The GCC Off the Road (OTR) Tire Market size is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024–30.                  

GCC Off the Road (OTR) Tire Market Driver:

Surging Residential & Commercial Infrastructure Projects to Augment OTR Tire Demand – Rapid urbanization and population expansion have increased demand for new housing, commercial spaces, and infrastructure development projects in the Gulf Cooperation Council (GCC) countries. Additionally, government efforts such as Saudi Vision 2030, UAE Vision 2021, and Qatar National Vision 2030, which prioritize infrastructure development, have resulted in a surge in construction projects across the region. For Instance,

·        In 2022, the Dubai Municipality announced the construction of a housing structure for about 8,000 people in the city under a project named Al Quoz Creative Zone.

With increased construction and infrastructure development activities, the need for construction vehicles such as road rollers, bulldozers, and other machinery that runs on OTR tires is surging significantly. Owing to the tough and rough terrain on these construction sites, the OTR tires suffer frequent wear and tear and exterior damage, necessitating tire changes. As a result, with the increase in construction, demand for OTR tire replacements increases, consequently boosting the revenue growth of the GCC Off the Road (OTR) Tire Market.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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GCC Off the Road (OTR) Tire Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Type of Equipment
  • Earth Moving Equipment – Market Size & Forecast, 2019-2030 (Thousands)
    • Excavator– Market Size & Forecast, 2019-2030 (Thousands)
    • Grader– Market Size & Forecast, 2019-2030 (Thousands)
    • Loader– Market Size & Forecast, 2019-2030 (Thousands)
    • Bulldozer– Market Size & Forecast, 2019-2030 (Thousands)
    • Road Roller– Market Size & Forecast, 2019-2030 (Thousands)
  • Material Handling Equipment– Market Size & Forecast, 2019-2030 (Thousands)
    • Forklifts– Market Size & Forecast, 2019-2030 (Thousands)
  • Agriculture Equipment
    • Tractor– Market Size & Forecast, 2019-2030 (Thousands)
    • Combines– Market Size & Forecast, 2019-2030 (Thousands)
    • Others (Harvester, etc.) – Market Size & Forecast, 2019-2030 (Thousands)
• By Type of Tire
  • Radial– Market Size & Forecast, 2019-2030 (Thousands)
  • Bias– Market Size & Forecast, 2019-2030 (Thousands)
• By Demand Type
  • OEMs– Market Size & Forecast, 2019-2030 (Thousands)
  • Aftermarket– Market Size & Forecast, 2019-2030 (Thousands)
• By Price Category
  • Budget– Market Size & Forecast, 2019-2030 (Thousands)
  • Premium– Market Size & Forecast, 2019-2030 (Thousands)
  • Economy– Market Size & Forecast, 2019-2030 (Thousands)
• By Tire Size
  • Tire Size 1– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 2– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 3– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 4– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 5– Market Size & Forecast, 2019-2030 (Thousands)
• By End Users
  • Construction– Market Size & Forecast, 2019-2030 (Thousands)
  • Industrial– Market Size & Forecast, 2019-2030 (Thousands)
  • Mining– Market Size & Forecast, 2019-2030 (Thousands)
  • Agriculture– Market Size & Forecast, 2019-2030 (Thousands)
  • Ports– Market Size & Forecast, 2019-2030 (Thousands)
• By Sales Channel
  • Direct Sales– Market Size & Forecast, 2019-2030 (Thousands)
  • Online– Market Size & Forecast, 2019-2030 (Thousands)
  • Multi Brand & Exclusive Outlets– Market Size & Forecast, 2019-2030 (Thousands)
• By Country
  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Pirelli Tyre S.p.A., Goodyear Middle East & Africa, Bridgestone MEA, Continental Middle East DMCC, Titan International Inc., Michelin, The Yokohama Rubber Co., Ltd., JK Tire & Industrial Ltd., Trelleborg, Triangle Group, Others

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