North America Off the Road (OTR) Tire

North America Off the Road (OTR) Tire Market Research Report: Forecast (2022-27)

By Type of Vehicle (Earth Moving Equipment, Agricultural Equipment, Material Handling Equipment), By Product (Excavator, Backhoe Loader, Crawler Loaders, Grader, Bulldozer, Motor Grader, Dump Trucks, Read more

  • Tire
  • Apr 2022
  • 188
  • TR44004

Market Definition

The automotive & tire sectors across North America are vast & rapidly expanding. Several countries across the region are showcasing a swift acceleration in the vehicle fleet and thus positively influencing the demand for tires. Moreover, with the extensive presence of prominent automakers & tire manufacturers, the region is anticipated to generate lucrative prospects for the tire industry in the coming years. 

Market Insights

The North America Off the Road (OTR) Tire Market is projected to grow at a CAGR of around 6.42% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the increasing government focus on infrastructural developments, i.e., displaying a swift escalation in the number of housing facilities & industries, along with the construction of roads, railways, & airports, among others. It, in turn, is augmenting the need for heavy commercial vehicles and fueling the sales of OTR tires. Besides, various ongoing & upcoming construction projects, i.e., leading to the deployment of cranes, bulldozers, etc., is another aspect infusing the demand for OTR tires and driving the market.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 6.42%
Country Covered The United States, Canada, Mexico
Key Companies Profiled

Michelin, Goodyear, Bridgestone, Continental, Zhongce Rubber, Kumho, Toyo, Yokohama, Trelleborg, Triangle Group

Unit Denominations USD Million/Billion

 

In addition, the region is also undergoing increasing mining activities and propelling the need for fully mechanized equipment to attain operational efficiency. The same aspect is boosting the demand for OTR tires & generating growth opportunities for the leading tire manufacturers to expand their production in the years to come. 

Moreover, the growing consumer inclination toward buying dirt bikes & sports vehicles for recreational purposes is also contributing to the rapidly growing tire industry. Nevertheless, technological advancements in tires like the integration of sensors for monitoring their condition and minimizing the possibilities of accidents further project remunerative prospects for the North America Off the Road (OTR) Tire Market in the coming years.

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

The emergence of Covid-19 in 2020 severely affected various industries across North America and introduced several unprecedented challenges for the leading players in the Off the Road (OTR) Tire Market. Lockdowns and trade & movement restrictions led to the suspension of all business operations associated with the tire industry. As a result, tire manufacturers faced significant revenue losses owing to raw material shortages, supply chain disruptions, delivery & production delays, etc.

Regardless, with a gradual decline in the number of Covid-19 cases across North America, the upliftment of restrictions & recommencement of business operations enabled tire manufacturers to resume their production units to cater to the burgeoning end-user requirements across the region. Furthermore, in light of the pandemic, several tire manufacturers adopted digitalization to sell their products via e-commerce platforms and offer door-step delivery & installation of tires to their customers.

  1. Introduction
    1. Research Process
    2. Assumptions
    3. Glossary
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What the experts say?
  4. North America Off the Road Vehicle Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Earthmoving & Construction Equipment
          1. Excavator
          2. Backhoe Loaders
          3. Crawler Loaders
          4. Bulldozers
          5. Motor Graders
          6. Dump Trucks
        2. Agricultural Vehicle
          1. Tractors
          2. Combined Harvester
          3. Farm Trucks
          4. Others
        3. Material Handling Vehicle
          1. Cranes
          2. Forklifts
          3. Tippers
          4. Others
      2. By OEM Vs Aftermarket
      3. By Radial Vs Bias
      4. By Country
        1. The United States
        2. Canada
        3. Mexico
      5. By Season
        1. All Season
        2. Summer
        3. Winter
      6. By Sales Channel
        1. Exclusive Stores
        2. Authorized Dealers or Distributors
        3. Others
      7. By Price Category
        1. Budget
        2. Economy
        3. Premium
      8. By Rim Diameter
        1. 20"- 25"
        2. 26"-35"
        3. 36"-48"
        4. Above 48"
      9. By Company
        1. Market Share, By Competitors
        2. Competitor Strategic Factorial Indexing
        3. Competitor Evaluation on MarkNtel Quadrant
  5. North America Earthmoving & Construction Equipment Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Excavator
        2. Backhoe Loaders
        3. Crawler Loaders
        4. Bulldozers
        5. Motor Graders
        6. Dump Trucks
      2. By OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Country
      5. By Season
      6. By Sales Channel
      7. By Price Category
  6. North America Agricultural Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Tractors
        2. Combined Harvester
        3. Farm Trucks
        4. Others
      2. By OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Country
      5. By Season
      6. By Sales Channel
      7. By Price Category
  7. North America Material Handling Vehicle Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Cranes
        2. Forklifts
        3. Tippers
        4. Others
      2. By OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Country
      5. By Season
      6. By Sales Channel
      7. By Price Category
  8. The United States Off the Road Vehicle Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Region
      5. By Season
      6. By Sales Channel
      7. By Price Category
      8. By Rim Diameter
  9. Canada Off the Road Vehicle Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Region
      5. By Season
      6. By Sales Channel
      7. By Price Category
      8. By Rim Diameter
  10. Mexico Off the Road Vehicle Tire Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Units Sold
      2. Industry Revenue
    2. Market Share & Analysis
      1. By Type of Vehicle
      2. By OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Region
      5. By Season
      6. By Sales Channel
      7. By Price Category
      8. By Rim Diameter
  11. North America Off the Road Vehicle Tire Market Trends & Insights
  12. North America Off the Road Vehicle Tire Market Industry Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  13. North America Off the Road Vehicle Tire Market Hotspot & Opportunities
  14. North America Off the Road Vehicle Key Strategic Imperatives of Success
  15. North America Off the Road Vehicle Tire Market Outlook, 2017-2027
  16. North America Off the Road Vehicle Tire Market Porter’s Five Forces Analysis
  17. North America Off the Road Vehicle Tire Market Import Export Statistics
  18. North America Off the Road Vehicle Tire Market 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
      1. Michelin
      2. Goodyear
      3. Bridgestone
      4. Continental
      5. Zhongce Rubber
      6. Kumho
      7. Toyo
      8. Yokohama
      9. Trelleborg
      10. Triangle Group
  19. Disclaimer
 North America Off the Road (OTR) Tire Market Segmentation
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