Puerto Rico OTR Tire Market Research Report: Forecast (2025-2030)

Market Definition

Off-the-Road (OTR) tires are used in non-road areas such as uneven or rough surfaces, mining sites, construction sites, etc. They are more rigid and stiffer than normal tires.

Market Insights & Analysis: Puerto Rico OTR Tire Market (2025-30):

The Puerto Rico OTR Tire Market size was valued at around USD42.13 Million in 2024 and is expected to reach USD72.43 Million in 2030. Along with this, the market is estimated to grow at a CAGR of around 9.16% during the forecast period, i.e., 2025-30. As Puerto Rico is the manufacturing hub for the pharmaceutical industry, the country’s export rates are high, and it has become the largest exporter of medicines and pharmaceutical products that require more OTR Tires for the logistics market and freight chains. Additionally, the rapidly growing construction projects make the OTR tires a potential tool for the projects. For example, the modernization and improvements of the San Juan Bay cruise terminals. It requires such equipment, consisting of OTR tires.

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Moreover, the OTR Tire is not only limited to construction or mining. They are being used for carrying heavy loads and various industrial applications. Additionally, the country being oil and mineral-deficient, there has been a rapid increase in the number of imports, which results in high demands for heavy material lifting, handling, and shifting. Thus, the demand for OTR tires has increased. For instance, as per the census of U.S. International Trade, 2025, the imports of the U.S., including Puerto Rico, have approximately increased to USD 352 billion, hence increasing the growth of the market.

Additionally, the latest innovations in OTR tires have increased the market growth rate. These technologies result in advanced durability and safety of the tires. It increases their efficiency and shelf life, which results in the rapid adoption of such innovative tires for the sake of safety. Also, this leads to cost-effectiveness as the shelf life increases. However, on a large scale, the market is also facing some challenges, such as high initial costs, supply chain disruptions occurring at the cross-country levels, recycling, and re-treading the OTR Tires, etc. Additionally, small-scale farmers generally choose the re-treading alternatives due to cost-effectiveness, which also hinders market growth.

Puerto Rico OTR Tire Market Driver:

Rapid Expansion of Manufacturing Exports – Puerto Rico has been a leading manufacturing hub for Bioscience in the U.S. for more than 65 years. As a result, it has become the 2^nd largest exporter of pharmaceutical products in the U.S. For instance, as per the U.S. Bureau of Labour Statistics, 2023, Puerto Rico alone holds nearly 16% of the total pharmaceutical U.S. exports, which account for more than USD 20 billion. Additionally, medical equipment manufacturing and supplies, after pharmaceutical products, have been the second largest export in Puerto Rico. To supply these materials from the relevant ports to the warehouses and the end-users, the material handling equipment is used for tremendous work and material shifting, thus driving the OTR Tire Industry. Also, there are almost eleven ports in Puerto Rico, and all the ports have this kind of material handling equipment to support the huge amounts of logistics. This results in the enormous applications of the OTR Tires in exports.

Moreover, the country has limited chemicals, oils, and mineral products, which results in a large dependency on the imports of such materials. Hence, the rate of imports has increased. For instance, the average value for the total imports of the above-mentioned materials in Puerto Rico was around USD 4391 million in 2024. This leads to an increase in logistics, which enables the wide-range applications of OTR tires in the market.

Puerto Rico OTR Tire Market Opportunity:

Rising Focus of the Government on Infrastructure Development – In recent years, the government of Puerto Rico has been allocating substantial funds to improve the infrastructure of the country to attract Foreign Direct Investments (FDI) in the country. For instance, the government has funded about USD 233 million in 2025 and is planning to invest around USD 237 million in 2026 to improve the development of infrastructure in the country. This leads to an increase in construction projects. For example, there are currently more than 200 ongoing construction projects related to improving the roads and highways and modifying the public infrastructures in Puerto Rico, which implant the need for various activities such as digging, transportation of heavy-construction raw materials like concrete and lumber, and the loading and unloading of heavy trucks to uneven and rough construction sites. This increases the usage of material handling and earthmoving equipment, hence, the demand for the OTR Tire increases rapidly.

Puerto Rico OTR Tire Market Challenge:

Re-treading and Reusing the OTR Tires – The rise in innovative re-treading technologies for the OTR tires hinders market growth. In recent years, the country has witnessed an increase in rubber waste caused by tires, including OTR tires. As a result, the government & public entities are encouraging the usage of re-treaded tires. Also, the growing concerns for environmental protection have resulted in opting for tire re-treading as a strategic move to achieve sustainability and a tool to lessen the burden of pollution produced by rubber waste. For instance, in 2025, the 70^th OTR Tire Conference was held in Puerto Rico to spread awareness about re-treading and also launched an innovative water jet technology for re-treading the OTR tires. This innovation helped to increase the shelf-life of OTR tires and contributes to the sustainability of OTR tires. Due to these factors, the usage of re-treaded tires has increased, slowing down the demand for OTR tires.   

Moreover, in some sectors like agriculture, small-scale farmers opt for re-treaded OTR tires due to the cost-effectiveness, which is further restraining the growth of OTR tires in Puerto Rico.

Puerto Rico OTR Tire Market Trend:

Increasing Adoption of Advanced Technologies in the OTR Tire Industry – The adoption of advanced technologies is trending in the country, which results in rapid innovations in the OTR tire industry. These innovations involve the manufacturing of OTR Tires with high durability, safety, and enhanced efficiency. Customers and workers prefer the modified versions of the OTR tires over the traditional ones, as several dangerous working sites need to be taken care of. That’s why the demand for these innovative tires has increased. For instance, AME International introduced a couple of groundbreaking products named the Gator Bite Wedges and the 3-Step, which were unveiled at the OTR-Tire Conference held in San Juan, Puerto Rico, with enhanced safety, superior grip, anti-slipping features, more resistance, a high life-span, more strength, and more efficiency.

Puerto Rico OTR Tire Market (2025-30): Segmentation Analysis

The Puerto Rico OTR Tire Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment. It includes predictions for the period 2025–2030. Based on the analysis, the market has been further classified as:

Based on Type of Equipment:

• Agricultural Equipment
• Material Handling Equipment
• Earth Moving Equipment

Among these three, earth moving equipment holds the largest market share of about 40%. As the infrastructure industry is growing rapidly in Puerto Rico. This emerging industry requires heavy materials lifting, transportation, etc., and to make this demand reliable, earth-moving equipment such as excavators, motor graders, side loaders, wheel loaders, tractors, etc., are booming in the market.  For instance, the infrastructure is increasing as the construction of highways PR-22 and PR-5 for the improvement of road safety and time management in covering the distance from one end to another.

Moreover, the government plans to improve the recycling infrastructure to facilitate the recycling of waste materials that need transportation from their sites of dumping to the recycling firms, which utilize dump trucks that help in transporting high amounts of loose materials like soil debris, etc. For instance, as per the EPA (Environment Protection Agency), 2023, Puerto Rico is funded by the municipality with about USD 4 million to collect recyclable materials from nearby schools and homes.

Based on End-Users:

• Industrial
• Construction
• Mining
• Agricultural
• Ports

The construction segment attains the largest share of about 40% in the OTR Tire Market in Puerto Rico. The rapidly growing industrialization has led to continuous improvements in the infrastructure. As a result, various ongoing construction projects are there in the country that demand heavy-duty vehicles with rigid tires to fuel the construction projects. For example, the Infrastructure Investment and Jobs Act continues to allocate funds over fiscal years 2022 through 2026 to assist the Commonwealth of Puerto Rico in constructing and improving bridges, roads, and the necessary inter-island connectors. For example, as per the US Department of Transportation, 2023, the construction of Naranjito Rehabilitation of cable-stayed Bridge over the La-Palata River to provide more connectivity. Hence, the demand for the OTR Tires has increased.

Moreover, the agricultural segment also acquired a large share of the market. The rapid rise in agricultural activities drives the OTR tire market for various activities such as plowing, sowing, irrigating the fields, etc. For instance, as per the USDA (the U.S. Department of Agriculture), 2022, there is a 45% increase in the value of agriculture from the last four years, i.e., 2018, and is projected to increase further in coming years. So, the market of OTR Tires in vehicles, such as graders, plows, backhoe loaders, etc., is rapidly growing and elevating agricultural activities.

Puerto Rico OTR Tire Industry Recent Development:

• 2025: Yokohama Rubber Co., Ltd. plans to launch the BluEarth 722L model in March 2025, which is fuel-efficient and called the all-season tire for trucks and buses that transport long distances with high wear, and is cost-effective.
• 2024: Prometeon Tyres Group S.R.L. launched their first 02 Prometeon-branded Tires, which include two types of Tires named R02 Proway and R02 Proway M1 lines, designed for countries with high operational severity by considering the temperature and climatic conditions.

Gain a Competitive Edge with Our Global Puerto Rico OTR Tire Market Report

1. Puerto Rico OTR Tire Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Puerto Rico OTR Tire Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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