Rolling along: Revenue will be bolstered by global demand and improved downstream markets

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, which measures the strength of the US dollar relative to its trading partners, has weighed down heavily on industry exports. Furthermore, large declines in the price of rubber over the past five years have also resulted in a decline in prices, which has reduced the revenue generated by industry operators. Thus, industry revenue is expected to fall over the five years to 2017. 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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Industry margins have improved over the past five years due to falling raw material costs
  • Over the past five years, commodity prices have exhibited significant volatility
  • Improving economic conditions and rising farm incomes will generate demand for OTR tires
  • Industry Report - Industry Analysis Chapter

    The Heavy-Duty OTR Tire Manufacturing industry has experienced revenue declines over the past five years. Overall, industry revenue is expected to decrease at an annualized rate of 4.1% to $4.5 billion in the five years to 2017, despite a 1.0% rise in 2017 alone. Volatile conditions in downstream markets such as mining have had a negative influence on industry revenue over the past five years. However, declining input and energy prices have improved profit margins. Nonetheless, demand is expected to increase in 2017, as the mining and construction sectors are expected to improve, which should result in a marginal increase in the industry’s demand for labor...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • Downstream demand
  • Upstream volatility
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream growth
  • 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

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    Bridgestone Corporation, Compagnie Generale des Etablissements Michelin, Goodyear, Titan International,
  • Table: Bridgestone Corporation - financial performance
  • Table: Compagnie Generale des Etablissements Michelin - financial performance
  • Table: Goodyear - financial performance
  • Table: Titan International - financial performance

  • 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
    Table: Industry Data for the Heavy-Duty OTR Tire Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Domestic tire shipments (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Heavy-Duty OTR Tire Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
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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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