Brazil Off the Road (OTR) Tire

Brazil Off the Road (OTR) Tire Market Research Report: Forecast (2021-2026)

By Type of Equipment (Earth Moving Equipment (Excavators, Graders, Loaders, Bulldozers, Road rollers), Material Handling Equipment (Cranes, Forklifts), Agricultural Equipment (Tractors, Combines), By Read more

  • Tire
  • Dec 2021
  • 161
  • TR44007

Market Definition

Off-the-Road Tires are relatively large compared to standard tires. These tires are used mainly in heavy commercial vehicles like tractors, cranes, forklifts, bulldozers, & golf carts, among others, and are highly efficient on unpaved terrains. Additionally, OTR tires offer high-quality grip on surfaces like mud, sand, gravel, or loose dirt and flexible suspension with deep & open treads to support the vehicle's movement. The growing number of construction, mining, & agricultural activities in Brazil are driving the sales of such vehicles, which, in turn, is directly impacting the demand for Off-the-Road tires across the country.

Market Insights

Brazil Off the Road (OTR) Tire Market is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the rapidly increasing sales of vehicles like rigid dump trucks, reach stackers, loaders, specialty vehicles in ports, surface or underground mining, & construction sites, among others, instigating automakers to increase their production capacities. It, in turn, is playing a crucial role in stimulating the demand for OTR tires & driving the market through 2026.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2022-27) 3%
Key Companies Profiled Pirelli, Goodyear Tire and Rubber Company, Bridgestone Corporation, Continental, Michelin Tyres, Triangle Group, Titan, Toyo, Trelleborg, Kumho Tire, Yokohama
Unit Denominations USD Million/Billion

 

Besides, the mounting focus of the Brazilian government on infrastructural developments is resulting in numerous construction projects of highways, corporate spaces, residential complexes, airports, & railway stations in the country. Hence, the demand for heavy construction machinery is significantly surging and, in turn, positively influencing the Brazil Off the Road (OTR) Tire Market. 

Moreover, an increasing number of mergers & acquisitions among prominent players across Brazil to expand the product portfolio, visibility, reachability, & customer base, is also anticipated to augment the overall market growth in the years to come.

Impact of Covid-19 on Brazil Off the Road (OTR) Tire Market

The advent of Covid-19 had a decelerating impact on most industries, where the Brazil Off the Road (OTR) Tire Market was no exception. With the imposition of stringent movement restrictions & frequent lockdowns by the government to curb the spread of this dreadful disease, the automotive & tire industry witnessed a catastrophe.

Since all types of construction & mining industries were suspended to avoid physical contact with the workers & curb the spread of the Coronavirus, it resulted in a temporary decline in the demand for OTR tires and displayed unprecedented challenges for the leading players.

Besides, disruptions in the supply chain due to hampered transportation & logistics further resulted in the unavailability of raw materials, increasing demand & supply gaps, fluctuations in the prices of raw materials like rubber & crude oil, and shutdown of manufacturing units, among others.

Consequently, manufacturers witnessed significant financial losses amidst the crisis. However, with the gradual improvement in the pandemic situation having a lower rate of cases, the government began to uplift the restrictions & allowed the recommencement of business operations. As a result, the leading manufacturers increased their production capacities to meet the burgeoning demand for OTR tires across the country and recover from revenue losses. 

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Brazil OTR Tire Market
  4. Brazil Off the Road (OTR) Vehicle Market Overview
    1. Leading Manufacturers and their Annual Production
    2. Market Brief
  5. Brazil Off the Road (OTR) Vehicle Tire Market Trends & Insights
  6. Brazil Off the Road (OTR) Vehicle Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  7. Brazil Off the Road (OTR) Vehicle Tire Market Policy & Regulations
    1. Import Tariff
    2. Anti- Dumping Duties
    3. Rubber or Carbon Norms
  8. Brazil Off the Road (OTR) Vehicle Tire Market Import Export Statistics
  9. Brazil Off the Road (OTR) Vehicle Tire Market Hotspot & Opportunities
  10. Brazil Off the Road (OTR) Vehicle Tire Market Analysis- By Type of Equipment
    1. Brazil Off the Road (OTR) Vehicle Tire Market Analysis, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By Type of Equipment
          1. Earth Moving Equipment
            1. Excavator
            2. Grader
            3. Loader
            4. Bulldozer
            5. Road roller 
          2. Material Handling Equipment
            1. Crane
            2. Forklifts
          3. Agricultural Equipment
            1. Tractor
            2. Combines
            3. Others
        2. By End-Users
          1. Construction
          2. Industrial
          3. Mining
          4. Agriculture
          5. Ports
        3. By Type of Tire
          1. Radial
          2. Bias
        4. By Demand Type
          1. OEMs
          2. Aftermarket
        5. By Price Category
          1. Budget
          2. Premium
          3. Economy
        6. By Rim Size
          1. Up to 20”
          2. 20.1" to 26"
          3. 26.1" to 35"
          4. 35.1" to 47"
          5. Above 47"
        7. By Region
          1. Northeast
          2. South
          3. Southeast
          4. Center-West
        8. By Competitors
          1. Competition Characteristics
          2. Units Sold, By Competitors
          3. Competitive Metrix
    2. Brazil Earthmoving Equipment Tire Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By End Users
        2. Type of Tire
        3. Demand Type
        4. Price Category
        5. Rim Size
        6. By Region
    3. Brazil Material Handling Equipment Tire Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By End Users
        2. Type of Tire
        3. Demand Type
        4. Price Category
        5. Rim Size
        6. By Region
    4. Brazil Agricultural Equipment Tire Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenue
        2. Units Sold
      2. Market Share & Analysis
        1. By End Users
        2. Type of Tire
        3. Demand Type
        4. Price Category
        5. Rim Size
        6. By Region
  11. Brazil Off the Road (OTR) Vehicle Tire Market- Regional Analysis, 2016-2026F
    1. North Brazil Off the Road (OTR) Vehicle Tire Market Analysis, 2016-2026F
      1. Units Sold (6 Level Cross Tabs)
        1. By Equipment Vs End Users Vs Rim Size Vs Tire Type Vs Demand Type
    2. North East Brazil Off the Road (OTR) Vehicle Tire Market Analysis, 2016-2026F
      1. Units Sold (6 Level Cross Tabs)
        1. By Equipment Vs End Users Vs Rim Size Vs Tire Type Vs Demand Type
    3. South Brazil Off the Road (OTR) Vehicle Tire Market Analysis, 2016-2026F
      1. Units Sold (6 Level Cross Tabs)
        1. By Equipment Vs End Users Vs Rim Size Vs Tire Type Vs Demand Type
    4. South East Brazil Off the Road (OTR) Vehicle Tire Market Analysis, 2016-2026F
      1. Units Sold (6 Level Cross Tabs)
        1. By Equipment Vs End Users Vs Rim Size Vs Tire Type Vs Demand Type
    5. Center West Brazil Off the Road (OTR) Vehicle Tire Market Analysis, 2016-2026F
      1. Units Sold (6 Level Cross Tabs)
        1. By Equipment Vs End Users Vs Rim Size Vs Tire Type Vs Demand Type
  12. Brazil Off the Road (OTR) Vehicle Tire Market Key Strategic Imperatives for Success & Growth
  13. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Pirelli
      2. Goodyear Tire and Rubber Company
      3. Bridgestone Corporation
      4. Continental
      5. Michelin Tyres
      6. Triangle Group
      7. Titan
      8. Toyo
      9. Trelleborg
      10. Kumho Tire
      11. Yokohama
  14. Disclaimer
Brazil OTR Tire Market Segmentation
*This field is required