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Spain Off-the-Road Tire Market

Spain Off-the-Road Tire Market 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, Aftermarket) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Spain Off-the-Road Tire Market Size 2023	USD 371.66 million
Spain Off-the-Road Tire Market , CAGR	2.65%
Spain Off-the-Road Tire Market Size 2032	USD 470.59 million

Market Overview:

Spain Off-the-Road Tire Market size was valued at USD 371.66 million in 2023 and is anticipated to reach USD 470.59 million by 2032, at a CAGR of 2.65% during the forecast period (2023-2032).

Key drivers fueling the demand for OTR tires in Spain include robust infrastructure development, increased mining activities, and advancements in agricultural mechanization. The Spanish government’s investments in infrastructure projects and the expansion of renewable energy initiatives are boosting the need for heavy machinery, thereby increasing the demand for durable OTR tires. Additionally, the modernization of agricultural practices and the adoption of advanced machinery are contributing to the growth of the OTR tire market. The rising focus on sustainability and the integration of eco-friendly materials in tire production are also expected to drive market growth. Furthermore, the growing construction sector, especially in urban areas, continues to push the demand for high-performance OTR tires suitable for construction machinery.

Spain’s OTR tire market exhibits regional variations influenced by the concentration of industrial activities. The northern regions, with their mining and forestry operations, have a higher demand for specialized tires suited for rugged terrains. Conversely, the southern and central parts of the country, with extensive agricultural activities, require tires tailored for agricultural machinery. These regional demands necessitate a diverse range of OTR tries to cater to the specific needs of each sector. Additionally, regions with strong infrastructure projects and transportation networks, such as Madrid and Barcelona, drive demand for construction machinery tires. The increasing adoption of OTR tires in the logistics sector across Spain is also contributing to the market’s growth, particularly in urban areas where heavy-duty vehicles are essential.

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Market Insights:

The Spain OTR tire market was valued at USD 371.66 million in 2023 and is expected to grow to USD 470.59 million by 2032, at a CAGR of 2.65%.
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%.
Key market drivers include robust infrastructure development, increasing mining activities, and advancements in agricultural mechanization, which are boosting the demand for high-performance OTR tires.
The ongoing government investment in renewable energy projects, such as wind and solar farms, is increasing the demand for OTR tires used in heavy machinery operating in challenging environments.
Regional variations are evident, with northern Spain, where mining and forestry operations dominate, showing higher demand for rugged OTR tires, while southern and central regions focus more on agricultural tires.
Advancements in sustainability and eco-friendly tire technologies, including the use of renewable materials and improved fuel efficiency, are expected to drive growth in the Spanish OTR tire market.
The rising cost of raw materials, including natural rubber and steel, and their fluctuations are expected to impact tire prices, posing challenges for manufacturers and end-users.
Limited availability of skilled labor for OTR tire installation and maintenance in rural regions is a key challenge, potentially causing operational inefficiencies and increased downtime.

Report Scope

This report segments the Spain Off the Road Tyre Market as follow

Market Drivers:

Infrastructure Development and Construction Activities

The ongoing growth in infrastructure development in Spain has a significant impact on the demand for off-the-road (OTR) tires. With various governmental initiatives aimed at improving transportation networks, urban infrastructure, and public facilities, there is an increased need for heavy construction machinery. These projects require specialized OTR tires that can withstand the challenging terrains and heavy loads typical in the construction industry. As Spain continues to invest in large-scale infrastructure projects, such as road expansions, bridges, and ports, the demand for OTR tires that can handle extreme conditions and ensure the efficiency of construction machinery is expected to rise. Furthermore, the expansion of renewable energy projects, such as wind and solar farms, has fueled the demand for OTR tires used in machinery operating in harsh environments, further boosting the market’s growth.

Growth in Mining and Heavy Equipment Usage

Mining activities in Spain, particularly in the northern regions, are another important driver for the OTR tire market. The country is known for its mineral deposits, and as mining operations expand to meet global demand for various raw materials, there is an increasing need for heavy-duty equipment capable of operating in rugged terrains. OTR tires play a critical role in ensuring the performance and reliability of mining trucks, loaders, and other heavy equipment. The demand for tires that provide superior durability, traction, and load-bearing capacity in mining operations is high, and this trend is likely to continue as mining industries increase their use of technologically advanced and efficient equipment. Additionally, Spain’s focus on improving mineral extraction techniques and expanding mining capacity contributes to sustained demand for OTR tires, as more machinery is required to transport materials from mines.

Advancements in Agricultural Mechanization

Spain’s agricultural sector, which is one of the largest in Europe, significantly contributes to the demand for OTR tires. As farming practices become more mechanized, the need for reliable and high-performance tires for agricultural machinery such as tractors, harvesters, and sprayers has grown. With the increasing adoption of precision agriculture, which utilizes advanced machinery for planting, monitoring, and harvesting crops, there is a greater emphasis on equipment that can perform optimally under varied and often challenging environmental conditions. OTR tires designed for agricultural machinery must deliver superior performance in diverse terrains, ensuring greater efficiency in farming operations. For example, manufacturers such as AGCO Corporation have introduced digital solutions like FarmerCore, aimed at improving the efficiency and digitization of farming operations, which in turn drives demand for specialized OTR tires. The rising adoption of such technologies is expected to drive the demand for specialized agricultural OTR tires, which are durable and capable of handling heavy loads while reducing operational costs.

Focus on Sustainability and Technological Advancements

Another key driver of the Spain OTR tire market is the growing emphasis on sustainability and technological advancements in tire production. The demand for eco-friendly and energy-efficient tires is on the rise, as both manufacturers and end-users seek to reduce the environmental impact of their operations. OTR tire manufacturers in Spain are investing in innovative materials and technologies to create tires that offer better fuel efficiency, longer lifespans, and reduced emissions. For instance, Greenval Technologies, in partnership with Grupo Soledad, is building a tire pyrolysis facility in Zaragoza. This facility, representing a €20 million investment, will be entirely sustainable, waste-free, and self-sufficient, generating more than 100 jobs during construction and 30 permanent jobs upon completion. As Spain moves toward sustainability in its industrial practices, including renewable energy and green construction, the market for OTR tires that align with these goals will continue to expand. The integration of smart technologies in OTR tires, such as sensors for monitoring tire pressure, wear, and performance, is also contributing to the market’s growth. These technological advancements help optimize the operation of heavy machinery, resulting in cost savings and reduced downtime, further boosting the demand for advanced OTR tires in the country.

Market Trends:

Shift Toward Radial Tires

In Spain, there is a noticeable shift from bias ply to radial tires in the off-the-road (OTR) segment. Radial tires offer enhanced durability, better heat dissipation, and improved fuel efficiency compared to their bias counterparts. For example, in the construction and mining sectors, haul trucks such as the Komatsu 930E and Caterpillar 797F rely on radial tires to handle extreme loads and rugged terrain, providing increased productivity and reduced downtime for operators. This transition is particularly evident in the construction and mining sectors, where equipment operates under demanding conditions. The adoption of radial tires aligns with the industry’s focus on performance and cost-efficiency, driving their increased usage in heavy-duty applications.

Growth in Aftermarket Demand

The aftermarket segment for OTR tires in Spain is experiencing significant growth. This trend is attributed to the extended operational hours and challenging terrains that necessitate frequent tire replacements. The aftermarket sector offers a variety of options, including new, retreaded, and budget-friendly tires, catering to the diverse needs of end-users. The availability of these alternatives provides cost-effective solutions for operators, further propelling the demand in this segment.

Increased Adoption of Eco-Friendly Tires

Environmental sustainability is becoming a significant consideration in the Spanish OTR tire market. Manufacturers are increasingly focusing on developing eco-friendly tires that utilize sustainable materials and incorporate technologies aimed at reducing carbon emissions. This shift is driven by both regulatory pressures and a growing awareness of environmental issues among consumers and businesses. For instance, Spanish tire manufacturers are responding to both regulatory requirements and consumer demand for sustainable products by launching tires that offer improved fuel efficiency and lower carbon emissions. The adoption of these green tires not only supports sustainability goals but also enhances the corporate image of companies committed to environmental responsibility.

Integration of Smart Tire Technologies

The integration of smart technologies into OTR tires is gaining momentum in Spain. These advanced tires are equipped with sensors that monitor various parameters such as tire pressure, temperature, and tread wear in real-time. The data collected is transmitted to fleet management systems, allowing for proactive maintenance and reducing the risk of unexpected tire failures. This technological advancement enhances operational efficiency, reduces downtime, and lowers overall maintenance costs, making it an attractive option for fleet operators in the OTR sector.

Market Challenges Analysis:

High Cost of OTR Tires

One of the primary restraints in the Spain OTR tire market is the high cost of these specialized tires. OTR tires are designed to withstand extreme conditions and heavy usage, which makes them significantly more expensive than standard tires. For instance, industry analysis notes that the high upfront investment required for OTR tires often leads businesses, especially small and medium-sized enterprises in agriculture and construction, to delay or stagger tire replacement cycles, which can diminish operating efficiency and potentially pose safety risks. The initial investment required for quality OTR tires can be a major barrier, particularly for small to medium-sized enterprises in sectors like agriculture and construction. These industries, which are already facing cost pressures, may hesitate to invest in high-cost tires despite the long-term benefits, such as durability and performance.

Fluctuating Raw Material Prices

The cost of raw materials used in the production of OTR tires, such as natural rubber and steel, is subject to global price fluctuations. This uncertainty in raw material costs presents a challenge for manufacturers in Spain, as it can lead to unpredictable price changes in the market. The volatility in raw material prices directly impacts the overall cost structure of OTR tires, making it difficult for manufacturers to maintain competitive pricing. Moreover, these fluctuations can strain the supply chain and lead to inconsistent pricing for end-users.

Limited Availability of Skilled Labor

The OTR tire market in Spain faces a challenge in the form of limited availability of skilled labor for maintenance and tire installation. Specialized knowledge and training are required to handle the unique demands of OTR tires, including correct installation, maintenance, and repair. With a shortage of skilled technicians and engineers in Spain, particularly in remote or rural regions, businesses may experience operational inefficiencies and increased downtime, which can negatively impact the overall performance of their machinery.

Regulatory Challenges

Stringent environmental regulations are a growing challenge for the OTR tire market. The European Union’s focus on sustainability and reducing carbon emissions means that manufacturers must comply with regulations regarding tire production, waste management, and disposal. These regulations can increase operational costs for manufacturers and pose a challenge for the market, particularly for those looking to balance compliance with cost-effectiveness.

Market Opportunities:

The Spain OTR tire market presents significant growth opportunities, driven by the ongoing expansion of infrastructure and construction activities across the country. As Spain continues to invest in major public works projects, including roads, bridges, and renewable energy facilities, there is an increasing demand for heavy machinery that requires high-performance OTR tires. This growth in the construction sector, coupled with advancements in machinery technology, creates opportunities for tire manufacturers to provide durable, efficient, and cost-effective solutions tailored to the evolving needs of the market. Companies that focus on providing specialized OTR tires for construction equipment are poised to benefit from this growing demand.

In addition, the shift toward more sustainable practices in the OTR tire market offers another promising opportunity. With increasing environmental concerns and regulatory pressures, there is a rising demand for eco-friendly and energy-efficient tires. Manufacturers that focus on producing tires made from sustainable materials, as well as those integrating smart tire technologies to improve fuel efficiency and reduce emissions, will find substantial growth potential. As businesses in sectors such as agriculture, mining, and logistics seek to enhance operational efficiency while adhering to environmental standards, the demand for advanced, green tire solutions will continue to increase. The opportunity lies in developing innovative OTR tire products that combine sustainability with high performance to meet both industry needs and regulatory requirements.

Market Segmentation Analysis:

The Spain Off the Road (OTR) tire market is segmented by type, application, tier size, material, and distribution channel, each influencing demand and growth in unique ways.

By Type Segment, the market is divided into radial, bias, and solid tires. Radial tires dominate due to their superior durability and fuel efficiency, especially in construction and mining applications. Bias tires, although less common, are still used in specific sectors requiring a more rigid construction. Solid tires are gaining popularity in industrial and port applications due to their robustness and resistance to punctures.

By Application Segment, the construction sector leads the demand for OTR tires, driven by infrastructure projects across Spain. Agriculture follows, with OTR tires essential for modernized farming machinery. Mining remains a strong contributor, particularly in northern Spain, where rugged terrain demands durable tires for mining operations. Industrial and port sectors also create substantial demand, with OTR tires being essential for heavy-duty machinery used in logistics and manufacturing.

By Tire Size Segment, the market includes sizes ranging from below 31 inches to above 45 inches. Tires in the 31-40-inch range are most commonly used in construction and agriculture, while larger tires (above 45 inches) are predominantly used in mining and industrial applications due to their load-bearing capabilities.

By Material Segment, rubber compounds are the most commonly used material, providing the right balance of durability and cost. Reinforcing materials like steel and polyester enhance tire strength, especially in large OTR tires.

By Distribution Channel Segment, the OEM segment leads in sales, as manufacturers supply original equipment for heavy machinery. The aftermarket segment also plays a significant role, offering tire replacements and services for various sectors.

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:

Spain’s off-the-road (OTR) tire market exhibits regional disparities influenced by industrial activities, infrastructure development, and agricultural practices. While precise market share figures for each region are not readily available, general trends can be observed based on industrial concentration and economic activities.

North Spain

The northern regions of Spain, including Galicia, Asturias, and the Basque Country, are characterized by a strong presence of mining and forestry industries. These sectors require specialized OTR tires for heavy machinery operating in rugged terrains. The demand for OTR tires in this region is driven by the need for durable and high-performance tires that can withstand challenging environments. Additionally, the region’s focus on industrial activities contributes to the overall demand for OTR tires.

Catalonia (Aragon & Catalonia)

Catalonia, encompassing the autonomous communities of Catalonia and Aragon, stands out as a significant contributor to the OTR tire market. The region’s robust automotive industry, particularly in Barcelona, generates substantial demand for OTR tires. The presence of major car manufacturers and a high level of industrial activity necessitate the use of specialized tires for various off-road applications. Catalonia’s economic strength and industrial base make it a key player in the OTR tire market.

Madrid, Extremadura & Castilla

The central region of Spain, comprising Madrid, Extremadura, and Castilla, is marked by a diverse industrial landscape, including agriculture, construction, and logistics. The demand for OTR tires in this region is influenced by the need for heavy machinery and agricultural equipment. The extensive agricultural activities, particularly in Castilla-La Mancha, require durable tires for tractors and harvesters. Additionally, the region’s involvement in construction projects further drives the demand for OTR tires.

Andalusia, Murcia & Valencia

The southeastern regions of Andalusia, Murcia, and Valencia are known for their agricultural activities, including the cultivation of fruits, vegetables, and flowers. The demand for OTR tires in this region is primarily driven by the need for agricultural machinery. The extensive farming operations necessitate the use of specialized tires that can handle the demands of off-road agricultural equipment. While the region’s industrial base is less pronounced compared to other areas, the agricultural sector remains a significant contributor to the OTR tire market.

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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
Magna Tyres

Competitive Analysis:

The Spain off-the-road (OTR) tire market is competitive, with both global and local players vying for market share. Leading international tire manufacturers, such as Michelin, Bridgestone, and Goodyear, dominate the market by offering a wide range of high-performance OTR tires designed for construction, mining, and agricultural applications. These brands leverage advanced technology and global distribution networks to maintain their competitive edge. Local manufacturers and distributors also play a significant role, focusing on meeting specific regional demands with cost-effective and customized solutions. Companies like Continental and Pirelli have a strong presence in Spain, offering innovative and sustainable tire solutions to cater to the evolving needs of the market, including the rise in demand for eco-friendly and high-performance tires. The competitive landscape is increasingly shaped by advancements in tire technology, sustainability trends, and the ability to adapt to regional requirements in the Spanish market.

Recent Developments:

In January 2025, Apollo Tyres announced a significant partnership to boost its brand visibility in Spain through La Liga, one of the world’s most prestigious football leagues. This agreement allows Apollo Tyres to showcase its premium Vredestein tyre brand on pitch-side LED boards at 28 La Liga matches across multiple stadiums, starting from January 19, 2025, during the Girona vs Sevilla game.
Hankook Tire launched its new Optimo sub-brand in Europe on January 22, 2025. The introduction of Optimo is a strategic effort to increase Hankook Tire’s market share across Europe, including Spain, by offering a reliable and streamlined product portfolio that covers all seasons and a wide range of customer requirements.
In February 2025, Goodyear completed the sale of its global Off-the-Road (OTR) tire business to Yokohama Rubber for $905 million. This strategic move is part of Goodyear’s transformation plan, allowing the company to streamline its portfolio and focus on core products and services. The acquisition includes assets and operations relevant to the OTR segment, which is significant for markets like Spain where off-road tires are essential for construction, mining, and agriculture.

Market Concentration & Characteristics:

The Spain off-the-road (OTR) tire market is moderately concentrated, with a mix of global and local players. Leading multinational companies such as Michelin, Bridgestone, and Goodyear dominate the market, holding significant market share due to their established brands, extensive product portfolios, and global distribution networks. These players benefit from economies of scale, technological advancements, and strong relationships with key industries like mining, construction, and agriculture. However, regional players also hold a strong position in the market by offering tailored solutions that cater to the specific needs of Spanish industries. Local manufacturers are able to compete effectively by providing cost-effective and customized tires, as well as focusing on niche segments such as agricultural equipment or specialized machinery for construction and mining. Overall, the market is characterized by a mix of high product differentiation, technological innovation, and increasing demand for sustainability, with companies focusing on offering durable, performance-driven, and environmentally friendly tire solutions.

Report Coverage:

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 Spain OTR tire market is expected to grow steadily, driven by increasing infrastructure development and large-scale construction projects.
Agricultural mechanization will continue to boost demand for specialized tires for tractors, harvesters, and other farm machinery.
Advancements in tire technology, such as smart tires with real-time monitoring capabilities, will enhance operational efficiency and reduce downtime.
The shift toward radial tires will persist, offering better durability and fuel efficiency for heavy machinery.
Sustainability will play a key role, with manufacturers focusing on eco-friendly materials and energy-efficient tire solutions.
The growth of renewable energy projects, such as wind and solar farms, will drive demand for durable OTR tires in harsh environments.
Increased adoption of retreaded tires will contribute to cost-effective solutions in the aftermarket segment.
The rise in mining activities, particularly in northern Spain, will sustain the demand for heavy-duty OTR tires.
Competitive pressures will lead to innovations in tire designs to improve performance and reduce environmental impact.
Regional variations in demand will continue to influence market strategies, with specific focus on agriculture-heavy areas like Castilla-La Mancha.

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. Spain 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 Spain 30

5.1.1. Spain OFF-THE-ROAD TIRE Market Import Revenue, By Spain, 2018 – 2023 30

5.2. Export Analysis by Spain 31

5.2.1. Spain OFF-THE-ROAD TIRE Market Export Revenue, By Spain, 2018 – 2023 31

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 32

6.1. Demand Analysis by Spain 32

6.1.1. Spain OFF-THE-ROAD TIRE Market Demand Revenue, By Spain, 2018 – 2023 32

6.2. Supply Analysis by Spain 33

6.2.1. Spain OFF-THE-ROAD TIRE Market Supply Revenue, By Spain, 2018 – 2023 33

CHAPTER NO. 7 : PRICE ANALYSIS 34

7.1. Price Analysis by Type 34

7.1.1. Spain OFF-THE-ROAD TIRE Market Price, By Type, 2018 – 2023 34

7.1.2. Spain 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. Spain OFF-THE-ROAD TIRE Market: Company Market Share, by Revenue, 2023 37

10.1.2. Spain OFF-THE-ROAD TIRE Market: Company Market Share, by Revenue, 2023 38

10.1.3. Spain OFF-THE-ROAD TIRE Market: Top 6 Company Market Share, by Revenue, 2023 38

10.1.4. Spain OFF-THE-ROAD TIRE Market: Top 3 Company Market Share, by Revenue, 2023 38

10.2. Spain OFF-THE-ROAD TIRE Market Company Volume Market Share, 2023 40

10.3. Spain 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

Spain 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. Magna Tyres 93

17.12. Company 12 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. Spain OFF-THE-ROAD TIRE Market Revenue, 2018 – 2032 ((USD Million) 19

FIG NO. 2. Porter’s Five Forces Analysis for Spain OFF-THE-ROAD TIRE Market 26

FIG NO. 3. Value Chain Analysis for Spain OFF-THE-ROAD TIRE Market 27

FIG NO. 4. Spain OFF-THE-ROAD TIRE Market Import Revenue, By Spain, 2018 – 2023 29

FIG NO. 5. Spain OFF-THE-ROAD TIRE Market Export Revenue, By Spain, 2018 – 2023 30

FIG NO. 6. Spain OFF-THE-ROAD TIRE Market Demand Revenue, By Spain, 2018 – 2023 31

FIG NO. 7. Spain OFF-THE-ROAD TIRE Market Supply Revenue, By Spain, 2018 – 2023 32

FIG NO. 8. Spain 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. Spain OFF-THE-ROAD TIRE Market for Radial, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 48

FIG NO. 22. Spain OFF-THE-ROAD TIRE Market for Bias, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 49

FIG NO. 23. Spain OFF-THE-ROAD TIRE Market for Solid, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 50

FIG NO. 24. Spain OFF-THE-ROAD TIRE Market for Type 4, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 51

FIG NO. 25. Spain 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. Spain OFF-THE-ROAD TIRE Market for Construction, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 57

FIG NO. 31. Spain OFF-THE-ROAD TIRE Market for Agriculture, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 58

FIG NO. 32. Spain OFF-THE-ROAD TIRE Market for Mining, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 59

FIG NO. 33. Spain OFF-THE-ROAD TIRE Market for Industrial, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 60

FIG NO. 34. Spain 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. Spain OFF-THE-ROAD TIRE Market for Below 31 inch , Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 66

FIG NO. 40. Spain OFF-THE-ROAD TIRE Market for 31 – 40 inch, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 67

FIG NO. 41. Spain OFF-THE-ROAD TIRE Market for 41- 45 inch, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 68

FIG NO. 42. Spain OFF-THE-ROAD TIRE Market for Above 45 inch, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 69

FIG NO. 43. Spain 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. Spain OFF-THE-ROAD TIRE Market for Rubber Compound, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 75

FIG NO. 49. Spain OFF-THE-ROAD TIRE Market for Reinforcing Material, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 76

FIG NO. 50. Spain OFF-THE-ROAD TIRE Market for Others, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 77

FIG NO. 51. Spain OFF-THE-ROAD TIRE Market for Material 4, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 78

FIG NO. 52. Spain 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. Spain OFF-THE-ROAD TIRE Market for OEM, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 84

FIG NO. 58. Spain OFF-THE-ROAD TIRE Market for After Market, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 85

FIG NO. 59. Spain OFF-THE-ROAD TIRE Market for Distribution Channel 3, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 86

FIG NO. 60. Spain OFF-THE-ROAD TIRE Market for Distribution Channel 4, Volume (Kilo Tons) & Revenue (USD Million) 2018 – 2032 87

FIG NO. 61. Spain 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. : Spain 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. : Spain 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 Spain Off the Road tire market?

The Spain Off the Road (OTR) tire market was valued at USD 371.66 million in 2023 and is projected to reach USD 470.59 million by 2032, growing at a CAGR of 2.65% during the forecast period (2023-2032).

What factors are driving the growth of the Spain Off the Road tire market?

Key drivers include robust infrastructure development, increased mining activities, advancements in agricultural mechanization, and the Spanish government’s investment in infrastructure and renewable energy initiatives.

What are some challenges faced by the Spain Off the Road tire market?

Challenges include the high cost of OTR tires, fluctuating raw material prices, limited availability of skilled labor, and regulatory pressures related to environmental sustainability.

Who are the major players in the Spain Off the Road tire market?

Major global players include Michelin, Bridgestone, Goodyear, Continental, and Pirelli, which dominate the market with their wide range of durable and high-performance tire solutions.

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