According to recent findings, the  Africa Off the Road (OTR) Market is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-29..

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Africa Off the Road (OTR) Tire Overview:

The market growth is accredited to the rising inclination towards increasing government investment in the development of urban areas & surging infrastructure development activities in the region, which require heavy machines in the construction process. The growing demand for OTR tires in the mining, construction, and agriculture sectors augmented government subsidies for farm equipment, and heightened investments in new radial tire manufacturing facilities are the key factors positively influencing the industry's growth prospects during the forecast period.

Furthermore, the construction of highway projects in regions like the Western Cape, Limpopo, and the Eastern Cape is driving the expansion of the Off the Road (OTR) Tire Market. This growth is primarily attributed to the substantial demand for heavy vehicles in the construction sector, which, in turn, leads to inflated requirements for new or replacement tires. Additionally, the surge in both international & domestic tourism has spurred the development of hotels in the region.

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Africa Off the Road (OTR) Tire Outlook and Market Opportunity :

Renewable Energy Projects to Create Profitable Prospects for OTR Tire Manufacturers in Africa – Africa's vast & diverse mineral resources, including precious metals, minerals, and ores, have resulted in thriving the mining sector. Hence, with the booming demand for heavy vehicles from the mining industry in Africa, the demand for Off the Road (OTR) tires is destined to drive.

In the pursuit of valuable resources, mining operations depend heavily on specialized equipment, such as colossal haul trucks, loaders, and excavators, equipped with OTR tires designed to withstand the harsh & challenging terrain of mining sites. Further, as the mining industry continues to expand due to the high investments by government & private companies for the exaction of miners, the demand for OTR tires is also predicted to experience a parallel surge in the years ahead.

Consequently, due to these growing investments in the country, the demand for OTR vehicles, such as excavators, graders, loaders, etc., has been consistent, which would eventually impact the demand graph for OTR tires in the forecast years.

Global Africa Off the Road (OTR) Tire Segmentation Analysis:

By Type of Equipment

• Earth Moving Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Excavator- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Grader-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Loader-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Bulldozer-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Road Roller-Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Material Handling Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Crane- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Forklifts- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Agriculture Equipment- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Tractor- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
  • Combines- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

By Type of Tire- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

• Radial - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Bias- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

By Demand Type

• OEM- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Aftermarket- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

According to reports, The Aftermarket segment has been experiencing a significant increase in demand over the past few years. The growth has been attributed to the rise in construction, mining, and agricultural activities across the country. 

By Application

• Construction -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
• Industrial -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
• Mining-Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
• Agriculture -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)
• Ports -Market Size & Forecast 2019-2029F, Unit Sold (Thousand)

By Rim Size

• 20”-25”- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• 26”-35”- - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• 36”-48” - Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Above 48”-  Market Size & Forecast 2019-2029F, Units Sold (Thousand)

By Season

• All Season- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Summer- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

By Price Category

• Budget- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Economy- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Premium- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

By Sales Channel

• Multi-brand & Exclusive Outlets- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Direct Sales- Market Size & Forecast 2019-2029F, Units Sold (Thousand)
• Online- Market Size & Forecast 2019-2029F, Units Sold (Thousand)

According to reports, The availability of Multiple Brands with competitive pricing & hundreds of product portfolios to choose from in multi-brand outlets contributed to a significant share of the segment in the Africa OTR Tire Market.

By Country

• South Africa
• Nigeria
• Kenya
• Algeria
• Morocco
• Rest of Africa.

According to reports, South Africa features among the largest mineral producers across the globe.

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Some of the Market players in the Global Africa Off the Road (OTR) Tire are:

• Continental
• Michelin
• Bridgestone Corporation
• The Yokohama Rubber Co., Ltd
• Sumitomo Rubber Industries, Ltd
• Toyo Tire & Rubber Company
• Triangle Tyre Co. Ltd
• CEAT Limited
• BKT
• Hangzhou Zhongce Rubber Co. Ltd.
• Others.

Africa Off the Road (OTR) Tire Recent Development:

• 2022: Bridgestone Southern Africa (BSAF) announced to acquire OTRACO Southern Africa, Off the Road (OTR) tire management solutions. This acquisition would accelerate the growth of BSAF’s mining solutions business & expand the company’s service network.

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