Southeast Asia Off the Road (OTR) Tire Market Comprehensive Analysis and Forecast 2024 to 2030

Southeast Asia Off the Road (OTR) Tire Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

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. The Southeast Asia Off the Road (OTR) Tire Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Southeast Asia Off the Road (OTR) Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Southeast Asia Off the Road (OTR) Tire Market drivers, barriers, Southeast Asia Off the Road (OTR) Tire Market Trends, and Key Players in Southeast Asia Off the Road (OTR) Tire Market.

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Southeast Asia Off the Road (OTR) Tire Market Dynamics: 2024-2030

Southeast Asia Off the Road (OTR) Tire Market Challenge:

High Competition from Retreaded OTR Tries to Impede Market Growth & Development – The increasing awareness of environmental concerns and regulations regarding tire disposal and waste among Southeast Asian countries such as Thailand, Malaysia, etc. has surged the production of retreaded tires in the region. Moreover, the presence of retreaded tire manufacturers such as Lean Wah Tyre Retreads, Indra Machinery, etc. providing a vast variety of OTR tires to consumers further boosts the growth of retreaded tires in the region. Additionally, the cost of the retreaded OTR tires is comparatively less than the original OTR tires manufactured by market players like Bridgestone & Michelin. Therefore, the end-users with financial constraints are inclined towards low-priced tires, impeding the market growth.

Further, end-users are increasingly seeking conveniently accessible options. Therefore, there is a growing preference among end users to use retreaded tires for their OTR vehicles, negatively impacting the industry's growth & development.

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Southeast Asia Off the Road (OTR) Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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)

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.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Southeast Asia Off the Road (OTR) Tire Market:

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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