Please Wait.....
Report
North America OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 138 Pages I IMARC Group
Market Overview:
The North America OTR tire market size reached 430.5 Thousand Units in 2022. Looking forward, IMARC Group expects the market to reach 610.7 Thousand Units by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028. The increasing renovation projects, rising demand for minerals, and the growing use of OTR tires in tractors represent some of the key factors driving the market.
Off-the-road (OTR) tire, also known as mud terrain tire, is manufactured using materials, such as natural or synthetic rubber, steel, carbon black, wire, vulcanization accelerator, and silica. It requires high air pressure to support heavy loads and prevent sidewall damages. It also involves specialized rims that are designed to handle their weight and size. It provides high power on unpaved surfaces, including gravel, mud, rock, and loose dirt. It assists in improving durability, enhancing vehicle performance, rolling resistance, reducing tread, and offering stability. It is commonly used in various vehicles, such as all-terrain vehicles (ATVs), tractors, cranes, military trucks, wheel loaders, specialized purpose vehicles, and telescopic handlers. As it has a longer operational life, enhanced stability and reliability, and puncture resistance, the demand for OTR tire is escalating in ultra-high-performance vehicles across the North American region.
North America OTR Tire Market Trends:
There is an increase in the use of OTR tires in heavy equipment, such as bulldozers, excavators, and loaders. This, coupled with the rising number of remodeling and upgradation construction projects in residential and commercial areas, represents one of the major factors strengthening the market growth in the North American region. Moreover, the growing utilization of OTR tires in tractors, combines, sprayers, harvesters, and irrigation equipment for conducting farm-related activities like field plowing, weed controlling, animal handling, and material transporting is influencing the market positively. In addition, the increasing popularity of all-terrain vehicles (ATVs), such as dirt bikes, quads, and other off road vehicles, for various recreational activities and adventure sports is contributing to the market growth in the region. Apart from this, OTR tires are employed in haul trucks, loaders, drilling rigs, longwall machines, and shuttle vehicles of the mining industry on account of their numerous advantages, such as being capable of handling heavy loads, harsh operating conditions, and challenging terrains. This, along with the growing demand for minerals, such as copper, iron, ore, and coal, is creating a positive outlook for the market in North America. Furthermore, the advent of OTR tires that are incorporated with sensors for monitoring tire pressure and temperature and minimizing the risk of potential hazards by providing real-time data analysis is bolstering the growth of the market in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America OTR tire market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on demand, tire size, tire type, vehicle type and distribution channel.
Demand Insights:
Original Equipment Market
Replacement Market
The report has provided a detailed breakup and analysis of the North America OTR tire market based on the demand. This includes original equipment market and replacement market. According to the report, replacement market represented the largest segment.
Tire Size Insights:
Top Tire Sizes in 24''-30''
Top Tire Sizes in 31''-35''
Top Tire Sizes in 36''-39''
Top Tire Sizes in 40''-50''
Top Tire Sizes in 51''-55''
Top Tire Sizes in 56''-63''
A detailed breakup and analysis of the North America OTR tire market based on the tire size has also been provided in the report. This includes top tire sizes in 24''-30'', top tire sizes in 31''-35'', top tire sizes in 36''-39'', top tire sizes in 40''-50'', top tire sizes in 51''-55'', and top tire sizes in 56''-63''. According to the report, top tire sizes in 24''-30'' accounted for the largest market share.
Tire Type Insights:
Radial Tire
Bias Tire
The report has provided a detailed breakup and analysis of the North America OTR tire market based on the tire type. This includes radial tire and bias tire. According to the report, bias tire represented the largest segment.
Vehicle Type Insights:
Mining Vehicles
Construction & Industrial Vehicles
Agricultural Vehicles
Others
A detailed breakup and analysis of the North America OTR tire market based on the vehicle type has also been provided in the report. This includes mining vehicles, construction and industrial vehicles, agricultural vehicles, and others. According to the report, agricultural vehicles accounted for the largest market share.
Distribution Channel Insights:
Offline
Online
The report has provided a detailed breakup and analysis of the North America OTR tire market based on the distribution channel. This includes offline and online.
Country Insights:
United States
Canada
The report has also provided a comprehensive analysis of all the major regional markets, which include United States and Canada. According to the report, United States was the largest market for OTR tire in North America. Some of the factors driving the United States OTR tire market included increased renovation projects, product innovations, integration of advanced technologies, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the North America OTR tire market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Bridgestone Corporation, CMA, LLC, Continental AG, Cooper Tire & Rubber Company, Titan International, Inc., Michelin, Nokian Tyres plc, The Yokohama Rubber Co, Ltd., Toyo Tire Corporation, Trelleborg AB, Triangle Tyre Co., Ltd, Pirelli & C. S.p.A., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
What was the size of the North America OTR tire market in 2022?
What is the expected growth rate of the North America OTR tire market during 2023-2028?
What has been the impact of COVID-19 on the North America OTR tire market?
What are the key factors driving the North America OTR tire market?
What is the breakup of the North America OTR tire market based on the demand?
What is the breakup of the North America OTR tire market based on the tire size?
What is the breakup of the North America OTR tire market based on the tire type?
What is the breakup of the North America OTR tire market based on the vehicle type?
What are the key regions in the North America OTR tire market?
Who are the key players/companies in the North America OTR tire market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 North America OTR Tire Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Demand
6.1 Original Equipment Market
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Replacement Market
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Tire Size
7.1 Top Tire Sizes in 24''-30''
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Top Tire Sizes in 31''-35''
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Top Tire Sizes in 36''-39''
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Top Tire Sizes in 40''-50''
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Top Tire Sizes in 51''-55''
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Top Tire Sizes in 56''-63''
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Tire Type
8.1 Radial Tire
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bias Tire
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Vehicle Type
9.1 Mining Vehicles
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Construction & Industrial Vehicles
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Agricultural Vehicles
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Offline
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Online
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Country
11.1 United States
11.1.1 Market Trends
11.1.2 Market Breakup by Demand
11.1.3 Market Breakup by Tire Size
11.1.4 Market Breakup by Tire Type
11.1.5 Market Breakup by Vehicle Type
11.1.6 Market Breakup by Distribution Channel
11.1.7 Market Forecast
11.2 Canada
11.2.1 Market Trends
11.2.2 Market Breakup by Demand
11.2.3 Market Breakup by Tire Size
11.2.4 Market Breakup by Tire Type
11.2.5 Market Breakup by Vehicle Type
11.2.6 Market Breakup by Distribution Channel
11.2.7 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bridgestone Corporation
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 CMA, LLC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Continental AG
16.3.3.1 Company overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Cooper Tire & Rubber Company
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Titan International, Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Michelin
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Nokian Tyres plc
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 The Yokohama Rubber Co, Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Toyo Tire Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Trelleborg AB
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Triangle Tyre Co., Ltd
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Pirelli & C. S.p.A.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
Figure 1: North America: OTR Tire Market: Major Drivers and Challenges
Figure 2: North America: OTR Tire Market: Sales Volume (in '000 Units), 2017-2022
Figure 3: North America: OTR Tire Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 4: North America: OTR Tire Market: Breakup by Demand (in %), 2022
Figure 5: North America: OTR Tire Market: Breakup by Tire Size (in %), 2022
Figure 6: North America: OTR Tire Market: Breakup by Tire Type (in %), 2022
Figure 7: North America: OTR Tire Market: Breakup by Vehicle Type (in %), 2022
Figure 8: North America: OTR Tire Market: Breakup by Distribution Channel (in %), 2022
Figure 9: North America: OTR Tire Market: Breakup by Country (in %), 2022
Figure 10: North America: OTR Tire (Original Equipment Market) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 11: North America: OTR Tire (Original Equipment Market) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 12: North America: OTR Tire (Replacement Market) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 13: North America: OTR Tire (Replacement Market) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 14: North America: OTR Tire (Top Tire Sizes in 24''-30'') Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 15: North America: OTR Tire (Top Tire Sizes in 24''-30'') Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 16: North America: OTR Tire (Top Tire Sizes in 31''-35'') Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 17: North America: OTR Tire (Top Tire Sizes in 31''-35'') Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 18: North America: OTR Tire (Top Tire Sizes in 36''-39'') Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 19: North America: OTR Tire (Top Tire Sizes in 36''-39'') Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 20: North America: OTR Tire (Top Tire Sizes in 40''-50'') Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 21: North America: OTR Tire (Top Tire Sizes in 40''-50'') Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 22: North America: OTR Tire (Top Tire Sizes in 51''-55'') Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 23: North America: OTR Tire (Top Tire Sizes in 51''-55'') Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 24: North America: OTR Tire (Top Tire Sizes in 56''-63'') Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 25: North America: OTR Tire (Top Tire Sizes in 56''-63'') Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 26: North America: OTR Tire (Radial Tire) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 27: North America: OTR Tire (Radial Tire) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 28: North America: OTR Tire (Bias Tire) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 29: North America: OTR Tire (Bias Tire) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 30: North America: OTR Tire (Mining Vehicles) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 31: North America: OTR Tire (Mining Vehicles) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 32: North America: OTR Tire (Construction & Industrial Vehicles) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 33: North America: OTR Tire (Construction & Industrial Vehicles) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 34: North America: OTR Tire (Agricultural Vehicles) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 35: North America: OTR Tire (Agricultural Vehicles) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 36: North America: OTR Tire (Other Vehicle Types) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 37: North America: OTR Tire (Other Vehicle Types) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 38: North America: OTR Tire (Offline) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 39: North America: OTR Tire (Offline) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 40: North America: OTR Tire (Online) Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 41: North America: OTR Tire (Online) Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 42: United States: OTR Tire Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 43: United States: OTR Tire Market: Breakup by Demand (in %), 2022
Figure 44: United States: OTR Tire Market: Breakup by Tire Size (in %), 2022
Figure 45: United States: OTR Tire Market: Breakup by Tire Type (in %), 2022
Figure 46: United States: OTR Tire Market: Breakup by Vehicle Type (in %), 2022
Figure 47: United States: OTR Tire Market: Breakup by Distribution Channel (in %), 2022
Figure 48: United States: OTR Tire Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 49: Canada: OTR Tire Market: Sales Volume (in '000 Units), 2017 & 2022
Figure 50: Canada: OTR Tire Market: Breakup by Demand (in %), 2022
Figure 51: Canada: OTR Tire Market: Breakup by Tire Size (in %), 2022
Figure 52: Canada: OTR Tire Market: Breakup by Tire Type (in %), 2022
Figure 53: Canada: OTR Tire Market: Breakup by Vehicle Type (in %), 2022
Figure 54: Canada: OTR Tire Market: Breakup by Distribution Channel (in %), 2022
Figure 55: Canada: OTR Tire Market Forecast: Sales Volume (in '000 Units), 2023-2028
Figure 56: North America: OTR Tire Industry: SWOT Analysis
Figure 57: North America: OTR Tire Industry: Value Chain Analysis
Figure 58: North America: OTR Tire Industry: Porter's Five Forces Analysis
Table 1: North America: OTR Tire Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: OTR Tire Market Forecast: Breakup by Demand (in '000 Units), 2023-2028
Table 3: North America: OTR Tire Market Forecast: Breakup by Tire Size (in '000 Units), 2023-2028
Table 4: North America: OTR Tire Market Forecast: Breakup by Tire Type (in '000 Units), 2023-2028
Table 5: North America: OTR Tire Market Forecast: Breakup by Vehicle Type (in '000 Units), 2023-2028
Table 6: North America: OTR Tire Market Forecast: Breakup by Distribution Channel (in '000 Units), 2023-2028
Table 7: North America: OTR Tire Market Forecast: Breakup by Country (in '000 Units), 2023-2028
Table 8: North America: OTR Tire Market: Competitive Structure
Table 9: North America: OTR Tire Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security