Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the OTR Tires Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the OTR Tires Market?
The market size of the OTR tires expanded at a consistent pace in recent times. The market size rose from $9.66 billion in 2024 to $10.06 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.2%.
What Are the Expected Market Growth Trends for the OTR Tires Market Through 2029?
The OTR Tires Global Market is projected to reach a market size of $12.52 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.6%.
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What Are the Key Business Drivers in the OTR Tires Market Landscape?
The key drivers in the otr tires market are:
• Growth in the agricultural industry
• Rising urbanization
• Increase in infrastructure investment
• Technological innovation, including tire sensors and artificial intelligence for tire performance monitoring
How Is the OTR Tires Market Divided Across Key Categories?
The otr tires market covered in this report is segmented –
1) By Type: Radial Tires, Bias Tires, Solid Tires
2) By Process: Pre-Cure, Mold Cure
3) By Vehicle Type: Loaders, Dumpers, Graders, Cranes, Tractors, Forklifts, Other Vehicle Types
4) By Sales Channel: Original Equipment Manufacturer, After market
5) By Rim Size: Upto 30 Inches, 30-50 Inches, Above 50 Inches
6) By End-User: Mining, Construction And Industrial Equipment, Agriculture, Other End-Users
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What Are the Ongoing Trends in the OTR Tires Market?
The key trends in the otr tires market are:
• There is a trend towards utilization of tire sensors and artificial intelligence for monitoring tire performance.
• An increasing focus is being put on creating and developing tires using sustainable and green materials.
• The emphasis on airless tires, which do not require air pressure, is on the rise.
• There's a growing trend of focusing on innovative tire designs, product launches, new product development, and strategic partnerships and collaborations.
Which Companies are Expanding in the OTR Tires Industry?
Major players in the otr tires market are:
• The Goodyear Tire & Rubber Company
• The Yokohama Rubber Co Ltd
• Michelin
• Continental AG
• Bridgestone Corporation
• Triangle Tyre Co., Ltd
• Apollo Tyres Ltd
• Sumitomo Rubber Industries, Ltd
• Balkrishna Industries Limited
• Aeolus Tyre Co., Ltd
• Toyo Tires
• Sailun Group
• JK Tyre & Industries Ltd
• MRF
• Tianjin International United Tire & Rubber Co Ltd
• Prometeon Tyre Group S.R. L
• Metro Exporters Private Limited
• CEAT Ltd
• GS Tyres GRI
• COTON company
• Barum (company)
• Pirelli Tyre Russia Limited Liability Company
• Cooper Tire & Rubber Company
• Titan
• McKees Rocks Forgings Inc
• Arbco Industries, LLC
• Associated Fastening Product Inc
• Kal tire
• Camso
• AirBoss of America
• Waterville TG
• Uniroyal
• Polycorp
• Nexen Tire
• Trelleborg
• Fate Tire
• Rodaco
• Rct Tyre
• Gomería GMC
• Al Rashed Tires
• BLATCO Company
• Alliance Tyres
• Rallyance Ltd
Which is the Largest Region the Global OTR Tires Market?
Asia-Pacific was the largest region in the OTR tires market in 2024
