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Asia Pacific Otr Tire Market
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Asia Pacific Otr Tire Market

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Asia Pacific OTR Tire Market, By Demand (OEMs (Original Equipment Manufacturers), Replacement); By Tire Type (Radial Tire, Bias Tire); By Tire Size (24’’–30’’, 31’’–35’’, 36’’–39’’, 40’’–50’’, 51’’–55’’, 56’’–63’’); By Vehicle Type (Agriculture Vehicles, Construction and Industrial Vehicles, Mining Vehicles, Others); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: May 2024
  • Report ID: BWC24337
  • Available Format: PDF
  • Page: 400

Report Overview

A spurring demand for off the road (OTR) tires from the growing mining and agriculture sectors are expected to boost the growth of Asia Pacific OTR Tire Market during the forecast period between 2024 and 2030.

Asia Pacific OTR Tire Market - Industry Trends & Forecast Report, 2030

The Asia Pacific OTR Tire Market size was estimated to be worth USD 86.4 billion in 2023. During the forecast period between 2024 and 2030, the Asia Pacific OTR Tire Market size is projected to grow at a CAGR of 8.04%, reaching a value of USD 98.1 billion by 2030.

Asia Pacific OTR Tire Market

By volume, the Asia Pacific OTR Tire Market size was estimated at 0.8 million units in 2023. During the forecast period between 2024 and 2030, the Asia Pacific OTR Tire Market size is expected to expand at a CAGR of 8.21% reaching a volume of 1.1 million units by 2030.

Asia Pacific OTR Tire Market Size

Major growth factors for the Asia Pacific OTR Tire Market include expanding demand for heavy machinery across various sectors, including construction, mining, and agriculture. Several Asia Pacific countries, including India and China, are investing heavily in the construction industry for infrastructural development, fueling the demand for heavy machinery. Furthermore, advancements in tire technology are anticipated to provide lucrative growth opportunities to the Asia Pacific OTR tire market during the forecast period.

OTR Tire – Overview

OTR tires are off-road tires used to provide more traction on unpaved surfaces, such as loose dirt, mud, sand, or gravel. These tires, which are typically radial with thick, deep treads, are intended for use in both on- and off-road vehicles. OTR tires that can perform in harsh conditions without sacrificing safety, quality, or performance are required for heavy-duty equipment and vehicles. OTR tires have been used in a wide range of industrial applications, including aircraft tow vehicles, articulated dump trucks, container handlers, and others.

Asia Pacific OTR Tire Market

Growth Drivers

Expansion in Manufacturing and Launches of OTR Tires

The expanding activities in the major end-user industries of OTR tires are fueling its market demand, which is prompting the tire manufacturers to expand their manufacturing operations and roll out new ranges of OTR tires. For instance, JK Tyre, a leading tire manufacturer based in India recently unveiled an off-the-road tire range that consists of 11 tires for different vehicles and machinery. In another instance, Yokohama Rubber Company, a tire and rim manufacturing company based in Japan, launched a new range of OTR tires under its Geolander series called the Geolander X-AT and Geolander M/T G003.

Challenges

Fluctuating Raw Material Prices

Several limitations in the off-road (OTR) tire industry are expected to restrict its future expansion in the Asia Pacific region. For instance, varying raw material costs, a growing mismatch between supply and demand for OTR tires, severe weather, and customization might all impede market growth during the forecast period. Furthermore, Off the road tires' surface might deteriorate more quickly due to the weaker material utilized. The tire's outer layer will physically deteriorate due to the heat and friction produced by contact with the road. Thus, the warranty on the majority of OTR tires is just 40,000 miles.

Impact of Escalating Geopolitical Tensions on Asia Pacific OTR Tire Market

The geopolitical tensions hinder the growth of the Asia Pacific OTR tire market. Conflicts, such as in Russia-Ukraine or Israel’s genocide of Palestine in the Middle East, result in significant spikes in the shipping costs of tires as well as impacts on the availability of vessels. The surge in shipping costs compels OTR tire manufacturers to regulate their final product prices accordingly to manage the inflation caused by geopolitical tensions.

Asia Pacific OTR Tire Market

Segmental Coverage

Asia Pacific OTR Tire Market – By Demand

Based on demand, the Asia Pacific OTR Tire Market is segmented into OEMs (original equipment manufacturers) and replacement. The OEMs (original equipment manufacturers) segment holds the largest share of the Asia Pacific OTR tire market. The expanding vehicle manufacturing and presence of leading OTR tire manufacturers in the region. However, the replacement segment also covers a substantial market share owing to the high rate of periodical maintenance and repair of heavy machinery, which requires the replacement of worn-out tires, fueling the growth of the OEM segment.

Asia Pacific OTR Tire Market – By Tire Type

Based on tire type, the Asia Pacific OTR Tire Market is segmented into radial tires and bias tires. The radial tire segment accounts for a higher market share. Radials feature better-cut resistance in the tread area, higher levels of buoyancy and traction, and less gasoline than bias tires. They operate much cooler as well. They frequently offer a more comfortable ride and longer tread life. Radial tires are better suited for high-speed driving and have a higher puncture resistance, which drives its market growth.

Asia Pacific OTR Tire Market Share

Asia Pacific OTR Tire Market – By Tire Size

Based on tire size, the Asia Pacific OTR Tire Market is segmented into 24’’–30’’, 31’’–35’’, 36’’–39’’, 40’’–50’’, 51’’–55’’, and 56’’–63’’. The 24’’–30’’ tire size segment holds the largest share in the Asia Pacific OTR tire market owing to its prominent usage across various industries, including mining and construction.

Asia Pacific OTR Tire Market – By Country

The in-depth research report on the Asia Pacific OTR Tire Market covers a number of country-specific markets, including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and the rest of APAC. China dominates the Asia Pacific OTR Tire Market owing to the high tire production in the country along with rising demand for heavy machinery. Given the lucrative market, many leading tire manufacturers, such as Sailun Tire Global, are expanding their production capacity of OTR tires in China. The expanding construction activities are also fueling the demand for OTR tires in the country, which is driving overall market growth.

Competitive Landscape

Major players operating in the Asia Pacific OTR Tire Market include Bridgestone Corporation, Michelin, Yokohama Rubber Company, Sumitomo Rubber Industries, Ltd, Balkrishna Industries Limited (BKT), MRF Limited, Continental AG, Goodyear Tire and Rubber Company, Toyo Tire Corporation, Hankook Tire & Technology Co., Ltd, Nokian Tyres plc, Ceat Limited, Apollo Tyres Ltd, JK Tyre & Industries Ltd, and Double Coin Holdings Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In November 2023 – Carlisle TyrFil, a leading tire manufacturer based in Germany, announced the expansion of its manufacturing operations in China and will manufacture OTR premium tires to boost its Asia presence.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

By Value - USD Billion

By Volume – Million Units

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC

Product/ Service Segmentation

Demand, Tire Type, Tire Size, Vehicle Type, Country

Key Players

Bridgestone Corporation, Michelin, Yokohama Rubber Company, Sumitomo Rubber Industries, Ltd., Balkrishna Industries Limited (BKT), MRF Limited, Continental AG, Goodyear Tire and Rubber Company, Toyo Tire Corporation, Hankook Tire & Technology Co., Ltd., Nokian Tyres plc, Ceat Limited, Apollo Tyres Ltd, JK Tyre & Industries Ltd, Double Coin Holdings Ltd

 

By Demand

  • OEMs (Original Equipment Manufacturers)

  • Replacement

By Tire Type

  • Radial Tire

  • Bias Tire

By Tire Size

  • 24’’–30’’

  • 31’’–35’’

  • 36’’–39’’

  • 40’’–50’’

  • 51’’–55’’

  • 56’’–63’’

By Vehicle Type

  • Agriculture Vehicles

  • Construction & Industrial Vehicles

  • Mining Vehicles

  • Others

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. APAC OTR Tire Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Infrastructure Boom
        2. Growing Mining Industry
        3. Rising Agricultural Output
      2. Restraints
        1. Price Fluctuations
        2. Stringent Environmental Regulations
        3. Skilled Labor Shortage
      3. Opportunities
        1. Rising Demand for Retreaded Tires
        2. E-commerce Growth
        3. Expansion into New Applications
      4. Challenges
        1. Intense Competition in this Region
        2. Counterfeit Products
        3. Economic Fluctuations
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. APAC OTR Tire Market: Marketing Strategies
  5. APAC OTR Tire Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
        1. OEM (Original Equipment Manufacturers)
        2. Replacement
      2. By Tire Type
        1. Radial Tire
        2. Bias Tire
      3. By Tire Size
        1. 24’’–30’’
        2. 31’’–35’’
        3. 36’’–39’’
        4. 40’’–50’’
        5. 51’’–55’’
        6. 56’’–63’’
      4. By Vehicle Type
        1. Agriculture Vehicles
        2. Construction & Industrial Vehicles
        3. Mining Vehicles
        4. Others
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of APAC
  6. China OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  7. India OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  8. Japan OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  9. South Korea OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  10. Australia & New Zealand OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  11. Indonesia OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  12. Malaysia OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  13. Singapore OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  14. Vietnam OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  15. Rest of Asia Pacific OTR Tire Market Overview
    1. Market Size & Forecast by Value, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Demand
      2. By Tire Type
      3. By Tire Size
      4. By Vehicle Type
  16. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific OTR Tire Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  17. Impact of Escalating Geopolitical Tensions on Asia-Pacific OTR Tire Market
  18. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Bridgestone Corporation
    2. Michelin
    3. Yokohama Rubber Company
    4. Sumitomo Rubber Industries, Ltd
    5. Balkrishna Industries Limited (BKT)
    6. MRF Limited
    7. Continental AG
    8. Goodyear Tire and Rubber Company
    9. Toyo Tire Corporation
    10. Hankook Tire & Technology Co., Ltd
    11. Nokian Tyres plc
    12. Ceat Limited
    13. Apollo Tyres Ltd
    14. JK Tyre & Industries Ltd
    15. Double Coin Holdings Ltd
    16. Other Prominent Players
  19. Key Strategic Recommendations
  20. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Asia Pacific Recycling Packaging Market Segmentation

Figure 2       Asia Pacific Recycling Packaging Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Asia Pacific OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 5       Asia Pacific OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 6       Asia Pacific OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 7       Asia Pacific OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 8       Asia Pacific OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 9       Asia Pacific OTR Tire Market Share, By Country, By Value, 2019−2030

Figure 10     China OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 11     China OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 12     China OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 13     China OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 14     China OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 15     India OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 16     India OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 17     India OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 18     India OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 19     India OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 20     Japan OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 21     Japan OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 22     Japan OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 23     Japan OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 24     Japan OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 25     South Korea OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 26     South Korea OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 27     South Korea OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 28     South Korea OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 29     South Korea OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 30     Australia & New Zealand OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 31     Australia & New Zealand OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 32     Australia & New Zealand OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 33     Australia & New Zealand OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 34     Australia & New Zealand OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 35     Indonesia OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 36     Indonesia OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 37     Indonesia OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 38     Indonesia OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 39     Indonesia OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 40     Malaysia OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 41     Malaysia OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 42     Malaysia OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 43     Malaysia OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 44     Malaysia OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 45     Singapore OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 46     Singapore OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 47     Singapore OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 48     Singapore OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 49     Singapore OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 50     Vietnam OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 51     Vietnam OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 52     Vietnam OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 53     Vietnam OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 54     Vietnam OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Figure 55     Rest of APAC OTR Tire Market Size, By Value (USD Billion), 2019−2030

Figure 56     Rest of APAC OTR Tire Market Share, By Demand, By Value, 2019−2030

Figure 57     Rest of APAC OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Figure 58     Rest of APAC OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Figure 59     Rest of APAC OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

 

List of Tables

 

Table 1         Asia Pacific OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 2         Asia Pacific OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 3         Asia Pacific OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 4         Asia Pacific OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 5         Asia Pacific OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 6         Asia Pacific OTR Tire Market Share, By Country, By Value, 2019−2030

Table 7         China OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 8         China OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 9         China OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 10       China OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 11       China OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 12       India OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 13       India OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 14       India OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 15       India OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 16       India OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 17       Japan OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 18       Japan OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 19       Japan OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 20       Japan OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 21       Japan OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 22       South Korea OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 23       South Korea OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 24       South Korea OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 25       South Korea OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 26       South Korea OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 27       Australia & New Zealand OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 28       Australia & New Zealand OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 29       Australia & New Zealand OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 30       Australia & New Zealand OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 31       Australia & New Zealand OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 32       Indonesia OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 33       Indonesia OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 34       Indonesia OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 35       Indonesia OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 36       Indonesia OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 37       Malaysia OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 38       Malaysia OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 39       Malaysia OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 40       Malaysia OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 41       Malaysia OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 42       Singapore OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 43       Singapore OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 44       Singapore OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 45       Singapore OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 46       Singapore OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 47       Vietnam OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 48       Vietnam OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 49       Vietnam OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 50       Vietnam OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 51       Vietnam OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 52       Rest of APAC OTR Tire Market Size, By Value (USD Billion), 2019−2030

Table 53       Rest of APAC OTR Tire Market Share, By Demand, By Value, 2019−2030

Table 54       Rest of APAC OTR Tire Market Share, By Tire Type, By Value, 2019−2030

Table 55       Rest of APAC OTR Tire Market Share, By Tire Size, By Value, 2019−2030

Table 56       Rest of APAC OTR Tire Market Share, By Vehicle Type, By Value, 2019−2030

Table 57       Bridgestone Corporation Company Overview

Table 58       Bridgestone Corporation Financial Overview

Table 59       Michelin Company Overview

Table 60       Michelin Financial Overview

Table 61       Yokohama Rubber Company: Company Overview

Table 62       Yokohama Rubber Company Financial Overview

Table 63       Sumitomo Rubber Industries, Ltd Company Overview

Table 64       Sumitomo Rubber Industries, Ltd Financial Overview

Table 65       Balkrishna Industries Limited (BKT) Company Overview

Table 66       Balkrishna Industries Limited (BKT) Financial Overview

Table 67       MRF Limited Company Overview

Table 68       MRF Limited Financial Overview

Table 69       Continental AG Company Overview

Table 70       Continental AG Financial Overview

Table 71       Goodyear Tire and Rubber Company: Company Overview

Table 72       Goodyear Tire and Rubber Company Financial Overview

Table 73       Toyo Tire Corporation Company Overview

Table 74       Toyo Tire Corporation Financial Overview

Table 75       Hankook Tire & Technology Co., Ltd Company Overview

Table 76       Hankook Tire & Technology Co., Ltd Financial Overview

Table 77       Nokian Tyres plc Company Overview

Table 78       Nokian Tyres plc Financial Overview

Table 79       Ceat Limited Company Overview

Table 80       Ceat Limited Financial Overview

Table 81       Apollo Tyres Ltd Company Overview

Table 82       Apollo Tyres Ltd Financial Overview

Table 83       JK Tyre & Industries Ltd Company Overview

Table 84       JK Tyre & Industries Ltd Financial Overview

Table 85       Double Coin Holdings Ltd Company Overview

Table 86       Double Coin Holdings Ltd Financial Overview

Table 87       Other Prominent Players Company Overview

Table 88       Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Asia Pacific OTR Tire Market size was estimated at USD 86.4 billion in 2023.
Ans: The Asia Pacific OTR Tire Market size is expected to grow at a CAGR of 8.04% during the forecast period between 2024 and 2030.
Ans: The Asia Pacific OTR Tire Market size is forecast to reach a value of USD 98.1 billion by 2030.
Ans: Major factors driving the growth of the Asia Pacific OTR Tire Market include growing mining industry and rising agricultural output.
Ans: Asia Pacific OTR Tire Market size by volume was estimated at 0.8 million units in 2023.
Ans: By volume, Asia Pacific OTR Tire Market size is expected to grow at a CAGR of 8.21% during the forecast period between 2024 and 2030.
Ans: Asia Pacific OTR Tire Market size by volume is expected to reach 1.1 million units by 2030.
Ans: Key players in the Asia Pacific OTR Tire Market include Bridgestone Corporation, Michelin, Yokohama Rubber Company, Sumitomo Rubber Industries, Ltd., Balkrishna Industries Limited (BKT), MRF Limited, Continental AG, Goodyear Tire and Rubber Company, Toyo Tire Corporation, Hankook Tire & Technology Co., Ltd, Nokian Tyres plc, Ceat Limited, Apollo Tyres Ltd, JK Tyre & Industries Ltd, and Double Coin Holdings Ltd.
Ans: The agriculture vehicle segment holds the highest market share in the Asia Pacific OTR Tire Market by vehicle type.
Ans: The radial tire segment is expected to grow at the highest CAGR in the Asia Pacific OTR Tire Market during the forecast period between 2024 and 2030.
Ans: India is expected to grow at the fastest rate in the Asia Pacific OTR Tire Market during the forecast period between 2024 and 2030.