OTR 타이어 시장 예측(-2032년) : 타이어 유형, 림 사이즈, 타이어 컨디션, 유통 채널, 용도, 최종 사용자, 지역별 세계 분석

According to Stratistics MRC, the Global OTR Tires Market is accounted for $7.78 billion in 2025 and is expected to reach $12.09 billion by 2032 growing at a CAGR of 6.5% during the forecast period. Off-the-road (OTR) tires are engineered for use in vehicles that function in tough working environments like mining, agriculture, and construction. These tires are crafted to endure heavy loads, uneven terrain, and rigorous conditions. With reinforced sidewalls, robust materials, and innovative tread designs, OTR tires deliver excellent grip, stability, and durability while resisting wear, cuts, and punctures. Their reliability in high-stress operations makes them indispensable for sectors dependent on large, heavy machinery. With global growth in mining projects and infrastructure activities, the adoption of OTR tires is increasing steadily, encouraging manufacturers to focus on longer life cycles, efficiency, and sustainable production methods.

According to data from ICRA, India's Mining and Construction Equipment (MCE) industry is expected to achieve 70-80% localization within 5-7 years, indicating strong domestic manufacturing and demand for OTR-compatible machinery.

Market Dynamics:

Driver:

Rising infrastructure and construction activities

The surge in infrastructure and construction development significantly fuels the OTR tires market. Rapid urban growth and industrial expansion are driving investments in highways, residential buildings, bridges, and other large-scale projects. Heavy equipment like bulldozers, dump trucks, and loaders, essential for such projects, rely heavily on OTR tries to ensure durability, safety, and traction on uneven surfaces. These tires provide the strength required to transport heavy loads in challenging work environments. With governments and private firms channeling funds into global infrastructure initiatives, the usage of OTR tires is consistently increasing, encouraging manufacturers to introduce advanced designs and long-lasting tire solutions.

Restraint:

High manufacturing and maintenance costs

A significant restraint in the OTR tires market lies in their high production and upkeep costs. Manufacturing requires premium-grade materials, advanced technology, and precision processes, which elevate overall expenses and lead to costly end products. For smaller businesses in construction, agriculture, and mining, these prices pose challenges, reducing affordability. Beyond purchase, OTR tires demand consistent maintenance through checks, repairs, and eventual replacement, further straining operating budgets. These financial barriers often push users toward lower-cost substitutes, especially in emerging economies where price sensitivity is higher. As a result, the steep expense of producing and maintaining OTR tires continues to restrict market expansion.

Opportunity:

Adoption of smart tires and IoT technology

The rise of smart tires and IoT technology presents a significant opportunity for the OTR tires market. By embedding sensors into tires, manufacturers enable real-time tracking of tire conditions such as pressure, temperature, wear, and overall performance. This data helps to optimize tire use, prevent potential failures, and boost productivity by reducing downtime. In addition to improving operational efficiency, smart OTR tires can enhance fuel economy and extend the overall lifespan of the tires. With industries aiming for higher productivity and lower maintenance costs, the demand for smart tires integrated with IoT technology is expected to expand rapidly, transforming tire management systems.

Threat:

Intense market competition

The OTR tires market faces a significant threat from rising competition among global and local players. Leading manufacturers focus heavily on innovation, whereas smaller companies attract customers with lower-cost products, intensifying pricing pressures. This environment often forces established brands to cut margins or bundle more features at minimal prices, reducing overall profitability. Additionally, counterfeit and low-quality tires in circulation add to the challenge by offering cheaper alternatives that erode trust in premium brands. As competition intensifies, maintaining brand differentiation and customer loyalty becomes increasingly difficult. Such conditions hinder long-term growth and profitability, making competition one of the industry's most critical threats.

Covid-19 Impact:

COVID-19 created major disruptions for the OTR tires market, primarily through halted production, delayed shipments, and weakened industrial activity. Lockdowns stalled critical sectors such as construction, agriculture, and mining, which are the primary consumers of OTR tires. At the same time, supply chain interruptions, raw material shortages, and labor unavailability caused production slowdowns and delivery delays. The overall decline in large-scale projects further weakened demand. Additionally, logistical hurdles restricted market operations, intensifying the impact. Nevertheless, the industry showed resilience as recovery began with the reopening of economies, leading to renewed infrastructure growth and mining activities, which restored momentum in the post-pandemic phase.

The radial segment is expected to be the largest during the forecast period

The radial segment is expected to account for the largest market share during the forecast perioddue to their outstanding durability, performance, and adaptability in heavy-duty operations. Compared with bias and solid tires, they provide superior stability, load handling, and traction, which makes them suitable for demanding applications in mining, construction, and agriculture. Their flexible sidewalls and optimized tread patterns reduce wear, absorb impacts, and enhance fuel efficiency, appealing to operators focused on long-term cost savings. The balance of reliability, safety, and efficiency allows radial tires to outperform other types in challenging environments. Consequently, they continue to secure the largest share of the market, establishing themselves as the go-to option for heavy machinery.

The mining equipmentsegment is expected to have the highest CAGR during the forecast period

Over the forecast period, the mining equipment segment is predicted to witness the highest growth ratedue to rising demand for metals, minerals, and other resources globally. Expanding mining activities, particularly in developing regions, require robust machinery such as haul trucks, excavators, and loaders, which depend on specialized OTR tires for durability and performance. These tires must withstand extreme conditions, heavy loads, and rough terrain, making them critical for operational efficiency. With ongoing investments in advanced mining equipment and infrastructure to maximize output, the need for high-quality, long-lasting tires continues to rise. Consequently, the mining equipment segment is emerging as the primary driver of market expansion.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by accelerated urbanization, industrial growth, and large-scale infrastructure projects across nations like China, India, and Japan. Expanding construction, mining, and agricultural operations increase the need for heavy machinery fitted with reliable OTR tires. The region benefits from the presence of major tire manufacturers and ready availability of essential raw materials, which support production and distribution. Government spending on highways, bridges, ports, and industrial facilities further strengthens market demand. High usage of machinery, coupled with ongoing economic and industrial developments, reinforces Asia-Pacific's leading position, making it the region with the largest market share for OTR tires globally.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by its mature construction, mining, and industrial sectors. Advanced infrastructure, high mechanization, and widespread use of heavy equipment necessitate reliable and long-lasting OTR tires. The United States and Canada are investing heavily in road improvements, industrial expansions, and infrastructure modernization, which boosts tire demand. The presence of leading tire manufacturers, well-developed logistics networks, and strong regulatory oversight ensures market efficiency and stability. Furthermore, growing emphasis on sustainable practices in mining and construction encourages the adoption of high-performance OTR tires, positioning North America as an important region in the global OTR tire market.

Key players in the market

Some of the key players in OTR Tires Market include Bridgestone Corporation, Michelin, MRF Limited, Yokohama Rubber Company, Continental AG, Sumitomo Rubber Industries Ltd., Apollo Tyres Ltd, Kumho Tire, Pirelli & C. S.p.A., Toyo Tire Corporation, Hankook Tire & Technology Co., Ltd., Nokian Tyres plc., Trelleborg AB, Double Coin Tire Group Ltd and Titan International, Inc.

Key Developments:

In August 2025, Bridgestone Corporation entered into an agreement to sell its group company, Mexico Carbon Manufacturing S.A. de C.V. (MXCB), to Cabot Corporation. The Bridgestone carbon black sale marks a strategic shift in Bridgestone's material supply strategy. The company said it continues to build a foundation for growth with quality. The sale of MXCB aligns with Bridgestone's focus on enhancing its "Dan-Totsu products" across the value chain-from materials development to sales.

In July 2024, Yokohama to acquire Goodyear's OTR business. An agreement has been reached for Yokohama to purchase Goodyear's OTR tire business. The OTR segment provides specialized tires for the mining and construction industries among others. The agreed acquisition price is US$905m, with completion conditional on the usual regulatory approvals.

In May 2023, MRF Ltd. has entered into a power purchase agreement with First Energy 4 Pvt. Ltd. in order to enhance its source of renewable power supply. MRF has decided to acquire and maintain an equity stake of up to 19.10% in First Energy 4 Pvt. Ltd. for a cash consideration of ₹13 crore. The transaction is expected to be completed by June, it said in a regulatory filing.

Tire Types Covered:

• Radial
• Bias
• Solid

Rim Sizes Covered:

• Below 25 inches
• 25-30 inches
• Above 30 inches

Tire Conditions Covered:

• New Tires
• Retreaded Tires

Distribution Channels Covered:

• OEM (Original Equipment Manufacturer)
• Aftermarket

Applications Covered:

• Construction Equipment
• Mining Equipment
• Agricultural Tractors
• Industrial Machinery
• All-Terrain Vehicles (ATVs)
• Port & Material Handling Equipment

End Users Covered:

• Construction
• Mining
• Agriculture
• Industrial
• Ports & Logistics

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global OTR Tires Market, By Tire Type

• 5.1 Introduction
• 5.2 Radial
• 5.3 Bias
• 5.4 Solid

6 Global OTR Tires Market, By Rim Size

• 6.1 Introduction
• 6.2 Below 25 inches
• 6.3 25-30 inches
• 6.4 Above 30 inches

7 Global OTR Tires Market, By Tire Condition

• 7.1 Introduction
• 7.2 New Tires
• 7.3 Retreaded Tires

8 Global OTR Tires Market, By Distribution Channel

• 8.1 Introduction
• 8.2 OEM (Original Equipment Manufacturer)
• 8.3 Aftermarket

9 Global OTR Tires Market, By Application

• 9.1 Introduction
• 9.2 Construction Equipment
• 9.3 Mining Equipment
• 9.4 Agricultural Tractors
• 9.5 Industrial Machinery
• 9.6 All-Terrain Vehicles (ATVs)
• 9.7 Port & Material Handling Equipment

10 Global OTR Tires Market, By End User

• 10.1 Introduction
• 10.2 Construction
• 10.3 Mining
• 10.4 Agriculture
• 10.5 Industrial
• 10.6 Ports & Logistics

11 Global OTR Tires Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Bridgestone Corporation
• 13.2 Michelin
• 13.3 MRF Limited
• 13.4 Yokohama Rubber Company
• 13.5 Continental AG
• 13.6 Sumitomo Rubber Industries Ltd.
• 13.7 Apollo Tyres Ltd
• 13.8 Kumho Tire
• 13.9 Pirelli & C. S.p.A.
• 13.10 Toyo Tire Corporation
• 13.11 Hankook Tire & Technology Co., Ltd.
• 13.12 Nokian Tyres plc.
• 13.13 Trelleborg AB
• 13.14 Double Coin Tire Group Ltd
• 13.15 Titan International, Inc.