Uruguay Off the Road (OTR) Tire Market Analysis, 2021 

Uruguay Off the Road (OTR) Tire Market Analysis, 2021 

By Type of Equipment (Earth Moving Equipment [Excavator, Grader, Loader, Bulldozer, Road roller], Material Handling Equipment [Forklifts], Agricultural Equipment [Tractor, Combines, Others]), By End-U Read more

  • Tire
  • Sep 2021
  • 102
  • TR44013

Off-the-Road (OTR) Tire also known as Mud-Terrain Tires & All-Terrain Tires. The structure of these tires is typically more rigid and robust as compared to street tires. The tread blocks of these tires are aggressive-looking, designed to grip firmly on terrains with sand, mud, and rocks. Unlike others, these tires use a softer rubber, which offers a better grip on rough surfaces.

The “Uruguay Off-the-Road (OTR) Tire Market” is projected to grow at a CAGR of around 5.11% during the forecast period i.e. 2021-26, says MarkNtel Advisors. The Uruguay OTR Tire Market witnessed snowballing growth owing to increasing agriculture & construction activities, particularly in industrial, residential, & commercial sectors. The introduction of the Public-Private Partnership (PPP) model to deliver new construction projects, increasing government focus on building extensive road infrastructure, and soaring spending on the power sector, water & sanitation, etc., are further anticipated to place a lucrative opportunity for the growth of OTR tire market in the coming five years.

The research report, “Uruguay Off-the-Road (OTR) Tire Market Analysis, 2021,” depicts a deep-dive market analysis of market statistics, which mainly consists of region-wise market size, market forecast, CAGR & market share of market segmentation, competitive benchmarking, and key market drivers & restraints.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 5.11%
Key Companies Profiled Bridgestone, MAXAM tires, Techking Tires Ltd., Balkrishna Industries Limited (BKT), Continental AG, Fabrica Uruguaya de Neumaticos S.A. (FUNSA), Triangle, Others
Unit Denominations USD Million/Billion

 

COVID-19 Pandemic Impact on the Market Growth

The mobility restrictions caused due to the COVID-19 led to a sudden halt in construction activities in Uruguay throughout 2020. The turbulence in the country’s supply chain caused by the import restrictions during 2020 had negatively impacted the OTR tire sales in Uruguay.

Since Uruguay is an import-driven market for OTR tires, it saw a decline in demand for earthmoving & material handling tires because of the sluggish construction activities and the impact on the trading through seaports and cross-country borders. This, in turn, led to the decreasing sales of Off-Road Tires used in earthmoving & material handling equipment.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Uruguay OTR Tire Market
  4. Uruguay 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. Uruguay 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. Uruguay 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. Uruguay 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. Uruguay Off the Road (OTR) Vehicle Tire Market Trends & Insights
  9. Uruguay Off the Road (OTR) Vehicle Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  10. Uruguay Off the Road (OTR) Vehicle Tire Market Policy & Regulations
    1. Import Tariff
    2. Anti- Dumping Duties
    3. Rubber or Carbon Norms
  11. Uruguay Off the Road (OTR) Vehicle Tire Market Import Export Statistics
  12. Uruguay Off the Road (OTR) Vehicle Tire Market Hotspot & Opportunities
  13. Uruguay Off the Road (OTR) Vehicle Tire Market Key Strategic Imperatives for Success & Growth
  14. 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. Bridgestone
      2. MAXAM tires
      3. Techking Tires Ltd.
      4. Balkrishna Industries Limited (BKT)
      5. Continental AG
      6. Fabrica Uruguaya de Neumaticos S.A. (FUNSA)
      7. Triangle
  15. Disclaimer
Uruguay Off The Road (OTR) Tire  Market Segmentation
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