Summary

There has been a significant increase in vehicle production over the years. However, in 2020, factors like COVID-19, regional disparities, weakness in economy, and lagging vaccination timetables, particularly in poor countries, resulted in the decline in global vehicle production. However, a strong rebound in global vehicle production with the recovery of major industries across the globe since the middle of last year has helped soften the impact of the pandemic for automotive industry. The global economic recovery is also expected to be fueled by the higher production of vaccines and vaccination rates, allowing businesses to reopen more quickly. The increasing demand for new infrastructure is expected to drive the demand for construction machinery and thereby OTR tires across the globe. The construction and mining equipment industry has witnessed substantial growth in emerging economies such as China and India. Rapid infrastructural development and revised government norms related to construction activities in these countries are driving the construction and mining equipment market and thus the OTR tires market. With the growing population, the demand for food and agricultural products has increased, and this has generated the need for farm mechanization. The demand for agricultural tractors used for different agricultural activities has increased during recent years. High labor costs led the industry to shift towards industrial automation. These factors drive the demand for OTR tires for various applications. “OTR tires for Container Handlers is expected to lead the industrial equipment segment due to the higher demand in material handling applications.” The OTR tires for container handlers is estimated to lead the market, in terms of value, during the forecast period due to the higher demand of industrial equipments. The increasing industrialization and setting up of warehouses to support the hub and spoke model for various sectors are expected to drive the growth of industrial equipment, thereby driving the OTR tires market. Manufacturers are investing in R&D to develop technologically advanced industrial vehicles that are innovative, efficient, and cost-effective. Container handlers are used for handling intermodal cargo containers in small terminals or medium-sized ports and warehouses. The demand for these vehicles is expected to grow in emerging economies such as China and India, where new infrastructure projects are being launched. Asia Pacific is projected to be the highest growing regional market China, Japan, India, and Indonesia are included under Asia Pacific for market analysis. Infrastructural activities are projected to grow as they form a critical part of improving connectivity and promoting sustainable growth. Population growth and migration to major cities in the past decade further increased the demand for residential buildings. According to the Asian Development Bank, countries in Asia Pacific will have to invest USD 1.7 trillion per year up to 2030 for infrastructural development, which will cater to the requirements of infrastructural development. These factors are expected to drive the demand for construction equipment and will positively impact the demand for OTR tires. Asia Pacific is estimated to have the largest market for OTR tires in 2021. In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market. • By Company Type: Tier 1 – 70%, Tier 2 – 20% and Tier 3 – 10% • By Designation: Manager Level – 60%, C Level - 25%, and Others – 15% • By Region: Asia Pacific - 35%, Europe - 20%, North America –30%, and RoW-15% Continental AG (Germany), Bridgestone Corporation (Japan), Michelin (France), Goodyear Tire & Rubber Company (US), and Pirelli & C. S.p.A. (Italy) are prominent players in the OTR tires market Research Coverage: The study covers segments the OTR tires market and forecasts the market size based on based on Equipment Type (Articulated Dump Trucks, Asphalt Finishers, Backhoe Loaders, Crawler Dozer, Crawler Excavators, Crawler Loaders, Mini Excavators, Motor Graders, Rigid Dump Trucks, RTLT-Telescopic, Skid-Steer Loaders, Wheeled Excavators, Wheeled Loaders <80 HP, Wheeled Loaders >80 HP, Agriculture Tractors, and Others), Agriculture Tractors (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP), Industrial Equipment (Forklifts, Aisle Trucks, Tow Tractors, and Container Handlers), Product Type (Wheeled Tires and Rubber Tracks), Tire Type (Radial, Bias, and Solid), Rim Size (up to 30 inches, 30-50 inches, and above 50 inches), Retreading, by Process (Pre-cure and Mold cure), Retreading, by Application (Construction and Mining Equipment, and Agriculture tractors), By Application (Construction and Mining Equipment, Agriculture Tractors, and Industrial Equipment), By Region (Asia Pacific, Europe, North America, and RoW). The study also includes an in-depth competitive analysis of the major OTR tire manufacturers in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report: The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall OTR tires market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 27 1.1 OBJECTIVES OF THE STUDY 27 1.2 MARKET DEFINITION 28 1.2.1 INCLUSIONS & EXCLUSIONS 28 1.3 MARKET SCOPE 29 FIGURE 1 OTR TIRES MARKET SEGMENTATION 29 1.3.1 YEARS CONSIDERED FOR THE STUDY 30 1.4 CURRENCY CONSIDERED 30 1.5 SUMMARY OF CHANGES 30 1.6 STAKEHOLDERS 31 2 RESEARCH METHODOLOGY 32 2.1 RESEARCH DATA 32 FIGURE 2 OTR TIRES MARKET: RESEARCH DESIGN 32 FIGURE 3 RESEARCH METHODOLOGY MODEL 33 2.1.1 SECONDARY DATA 34 2.1.1.1 List of key secondary sources to estimate base numbers 34 2.1.1.2 List of key secondary sources to estimate OTR tires market 35 2.1.1.3 Key data from secondary sources 36 2.1.2 PRIMARY DATA 36 FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 37 2.1.2.1 List of primary participants 37 2.2 MARKET SIZE ESTIMATION 37 FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 38 2.2.1 BOTTOM-UP APPROACH 39 FIGURE 6 OTR TIRES MARKET SIZE: BOTTOM-UP APPROACH (APPLICATION AND REGION) 39 2.2.2 TOP-DOWN APPROACH 39 FIGURE 7 OTR TIRES MARKET SIZE: TOP-DOWN APPROACH (RIM SIZE) 40 FIGURE 8 OTR TIRES MARKET: RESEARCH DESIGN & METHODOLOGY 40 2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE 41 2.3 DATA TRIANGULATION 42 FIGURE 9 DATA TRIANGULATION METHODOLOGY 42 2.4 FACTOR ANALYSIS 43 2.5 RESEARCH ASSUMPTIONS 43 TABLE 1 RESEARCH ASSUMPTIONS, BY SEGMENT 43 TABLE 2 OTHER ASSUMPTIONS 44 2.6 RESEARCH LIMITATIONS 45 3 EXECUTIVE SUMMARY 46 3.1 PRE- VS POST-COVID-19 SCENARIO 46 FIGURE 10 PRE- & POST-COVID-19 SCENARIO: OTR TIRES MARKET, 2019–2026 (USD THOUSAND) 46 TABLE 3 OTR TIRES MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 2019–2026 (USD THOUSAND) 47 3.2 REPORT SUMMARY 47 FIGURE 11 OTR TIRES MARKET OVERVIEW, 2021–2026 47 FIGURE 12 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021–2026 (USD THOUSAND) 48 4 PREMIUM INSIGHTS 50 4.1 ATTRACTIVE OPPORTUNITIES IN OTR TIRES MARKET 50 FIGURE 13 INCREASING INFRASTRUCTURE DEVELOPMENT AND AGRICULTURAL MECHANIZATION TO DRIVE MARKET 50 4.2 OTR TIRES MARKET, BY EQUIPMENT TYPE 51 FIGURE 14 AGRICULTURE TRACTORS EXPECTED TO LEAD MARKET DURING FORECAST PERIOD 51 4.3 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT 52 FIGURE 15 31-70 HP TRACTORS ARE PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 52 4.4 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE 52 FIGURE 16 OTR TIRES FOR TOW TRACTORS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 52 4.5 OTR TIRES MARKET, BY PRODUCT TYPE 53 FIGURE 17 WHEELED TIRES SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2026 53 4.6 OTR TIRES MARKET, BY TYPE 53 FIGURE 18 RADIAL TIRES EXPECTED TO LEAD MARKET DURING FORECAST PERIOD 53 4.7 OTR TIRES MARKET, BY RIM SIZE 54 FIGURE 19 OTR TIRES OF UP TO 30 INCHES PROJECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 54 4.8 OTR TIRES RETREADING MARKET, BY PROCESS 54 FIGURE 20 MOLD CURE RETREADING PROCESS PROJECTED TO GROW AT HIGHER RATE DURING FORECAST PERIOD 54 4.9 OTR TIRES RETREADING MARKET, BY APPLICATION 55 FIGURE 21 AGRICULTURAL TRACTORS PROJECTED TO GROW AT HIGHER RATE FROM 2021 TO 2026 55 4.10 OTR TIRES MARKET, BY APPLICATION 55 FIGURE 22 CONSTRUCTION AND MINING EQUIPMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 55 4.11 OTR TIRES MARKET, BY REGION 56 FIGURE 23 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2021 56   5 MARKET OVERVIEW 57 5.1 INTRODUCTION 57 5.2 MARKET DYNAMICS 58 FIGURE 24 OTR TIRES MARKET DYNAMICS 58 5.2.1 DRIVERS 58 5.2.1.1 Increased infrastructural developments and growth in construction and mining activities 58 5.2.1.2 Increase in machine-oriented agricultural practices and government subsidies on agricultural equipment 59 5.2.1.2.1 Increase in machine-oriented agricultural practices 59 5.2.1.2.2 Government subsidies on agriculture equipment 60 TABLE 4 AGRICULTURAL EQUIPMENT SUBSIDIES BY MAJOR REGIONAL GOVERNMENTS 60 5.2.1.3 Growth in rental segment of off-highway vehicles 61 5.2.2 RESTRAINTS 61 5.2.2.1 High R&D costs 61 TABLE 5 INDUSTRY CHARACTERISTICS AND SPECIFICATION 62 5.2.2.2 Availability of Low-cost tires from unorganized market 62 5.2.3 OPPORTUNITIES 63 5.2.3.1 Developing alternative cost-effective and recyclable raw materials 63 TABLE 6 TIRE MANUFACTURERS FOCUS ON ECO-FRIENDLY MATERIALS 64 5.2.3.2 Commercializing use of integrated advanced sensor-based technologies 64 5.2.4 CHALLENGES 65 5.2.4.1 Fluctuation in raw material prices 65 FIGURE 25 NATURAL RUBBER VS. OIL: PRICE VARIATIONS (2011-2020) 65 5.3 PORTER’S FIVE FORCES ANALYSIS 65 TABLE 7 PORTER’S FIVE FORCES ANALYSIS 66 FIGURE 26 PORTER’S FIVE FORCES 66 5.3.1 THREAT OF NEW ENTRANTS 67 5.3.2 THREAT OF SUBSTITUTES 67 5.3.3 BARGAINING POWER OF SUPPLIERS 67 5.3.4 BARGAINING POWER OF BUYERS 67 5.3.5 INTENSITY OF COMPETITIVE RIVALRY 68 5.4 TRADE ANALYSIS 68 TABLE 8 IMPORT TRADE DATA, BY KEY COUNTRY, 2020 (USD THOUSAND) 68 TABLE 9 EXPORT TRADE DATA, BY KEY COUNTRY, 2020 (USD THOUSAND) 68 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 69 FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS - OTR TIRES MARKET 69 5.6 CASE STUDIES 69 5.6.1 INTELLIGENT MANUFACTURING SYSTEM FOR OTR TIRES USING PROACTIVE CONTROL 69 5.6.2 NEW DEVELOPMENTS IN OTR TIRES: PERFORMANCE AND SUSTAINABILITY 70 5.6.3 REVERSE LOGISTICS NETWORK OPTIMIZATION MODEL FOR RESIDUAL OTR TIRES FROM MINING INDUSTRY: A COLOMBIAN CASE STUDY 70 5.7 PATENT ANALYSIS 71 5.8 SUPPLY CHAIN ANALYSIS 73 FIGURE 28 SUPPLY CHAIN ANALYSIS 73 5.9 ECOSYSTEM/MARKET MAP 74 TABLE 10 OTR TIRE MARKET: ECOSYSTEM 74 5.10 REGULATORY ANALYSIS: OTR TIRE STANDARDS 75 5.10.1 TRA CODES AND STAR RATINGS FOR STANDARDIZATION OF OTR TIRES 75 TABLE 11 OTR TIRES: TRA CODES 76 TABLE 12 OTR TIRES: STAR RATINGS 77 5.11 AVERAGE SELLING PRICE (ASP) ANALYSIS 77 5.11.1 ASP, BY REGION 77 TABLE 13 ASP, BY REGION, 2019-2020 (USD) 77 5.11.2 ASP, BY TYPE 77 TABLE 14 ASP, BY TYPE, 2019-2020 (USD) 77 5.11.3 ASP, BY APPLICATION 78 TABLE 15 ASP, BY APPLICATION, 2019-2020 (USD) 78 5.12 TECHNOLOGICAL TRENDS 78 5.12.1 INTELLIGENT TIRES 78 5.12.2 ADVANCEMENTS IN OTR TIRES FOR CONSTRUCTION EQUIPMENT 78 5.12.3 TECHNOLOGY AND CONNECTIVITY TRENDS AIDING MANAGEMENT OF OTR TIRES 79 5.12.4 RESEARCH ON TKS DANDELION AS ALTERNATIVE TO NATURAL RUBBER 79 5.13 OTR TIRES MARKET SCENARIO 80 FIGURE 29 OTR TIRE MARKET: COVID-19 SCENARIOS ANALYSIS 80 5.13.1 OTR TIRE MARKET, REALISTIC SCENARIO 80 TABLE 16 REALISTIC SCENARIO: OTR TIRE MARKET, BY REGION, 2019–2026 (USD THOUSAND) 80 5.13.2 OTR TIRE MARKET, LOW-IMPACT SCENARIO 81 TABLE 17 LOW-IMPACT SCENARIO OTR MARKET, BY REGION, 2019–2026 (USD THOUSAND) 81 5.13.3 OTR TIRE MARKET, HIGH-IMPACT SCENARIO 81 TABLE 18 HIGH-IMPACT SCENARIO: OTR TIRE MARKET, BY REGION, 2019–2026 (USD THOUSAND) 81 6 OTR TIRES MARKET, BY EQUIPMENT TYPE 82 The market size and forecast of each equipment type is further segmented into regions – Asia Pacific, Europe, North America and ROW 6.1 INTRODUCTION 83 FIGURE 30 OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021 VS. 2026 (USD THOUSAND) 84 6.1.1 RESEARCH METHODOLOGY 85 6.1.2 ASSUMPTIONS 85 6.1.3 INDUSTRY INSIGHTS 85 TABLE 19 OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (UNITS) 86 TABLE 20 OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (UNITS) 87 TABLE 21 OTR TIRES MARKET, BY EQUIPMENT TYPE, 2018–2020 (USD THOUSAND) 88 TABLE 22 OTR TIRES MARKET, BY EQUIPMENT TYPE, 2021–2026 (USD THOUSAND) 89 6.2 ARTICULATED DUMP TRUCKS 90 TABLE 23 OTR TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2018–2020 (UNITS) 90 TABLE 24 OTR TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2021–2026 (UNITS) 90 TABLE 25 OTR TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2018–2020 (USD THOUSAND) 90 TABLE 26 OTR TIRES MARKET FOR ARTICULATED DUMP TRUCKS, BY REGION, 2021–2026 (USD THOUSAND) 91 6.3 ASPHALT FINISHERS 91 TABLE 27 OTR TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2018–2020 (UNITS) 91 TABLE 28 OTR TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2021–2026 (UNITS) 92 TABLE 29 OTR TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2018–2020 (USD THOUSAND) 92 TABLE 30 OTR TIRES MARKET FOR ASPHALT FINISHERS, BY REGION, 2021–2026 (USD THOUSAND) 92 6.4 BACKHOE LOADERS 93 TABLE 31 OTR TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2018–2020 (UNITS) 93 TABLE 32 OTR TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2021–2026 (UNITS) 93 TABLE 33 OTR TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2018–2020 (USD THOUSAND) 93 TABLE 34 OTR TIRES MARKET FOR BACKHOE LOADERS, BY REGION, 2021–2026 (USD THOUSAND) 94 6.5 CRAWLER DOZERS 94 TABLE 35 OTR TIRES MARKET FOR CRAWLER DOZERS, BY REGION, 2018–2020 (UNITS) 94 TABLE 36 RUBBER TRACK MARKET FOR CRAWLER DOZERS, BY REGION, 2021–2026 (UNITS) 94 TABLE 37 OTR TIRES MARKET FOR CRAWLER DOZERS, BY REGION, 2018–2020 (USD THOUSAND) 95 TABLE 38 OTR TIRES MARKET FOR CRAWLER DOZERS, BY REGION, 2021–2026 (USD THOUSAND) 95 6.6 CRAWLER EXCAVATORS 95 TABLE 39 OTR TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2018–2020 (UNITS) 95 TABLE 40 OTR TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2021–2026 (UNITS) 96 TABLE 41 OTR TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2018–2020 (USD THOUSAND) 96 TABLE 42 OTR TIRES MARKET FOR CRAWLER EXCAVATORS, BY REGION, 2021–2026 (USD THOUSAND) 96 6.7 CRAWLER LOADERS 97 TABLE 43 OTR TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2018–2020 (UNITS) 97 TABLE 44 OTR TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2021–2026 (UNITS) 97 TABLE 45 OTR TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2018–2020 (USD THOUSAND) 97 TABLE 46 OTR TIRES MARKET FOR CRAWLER LOADERS, BY REGION, 2021–2026 (USD THOUSAND) 98 6.8 MINI EXCAVATORS 98 TABLE 47 OTR TIRES MARKET FOR MINI EXCAVATORS, BY REGION, 2018–2020 (UNITS) 98 TABLE 48 OTR TIRES MARKET FOR MINI EXCAVATORS, BY REGION, 2021–2026 (UNITS) 98 TABLE 49 OTR TIRES MARKET FOR MINI EXCAVATORS MARKET, BY REGION, 2018–2020 (USD THOUSAND) 99 TABLE 50 OTR TIRES MARKET FOR MINI EXCAVATORS, BY REGION, 2021–2026 (USD THOUSAND) 99 6.9 MOTOR GRADERS 99 TABLE 51 OTR TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2018–2020 (UNITS) 100 TABLE 52 OTR TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2021–2026 (UNITS) 100 TABLE 53 OTR TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2018–2020 (USD THOUSAND) 100 TABLE 54 OTR TIRES MARKET FOR MOTOR GRADERS, BY REGION, 2021–2026 (USD THOUSAND) 100 6.10 RIGID DUMP TRUCKS 101 TABLE 55 OTR TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2018–2020 (UNITS) 101 TABLE 56 OTR TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2021–2026 (UNITS) 101 TABLE 57 OTR TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2018–2020 (USD THOUSAND) 101 TABLE 58 OTR TIRES MARKET FOR RIGID DUMP TRUCKS, BY REGION, 2021–2026 (USD THOUSAND) 102 6.11 RTLT-TELESCOPIC 102 TABLE 59 OTR TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2018–2020 (UNITS) 102 TABLE 60 OTR TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2021–2026 (UNITS) 102 TABLE 61 OTR TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2018–2020 (USD THOUSAND) 103 TABLE 62 OTR TIRES MARKET FOR RTLT-TELESCOPIC, BY REGION, 2021–2026 (USD THOUSAND) 103 6.12 SKID-STEER LOADERS 103 TABLE 63 OTR TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2018–2020 (UNITS) 103 TABLE 64 OTR TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2021–2026 (UNITS) 104 TABLE 65 OTR TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2018–2020 (USD THOUSAND) 104 TABLE 66 OTR TIRES MARKET FOR SKID-STEER LOADERS, BY REGION, 2021–2026 (USD THOUSAND) 104 6.13 WHEELED EXCAVATORS 105 TABLE 67 OTR TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2018–2020 (UNITS) 105 TABLE 68 OTR TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2021–2026 (UNITS) 105 TABLE 69 OTR TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2018–2020 (USD THOUSAND) 105 TABLE 70 OTR TIRES MARKET FOR WHEELED EXCAVATORS, BY REGION, 2021–2026 (USD THOUSAND) 106 6.14 WHEELED LOADERS <80 HP 106 TABLE 71 OTR TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2018–2020 (UNITS) 106 TABLE 72 OTR TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2021–2026 (UNITS) 107 TABLE 73 OTR TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2018–2020 (USD THOUSAND) 107 TABLE 74 OTR TIRES MARKET FOR WHEELED LOADERS <80 HP, BY REGION, 2021–2026 (USD THOUSAND) 107 6.15 WHEELED LOADERS >80 HP 108 TABLE 75 OTR TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2018–2020 (UNITS) 108 TABLE 76 OTR TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2021–2026 (UNITS) 108 TABLE 77 OTR TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2018–2020 (USD THOUSAND) 108 TABLE 78 OTR TIRES MARKET FOR WHEELED LOADERS >80 HP, BY REGION, 2021–2026 (USD THOUSAND) 109 6.16 AGRICULTURE TRACTORS 109 TABLE 79 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (UNITS) 109 TABLE 80 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (UNITS) 110 TABLE 81 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (USD THOUSAND) 110 TABLE 82 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (USD THOUSAND) 110 6.17 OTHERS 111 TABLE 83 OTR TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2018–2020 (UNITS) 111 TABLE 84 OTR TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2021–2026 (UNITS) 111 TABLE 85 OTR TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2018–2020 (USD THOUSAND) 111 TABLE 86 OTR TIRES MARKET FOR OTHER EQUIPMENT, BY REGION, 2021–2026 (USD THOUSAND) 112 7 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT 113 The market size and forecast of each tractor power output is further segmented into regions – Asia Pacific, Europe, North America and ROW 7.1 INTRODUCTION 114 FIGURE 31 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2021 VS. 2026 (USD THOUSAND) 115 7.1.1 RESEARCH METHODOLOGY 115 7.1.2 ASSUMPTIONS 115 TABLE 87 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2018–2020 (UNITS) 116 TABLE 88 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2021–2026 (UNITS) 116 TABLE 89 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2018–2020 (USD THOUSAND) 116 TABLE 90 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY POWER OUTPUT, 2021–2026 (USD THOUSAND) 117 7.2 <30 HP 117 7.2.1 TRACTORS WITH <30 HP ARE SUITABLE FOR SMALL FARMLANDS 117 TABLE 91 <30 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 117 TABLE 92 <30 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 118 TABLE 93 <30 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 118 TABLE 94 <30 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 118 7.3 31–70 HP 119 7.3.1 HIGHER DEMAND FOR 31-70 HP FARM TRACTORS SEGMENT IN CHINA, INDIA AND US DRIVES THE DEMAND FOR OTR TIRES IN THE SEGMENT 119 TABLE 95 31–70 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 119 TABLE 96 31–70 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 119 TABLE 97 31–70 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 119 TABLE 98 31–70 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 120 7.4 71–130 HP 120 7.4.1 71-130 HP TRACTORS ARE MOST SUITABLE FOR MID-SIZED FARMS AND CAN BE ATTACHED WITH VARIOUS IMPLEMENTS REQUIRED FOR AGRICULTURAL PRACTICES 120 TABLE 99 71–130 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 120 TABLE 100 71–130 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 121 TABLE 101 71–130 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 121 TABLE 102 71–130 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 121 7.5 131-250 HP TRACTORS 122 7.5.1 131-250 HP FARM TRACTORS HAVE HIGHEST DEMAND IN EUROPEAN REGION AS THESE TRACTORS ARE SUITABLE FOR LARGE FARMLANDS 122 TABLE 103 131–250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 122 TABLE 104 131–250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 122 TABLE 105 131–250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 122 TABLE 106 131–250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 123 7.6 >250 HP 123 7.6.1 >250 HP TRACTORS HAVE HIGHER DEMAND IN THE EUROPEAN COUNTRIES DUE TO BETTER TRACTION AND HIGHER LOAD CARRYING CAPACITY 123 TABLE 107 >250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 123 TABLE 108 >250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 124 TABLE 109 >250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 124 TABLE 110 >250 HP TRACTORS: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 124 8 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE 125 The market size and forecast of each industrial equipment is further segmented into regions – Asia Pacific, Europe, North America and ROW 8.1 INTRODUCTION 126 FIGURE 32 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021 VS. 2026 (USD THOUSAND) 126 8.1.1 RESEARCH METHODOLOGY 127 8.1.2 ASSUMPTIONS 127 8.1.3 INDUSTRY INSIGHTS 127 TABLE 111 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2018–2020 (UNITS) 127 TABLE 112 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021–2026 (UNITS) 128 TABLE 113 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2018–2020 (USD THOUSAND) 128 TABLE 114 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY TYPE, 2021–2026 (USD THOUSAND) 128 8.2 FORKLIFTS 129 8.2.1 INCREASED USE OF FORKLIFTS IN WAREHOUSES, PORTS, AND MATERIAL HANDLING APPLICATIONS DRIVE DEMAND FOR OTR TIRES 129 TABLE 115 OTR TIRES MARKET FOR FORKLIFTS, BY REGION, 2018–2020 (UNITS) 129 TABLE 116 OTR TIRES MARKET FOR FORKLIFTS, BY REGION, 2021–2026 (UNITS) 129 TABLE 117 OTR TIRES MARKET FOR FORKLIFTS, BY REGION, 2018–2020 (USD THOUSAND) 130 TABLE 118 OTR TIRES MARKET FOR FORKLIFTS, BY REGION, 2021–2026 (USD THOUSAND) 130 8.3 AISLE TRUCKS 130 8.3.1 AISLE TRUCKS ARE ESTIMATED TO HAVE HIGHER DEMAND IN THE EUROPEAN REGION DUE TO INCREASING WAREHOUSES WOULD DRIVE THE DEMAND FOR OTR TIRES FOR THE SEGMENT 130 TABLE 119 OTR TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2018–2020 (UNITS) 131 TABLE 120 OTR TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2021–2026 (UNITS) 131 TABLE 121 OTR TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2018–2020 (USD THOUSAND) 131 TABLE 122 OTR TIRES MARKET FOR AISLE TRUCKS, BY REGION, 2021–2026 (USD THOUSAND) 131 8.4 TOW TRACTORS 132 8.4.1 INCREASED USE OF BATTERY-OPERATED OR EMISSION-FREE TOW TRACTORS WILL DRIVE DEMAND FOR OTR TIRES FOR THE SEGMENT 132 TABLE 123 OTR TIRES MARKET FOR TOW TRACTORS, BY REGION, 2018–2020 (UNITS) 132 TABLE 124 OTR TIRES MARKET FOR TOW TRACTORS, BY REGION, 2021–2026 (UNITS) 132 TABLE 125 OTR TIRES MARKET FOR TOW TRACTORS, BY REGION, 2018–2020 (USD THOUSAND) 133 TABLE 126 OTR TIRES MARKET FOR TOW TRACTORS, BY REGION, 2021–2026 (USD THOUSAND) 133 8.5 CONTAINER HANDLERS 133 8.5.1 INCREASED TRADE ACTIVITIES WILL DRIVE DEMAND FOR OTR TIRES FOR CONTAINER HANDLERS 133 TABLE 127 OTR TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2018–2020 (UNITS) 134 TABLE 128 OTR TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2021–2026 (UNITS) 134 TABLE 129 OTR TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2018–2020 (USD THOUSAND) 134 TABLE 130 OTR TIRES MARKET FOR CONTAINER HANDLERS, BY REGION, 2021–2026 (USD THOUSAND) 135 9 OTR TIRES MARKET, BY PRODUCT TYPE 136 The market size and forecast of each product type is further segmented into regions – Asia Pacific, Europe, North America and ROW 9.1 INTRODUCTION 137 FIGURE 33 OTR TIRES MARKET, BY TYPE, 2021 VS. 2026 (USD THOUSAND) 137 9.1.1 RESEARCH METHODOLOGY 138 9.1.2 ASSUMPTIONS 138 TABLE 131 OTR TIRES MARKET, BY PRODUCT TYPE, 2018–2020 (UNITS) 138 TABLE 132 OTR TIRES MARKET, BY PRODUCT TYPE, 2021–2026 (UNITS) 138 TABLE 133 OTR TIRES MARKET, BY PRODUCT TYPE, 2018–2020 (USD THOUSAND) 139 TABLE 134 OTR TIRES MARKET, BY PRODUCT TYPE, 2021–2026 (USD THOUSAND) 139   9.2 WHEELED TIRES 139 9.2.1 MOST OFF-HIGHWAY EQUIPMENT ARE EQUIPPED WITH WHEELED TIRES AS THEY HAVE HIGH LOAD CARRYING CAPACITIES AND ARE SUITABLE FOR MULTIPLE APPLICATIONS 139 TABLE 135 WHEELED TIRES MARKET, BY REGION, 2018–2020 (UNITS) 140 TABLE 136 WHEELED TIRES MARKET, BY REGION, 2021–2026 (UNITS) 140 TABLE 137 WHEELED TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 140 TABLE 138 WHEELED TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 140 9.3 RUBBER TRACKS 141 9.3.1 RUBBER TRACKS PROVIDE BETTER WEIGHT DISTRIBUTION AND ARE SUITABLE TO USE ON UNEVEN SURFACES FOR CONSTRUCTION AS WELL AS AGRICULTURAL APPLICATIONS 141 TABLE 139 RUBBER TRACKS MARKET, BY REGION, 2018–2020 (UNITS) 141 TABLE 140 RUBBER TRACKS MARKET, BY REGION, 2021–2026 (UNITS) 141 TABLE 141 RUBBER TRACKS MARKET, BY REGION, 2018–2020 (USD THOUSAND) 142 TABLE 142 RUBBER TRACKS MARKET, BY REGION, 2021–2026 (USD THOUSAND) 142 10 OTR TIRES MARKET, BY TYPE 143 The market size and forecast of each tire type is further segmented into regions – Asia Pacific, Europe, North America and ROW 10.1 INTRODUCTION 144 FIGURE 34 OTR TIRES MARKET, BY TYPE, 2021 VS 2026 (USD THOUSAND) 144 10.1.1 RESEARCH METHODOLOGY 145 10.1.2 ASSUMPTIONS 145 10.1.3 INDUSTRY INSIGHTS 145 TABLE 143 OTR TIRES MARKET, BY TYPE, 2018–2020 (UNITS) 145 TABLE 144 OTR TIRES MARKET, BY TYPE, 2021–2026 (UNITS) 146 TABLE 145 OTR TIRES MARKET, BY TYPE, 2018–2020 (USD THOUSAND) 146 TABLE 146 OTR TIRES MARKET, BY TYPE, 2021–2026 (USD THOUSAND) 146 10.2 RADIAL TIRES 147 10.2.1 RADIAL TIRES EXPECTED TO LEAD OTR TIRES MARKET OWING TO THEIR LONGER LIFE EXPECTANCY, IMPROVED COMFORT, AND BETTER HEAT MANAGEMENT 147 TABLE 147 RADIAL OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 147 TABLE 148 RADIAL OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 147 TABLE 149 RADIAL OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 147 TABLE 150 RADIAL OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 148 10.3 BIAS TIRES 148 10.3.1 BIAS TIRES MARKET EXPECTED TO DECLINE IN COMING YEARS OWING TO LOWER FLEXIBILITY AND OVERHEATING ISSUES 148 TABLE 151 BIAS OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 148 TABLE 152 BIAS OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 149 TABLE 153 BIAS OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 149 TABLE 154 BIAS OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 149 10.4 SOLID TIRES 150 10.4.1 INCREASED APPLICATION OF INDUSTRIAL EQUIPMENT DRIVE DEMAND FOR SOLID TIRES 150 TABLE 155 SOLID OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 150 TABLE 156 SOLID OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 150 TABLE 157 SOLID OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 150 TABLE 158 SOLID OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 151 11 OTR TIRES MARKET, BY RIM SIZE 152 The market size and forecast of each rim size is further segmented into regions – Asia Pacific, Europe, North America and ROW 11.1 INTRODUCTION 153 FIGURE 35 OTR TIRES MARKET, BY RIM SIZE, 2021—2026 (USD THOUSAND) 153 11.1.1 RESEARCH METHODOLOGY 154 11.1.2 ASSUMPTIONS 154 11.1.3 INDUSTRY INSIGHTS 154 TABLE 159 OTR TIRES MARKET, BY RIM SIZE, 2018–2020 (UNITS) 155 TABLE 160 OTR TIRES MARKET, BY RIM SIZE, 2021–2026 (UNITS) 155 TABLE 161 OTR TIRES MARKET, BY RIM SIZE, 2018–2020 (USD THOUSAND) 155 TABLE 162 OTR TIRES MARKET, BY RIM SIZE, 2021–2026 (USD THOUSAND) 155 11.2 UP TO 30 INCHES 156 11.2.1 INCREASED DEMAND FOR CONSTRUCTION, INDUSTRIAL, AND AGRICULTURAL EQUIPMENT WILL DRIVE DEMAND FOR TIRES WITH THIS RIM SIZE 156 TABLE 163 UP TO 30 INCHES: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 156 TABLE 164 UP TO 30 INCHES: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 156 TABLE 165 UP TO 30 INCHES: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 156 TABLE 166 UP TO 30 INCHES: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 157 11.3 30–50 INCHES 157 11.3.1 THE SEGMENT IS DOMINATED BY WHEELED LOADERS 157 TABLE 167 30 – 50 INCHES: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 157 TABLE 168 30–50 INCHES: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 158 TABLE 169 30–50 INCHES: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 158 TABLE 170 30–50 INCHES: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 158 11.4 ABOVE 50 INCHES 159 11.4.1 THESE TIRES ARE MOSTLY USED IN RIGID DUMP TRUCKS 159 TABLE 171 ABOVE 50 INCHES: OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 159 TABLE 172 ABOVE 50 INCHES: OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 159 TABLE 173 ABOVE 50 INCHES: OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 159 TABLE 174 ABOVE 50 INCHES: OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 160 12 OTR TIRES RETREADING MARKET, BY PROCESS 161 The market size and forecast of each process is further segmented into regions – Asia Pacific, Europe, North America and ROW 12.1 INTRODUCTION 162 TABLE 175 PRE- VS MOLD CURE TIRES 162 FIGURE 36 OTR TIRES RETREADING MARKET, BY PROCESS, 2021 VS. 2026 (USD THOUSAND) 163 12.1.1 RESEARCH METHODOLOGY 163 12.1.2 ASSUMPTIONS 163 12.1.3 INDUSTRY INSIGHTS 164 TABLE 176 OTR TIRES RETREADING MARKET, BY PROCESS, 2018–2020 (UNITS) 164 TABLE 177 OTR TIRES RETREADING MARKET, BY PROCESS, 2021–2026 (UNITS) 164 TABLE 178 OTR TIRES RETREADING MARKET, BY PROCESS, 2018–2020 (USD THOUSAND) 164 TABLE 179 OTR TIRES RETREADING MARKET, BY PROCESS, 2021–2026 (USD THOUSAND) 164 FIGURE 37 PRE-CURE VS. MOLD CURE OTR RETREADING PROCESS 165 12.2 PRE-CURE 165 12.2.1 DEMAND FOR PRE-CURE TIRES IS LOWER AS THE PROCESS REQUIRES HIGHER REJECTION OF TIRES IN THIS PROCESS 165 TABLE 180 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (UNITS) 165 TABLE 181 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (UNITS) 166 TABLE 182 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (USD THOUSAND) 166 TABLE 183 PRE-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (USD THOUSAND) 166 12.3 MOLD CURE 167 12.3.1 HIGHER MILEAGE AND LONGER SHELF LIFE MAKE MOLD CURE A PREFERABLE CHOICE 167 TABLE 184 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (UNITS) 167 TABLE 185 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (UNITS) 167 TABLE 186 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2018–2020 (USD THOUSAND) 167 TABLE 187 MOLD-CURE OTR TIRES RETREADING MARKET, BY REGION, 2021–2026 (USD THOUSAND) 168   13 OTR TIRES RETREADING MARKET, BY APPLICATION 169 The market size and forecast of each retreading application is further segmented into regions – Asia Pacific, Europe, North America and ROW 13.1 INTRODUCTION 170 FIGURE 38 OTR TIRES RETREADING MARKET, BY APPLICATION, 2021 VS. 2026 (USD THOUSAND) 170 13.1.1 RESEARCH METHODOLOGY 171 13.1.2 ASSUMPTIONS 171 13.1.3 INDUSTRY INSIGHTS 171 TABLE 188 OTR TIRES RETREADING MARKET, BY APPLICATION, 2018–2020 (UNITS) 172 TABLE 189 OTR TIRES RETREADING MARKET, BY APPLICATION, 2021–2026 (UNITS) 172 TABLE 190 OTR TIRES RETREADING MARKET, BY APPLICATION, 2018–2020 (USD THOUSAND) 172 TABLE 191 OTR TIRES RETREADING MARKET, BY APPLICATION, 2021–2026 (USD THOUSAND) 172 13.2 CONSTRUCTION AND MINING EQUIPMENT 173 13.2.1 STEADY GROWTH IN EQUIPMENT PARC AND WORK HOURS WOULD DRIVE DEMAND FOR RETREADING TIRES IN THIS SEGMENT 173 TABLE 192 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2018–2020 (UNITS) 173 TABLE 193 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2021–2026 (UNITS) 173 TABLE 194 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2018–2020 (USD THOUSAND) 174 TABLE 195 OTR TIRES RETREADING MARKET FOR CONSTRUCTION AND MINING, BY REGION, 2021–2026 (USD THOUSAND) 174 13.3 AGRICULTURE TRACTORS 174 13.3.1 GROWTH IN TRACTOR FLEET PROJECTED TO FUEL DEMAND FOR RETREADED TIRES 174 TABLE 196 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (UNITS) 175 TABLE 197 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (UNITS) 175 TABLE 198 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (USD THOUSAND) 175 TABLE 199 OTR TIRES RETREADING MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (USD THOUSAND) 176 14 OTR TIRES MARKET, BY APPLICATION 177 The market size and forecast of each industry application is further segmented into regions – Asia Pacific, Europe, North America and ROW 14.1 INTRODUCTION 178 FIGURE 39 OTR TIRES MARKET, BY APPLICATION, 2021—2026 (USD THOUSAND) 178 14.1.1 RESEARCH METHODOLOGY 179 14.1.2 ASSUMPTIONS 179 TABLE 200 OTR TIRES MARKET, BY APPLICATION, 2018–2020 (UNITS) 179 TABLE 201 OTR TIRES MARKET, BY APPLICATION, 2021–2026 (UNITS) 180 TABLE 202 OTR TIRES MARKET, BY APPLICATION, 2018–2020 (USD THOUSAND) 180 TABLE 203 OTR TIRES MARKET, BY APPLICATION, 2021–2026 (USD THOUSAND) 180 14.2 CONSTRUCTION AND MINING EQUIPMENT 181 14.2.1 GROWTH IN INFRASTRUCTURAL DEVELOPMENT AND MINING ACTIVITIES WOULD DRIVE DEMAND FOR OTR TIRES IN CONSTRUCTION AND MINING EQUIPMENT 181 TABLE 204 OTR TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION, 2018–2020 (UNITS) 181 TABLE 205 OTR TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION, 2021–2026 (UNITS) 181 TABLE 206 OTR TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT, BY REGION, 2018–2020 (USD THOUSAND) 182 TABLE 207 OTR TIRES MARKET FOR CONSTRUCTION AND MINING EQUIPMENT: BY REGION, 2021–2026 (USD THOUSAND) 182 14.3 AGRICULTURE TRACTORS 183 14.3.1 GROWING DEMAND FOR AGRICULTURAL MECHANIZATION DUE TO IMPROVED PRODUCTIVITY EXPECTED TO DRIVE DEMAND FOR OTR TIRES IN THIS SEGMENT 183 TABLE 208 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (UNITS) 183 TABLE 209 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (UNITS) 183 TABLE 210 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2018–2020 (USD THOUSAND) 183 TABLE 211 OTR TIRES MARKET FOR AGRICULTURE TRACTORS, BY REGION, 2021–2026 (USD THOUSAND) 184 14.4 INDUSTRIAL EQUIPMENT 184 14.4.1 INCREASED LABOR COSTS AND IMPROVED EFFICIENCY OF MACHINES WOULD DRIVE DEMAND FOR OTR TIRES IN THIS SEGMENT 184 TABLE 212 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2018–2020 (UNITS) 184 TABLE 213 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2021–2026 (UNITS) 185 TABLE 214 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2018–2020 (USD THOUSAND) 185 TABLE 215 OTR TIRES MARKET FOR INDUSTRIAL EQUIPMENT, BY REGION, 2021–2026 (USD THOUSAND) 185 15 OTR TIRE MARKET, BY REGION 186 The market size and forecast of each country is further segmented into equipment – Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavators, Crawler Loader, Mini Excavator, Motor Graders, Rigid Dump Trucks, RTLT-Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loaders, Agriculture Tractors, and Others 15.1 INTRODUCTION 187 FIGURE 40 OTR TIRES MARKET, BY REGION, 2021 VS. 2026 (USD THOUSAND) 187 15.1.1 RESEARCH METHODOLOGY 188 TABLE 216 OTR TIRES MARKET, BY REGION, 2018–2020 (UNITS) 188 TABLE 217 OTR TIRES MARKET, BY REGION, 2021–2026 (UNITS) 188 TABLE 218 OTR TIRES MARKET, BY REGION, 2018–2020 (USD THOUSAND) 189 TABLE 219 OTR TIRES MARKET, BY REGION, 2021–2026 (USD THOUSAND) 189