Europe OTR Tire Market (2019-2025) | Size, Share, Analysis, Revenue. Forecast, Trends, Growth, industry & Outlook

Latest 2023 Developments of the Europe OTR Tire Market

The Europe OTR Tire Market is constantly expanding at a rapid pace and there are a lot of developments taking place in the sector that is enabling the market to run smoother. The use of intelligent tires in the sector is one of the key developments of the market which helps in monitoring tire pressure, tear, and temperature. The emergence of OTR tires that are eco-friendly is another latest development in the Europe OTR Tire Industry. OTR tires feature new tread designs which improve fuel efficiency and maintain high-performance levels. Additionally, there is an expansion in demand for OTR of larger-size that handles heavier loads. The sector is witnessing an expansion in demand for retreading services since players look for ways to cut costs and provide quality. Moreover, partnerships between key tire manufacturers led to joint ventures purposed at introducing new products, especially for some sectors like agriculture or mining. These developments are stimulating the Europe OTR Tire Market Growth. 

Europe OTR Tire Market  Synopsis

Developing industrial, and mining sectors are the key growth drivers of the Europe OTR tire market. The need for earthmoving equipment in the region as a result of rising construction is fueling the demand for OTR tires. Further, technological development and modernization of mining and other industrial equipment are driving the market of Europe OTR tire market.

According to 6Wresearch, Europe OTR tire market size is expected to register substantial growth during 2019-25. The growing investment by the government in development projects, as well as rising public-private partnerships, have resulted in increased demand for advanced vehicles, which in turn is driving the growth of the OTR tire market in the region. The United Kingdom is one of the key markets of OTR tires in Europe primarily due to increasing construction, and mining activities in the country.

The loaders and cranes are the key growing segment in the overall Europe OTR tire market primarily due to growing material handling activities, especially in the warehouses and construction sites. Further, based on tire types, the radial tire segment dominates the overall OTR tire market in Europe.

Some of the leading companies in Europe OTR tire market include Michelin, Continental, Yokohama, Bridgestone, Toyo, Sumitomo, Hangzhou, Triangle Tire, etc.

The Europe OTR tire market report thoroughly covers the market by product type, vehicle type, end-users, and countries including Germany, France, Italy, the U.K. and the Rest of Europe. The Europe OTR tire market outlook report provides an unbiased and detailed analysis of the ongoing Europe OTR tire market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics. Europe OTR Tire market research is based on both primary and exhaustive secondary research. The primary research surveys companies identified. OTR Tire analyzed the product offering and distribution network. Europe OTR Tire market is externally validated and analyzing historical sales data all over the market size. The OTR Tire market has secondary sources directories such as annual reports, white papers, and presentations. 

Key Highlights of The Reports

• Europe OTR Tire Market Outlook
• Europe OTR Tire Market Forecast
• Historical Data of Europe OTR Tire Market Revenues for the Period 2015-2018
• Europe OTR Tire Market Size and Europe OTR Tire Market Forecast of Revenues and Volume, Until 2025
• Historical Data of Europe OTR Tire Market Revenues and Volume, by Product Type, for the Period 2015-2018
• Market Size & Forecast of Europe OTR Tire Market Revenues and Volume, by Product Type, until 2025
• Historical Data of Europe OTR Tire Market Revenues and Volume, by Vehicle Type, for the Period 2015-2018
• Market Size & Forecast of Europe OTR Tire Market Revenues and Volume, by Vehicle Type, until 2025
• Historical Data of Europe OTR Tire Market Revenues and Volume, by End Users, for the Period 2015-2018
• Market Size & Forecast of Europe OTR Tire Market Revenues and Volume, by End Users, until 2025
• Historical Data of Germany OTR Tire Market Revenues & Volume, for the Period 2015-2018.
• Market Size & Forecast of Germany OTR Tire Market Revenues & Volume, until 2025.
• Historical Data of France OTR Tire Market Revenues & Volume, for the Period 2015-2018.
• Market Size & Forecast of France OTR Tire Market Revenues & Volume, until 2025.
• Historical Data of Italy OTR Tire Market Revenues & Volume, for the Period 2015-2018.
• Market Size & Forecast of Italy OTR Tire Market Revenues & Volume, until 2025.
• Historical Data of U.K. OTR Tire Market Revenues & Volume, for the Period 2015-2018.
• Market Size & Forecast of U.K. OTR Tire Market Revenues & Volume, until 2025.
• Historical Data of Rest of Europe OTR Tire Market Revenues & Volume, for the Period 2015-2018.
• Market Size & Forecast of Rest of Europe OTR Tire Market Revenues & Volume, until 2025.
• Market Drivers and Restraints
• Europe OTR Tire Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis 
• Europe OTR Tire Market Forecast and Opportunity Assessment
• Europe OTR Tire Market Overview on Competitive Benchmarking
• Europe OTR Tire Market Share, By Players
• Europe OTR Tire Market Share, By Regions
• Company Profiles 
• Key Strategic Recommendations

Markets Covered

The Europe OTR tire market report provides a detailed analysis of the following market segments:

By Types

• Radial Tires
• Bias Tires

By Vehicle Types

• Loaders
• Dump Truck
• Graders
• Cranes
• Dumpers
• Tractors
• Forklifts
• Others

By End Users

• Construction
• Industrial
• Mining
• Others

By Countries

• Germany
• France
• Italy
• The U.K.
• Rest of Europe

Europe OTR Tire Market: FAQs