Industry News

Michelin Launched XTRA LOAD OTR Tire for Increased Load Capacity

Michelin Launched XTRA LOAD OTR Tire for Increased Load Capacity

The new MICHELIN XTRA LOAD GRIP  and the MICHELIN XTRA LOAD PROTECT enables end-users to enhance load capacity by 10% and maximize productivity by accommodating more distance per hour

France: Delivering innovative and high-performance tires for on- and off- road use, Michelin is a specialist in tires for businesses such as freight transportation, construction, agriculture, quarry, mining and port activities, vehicle fleet management, and professional services/tradesman. The Michelin Group works to ensure the best traction performance, durability, fuel efficiency, and soil protection to cut offset costs pertaining with the operation.

According to Michelin officials, The Michelin Xtra Load PROTECT is designed for hard, sharp and abrasive surfaces, “where the priority is protection and damage resistance - conditions often found in quarries and construction sites.” Its interlocking blocks and improved heat dissipation allow faster speeds and the corrosion-proof cable within the tire structure increase aggression resistance. Among other benefits, the tire provides greater volume of tread rubber, enhanced tread life and improved distribution across its contact patch. This application is designed for end-users who want to carry up to 10% more load or maximum speed of 21mph.

The Michelin Xtra Load GRIP is designed to deliver optimal traction on slippery slopes and inclines. The newly designed tire features 30% more biting lug edges for improved cornering, braking, and acceleration while operating on soft surfaces. The tire contains more rubber in its contact patch alongwith other features.

The Xtra Load series is available in sizes 18.00R33 and 24.00R35 and will be offered in A4 and B rubber compounds.

B2B mining marketing manager for Michelin North America said, “The Michelin XTRA LOAD tire line is complemented by the Michelin XTRA DEFEND line for articulated dump trucks.” She further stated, “This Michelin offer for transport trucks in quarries and mines provides a modern solution to maximize the amount of material loaded into these trucks while still delivering traction, damage resistance and increased tire life.”

According to TechSci Research, new product launches and investment in R&D has always been key strategies of Michelin for maintaining their dominance in the tire market. Launch of tire models with increased load capacity helps to carry more load with durability to high speed. Increasing use of heavy machineries and equipment in agriculture, mining and industrial sectors coupled with growing infrastructure and construction sectors to drive global OTR tire market  through 2025.

According to TechSci Research report,Global OTR Tire Market By Vehicle Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2015-2025”, the global OTR tire market is projected to surpass $ 31 billion by 2025, on account of growing OTR vehicle sales, increasing OTR vehicle fleet size and steadily rising OTR tire prices. With increasing number of development activities being witnessed across the globe, especially in construction, mining and industrial sectors, demand for OTR tyres is expected to increase at a healthy pace during the forecast period. On account of modernization and increasing use of latest technology, agriculture sector in emerging economies is also witnessing growth. Various types of advanced OTR vehicles are being introduced for farming, which help in overcoming the problems associated with manual labor and aid in achieving higher productivity.

According to TechSci Research report, “Global Tire Market By Vehicle Type, By Demand Category, By Radial Vs Bias, By Region, Competition, Forecast & Opportunities, 2013 – 2025F”, the world tire market is forecast to cross $ 300 billion by 2025. Major factors that are expected to drive the market include rising demand for tires from OEMs due to various technological advancements in automotive industry in terms of better lifespan of tires, light weight, environmental-friendly tires, imposed strict safety regulation by governments of various countries across the globe coupled with growing tire sales in the replacement market, globally.

Relevant Reports

Global OTR Tire Market By Vehicle Type (Mining, Construction & Industrial Equipment, Agriculture Vehicles & Others), By Demand Category (OEM Vs. Replacement), By Region, Competition, Forecast & Opportunities,

Automotive | Feb, 2020

Increasing use of farm equipment in agriculture and heavy machineries in mining and industrial sectors coupled with growing infrastructure and construction sectors to drive global OTR tire market through 2025

Relevant News