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

Southeast Asia Off the Road (OTR) Tire Market Report - By Type of Equipment (Earthmoving Equipment, [Excavator, Grader, Loader, Bulldozer, Road Roller], Material Handling Equipment......, [Forklifts], Agriculture Equipment, [Tractor, Combines, Others (Harvester, etc.)]), By Type of Tire (Radial, Bias), By Demand Type (OEMs, Aftermarket), 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 Stores, Exclusive Outlets), Others Read more

  • Tire
  • May 2024
  • 146
  • PDF, Excel, PPT

Market Insights & Analysis: Southeast Asia Off the Road (OTR) Tire Market (2024-30):

The Southeast Asia Off the Road (OTR) Tire Market size is estimated to grow at a CAGR of around 4.3% during the forecast period, i.e., 2024-30. The market growth reflects the surging focus of government bodies in Southeast Asian countries on infrastructure development, creating demand for OTR tires in construction equipment. The region's robust industrialization and infrastructure development projects, especially in countries like Indonesia, Thailand, and Vietnam, necessitate heavy machinery and construction equipment, thereby increasing the demand for OTR tires. The increase in construction is driving up demand for vehicles such as 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 rising end-user demand, fueling market growth & expansion.

Report Coverage

Details

Study Period

Historical Data: 2019-22

Base Year: 2023

Forecast Period: 2024-30

CAGR (2024-2030)

4.3%

Country Covered

Thailand, Vietnam, Malaysia, Indonesia, Singapore, Cambodia, Philippines, Rest of Southeast Asia

Key Companies Profiled

Pirelli Tyre S.p.A., Goodyear Southeast Asia Pvt. Ltd., Bridgestone Tire Co., Ltd., Continental AG, Titan International Inc., The Yokohama Rubber Co., Ltd., Trelleborg Thailand Company Limited, Triangle Group, Balkrishna Industries Limited (BKT), MRF tires, and others

Market Denominations

USD Million/Billion

 

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

  • In 2022, Thailand’s Laem Chabang Deep Seaport invested about USD 927 million to expand the port capacity of about 18 million twenty-foot equivalents (TEU) per year.

This growing infrastructure in the development of the trade & logistics sector of the region is contributing to the demand for material handling equipment, as it is 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 driving the growth of the Southeast Asia OTR Tire Market.

Moreover, the establishment of new mining projects in countries such as Thailand, Indonesia, etc., is further driving up demand for heavy mining vehicles. The rising need for minerals and metals is fueling mining exploration activities in Southeast Asian countries, resulting in increased demand for large off-road vehicles. Moreover, the surging investments in the mining sector are further boosting mining activities in the region. For instance,

  • In 2023, according to the Ministry of Energy and Mineral Resources, Indonesia booked around USD 30.3 billion of investment in the energy and mining sectors.

Heavy mining equipment relies on OTR tires to navigate undulating terrain and mining areas, which causes frequent damage to OTR tires. With frequent wear and tear, the demand for replacement tires rises, ultimately driving the growth of the Southeast Asia OTR Tire Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Southeast Asia Off the Road (OTR) Tire Market Regulations & Policies
  5. Southeast Asia Off the Road (OTR) Tire Market Import Export Statistics
  6. Southeast Asia Off the Road (OTR) Tire Trends & Insights
  7. Southeast Asia Off the Road (OTR) Tire Market Dynamics
    1. Drivers
    2. Challenges
  8. Southeast Asia Off the Road (OTR) Tire Market Hotspots & Opportunities
  9. Southeast Asia 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. Earthmoving 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 Stores – Market Size & Forecast, 2019-2030 (Thousands)
        4. Exclusive Outlets– Market Size & Forecast, 2019-2030 (Thousands)
      8. By Country
        1. Malaysia
        2. Indonesia
        3. Singapore
        4. Cambodia
        5. Vietnam
        6. Thailand
        7. Philippines
        8. Rest of Southeast Asia
      9. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  10. Malaysia 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. Indonesia 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. Singapore 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. Cambodia 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. Vietnam 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. Thailand 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. Philippines 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)
  17. Southeast Asia Off the Road (OTR) Tire Market Key Strategic Imperatives for Growth & Success
  18. 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 Southeast Asia Pvt. Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Bridgestone Tire Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Continental AG
        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. MRF Tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Yokohama Rubber Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Trelleborg Thailand Company Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Triangle Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Balkrishna Industries Limited (BKT)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  19. 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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