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Europe Off-The-Road Tire Market to Grow at a CAGR of 4.57% During 2022-2027, Propelled by the Rising Development of Numerous Infrastructural Projects

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Europe Off-the-Road (OTR) Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The Europe off-the-road (OTR) tire market is expected to exhibit a CAGR of 4.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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

Europe Off-the-Road Tire Market Trends:

In Europe, the increasing development of various infrastructural projects, including the construction of road & railway networks, housing facilities, industrial complexes, etc., is primarily driving the OTR tire market. In line with this, the continuous upgradation of numerous commercial structures, such as bridges, dams, highways, power supply grids, etc., across diverse geographical locations is also propelling the market growth. Additionally, the expanding mining sector has led to the growing demand for large haul trucks in numerous mining and quarrying applications. Furthermore, the European market is also catalyzed by the increasing prominence of radial OTR tires that offer several benefits, such as better mileage, lesser fuel consumption, improved road grip, etc. Besides this, a significant growth in the agriculture sector along with the rising adoption of farm mechanization trends is further augmenting the market growth. Moreover, the introduction of numerous government policies for ensuring labor safety across heavy-duty industries is also propelling the demand for forklifts, cranes, backhoes, bulldozers, etc. In the coming years, the growing integration of OTR tires with several advanced technologies, such as tire pressure and temperature monitoring systems, cut and chip resistance sensors, real-time data analysis systems, etc., will continue to bolster the market growth across Europe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe off-the-road (OTR) tire market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, tire type, end use, distribution channel and rim size.

Breakup by Vehicle Type:

  • Mining Vehicles
  • Construction & Industrial Vehicles
  • Agricultural Vehicles
  • Others
     

Breakup by Tire Type:

  • Radial Tire
  • Bias Tire
     

Breakup by End Use:

  • OEM
  • Replacement
     

Breakup by Distribution Channel:

  • Online
  • Offline
     

Breakup by Rim Size:

  • Below 24 inches
  • 24-30 inches
  • 31-35 inches
  • 36-39 inches
  • 40-50 inches
  • 51-55 inches
  • Above 56 inches
     

Breakup by Country:

  • Germany
  • France
  • Russia
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Balkrishna Industries Limited, Bridgestone Corporation, Continental AG, Double Coin Tyre Group Ltd, Michelin, Nokian Tyres, Pirelli, The Goodyear Tyre & Rubber Company, Trelleborg, Triangle Tires and Yokohama Rubber Company Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million, ‘000 Units
Segment Coverage Vehicle Type, Tire Type, End Use, Distribution Channel, Rim Size, Country
Countries Covered Germany, France, Russia, United Kingdom, Italy, Spain, Others
Companies Covered Balkrishna Industries Limited, Bridgestone Corporation, Continental AG, Double Coin Tyre Group Ltd, Michelin, Nokian Tyres, Pirelli, The Goodyear Tyre & Rubber Company, Trelleborg, Triangle Tires and Yokohama Rubber Company Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Europe Off-the-Road (OTR) Tire Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Vehicle Type
    6.1    Mining Vehicles
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Construction & Industrial Vehicles
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Agricultural Vehicles
        6.3.1 Market Trends
        6.3.2Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Tire Type
    7.1    Radial Tire
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Bias Tire
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by End Use
    8.1    OEM
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Replacement
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Distribution Channel
    9.1    Online
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Offline
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Rim Size
    10.1    Below 24 inches
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    24-30 inches
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    31-35 inches
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    36-39 inches
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    40-50 inches
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    51-55 inches
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Above 56 inches
        10.7.1 Market Trends
        10.7.2 Market Forecast
11  Market Breakup by Country
    11.1    Germany
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    France
        11.2.1 Market Trends
        11.2.2 Market Forecast        
    11.3    Russia
        11.3.1 Market Trends
        11.3.2 Market Forecast       
    11.4    United Kingdom      
        11.4.1 Market Trends
        11.4.2 Market Forecast
    11.5    Italy
        11.5.1 Market Trends
        11.5.2 Market Forecast
    11.6    Spain      
        11.6.1 Market Trends
        11.6.2 Market Forecast
    11.7    Others      
        11.7.1 Market Trends
        11.7.2 Market Forecast   
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
    13.1    Overview
    13.2    Raw Material Procurement
    13.3    Inbound Logistic
    13.4    Manufacturing
    13.5    Outbound Logistic
    13.6    Distribution
    13.7    After Sale Services
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Analysis
    15.1    Key Price Indicators
    15.2    Price Structure
    15.3    Price Trends
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Balkrishna Industries Limited
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financial 
        16.3.2    Bridgestone Corporation
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Continental AG
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 Financials
           16.3.3.4 SWOT
        16.3.4    Double Coin Tyre Group Ltd.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    Michelin
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Nokian Tyres
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    Pirelli
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    The Goodyear Tyre & Rubber Company
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Trelleborg
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
        16.3.10    Triangle Tires
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
        16.3.11    Yokohama Rubber Company Limited
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis

List of Figures

Figure 1: Europe: Off-the-Road Tire Market: Major Drivers and Challenges
Figure 2: Europe: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016-2021
Figure 3: Europe: Off-the-Road Tire Market: Sales Value (in Million US$), 2016-2021
Figure 4: Europe: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 5: Europe: Off-the-Road Tire Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 6: Europe: Off-the-Road Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Europe: Off-the-Road Tire Market: Breakup by Tire Type (in %), 2021
Figure 8: Europe: Off-the-Road Tire Market: Breakup by End Use (in %), 2021
Figure 9: Europe: Off-the-Road Tire Market: Breakup by Distribution Channel (in %), 2021
Figure 10: Europe: Off-the-Road Tire Market: Breakup by Rim Size (in %), 2021
Figure11: Europe: Off-the-Road Tire Market: Breakup by Country (in %), 2021
Figure 12: Europe: Off-the-Road Tire (Mining Vehicles) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 13: Europe: Off-the-Road Tire (Mining Vehicles) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 14: Europe: Off-the-Road Tire (Construction & Industrial Vehicles) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 15: Europe: Off-the-Road Tire (Construction & Industrial Vehicles) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 16: Europe: Off-the-Road Tire (Agricultural Vehicles) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 17: Europe: Off-the-Road Tire (Agricultural Vehicles) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 18: Europe: Off-the-Road Tire (Other Vehicles) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 19: Europe: Off-the-Road Tire (Other Vehicles) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 20: Europe: Off-the-Road Tire (Radial Tire) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 21: Europe: Off-the-Road Tire (Radial Tire) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 22: Europe: Off-the-Road Tire (Bias Tire) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 23: Europe: Off-the-Road Tire (Bias Tire) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 24: Europe: Off-the-Road Tire (OEM) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 25: Europe: Off-the-Road Tire (OEM) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 26: Europe: Off-the-Road Tire (Replacement) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 27: Europe: Off-the-Road Tire (Replacement) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 28: Europe: Off-the-Road Tire (Online) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 29: Europe: Off-the-Road Tire (Online) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 30: Europe: Off-the-Road Tire (Offline) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 31: Europe: Off-the-Road Tire (Offline) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 32: Europe: Off-the-Road Tire (Below 24 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 33: Europe: Off-the-Road Tire (Below 24 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 34: Europe: Off-the-Road Tire (24-30 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 35: Europe: Off-the-Road Tire (24-30 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 36: Europe: Off-the-Road Tire (31-35 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 37: Europe: Off-the-Road Tire (31-35 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 38: Europe: Off-the-Road Tire (36-39 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 39: Europe: Off-the-Road Tire (36-39 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 40: Europe: Off-the-Road Tire (40-50 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 41: Europe: Off-the-Road Tire (40-50 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 42: Europe: Off-the-Road Tire (51-55 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 43: Europe: Off-the-Road Tire (51-55 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 44: Europe: Off-the-Road Tire (Above 56 inches) Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 45: Europe: Off-the-Road Tire (Above 56 inches) Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 46: Germany: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 47: Germany: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 48: France: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 49: France: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 50: Russia: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 51: Russia: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 52: United Kingdom: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 53: United Kingdom: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 54: Italy: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 55: Italy: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 56: Spain: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 57: Spain: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 58: Others: Off-the-Road Tire Market: Sales Volume (in ‘000 Units), 2016 & 2021
Figure 59: Others: Off-the-Road Tire Market Forecast: Sales Volume (in ‘000 Units), 2022-2027
Figure 60: Europe: Off-the-Road Tire Industry: SWOT Analysis
Figure 61: Europe: Off-the-Road Tire Industry: Value Chain Analysis
Figure 62: Europe: Off-the-Road Tire Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Europe: Off-the-Road Tire Market: Key Industry Highlights, 2021 and 2027
Table 2: Europe: Off-the-Road Tire Market Forecast: Breakup by Vehicle Type (in ‘000 Units), 2022-2027
Table 3: Europe: Off-the-Road Tire Market Forecast: Breakup by Tire Type (in ‘000 Units), 2022-2027
Table 4: Europe: Off-the-Road Tire Market Forecast: Breakup by End Use (in ‘000 Units), 2022-2027
Table 5: Europe: Off-the-Road Tire Market Forecast: Breakup by Distribution Channel (in ‘000 Units), 2022-2027
Table 6: Europe: Off-the-Road Tire Market Forecast: Breakup by Rim Size (in ‘000 Units), 2022-2027
Table 7: Europe: Off-the-Road Tire Market Forecast: Breakup by Country (in ‘000 Units), 2022-2027
Table 8: Europe: Off-the-Road Tire Market: Competitive Structure
Table 9: Europe: Off-the-Road Tire Market: Key Players


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Key Questions Answered in This Report

We expect the Europe Off-the-Road (OTR) tire market to exhibit a CAGR of 4.57% during 2022-2027.

 

The rising development of roads, highways, power plants, etc., along with the increasing awareness towards numerous benefits of OTR tires, such as high heat and rolling resistance, better durability, easy mobility, etc., is primarily driving the Europe Off-the-Road (OTR) tire market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations resulting in the temporary closure of numerous manufacturing units for Off-the-Road (OTR) tires.

Based on the vehicle type, the Europe Off-the-Road (OTR) tire market has been divided into mining vehicles, construction & industrial vehicles, agricultural vehicles, and others. Among these, construction & industrial vehicles currently exhibit a clear dominance in the market.

Based on the tire type, the Europe Off-the-Road (OTR) tire market can be categorized into radial tire and bias tire. Currently, bias tire accounts for the majority of the total market share.

Based on the end use, the Europe Off-the-Road (OTR) tire market has been segregated into OEM and replacement, where replacement currently holds the largest market share.

Based on the rim size, the Europe Off-the-Road (OTR) tire market can be bifurcated into below 24 inches, 24-30 inches, 31-35 inches, 36-39 inches, 40-50 inches, 51-55 inches, and above 56 inches. Currently, 24-30 inches exhibit a clear dominance in the market.

On a regional level, the market has been classified into Germany, France, Russia, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe Off-the-Road (OTR) tire market.

 

Some of the major players in the Europe Off-the-Road (OTR) tire market include Balkrishna Industries Limited, Bridgestone Corporation, Continental AG, Double Coin Tyre Group Ltd, Michelin, Nokian Tyres, Pirelli, The Goodyear Tyre & Rubber Company, Trelleborg, Triangle Tires, and Yokohama Rubber Company Limited.

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