Global off-the-road (OTR) tire market is anticipated to grow at a CAGR of 14.7% during the forecast period (2024-2031). The market growth is attributed to the rising demand for heavy machinery in mining, agriculture, and construction, together with a global increase in infrastructure projects globally driving the growth of the market. Additionally, by raising equipment operator efficiency and reducing downtime, tire technological advancements as enhanced tread patterns and durability promote market expansion. For instance, in January 2023, JK Tyre introduced three new off-the-road tyres (OTR) at the Bauma Conexpo 2023. The new offerings- 26.5-25 Loader Champ 28PR E4/L4 TL, 23X8.50-12 JET TRAX ULTIMA 6PR TL and 23X5.7-12 JET TRAX SUPER II 4PR TL are the latest additions to its existing product portfolio. Catering to the diverse requirements of industrial and mining use, the company offers a comprehensive range of robust products.
Browse the full report description of “OTR Tire Market Size, Share & Trends Analysis Report by Equipment Type (Articulated Dump Trucks, Asphalt Finishers, Backhoe Loaders, Motor Graders, Rigid Dump Trucks, RTLT-Telescopic, Skid-steer Loaders, Wheeled Excavators, Wheeled Loader, and Others), by Tire Type (Radial, Bias, and Solid), and by Application (Construction & Mining Equipment, Agriculture Tractors, Industrial Equipment, and All-Terrain Vehicles) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/otr-tire-market
The construction of off-the-road (OTR) tire load capacity provides a stronger radial carcass with a bigger bead section and stronger ply wires to help deliver uniform product performance. A multi-directional tread pattern with a solid centerline helps support high torque applications with long wear and a smooth ride. For instance, in March 2024, The Goodyear Tire & Rubber Company introduced a new three-star RL-5K off-the-road (OTR) tire for large wheel loaders and wheel dozers. The RL-5K is Goodyear's newest radial OTR tire in the 45/65R45 tire size and is constructed to withstand the air pressure necessary to deliver an increased three-star load capacity, which translates to a 16.0% increase in load carrying capacity.
Farm loaders require dependable grip in all-weather situations as they are utilized in soil labour, manure removal, building silage piles, packing silage, and loading scales in dairy farms and other livestock businesses. The strong, buttressed shoulders of the lugs along the outside portion of the tread give extra grab, and they are nearly perpendicular for optimal traction. For instance, in March 2023, Yokohama introduced a new Galaxy Hippo All-Steel Radial Tire. The new Galaxy Hippo all-steel radial from Yokohama Off-Highway Tires America, Inc. pushes traction to a completely new level for bucket loaders. The high-traction pattern is ideal for loaders working in dirt on construction sites, or farms and dairies.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Equipment Type
o By Tire Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Bridgestone Americas Tire Operations, LLC, Continental Reifen Deutschland GmbH, The Goodyear Tire & Rubber Company, Toyo Tire Corp. and Yokohama Off-Highway Tires America, Inc. among others.
Key questions addressed by the report.
Global OTR Tire Market Report Segment
By Equipment Type
By Tire Type
By Application
Global OTR Tire Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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