Nigeria Off the Road (OTR) Tire Market Size, Share

Nigeria Off the Road (OTR) Tire Market Research Report: Forecast (2025-2030)

Nigeria Off the Road (OTR) Tire Market Report - By Type of Vehicle (Earthmoving Equipment, [Excavator, Loaders, Bulldozers, Graders, Road Roller, Others], Agricultural Equipment, [......Tractors, Combined Harvester, Farm Trucks, Others], Material Handling Equipment, [Cranes, Forklifts, Others], By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), By Demand Type (OEM, Replacement), By Type of Tire (Radial, Bias), By Sales Channel (Exclusive Stores, Authorized Dealers or Distributors, Online, Others), By Price Category (Budget (Upto USD500 per unit), Economy (USD501 to 1,500 per unit), Premium (Above USD1,500 per unit)), By Region (North, South, East, West) and Others Read more

Tire
Oct 2024
Pages 129
Report Format: PDF, Excel, PPT

Market Definition

Off-the-road (OTR) tires are large & durable tires with deep tread patterns designed for use on heavy-duty vehicles that provide better traction on unpaved surfaces like rocks, boulders, sand, dirt, snow, & mud. OTR tires are utilized extensively across different sectors like construction, mining, recreation, & agriculture, among others as they offer high heat & rolling resistance and superior durability. They come in many sizes and designs to suit different types of applications and vehicles such as dump trucks, loaders, bulldozers, and agricultural machinery.

Market Insights & Analysis: Nigeria Off the Road (OTR) Tire Market (2025-30):

The Nigeria Off the Road (OTR) Tire Market size is valued at around USD 70 million in 2024 and is projected to reach around USD 87 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.8% during the forecast period i.e., 2025-30. Nigeria is located in West Africa and bordered by the Atlantic Ocean to the south. Being a coastal location, it facilitates international trade by lowering logistical costs and delays in shipping. Trade among countries needs transportation through the sandy beaches of Nigeria to load the goods on the ships utilizing heavy machinery, thereby boosting the industry for OTR tires. Also, these coastal regions are gradually attracting tourism to the country, elevating the demand for infrastructure developments like hotels, restaurants, and resorts. These construction projects necessitate heavy vehicles and equipment with specialized OTR tires for construction sites. Vehicles such as excavators, loaders, bulldozers, and road rollers require durable OTR to work in the diverse conditions of the construction sites.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Value in 2024	USD 70 Million
Market Value 2030	USD 87 Million
CAGR (2025-30)	3.8%
Top Key Players	Pirelli, Michelin, Bridgestone, Continental, Goodyear, Zhongce Rubber, Triangle, Yokohama, BF Goodrich, Double Coin, and Others
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation, Recent Strategic Moves by Companies, Primary Stakeholders, Analysis of Import and Export Trends, Competitive Landscape Assessment, Emerging Opportunities, Market Trends and Indicators

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Additionally, the demand for OTR tires is driven by various government initiatives for the agriculture and farming sectors to elevate the economy. Agricultural equipment like Plows, Cultivators, Tractors, Harvesters, and Transport Trucks being used in the rugged field need specialized OTR tires.

Moreover, the evolving mining sector has driven demand for heavy-duty tires used in mining equipment. The government is taking a new look at the mining industry to diversify the economy. The government has been focusing on the environmental damage caused by old mining operations, and the illegal mining of gold by the Chinese. The growth in the mining sector also attracts various investors thus opening the doors for OTR Tire manufacturers and dealers. The construction sector empowered by government plans to build infrastructures to meet the rising population rate in the country thus driving the demand for the OTR tire in vehicles used for construction. Likewise, the IT sector necessitates infrastructure development for workplaces, roads, bridges, and residential buildings for working professionals. The infrastructure development ultimately enhances the demand for heavy vehicles and robust OTR tires. However, certain factors are impacting the Nigerian economy such as the floating of the Naira and the removal of fuel subsidies have caused high inflation in the region, and resulted in markets slowing down. Thus consumers are moving towards low-cost tire options from emerging Chinese manufacturers in the region. This has impacted the demand for OTR tires in the current times but the market is expected to recover in 2026.

Market Segmentation
Research Methodology
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Nigeria Off the Road (OTR) Tire Market Trends & Development
Nigeria Off the Road (OTR) Tire Market Industry Dynamics
1. Drivers
2. Challenges
Nigeria Off the Road (OTR) Tire Market Hotspot & Opportunities
Nigeria Off the Road (OTR) Tire Market Policies, Regulations, Product Standards
Nigeria Off the Road (OTR) Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Units Sold (Thousands)
  2. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Earthmoving Equipment- Market Size & Forecast 2020-2030, Thousand Units
      1. Excavator- Market Size & Forecast 2020-2030, Thousand Units
      2. Loaders- Market Size & Forecast 2020-2030, Thousand Units
      3. Bulldozers- Market Size & Forecast 2020-2030, Thousand Units
      4. Graders- Market Size & Forecast 2020-2030, Thousand Units
      5. Road Roller- Market Size & Forecast 2020-2030, Thousand Units
      6. Others- Market Size & Forecast 2020-2030, Thousand Units
    2. Agricultural Equipment- Market Size & Forecast 2020-2030, Thousand Units
      1. Tractors- Market Size & Forecast 2020-2030, Thousand Units
      2. Combined Harvester- Market Size & Forecast 2020-2030, Thousand Units
      3. Farm Trucks- Market Size & Forecast 2020-2030, Thousand Units
      4. Others- Market Size & Forecast 2020-2030, Thousand Units
    3. Material Handling Equipment- Market Size & Forecast 2020-2030, Thousand Units
      1. Cranes- Market Size & Forecast 2020-2030, Thousand Units
      2. Forklifts- Market Size & Forecast 2020-2030, Thousand Units
      3. Others- Market Size & Forecast 2020-2030, Thousand Units
  2. By Tire Size
    1. Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
    2. Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
    3. Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
    4. Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
    5. Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units
  3. By Demand Type
    1. OEM- Market Size & Forecast 2020-2030, Thousand Units
    2. Replacement- Market Size & Forecast 2020-2030, Thousand Units
  4. By Type of Tire
    1. Radial- Market Size & Forecast 2020-2030, Thousand Units
    2. Bias- Market Size & Forecast 2020-2030, Thousand Units
  5. By Sales Channel
    1. Exclusive Stores- Market Size & Forecast 2020-2030, Thousand Units
    2. Authorized Dealers or Distributors- Market Size & Forecast 2020-2030, Thousand Units
    3. Online- Market Size & Forecast 2020-2030, Thousand Units
    4. Others- Market Size & Forecast 2020-2030, Thousand Units
  6. By Price Category
    1. Budget (Upto USD500 per unit)- Market Size & Forecast 2020-2030, Thousand Units
    2. Economy (USD501 to 1,500 per unit)- Market Size & Forecast 2020-2030, Thousand Units
    3. Premium (Above USD1,500 per unit)- Market Size & Forecast 2020-2030, Thousand Units
  7. By Region
    1. North
    2. South
    3. East
    4. West
  8. By Company
    1. Competition Characteristics
    2. Company Share & Analysis
Nigeria Earthmoving Equipment Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Units Sold (Thousands)
  2. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
Nigeria Agricultural Equipment Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Units Sold (Thousands)
  2. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
Nigeria Material Handling Equipment Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. By Units Sold (Thousands)
  2. By Revenue (USD Million)
2. Market Share & Analysis
  1. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
Nigeria Off the Road (OTR) Tire Market Key Strategic Imperatives for Growth & Success
Competitive Outlook
1. Company Profiles
  1. Pirelli
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Michelin
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Bridgestone
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Continental
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Goodyear
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Zhongce Rubber
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Triangle
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Yokohama
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. BF Goodrich
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Double Coin
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
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.

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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