Off-the-Road Tire Market by Product (Radial Tires, Bias Tires and Non-Pneumatic Tires), Vehicle Type (Earthmovers, Loader & Dozers, Graders, Material Handling Equipment and Tractors & Agricultural Equipment), End-Users (Construction, Industrial, Mining, Agriculture, Ports and Other), Target Market (Original Equipment manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2027
A07147 | Pages: NA | Jun 2021 | 773 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Off-the-road Tire Market
Request Now !Off-the-Road Tire Market Outlook -2027Â
Off-the-road (OTR) tires are largely utilized in heavy-duty vehicles for off-road applications in mining, agriculture logistics, and housing industries. Growth of the housing industry in developing countries has fueled the demand for construction and material handling equipment, which in turn is expected to boost the growth of the off-the-road tires market significantly. The growth of the market is further driven by rise in use of off-the-road vehicles such as cranes, wheel loaders, telescopic handlers, tractors, and special purpose vehicles.Â
Market scope and structure analysis:
        Report Metric |                         Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Product, Vehicle, End Users, Target Market, Geography |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | Bridgestone, Michelin, Goodyear, Yokohama Tire, China National Tire & Rubber, MRF, Continental, Belshina, Cheng-Shin Rubber, and Eurotire |
Â
COVID-19 scenario analysis:
- With the shutdown of all the major industries there is almost zero demand for the tiers or vehicles, which is expected to hamper the market growth. In addition, the inventory kept with tire manufacturers has risen to one month’s worth of production.
- The producers are currently working on strategies, such as production cut, to reduce stockpiling.
- The tire manufacturers are also facing difficulties with the storage space due to the lockdown.
- The slump in tire demand has also nullified the benefits of a sharp decline in natural rubber prices.
- Farmers are unable to tap rubber because of lack of labor, due to which all major activities have been put to halt until further notice.Â
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysisÂ
The factors such as increase in the sales of off-highway vehicles and rise in farm mechanization boost the growth of the global off-the-road tire market. Moreover, extreme weather conditions and low-cost tires from an unorganized market restrain the growth of the global market. However, introduction of eco-friendly off-the-road tires is anticipated to provide lucrative growth opportunity for the market expansion.
The global off the road tire market trends are as follows:
Increase in the sales of off-highway vehiclesÂ
Off-the-road vehicles industry is currently witnessing a complete change in manufacturing globally. The major factor that boost the growth of the off-the-road vehicles market is increase in adoption of off-road vehicles in military and recreational operations. Off-road trucks are utilized in military operations to move cargo, fuels, and ammunition. These vehicles also are utilized for the transportation of heavy loaded weapons during wars. Furthermore, advanced technologies like GPS on these vehicles, for creating field boundaries and marking field lines, permit to decrease soil compaction and save planting time by plotting the lines.Â
Increase in farm mechanizationÂ
Off-Road machines are used to carry out major day-to-day operations in the farm and agriculture industry. Utility off-road vehicles are utilized for agricultural operations as an example in crop plotting and scouting, for selecting rocks, for irrigation purposes, and so on. Nowadays, most of the work is been carried out using this machinery in the fields, which leads to replacement of tires at regular intervals which will boost the growth of global off the road tire market in the forecasting period.
Key segments covered:
        Segments |                Sub-segments |
 Product |
|
 Vehicle Type |
|
 End Users |
|
 Target Market |
|
Â
Key benefits of the report:
- This study presents the analytical depiction of the global market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global off-the-road tire market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global off-the-road tire market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global off-the-road tire market analysis based on competitive intensity and how the competition will take shape in the coming years.Â
Questions answered in the off the road tire market research report:Â
- Which are the leading market players active in the off the road tire market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Off-the-Road Tire Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers