Global Off-highway Tire Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Pneumatic tires and Non-pneumatic tires.

By Sales Channel;

Replacement Tires and OEM.

By End-Use;

Industrial, Agriculture, Mining and Construction.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn026519902 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Off-highway Tire Market (USD Million), 2020 - 2030

In the year 2023, the Global Off-highway Tire Market was valued at USD 44,784.36 million. The size of this market is expected to increase to USD 71,913.89 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The Global Off-Highway Tire Market stands as a cornerstone within the broader automotive industry, catering specifically to the robust demands of off-road vehicles and heavy-duty equipment across various sectors. Off-highway Tire serve as the critical interface between heavy machinery and the ground, providing traction, stability, and durability in harsh and challenging environments such as construction sites, mining operations, agricultural fields, and forestry applications. As essential components of off-road vehicles and equipment, these specialized Tire are engineered to withstand extreme conditions, rugged terrain, and heavy loads, ensuring optimal performance and safety in diverse off-highway applications.

This market is characterized by the diverse range of off-highway vehicles and equipment that rely on specialized Tire for their operation. From earthmoving machinery such as bulldozers, excavators, and loaders to agricultural equipment like tractors, combines, and harvesters, off-highway Tire are indispensable for enabling productivity and efficiency in demanding work environments. Additionally, off-highway Tire find extensive use in the mining industry, where large haul trucks, rigid dumpers, and underground equipment depend on rugged Tire to transport heavy loads over rough terrain and across challenging landscapes.

The Global Off-Highway Tire Market is driven by various factors, including the increasing mechanization and modernization of industries such as construction, mining, agriculture, and forestry, which rely heavily on heavy-duty equipment and machinery for operations. As industries strive to improve productivity, reduce downtime, and minimize operational costs, the demand for high-performance off-highway Tire that offer superior traction, durability, and reliability continues to grow. Additionally, the adoption of advanced technologies such as tire pressure monitoring systems (TPMS), tire telematics, and tire management solutions further drives market growth, enabling fleet operators to optimize tire performance, maximize service life, and enhance overall operational efficiency.

The Global Off-Highway Tire Market is influenced by regulatory mandates, industry standards, and environmental considerations, which drive demand for eco-friendly tire solutions, sustainable manufacturing practices, and innovations in tire recycling and disposal. With increasing emphasis on sustainability and environmental stewardship, tire manufacturers are investing in research and development to develop next-generation tire materials, tread designs, and manufacturing processes that reduce carbon footprint, improve fuel efficiency, and minimize environmental impact throughout the tire lifecycle.

In summary, the Global Off-Highway Tire Market plays a vital role in supporting the productivity, efficiency, and sustainability of off-road vehicles and heavy-duty equipment across various industries worldwide. As industries continue to evolve and embrace technological advancements, the demand for specialized off-highway Tire that offer superior performance, durability, and environmental responsibility is expected to remain strong, driving innovation and growth in the dynamic and diverse off-highway tire market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Off - Highway Tire Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Construction industry growth

        2. Mining sector expansion

        3. Agricultural mechanization

        4. Forestry equipment demand

      2. Restraints
        1. Fluctuating raw material prices

        2. Volatile currency exchange rates

        3. Reduced infrastructure spending

        4. Slowdown in construction projects

      3. Opportunities
        1. Expansion of distribution network

        2. Focus on tire safety and reliability

        3. Innovation in tire recycling and disposal

        4. Growth in aftermarket tire sales

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Off - Highway Tire Market, By Product, 2020 - 2030 (USD Million)
      1. Pneumatic tires
      2. Non-pneumatic tires
    2. Global Off - Highway Tire Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. Replacement Tire
      2. OEM
    3. Global Off - Highway Tire Market, By End-Use, 2020 - 2030 (USD Million)
      1. Industrial
      2. Agriculture
      3. Mining
      4. Construction
    4. Global Off - Highway Tire Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Apollo Tyres Ltd
      2. Bridgestone India
      3. MICHELIN
      4. Goodyear
      5. Yokohama Tire
      6. China National Tire & Rubber
      7. MRF
      8. Continental AG,
      9. Belshina
      10. Cheng-Shin Rubber
      11. Eurotire
  7. Analyst Views
  8. Future Outlook of the Market

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