North America OTR Tire Market to Grow with a CAGR of 6.30% through 2030
Growing demand for heavy-duty vehicles, advancements in
tire technology, and increasing mining and construction activities are the
factors driving the North America OTR tire market in the forecast period
2026-2030.
According to TechSci Research report, “North America
OTR Tire Market – By Country, Competition, Opportunities and Forecast, 2020-2030F”,
The North America OTR Tire Market was valued at USD 3.42 Billion in 2024 and is
expected to reach USD 4.94 Billion by 2030 with a CAGR of 6.30% during the
forecast period.
The North America Off-The-Road (OTR) tire market is evolving
rapidly, fueled by the expanding use of heavy machinery across sectors such as
mining, agriculture, and construction. Rising demand for tires that can endure
extreme conditions and provide superior traction on uneven, rugged terrains is
shaping product development. The push toward longer tire service life and lower
total cost of ownership is encouraging manufacturers to adopt innovative
materials and reinforcement technologies, improving resistance to cuts,
punctures, and wear. Furthermore, tightening regulations on environmental
impact are prompting the adoption of sustainable manufacturing processes and
eco-friendly tire designs. The increasing scale of mining operations and the
surge in agricultural automation are creating niche demands for tires tailored
to specific equipment needs. Growth is also supported by advancements in tire
retreading techniques, which extend tire usability and provide cost-efficient
solutions for fleet operators. As digital transformation penetrates heavy
equipment maintenance, data-driven fleet management systems are being
integrated with tire performance metrics, enabling more precise maintenance
schedules.
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North America OTR Tire Market Is Segmented by
Application, Tire Construction, Demand Category, and Country.
In
2024, the replacement segment experienced the fastest growth within the North
America OTR tire market. This surge is driven by increased maintenance and
operational cost management across industries relying on heavy machinery. As
equipment ages and undergoes intensive use in construction, mining, and
agriculture, the demand for high-quality replacement tires rises to ensure
continuous performance and minimize downtime. Fleet operators are prioritizing
tire longevity and cost-effectiveness, leading to greater adoption of durable
replacement tires with enhanced tread life and resistance to harsh conditions.
The replacement segment benefits from the growing awareness of proactive tire
maintenance and retreading services, which extend tire life and reduce capital
expenditure. This trend is supported by fluctuating raw material costs, making
replacement tires a practical choice over new equipment purchases. The
segment’s growth reflects the critical role of tire reliability in sustaining
heavy-duty operations and maintaining safety standards in challenging
environments.
Among regions, Mexico stood out as the fastest-growing
market in 2024 for North America OTR tires. Accelerated industrialization and
infrastructure development fuel demand for both new and replacement tires.
Expanding construction projects and increased mechanization in agriculture
contribute to a rising need for durable, high-performance tires capable of
withstanding rough terrain and heavy loads. Mexico’s evolving industrial
landscape and government initiatives to improve infrastructure are key factors
driving the tire market’s rapid growth. In contrast, Canada’s growth remained
steady but more moderate, supported mainly by mining and resource extraction
activities with a focus on high-quality, long-lasting tire solutions.
Major Market Players Operating in North America OTR Tire
Market Are:
- Bridgestone
Americas, Inc
- Balkrishna
Industries Limited (BKT)
- Toyo
Tire U.S.A. Corp
- Zhongce
Rubber Group Co. Ltd
- Michelin
North America, Inc.,
- Continental
AG
- Yokohama
Tire Corporation
- Pirelli
North America, Inc.
- Kumho
Tire U.S.A. Corp.
- Mickey
Thompson Tires & Wheels
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“The North America OTR tire market is clearly moving into a
dynamic phase right now. What stands out is the strong demand for replacement
tires it shows how important durability and cost-efficiency have become
for operators managing heavy equipment in construction, mining, and
agriculture. Companies are not just buying tires; they’re investing in
solutions that help minimize downtime and maximize operational life, which is a
smart approach given the tough conditions these tires face every day. On the
regional front, Mexico is emerging as a key growth hotspot, fueled by its rapid
industrial growth and infrastructure projects. This signals a shifting
landscape where new opportunities are opening beyond traditional markets. As
technology advances and sustainability becomes a bigger focus, the industry
will need to keep innovating to meet evolving needs. For anyone involved in
this space, staying agile and customer-centric will be critical to tapping into
the full potential of this market”, said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based global management consulting firm.
“North America OTR Tire Market By Application (Agriculture, Construction, Mining and Material Handling), By Tire Construction (Radial, Bias), By Demand Category (OEM, Replacement), By Country, Competition, Opportunities and Forecast, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the North America OTR Tire Market.
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