The Southeast Asia Off the Road (OTR) Tire Market size is estimated to grow at a CAGR of around 4.3% during the forecast period, i.e., 2024-30.
Southeast Asia Off the Road (OTR) Tire Market Driver:
Surging Residential & Public Infrastructure Projects to Boost OTR Tire Demand – Southeast Asian nations are experiencing population growth due to the arrival of expatriates in the country. This is resulting in the housing crisis within the region & uplifting the demand for the accommodation facilities. Therefore, the governments of these countries are primarily focusing on building residential complexes & apartment units. These construction activities elevate the demand for OTR vehicles & tires, driving the market growth. Additionally, to improve the quality of living for the inhabitants, the government is increasingly putting efforts such as Thailand 4.0 and the One-Road Initiative, which prioritize infrastructure development, have resulted in a surge in construction projects across the region. For instance,
- In 2023, the Indonesian government planned about 49 projects, including 33 PPP and 16 non-PPP projects, for residential and commercial infrastructure development in the country.
With increased construction and infrastructure development activities, the need for construction vehicles such as road rollers, bulldozers, and other machinery that runs on OTR tires is surging significantly. Owing to the tough and rough terrain on these construction sites, the OTR tires suffer frequent wear and tear and exterior damage, necessitating tire changes. As a result, with the increase in construction, demand for OTR tire replacements increases, consequently boosting the size & volume of the Southeast Asia OTR Tire Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Southeast Asia Off the Road (OTR) Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type of Equipment
- Earthmoving Equipment – Market Size & Forecast, 2019-2030 (Thousands)
- Excavator– Market Size & Forecast, 2019-2030 (Thousands)
- Grader– Market Size & Forecast, 2019-2030 (Thousands)
- Loader– Market Size & Forecast, 2019-2030 (Thousands)
- Bulldozer– Market Size & Forecast, 2019-2030 (Thousands)
- Road Roller– Market Size & Forecast, 2019-2030 (Thousands)
- Material Handling Equipment– Market Size & Forecast, 2019-2030 (Thousands)
- Forklifts– Market Size & Forecast, 2019-2030 (Thousands)
- Agriculture Equipment
- Tractor– Market Size & Forecast, 2019-2030 (Thousands)
- Combines– Market Size & Forecast, 2019-2030 (Thousands)
- Others (Harvester, etc.) – Market Size & Forecast, 2019-2030 (Thousands)
- Earthmoving Equipment – Market Size & Forecast, 2019-2030 (Thousands)
- By Type of Tire
- Radial– Market Size & Forecast, 2019-2030 (Thousands)
- Bias– Market Size & Forecast, 2019-2030 (Thousands)
- By Demand Type
- OEMs– Market Size & Forecast, 2019-2030 (Thousands)
- Aftermarket– Market Size & Forecast, 2019-2030 (Thousands)
- By Price Category
- Budget– Market Size & Forecast, 2019-2030 (Thousands)
- Premium– Market Size & Forecast, 2019-2030 (Thousands)
- Economy– Market Size & Forecast, 2019-2030 (Thousands)
- By Tire Size
- Tire Size 1– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 2– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 3– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 4– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 5– Market Size & Forecast, 2019-2030 (Thousands)
- By End Users
- Construction– Market Size & Forecast, 2019-2030 (Thousands)
- Industrial– Market Size & Forecast, 2019-2030 (Thousands)
- Mining– Market Size & Forecast, 2019-2030 (Thousands)
- Agriculture– Market Size & Forecast, 2019-2030 (Thousands)
- Ports– Market Size & Forecast, 2019-2030 (Thousands)
- By Sales Channel
- Direct Sales– Market Size & Forecast, 2019-2030 (Thousands)
- Online– Market Size & Forecast, 2019-2030 (Thousands)
- Multi Brand Stores – Market Size & Forecast, 2019-2030 (Thousands)
- Exclusive Outlets– Market Size & Forecast, 2019-2030 (Thousands)
- By Country
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Rest of Southeast Asia
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Pirelli Tyre S.p.A., Goodyear Southeast Asia Pvt. Ltd., Bridgestone Tire Co., Ltd., Continental AG, Titan International Inc., The Yokohama Rubber Co., Ltd., Trelleborg Thailand Company Limited, Triangle Group, Balkrishna Industries Limited (BKT), MRF tires, and others
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