Off-road Tires Market Size & Share 2021 to 2027
Market Size by Material (Synthetic Rubber, Natural Rubber, Fabrics & Wire, Carbon Black), Tire Height, Vehicle, by Distribution Channel (Original Equipment, Secondary/Replacement, Distributor/Dealer Equipped) & Forecast.
Report ID: GMI4367
|
Published Date: October 2021
|
Report Format: PDF
Download Free PDF
Authors:
Preeti Wadhwani, Aishvarya Ambekar
Off-road Tires Market Size
Off-road Tires Market size surpassed USD 420.5 billion in 2020 and is projected to grow at over 7.5% CAGR from 2021 to 2027. The infrastructure development projects, and the growing construction sector are the key factors driving the industry growth. Investments made by several governments, especially in the emerging economies are generating requirements for off-highway vehicles.
For instance, China is anticipated to fund about 100 countries for railways, roads, ports, power plants, and other infrastructure development projects. This mammoth initiative will not only generate broad economic growth opportunities for recipient countries but also boost their GDP by up to 3.4% according to the World Bank.
On the other hand, the COVID-19 pandemic is negatively affecting the global off-road tires market. The preventive measures adopted to curb the impact of the contagious coronavirus resulted in nationwide lockdowns, mobility restrictions, and termination of several manufacturing operations that were non-essential. However, the automotive industry observed recovery of production activities in the third quarter of 2020. In addition, healthy recovery for the off-highway vehicle sector is expected due to increasing demand post-pandemic, fueling the consumption of off-road tires.
Synthetic rubber to witness high adoption rate for tire manufacturing
Synthetic rubber is the most widely used material for off-road manufacturing, making it the major revenue-generating segment. In 2020, the synthetic rubber segment accounted for around 30% of the revenue share and is poised to observe substantial growth rate through 2027. The extensive usage of Butadiene Rubber (BR) and Styrene-butadiene Rubber (SBR) in mining and agricultural vehicles is the prominent factor contributing to the high market capturing ability. The considerable abrasion resistance along with the cost-effectiveness offered is triggering the adoption of the material.
Off-road Tires Market Analysis
The above 45-inch height tires are predicted to exceed above USD 445 billion revenue by 2027. The rising need for OTR and agricultural vehicles is the key growth influencer. Various trends, such as mechanization & automation in the farming sector, growing mining activities, and the increasing adoption of earthmoving equipment, are set to spur the segment penetration. This is also evident from the initiatives taken by product manufacturers to cater to the growing demand.
The UTV segment holds a considerable potential for the off-road tires market and is forecast to generate a demand for more than 11 million units by 2027. The functional versatility achieved by UTVs against larger machinery, such as tractors and trucks, is boosting their adoption for various farm chores. The shifting preference toward UTV vehicles owing to convenience and maneuverability for accomplishing multiple tasks will drive the market revenue. Moreover, the growing application in racing championships and adventure events will further enhance the industry development.
The Asia Pacific accounts for nearly 50% of the off-road tires market share in 2020 on account of the numerous infrastructure development attempts in the region with China holding the major share followed by India and Japan. Economic growth in China and India coupled with massive investments in the road and other infrastructure developments by China will foster the regional market demand. However, the amplifying demand from India and strategic initiatives from key players are likely to further augment the industry expansion.
Off-road Tires Market Share
Prominent participants of the off-road tires industry include :
Many players are engaged in strategic initiatives and research & development activities to incorporate off-road tires with new technologies in order to reinforce their market foothold. For instance, Galaxy, a brand of Yokohama, released new variants of off-road tires for mining vehicles in 2019. These tires consist of cut and heat resistance compounds, thus generating prospects for attracting more consumers seeking durable off-road tires.
This market research report on off-road tires includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2027 for the following segments:
Click here to Buy Section of this Report
Market, by Material
Market, by Tire Height
Market, by Vehicle
Market, by Distribution Channel
The above information is provided on a regional and country basis for the following:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →