Off the Road Tire Market Research Report - Global Forecast till 2027

Off the Road Tire Market Research Report: Information By Vehicle Type (Mining, Agricultural Vehicle, Construction and Industrial Equipment and Others), Construction Type (Radial, Bias and Belted Bias), Distribution Channel (Aftermarket and OEM) and Region - Forecast till 2027

ID: MRFR/AM/3594-CR | October, 2020 | Region : Global

Off the Road Tire Market Overview


Off the road tire market is estimated to reach a considerable valuation at a CAGR of 4.92% during the forecast period which is between 2021 and 2025.

Off the road tires are a type of vehicle tyres that uses deep tread in order to provide more friction on rough surfaces like sand, gravel, mud, or loose dirt. Off the road tyres are a perfect choice when it comes to off-road driving. Good off-road tyres enable a vehicle to run smoothly on rocks or boulders. The global off the road tire ecosystem has different regional, local, and global service providers that are planning to grow their market position. Vendors of the off the road tire market are also focusing on expanding their agencies geographically and also focusing on improving their services to satisfy customer demands.


COVID-19 Analysis


The outbreak of the COVID-19 pandemic in early 2020 has affected the growth of the off the road tire market immensely. Due to the lockdowns, the construction and industrial activities were at a halt. This pandemic also affected the supply chain by interrupting the supply of raw materials across the world. The plants manufacturing the off the road tires have also shutdown. However, it is expected that the market outlook will change in a positive way and grow at a rapid pace during the forecast period.


Market Dynamics


  • Drivers 


The huge increase in medium-sized farmers is fueling the demand for agricultural tires across the world. Transportation activities have also boosted with the rise in industrialization. The business to business and business to customer trade is growing day by day. This is one of the major driving factors of off the road tire market.



  • Opportunities 


The rise in demand for supply of radial off the road tires from mining companies in order to support their mining activities. This is one of the major opportunities that the market may create. Also, the increase in the demand for bigger off the road tires by some heavy machinery manufacturers also created a great opportunity for the OTR tires market. 



  • Restraints 


The major factors that are affecting the growth of the road tire market are the low cost of the tires and the high cost of the R&D that is given in the unorganized markets



  •  Challenges


Due to the sudden outbreak of the pandemic, many businesses across the world have come to a halt. Lockdown made many individuals lose their job. This led to the downfall of the economy. Interference in the supply chain led to the stoppage of shipping services and transportation. The prices of raw materials used are approximately 35% of the tire cost. When there is a rise in the price of Brent crude or any shortage of cultivation of natural rubber, fluctuation in the price of synthetic and natural rubbers takes place, which is a major challenge that the industry faces.



  • Cumulative Growth Analysis


The global off the road tire market value is expected to expand at a CAGR of 4.92% during the forecast period. As the demand for industrial products is rising, the development of new industries is also boosting. The rise in the income of consumers along with the growing population can lead to a shift in the agricultural sectors toward mechanization. This in turn can help in the growth of the off the road tire market. 


Value Chain Analysis


As applications of off the road tires are constantly expanding its market across the world, the manufacturers are planning to introduce new products in order to increase their product portfolio. They are also manufacturing new off the road tires in different sizes to offer operational comfort, smooth road handling, and maximize fuel savings. These changes may help the market in increasing the off the road market revenue.


Global Off the Road Tire Market, by Region, 2019
Source: MRFR Analysis


Segment Overview

The market size is segmented into three main categories. They are by vehicle type, by construction type, and by distribution channel. Here is a list of the segments of the market along with their sub-segments.


By Construction Type,


Based on construction type, the OTR tire market is segmented into 3 categories. They are bias, radial, and belted bias. The construction type refers to the downsides and features of the tires such as the smoothness of the ride, longevity of the tires, amount of rolling resistance, and shock absorbance. Bias tyres are fitted with a nylon belt that runs with the tread line at a 30 to 45-degree angle.


By Vehicle Type,


On the basis of the type of vehicle, the off the road tyre market is segmented into three parts- mining, agricultural, and industrial and construction equipment. The mining industry specifically counts on heavy machinery like skid teer loaders, excavators, bulldozers, road rollers, backhoe loaders, motor graders, and so on. These tires are mostly used in areas such as taverns, plateaus, or forests where the roads are unsurfaced.


By Distribution Channel,


On the basis of distribution channels, the OTR tyre market is segmented into aftermarket and OEM (Original Equipment Manufacturers). Presently the aftermarket segment has a huge demand and is dominating the off the road tyre market. The OTR tyres have short durability as compared to other tyres. Due to this reason, there is a higher share of the aftermarket segment. 


Regional Analysis


Based on region, the market share is segmented into various regions such as Asia Pacific, North America, South America, Europe, and the Middle East and Africa. Among all these regions, According to the off the road tire market analysis, Asia Pacific holds the largest market share in the off the road tire market. This region has a market value of USD 8.5 billion and registered a CAGR of around 5.31% in the upcoming years.


 Industrial developments, enhancing construction activities, and an increase in the demand for energy-efficient technologies are some of the major factors that are responsible for the rise in demand for off-road tires in this region. In 2018, Europe recorded the second largest market share in the off the road tire market.


Competitive Landscape


The companies that are responsible for the growth of the off the road tire industry include Bridgestone, Apollo Tyres Ltd., JK Tyre & Industries Ltd., Yokohama Tire Corp, and so on. These companies focus on innovative technologies that can be used to strengthen the product portfolio of the industry. Michelin launched tires with CCT or comfort casing technology. The technology reduces fatigue of the driver and also provides high stock absorption. In order to serve a large consumer base, manufacturers are mainly focusing on expanding their product portfolio. Here is the list of a few key companies that are responsible for the market growth.


List of Key Companies



  • Michelin (France)

  • Titan International Inc. (US)

  • Apollo Tyres Ltd. (India)

  • Cheng Shin Tire (Taiwan)

  • Bridgestone (Japan)

  • Toyo Tire Corp. (Japan)

  • Goodyear (US)

  • Continental AG (Germany)

  • Pirelli & C S.P.A (Italy)


Recent Developments


Bridgestone Corporation, a well-known company in Japan, launched Battlax Adventurecross AX41 in the year 2019. This was introduced in the market for off-road driving motorcycles. This implementation of the strategy will expand their product portfolio which in turn will increase the volume share of off the road tires during the forecast period.


Report Overview


This research report outlines the off the road tire market trends along with the factors that are affecting the growth of the market like drivers, restraints, challenges, and opportunities. This report is completely based on qualitative and quantitative research. The off the road tire market report also delivers the competitive landscape, regional analysis, COVID-19 impact on the industry, and also the segmentation of the market share based on factors like construction type, vehicle type, and distribution channel. 


Report Details 



  • Historic period: 2018-2020

  • Base Year:2020

  • Forecast Period: 2021-2025


By Geographically, 



  • Europe

  • Asia Pacific

  • North America

  • South America

  • The Middle East and Africa

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, 2020-2027

9.2 EUROPE

9.2.1 EUROPE: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027

9.2.2 EUROPE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.2.3 EUROPE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.2.4 EUROPE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.2.5 GERMANY

9.2.5.1 GERMANY: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.2.5.2 GERMANY: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.2.5.3 GERMANY: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.2.6 UK

9.2.6.1 UK: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.2.6.2 UK: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.2.6.3 UK: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.2.7 FRANCE

9.2.7.1 FRANCE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.2.7.2 FRANCE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.2.7.3 FRANCE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.2.8 ITALY

9.2.8.1 ITALY: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.2.8.2 ITALY: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.2.8.3 ITALY: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.2.9 REST OF EUROPE

9.2.9.1 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.2.9.2 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.2.9.3 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.3 ASIA-PACIFIC

9.3.1 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027

9.3.2 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.3.3 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.3.4 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.3.5 CHINA

9.3.5.1 CHINA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.3.5.2 CHINA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.3.5.3 CHINA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.3.6 JAPAN

9.3.6.1 JAPAN: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.3.6.2 JAPAN: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.3.6.3 JAPAN: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.3.7 INDIA

9.3.7.1 INDIA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.3.7.2 INDIA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.3.7.3 INDIA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.3.8 REST OF ASIA-PACIFIC

9.3.8.1 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.3.8.2 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.3.8.3 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.4 NORTH AMERICA

9.4.1.1 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027

9.4.1.2 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.4.1.3 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.4.1.4 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.4.2 US

9.4.2.1 US: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.4.2.2 US: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.4.2.3 US: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.4.3 CANADA

9.4.3.1 CANADA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.4.3.2 CANADA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.4.3.3 CANADA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.4.4 MEXICO

9.4.4.1 MEXICO: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.4.4.2 MEXICO: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.4.4.3 MEXICO: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.5 LATIN AMERICA

9.5.1 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027

9.5.2 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.5.3 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.5.4 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.5.5 BRAZIL

9.5.5.1 BRAZIL: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.5.5.2 BRAZIL: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.5.5.3 BRAZIL: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.5.6 ARGENTINA

9.5.6.1 ARGENTINA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.5.6.2 ARGENTINA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.5.6.3 ARGENTINA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.5.7 REST OF LATIN AMERICA

9.5.7.1 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.5.7.2 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.5.7.3 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.6 MIDDLE EAST & AFRICA

9.6.1 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027

9.6.2 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.6.3 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.6.4 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.6.5 MIDDLE EAST COUNTRIES

9.6.5.1 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.6.5.2 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.6.5.3 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.6.6 EAST AFRICA

9.6.6.1 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.6.6.2 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.6.6.3 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

9.6.7 LEVANT

9.6.7.1 LEVANT: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027

9.6.7.2 LEVANT: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.6.7.3 LEVANT: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

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, 2020-2027

9.6.8.2 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027

9.6.8.3 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027

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

13 LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 4 GLOBAL OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL OFF THE ROAD TIRE MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 6 EUROPE: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 7 EUROPE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 8 EUROPE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 9 EUROPE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 10 GERMANY: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 11 GERMANY: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 12 GERMANY: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 13 UK: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 14 UK: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 15 UK: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 16 FRANCE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 17 FRANCE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 18 FRANCE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 19 ITALY: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 20 ITALY: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 21 ITALY: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 22 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 23 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 24 REST OF EUROPE: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 25 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 26 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 27 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 28 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 29 CHINA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 30 CHINA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 31 CHINA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 32 JAPAN: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 33 JAPAN: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 34 JAPAN: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 35 INDIA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 36 INDIA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 37 INDIA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 38 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 39 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 40 REST OF ASIA-PACIFIC: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 41 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 42 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 43 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 44 NORTH AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 45 US: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 46 US: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 47 US: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 48 CANADA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 49 CANADA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 50 CANADA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 51 MEXICO: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 52 MEXICO: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 53 MEXICO: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 54 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 55 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 56 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 57 LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 58 BRAZIL: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 59 BRAZIL: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 60 BRAZIL: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 61 ARGENTINA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 62 ARGENTINA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 63 ARGENTINA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 64 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 65 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 66 REST OF LATIN AMERICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 67 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY COUNTRY, 2020-2027 (USD MILLION)

TABLE 68 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 69 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 70 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 71 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 72 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 73 SAUDI ARABIA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 74 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 75 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 76 EAST AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 77 LEVANT: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 78 LEVANT: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 79 LEVANT: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 80 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

TABLE 81 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

TABLE 82 REST OF MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

TABLE 83 TOTAL NUMBER OF TIRES SOLD, BY COMPANY, 2020 (THOUSAND UNITS)

TABLE 84 NEW PRODUCT LAUNCH/PRODUCT ENHANCEMENT

TABLE 85 ACQUISITION AND EXPANSION

TABLE 86 MICHELIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 87 MICHELIN: KEY DEVELOPMENTS

TABLE 88 BRIDGESTONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 89 THE GOODYEAR TIRE AND RUBBER COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 90 CONTINENTAL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 91 CONTINENTAL AG: KEY DEVELOPMENTS

TABLE 92 NOKIAN TYRES PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 93 PIRELLI & C. S.P.A: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 94 PIRELLI & C. S.P.A: KEY DEVELOPMENTS

TABLE 95 CHENG SHIN TIRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 96 TITAN INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 97 TOYO TIRE CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 98 APOLLO TYRES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 99 TRELLEBORG AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 100 THE YOKOHAMA RUBBER CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 101 JK TYRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 102 BALKRISHNA INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 103 GITI TIRE CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED

14 LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 GLOBAL OFF THE ROAD TIRE MARKET ANALYSIS, BY VEHICLE TYPE

FIGURE 3 GLOBAL OFF THE ROAD TIRE MARKET ANALYSIS, BY CONSTRUCTION TYPE

FIGURE 4 GLOBAL OFF THE ROAD TIRE MARKET ANALYSIS, DISTRIBUTION CHANNEL

FIGURE 5 GLOBAL OFF THE ROAD TIRE MARKET ANALYSIS, BY REGION

FIGURE 6 GLOBAL OFF THE ROAD TIRE MARKET: MARKET STRUCTURE

FIGURE 7 KEY BUYING CRITERIA OF GLOBAL OFF THE ROAD TIRE MARKET

FIGURE 8 RESEARCH PROCESS OF MRFR

FIGURE 9 MARKET DYNAMIC ANALYSIS OF THE GLOBAL OFF THE ROAD TIRE MARKET

FIGURE 10 CONSTRUCTION SPENDING IN THE US

FIGURE 11 DRIVER IMPACT ANALYSIS

FIGURE 12 RESTRAINT IMPACT ANALYSIS

FIGURE 13 SUPPLY CHAIN ANALYSIS: GLOBAL OFF THE ROAD TIRE MARKET

FIGURE 14 PORTER’S FIVE FORCES MODEL: GLOBAL OFF THE ROAD TIRE MARKET

FIGURE 15 GLOBAL OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020 (% SHARE)

FIGURE 16 GLOBAL OFF THE ROAD TIRE MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION)

FIGURE 17 GLOBAL OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020 (% SHARE)

FIGURE 18 GLOBAL OFF THE ROAD TIRE MARKET, BY CONSTRUCTION TYPE, 2020-2027 (USD MILLION)

FIGURE 19 GLOBAL OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020 (% SHARE)

FIGURE 20 GLOBAL OFF THE ROAD TIRE MARKET, BY DISTRIBUTION CHANNEL, 2020-2027 (USD MILLION)

FIGURE 21 GLOBAL OFF THE ROAD TIRE MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 22 GLOBAL OFF THE ROAD TIRE MARKET, BY REGION, 2020 (% SHARE)

FIGURE 23 EUROPE: OFF THE ROAD TIRE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 24 ASIA-PACIFIC: OFF THE ROAD TIRE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 25 NORTH AMERICA: OFF THE ROAD TIRE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 26 LATIN AMERICA: OFF THE ROAD TIRE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 27 MIDDLE EAST & AFRICA: OFF THE ROAD TIRE MARKET SHARE, BY COUNTRY, 2020 (% SHARE)

FIGURE 28 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 29 MAJOR PLAYERS’ MARKET SHARE ANALYSIS, 2020 (%)

FIGURE 30 MICHELIN: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 31 MICHELIN: SWOT ANALYSIS

FIGURE 32 BRIDGESTONE: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 33 BRIDGESTONE: SWOT ANALYSIS

FIGURE 34 THE GOODYEAR TIRE AND RUBBER COMPANY: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 35 THE GOODYEAR TIRE AND RUBBER COMPANY: SWOT ANALYSIS

FIGURE 36 CONTINENTAL AG: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 37 CONTINENTAL AG: SWOT ANALYSIS

FIGURE 38 NOKIAN TYRES PLC: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 39 NOKIAN TYRES PLC: SWOT ANALYSIS

FIGURE 40 PIRELLI & C S.P.A: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 41 PIRELLI & C. S.P.A: SWOT ANALYSIS

FIGURE 42 CHENG SHIN TIRE: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 43 CHENG SHIN TIRE: SWOT ANALYSIS

FIGURE 44 TITAN INTERNATIONAL INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 45 TOYO TIRE CORP.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 46 APOLLO TYRES, LTD.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 47 TRELLEBORG AB: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 48 THE YOKOHAMA RUBBER CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 49 JK TYRE: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 50 BALKRISHNA INDUSTRIES: FINANCIAL OVERVIEW SNAPSHOT

Off The Road Tire Market