Rolling along: Global demand and improved downstream markets will bolster revenue

IBISWorld’s Heavy-Duty OTR Tire Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Threats & Opportunities

  • Downstream and export markets will surge ahead, driving demand for industry products
  • In response to rising commodity prices, many major players have increased prices substantially
  • Improving economic conditions and rising farm incomes will generate moderate demand for OTR tires

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    Industry Analysis & Industry Trends

    The Heavy-Duty OTR Tire Manufacturing industry has had to contend with tough operating conditions over the past five years. A rising trade-weighted index has weighed down heavily on industry exports. Additionally, while imports' share of domestic demand is expected to fall in 2016, the ratio had grown gradually until 2015. Furthermore, large declines in the price of rubber over the past five years has also resulted in a decline in prices, which has reduced the revenue generated by industry operators. The next five years are set to be full of green lights for the industry. The US economy will gain strength, driving demand from original equipment manufacturers (OEMs) and for replacement off-the-road (OTR) tires...

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    Industry Report - Starting a New Business Chapter

    The Heavy-Duty OTR Tire Manufacturing industry's barriers to entry are high, primarily because of the heavy concentration among major players. The top four industry participants account for more than 45.0% of total revenue, highlighting their dominance of the market. Because consumer tire manufacturers can expand their operations into OTR tire manufacturing more easily than new entrants, their stronghold on the industry is inevitable. Initial investments can also act as a barrier to entry because setting up OTR tire manufacturing facilities is costly.

    Input costs can also act as a barrier to entry. Natural and synthetic rubber account for the largest purchasing expenses for OTR tire manufacturers. Wit..

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    Additional Insights for the Heavy-Duty OTR Tire Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heavy-Duty OTR Tire Manufacturing Industry are

  • Managing raw material costs
  • Using existing plant capacities
  • Output is sold under contract - incorporate long-term sales contracts
  • IBISWorld analysts also discuss how external factors such as World price of rubber and Demand from construction in the Heavy-Duty OTR Tire Manufacturing industry impact industry performance..

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    Industry Products

    What is the Heavy-Duty OTR Tire Manufacturing Industry?

    This industry manufactures heavy-duty, off-the-road (OTR), industrial, construction, agricultural and mining vehicle tires. These tires are installed on earthmoving trucks (e.g. dump trucks and coal haulers), loaders and bulldozers, graders, cranes, log-skidders, combine harvesters and other OTR vehicles.

    Industry Products
    Small OTR tires
    Large OTR tires
    Giant OTR tires
    Repair materials and services
    Industry Activities
    Off the road (OTR) tire
    Off the road (OTR) tire research and development

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of rubber
  • Demand from construction
  • Trade-weighted index
  • Demand from machinery manufacturing
  • Demand from agriculture, forestry, fishing and hunting
  • Demand from mining

  • Current Performance
  • Replacements needed
  • Upstream volatility
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Research and development
  • Upstream volatility
  • Trade balances
  • Table: Heavy-Duty OTR Tire Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heavy-Duty OTR Tire Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Tractors & Agricultural Machinery Manufacturing
  • Construction Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing

  • Key Selling Industries
  • Plastics & Rubber Machinery Manufacturing
  • Tire Manufacturing

  • Products & Services
  • Small OTR tires
  • Large OTR tires
  • Giant OTR tires
  • Repair materials and services
  • Chart: Heavy-Duty OTR Tire Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction sector
  • Mining sector
  • Agriculture sector
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Heavy-Duty OTR Tire Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Heavy-Duty OTR Tire Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy-Duty OTR Tire Manufacturing Industry

  • Industry Globalization
    Major Companies
    Bridgestone CorporationGoodyearTitan InternationalCompagnie Generale des Etablissements Michelin
  • Table: Bridgestone Corporation - financial performance
  • Table: Goodyear - financial performance
  • Table: Titan International - financial performance
  • Table: Compagnie Generale des Etablissements Michelin - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Heavy-Duty OTR Tire Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Heavy-Duty OTR Tire Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Domestic tire shipments (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A type of tire with plies laid out in alternating directions, forming a crisscross pattern, in angles of about 30 to 40 degrees to the center of the tire.
  • Grader
  • A wheeled vehicle used for leveling ground.
  • Haul Truck
  • Off-highway dump trucks specifically engineered for use on construction, mining and other heavy-duty sites.
  • Oem
  • Original equipment manufacturers are manufacturers that sell another company's products under their own brand name.
  • Radial
  • A type of tire with plies running perpendicular across the crown of the tire.
  • Sidewall
  • The side of a tire, which is typically not treaded.
  • Tread
  • The rubber on a tire's circumference that makes contact with the earth.
  • Why buy this report?

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    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Heavy-Duty OTR Tire Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Heavy-Duty OTR Tire Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Heavy-Duty OTR Tire Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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