Heavy-Duty OTR Tire Manufacturing - Industry Market Research Report

Heavy-Duty OTR Tire Manufacturing - Industry Market Research Report

  • August 2020 •
  • 48 pages •
  • Report ID: 5103481 •
  • Format: PDF
Rolling along: Revenue will likely be bolstered by global demand and improved downstream markets

Abstract

Heavy-Duty OTR Tire Manufacturing
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 heavily on industry exports. Furthermore, large declines in the price of rubber over the past five years have resulted in a decline in prices, reducing the revenue generated by industry operators. Thus, industry revenue is expected to fall over the five years to 2018. The next five years are set to limit the pain for the industry. The US economy will gain strength, driving demand from original equipment manufacturers (OEMs) and for replacement off-the-road (OTR) tires. As a result of these trends, revenue is set to decline at a marginal rate over the five years to 2023.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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