North America OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

North America OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5076
Buy Now

Market Overview:

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. 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 on different end use industries. These insights are included in the report as a major market contributor.

Off-the-road (OTR) tires refer to the deeply tramped tires that provide high traction over unlevelled surfaces, including rock, mud, loose dirt, or gravel.  These tires are designed for usage across ports, construction sites, agricultural lands, mining areas, etc. Some of the common off-the-road vehicles include cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, specialized purpose vehicles, etc. OTR tires provide good handling and high tread life, better durability, enhanced vehicular performance, optimum stability, and reduced contact patch area. As a result, these tires are widely adopted across various sectors, including construction, mining, recreation, agriculture, etc.

North America OTR Tire Market Trends:

In North America, the expanding construction sector, along with the increasing development of numerous infrastructural projects, including housing facilities, industrial complexes, road and railway networks, etc., is primarily driving the OTR tire market. In line with this, rising investments in the upgradation of several commercial structures, such as bridges, highways, dams, power supply grids, etc., across different terrains are also augmenting the OTR tire market. Additionally, the growing deployment of forklifts, cranes, bulldozers, etc., for enhancing the safety and security of workers during heavy-duty construction activities is further propelling the demand for OTR tires in the region. Besides this, the expanding mining industry, coupled with the extensive utilization of fully mechanized equipment for quarrying activities, is positively influencing the growth of the North America OTR tire market. Moreover, the escalating adoption of integrated farm machinery for numerous labor-intensive tasks in the agriculture sector is also bolstering demand for OTR tires. Apart from this, the increasing popularity of All-terrain vehicles (ATVs), such as dirt bikes and quads, for various recreational purposes is acting as another significant growth-inducing factor. Furthermore, the emergence of advanced product variants that are integrated with sensor-based technologies for monitoring tire pressure and temperature and minimizing the risk of potential hazards by providing real-time data analysis is expected to drive the North America OTR tire market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America OTR tire market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units ‘000 Units
Segment Coverage Demand, Tire Size, Tire Type, Vehicle Type, Distribution Channel, Country
Countries Covered United States, Canada
Companies Covered 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.
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)

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
North America OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More