Mexico Off the Road (OTR) Tire

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

By Type of Vehicle (Earth Moving Equipment [Excavator, Loaders, Grader, Bulldozer, Road Roller], Agricultural Equipment [Tractor, Combines, Others], Material Handling Equipment [Crane, Forklifts]), By Read more

  • Tire
  • May 2021
  • 149
  • TR44008

Market Overview

Off-the-road (OTR) tires are large tires used in tractors, forklifts, cranes, bulldozers, and golf carts. They are designed especially for offering more traction on unpaved surfaces like mud, sand, gravel, or loose dirt and are equipped with flexible suspension & deep treads, thereby supporting the vehicle's movement in high terrains.

According to the MarkNtel Advisors' research report, "Mexico Off-the-Road Tire (OTR) Market Analysis, 2021," the market is likely to grow at a CAGR of around 2.88% during 2021-26. The Mexican OTR tire market is an import-dependent industry with an absence of OTR tire production units. The upsurge of the Mexico OTR tire market attributes to the expanding fleet size and increasing sales of Off-highways vehicles. Further, the significantly rising demand for agriculture, construction, & mining machinery is ready to boost the OTR tires market during the forecast period, i.e., 2021-2026. The growing mining activities and the significant deployment of vehicles like earthmoving equipment are further likely to escalate the market growth rate.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2026-26) 2.88%
Key Companies Profiled Goodyear, Pirelli, Continental, Yokohama, Michelin, Bridgestone, CST, Double Coin, Triangle Tires, Zhongce Rubber, etc.
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The COVID-19 pandemic has severely impacted the Mexican economy in the previous few years. The lockdown started in late March 2020, has curbed the economic and restriction-free import & export activities. The fear for the virus spread has made many countries inaccessible to Mexican ports. Moreover, the cessation of economic activities in the second & third quarters of 2020 also reduced the replacement demand for OTR tires due to the decreased requirement for earthmoving equipment in Mexico.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Mexico OTR Tire Market
  4. Mexico 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 Competitors
        1. Competition Characteristics
        2. Units Sold, By Competitors
        3. Competitive Metrix
  5. Mexico 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. Mexico 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
  7. Mexico 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
  8. Mexico Off the Road (OTR) Vehicle Tire Market Trends & Insights
  9. Mexico Off the Road (OTR) Vehicle Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  10. Mexico Off the Road (OTR) Vehicle Tire Market Import Export Statistics
  11. Mexico Off the Road (OTR) Vehicle Tire Market Hotspot & Opportunities
  12. Competition Outlook
  13. 12.1.Competition Matrix
    1. Product Portfolio
    2. Specialization
    3. Target Markets
    4. Target End Users
    5. Research & Development
    6. Strategic Alliances
    7. Strategic Initiatives
  14. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
    1. Goodyear
    2. Pirelli
    3. Continental
    4. Yokohama
    5. Michelin
    6. Bridgestone
    7. CST
    8. Double Coin
    9. Triangle Tires
    10. Zhongce Rubber
  15. Disclaimer
Mexico Off the Road (OTR) Tire Market Segmentation
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