India Off the Road Tire Market size was valued at USD 524.90 million in 2023 and is anticipated to reach USD 928.42 million by 2032, at a CAGR of 6.53% during the forecast period (2023-2032).
The growth of the India Off-the-Road (OTR) tire market is primarily driven by several key factors. The government’s focus on infrastructure development, particularly in road construction and urbanization, has created a significant demand for heavy machinery, which in turn boosts the need for durable OTR tires. Additionally, the mining sector’s rapid expansion, fueled by India’s rich mineral resources, requires specialized tires capable of withstanding harsh mining conditions. Agricultural mechanization is another significant driver, with an increasing shift towards using tractors, harvesters, and other machinery that require high-performance OTR tires. Moreover, technological advancements in tire design, including improved tread patterns and enhanced durability, have made OTR tires more efficient and long-lasting, further increasing their adoption in industrial and agricultural sectors.
The demand for OTR tires in India varies regionally, reflecting the diverse industrial and agricultural activities across the country. In northern India, states like Punjab and Haryana, which have a strong agricultural base, show significant demand for OTR tires, particularly in the farming sector where mechanized equipment is increasingly utilized. In western India, states like Gujarat and Maharashtra are experiencing heightened demand driven by booming construction and mining activities, requiring robust tires for heavy-duty machinery. Southern India, with its growing industrial sectors in Karnataka and Tamil Nadu, also sees increased adoption of OTR tires, especially for industrial machinery. These regional variations underscore the importance of tailoring tire solutions to meet the specific demands of each area, with different sectors driving the need for specialized OTR tires.
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The India Off-the-Road (OTR) tire market was valued at USD 524.90 million in 2023 and is expected to reach USD 928.42 million by 2032, growing at a CAGR of 6.53% during the forecast period.
The Global OTR tire market was valued at USD 18,234 million in 2023 and is expected to grow to USD 27,097.46 million by 2032, at a CAGR of 4.5%.
Government investments in infrastructure projects, particularly in road construction and urbanization, are driving the demand for heavy machinery and increasing the need for durable OTR tires.
The expansion of the mining sector, driven by India’s rich mineral resources and growing demand for minerals, is fueling the need for specialized OTR tires that can withstand harsh mining environments.
Agricultural mechanization, particularly the increasing use of tractors and harvesters, is contributing significantly to the rising demand for OTR tires in India’s agricultural sector.
Technological advancements in OTR tire design, including improved materials and tire monitoring systems, are enhancing performance, durability, and fuel efficiency, further boosting market growth.
The demand for OTR tires varies across regions, with northern India driven by agriculture, western India by mining and construction, and southern India by industrial growth.
Key challenges include high production costs, fluctuating raw material prices, limited recycling infrastructure, and reliance on imported tires, all of which affect the affordability and growth of the market.
Market Drivers:
Infrastructure Development
One of the primary drivers of the India Off-the-Road (OTR) tire market is the country’s ongoing infrastructure development. The government has significantly increased investments in building and upgrading roads, highways, ports, and other critical infrastructure to support economic growth. For instance, companies like Apollo Tyres. In its FY2023 annual report, Apollo Tyres highlighted that its OTR tire segment saw a double-digit growth rate, citing increased demand from the construction sector due to government-led infrastructure projects such as the Bharatmala Pariyojana and Smart Cities Mission. These infrastructure projects require heavy machinery, such as construction vehicles, cranes, and earthmovers, all of which rely on durable OTR tires for efficient and safe operation. As more infrastructure development projects take shape, the demand for OTR tires, especially those designed for construction vehicles, is set to rise. The growth of the infrastructure sector continues to be a vital driver of market expansion.
Mining Sector Growth
India’s mining industry is another significant contributor to the growth of the OTR tire market. The country is rich in natural resources such as coal, iron ore, and other minerals, leading to a growing demand for mining machinery. These heavy machines, including dump trucks, bulldozers, and excavators, require high-performance OTR tires capable of withstanding the extreme conditions in mines, such as rough terrain, heavy loads, and long operating hours. The increasing demand for these minerals, both domestically and for export, has resulted in a surge in mining activities, directly driving the need for durable OTR tires. As the mining sector expands, so too will the demand for reliable and specialized tires for the machinery used in these operations.
Agricultural Mechanization
The agricultural sector in India is undergoing significant transformation, with a shift toward mechanization. The increasing adoption of tractors, harvesters, and other farming machinery to enhance productivity and reduce labor costs has led to a rising demand for OTR tires. India’s large agricultural base, particularly in states such as Punjab, Haryana, and Uttar Pradesh, continues to drive the need for tires that can handle the demands of farming machinery. These vehicles are subject to challenging operating conditions, including rough fields, varied climates, and long hours of usage, all of which require specialized tires designed for durability and efficiency. As mechanization continues to spread across India’s agricultural landscape, the demand for OTR tires is expected to grow steadily.
Technological Advancements
Technological innovation in OTR tire design and manufacturing is also a critical factor driving market growth in India. Manufacturers are increasingly focused on developing tires that offer higher performance, longer lifespans, and improved fuel efficiency, which are particularly important for industries such as construction, mining, and agriculture. Innovations in tire materials, such as advanced rubber compounds and tread designs, help to enhance tire durability and reduce maintenance costs. Moreover, the incorporation of tire monitoring technologies, such as sensors to track tire condition and pressure, allows for better performance management, further increasing the appeal of OTR tires. For instance, the increasing integration of tire pressure monitoring systems (TPMS) and real-time sensor technologies allows operators to monitor tire pressure and temperature, proactively addressing potential hazards and improving operational efficiency. As these technologies evolve and become more accessible, industries in India will increasingly adopt them to improve operational efficiency, thereby further driving the growth of the OTR tire market.
Market Trends:
Shift Towards Sustainable Solutions
In the India Off-the-Road (OTR) tire market, a notable trend is the growing shift towards sustainable and eco-friendly tire solutions. As industries across the nation focus more on reducing their environmental footprint, the demand for tires that are both durable and environmentally responsible has risen. Manufacturers are increasingly integrating sustainable practices into their production processes, including using eco-friendlier materials such as recycled rubber and reducing carbon emissions in tire manufacturing. Additionally, there is an increasing preference for tires designed to improve fuel efficiency, especially in sectors like mining and construction where fuel costs are a significant concern. This trend towards sustainability reflects the broader push in India for greener industrial practices.
Technological Integration in Tire Monitoring
Another significant trend shaping the India OTR tire market is the integration of advanced technologies for tire monitoring and performance management. Tire manufacturers are incorporating sensors and telematics systems that provide real-time data on tire conditions, including pressure, temperature, and wear patterns. These technological advancements enable fleet operators in industries such as mining, construction, and agriculture to monitor tire performance closely, optimize tire life, and minimize downtime. For instance, IoT-enabled smart tires by CEAT can proactively alert users to potential hazards and maintenance needs, reducing operational costs and enhancing safety. By adopting these tire monitoring solutions, businesses can enhance operational efficiency, reduce maintenance costs, and extend the lifespan of tires, all of which contribute to the growing preference for technologically enhanced OTR tires.
Increasing Focus on Premium Tires
The Indian OTR tire market is also witnessing a shift towards premium tire offerings. As industries demand higher performance, particularly in harsh operating environments such as mines and construction sites, the need for premium tires that provide superior durability and reliability is growing. These tires are designed to withstand extreme conditions, including heavy loads, rough terrain, and long hours of operation. The rise in demand for premium OTR tires is fueled by the increasing focus on reducing operational costs through fewer tire replacements, enhanced safety, and lower maintenance needs. For instance, BKT has invested in the production of Ultra Large all-steel OTR Radial tires, specifically designed for demanding mining and construction applications, and has set up specialized manufacturing plants to support these advanced products. Operators are willing to invest in higher-quality tires that offer long-term value, leading to a shift towards premium products in the market.
Regional Diversification in Tire Demand
As the India OTR tire market expands, there is an increasing diversification in demand across various regions of the country. While historically, demand has been concentrated in industrial hubs like Maharashtra and Gujarat, there is now growing demand in emerging regions where agricultural mechanization and infrastructure projects are gaining momentum. In states such as Rajasthan and Uttar Pradesh, where agriculture remains a dominant sector, there is a rising adoption of mechanized farming, driving the demand for OTR tires designed for agricultural equipment. Similarly, in regions like Tamil Nadu and Andhra Pradesh, the construction and mining industries are growing rapidly, leading to a surge in demand for specialized tires for heavy machinery. This regional diversification highlights the evolving dynamics of the OTR tire market in India.
Market Challenges Analysis:
High Production Costs
One of the key restraints in the India Off-the-Road (OTR) tire market is the high production costs associated with manufacturing these specialized tires. The production of OTR tires requires advanced materials and complex manufacturing processes to ensure durability and performance in harsh operating conditions. The use of high-quality rubber compounds, steel, and other specialized materials increases the cost of production. Additionally, the technology required for designing and producing tires that can withstand extreme environments further drives up costs. These high production costs can make OTR tires expensive for industries, particularly small and medium-sized enterprises, which may struggle to invest in high-performance tires for their machinery.
Fluctuating Raw Material Prices
Another significant challenge facing the OTR tire market in India is the volatility of raw material prices. The primary materials used in tire manufacturing, such as rubber, steel, and oil derivatives, are subject to global price fluctuations. These price variations can disrupt the cost structure of tire production and affect the profitability of manufacturers. When raw material prices rise unexpectedly, tire manufacturers may be forced to pass on the increased costs to customers, making tires more expensive for end-users. This uncertainty in raw material pricing can create challenges for market players who must balance production costs with competitive pricing pressures.
Limited Recycling Infrastructure
The limited infrastructure for recycling OTR tires is another challenge hindering market growth. The disposal of used tires, particularly in industries like mining and construction where tires are subjected to intense wear and tear, presents environmental and logistical concerns. For instance, in 2023, the Central Pollution Control Board (CPCB) ordered the shutdown of 270 illegal tire pyrolysis units across 19 states due to non-compliance with environmental regulations and the release of carcinogenic pollutants during the recycling process. Despite growing awareness of the environmental impact of tire waste, India lacks sufficient facilities for the recycling of OTR tires. This not only creates environmental challenges but also increases the cost of tire disposal and affects the overall sustainability of the OTR tire market.
Dependence on Imported Tires
India’s OTR tire market is also hindered by its reliance on imported tires, especially for high-performance and premium products. While domestic tire manufacturers are increasing their production capabilities, many specialized OTR tires are still imported. This dependence on imports exposes the market to potential disruptions in global supply chains, particularly due to geopolitical tensions or trade restrictions. Moreover, the additional costs associated with import duties and logistics further increase the prices of these tires, making them less affordable for local industries.
Market Opportunities:
One of the significant market opportunities in the India Off-the-Road (OTR) tire market lies in the growing trend of agricultural mechanization. As India continues to modernize its agricultural sector, there is an increasing shift towards using advanced machinery such as tractors, harvesters, and other farm equipment. This shift is driven by the need to enhance productivity, reduce labor dependency, and manage growing agricultural demands. The adoption of mechanized farming methods requires specialized OTR tires that can handle the demanding conditions of agricultural machinery, such as rough terrains and extended working hours. With a large portion of India’s economy still reliant on agriculture, there is substantial growth potential for OTR tire manufacturers catering to this sector, particularly in regions like Punjab, Haryana, and Uttar Pradesh, where agricultural activities are predominant.
The continued expansion of infrastructure and mining sectors also presents a lucrative opportunity for the OTR tire market. India’s ongoing infrastructure development projects, including roads, highways, and urbanization initiatives, require heavy-duty machinery that demands durable OTR tires. Similarly, the mining sector, supported by India’s vast mineral resources, is witnessing growth driven by increased demand for coal, iron ore, and other minerals. The need for robust tires in mining machinery, such as dump trucks and excavators, is set to rise as the sector expands. Additionally, the government’s focus on mining sector reforms and infrastructure development ensures a steady demand for OTR tires, positioning market players to benefit from these growing industries. These opportunities, combined with technological advancements in tire performance, offer considerable growth prospects for the India OTR tire market.
Market Segmentation Analysis:
The India Off the Road (OTR) tire market is segmented across various categories, each catering to specific industry needs and requirements.
By type, the market is divided into radial, bias, and solid tires. Radial tires dominate due to their superior durability, fuel efficiency, and ability to handle higher loads, making them ideal for construction and mining equipment. Bias tires are also commonly used, particularly in heavy-duty applications, while solid tires are gaining popularity in industries like ports and industrial operations for their puncture-resistant properties.
Byapplication segment includes construction, agriculture, mining, industrial, and port sectors. Construction leads the market as infrastructure development and urbanization continue to grow, requiring heavy machinery. The agriculture sector follows, driven by increasing mechanization in farming. Mining and industrial applications also show strong demand due to the need for durable tires in harsh environments. The port sector has seen steady growth, particularly with the rise in container handling and logistics operations, demanding specialized tires for cranes and port machinery.
Bytire size segment includes categories such as below 31 inches, 31-40 inches, 41-45 inches, and above 45 inches. Larger tires (above 45 inches) are particularly in demand for mining and construction vehicles, while smaller sizes are commonly used in agricultural machinery and industrial equipment.
Bymaterial, the market is divided into rubber compounds, reinforcing materials, and others, with rubber compounds being the most significant due to their crucial role in tire durability and performance. Lastly, the distribution channel segment is split between OEM (Original Equipment Manufacturer) and after-market, with after-market demand growing as equipment owners seek replacement tires for ongoing operations.
Segmentation:
By Type Segment
Radial
Bias
Solid
By Application Segment
Construction
Agriculture
Mining
Industrial
Port
By Tire Size Segment
Below 31 inch
31 – 40 inch
41 – 45 inch
Above 45 inch
By Material Segment
Rubber Compound
Reinforcing Material
Others
By Distribution Channel Segment
OEM
After Market
Regional Analysis:
The India Off the Road (OTR) tire market is experiencing dynamic growth, with demand varying significantly across regions due to differences in industrial activities, agricultural practices, and infrastructural development. The market can be broadly segmented into key regions, including Northern India, Western India, Southern India, Eastern India, and Central India, each contributing uniquely to the overall market share.
Northern India:
Northern India, which includes states like Punjab, Haryana, and Uttar Pradesh, is a significant contributor to the OTR tire market, accounting for approximately 25% of the total market share. This region’s demand is primarily driven by agricultural mechanization, with a high adoption of tractors, harvesters, and other farming machinery. The vast agricultural land in these states requires specialized OTR tires that can handle the rough terrains and varying soil conditions. Additionally, there is increasing demand for construction equipment as infrastructure projects grow in the region, further fueling tire demand.
Western India:
Western India, including Maharashtra, Gujarat, and Rajasthan, is one of the leading regions, contributing around 30% to the market share. This region is characterized by a robust industrial and mining sector, which creates significant demand for OTR tires. In states like Maharashtra and Gujarat, the construction industry is booming, with numerous projects requiring heavy machinery such as cranes and excavators. Rajasthan, rich in mineral resources, experiences high demand for mining equipment and durable tires capable of withstanding harsh environments.
Southern India:
Southern India, particularly in Tamil Nadu, Andhra Pradesh, and Karnataka, holds a market share of approximately 20%. This region is a key player in industrial manufacturing, with growing construction and infrastructure sectors driving demand for OTR tires in heavy-duty machinery. Additionally, the increasing mechanization in agriculture, especially in states like Tamil Nadu, has contributed to the rise in tire demand. The region’s industrial and agricultural activities support a steady need for OTR tires, particularly in the industrial and agricultural application segments.
Eastern India:
Eastern India, including states like Odisha, West Bengal, and Bihar, accounts for around 15% of the market share. The region has seen steady growth in mining, with states like Odisha contributing to a significant share of India’s mineral production. The mining industry’s demand for durable and high-performance OTR tires continues to drive market growth here. In addition, ongoing infrastructural development in these states is contributing to the increased need for construction machinery and, consequently, OTR tires.
Central India:
Central India, consisting of Madhya Pradesh and Chhattisgarh, has a market share of about 10%. While this region has relatively lower demand compared to others, it is witnessing growth, particularly in the mining sector. As the government focuses on improving infrastructure and boosting the mining sector, the demand for OTR tires in these areas is steadily increasing.
Key Player Analysis:
The Goodyear Tire & Rubber Company
Carlisle (Meizhou) Rubber Products Co. Ltd
Titan International, Inc.
Maxam Tire
Bridgestone Corporation
Guizhou Tire Co. Ltd.
Linglong Tire
Pirelli
Prinx Chengshan (Shandong) Tire Co. Ltd
Double Coin Holdings
MRF
CEAT
Competitive Analysis:
The India Off the Road (OTR) tire market is highly competitive, with several key players vying for market share across various sectors such as construction, agriculture, and mining. Prominent global tire manufacturers, including Michelin, Bridgestone, Goodyear, and Continental, dominate the market, leveraging their extensive research and development capabilities, advanced tire technologies, and strong distribution networks. These companies focus on offering high-performance, durable tires to meet the growing demands of the construction, mining, and agricultural industries. Domestic players such as MRF and JK Tyre also hold significant market positions, capitalizing on their deep understanding of local market needs and cost-effective manufacturing. These companies are investing in innovation and enhancing product portfolios to cater to diverse regional demands. The competitive landscape is further intensified by the increasing focus on sustainability, technological advancements in tire performance, and the growing presence of aftermarket services, positioning these companies for long-term growth.
Recent Developments:
In January 2025, Balkrishna Industries Limited (BKT) announced its participation in the Bharat Construction Equipment Expo 2025, which is set to take place from January 19–22, 2025, at the India Expo Mart in Greater Noida. At this event, BKT will showcase a range of advanced off-highway tire solutions, including the BKT XL Grip Ultra for heavy-duty tipper equipment, the AT 621 range for backhoe loaders in soft soil, the Loader Plus for rocky environments, and the BK 6060 for both on-site and road use.
In December 2024, JK Tyre & Industries Limited made a significant announcement highlighting its ongoing innovation in the off-the-road (OTR) tire segment. The company introduced a new range of OTR tires engineered for challenging terrains and heavy-duty machinery, particularly for the mining sector. These latest offerings are designed to deliver enhanced durability and productivity, setting new benchmarks in tire technology for the OTR industry in India.
In November 2024, Bridgestone India announced a strategic investment of approximately $85 million to expand capacity and capability at its Pune and Indore plants, with the expansion set to begin in early 2025. This investment will increase production capacity by 1.1 million tires annually by 2029 and includes the establishment of a satellite technology center at Pune. The focus is on premium tire production, including OTR tires, to meet rising demand in India’s construction and mining industries.
Market Concentration & Characteristics:
The India Off the Road (OTR) tire market is moderately concentrated, with a mix of global and domestic players competing for market share. Global giants such as Michelin, Bridgestone, and Goodyear dominate the high-end segment, particularly in the construction, mining, and agricultural industries, thanks to their advanced technology, global presence, and strong brand reputation. However, domestic companies like MRF and JK Tyre hold a substantial market share by catering to cost-sensitive segments and offering region-specific solutions. The market is characterized by intense competition, driven by the demand for durable, high-performance tires that can withstand challenging operating conditions. Manufacturers are increasingly focusing on product innovation, sustainability, and technological advancements, such as improved tread designs and tire monitoring systems. Additionally, there is growing emphasis on after-market services, creating opportunities for tire replacement, retreading, and maintenance within the market.
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The research report offers an in-depth analysis based on Type, Application, Tire Size, Material and Distribution Channel It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook:
The India OTR tire market is expected to grow at a steady CAGR due to increased infrastructure development and mechanization across industries.
Demand for high-performance tires will rise as construction and mining sectors expand in both urban and rural regions.
Agricultural mechanization will continue to drive the need for durable OTR tires tailored for farming equipment.
Technological advancements in tire design, including improved tread patterns and fuel efficiency, will enhance tire performance.
The growing emphasis on sustainability will push manufacturers towards eco-friendly tire solutions.
Regional diversification will become more pronounced as tire demand increases in emerging markets, such as East and Central India.
Expansion in the port sector will fuel demand for solid and puncture-resistant OTR tires.
Aftermarket services, including tire maintenance and retreading, will become a significant revenue stream.
The shift towards premium OTR tires will grow as businesses prioritize long-term durability and cost-efficiency.
Increased investments in domestic manufacturing will reduce dependence on imports, improving market competitiveness.
CHAPTER NO. 1 : INTRODUCTION 16
1.1.1. Report Description 16 Purpose of the Report 16 USP & Key Offerings 16
1.1.2. Key Benefits for Stakeholders 16
1.1.3. Target Audience 17
1.1.4. Report Scope 17 CHAPTER NO. 2 : EXECUTIVE SUMMARY 18
2.1. OFF-THE-ROAD TIRE Market Snapshot 18
2.1.1. India OFF-THE-ROAD TIRE Market, 2018 – 2032 ((USD Million) 20
2.2. Insights from Primary Respondents 20 CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 21
3.1. Russia-Ukraine and Israel-Palestine War Impacts 21 CHAPTER NO. 4 : OFF-THE-ROAD TIRE MARKET – INDUSTRY ANALYSIS 22
4.1. Introduction 22
4.2. Market Drivers 23
4.2.1. Driving Factor 1 Analysis 23
4.2.2. Driving Factor 2 Analysis 24
4.3. Market Restraints 25
4.3.1. Restraining Factor Analysis 25
4.4. Market Opportunities 26
4.4.1. Market Opportunity Analysis 26
4.5. Porter’s Five Forces Analysis 27
4.6. Value Chain Analysis 28
4.7. Buying Criteria 29 CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 30
5.1. Import Analysis by India 30
5.1.1. India OFF-THE-ROAD TIRE Market Import Revenue, By India, 2018 – 2023 30
5.2. Export Analysis by India 31
5.2.1. India OFF-THE-ROAD TIRE Market Export Revenue, By India, 2018 – 2023 31 CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 32
6.1. Demand Analysis by India 32
6.1.1. India OFF-THE-ROAD TIRE Market Demand Revenue, By India, 2018 – 2023 32
6.2. Supply Analysis by India 33
6.2.1. India OFF-THE-ROAD TIRE Market Supply Revenue, By India, 2018 – 2023 33 CHAPTER NO. 7 : PRICE ANALYSIS 34
7.1. Price Analysis by Type 34
7.1.1. India OFF-THE-ROAD TIRE Market Price, By Type, 2018 – 2023 34
7.1.2. India Type Market Price, By Type, 2018 – 2023 34 CHAPTER NO. 8 : RAW MATERIALS ANALYSIS 35
8.1. Key Raw Materials and Suppliers 35
8.2. Key Raw Materials Price Trend 35 CHAPTER NO. 9 : MANUFACTURING COST ANALYSIS 35
9.1. Manufacturing Cost Analysis 36
9.2. Manufacturing Process 36 CHAPTER NO. 10 : ANALYSIS COMPETITIVE LANDSCAPE 37
10.1. Company Market Share Analysis – 2023 37
10.1.1. India OFF-THE-ROAD TIRE Market: Company Market Share, by Revenue, 2023 37
10.1.2. India OFF-THE-ROAD TIRE Market: Company Market Share, by Revenue, 2023 38
10.1.3. India OFF-THE-ROAD TIRE Market: Top 6 Company Market Share, by Revenue, 2023 38
10.1.4. India OFF-THE-ROAD TIRE Market: Top 3 Company Market Share, by Revenue, 2023 38
10.2. India OFF-THE-ROAD TIRE Market Company Volume Market Share, 2023 40
10.3. India OFF-THE-ROAD TIRE Market Company Revenue Market Share, 2023 41
10.4. Company Assessment Metrics, 2023 42
10.4.1. Stars 42
10.4.2. Emerging Leaders 42
10.4.3. Pervasive Players 42
10.4.4. Participants 42
10.5. Start-ups /SMEs Assessment Metrics, 2023 42
10.5.1. Progressive Companies 42
10.5.2. Responsive Companies 42
10.5.3. Dynamic Companies 42
10.5.4. Starting Blocks 42
10.6. Strategic Developments 43
10.6.1. Acquisitions & Mergers 43 New Product Launch 43 India Expansion 43
10.7. Key Players Product Matrix 44 CHAPTER NO. 11 : PESTEL & ADJACENT MARKET ANALYSIS 45
11.1. PESTEL 45
11.1.1. Political Factors 45
11.1.2. Economic Factors 45
11.1.3. Social Factors 45
11.1.4. Technological Factors 45
11.1.5. Environmental Factors 45
11.1.6. Legal Factors 45
11.2. Adjacent Market Analysis 45 CHAPTER NO. 12 : OFF-THE-ROAD TIRE MARKET – BY TYPE SEGMENT ANALYSIS 46
12.1. OFF-THE-ROAD TIRE Market Overview, by Type Segment 46
12.1.1. OFF-THE-ROAD TIRE Market Revenue Share, By Type, 2023 & 2032 47
12.1.2. OFF-THE-ROAD TIRE Market Attractiveness Analysis, By Type 48
12.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 48
12.1.4. OFF-THE-ROAD TIRE Market Revenue, By Type, 2018, 2023, 2027 & 2032 49
12.2. Radial 50
12.3. Bias 51
12.4. Solid 52
12.5. Type 4 53
12.6. Type 5 54 CHAPTER NO. 13 : OFF-THE-ROAD TIRE MARKET – BY APPLICATION SEGMENT ANALYSIS 55
13.1. OFF-THE-ROAD TIRE Market Overview, by Application Segment 55
13.1.1. OFF-THE-ROAD TIRE Market Revenue Share, By Application, 2023 & 2032 56
13.1.2. OFF-THE-ROAD TIRE Market Attractiveness Analysis, By Application 57
13.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 57
13.1.4. OFF-THE-ROAD TIRE Market Revenue, By Application, 2018, 2023, 2027 & 2032 58
13.2. Construction 59
13.3. Agriculture 60
13.4. Mining 61
13.5. Industrial 62
13.6. Port 63 CHAPTER NO. 14 : OFF-THE-ROAD TIRE MARKET – BY TIER SIZE SEGMENT ANALYSIS 64
14.1. OFF-THE-ROAD TIRE Market Overview, by Tier Size Segment 64
14.1.1. OFF-THE-ROAD TIRE Market Revenue Share, By Tier Size, 2023 & 2032 65
14.1.2. OFF-THE-ROAD TIRE Market Attractiveness Analysis, By Tier Size 66
14.1.3. Incremental Revenue Growth Opportunity, by Tier Size, 2024 – 2032 66
14.1.4. OFF-THE-ROAD TIRE Market Revenue, By Tier Size, 2018, 2023, 2027 & 2032 67
14.2. Below 31 inch 68
14.3. 31 – 40 inch 69
14.4. 41- 45 inch 70
14.5. Above 45 inch 71
14.6. Tier Size 5 72 CHAPTER NO. 15 : OFF-THE-ROAD TIRE MARKET – BY MATERIAL SEGMENT ANALYSIS 73
15.1. OFF-THE-ROAD TIRE Market Overview, by Material Segment 73
15.1.1. OFF-THE-ROAD TIRE Market Revenue Share, By Material, 2023 & 2032 74
15.1.2. OFF-THE-ROAD TIRE Market Attractiveness Analysis, By Material 75
15.1.3. Incremental Revenue Growth Opportunity, by Material, 2024 – 2032 75
15.1.4. OFF-THE-ROAD TIRE Market Revenue, By Material, 2018, 2023, 2027 & 2032 76
15.2. Rubber Compound 77
15.3. Reinforcing Material 78
15.4. Others 79
15.5. Material 4 80
15.6. Material 5 81 CHAPTER NO. 16 : OFF-THE-ROAD TIRE MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 82
16.1. OFF-THE-ROAD TIRE Market Overview, by Distribution Channel Segment 82
16.1.1. OFF-THE-ROAD TIRE Market Revenue Share, By Distribution Channel, 2023 & 2032 83
16.1.2. OFF-THE-ROAD TIRE Market Attractiveness Analysis, By Distribution Channel 84
16.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 84
16.1.4. OFF-THE-ROAD TIRE Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 85
16.2. OEM 86
16.3. After Market 87
16.4. Distribution Channel 3 88
16.5. Distribution Channel 4 89
16.6. Distribution Channel 5 90 CHAPTER NO. 17 : COMPANY PROFILES 91
17.1. The Goodyear Tire & Rubber Company 91
17.1.1. Company Overview 91
17.1.2. Product Portfolio 91
17.1.3. Swot Analysis 91
17.1.4. Business Strategy 91
17.1.5. Financial Overview 92
17.2. Carlisle (Meizhou) Rubber Products Co. Ltd 93
17.3. Titan International, Inc. 93
17.4. Maxam Tire 93
17.5. Bridgestone Corporation 93
17.6. Guizhou Tire Co. Ltd. 93
17.7. Linglong Tire 93
17.8. Pirelli 93
17.9. Prinx Chengshan (Shandong) Tire Co. Ltd 93
17.10. Double Coin Holdings 93
17.11. MRF 93
17.12. CEAT 93
17.13. Company 13 93
17.14. Company 14 93 CHAPTER NO. 18 : RESEARCH METHODOLOGY 94
18.1. Research Methodology 94
18.1.1. Phase I – Secondary Research 95
18.1.2. Phase II – Data Modeling 95 Company Share Analysis Model 96 Revenue Based Modeling 96
18.1.3. Phase III – Primary Research 97
18.1.4. Research Limitations 98 Assumptions 98
List of Figures
FIG NO. 1. India OFF-THE-ROAD TIRE Market Revenue, 2018 – 2032 ((USD Million) 19
FIG NO. 2. Porter’s Five Forces Analysis for India OFF-THE-ROAD TIRE Market 26
FIG NO. 3. Value Chain Analysis for India OFF-THE-ROAD TIRE Market 27
FIG NO. 4. India OFF-THE-ROAD TIRE Market Import Revenue, By India, 2018 – 2023 29
FIG NO. 5. India OFF-THE-ROAD TIRE Market Export Revenue, By India, 2018 – 2023 30
FIG NO. 6. India OFF-THE-ROAD TIRE Market Demand Revenue, By India, 2018 – 2023 31
FIG NO. 7. India OFF-THE-ROAD TIRE Market Supply Revenue, By India, 2018 – 2023 32
FIG NO. 8. India OFF-THE-ROAD TIRE Market Price, By Type, 2018 – 2023 33
FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 34
FIG NO. 10. Manufacturing Cost Analysis 35
FIG NO. 11. Manufacturing Process 35
FIG NO. 12. Company Share Analysis, 2023 36
FIG NO. 13. Company Share Analysis, 2023 37
FIG NO. 14. Company Share Analysis, 2023 37
FIG NO. 15. Company Share Analysis, 2023 37
FIG NO. 16. OFF-THE-ROAD TIRE Market – Company Revenue Market Share, 2023 39
FIG NO. 17. OFF-THE-ROAD TIRE Market Revenue Share, By Type, 2023 & 2032 45
FIG NO. 18. Market Attractiveness Analysis, By Type 46
FIG NO. 19. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 46
FIG NO. 20. OFF-THE-ROAD TIRE Market Revenue, By Type, 2018, 2023, 2027 & 2032 47
FIG NO. 21. India OFF-THE-ROAD TIRE Market for Radial, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 48
FIG NO. 22. India OFF-THE-ROAD TIRE Market for Bias, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 49
FIG NO. 23. India OFF-THE-ROAD TIRE Market for Solid, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 50
FIG NO. 24. India OFF-THE-ROAD TIRE Market for Type 4, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 51
FIG NO. 25. India OFF-THE-ROAD TIRE Market for Type 5, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 52
FIG NO. 26. OFF-THE-ROAD TIRE Market Revenue Share, By Application, 2023 & 2032 54
FIG NO. 27. Market Attractiveness Analysis, By Application 55
FIG NO. 28. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 55
FIG NO. 29. OFF-THE-ROAD TIRE Market Revenue, By Application, 2018, 2023, 2027 & 2032 56
FIG NO. 30. India OFF-THE-ROAD TIRE Market for Construction, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 57
FIG NO. 31. India OFF-THE-ROAD TIRE Market for Agriculture, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 58
FIG NO. 32. India OFF-THE-ROAD TIRE Market for Mining, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 59
FIG NO. 33. India OFF-THE-ROAD TIRE Market for Industrial, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 60
FIG NO. 34. India OFF-THE-ROAD TIRE Market for Port, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 61
FIG NO. 35. OFF-THE-ROAD TIRE Market Revenue Share, By Tier Size, 2023 & 2032 63
FIG NO. 36. Market Attractiveness Analysis, By Tier Size 64
FIG NO. 37. Incremental Revenue Growth Opportunity by Tier Size, 2024 – 2032 64
FIG NO. 38. OFF-THE-ROAD TIRE Market Revenue, By Tier Size, 2018, 2023, 2027 & 2032 65
FIG NO. 39. India OFF-THE-ROAD TIRE Market for Below 31 inch , Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 66
FIG NO. 40. India OFF-THE-ROAD TIRE Market for 31 – 40 inch, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 67
FIG NO. 41. India OFF-THE-ROAD TIRE Market for 41- 45 inch, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 68
FIG NO. 42. India OFF-THE-ROAD TIRE Market for Above 45 inch, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 69
FIG NO. 43. India OFF-THE-ROAD TIRE Market for Tier Size 5, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 70
FIG NO. 44. OFF-THE-ROAD TIRE Market Revenue Share, By Material, 2023 & 2032 72
FIG NO. 45. Market Attractiveness Analysis, By Material 73
FIG NO. 46. Incremental Revenue Growth Opportunity by Material, 2024 – 2032 73
FIG NO. 47. OFF-THE-ROAD TIRE Market Revenue, By Material, 2018, 2023, 2027 & 2032 74
FIG NO. 48. India OFF-THE-ROAD TIRE Market for Rubber Compound, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 75
FIG NO. 49. India OFF-THE-ROAD TIRE Market for Reinforcing Material, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 76
FIG NO. 50. India OFF-THE-ROAD TIRE Market for Others, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 77
FIG NO. 51. India OFF-THE-ROAD TIRE Market for Material 4, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 78
FIG NO. 52. India OFF-THE-ROAD TIRE Market for Material 5, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 79
FIG NO. 53. OFF-THE-ROAD TIRE Market Revenue Share, By Distribution Channel, 2023 & 2032 81
FIG NO. 54. Market Attractiveness Analysis, By Distribution Channel 82
FIG NO. 55. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 82
FIG NO. 56. OFF-THE-ROAD TIRE Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 83
FIG NO. 57. India OFF-THE-ROAD TIRE Market for OEM, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 84
FIG NO. 58. India OFF-THE-ROAD TIRE Market for After Market, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 85
FIG NO. 59. India OFF-THE-ROAD TIRE Market for Distribution Channel 3, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 86
FIG NO. 60. India OFF-THE-ROAD TIRE Market for Distribution Channel 4, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 87
FIG NO. 61. India OFF-THE-ROAD TIRE Market for Distribution Channel 5, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 88
FIG NO. 62. Research Methodology – Detailed View 92
FIG NO. 63. Research Methodology 93
List of Tables
TABLE NO. 1. : India OFF-THE-ROAD TIRE Market: Snapshot 17
TABLE NO. 2. : Drivers for the OFF-THE-ROAD TIRE Market: Impact Analysis 22
TABLE NO. 3. : Restraints for the OFF-THE-ROAD TIRE Market: Impact Analysis 24
TABLE NO. 4. : India OFF-THE-ROAD TIRE Market Revenue, By Type, 2018 – 2023 33
TABLE NO. 5. : Key Raw Materials & Suppliers 34
Frequently Asked Questions:
What is the current size of the India Off the Road Tire market?
The India Off the Road (OTR) tire market was valued at USD 524.90 million in 2023 and is expected to reach USD 928.42 million by 2032, growing at a CAGR of 6.53% during the forecast period.
What factors are driving the growth of the India Off the Road Tire market?
The market is driven by increased infrastructure development, growth in the mining sector, agricultural mechanization, and advancements in tire technology, including improved durability and performance.
What are the key segments within the India Off the Road Tire market?
Key segments include tire types (radial, bias, solid), applications (construction, agriculture, mining, industrial, port), tire sizes (below 31 inches to above 45 inches), material types (rubber compound, reinforcing material), and distribution channels (OEM and aftermarket).
What are some challenges faced by the India Off the Road Tire market?
Key challenges include high production costs, fluctuating raw material prices, limited recycling infrastructure, and reliance on imported tires for premium and specialized products.
Who are the major players in the India Off the Road Tire market?
Major players include global companies like Michelin, Bridgestone, Goodyear, and Continental, along with domestic players such as MRF and JK Tyre, which lead the market with their extensive product offerings and regional presence.
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