Saturday, January 6, 2024

Global All-steel Radial OTR Tires Market Insights, Forecast to 2029

What is Global All-steel Radial OTR Tires Market?

The Global All-steel Radial OTR Tires Market is a comprehensive study of the global market trends and growth prospects in the field of all-steel radial off-the-road (OTR) tires. These tires are specifically designed for heavy-duty vehicles that operate in challenging environments such as construction sites, mines, and quarries. The market study encompasses a detailed analysis of the production, consumption, revenue, and market share of these tires on a global scale. The market is segmented based on the rim diameter of the tires and their applications in various industries. However, the report does not provide specific data on the market size or growth rate.

All-steel Radial OTR Tires Market

Rim Diameter Less Than 29 Inches, Rim Diameter Between 29-39 Inches, Rim Diameter Greater Than 39 Inches in the Global All-steel Radial OTR Tires Market:

The Global All-steel Radial OTR Tires Market is further segmented based on the rim diameter of the tires. These include tires with a rim diameter of less than 29 inches, between 29-39 inches, and greater than 39 inches. The market for each of these segments is analyzed in terms of production, consumption, revenue, and market share. The report provides a detailed analysis of the market trends, growth prospects, and challenges in each of these segments. However, the report does not provide specific data on the market size or growth rate of each of these segments.

Loader, Crane, Concrete Machinery, Mining Machine, Others in the Global All-steel Radial OTR Tires Market:

The Global All-steel Radial OTR Tires Market also analyzes the usage of these tires in various applications. These include loaders, cranes, concrete machinery, mining machines, and others. The market for each of these applications is analyzed in terms of production, consumption, revenue, and market share. The report provides a detailed analysis of the market trends, growth prospects, and challenges in each of these applications. However, the report does not provide specific data on the market size or growth rate of each of these applications.

Global All-steel Radial OTR Tires Market Outlook:

The global All-steel Radial OTR Tires market was valued at US$ 6232 million in 2022 and is anticipated to reach US$ 7558.4 million by 2029, witnessing a CAGR of 3.1% during the forecast period 2023-2029. The market is dominated by the top three players who hold a share of over 54%. China is the largest producer of All-steel Radial OTR Tires, holding a share of over 32 percent. In terms of product type, the segment of Rim Diameter Less Than 29 Inches is the largest, accounting for a share of 80%. In terms of application, the Loader segment holds a share of about 39 percent.


Report Metric Details
Report Name All-steel Radial OTR Tires Market
Accounted market size in 2023 US$ 6308 million
Forecasted market size in 2029 US$ 7558.4 million
CAGR 3.1
Base Year 2023
Forecasted years 2023 - 2029
Segment by Type
  • Rim Diameter Less Than 29 Inches
  • Rim Diameter Between 29-39 Inches
  • Rim Diameter Greater Than 39 Inches
Segment by Application
  • Loader
  • Crane
  • Concrete Machinery
  • Mining Machine
  • Others
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • South Korea
  • India
Sales by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Michelin, Bridgestone, Titan, Continental Tire, Goodyear, China National Chemical & Rubber Group, Yokohama Tire, Haian Tire, BKT, Guizhou Tire, Xingyuan tires, Double Coin Tire Group, Apollo, Sailun tires, Triangle tires, Linglong tires, JK Tyre, Taishan Shandong Tire
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

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