The Russia OTR tire market is expected to exhibit a CAGR of 7.7% during 2022-2027.
Off-the-road (OTR) tires refer to the deep treaded tires that provide high traction over unlevelled surfaces, including rock, mud, loose dirt, or gravel. Various off-the-road vehicles include cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, and specialized purpose vehicles. OTR tires provide high 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, agriculture, etc.
In Russia, a significant growth in the mining sector has led to the deployment of heavy-duty vehicles across diverse geographic locations, thereby propelling the demand for OTR tires. Additionally, the increasing levels of urbanization are catalyzing the development of commercial infrastructures, such as bridges, highways, dams, power supply grids, etc. In line with this, growing foreign direct investments in the country have led to the introduction of large-scale infrastructure projects which are further augmenting the demand for OTR vehicles. Moreover, the expanding agriculture sector is also propelling the utilization of off-the-road tractors, rollers, farm machinery, etc., thereby further fueling the market growth in Russia. Besides this, the emergence of various sensor-based technologies for OTR tires to monitor tire pressure and temperature, mitigate any potential hazards, and provide real-time data analysis, will continue to drive the market growth in Russia during the forecast period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Russia OTR tire market report, along with forecasts for the period 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
Breakup by Tire Type:
Breakup by End-Use:
Breakup by Distribution Channel:
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
Breakup by Rim Size:
- Below 29 inches
- 29-45 inches
- Above 45 inches
The competitive landscape of the industry has also been examined with some of the key players being Belshina OAO, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co. Ltd, Michelin, NorTec Tires, Nokian Tyres, The Yokohama Rubber Company Limited, PJSC TATNEFT. (Nizhnekamskshina Joint Stock Company), Pirelli Tyre Russia Limited Liability Company and Goodyear Russia LLC.
|Base Year of the Analysis
||Vehicle Type, Tire Type, End-Use, Distribution Channel, Rim Size
||Belshina OAO, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co. Ltd, Michelin, NorTec Tires, Nokian Tyres, The Yokohama Rubber Company Limited, PJSC TATNEFT. (Nizhnekamskshina Joint Stock Company), Pirelli Tyre Russia Limited Liability Company and Goodyear Russia LLC
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Key Questions Answered in This Report:
- How has the Russia OTR tire market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Russia OTR tire market?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the tire type?
- What is the breakup of the market based on the end-use?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the rim size?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Russia OTR tire market and who are the key players?
- What is the degree of competition in the industry?