OTR Tire Market Set for Strong Growth Through 2035
The global Off-The-Road (OTR) tire market is projected to experience strong and sustained growth through 2035, supported by rising demand from mining, construction, agriculture, and heavy industrial sectors worldwide.
Market Size & Growth Outlook
- Market value: The global OTR tire market was valued at approximately USD 4.96 billion in 2025.
- Long-term expansion: The market is forecast to reach nearly USD 9.9 billion by 2035.
- CAGR: Growth is expected at a compound annual growth rate (CAGR) of around 7.4% from 2026 to 2035.
Key Growth Drivers
- Mining activity: Increased global demand for minerals and metals is driving higher utilisation of mining equipment requiring durable OTR tyres.
- Infrastructure development: Large-scale investments in roads, ports, energy projects, and urban infrastructure are boosting construction equipment demand.
- Agricultural mechanisation: Adoption of modern farming machinery continues to raise demand for specialised agricultural OTR tyres.
Technology & Product Trends
- Radial OTR tyres: Radial tyres continue to gain market share due to better heat dissipation, fuel efficiency, and longer service life.
- Smart tyre technologies: Integration of sensors and digital monitoring systems is improving tyre performance tracking and predictive maintenance.
- Sustainability focus: Manufacturers are expanding retreading programs and increasing the use of recycled and bio-based materials.
Regional Insights
- Asia-Pacific leadership: The region remains the largest and fastest-growing OTR tire market, driven by infrastructure and mining expansion.
- Emerging markets: Strong growth is expected in the Middle East, Africa, and Latin America due to industrial development and energy projects.
Industry Outlook
As global infrastructure investment and resource extraction continue to expand, demand for high-performance OTR tyres is expected to remain strong. Innovation in materials, digital monitoring, and sustainability solutions will play a key role in shaping the OTR tyre market through 2035.