The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Africa Off the Road (OTR) Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Africa Off the Road (OTR) Tire Industry Analytical Overview (2024-2029): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Africa Off the Road (OTR) Market is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-29. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2029.
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What is Included in Africa Off the Road (OTR) Tire Market Segmentation?
The report has segmented the market into the following categories:
By Type of Equipment
- Earth Moving Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Excavator- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Grader-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Loader-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Bulldozer-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Road Roller-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Material Handling Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Crane- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Forklifts- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Agriculture Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Tractor- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Combines- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Radial - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Bias- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
By Demand Type
- OEM- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Aftermarket- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
The Aftermarket segment has been experiencing a significant increase in demand over the past few years. The growth has been attributed to the rise in construction, mining, and agricultural activities across the country. Hence, as these activities enhanced the usage of OTR vehicles, construction contractors have started focusing on the maintenance & well-being of their vehicles.
By Application
- Construction -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
- Industrial -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
- Mining-Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
- Agriculture -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
- Ports -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
By Rim Size
- 20”-25”- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- 26”-35”- - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- 36”-48” - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Above 48”- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
By Season
- All Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Summer- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
By Price Category
- Budget- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Economy- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Premium- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
By Sales Channel
- Multi-brand & Exclusive Outlets- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Direct Sales- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
- Online- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
By Country
- South Africa
- Nigeria
- Kenya
- Algeria
- Morocco
- Rest of Africa
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Key Factor Driver Africa Off the Road (OTR) Tire Industry Growth by 2029
Mineral-rich Africa's Thriving Mining Industry to Aid in Fueling the Demand for Off the Road (OTR) Tires – Africa's vast & diverse mineral resources, including precious metals, minerals, and ores, have led to a thriving mining sector. Hence, with the booming demand for heavy vehicles from the mining industry in Africa the demand for Off the Road (OTR) tires is destined to drive.
In the pursuit of valuable resources, mining operations depend heavily on specialized equipment, such as colossal haul trucks, loaders, and excavators, equipped with OTR tires designed to withstand the harsh & challenging terrain of mining sites. Further, as the mining industry continues to expand due to the high investments by government & private companies for the exaction of miners, the demand for OTR tires is also predicted to experience a parallel surge in the years ahead.
Who are the Key Players Operating in the Africa Off the Road (OTR) Tire Industry?
The top companies of the Africa Off the Road (OTR) Tire market ruling the industry are:
- Continental
- Michelin
- Bridgestone Corporation
- The Yokohama Rubber Co., Ltd
- Sumitomo Rubber Industries, Ltd
- Toyo Tire & Rubber Company
- Triangle Tyre Co. Ltd
- CEAT Limited
- BKT
- Hangzhou Zhongce Rubber Co. Ltd.
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FAQs (Frequently Ask Questions)
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