OTR or Off-The-road tire is built to handle the extreme weight and roll through the condition. OTR tire commonly consists of deep and thick thread. The OTR tire is a combination of products that are manufactured from rubber, steel, and other synthetic or textile reinforcements. These tires are widely used in construction and mining to take the massive load on unpaved conditions such as dirt, mud, sand, or gravel. Two types of OTR tires are available in the market; Bias and radical tires.

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The major factors that are fueling the growth of the Middle East and Africa (MEA) OTR Tire market are increasing construction, mining, and industrial sector, especially in Saudi Arabia, U.A.E., Qatar, and Turkey. In addition, growing infrastructural development in this region to diversify the economy coupled with rising government spending on non-oil sectors increases the demand of the OTR tire in the MEA region during the forecast period. However, lack of construction projects in the MEA region, except the UAE, Saudi Arabia, and Qatar, are restraining the market growth of the OTR tire in the Middle East and Africa.

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By tire types, the radical tire is anticipated to lead the Middle East, and Africa OTR Tire market growth due to it provides more flexibility, performance, and durability as compared to bias tire. Radical tire meets the demand of growing preference for a smoother ride and increased traction in the rough unpaved surface, which further increases the growth of radical tire in the Middle East and Africa market. In addition, it attributed majorly to its comparative operational cost advantages as it improves the equipment’s fuel efficiency.

In terms of application, construction segment is expected to hold largest market share in Middle East and Africa OTR Tire market due to presence of countries like UAE, Saudi Arabia, South Africa where, a large number of construction project are going on which increase the demand of heavy vehicle, which further increase the demand of OTR tire in MEA region. In addition, OTR tire offers flexibility, smoother ride and provide control in high speed in construction sites which increases the efficiency and productivity, which also increase the demand of OTR tire for construction application.

Based on countries, UAE, and Saudi Arabia is expected to lead the market in term of share due to increasing government initiative in development of smart cities such as Smart Dubai and Saudi Arabia NEOM which increases the demand for OTR tire in heavy vehicle such as crane, dump truck, and loader to handle heavyweight in rough surface.

Various notable players in the OTR tire market include Bridgestone Middle East & Africa FZE, Promoteon Tire Group S.R.L, Triangle Tire Co. Ltd., Petlas Lastik San. Tic. Inc, MRF Limited, The Goodyear Tire & Rubber Co., Balkrishna Industries Limited, Yokohama Rubber Company, JK Tires and Industries, Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) and among others.

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Key Developments :

• • In Apr 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation in EMEA, announced acquisition of TomTom Telematics, a digital fleet solution provider company in Europe. The Bridgestone acquired TomTom Telematics for USD 910 million. This acquisition will help to build fleet operation more effectivity and efficiently and also strengthen the footprint of the company in a mobility solution.
  • In Nov 2018, Prometeon Tyre Group, a manufacturer of Pirelli-branded truck, bus, agro, and OTR tires, announced to invest USD 115 million in their İzmit, Turkey located factory to implement advanced technology and to enhance production capacity.

The Middle East & Africa OTR Tyre market has been segmented based on tire type, vehicle type, application, and Countries. Based on the tire type market is categorized into radical and bias. Based on the vehicle type market is segmented into the loader, dump truck, excavator, grader, cranes, and others. Based on the sales channel, the market is segmented into mining, construction, industrial, and others.

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Key questions answered in this research report:

• • At what pace is Middle East & Africa OTR Tyre market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Middle East & Africa OTR Tyre market? What will be the impact of drivers and restraints in the future?
  • Which Tire Type generated maximum revenues in 2019 and identify the most promising Tire Type during the forecast period?
  • What are the various application areas of Middle East & Africa OTR Tyre market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Tire Type, By Vehicle Type, By Application
Regional Coverage	MEA
Companies Profiled	Bridgestone Middle East & Africa FZE, Promoteon Tire Group S.R.L, Triangle Tire Co. Ltd., Petlas Lastik San. Tic. Inc, MRF Limited, The Goodyear Tire & Rubber Co., Balkrishna Industries Limited, Yokohama Rubber Company, JK Tires and Industries, Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) and among others., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Middle East & Africa OTR Tyre Market by Tire Type

• • Radical
  • Bias

Middle East & Africa OTR Tyre Market by Vehicle Type

• • Loader
  • Dump Truck
  • Excavator
  • Grader
  • Cranes
  • Others

Middle East & Africa OTR Tyre Market by Application

• • Mining
  • Construction
  • Industrial
  • Others

Middle East & Africa OTR Tyre Market by Countries

• • UAE OTR Tyre Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia OTR Tyre Market All-Up (Option 2: Free 25% Customization)
  • South Africa OTR Tyre Market All-Up (Option 3: Free 25% Customization)
  • Egypt OTR Tyre Market All-Up (Option 4: Free 25% Customization)
  • Rest of the Middle East & Africa OTR Tyre Market All-Up (Option 5: Free 25% Customization)

Major Players Operating the Middle East & Africa OTR Tyre (Option 1: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Bridgestone Middle East & Africa FZE
  • Promoteon Tire Group S.R.L
  • Triangle Tire Co. Ltd.
  • Petlas Lastik San. Tic. Inc
  • MRF Limited
  • The Goodyear Tire & Rubber Co.
  • Balkrishna Industries Limited
  • Yokohama Rubber Company
  • JK Tires and Industries
  • Compagnie Generale des Etablissements Michelin SCA (Michelin SCA)