This report OTR tires market size (value and volume) by players, regions, product types and final industries, historical data 2013-2017 and forecast data 2018-2025; This report also looks at the scenario of global market competition, drivers and market trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors, and Porter's Five Forces Analysis.
OTR tires (Off-the-road tires) are used for large-scale machinery in construction and mining and other locations without roads. These tires are made primarily with premium casings and durable compounds. Off-road tires provide substantial support for machines used at various civil engineering sites, including large dump trucks, land and gravel at mining sites and dam construction, earth-moving tractors and graders for road construction and removal of snow.
The volume of production and sales of OTR tires is directly affected by downstream industries and the global economy. Over the past six years, the construction and mining equipment market has experienced rapid growth and decline as well as the OTR tire market. Demand for OTR tires peaked in 2013, just as the construction and mining equipment industry experienced. And over the past two years, the OTR tire industry has faced a decline that seems almost hard to bear for related companies.
As the growth rate of the global economy is expected to slow, especially in China, which is one of the largest markets for OTR tires; The OTR tire market over the next five years does not seem to take advantage of this rapid growth. But as the market in India, Africa and some other developing regions is also promising, the OTR tire industry is expected to recover after 2016, although it will not grow as fast as before 2013.
Currently OTR Tires' overall production capacity is far superior to what is really needed. The capacity utilization rate of OTR tire manufacturers is not satisfactory. And as there are more than 100 OTR tire manufacturers worldwide, competition in the market is quite fierce. But it is anticipated that the number of OTR tires worldwide can be reduced, as some companies may not be able to fight to survive.
The global OTR tire market is valued at $ 11900 million in 2017 and will reach $ 16 billion by the end of 2025, growing at a CAGR rate of 3.7% during 2018-2025.
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The various employees involved in the product value chain include manufacturers, suppliers, distributors, intermediaries and customers.
China National Tire and Rubber
Alliance Tire Group
Double Currency Participation
Fujian Haian Rubber
Shandong Taishan Tire
Rubber International Hawk
Rim diameter ≤29 inches
29 inch <Edge Diameter ≤39 inch
Diameter of 39 inch <Kidney Diameter ≤49 inches
Hoop diameter> 49 inches
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