Description
Global Off the Road Tire Market Research Report – Forecast till 2025
Market Snapshot
Global Off the Road Tire Market is evaluated to exhibit a 4.92% CAGR during the forecast period. Off the road, tires use extreme tread to provide more traction on unpaved roads with loose dirt, gravel, or sand. The road tire finds its applications in the construction, mining, and agriculture sector due to various benefits. The major players are expected to establish their presence globally through the procurement of local and regional players for expanding their presence in those regions during the assessment period.
The global off the road tire market is expected to register incredible market expansion owing to intense competition and accelerating technology advancements to sustain with rising farm mechanism and growing construction activities. The mining industry includes heavy machinery, such as excavators, backhoe loaders, skid steer loaders, dumpers, bulldozers, motor graders, road rollers, and others. These vehicles are generally used in areas where roads are in damaged conditions or are non-existent, such as forests, taverns, and plateaus. Furthermore, the major players are concentrating to enhance their services, and expanding geographically into the developing economies is expected to drive the global market growth during the study period.
Market Segmentation
Global Market for Off the Road Tires is classified into Vehicle Type, Construction Type, Distribution Channel, and Region.
In terms of the vehicle type segment, the global market has been classified into the agricultural vehicle, construction and industrial equipment, and others.
In terms of the construction type global off the road tire market has been classified into bias, radial, and belted bias segments.
The distribution channel segment is further categorized into original equipment manufacturers (OEM) and aftermarket.
Regional Analysis
The region-specific analysis of the off the road tire market has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
In 2018, Asia-Pacific evaluated for USD 8.5 billion with the highest GAGR of 43.2% and it is expected to exhibit a substantial CAGR of 5.31% during the review period. The regional market growth is attributed to the fastest growth of the automotive industry in countries such as China, India, and Japan. Additionally, the growing demand for off the road tires in the region is propelled by the increasing construction activities, industrial development, and the growing requirement for fuel-efficient technologies.
Europe accounted for the second-largest market in 2018, valued at USD 5.1 billion approximately, and it is expected to register a 4.59% CAGR in the coming years. The regional market growth is driven by the existence of leading global off the road tire manufacturers such as Michelin, Continental AG, Pirelli & C. SpA., and Nokian Tyres PLC.
Major players
The Major Players of the Global Off the Road Tire Market are Continental AG (Germany), Bridgestone (Japan), Goodyear (US), Michelin (France), Pirelli & C S.P.A(Italy), Cheng Shin Tire (Taiwan), Titan International, Inc. (US), Toyo Tire Corp. (Japan), and Apollo Tyres Ltd. (India).
COVID 19 Impact
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE
1.1.2 GLOBAL OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE
1.1.3 GLOBAL OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL
1.1.4 GLOBAL OFF THE ROAD TIRE MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 PROLIFERATING CONSTRUCTION ACTIVITIES
4.2.2 GROWING FARM MECHANIZATION
4.3 RESTRAINT
4.3.1 INCREASING RAW MATERIAL PRICES
4.4 OPPORTUNITY
4.4.1 PRODUCT USAGE IN FLEETS FOR MINING INDUSTRY
4.5 IMPACT OF COVID-19 ON OFF THE ROAD TIRE MARKET
4.5.1 ECONOMIC IMPACT: IMPACT ON AUTOMOTIVE INDUSTRY
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION
4.5.3 IMPACT ON OFF THE ROAD TIRE INDUSTRY
4.5.3.1 IMPACT ON SUPPLY CHAIN
4.5.3.2 IMPACT ON RAW MATERIALS
4.5.3.3 CASH FLOW CONSTRAINTS
4.5.3.4 IMPACT ON WORLD TRADE
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL
5.1.2 MANUFACTURING
5.1.3 DISTRIBUTION
5.1.4 END USE
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 BARGAINING POWER OF BUYERS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
5.3 REGULATORY FRAMEWORK
6 GLOBAL OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE
6.1 OVERVIEW
6.1.1 MINING
6.1.2 AGRICULTURAL VEHICLE
6.1.3 CONSTRUCTION AND INDUSTRIAL EQUIPMENT
6.1.4 OTHERS
7 GLOBAL OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE
7.1 OVERVIEW
7.1.1 BIAS
7.1.2 RADIAL
7.1.3 BELTED BIAS
8 GLOBAL OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL
8.1 OVERVIEW
8.1.1 OEM
8.1.2 AFTERMARKET
9 GLOBAL OFF THE ROAD TIRE MARKET, BY REGION
9.1 OVERVIEW
9.1.1 GLOBAL OFF THE ROAD TIRE MARKET, BY REGION, 2018–2025
9.2 EUROPE
9.2.1 EUROPE: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2018–2025
9.2.2 EUROPE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.2.3 EUROPE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.2.4 EUROPE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.2.5 GERMANY
9.2.5.1 GERMANY: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.2.5.2 GERMANY: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.2.5.3 GERMANY: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.2.6 UK
9.2.6.1 UK: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.2.6.2 UK: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.2.6.3 UK: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.2.7 FRANCE
9.2.7.1 FRANCE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.2.7.2 FRANCE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.2.7.3 FRANCE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.2.8 ITALY
9.2.8.1 ITALY: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.2.8.2 ITALY: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.2.8.3 ITALY: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.2.9 REST OF EUROPE
9.2.9.1 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.2.9.2 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.2.9.3 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.3 ASIA-PACIFIC
9.3.1 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2018–2025
9.3.2 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.3.3 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.3.4 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.3.5 CHINA
9.3.5.1 CHINA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.3.5.2 CHINA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.3.5.3 CHINA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.3.6 JAPAN
9.3.6.1 JAPAN: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.3.6.2 JAPAN: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.3.6.3 JAPAN: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.3.7 INDIA
9.3.7.1 INDIA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.3.7.2 INDIA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.3.7.3 INDIA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.3.8 REST OF ASIA-PACIFIC
9.3.8.1 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.3.8.2 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.3.8.3 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.4 NORTH AMERICA
9.4.1.1 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2018–2025
9.4.1.2 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.4.1.3 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.4.1.4 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.4.2 US
9.4.2.1 US: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.4.2.2 US: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.4.2.3 US: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.4.3 CANADA
9.4.3.1 CANADA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.4.3.2 CANADA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.4.3.3 CANADA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.4.4 MEXICO
9.4.4.1 MEXICO: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.4.4.2 MEXICO: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.4.4.3 MEXICO: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.5 LATIN AMERICA
9.5.1 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2018–2025
9.5.2 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.5.3 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.5.4 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.5.5 BRAZIL
9.5.5.1 BRAZIL: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.5.5.2 BRAZIL: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.5.5.3 BRAZIL: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.5.6 ARGENTINA
9.5.6.1 ARGENTINA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.5.6.2 ARGENTINA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.5.6.3 ARGENTINA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.5.7 REST OF LATIN AMERICA
9.5.7.1 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.5.7.2 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.5.7.3 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.6 MIDDLE EAST & AFRICA
9.6.1 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2018–2025
9.6.2 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.6.3 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.6.4 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.6.5 MIDDLE EAST COUNTRIES
9.6.5.1 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.6.5.2 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.6.5.3 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.6.6 EAST AFRICA
9.6.6.1 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.6.6.2 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.6.6.3 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.6.7 LEVANT
9.6.7.1 LEVANT: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.6.7.2 LEVANT: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.6.7.3 LEVANT: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
9.6.8 REST OF MIDDLE EAST & AFRICA
9.6.8.1 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2018–2025
9.6.8.2 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2018–2025
9.6.8.3 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2018–2025
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS
10.3.1 TOTAL NUMBER OF TIRES SOLD, BY COMPANY
10.4 KEY DEVELOPMENTS AND GROWTH STRATEGIES
10.4.1 NEW PRODUCT LAUNCH/PRODUCT ENHANCEMENT
10.4.2 ACQUISITION AND EXPANSION
11 COMPANY PROFILES
11.1 MICHELIN
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 BRIDGESTONE
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 THE GOODYEAR TIRE AND RUBBER COMPANY
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.3.4 SWOT ANALYSIS
11.3.5 KEY STRATEGIES
11.4 CONTINENTAL AG
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 NOKIAN TYRES PLC
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.5.4 SWOT ANALYSIS
11.5.5 KEY STRATEGIES
11.6 PIRELLI & C. S.P.A
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 CHENG SHIN RUBBER IND. CO. LTD
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 TITAN INTERNATIONAL, INC.
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.9 TOYO
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.10 APOLLO TYRES
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.11 TRELLEBORG AB
11.11.1 COMPANY OVERVIEW
11.11.2 FINANCIAL OVERVIEW
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.12 YOKOHAMA
11.12.1 COMPANY OVERVIEW
11.12.2 FINANCIAL OVERVIEW
11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.13 JK TYRE
11.13.1 COMPANY OVERVIEW
11.13.2 FINANCIAL OVERVIEW
11.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.14 BALKRISHNA INDUSTRIES
11.14.1 COMPANY OVERVIEW
11.14.2 FINANCIAL OVERVIEW
11.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.15 GITI TIRE CORP.
11.15.1 COMPANY OVERVIEW
11.15.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12 APPENDIX
12.1 REFERENCES
12.2 RELATED REPORTS
