Global OTR
tire market stood at $ 17 billion in 2017 and is projected to cross $ 26 billion
by 2023, on the back of growing number of infrastructure development projects
worldwide. Moreover, mechanization of farming sector, proliferation in mining
industry, and expanding OTR vehicle fleet are expected to boost sales of OTR
tires in the coming years. Some of the other key factors that would positively
influence the global OTR tire market include technological advancements, expanding distributor & dealership
network, rising adoption of radial tires and increasing penetration of Chinese
tires.
Years considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019-2023
Objective of the Study:
- To analyze and forecast global OTR tire market size.
- To classify and forecast global OTR tire market based on vehicle
type, company, region and demand category.
- To define, classify and forecast
global OTR tire market on the basis of vehicle type, namely, mining,
construction & industrial equipment, agriculture vehicles and others
(includes all-terrain vehicles, sports vehicles, etc.).
- To
define, classify and forecast global OTR tire market on the basis of demand
category, namely OEM and replacement.
- To
scrutinize the detailed market segmentation and forecast the market size by
segmenting global OTR tire market into regions, namely, North America, South
America, Europe, Asia-Pacific, Middle East and Africa.
- To
identify drivers and challenges in global OTR tire market.
- To
identify market trends & developments in global OTR tire market.
- To
identify and analyze the profile of leading players operating in global OTR
tire market.
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Some of the major players operating in global OTR tire market are Compagnie
Générale des Établissements Michelin (CGEM), Bridgestone Corporation, The
Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Continental
Aktiengesellschaft, Balkrishna Industries Limited, Toyo Tire & Rubber
Company, Apollo Tyres Ltd., Hankook Tire Co. Ltd. and Cooper Tire & Rubber
Company.
In order to perform the study, TechSci Research conducted primary as
well as exhaustive secondary research. Initially, TechSci Research prepared an
exhaustive list of OTR tire manufacturers and suppliers operating in different
regions and countries. Subsequently, TechSci Research conducted primary
research surveys, which included primary calls, email responses, etc., with the
identified companies. While interviewing, the respondents were also asked about
their major competitors. TechSci Research analyzed product offerings,
distribution channels and regional presence of all major OTR tire suppliers
across the world.
TechSci Research calculated global OTR tire market size using a
bottom-up technique, wherein manufacturers’ volume sales data for different
applications (mining, construction, industrial and agriculture) was
recorded as well as forecast for the future years. TechSci Research sourced
these values from industry experts and company representatives, and externally
validated through analyzing historical sales data of respective manufacturers
to arrive at the overall market size. Databases and multiple secondary sources
such as European Tyre and Rubber Manufacturers Association (ETRMA), Japan
Automobile Tyre Manufacturers Association (JATMA), National Association of
Automobile Manufacturers (ANFAVEA) Brazil, Automotive Tyre Manufacturers
Association (ATMA) India, The British Tyre Manufacturers Association
(BTMA), Society of Motor Manufacturers and Traders of UK (SMMT), Malaysian
Rubber Products Manufactures Association (MRPMA), China Rubber industry
Association (RIA), International Monetary Fund (IMF), company websites, company
annual reports and financial reports were also studied by TechSci Research.
- OTR tire manufacturers, distributors and other
stakeholders
- Raw material suppliers
- Automotive OEMs
- Associations, organizations, forums and
alliances related to OTR tire market
- Government bodies such as regulating
authorities and policy makers
- Market research and consulting firms
The study is
useful in providing answers to several critical questions that are important
for industry stakeholders such as OTR tire manufacturers, distributors and
dealers, customers and policy makers. The study would also help them to
target the growing segments over the coming years, thereby aiding the stakeholders
in taking investment decisions and facilitating their expansion.
Report Scope:
In this
report, global OTR tire market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Vehicle Type:
- Mining,
Construction & Industrial Equipment
- Agriculture
Vehicles
- Others (includes
All-Terrain Vehicles, Sports Vehicles, etc.)
- Market, by Demand Category:
- Market, by Region:
- Asia-Pacific
- China
- India
- Japan
- Australia
- south
Korea
- Malaysia
- Philippines
- Thailand
- Indonesia
- Rest of
Region
- Europe
& CIS
- Turkey
- Russia
- United
kingdom
- Germany
- Italy
- France
- Poland
- Ukraine
- Hungary
- Rest of
Region
- North
America
- United
States
- Canada
- Mexico
- South
America
- Argentina
- Brazil
- Colombia
- Chile
- Cuba
- Rest of
Region
- Middle
East
- Iran
- Saudi
Arabia
- UAE
- Rest of
Region
- Africa
- South
Africa
- Algeria
- Morocco
- Nigeria
- Ethiopia
- Sudan
- Somalia
- Rest of
Region
Competitive
Landscape
Company Profiles: Detailed analysis of major companies operating in
global OTR tire market.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling
of additional market players.
In case you don’t find what,
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com