Off-the-Road (OTR) Tire Market Drivers, Challenges & Opportunities

Off-the-Road (OTR) Tire Market Consumer Behavior, Demand and Forecast

The Off-the-Road (OTR) tire market is forecasted to expand from USD 18.53 billion in 2025 to USD 28.08 billion by 2034, growing at a CAGR of 4.73% from 2025 to 2034.

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The off-the road (OTR) market is an integral branch of the automotive and transportation industry. This industry deals in manufacturing and distribution of tires for performing off-roading activities. There are various types of tires manufactured in this industry comprising of radial tires, bias tires, solid tires and some others. These tires are available in different sizes in the market including Below 31 inches, 31 – 40 inches, 41 – 45 inches and above 45 inches. The off-road tires are manufactured using numerous materials including rubber compound, reinforcing material and some others. The rising development in the agricultural sector has contributed to the market expansion. This market is likely to rise significantly with the growth of the Industrial sector.

• According to the India Brand Equity Foundation, the agricultural export from in India in 2020 was US$ 35.09 billion that rose to US$ 48.77 billion in 2024.

Highlights of the Off-the-Road (OTR) Tire Market

• Asia Pacific dominated the off-the-road tire market due to rise in number of residential constructions in countries such as China and India.
• North America is projected to grow with a notable growth rate due to the growing development in the mining sector in U.S. and Canada.
• The bias tires segment held the largest share of the market due to the increasing demand for durable tires from the industrial sector.
• The aftermarket segment led the market due to the upsurge in demand for replacement tires from the construction sector.

Stats and Figures

• According to the Indian Bureau of Mines, the estimated value of mineral production (excluding fuel minerals, atomic minerals and minor minerals) was Rs.12561 crores in November 2024.
• According to the ICRA, India’s tire demand is likely to increase by 6-8% during the financial year 2023-24.
• According to the World Gold Council, around 321.8 tons of gold was mined in Russia during 2023.
• According to the TST Europe, total construction spending in the U.S. reached US$ 1.98 trillion in 2024, an increase of 7.4% from the previous year.

Industry Leader Announcement

In December 2024, Anuj Kathuria, President (India), JK Tyre & Industries made an announcement stating that, “JK Tyre consistently pushes the boundaries of innovation in the OTR tyre segment, delivering solutions that are both robust and specifically designed to boost productivity in its sector. Our latest OTR tyres are engineered to excel in the most challenging terrains, offering unparalleled durability and efficiency for heavy-duty machinery in the mining sector. As a front-runner in the segment, we are dedicated to advancing performance, setting new standards in tyre technology, and enhancing the overall productivity in OTR industry.”

Competitive Landscape

The off-the-road-tire market is a fragmented market with the presence of numerous players. Some of the prominent market players in this market includes Bridgestone Corporation (Japan), the Goodyear Tire & Rubber Company (U.S.), Balkrishna Tyres Ltd. (BKT) (India), Guizhou Tire Co. Ltd. (China), Linglong Tire (China), Pirelli (Italy), Prinx Chengshan (Shandong) Tire Co. Ltd. (Chengshan Group) (China), Double Coin Holdings (China), Zhongce Rubber Group Co. Ltd. (China) and some others. This market players are investing heavily for developing advanced off-roading tires and adopting numerous strategies to maintain their dominant position in the industry.

• According to the annual report of Michelin, the revenue of specialties segment in 2022 was 6990 million euros in 2022 that increased 7029 million euros in 2023.

Market Segmentations

By Tire Type

• Radial
• Bias
• Solid

By Industry

• Construction
• Agriculture
• Mining
• Industrial
• Port

By Sales Channel

• OEM
• Aftermarket

By Vehicle Type

• Earthmovers
• Loaders & Dozers
• Tractors
• Forklift
• Others

By Tire Size

• Below 31 inches
• 31 – 40 inches
• 41 – 45 inches
• Above 45 inches

By Material

• Rubber Compound
• Reinforcing Material
• Others

By Tire Weight

• Upto 2000 lbs
• 2001 to 4000 lbs
• Above 4000 lbs

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa