OTR Tires Market Booming Worldwide with Latest Trend and Future Scope by 2031 | Michelin, Bridgestone, China National Chemical & Rubber Group

Los Angeles, United States - QY Research has unveiled its latest study titled "Global OTR Tires Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global OTR Tires market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. The research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for OTR Tires was estimated to be worth US$ 9.29 billion in 2024 and is forecast to a readjusted size of US$ 12.86 billion by 2031 with a CAGR of 5.0% during the forecast period 2025-2031.

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The research report also includes the global OTR Tires market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The OTR Tires report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on OTR Tires cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

OTR Tires (Off-the-road tires) are utilized for large-scale machinery at construction and mining and other sites with no roads. These tires mainly made with premium casings and durable compounds. Off-the-road tires offer substantial support for machinery used at various civil engineering sites, including ultra-large dump trucks, earth and gravel at mining and dam construction sites, bulldozers for earth removal and graders for road construction and snow removal.

In 2024, global OTR Tires sales volume reached approximately 17 million units, with an average global market price of around US$ 500 per unit.

Global 5 largest manufacturers of OTR Tires are Michelin, Bridgestone, China National Chemical & Rubber Group, Continental Tire and Yokohama Tire, which make up about 60%. Among them, Michelin is the leader with about 25% market share.

Competitive Landscape: -

Covestro
Wanhua Chemical
Evonik
BASF
Asahi Kasei
Tosoh

The competitive landscape is a must-have information for the market players to withstand the competition present in the global OTR Tires market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global OTR Tires market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers and Restraints -

The Off-the-Road (OTR) tires market holds strong long-term potential driven by the sustained demand from mining, construction, agriculture, and industrial sectors that rely on heavy-duty equipment for earthmoving, material handling, and transportation under extreme operating conditions, where OTR tires provide durability, traction, load-bearing capacity, and resistance to wear, cuts, and heat; the mining industry, particularly for coal, iron ore, and rare earth extraction, represents a core growth driver due to the need for ultra-large tires on haul trucks, loaders, and graders, while infrastructure development projects worldwide, including highways, dams, railways, and smart cities, further boost demand for construction machinery tires; agricultural mechanization in developing regions adds another growth avenue as tractors, harvesters, and forestry equipment increasingly adopt high-performance OTR tires to maximize efficiency in challenging terrain; technological advancements, such as radial OTR tires offering improved fuel efficiency, advanced tread designs for extended lifespan, and real-time tire monitoring systems that enhance safety and reduce downtime, strengthen the market outlook; Asia-Pacific leads in consumption due to massive construction and mining activities in China, India, and Australia, while North America and Europe show steady growth supported by modernization of fleets and replacement demand; meanwhile, Africa and Latin America present emerging opportunities linked to mining investments and agricultural expansion; although challenges such as high raw material costs, supply chain disruptions, and retreading competition exist, the overall market fundamentals remain robust, as end-users prioritize productivity, safety, and cost-efficiency in operations; with growing emphasis on sustainability, OTR tire manufacturers are also investing in eco-friendly materials and recycling initiatives, which align with global environmental goals while enhancing brand competitiveness; ultimately, the OTR tire market is set to expand as a critical enabler of heavy industries worldwide, supporting large-scale infrastructure, energy, and food production needs.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of OTR Tires Market Segmentation -

The report offers great insights into important segments of the global OTR Tires market while concentrating on their CAGR, market size, market share, and future growth potential. The global OTR Tires market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global OTR Tires market.

Segmentation By Type :-

HDI
IPDI
H12MDI

Segmentation By Application -

Coatings
Adhesives & Sealants
Elastomers
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

OTR Tires Market Report Objectives -

(1) Analyzing the size of the global OTR Tires market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global OTR Tires market

(3) Exploring key dynamics of the global OTR Tires market

(4) Highlighting important trends of the global OTR Tires market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global OTR Tires market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global OTR Tires market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global OTR Tires market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global OTR Tires market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 OTR Tires Product Introduction
1.2 Global OTR Tires Market Size Forecast
1.2.1 Global OTR Tires Sales Value (2020-2031)
1.2.2 Global OTR Tires Sales Volume (2020-2031)
1.2.3 Global OTR Tires Sales Price (2020-2031)
1.3 OTR Tires Market Trends & Drivers
1.3.1 OTR Tires Industry Trends
1.3.2 OTR Tires Market Drivers & Opportunity
1.3.3 OTR Tires Market Challenges
1.3.4 OTR Tires Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global OTR Tires Players Revenue Ranking (2024)
2.2 Global OTR Tires Revenue by Company (2020-2025)
2.3 Global OTR Tires Players Sales Volume Ranking (2024)
2.4 Global OTR Tires Sales Volume by Company Players (2020-2025)
2.5 Global OTR Tires Average Price by Company (2020-2025)
2.6 Key Manufacturers OTR Tires Manufacturing Base and Headquarters
2.7 Key Manufacturers OTR Tires Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of OTR Tires
2.9 OTR Tires Market Competitive Analysis
2.9.1 OTR Tires Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by OTR Tires Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in OTR Tires as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Radial Tire
3.1.2 Bias Tire
3.1.3 Solid Tire
3.2 Global OTR Tires Sales Value by Type
3.2.1 Global OTR Tires Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global OTR Tires Sales Value, by Type (2020-2031)
3.2.3 Global OTR Tires Sales Value, by Type (%) (2020-2031)
3.3 Global OTR Tires Sales Volume by Type
3.3.1 Global OTR Tires Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global OTR Tires Sales Volume, by Type (2020-2031)
3.3.3 Global OTR Tires Sales Volume, by Type (%) (2020-2031)
3.4 Global OTR Tires Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Loader
4.1.2 Excavator
4.1.3 Concrete Machinery
4.1.4 Mining Machine
4.1.5 Others
4.2 Global OTR Tires Sales Value by Application
4.2.1 Global OTR Tires Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global OTR Tires Sales Value, by Application (2020-2031)
4.2.3 Global OTR Tires Sales Value, by Application (%) (2020-2031)
4.3 Global OTR Tires Sales Volume by Application
4.3.1 Global OTR Tires Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global OTR Tires Sales Volume, by Application (2020-2031)
4.3.3 Global OTR Tires Sales Volume, by Application (%) (2020-2031)
4.4 Global OTR Tires Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global OTR Tires Sales Value by Region
5.1.1 Global OTR Tires Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global OTR Tires Sales Value by Region (2020-2025)
5.1.3 Global OTR Tires Sales Value by Region (2026-2031)
5.1.4 Global OTR Tires Sales Value by Region (%), (2020-2031)
5.2 Global OTR Tires Sales Volume by Region
5.2.1 Global OTR Tires Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global OTR Tires Sales Volume by Region (2020-2025)
5.2.3 Global OTR Tires Sales Volume by Region (2026-2031)
5.2.4 Global OTR Tires Sales Volume by Region (%), (2020-2031)
5.3 Global OTR Tires Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America OTR Tires Sales Value, 2020-2031
5.4.2 North America OTR Tires Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe OTR Tires Sales Value, 2020-2031
5.5.2 Europe OTR Tires Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific OTR Tires Sales Value, 2020-2031
5.6.2 Asia Pacific OTR Tires Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America OTR Tires Sales Value, 2020-2031
5.7.2 South America OTR Tires Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa OTR Tires Sales Value, 2020-2031
5.8.2 Middle East & Africa OTR Tires Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions OTR Tires Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions OTR Tires Sales Value and Sales Volume
6.2.1 Key Countries/Regions OTR Tires Sales Value, 2020-2031
6.2.2 Key Countries/Regions OTR Tires Sales Volume, 2020-2031
6.3 United States
6.3.1 United States OTR Tires Sales Value, 2020-2031
6.3.2 United States OTR Tires Sales Value by Type (%), 2024 VS 2031
6.3.3 United States OTR Tires Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe OTR Tires Sales Value, 2020-2031
6.4.2 Europe OTR Tires Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe OTR Tires Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China OTR Tires Sales Value, 2020-2031
6.5.2 China OTR Tires Sales Value by Type (%), 2024 VS 2031
6.5.3 China OTR Tires Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan OTR Tires Sales Value, 2020-2031
6.6.2 Japan OTR Tires Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan OTR Tires Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea OTR Tires Sales Value, 2020-2031
6.7.2 South Korea OTR Tires Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea OTR Tires Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia OTR Tires Sales Value, 2020-2031
6.8.2 Southeast Asia OTR Tires Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia OTR Tires Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India OTR Tires Sales Value, 2020-2031
6.9.2 India OTR Tires Sales Value by Type (%), 2024 VS 2031
6.9.3 India OTR Tires Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Michelin
7.1.1 Michelin Company Information
7.1.2 Michelin Introduction and Business Overview
7.1.3 Michelin OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Michelin OTR Tires Product Offerings
7.1.5 Michelin Recent Development
7.2 Bridgestone
7.2.1 Bridgestone Company Information
7.2.2 Bridgestone Introduction and Business Overview
7.2.3 Bridgestone OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Bridgestone OTR Tires Product Offerings
7.2.5 Bridgestone Recent Development
7.3 Titan
7.3.1 Titan Company Information
7.3.2 Titan Introduction and Business Overview
7.3.3 Titan OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Titan OTR Tires Product Offerings
7.3.5 Titan Recent Development
7.4 Continental Tire
7.4.1 Continental Tire Company Information
7.4.2 Continental Tire Introduction and Business Overview
7.4.3 Continental Tire OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Continental Tire OTR Tires Product Offerings
7.4.5 Continental Tire Recent Development
7.5 Goodyear
7.5.1 Goodyear Company Information
7.5.2 Goodyear Introduction and Business Overview
7.5.3 Goodyear OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Goodyear OTR Tires Product Offerings
7.5.5 Goodyear Recent Development
7.6 China National Chemical & Rubber Group
7.6.1 China National Chemical & Rubber Group Company Information
7.6.2 China National Chemical & Rubber Group Introduction and Business Overview
7.6.3 China National Chemical & Rubber Group OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 China National Chemical & Rubber Group OTR Tires Product Offerings
7.6.5 China National Chemical & Rubber Group Recent Development
7.7 Xuzhou Armour Rubber Company Ltd
7.7.1 Xuzhou Armour Rubber Company Ltd Company Information
7.7.2 Xuzhou Armour Rubber Company Ltd Introduction and Business Overview
7.7.3 Xuzhou Armour Rubber Company Ltd OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Xuzhou Armour Rubber Company Ltd OTR Tires Product Offerings
7.7.5 Xuzhou Armour Rubber Company Ltd Recent Development
7.8 Yokohama Tire
7.8.1 Yokohama Tire Company Information
7.8.2 Yokohama Tire Introduction and Business Overview
7.8.3 Yokohama Tire OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Yokohama Tire OTR Tires Product Offerings
7.8.5 Yokohama Tire Recent Development
7.9 Haian Tire
7.9.1 Haian Tire Company Information
7.9.2 Haian Tire Introduction and Business Overview
7.9.3 Haian Tire OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Haian Tire OTR Tires Product Offerings
7.9.5 Haian Tire Recent Development
7.10 BKT
7.10.1 BKT Company Information
7.10.2 BKT Introduction and Business Overview
7.10.3 BKT OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 BKT OTR Tires Product Offerings
7.10.5 BKT Recent Development
7.11 Guizhou Tire
7.11.1 Guizhou Tire Company Information
7.11.2 Guizhou Tire Introduction and Business Overview
7.11.3 Guizhou Tire OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Guizhou Tire OTR Tires Product Offerings
7.11.5 Guizhou Tire Recent Development
7.12 Xingyuan tires
7.12.1 Xingyuan tires Company Information
7.12.2 Xingyuan tires Introduction and Business Overview
7.12.3 Xingyuan tires OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Xingyuan tires OTR Tires Product Offerings
7.12.5 Xingyuan tires Recent Development
7.13 Double Coin Tire Group
7.13.1 Double Coin Tire Group Company Information
7.13.2 Double Coin Tire Group Introduction and Business Overview
7.13.3 Double Coin Tire Group OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Double Coin Tire Group OTR Tires Product Offerings
7.13.5 Double Coin Tire Group Recent Development
7.14 Apollo
7.14.1 Apollo Company Information
7.14.2 Apollo Introduction and Business Overview
7.14.3 Apollo OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Apollo OTR Tires Product Offerings
7.14.5 Apollo Recent Development
7.15 Sailun tires
7.15.1 Sailun tires Company Information
7.15.2 Sailun tires Introduction and Business Overview
7.15.3 Sailun tires OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Sailun tires OTR Tires Product Offerings
7.15.5 Sailun tires Recent Development
7.16 Triangle tires
7.16.1 Triangle tires Company Information
7.16.2 Triangle tires Introduction and Business Overview
7.16.3 Triangle tires OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Triangle tires OTR Tires Product Offerings
7.16.5 Triangle tires Recent Development
7.17 Linglong tires
7.17.1 Linglong tires Company Information
7.17.2 Linglong tires Introduction and Business Overview
7.17.3 Linglong tires OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Linglong tires OTR Tires Product Offerings
7.17.5 Linglong tires Recent Development
7.18 JK Tyre
7.18.1 JK Tyre Company Information
7.18.2 JK Tyre Introduction and Business Overview
7.18.3 JK Tyre OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 JK Tyre OTR Tires Product Offerings
7.18.5 JK Tyre Recent Development
7.19 Taishan Shandong Tire
7.19.1 Taishan Shandong Tire Company Information
7.19.2 Taishan Shandong Tire Introduction and Business Overview
7.19.3 Taishan Shandong Tire OTR Tires Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Taishan Shandong Tire OTR Tires Product Offerings
7.19.5 Taishan Shandong Tire Recent Development
8 Industry Chain Analysis
8.1 OTR Tires Industrial Chain
8.2 OTR Tires Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 OTR Tires Sales Model
8.5.2 Sales Channel
8.5.3 OTR Tires Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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