Global OTR Tires Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Construction;

Articulated Dump Truck, Rigid Dump Truck, Asphalt Finisher, Motor Grader, Motor Scraper, and Others.

By Agriculture;

Less Than 30 hp Tractors, 31-100 hp Tractors, 101-200 hp Tractors, and More Than 200 hp Tractors.

By Industrial;

Forklift, Aisle Trucks, and Tow Tractors.

By Type;

Wheeled and Track.

By Process;

Pre-Cure and Mold Cure.

By Application;

Agriculture Tractors and Construction & Mining Equipment.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn349935867 Published Date: May, 2025 Updated Date: June, 2025

OTR Tires Market Overview

OTR Tires Market (USD Million)

OTR Tires Market was valued at USD 31,921.83 million in the year 2024. The size of this market is expected to increase to USD 51,595.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.


Global OTR Tires Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 7.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.1 %
Market Size (2024)USD 31,921.83 Million
Market Size (2031)USD 51,595.77 Million
Market ConcentrationMedium
Report Pages333
31,921.83
2024
51,595.77
2031

Major Players

  • Continental
  • Bridgestone
  • Michelin
  • Goodyear
  • Pirelli
  • Sumitomo
  • Yokohama
  • Hankook Tire
  • Nokian
  • Ceat

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global OTR Tires Market

Fragmented - Highly competitive market without dominant players


The OTR Tires Market continues to gain momentum due to the rising application in high-demand sectors like construction, agriculture, and mining. With increasing industrial mechanization, the market has seen a 9% surge as demand grows for tires capable of withstanding tough terrain and heavy loads, especially in evolving operational environments.

Technological Progress Boosting Adoption
The integration of advanced tire technologies, including radial structures and intelligent monitoring systems, is enhancing performance and durability. These innovations have boosted traction and operational efficiency, with innovative product lines expanding by 11%. The preference for smart, durable tire solutions is steadily replacing conventional offerings.

Growing Equipment Usage Driving Volume
Rising usage of heavy-duty off-road machinery has led to a larger operating fleet, increasing the frequency of tire replacements. The industry has experienced a 10% increase in operational fleet size, directly impacting tire consumption. This dynamic sustains both OEM and aftermarket demands in sectors requiring consistent performance under high pressure.

Sustainable Practices Shaping Market Trends
Environmental sustainability is influencing market development, with eco-friendly tire options now capturing over 6% of the total market. Manufacturers are focusing on low-emission designs and recyclable materials. This transition is supported by green regulations and customer demand for fuel-efficient OTR tire solutions that lower environmental impact.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Construction
    2. Market Snapshot, By Agriculture
    3. Market Snapshot, By Industrial
    4. Market Snapshot, By Type
    5. Market Snapshot, By Process
    6. Market Snapshot, By Application
    7. Market Snapshot, By Region
  4. OTR Tires Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand from Mining and Construction Sectors
        2. Increasing Infrastructure Development and Industrialization
        3. Advancements in Tire Technology and Durability
        4. Rising Adoption of Eco-friendly and Energy-efficient Tires
      2. Restraints
        1. Fluctuations in Raw Material Prices
        2. Environmental Concerns Regarding Tire Disposal
        3. High Cost of OTR Tires and Maintenance
      3. Opportunities
        1. Expansion of the Agricultural Sector
        2. Growth of Emerging Markets (Asia-Pacific, Latin America)
        3. Technological Innovations in Smart Tires and Automation
    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. OTR Tires Market, By Construction, 2021 - 2031 (USD Million)
      1. Articulated Dump Truck
      2. Rigid Dump Truck
      3. Asphalt Finisher
      4. Motor Grader
      5. Motor Scraper
      6. Others
    2. OTR Tires Market, By Agriculture, 2021 - 2031 (USD Million)
      1. Less Than 30 hp Tractors
      2. 31-100 hp Tractors
      3. 101-200 hp Tractors
      4. More Than 200 hp Tractors
    3. OTR Tires Market, By Industrial, 2021 - 2031 (USD Million)
      1. Forklift
      2. Aisle Trucks
      3. Tow Tractors
    4. OTR Tires Market, By Type, 2021 - 2031 (USD Million)
      1. Wheeled
      2. Track
    5. OTR Tires Market, By Process, 2021 - 2031 (USD Million)
      1. Pre-Cure
      2. Mold Cure
    6. OTR Tires Market, By Application, 2021 - 2031 (USD Million)

      1. Agriculture Tractors

      2. Construction & Mining Equipment

    7. OTR Tires Market, By Geography, 2021 - 2031 (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
        6. ASEAN (Association of South East Asian Countries)
        7. 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. Continental
      2. Bridgestone
      3. Michelin
      4. Goodyear
      5. Pirelli
      6. Sumitomo
      7. Yokohama
      8. Hankook Tire
      9. Nokian
      10. Ceat
  7. Analyst Views
  8. Future Outlook of the Market