan International, Inc. 9.2.10. Madras Rubber Factory (MRF) Chapter 10. Research Process 10.1. Research Process 10.1.1. Data Mining 10.1.2. Analysis 10.1.3. Market Estimation 10.1.4. Validation 10.1.5. Publishing 10.2. Research Attributes 10.3. Research Assumption
Global OTR Tire Market is valued approximately at USD 5.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.80% over the forecast period 2019-2026. The OTR(Off the road) tires are built to carry a massive amount of weight and are primarily equipped in the commercial and industrial vehicles. The OTR tire market is primarily driven owing to surging sales of off-highway vehicles, surging construction sector in both developed and developing countries, escalating utility of commercial vehicles along with government subsidies on agricultural equipment’s. However, the impact of Covid-19 has negatively impacted the transportation & logistics sector in both developed and developing countries which is anticipated to be a restraining factor for the surge and demand of OTR tires. The surging production of commercial vehicles is acting as a key driver towards the development and growth of OTR tire market. For Instance: According to the International Organization of Motor Vehicle Manufacturers, the production of commercial vehicles saw a surge of around 4.26% in the year 2017 from the year 2016. Around 23846003 units of commercial vehicles were produced in the year 2017 as compared to 72105435 units in the year 2016 on the global scenario. Also, China accounted for the largest production of commercial vehicles which accounted for 4208747 units in the year 2017 resulting into positively influencing the demand and utility of OTR tire market. However, the high cost of OTR Tires impedes the growth of the market over the forecast period of 2020-2026.
The regional analysis of global OTR Tire market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging construction sector which include both residential and commercial vehicles along with subsidies provided by federal government for agricultural equipment. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as surging sales of off-highway vehicles & commercial vehicles along with rising number of mining activities would create lucrative growth prospects for the OTR Tire market across Asia-Pacific region.
Major market player included in this report are:
Yokohama Tire Corporation
MICHELIN Sumitomo Rubber Industries Ltd
Apollo Tyres Ltd
China National Tire & Rubber Co, Ltd
Titan International Inc.
Madras Rubber Factory (MRF)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Industry Type:
Construction & Mining
By Sales Channel:
By Rim Size:
<25” 29”-49” 51”-63” By Region: North America U.S. Canada Europe UK Germany Asia Pacific China India Japan Latin America Brazil Mexico Rest of the World Furthermore, years considered for the study are as follows: Historical year – 2016, 2017, 2018 Base year – 20198 Forecast period – 2020 to 2026 Target Audience of the Global OTR Tire Market in Market Study: Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors