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Off-road Tires Market Share

  • Report ID: GMI4367
  • Published Date: Oct 2021
  • Report Format: PDF
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Off-road Tires Market Share

Prominent participants of the off-road tires industry include :

  • Yokohama Tire Corp
  • Nokian Heavy Tyres Ltd
  • Bridgestone Corporation
  • JK Tyre & Industries Ltd
  • Nortec

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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of off-road tires accounted for USD 420.5 billion in 2020 and will exhibit a CAGR of 7.5% between 2021 and 2027, says this GMI report.

The synthetic rubber products held around 30% of the revenue share in 2020 and will grow with the extensive usage of BR and SBR in agricultural and mining vehicles.

The above 45-inch off-road tires segment is set to record more than USD 445 billion up to 2027 driven by the surging product requirement in agricultural and OTR vehicles.

The Asia Pacific market accounts for more than 50% share in 2020 and will expand with increasing infrastructure development projects in China, India, and Japan.

Key participants across the industry comprise JK Tyre & Industries Ltd., Nokian Heavy Tyres Ltd., Nortec, Bridgestone Corporation, Yokohama Tire Corp., and others.

Off-road Tires Market Scope

  • Off-road Tires Market Size
  • Off-road Tires Market Analysis
  • Off-road Tires Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 17
    • Tables & Figures: 342
    • Countries covered: 21
    • Pages: 230
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