Off The Road Tires Market Intelligence

A comprehensive Off-Road (OTR)Tires Market Report that answers these questions

A comprehensive Off-Road (OTR)Tires Market Report that answers these questions

  • What are the key trends in Off The Road Tires category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Off The Road Tires industry?
  • How is Off The Road Tires industry performing?

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Report Coverage

  • Market Analysis–Demand and Supply

  • Supply Trends and Insights

  • Key Global Supplier Profiles

  • Price Trend

Market Size

Market Size North America

$3.9 Bn

Market Size Europe

$4.7 Bn

Market Size Asia Pacific

$13 Bn

Table of contents

  1. Off The Road Tires Executive Summary
  2. Category Landscape
  3. Regional Market Outlook
  4. Supply Landscape
  1. Off The Road Tires Market Analysis
  2. Global Market Maturity
  3. Market Overview
  4. Market Size and Trend
  5. Demand and Supply
  6. Market Trend and Implication
  7. Market Drivers and Constraints
  8. Regional Market Outlook
  9. Global Porter’s Five Force Analysis
  1. Off The Road Tires Supply Analysis
  2. Supply Market Outlook
  3. Supplier Market Share
  4. Major Expansion Projects
  5. Supplier Profile
  6. SWOT Analysis
  1. Off The Road Tires Cost and Pricing Analysis
  2. Cost Structure
  3. Price Trend
  4. Pricing Model
  5. Price Driver Analysis
  6. Total Cost of Ownership
  7. Approaches to Savings
  1. Off The Road Tires Procurement Best Practices
  2. Sourcing Models
  3. Best Practices
  4. Value Chain Mapping
  5. Key Negotiation Levers
  6. Market Innovation
  7. Recent Technology Development

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Off-road Tires Market Analysis and Global Outlook

  • APAC will continue to dominate the market in terms of growth prospects until 2020
  • Shift of market focus from product to service has been witnessed as an emerging trend in all the major regions to optimize buyer's total cost of ownership
  • Medium OTR tires market Maturity Regions include South America, APAC, Europe
  •  High Market Maturity Regions include North America
  • Major market drivers are Mineral production output and growth in construction sector 
  • Michelin, Bridgestone, Goodyear, Yokohama and Titan form the top five suppliers constituting 83 percent of the off-road tire market

 off-the-road-tires-market-size

Global OTR Tire Market Maturity

  • Key trend, which is expected to influence OTR tire market maturity would be the customer's reliance on distribution network. Both mining and construction customers are increasingly looking out for additional service, such as tire tracking while procuring tires

Off-road Tires Industry Overview

  • Off-road tire market of around $26.1 billion has the high value from mining industry, majority of which comes from the surface/opencast mining sector.
  • In 2015, OTR tire market constituted 10 percent of all the tire sales accounting for $21 billion
  • Due to reduced commodity demand, the mining share in OTR tire sales has been plummeting since 2012 from 20 percent to 15 percent by volume
  • Market demand for OTR tires from mining is softening, and hence there exists an opportunity to renegotiate with suppliers. However, the demand of OTR tires from mining industry is expected to surge and attain 2012 mark post 2020
  • The off-road tire industry forecast predicts that demand is anticipated to improve, due to market conditions. The market would be driven by increasing commodity price and current abundant supply of large OTR tires
  • Tires market study shows that commodity demand is the major market driver to forecast OTR tire demand growth; cyclical condition may result in an unpredicted estimation
  • The major cost factors involved are raw materials and labor, which account for about 90 percent of the total cost.
  • The off-road tyre industry forecast shows that on-going development in new technologies is expected to cause a “huge seismic shift” in the way OTR tire industry is doing the business. Thus discarding the old model of selling and servicing such tires

Market Size and Trend

  • Global OTR tire demand is expected to grow at a CAGR of 5.5 percent to $30 billion by 2022, driven by increasing demand in small and medium OTR tire from the construction sector
  • Original Equipment (OE) demand is expected to surpass the replacement demand by 2–4 percent. The OE demand continues to grow in mature market, as demand for tires used in infrastructure is at a constant rise
  • Demand for large/ultra-large OTR tires is expected to grow between 3 percent and 6 percent annually until 2018 fueled by increased demand from commodity, such as Gold.All commodity segments, except gold, will contract over the next year
  • Significant decline in coal mining is anticipated in the upcoming years, due to growing dependence on alternative energies, coupled with environmental/regulatory pressure. This would drive down the OTR tire demand from coal miners, thus providing opportunities for other miners to lock their capacity for the upcoming years and develop an upper-hand in negotiation with the suppliers

Market Analysis –Demand and Supply

  • With the demand of mining going down, supply deficit for ultra-large tires is not anticipated
  • Surging demand from construction is expected to bring new suppliers to the market in medium and large OTR tire segment, thus expanding the choices for end-user and making it critical for them to choose their supply partner
  • Currently, manufacturing plants for small/medium OTR tire sizes operate between 75 percent and 85 percent of their capacities
  • Supply shortage of Tier-1 brand ultra-large OTR tires continued during 2013–2014. However, there are no supply issues for such tires currently. Demand is expected to outstrip supply owing to plant shutdown by major manufacturer, such as Michelin
  • Global manufacturers are producing large OTR tires at full capacity with no plans for investment/plant expansion, until the demand for commodities surge

Why You Should Buy This Report

  • The report explains the cost structures, pricing models and key price drivers of the global off-road tires industry. 
  • It details the sourcing models, recent technology development and innovation such as how the transformation from product-focused to service-focused approach will be the emerging trend
  • The report gives key supplier profiles and SWOT analysis of top suppliers in the off-road tires market such as Yokohoma, Titan, etc. 
  • The report gives information about matured, global drivers and constraints and developing markets and regional market outlook.

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