The global off-the-road (OTR) tire market is estimated to be worth $59.4 billion in 2022. With 2022 recovery slowed, an annual growth rate of 5.7% (in value terms) is expected over the five years to 2027. The market had begun to recover from the global disruptions when further uncertainty was introduced with the rise of inflation and flaring of geopolitical tensions OTR tire use will be influenced by the growing importance of minerals and metals extraction
What does the report cover?
The new report covers the current and emerging tire technology trends affecting tire OTR design (e.g. size, radial or cross-ply, pneumatic or solid) and performance attributes (e.g. durability, heat resistance, flexion and sustainability), related value-added technologies (such as sensor and performance monitoring and data analytics) and sustainability (e.g. retreading and recycling). It takes into account the complex internal and external forces that are at work in each of these areas, occurring within the context of a cyclical and volatile, yet ultimately growing global marketplace.
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This report examines global market performance and opportunities for OTR tires by end use and geographic region and identifies the current state and potential evolution of the global industries that consume OTR tires. These include, mining/construction (including ports and handling), agriculture (including forestry) and the industrial sector.
What will you discover?
The Smithers methodology
- Trends in OTR tire use by geography and industry
- Current and potential disruptive factors to the OTR tire industry
- Efforts to reduce emissions by end-use industries, and by vehicle and tire manufacturers
- Current and emerging tire technology trends affecting tire design
- Ongoing disruptions associated with COVID-19, global supply chains, and the volatile situation between Russia and Ukraine.
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with packaging material suppliers, converters and experts drawn from key markets.
This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles,
presentations, and attendance at trade events.
Who should buy the report?
About the author
- Tire makers
- Producers of tire materials
- Equipment suppliers to the tire industry
- Participants in the tire markets value chain
- Industry analysts and researchers
Art Mayer is has many years of experience in the tire industry, working in a variety of roles at Dealer Tire and as a contract writer and consultant covering a wide range of nontechnical tire topics for Smithers and its clients. He was a speaker at recent Smithers’ Traction conferences, covering the fast-emerging area of sensors and intelligent tires. In his various roles, Art integrates primary (e.g., interviews with tire and ancillary experts and industry observers) and secondary research (e.g., databases, trade literature, financial literature) to develop customer, market, technology, and competitive insights and forecasts for clients.