Explosive Growth Expected: Latin America Off-the-Road (OTR) Tire Market to Expand at 2.1% CAGR Through 2030

A comprehensive analysis report on the Latin America Off-the-Road (OTR) Tire Market has been recently released by MarkNtel Advisors, covering the forecast period from 2024 to 2030. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Latin America Off-the-Road (OTR) Tire Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Latin America Off-the-Road (OTR) Tire Market Overview:

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

Market Growth Rate: 2.1% (2024-2030)

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Latin America Off-the-Road (OTR) Tire Market Segmentation Analysis:

According to MarkNtel study the market is segmented the into the following categories:

By Type of Equipment

Earthmoving Equipment- Market Size & Forecast 2019-2030, Thousand Units
- Excavator- Market Size & Forecast 2019-2030, Thousand Units
- Grader- Market Size & Forecast 2019-2030, Thousand Units
- Loader- Market Size & Forecast 2019-2030, Thousand Units
- Bulldozer- Market Size & Forecast 2019-2030, Thousand Units
- Others (Road Roller, Dumpers, etc.) - Market Size & Forecast 2019-2030, Thousand Units
Material Handling Equipment- Market Size & Forecast 2019-2030, Thousand Units
- Crane- Market Size & Forecast 2019-2030, Thousand Units
- Forklifts- Market Size & Forecast 2019-2030, Thousand Units
Agriculture Equipment
- Tractor- Market Size & Forecast 2019-2030, Thousand Units
- Combines- Market Size & Forecast 2019-2030, Thousand Units
- Others (Harvesters, Threshers, etc.) - Market Size & Forecast 2019-2030, Thousand Units

By End User

Construction- Market Size & Forecast 2019-2030, Thousand Units
Industrial- Market Size & Forecast 2019-2030, Thousand Units
Mining- Market Size & Forecast 2019-2030, Thousand Units
Agriculture- Market Size & Forecast 2019-2030, Thousand Units
Ports- Market Size & Forecast 2019-2030, Thousand Units

Based on the end user, the agriculture end-user category dominated the market in 2024. However, the mining segment is expected to register substantial growth in the Latin America Off-the-Road Tire Market.

By Type of Tire

Radial- Market Size & Forecast 2019-2030, Thousand Units
Bias- Market Size & Forecast 2019-2030, Thousand Units

By Demand Type

OEM- Market Size & Forecast 2019-2030, Thousand Units
Aftermarket- Market Size & Forecast 2019-2030, Thousand Units

By Price Category

Budget- Market Size & Forecast 2019-2030, Thousand Units
Economy- Market Size & Forecast 2019-2030, Thousand Units
Premium- Market Size & Forecast 2019-2030, Thousand Units

By Tire Size

Tire Size-1- Market Size & Forecast 2019-2030, Thousand Units
Tire Size-2- Market Size & Forecast 2019-2030, Thousand Units
Tire Size-3- Market Size & Forecast 2019-2030, Thousand Units
Tire Size-4- Market Size & Forecast 2019-2030, Thousand Units
Tire Size-5- Market Size & Forecast 2019-2030, Thousand Units

By Sales Channel

Direct Sales- Market Size & Forecast 2019-2030, Thousand Units
Online- Market Size & Forecast 2019-2030, Thousand Units
Multi Brand Stores- Market Size & Forecast 2019-2030, Thousand Units
Exclusive Outlets- Market Size & Forecast 2019-2030, Thousand Units

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By Country

Mexico
Brazil
Argentina
Chile
Peru
Ecuador
Colombia
Guatemala
Dominican Republic
Costa Rica
Honduras
Others

Of all, Brazil is likely to secure the highest market share in the forecast period because of the presence of huge mining, construction, and agriculture sectors.

Latin America Off-the-Road (OTR) Tire Market Competitive Landscape:

This section competitive landscape covers the top companies’ participants in the Latin America Off-the-Road (OTR) Tire industry, and their business description, product portfolio, strategic alliances or partnerships, recent developments, financial details analysis from 2024-2030.

Leading Market Player Are:

Pirelli & C. S.p.A.
Goodyear Tire and Rubber Company
Bridgestone Corporation
Continental AG
Michelin Tyres
Triangle Group
Titan International
Toyo Tire Corporation
Yokohama TWS
BKT Tires
Others

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Key Report Highlights

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.