GCC Off the Road (OTR) Tire Market Research Report: Forecast (2024-2030)

GCC OTR Tire Market - By Type of Equipment (Earth Moving Equipment, Material Handling Equipment, Agriculture Equipment), By Type of Tire (Radial, Bias), By Demand Type (OEMs, After......market), By Price Category (Budget, Premium, Economy), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), By End Users (Construction, Industrial, Mining, Agriculture, Ports), By Sales Channel (Direct Sales, Online, Multi Brand & Exclusive Outlets) and others Read more

  • Tire
  • Mar 2024
  • 155
  • PDF, Excel, PPT

Market Definition

Off-the-road (OTR) tires are heavy-duty tires designed for use on vehicles that operate off paved surfaces, such as those used in construction, mining, and agriculture. These tires are distinguished by their strong structure, deep tread patterns, and puncture-resistant materials, allowing them to handle extreme off-road conditions. OTR tires are available in various sizes and styles to fit many vehicles, including huge dump trucks and loaders, agricultural tractors, and forestry equipment.

Market Insights & Analysis: The GCC Off the Road (OTR) Tire Market (2024–30):

The GCC Off the Road (OTR) Tire Market size is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024–30. The market growth imputes the surging focus of government bodies in GCC countries on infrastructure development as a means of diversifying their economies away from oil and gas. The government is investing in several construction projects in countries such as Saudi Arabia, the UAE, Qatar, Oman, and other nations. The increase in construction is driving up demand for vehicles such as trucks, excavators, bulldozers, and so on, raising demand for OTR tires. Furthermore, governments are implementing favorable regulations to encourage international investments and leading manufacturers to construct OTR tire production plants to meet the increasing demand, hence fueling market growth & expansion.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 4.2%
Country Covered Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman
Key Companies Profiled Pirelli Tyre S.p.A., Goodyear Middle East & Africa, Bridgestone MEA, Continental Middle East DMCC, Titan International Inc., Michelin, The Yokohama Rubber Co., Ltd., JK Tire & Industrial Ltd., Trelleborg, Triangle Group, Others
Unit Denominations USD Million/Billion

 

Furthermore, the strategic location of the GCC countries along major shipping routes makes investing in port infrastructure crucial for facilitating global trade. As a result, several GCC countries, like the UAE, Qatar, etc., have been investing in expanding and modernizing their ports to accommodate larger vessels and increase cargo-handling capacity. For instance,

  • In 2022, the UAE inaugurated the Khalifa Port expansion, a major development project with a total investment of around USD 1.08 billion.

This growing infrastructure in the development of the trade & logistics sector of the region is contributing to the demand for OTR tires, as they are required in port operations for handling containers, heavy cargo, and logistics activities. Heavy machinery such as forklifts, excavators, etc. rely heavily on OTR tires, generating their demand and ultimately augmenting the size & volume of the GCC Off the Road (OTR) Tire Market.

Moreover, the establishment of new mining projects in countries such as Kuwait, Saudi Arabia, etc. is further driving up demand for heavy mining vehicles. The rising need for minerals and metals fuels mining exploration activities in the GCC countries has resulted in increased demand for large off-road vehicles. For Instance,

  • In 2023, AlMasane AlKobra Mining Co. announced the start of the exploration of zinc and copper in an area spanning over 138.64 sq. km in Saudi Arabia.

Heavy mining equipment relies on OTR tries to navigate undulating terrain and mining areas, which causes frequent damage to OTR tires. With the frequent wear and tear, the demand for replacement tires increases, ultimately driving the growth of the GCC OTR Tires Industry.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. The GCC Off the Road (OTR) Tire Market Regulations & Policies
  5. The GCC Off the Road (OTR) Tire Market Import Export Statistics
  6. The GCC Off the Road (OTR) Tire Trends & Insights
  7. The GCC Off the Road (OTR) Tire Market Dynamics
    1. Drivers
    2. Challenges
  8. The GCC Off the Road (OTR) Tire Market Hotspots & Opportunities
  9. The GCC Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment
        1. Earth Moving Equipment – Market Size & Forecast, 2019-2030 (Thousands)
          1. Excavator– Market Size & Forecast, 2019-2030 (Thousands)
          2. Grader– Market Size & Forecast, 2019-2030 (Thousands)
          3. Loader– Market Size & Forecast, 2019-2030 (Thousands)
          4. Bulldozer– Market Size & Forecast, 2019-2030 (Thousands)
          5. Road Roller– Market Size & Forecast, 2019-2030 (Thousands)
        2. Material Handling Equipment– Market Size & Forecast, 2019-2030 (Thousands)
          1. Forklifts– Market Size & Forecast, 2019-2030 (Thousands)
        3. Agriculture Equipment
          1. Tractor– Market Size & Forecast, 2019-2030 (Thousands)
          2. Combines– Market Size & Forecast, 2019-2030 (Thousands)
          3. Others (Harvester, etc.) – Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire
        1. Radial– Market Size & Forecast, 2019-2030 (Thousands)
        2. Bias– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type
        1. OEMs– Market Size & Forecast, 2019-2030 (Thousands)
        2. Aftermarket– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category
        1. Budget– Market Size & Forecast, 2019-2030 (Thousands)
        2. Premium– Market Size & Forecast, 2019-2030 (Thousands)
        3. Economy– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size
        1. Tire Size 1– Market Size & Forecast, 2019-2030 (Thousands)
        2. Tire Size 2– Market Size & Forecast, 2019-2030 (Thousands)
        3. Tire Size 3– Market Size & Forecast, 2019-2030 (Thousands)
        4. Tire Size 4– Market Size & Forecast, 2019-2030 (Thousands)
        5. Tire Size 5– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users
        1. Construction– Market Size & Forecast, 2019-2030 (Thousands)
        2. Industrial– Market Size & Forecast, 2019-2030 (Thousands)
        3. Mining– Market Size & Forecast, 2019-2030 (Thousands)
        4. Agriculture– Market Size & Forecast, 2019-2030 (Thousands)
        5. Ports– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel
        1. Direct Sales– Market Size & Forecast, 2019-2030 (Thousands)
        2. Online– Market Size & Forecast, 2019-2030 (Thousands)
        3. Multi Brand & Exclusive Outlets– Market Size & Forecast, 2019-2030 (Thousands)
      8. By Country
        1. Saudi Arabia
        2. The UAE
        3. Qatar
        4. Kuwait
        5. Bahrain
        6. Oman
      9. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  10. Saudi Arabia Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment– Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel– Market Size & Forecast, 2019-2030 (Thousands)
  11. The UAE Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment– Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel– Market Size & Forecast, 2019-2030 (Thousands)
  12. Qatar Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment– Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel– Market Size & Forecast, 2019-2030 (Thousands)
  13. Kuwait Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment– Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel– Market Size & Forecast, 2019-2030 (Thousands)
  14. Bahrain Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment– Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel– Market Size & Forecast, 2019-2030 (Thousands)
  15. Oman Off the Road (OTR) Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Type of Equipment– Market Size & Forecast, 2019-2030 (Thousands)
      2. By Type of Tire– Market Size & Forecast, 2019-2030 (Thousands)
      3. By Demand Type– Market Size & Forecast, 2019-2030 (Thousands)
      4. By Price Category– Market Size & Forecast, 2019-2030 (Thousands)
      5. By Tire Size– Market Size & Forecast, 2019-2030 (Thousands)
      6. By End Users– Market Size & Forecast, 2019-2030 (Thousands)
      7. By Sales Channel– Market Size & Forecast, 2019-2030 (Thousands)
  16. Competition Outlook
    1. Company Profiles
      1. Pirelli Tyre S.p.A.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Goodyear Middle East & Africa
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Bridgestone MEA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Continental Middle East DMCC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Titan International Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Michelin
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. The Yokohama Rubber Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. JK Tire & Industries Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Trelleborg
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Triangle Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  17. 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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