Market Overview

Global Off-The –Road Tire Market 2020 Industry Recent Developments, Size, Emerging Trends, Growth, Progression Status, Latest Technology, and Forecast Research Report 2023

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Global Off-the-road tire market Information by Construction Type (Bias, Belted bias and Radial), by Vehicle type (Mining, Agriculture Vehicles, Construction and Industrial Equipment and Others), by distribution channel (OEM and Aftermarket) And Region – Forecast To 2023

Global Off-the-road tire market Highlights

The global market for off-the-road tire market is projected to grow at a CAGR of 6% by 2023. It is an important market and is estimated to expand during the forecast period. The expansion of the off-the-road tire market 2020 is affected by enforcing the strict and stringent vehicular emission and fuel financial measures. The primary factor contributing to the development of the market is the mining application. Tires are a crucial element for the efficient operation of vehicles. The resistance experienced by the vehicle while it is in the motion, occurs due to rolling resistance of tires. Tires which possess lower rolling resistance use lesser fuel. Government of several countries have taken initiatives to advocate the manufacturing and adoption of tires by the producers for controlling adverse emissions. Hence, the establishment of stringent vehicular emission and fuel economy norms impact the growth of the off-the-road tire market. Additionally, the expansion in the construction and mining sector coupled with the rise in production of off-the-road vehicles is believed to upsurge the growth of the market. However, significant capital expenditure demanded for the establishment of production facility for the off-the-road tires, is supposed to act as an obstacle during the forecast tenure.

MRFR profiled key global Off-The-Road Tire Market players. They are:

The eminent players of global off-the-road tire market consists of The Yokohama Rubber Company (Japan), Apollo Tyres (India), Giti Tire (Singapore), Michelin (France), JK Tyre & Industries Ltd (India), Continental AG (Germany), Cheng Shin Rubber Industry Co (Taiwan), Nokian Tyres plc (Finland), Balkrishna Industries (BKT) (India), Bridgestone (Japan), Pirelli & C. S.p.A. (Italy), The Titan Tire Corporation (U.S.), Oyo Tire & Rubber Co., Ltd. (Japan), Trelleborg AB (Sweden) and others.

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Segmental Study

The global off-the-road tire market is classified on the basis of region, distribution channel, vehicle type and construction type. On the basis of region, off-the-road tire market can be segmented into North America, Asia Pacific, Europe and the Rest of the World (Row). On the basis of distribution channel, off-the-road tire market can be segmented into Aftermarket and OEM. Among the distribution channels, the original equipment manufacturers are estimated to lead the distribution channel segment. OEM vertical is expected to expand at a higher rate than aftermarket. Owing to the increase in production of the off-the-road vehicles and the rise in number of OEM production facilities in the developing nations. On the basis of vehicle type, off-the-road tire market can be classified into Construction and Industrial Equipment, Agriculture Vehicles, Mining and others. On the basis of construction type, off-the-road tire market can be classified into Radial, Belted Bias and Bias. Of all construction types, the bias segment is expected to hold the maximum market share. The construction of the bias tires cords and the cross-ply are utilised in a way that they stretch from bead to bead.

Regional Segmentation On the basis of region, the market has been segmented into North America, Asia Pacific, Europe and the Rest of the World (RoW). Of all the areas, the Asia-Pacific is projected to dominate the global off-the-road-tire market. In the APAC region, China is the preeminent producer of off-the-road vehicles and it also procures the maximum number of sales, which results in the expansion of the market region. Countries like Japan, India, Thailand and Malaysia are also witnessing an upsurge in the trade of off-the-road tires and vehicles. The boost in construction and agriculture industry is also meant to increase the sales and thereby assisting in the expansion of the market at a global level. The second position is attained by the North American market, followed by Europe.

Scope of Report

The report for Global Off-the-road tire market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Key Questions Addressed by the Report

  • What was the historic market size (2020)?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate by 2023?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENT

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

 

LIST OF TABLES

TABLE 1 GLOBAL OFF-THE-ROAD TIRE MARKET: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023

TABLE 3 EUROPE OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023

TABLE 4 ASIA PACIFIC OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023

TABLE 5 ROW OFF-THE-ROAD TIRE MARKET: BY COUNTRY, 2017-2023

TABLE 6 GLOBAL OFF-THE-ROAD TIRE MARKET, BY CONSTRUCTION TYPE, BY REGIONS,

TABLE 7 NORTH AMERICA OFF-THE-ROAD TIRE MARKET, BY CONSTRUCTION TYPE, BY COUNTRY, 2017-2023

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