Africa Off the Road (OTR) Tire Market Research Report: Forecast (2024-2029)

By Type of Equipment(Earth Moving Equipment [Excavators, Loaders, Graders, Bulldozers, Road Rollers], Agricultural Equipment [Tractors, Combines, Others], Material Handling Equipme......nt [Cranes, Forklifts]), By Type of Tire (Radial, Bias), By Demand Type (OEM, Aftermarket), By Application (Construction, Industrial, Mining, Agriculture, Ports), By Rim Size (20”-25”, 26”-35”-, 36”-48”, Above 48”), By Season (All Season, Summer), By Price Category (Budget, Economy, Premium), By Sales Channel (Multi-brand & Exclusive Outlets, Direct Sales, Online), By Country (South Africa, Nigeria, Kenya, Algeria, Morocco, Rest of Africa), By Company (Continental, Michelin, Bridgestone Corporation, The Yokohama Rubber Co., Ltd, Sumitomo Rubber Industries, Ltd, Toyo Tire & Rubber Company, Triangle Tyre Co. Ltd, CEAT Limited, BKT, Hangzhou Zhongce Rubber Co. Ltd.) Read more

  • Tire
  • Oct 2023
  • 178
  • PDF, Excel, PPT

Market Insights & Analysis: Africa Off the Road (OTR) Market (2024-29)

The Africa Off the Road (OTR) Market is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-29. The market growth is accredited to the rising inclination towards increasing government investment in the development of urban areas & surging infrastructure development activities in the region, which require heavy machines in the construction process. The growing demand for OTR tires in the mining, construction, and agriculture sectors augmented government subsidies for farm equipment, and heightened investments in new radial tire manufacturing facilities are the key factors positively influencing the industry's growth prospects during the forecast period.

Furthermore, the construction of highway projects in regions like the Western Cape, Limpopo, and the Eastern Cape is driving the expansion of the Off the Road (OTR) Tire Market. This growth is primarily attributed to the substantial demand for heavy vehicles in the construction sector, which, in turn, leads to inflated requirements for new or replacement tires. Additionally, the surge in both international & domestic tourism has spurred the development of hotels in the region.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-29
CAGR (2024-2029) 3.5%
Country Covered South Africa, Nigeria, Kenya, Algeria, Morocco, Rest of Africa
Key Companies Profiled Continental, Michelin, Bridgestone Corporation, The Yokohama Rubber Co., Ltd, Sumitomo Rubber Industries, Ltd, Toyo Tire & Rubber Company, Triangle Tyre Co. Ltd, CEAT Limited, BKT, Hangzhou Zhongce Rubber Co. Ltd.
Unit Denominations USD Million/Billion

 

Moreover, the demand for OTR vehicle tires among OEMs has been marginal over the past few years, mainly because the country is largely import-dependent in the OTR vehicle segment as there are only a small number of OEMs like Agrico, Agrimont Group, etc., who are involved in the manufacturing of only agricultural equipment.

Furthermore, due to the absence of substantial expansion initiatives by OTR manufacturers in African nations in recent years, it is anticipated that the OEM sector would continue to witness comparable demand trends in the foreseeable future, thus contributing to enhancing the Africa OTR Tire Market size.  

Africa Off the Road (OTR) Tire Market Research Report (2024-2029) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Africa Off the Road (OTR) Tire Market Trends & Insights
  5. Africa Off the Road (OTR) Tire Market Dynamics
    1. Drivers
    2. Challenges
  6. Africa Off the Road (OTR) Tire Market Hotspots & Opportunities
  7. Africa Off the Road (OTR) Tire Market Import Export Statistics
  8. Africa Off the Road (OTR) Tire Market Supply Chain Analysis
  9. Africa Off the Road (OTR) Tire Market Policies, Regulations, Product Standards
  10. Africa Off the Road (OTR) Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2.  Market Segmentation & Analysis
      1. By Type of Equipment
        1. Earth Moving Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          1.  Excavator- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          2. Grader-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          3. Loader-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          4. Bulldozer-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          5. Road Roller-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. Material Handling Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          1. Crane- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          2. Forklifts- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        3.  Agriculture Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          1. Tractor- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
          2. Combines- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      2. By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        1. Radial - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. Bias- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      3. By Demand Type
        1. OEM- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. Aftermarket- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      4. By Application
        1. Construction -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
        2. Industrial -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
        3. Mining-Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
        4. Agriculture -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
        5. Ports -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
      5. By Rim Size
        1. 20”-25”- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. 26”-35”- - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        3. 36”-48” - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        4. Above 48”-  Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      6. By Season
        1. All Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. Summer- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      7. By Price Category
        1. Budget- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. Economy- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        3. Premium- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      8. By Sales Channel
        1. Multi-brand & Exclusive Outlets- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        2. Direct Sales- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
        3. Online- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      9. By Country
        1. South Africa
        2. Nigeria
        3. Kenya
        4. Algeria
        5. Morocco
        6. Rest of Africa
      10. By Competition
        1. Competition Characteristics
        2. Revenue Shares & Analysis
  11.   South Africa Off the Road (OTR) Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Vehicle Type- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      2. By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      3. By Demand- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      4. By Application- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      5. By Rim Size- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      6. By Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      7. By Price Category- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      8. By Sales Channel- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  12. Nigeria Off the Road (OTR) Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Vehicle Type- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      2. By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      3. By Demand- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      4. By Application- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      5. By Rim Size- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      6. By Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      7. By Price Category- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      8. By Sales Channel- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  13. Kenya Off the Road (OTR) Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Vehicle Type- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      2. By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      3. By Demand- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      4. By Application- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      5. By Rim Size- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      6. By Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      7. By Price Category- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      8. By Sales Channel- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  14. Algeria Off the Road (OTR) Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Vehicle Type- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      2. By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      3. By Demand- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      4. By Application- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      5. By Rim Size- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      6. By Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      7. By Price Category- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      8. By Sales Channel- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  15. Morocco Off the Road (OTR) Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Vehicle Type- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      2. By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      3. By Demand- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      4. By Application- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      5. By Rim Size- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      6. By Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      7. By Price Category- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
      8. By Sales Channel- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  16. Africa Off the Road (OTR) Tire Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Company Profiles
      1. Continental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Michelin
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Bridgestone Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. The Yokohama Rubber Co., Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Sumitomo Rubber Industries, Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Toyo Tire & Rubber Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Triangle Tyre Co. Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. CEAT Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. BKT
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Hangzhou Zhongce Rubber Co. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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