Off-the-road vehicle tires refer to large tires that are capable of driving on and off paved surfaces such as tractors, forklifts, cranes, bulldozers and golf carts. It supports high-quality grip on surfaces like mud, sand, gravel or loose dirt. These tires are equipped with flexible suspension, deep and open treads that support the vehicle movement in high terrains.

Brazil off the Road (OTR) Vehicle Tire Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Brazil off the Road (OTR) Vehicle Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Segmentation

After Market Segment Registered the Fastest Growth

Based on Demand Type, the After Market segment captured the significant market share in the Brazil off-the-road (OTR) vehicle tire market. It is expected to grow at a faster rate in the near future as compared to the OEM tire segment due to increasing investment by giant companies such as construction equipment heavyweight JCB in the Brazilian production facility and the constant need for replacing the OTR tires periodically. Besides this, the burgeoning establishment of retail channels by tire manufacturers to enhance the buying experience with improved reliability and safety and growth in the mining and construction sector are strongly contributing towards the growth of Brazil off-the-road (OTR) vehicle tire market in the near future as stated by the MarkNtel Advisors’ research report “Brazil Off-the-road (OTR) Vehicle Tire Market Analysis, 2021”.

Market Opportunities

According to MarkNtel Advisors’ research report “Brazil Off-the-road (OTR) Vehicle tire Market Analysis, 2021”, the Brazil Off-the-road (OTR) Vehicle Tire market is anticipated to grow at a CAGR of 3% during 2021-26. The growth of the market is attributed to the booming populace propelling the growth of commercial farming sectors and significantly rising demand for tractors and agriculture equipment vehicles. Moreover, snowballing investment in the construction sector is increasing the demand for large numbers of construction vehicles which in turn is anticipated the growth of the OTR market. Besides this, the rise in the price of rubber and the gap between demand & supply are the challenges leading to restraining the growth of the market.

Impact of COVID-19

The Brazil OTR tire market witnessed a significant fall in revenue growth on account of temporarily shutdown of manufacturing facilities, a decrease in the demand for mining minerals and halts on various ongoing construction project due to the implementation of unprecedented measures to curb the spread of the virus. However, the strong growth in the mining industries in Q3 2020 and resumption of various construction activity is expected to promulgate the market growth in the near future.

Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Brazil Off the Road (OTR) Tire market include Yokohama Rubber Co., Goodyear Tire and Rubber Company, Bridgestone Corporation, Continental, Michelin Tyres, Cooper Tire & Rubber Company, Triangle Group, Toyo, Titan, Pirelli, Trelleborg, Kumho Tire etc.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Brazil Off the Road (OTR) Tire Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Brazil Off the Road (OTR) Tire Market?
4. Who are the key competitors or market players and how they perform in Brazil Off the Road (OTR) Tire Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Brazil Off the Road (OTR) Tire Market study?

Market Outlook, Segmentation and Statistics:
1) Impact of COVID-19 on Brazil Off the Road (OTR) Tire Market
2) Brazil Off the Road (OTR) Vehicle Market Overview
a) Leading Manufacturers and their Annual Production
b) Market Brief
3) Market Size & Analysis
a) By Revenues
b) Unit Sold
4) Market Share & Analysis
a) By Type of Vehicle
i) Earthmoving & Construction Equipment
(1) Excavator
(2) Grader
(3) Loader
(4) Bulldozer
(5) Road roller
ii) Material Handling Equipment
(1) Crane
(2) Forklifts
iii) Agricultural Equipment
(1) Tractor
(2) Combines
(3) Others
b) By End-Users
i) Construction
ii) Industrial
iii) Mining
iv) Agriculture
v) Ports
c) By Type of Tire
i) Radial
ii) Bias
d) By Demand Type
i) OEMs
ii) Aftermarket
e) By Price Category
i) Budget
ii) Premium
iii) Economy
f) By Rim Size
i) Up to 20”
ii) 20.1" to 26"
iii) 26.1" to 35"
iv) 35.1" to 47"
v) Above 47"
g) By Region
i) Northeast
ii) South
iii) Southeast
iv) Centre-West
5) Brazil Off the Road (OTR) Vehicle Tire Market Policy & Regulations
a) Import Tariff
b) Anti- Dumping Duties
c) Rubber or Carbon Norms
6) Brazil Off the Road (OTR) Vehicle Tire Market Import Export Statistics
7) Brazil Off the Road (OTR) Vehicle Tire Market Hotspot & Opportunities
8) By Company
a) Revenue Shares
b) Strategic Factorial Indexing
c) Competitor Placement in MarkNtel Quadrant
9) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles

Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Brazil Off the Road (OTR) Tire Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion.
Q. What would be the growth rate or CAGR of Brazil Off the Road (OTR) Tire Market during 2021-26?
A. the Brazil off the Road (OTR) Tire Market during 2021-26 is forecast grow at a CAGR of 3%.
Q. Who are the key competitors or players operating in Brazil Off the Road (OTR) Tire Market?
A. Yokohama Rubber Co., Goodyear Tire and Rubber Company, Bridgestone Corporation, Continental, Michelin Tyres, Cooper Tire & Rubber Company, Triangle Group, Titan, Pirelli, Toyo, Trelleborg, Kumho Tire etc., are few of the leading players in the Brazil Off the Road (OTR) Tire Market.
Q. Which type of vehicle segment would emerge as an opportunity area for players in Brazil Off the Road (OTR) Tire Market?
A. Earthmoving & Construction Equipment segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which demand type would emerge as an opportunity area for players in Brazil Off the Road (OTR) Tire Market?
A. Aftermarket continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Brazil Off the Road (OTR) Tire Market.