Russia OTR Tire Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Russia OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Russia OTR tire market is expected to exhibit steady growth during the forecast period (2021-2026). 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. Looking forward, IMARC Group expects the Russia OTR tire market to grow at a CAGR of around 3% during the next five years.

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 growth at the region level from 2021-2026. Our report has categorized the market based on vehicle type, tire type, end-use, distribution channel and rim size.

Market Breakup by Vehicle Type:

Mining Vehicles
Construction & Industrial Vehicles
Agricultural Vehicles
Others

Market Breakup by Tire Type:

Radial Tire
Bias Tire

Market Breakup by End-Use:

OEM
Replacement

Market Breakup by Distribution Channel:

Business-to-Business (B2B)
Business-to-Consumer (B2C)

Market Breakup by Rim Size:

Below 29 inches
29-45 inches
Above 45 inches

Competitive Landscape:

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.

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 are the major countries in 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?