G l o b a l O T R Ti r e M a r k e t , Competition, Forecast & Opportunities,
2015-2025
Published: January 2020
Market Intelligence . Consulting
Ta b l e o f C o n t e n t s S No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Analyst View
4.
Voice of Customer 4.1.
Factors Influencing Purchase Decision
4.2.
Influencer of Purchase
4.3.
Brand Recall
4.4.
Brand Switching
4.5.
Brand Satisfaction Level
5.
Global OTR Tire Production Overview
6.
Global OTR Tire Market Outlook 6.1.
Market Size & Forecast 6.1.1.
6.2.
7.
Page No.
By Value & Volume
Market Share & Forecast 6.2.1.
By Vehicle Type (Mining, Construction & Industrial Equipment, Agriculture Vehicles and Others)
6.2.2.
By Demand Category (OEM Vs. Replacement)
6.2.3.
By Company
6.2.4.
By Region
Asia-Pacific OTR Tire Market Outlook 7.1.
Market Size & Forecast 7.1.1.
By Value & Volume
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Contents 7.2.
Page No.
Market Share & Forecast 7.2.1.
By Vehicle Type
7.2.2.
By Country
7.3.
Market Attractiveness Index (By Vehicle Type)
7.4.
Market Attractiveness Index (By Country)
7.5.
Prominent Tire Sizes (By Country)
7.6.
Asia-Pacific: Country Analysis 7.6.1.
China OTR Tire Market Outlook
7.6.1.1.
Market Size & Forecast 7.6.1.1.1.
7.6.1.2.
Market Share & Forecast 7.6.1.2.1.
7.6.2.
By Vehicle Type
7.6.1.3.
Market Attractiveness Index (Vehicle Type)
7.6.1.4.
Import Tariff
India OTR Tire Market Outlook 7.6.2.1.
Market Size & Forecast 7.6.2.1.1.
7.6.2.2.
By Value & Volume
Market Share & Forecast 7.6.2.2.1.
7.6.3.
By Value & Volume
By Vehicle Type
7.6.2.3.
Market Attractiveness Index (Vehicle Type)
7.6.2.4.
Import Tariff
Japan OTR Tire Market Outlook 7.6.3.1.
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Contents 7.6.3.1.1. 7.6.3.2.
Market Attractiveness Index (Vehicle Type)
7.6.3.4.
Import Tariff
South Korea OTR Tire Market Outlook Market Size & Forecast 7.6.4.1.1. 7.6.4.2.
By Value & Volume
Market Share & Forecast 7.6.4.2.1.
By Vehicle Type
7.6.4.3.
Market Attractiveness Index (Vehicle Type)
7.6.4.4.
Import Tariff
Australia OTR Tire Market Outlook 7.6.5.1.
Market Size & Forecast 7.6.5.1.1.
7.6.5.2.
By Value & Volume
Market Share & Forecast 7.6.5.2.1.
7.6.6.
By Vehicle Type
7.6.3.3.
7.6.4.1.
7.6.5.
By Value & Volume
Market Share & Forecast 7.6.3.2.1.
7.6.4.
Page No.
By Vehicle Type
7.6.5.3.
Market Attractiveness Index (Vehicle Type)
7.6.5.4.
Import Tariff
Malaysia OTR Tire Market Outlook 7.6.6.1.
Market Size & Forecast
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Contents 7.6.6.1.1. 7.6.6.2.
Market Attractiveness Index (Vehicle Type)
7.6.6.4.
Import Tariff
Indonesia OTR Tire Market Outlook Market Size & Forecast 7.6.7.1.1. 7.6.7.2.
By Value & Volume
Market Share & Forecast 7.6.7.2.1.
By Vehicle Type
7.6.7.3.
Market Attractiveness Index (Vehicle Type)
7.6.7.4.
Import Tariff
Thailand OTR Tire Market Outlook 7.6.8.1.
Market Size & Forecast 7.6.8.1.1.
7.6.8.2.
By Value & Volume
Market Share & Forecast 7.6.8.2.1.
7.6.9.
By Vehicle Type
7.6.6.3.
7.6.7.1.
7.6.8.
By Value & Volume
Market Share & Forecast 7.6.6.2.1.
7.6.7.
Page No.
By Vehicle Type
7.6.8.3.
Market Attractiveness Index (Vehicle Type)
7.6.8.4.
Import Tariff
Philippines OTR Tire Market Outlook
7.6.9.1.
Market Size & Forecast 7.6.9.1.1.
7.6.9.2.
By Value & Volume
Market Share & Forecast
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Contents 7.6.9.2.1.
8.
Page No. By Vehicle Type
7.6.9.3.
Market Attractiveness Index (Vehicle Type)
7.6.9.4.
Import Tariff
Europe & CIS OTR Tire Market Outlook 8.1.
Market Size & Forecast 8.1.1.
8.2.
By Value & Volume
Market Share & Forecast 8.2.1.
By Vehicle Type
8.2.2.
By Country
8.3.
Market Attractiveness Index (By Vehicle Type)
8.4.
Market Attractiveness Index (By Country)
8.5.
Prominent Tire Sizes (By Country)
8.6.
Europe & CIS: Country Analysis 8.6.1.
Turkey OTR Tire Market Outlook
8.6.1.1.
Market Size & Forecast 8.6.1.1.1.
8.6.1.2.
By Value & Volume
Market Share & Forecast 8.6.1.2.1.
By Vehicle Type
8.6.1.3.
Market Attractiveness Index (Vehicle Type)
8.6.1.4.
Import Tariff
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Contents 8.6.2.
Ukraine OTR Tire Market Outlook 8.6.2.1.
Market Size & Forecast 8.6.2.1.1.
8.6.2.2.
By Vehicle Type
8.6.2.3.
Market Attractiveness Index (Vehicle Type)
8.6.2.4.
Import Tariff
Russia OTR Tire Market Outlook 8.6.3.1.
Market Size & Forecast 8.6.3.1.1.
8.6.3.2.
By Value & Volume
Market Share & Forecast 8.6.3.2.1.
8.6.4.
By Value & Volume
Market Share & Forecast 8.6.2.2.1.
8.6.3.
Page No.
By Vehicle Type
8.6.3.3.
Market Attractiveness Index (Vehicle Type)
8.6.3.4.
Import Tariff
Italy OTR Tire Market Outlook 8.6.4.1.
Market Size & Forecast 8.6.4.1.1.
8.6.4.2.
By Value & Volume
Market Share & Forecast
8.6.4.2.1.
By Vehicle Type
8.6.4.3.
Market Attractiveness Index (Vehicle Type)
8.6.4.4.
Import Tariff
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Contents 8.6.5.
Germany OTR Tire Market Outlook 8.6.5.1.
Market Size & Forecast
8.6.5.1.1. 8.6.5.2.
By Vehicle Type
8.6.5.3.
Market Attractiveness Index (Vehicle Type)
8.6.5.4.
Import Tariff
France OTR Tire Market Outlook 8.6.6.1.
Market Size & Forecast 8.6.6.1.1.
8.6.6.2.
By Value & Volume
Market Share & Forecast 8.6.6.2.1.
8.6.7.
By Value & Volume
Market Share & Forecast 8.6.5.2.1.
8.6.6.
Page No.
By Vehicle Type
8.6.6.3.
Market Attractiveness Index (Vehicle Type)
8.6.6.4.
Import Tariff
United Kingdom OTR Tire Market Outlook 8.6.7.1.
Market Size & Forecast 8.6.7.1.1.
8.6.7.2.
By Value & Volume
Market Share & Forecast 8.6.7.2.1.
By Vehicle Type
8.6.7.3.
Market Attractiveness Index (Vehicle Type)
8.6.7.4.
Import Tariff
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Contents 8.6.8.
Poland OTR Tire Market Outlook 8.6.8.1.
Market Size & Forecast 8.6.8.1.1.
8.6.8.2.
By Vehicle Type
8.6.8.3.
Market Attractiveness Index (Vehicle Type)
8.6.8.4.
Import Tariff
Hungary OTR Tire Market Outlook 8.6.9.1.
Market Size & Forecast 8.6.9.1.1.
8.6.9.2.
By Value & Volume
Market Share & Forecast 8.6.9.2.1.
9.
By Value & Volume
Market Share & Forecast 8.6.8.2.1.
8.6.9.
Page No.
By Vehicle Type
8.6.9.3.
Market Attractiveness Index (Vehicle Type)
8.6.9.4.
Import Tariff
North America OTR Tire Market Outlook 9.1.
Market Size & Forecast 9.1.1.
9.2.
9.3.
By Value & Volume
Market Share & Forecast
9.2.1.
By Vehicle Type
9.2.2.
By Country
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Contents 9.4.
Market Attractiveness Index (By Country)
9.5.
Prominent Tire Sizes (By Country)
9.6.
North America: Country Analysis 9.6.1.
United States OTR Tire Market Outlook 9.6.1.1.
Market Size & Forecast 9.6.1.1.1.
9.6.1.2.
By Value & Volume
Market Share & Forecast 9.6.1.2.1.
9.6.2.
Page No.
By Vehicle Type
9.6.1.3.
Market Attractiveness Index (Vehicle Type)
9.6.1.4.
Import Tariff
Mexico OTR Tire Market Outlook 9.6.2.1.
Market Size & Forecast 9.6.2.1.1.
9.6.2.2.
By Value & Volume
Market Share & Forecast 9.6.2.2.1.
By Vehicle Type
9.6.2.3.
Market Attractiveness Index (Vehicle Type)
9.6.2.4.
Import Tariff
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Contents 9.6.3.
Canada OTR Tire Market Outlook
9.6.3.1.
Market Size & Forecast 9.6.3.1.1.
9.6.3.2.
By Value & Volume
Market Share & Forecast 9.6.3.2.1.
10.
Page No.
By Vehicle Type
9.6.3.3.
Market Attractiveness Index (Vehicle Type)
9.6.3.4.
Import Tariff
South America OTR Tire Market Outlook 10.1.
Market Size & Forecast 10.1.1.
10.2.
By Value & Volume
Market Share & Forecast 10.2.1.
By Vehicle Type
10.2.2.
By Country
10.3.
Market Attractiveness Index (By Vehicle Type)
10.4.
Market Attractiveness Index (By Country)
10.5.
Prominent Tire Sizes (By Country)
10.6.
South America: Country Analysis 10.6.1.
Brazil OTR Tire Market Outlook 10.6.1.1.
Market Size & Forecast 10.6.1.1.1.
10.6.1.2.
Market Size & Forecast 10.6.1.2.1.
10.6.1.3.
By Value & Volume
By Vehicle Type
Market Attractiveness Index (Vehicle Type)
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Contents 10.6.2.4. 10.6.2.
Import Tariff
Argentina OTR Tire Market Outlook 10.6.2.1.
Market Size & Forecast 10.6.2.1.1.
10.6.2.2.
By Vehicle Type
10.6.2.3.
Market Attractiveness Index (Vehicle Type)
10.6.2.4.
Import Tariff
Colombia OTR Tire Market Outlook 10.6.3.1.
Market Size & Forecast 10.6.3.1.1.
10.6.3.2.
By Value & Volume
Market Share & Forecast 10.6.3.2.1.
10.6.4.
By Value & Volume
Market Share & Forecast 10.6.2.2.1.
10.6.3.
Page No.
By Vehicle Type
10.6.3.3.
Market Attractiveness Index (Vehicle Type)
10.6.3.4.
Import Tariff
Chile OTR Tire Market Outlook
10.6.4.1.
Market Size & Forecast 10.6.4.1.1.
10.6.4.2.
Market Share & Forecast 10.6.4.2.1.
10.6.4.3.
By Value & Volume
By Vehicle Type
Market Attractiveness Index (Vehicle Type)
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Contents 10.6.4.4. 10.6.5.
Import Tariff
Cuba OTR Tire Market Outlook 10.6.5.1.
Market Size & Forecast 10.6.5.1.1.
10.6.5.2.
By Value & Volume
Market Share & Forecast 10.6.5.2.1.
11.
Page No.
By Vehicle Type
10.6.5.3.
Market Attractiveness Index (Vehicle Type)
10.6.5.4.
Import Tariff
Middle East OTR Tire Market Outlook 11.1.
Market Size & Forecast
11.1.1. 11.2.
By Value & Volume
Market Share & Forecast 11.2.1.
By Vehicle Type
11.2.2.
By Country
11.3.
Market Attractiveness Index (By Vehicle Type)
11.4.
Market Attractiveness Index (By Country)
11.5.
Prominent Tire Sizes (By Country)
11.6.
Middle East: Country Analysis 11.6.1.
Iran OTR Tire Market Outlook 11.6.1.1.
Market Size & Forecast 11.6.1.1.1.
11.6.1.2.
By Value & Volume
Market Share & Forecast 11.6.1.2.1.
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Contents 11.6.1.3.
11.6.2.4. 11.6.2.
Market Attractiveness Index (Vehicle Type) Import Tariff
Saudi Arabia OTR Tire Market Outlook 11.6.2.1.
Market Size & Forecast 11.6.2.1.1.
11.6.2.2.
By Vehicle Type
11.6.2.3.
Market Attractiveness Index (Vehicle Type)
11.6.2.4.
Import Tariff
UAE OTR Tire Market Outlook 11.6.3.1.
Market Size & Forecast 11.6.3.1.1.
11.6.3.2.
By Value & Volume
Market Share & Forecast 11.6.3.2.1.
12.
By Value & Volume
Market Share & Forecast 11.6.2.2.1.
11.6.3.
Page No.
By Vehicle Type
11.6.3.3.
Market Attractiveness Index (Vehicle Type)
11.6.3.4.
Import Tariff
Africa OTR Tire Market Outlook 12.1.
Market Size & Forecast 12.1.1.
12.2.
By Value & Volume
Market Share & Forecast 12.2.1.
By Vehicle Type
12.2.2.
By Country
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Contents
Page No.
12.3.
Market Attractiveness Index (By Vehicle Type)
12.4.
Market Attractiveness Index (By Country)
12.5.
Prominent Tire Sizes (By Country)
12.6.
Africa: Country Analysis 12.6.1.
South Africa OTR Tire Market Outlook 12.6.1.1.
Market Size & Forecast 12.6.1.1.1.
12.6.1.2.
Market Share & Forecast 12.6.1.2.1.
12.6.2.
By Vehicle Type
12.6.1.3.
Market Attractiveness Index (Vehicle Type)
12.6.1.4.
Import Tariff
Nigeria OTR Tire Market Outlook 12.6.2.1.
Market Size & Forecast 12.6.2.1.1.
12.6.2.2.
By Value & Volume
Market Share & Forecast 12.6.2.2.1.
12.6.3.
By Value & Volume
By Vehicle Type
12.6.2.3.
Market Attractiveness Index (Vehicle Type)
12.6.2.4.
Import Tariff
Algeria OTR Tire Market Outlook 12.6.3.1.
Market Size & Forecast 12.6.3.1.1.
By Value & Volume
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S No.
Contents 12.6.3.2.
Market Share & Forecast 12.6.3.2.1.
12.6.4.
By Vehicle Type
12.6.3.3.
Market Attractiveness Index (Vehicle Type)
12.6.3.4.
Import Tariff
Morocco OTR Tire Market Outlook 12.6.4.1.
Market Size & Forecast 12.6.4.1.1.
12.6.4.2.
By Value & Volume
Market Share & Forecast 12.6.4.2.1.
12.6.5.
Page No.
By Vehicle Type
12.6.4.3.
Market Attractiveness Index (Vehicle Type)
12.6.4.4.
Import Tariff
Ethiopia OTR Tire Market Outlook 12.6.5.1.
Market Size & Forecast 12.6.5.1.1.
12.6.5.2.
Market Share & Forecast 12.6.5.2.1.
12.6.5.3.
By Value & Volume
By Vehicle Type
Market Attractiveness Index (Vehicle Type)
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Contents 12.6.6.
Sudan OTR Tire Market Outlook
12.6.6.1.
Market Size & Forecast 12.6.6.1.1.
12.6.6.2.
12.6.6.3.
By Vehicle Type
Market Attractiveness Index (Vehicle Type)
Somalia OTR Tire Market Outlook
12.6.7.1.
Market Size & Forecast 12.6.7.1.1.
12.6.7.2.
12.6.7.3.
By Value & Volume
Market Share & Forecast 12.6.7.2.1.
13.
By Value & Volume
Market Share & Forecast 12.6.6.2.1.
12.6.7.
Page No.
By Vehicle Type
Market Attractiveness Index (Vehicle Type)
Market Dynamics
13.1.
Drivers
13.2.
Challenges
14.
Market Trends & Developments
15.
Competitive Landscape 15.1.
Compagnie Générale des Établissements Michelin (CGEM)
15.2.
Bridgestone Corporation
15.3.
The Goodyear Tire & Rubber Company
15.4.
The Yokohama Rubber Co., Ltd.
15.5.
Continental Aktiengesellschaft
15.6.
Balkrishna Industries Limited
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Contents 15.7.
Toyo Tire & Rubber Company
15.8.
Apollo Tyres Ltd.
15.9.
Hankook Tire Co. Ltd.
15.10.
Cooper Tire & Rubber Company
16.
Strategic Recommendations
17.
Annexure: List of OTR Tire Dealers/Distributors
18.
About Us & Disclaimer
Page No.
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Product Overview
Product Definition Global tire supplier Michelin defines tire as, “A precisely engineered assembly of rubber, chemicals, fabric, and metal, designed to provide traction, cushion road shock and carry a load under varying conditions.”
Classification According to Vehicle Type
Vehicle Segment
Sub-Segment
Customer Segment
Mining, Construction and Industrial Equipment
Off-The-Road (OTR) Vehicles
Agriculture Vehicles
Logistics, Construction Companies, Construction Contractors, OTR Renting Companies, Small Business Entrepreneurs, etc.
Others (All-Terrain Vehicles, Sports Vehicles, Go-cart Vehicles, Golf Cart Vehicles, Special Purpose Vehicles, Desert Vehicles, etc.)
19 © TechSci Research
Research Methodology Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading global OTR tire suppliers, and subsequently, verified information from major distributors of OTR tires across the world. We also put through an exhaustive search of credible paid databases such as Business Week, Factiva and Hoovers, including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of global OTR tire market. While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. Primary Research – Major Companies Interviewed
Secondary Research - Few Major Sources
S. No.
Company Name
S. No.
Secondary Source
1.
Bridgestone Corporation
1.
European Tyre and Rubber Manufacturers Association (ETRMA)
2.
Titan Tire Corporation
2.
Japan Automobile Tyre Manufacturers Association (JATMA)
3.
Compagnie Générale des Établissements Michelin
3.
4.
The Goodyear Tire & Rubber Company
National Association of Automobile Manufacturers (ANFAVEA) Brazil
4.
Automotive Tyre Manufacturers Association (ATMA) India
5.
Continental AG
5.
The British Tyre Manufacturers Association (BTMA)
6.
MRF Limited
6.
Society of Motor Manufacturers and Traders of UK (SMMT)
7.
The Yokohama Rubber Co., Ltd.
7.
8.
Apollo Tyres Ltd.
Malaysian Rubber Products Manufactures Association (MRPMA)
8.
China Rubber industry Association (RIA)
9.
Balkrishna Industries Limited
9.
Company Website
10.
JK Tyre & Industries Ltd.
10.
International Monetary Fund (IMF)
20 © TechSci Research
Research Methodology
For the preparation of global OTR tire report, bottom-up model has been used, which has been later on validated by using top down approach. OTR Vehicle Production, Sales & Fleet Size: Basic data points that were required for analysis of global OTR tire market include historical and current figures for OTR vehicle production, sales and fleet size. Data for vehicle production, sales and fleet size has been extracted through various government sources, credible data portals and primary research. TechSci Research has maintained a database for OTR vehicle production, sales and fleet size, which is regularly updated through various primary research surveys and secondary sources such as automotive associations and government publications.
Tire Demand: OEM OTR Tire Sales OEM OTR tire demand has been calculated by multiplying the average number of tires per OTR vehicle with the total number of OTR vehicles produced. For example, for the tractor segment, the average number of tires have been considered as four. Replacement OTR Tire Sales Replacement OTR tire demand of a particular country is directly dependent on the country’s OTR vehicle fleet size and historical OTR vehicle sales. The replacement demand is therefore extracted by multiplying the OTR vehicle fleet with the replacement tire ratio, which is obtained by conducting a series of surveys with OTR OEMs, distributors and retailers; OTR tire manufacturers, distributors and retailers; and OTR vehicle users, to understand the frequency of tire replacement, as it varies for different countries depending upon factors such as road conditions, climate, and economic and regulatory policies applicable in a country. The replacement ratio is expressed as a percentage; and is considered to be 100%, if four tires are replaced per vehicle per year. Example for replacement tire demand calculation in the tractor segment: Tractor Fleet Size (Volume)
X
Replacement Ratio (in %)
X
No. of Tires
=
Replacement Tire Demand
1,00,000
X
100%
X
4
=
400,000 Tires
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Research Methodology
The calculated replacement tire demand data is further analyzed by TechSci Research through Delphi Technique i.e. multiple rounds of telephonic interviews were conducted with OTR tire companies/dealers across the globe. The information thus gathered through primary interviews was cross-verified through industry experts and secondary sources such as annual reports and paid databases to generate meaningful results. Total Tire Market OEM Tire Sales
+
Replacement Tire Sales
=
Total Tire Market
Forecast
For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis, followed by Judgmental Analysis, as certain factors would always differ from country to country such as infrastructure condition, economic outlook, technology penetration, etc.
Rankings of OTR Tire Companies Rankings of prominent OTR tire companies have been concluded by accessing brand awareness among the consumers through exhaustive primary surveys. Prominent OTR Tire Sizes Prominent OTR tire sizes have been concluded through exhaustive primary surveys.
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INDUSTRY BRIEF According to TechSci Research report, “Global OTR Tire Market By Vehicle Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2015-2025”, the global OTR tire market is projected to surpass $ 31 billion by 2025, on account of growing OTR vehicle sales, increasing OTR vehicle fleet size and steadily rising OTR tire prices. With increasing number of development activities being witnessed across the globe, especially in construction, mining and industrial sectors, demand for OTR tires is expected to increase at a healthy pace during the forecast period. On account of modernization and increasing use of latest technology, agriculture sector in emerging economies is also witnessing growth. Various types of advanced OTR vehicles are being introduced for farming, which help in overcoming the problems associated with manual labor and aid in achieving higher productivity. In 2018, mining, construction & industrial equipment segment dominated global OTR tire market and the trend is anticipated to continue during the forecast period. Owing to the introduction of various plans and programs for the development of infrastructure by the governments of various countries, demand for OTR vehicles used in the construction projects is also increasing and consequently fueling the demand for their tires. Garnering support from increasing surface and underground mining and increasing quarrying activities across the world, the demand for dump truck, excavators, loaders, etc. is rising considerably, which in turn is propelling the market for OTR tires, globally. Asia-Pacific accounts for nearly half of the market, backed by several infrastructure and construction projects across the region. Projects like “One Belt One Road” (OBOR) project in China, which would involve an investment of USD4-6 trillion, is in pipeline, while ongoing projects such as Beijing Shanghai High Speed Railway project, Xiluodu Dam project, Delhi-Mumbai Industrial Corridor, East Coast Rail Link, Kuala Lumpur-Tumpat projects, Kayan River Hydropower Project and North Kalimantan are boosting demand for construction equipment, which in turn is aiding the global OTR tire market. According to the Asian Development Bank report, Asia will need to invest USD26 trillion between 2016 to 2030 on developing sectors such as power, transport, telecommunication, water supply, etc., to maintain its targeted growth rates. “Expanding construction, mining and agriculture sectors coupled with expansion in agriculture vehicle fleet will continue to propel demand for OTR tires, globally, in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. Michelin is the leader in the global OTR tire market, backed by a varied product portfolio and wide dealership network across the globe. Moreover, presence of various companies like Bridgestone, BKT and Yokahama is intensifying competition in the global OTR tire market, as they are coming with competitive pricing strategy and advanced OTR tire technology. Moreover, continuous developments in tire technology are also projected to increase demand for radial OTR tires across the world. Chinese companies such as Zhongce Rubber, Triangle, etc., are also expanding their product offering and distribution network to gain market share in the global OTR tire market.
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SAMPLE DATA - SNAPSHOT Global OTR Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F
2015
2016
CAGR 2015-2019
CAGR 2020E-2025F
By Value: xx% By Volume: xx%
By Value: xx% By Volume: xx%
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Value (USD Billion)
2021F
2022F
2023F
2024F
2025F
Volume (Million Unit)
North America OTR Tire Market Share, By Vehicle Type, By Volume, 2015-2025F 50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
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30.00%
30.00%
30.00%
30.00%
30.00%
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30.00%
30.00%
20.00%
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2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Mining, Construction & Industrial Equipment
Agriculture Vehicles
Others
Mexico OTR Tire Market Share, By Vehicle Type, By Volume, 2015-2025F 50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
20.00%
20.00%
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20.00%
2015
2016 2017 2018 2019 2020E Mining, Construction & Industrial Equipment
2021F 2022F 2023F Agriculture Vehicles
2024F 2025F Others
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