NEWSLETTER

OTR Market Outlook: Projected Growth Over Next Decade


Off-the-Road (OTR) tyres stacked at a mining site with construction equipment in the background

OTR Market Outlook: Projected Growth Over Next Decade

The Off-the-Road (OTR) tyre market is expected to expand steadily over the next decade, driven by renewed infrastructure spending, a resurgence in mining capex, and continued mechanisation in agriculture and construction. Different industry trackers report somewhat different totals and growth rates (see references), but all point to solid mid-single digit annual growth globally.

Drivers of OTR Tyre Demand

Key factors fueling this growth include:

  • Infrastructure development: Large road, rail and urban projects—especially across Asia and Africa—are increasing demand for heavy equipment and replacement tyres.
  • Mining resurgence: Higher commodity investment and new mining projects are increasing demand for large-format tyres.
  • Technological advancements: Smart-tyre sensors, improved compounds, and designs that extend life and fuel efficiency are raising replacement value and adoption of premium OTR products.

Regional Trends

  • Asia-Pacific: Remains the largest growth market (China, India and Southeast Asia lead demand).
  • Middle East & Africa: Strong project activity (mining/infrastructure) supports rapid growth.
  • North America & Europe: Growth is more replacement-led and focused on premium/high-performance OTR lines.

What This Means for Manufacturers

Tyre makers are prioritising capacity expansion, R&D for durable compounds, and sustainability initiatives. Expect more production investments in Asia and targeted premium product launches that focus on lifecycle cost and telematics integration.

Reference

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