The Middle East & Africa OTR Tyre Market Key Players Outlook, Latest Trends and Forecast up to 2026

OTR or Off-The-road tire is built to handle the extreme weight and roll through the condition. OTR tire commonly consists of deep and thick thread. The OTR tire is a combination of products that are manufactured from rubber, steel, and other synthetic or textile reinforcements. These tires are widely used in construction and mining to take the massive load on unpaved conditions such as dirt, mud, sand, or gravel. Two types of OTR tires are available in the market; Bias and radical tires.

The major factors that are fueling the growth of the Middle East and Africa (MEA) OTR Tire market are increasing construction, mining, and industrial sector, especially in Saudi Arabia, U.A.E., Qatar, and Turkey. In addition, growing infrastructural development in this region to diversify the economy coupled with rising government spending on non-oil sectors increases the demand of the OTR tire in the MEA region during the forecast period. However, lack of construction projects in the MEA region, except the UAE, Saudi Arabia, and Qatar, are restraining the market growth of the OTR tire in the Middle East and Africa.

By tire types, the radical tire is anticipated to lead the Middle East, and Africa OTR Tire market growth due to it provides more flexibility, performance, and durability as compared to bias tire. Radical tire meets the demand of growing preference for a smoother ride and increased traction in the rough unpaved surface, which further increases the growth of radical tire in the Middle East and Africa market. In addition, it attributed majorly to its comparative operational cost advantages as it improves the equipment’s fuel efficiency.

In terms of application, construction segment is expected to hold largest market share in Middle East and Africa OTR Tire market due to presence of countries like UAE, Saudi Arabia, South Africa where, a large number of construction project are going on which increase the demand of heavy vehicle, which further increase the demand of OTR tire in MEA region. In addition, OTR tire offers flexibility, smoother ride and provide control in high speed in construction sites which increases the efficiency and productivity, which also increase the demand of OTR tire for construction application.

Based on countries, UAE, and Saudi Arabia is expected to lead the market in term of share due to increasing government initiative in development of smart cities such as Smart Dubai and Saudi Arabia NEOM which increases the demand for OTR tire in heavy vehicle such as crane, dump truck, and loader to handle heavyweight in rough surface.

Various notable players in the OTR tire market include Bridgestone Middle East & Africa FZE, Promoteon Tire Group S.R.L, Triangle Tire Co. Ltd., Petlas Lastik San. Tic. Inc, MRF Limited, The Goodyear Tire & Rubber Co., Balkrishna Industries Limited, Yokohama Rubber Company, JK Tires and Industries, Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) and among others.

Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive.
• In Apr 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation in EMEA, announced acquisition of TomTom Telematics, a digital fleet solution provider company in Europe. The Bridgestone acquired TomTom Telematics for USD 910 million. This acquisition will help to build fleet operation more effectivity and efficiently and also strengthen the footprint of the company in a mobility solution.

• In Nov 2018, Prometeon Tyre Group, a manufacturer of Pirelli-branded truck, bus, agro, and OTR tires, announced to invest USD 115 million in their İzmit, Turkey located factory to implement advanced technology and to enhance production capacity.

The Middle East & Africa OTR Tyre market has been segmented based on tire type, vehicle type, application, and Countries. Based on the tire type market is categorized into radical and bias. Based on the vehicle type market is segmented into the loader, dump truck, excavator, grader, cranes, and others. Based on the sales channel, the market is segmented into mining, construction, industrial, and others.

Key questions answered in this research report:
• At what pace is the Middle East & Africa OTR Tyre market growing? What will be a growing trend in the future?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Middle East & Africa OTR Tyre market?
• What are the various application areas, and how they are poised to grow?

Market Segmentation
By Tire Type
• Radical
• Bias

By Vehicle Type
• Loader
• Dump Truck
• Excavator
• Grader
• Cranes
• Others

By Application
• Mining
• Construction
• Industrial
• Others

By Countries
• UAE
• Saudi Arabia
• South Africa
• Egypt
• Rest of MEA

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