Learn about the global OTR tyre market through The Business Research Company, which provides information on OTR tyre market size, OTR tyre market drivers and restraints, OTR tyre market players, the COVID-19 impact on the OTR tyre market, and more.

The global OTR tires market size is expected to grow from $13.14 billion in 2021 to $14.62 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The global OTR tyres market size is expected to grow to $20.17 billion in 2026 at a CAGR of 8.4%.

The use of agricultural machines in day-to-day activity is expected to propel the growth of the OTR tires market going forward.

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The OTR tires market consists of the sales of OTR Tires by entities (manufacturers, sole traders, and partnerships) that are used for heavy-duty vehicles such as rigid dump trucks, loaders, reach stackers, various other types of specialty vehicles in ports, construction sites, and surface or underground mining. OTR Tire market caters to the needs of industries and establishments such as agriculture, mining, and quarrying, construction. These are designed for vehicles that frequently travel on difficult terrain, the tires are used to support large amounts of weight to guide the vehicles through challenging conditions.

Global OTR Tyre Market Segments Include:

By Type: Radial Tires, Bias Tires, Solid Tires, Others

By Process: Pre-Cure, Mold Cure

By Vehicle Type: Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors, Forklifts

By Sales Channel: Original Equipment Manufacturer, Aftermarket

By End-User: Construction and Mining, Industrial, Agricultural, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia pacific was the largest region in the OTR tire market in 2021.

The new product innovations have emerged as a key trend gaining popularity in the OTR tires market. Product innovations including tires that provide improved tread wear and increased comfort to the driver are gaining popularity in the market.

TBRC’s OTR Tyre Market Report Covers:

Major Market Players: Yokohama Rubber Company, JK Tyre & Industries Ltd, Goodyear Tire and Rubber Company, Michelin, Pirelli, Continental AG, Bridgestone, Sumitomo, MRF, Apollo Tyres Ltd., Kumho Tire, Prometeon Tyre Group S.R.L., Hankook Tyre Co. Ltd., Metro Exporters Private Limited, and CEAT Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The OTR Tyre Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides OTR tyre market overviews, analyzes and forecasts market size, share, OTR tyre market players, OTR tyre market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s OTR tyre market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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