Brazil Off the Road (OTR) Tire Market Size, Share, & Report 2032

Brazil Off the Road (OTR) Tire Market

Source: The Report Cube

Study Period

2020- 2032

Market (2024)

USD 912.5 Million

Market (2032)

USD 979.4 Million

CAGR

2.1%

Major Markets Players

Pirelli , Goodyear Tire and Rubber Company , Bridgestone Corporation , Continental , Michelin Tyres and Others

Understand The Key Trends Shaping This Market

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Brazil Off the Road (OTR) Tire Market Insights & Analysis

The Brazil Off the Road (OTR) Tire Market reached a value of nearly USD 912.5 Million in 2024. The market is assessed to grow at a CAGR of around 2.1%, during the forecast period of 2025-2032 to attain a value of around USD 979.4 Million by 2032. The expansion of infrastructure projects countrywide was the key driver of the remarkable upscale in the Brazil OTR (Off-The-Road) Tire Market. OTR tires became more in demand owing to the Brazil's growing construction sector, which was supported by government investments in roads, highways, and infrastructure development. The need for OTR tires was also elevated by Brazil's thriving mining sector, which is among the biggest in the world. This is because heavy machinery utilized in mining operations requires tires that can handle rough terrain. Thus, the industry for OTR tires grew as a result of the nation's widespread agricultural sector, which needed sturdy tires for agricultural machines owing to surging farming mechanization.

Moreover, recreational activities, including off-road driving & adventure tourism saw an upsurge in customer expenditure during this time owing to Brazil's economic stability & snowballing disposable incomes. As off-road enthusiasts seek high-performance & long-lasting tires for their cars, the trend further elevated demand for OTR tires. In addition, OTR tire aftermarket sales were stimulated by fleet operators & commercial vehicle owners' augmented knowledge of the implication of tire replacement & maintenance. Government laws necessitating the usage of premium tires & adherence to safety standards also substantially influenced the dynamics of the Brazil OTR (Off-The-Road) Tire Market, pushing manufacturers to develop & offer cutting-edge tire solutions in order to meet the shifting demands of both industries & customers.

Furthermore, the Brazilian government has established initiatives, such as the Brazil Mining Plan 2050 to grow the mining sector in the area, which is enhancing mining activity & hovering demand for heavy-duty trucks in the country. As a result, the nation's progressing mining sector is driving up demand for durable & high-quality OTR tires for mining trucks & equipment, ultimately snowballing the size & volume of the Brazil OTR (Off-The-Road) Tire Market.

Brazil Off the Road (OTR) Tire Market Report and Forecast 2032

Brazil Off the Road (OTR) Tire Market Dynamics

Expanding Tourism & Travel Globally to Fuel Industry Growth

The market for OTR tires is considerably influenced by the mining industry. Mining operations deploy large haul trucks, loaders, excavators, and other heavy machinery that works in tough environments & on rough terrain. The harsh conditions found in mines, like rough surfaces, high temperatures, and big loads, are what these tires are made to endure. Also, the requirement for mining equipment & OTR tires surges as the world's longing for minerals & resources continues to upscale.

Furthermore, heavy equipment, such as tractors, combines, sprayers, and harvesters are vital to the agriculture sector since they can traverse a variety of terrains & do duties quickly. Also, the demand for food is escalating as a result of the mounting global population, and mechanization is becoming more & more significant in modern agricultural techniques to uplift efficiency & output. Therefore, the Brazil Off the Road (OTR) Tire Market & agricultural equipment would keep advancing.

Instable Prices of Raw Materials Obstruct Market Growth

Owing to supply chain interruptions & geopolitical tensions, the price fluctuation of raw materials including crude oil, rubber, etc., provide major challenges to the growth of the Off the Road (OTR) Tire Market. Moreover, events, like fluctuations in exchange rates, growing trade & tariff rates, tax laws, etc., have an impact on the general price of raw materials, which raises the cost of tires as well. Due to these variable costs, manufacturers must accept lower profit margins & market's overall progression. Nevertheless, the market for off-road (OTR) tires in Brazil is being inhibited by the unstable pricing, which are fueling up the production costs of OTR tires & making them challenging for budget-conscious customers to purchase.

Brazil Off the Road (OTR) Tire Market Segment-wise Analysis

By Vehicle Type:

Agriculture Vehicles
Construction & Industrial Vehicles
Mining Vehicles

In Brazil's OTR (off-the-road) Tire Market, the Mining Vehicles segment is the biggest vehicle type as it upholds the potential market share. Excavators, loaders, and dump trucks are just a few of the many heavy-duty vehicles deployed in mining operations that fall under this segment. Also, owing to its ample natural resources & sizable mining sector, the country has a high demand for OTR tires for mining vehicles. Moreover, the tires are crucial to the operations of the mining sector as they must be able to handle rough terrain & large loads. Therefore, the mining vehicle segment in Brazil's OTR Tire Market is foreseen to have an enormous influence in the future years.

By Tire Type

Radial
Bias
Solid

Radial tires, which are largely deployed in several varied industries & are renowned for their enhanced performance & longevity, control the Brazil Off the Road (OTR) Tire Market. They are admired by consumers because of their exceptional traction, resilience to damage, and capacity to function in challenging terrains. Furthermore, owing to the region's industrial landscape's liking for dependable, high-quality tire solutions, the radial segment accounts for a considerable share of the Brazil OTR Tire Market.

What Does Our Brazil Off the Road (OTR) Tire Market Research Study Entail?

Brazil Off the Road (OTR) Tire Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
Brazil Off the Road (OTR) Tire Market Research Report entails details about the most critical shifts in market share in the prominent regions.
Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

Introduction
1. Objective of the study
2. Product Definition
3. Market Segmentation
4. Study Variables
Research Methodology
1. Secondary Data Points
  1. Companies Interviewed
2. Primary Data Points
  1. Break Down of Primary Interviews
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Opportunity Assessment
Recent Trends and Developments
Policy and Regulatory Landscape
Brazil Off the Road (OTR) Tire Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Share, By Vehicle Type
  1. Agriculture Vehicles
  2. Construction & Industrial Vehicles
  3. Mining Vehicles
3. Market Share, By Tire Type
  1. Radial
  2. Bias
  3. Solid
4. Market Share, By End-Users
  1. Construction
  2. Industrial
  3. Mining
  4. Agriculture
  5. Ports
5. Market Share, By Price Category
  1. Budget
  2. Premium
  3. Economy
6. Market Share, By Sales Channel
  1. Direct Sales
  2. Online
  3. Multi Brand Stores
  4. Exclusive Outlets
7. Market Share, By Competitors
  1. Competition Characteristics
  2. Revenue Shares
Brazil Agriculture Vehicles Off the Road (OTR) Tire Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Tire Type- Market Size & Forecast 2019-2030, USD Million
3. By End-Users- Market Size & Forecast 2019-2030, USD Million
4. By Price Category- Market Size & Forecast 2019-2030, USD Million
Brazil Construction & Industrial Vehicles Off the Road (OTR) Tire Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Tire Type- Market Size & Forecast 2019-2030, USD Million
3. By End-Users- Market Size & Forecast 2019-2030, USD Million
4. By Price Category- Market Size & Forecast 2019-2030, USD Million
Brazil Mining Vehicles Off the Road (OTR) Tire Market Overview, 2020-2032F
1. By Value (USD Million)
2. By Tire Type- Market Size & Forecast 2019-2030, USD Million
3. By End-Users- Market Size & Forecast 2019-2030, USD Million
4. By Price Category- Market Size & Forecast 2019-2030, USD Million
Competitive Outlook (Company Profile - Partila List)
1. Pirelli
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
2. Goodyear Tire and Rubber Company
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
3. Bridgestone Corporation
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
4. Continental
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
5. Michelin Tyres
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
6. Triangle Group
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
7. Titan
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
8. Toyo Tire Corporation
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
9. Trelleborg
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
10. Kumho Tire
  1. Company Overview
  2. Business Segments
  3. Strategic Alliances/Partnerships
  4. Recent Developments
Contact Us & Disclaimer

List of Figure

Figure 1: Brazil Off the Road (OTR) Tire Market Size by Value (USD Billions), 2020-2032
Figure 2: Market Share by Vehicle Type in Brazil OTR Tire Market
Figure 3: Market Share of Agriculture Vehicles in Brazil OTR Tire Market
Figure 4: Market Share of Construction & Industrial Vehicles in Brazil OTR Tire Market
Figure 5: Market Share of Mining Vehicles in Brazil OTR Tire Market

Figure 6: Market Share by Tire Type in Brazil OTR Tire Market
Figure 7: Market Share of Radial Tires
Figure 8: Market Share of Bias Tires
Figure 9: Market Share of Solid Tires

Figure 10: Market Share by End-User in Brazil OTR Tire Market
Figure 11: Market Share of Construction End-Users
Figure 12: Market Share of Industrial End-Users
Figure 13: Market Share of Mining End-Users
Figure 14: Market Share of Agriculture End-Users
Figure 15: Market Share of Ports End-Users

Figure 16: Market Share by Price Category in Brazil OTR Tire Market
Figure 17: Market Share of Budget Tires
Figure 18: Market Share of Premium Tires
Figure 19: Market Share of Economy Tires

Figure 20: Market Share by Sales Channel in Brazil OTR Tire Market
Figure 21: Market Share of Direct Sales
Figure 22: Market Share of Online Sales
Figure 23: Market Share of Multi Brand Stores
Figure 24: Market Share of Exclusive Outlets

Figure 25: Market Share by Competitors in Brazil OTR Tire Market
Figure 26: Revenue Shares of Leading Competitors

Figure 27: Brazil Agriculture Vehicles OTR Tire Market Size by Value (USD Million), 2020-2032F
Figure 28: Agriculture Vehicles Market Size & Forecast by Tire Type, 2019-2030 (USD Million)
Figure 29: Agriculture Vehicles Market Size & Forecast by End-Users, 2019-2030 (USD Million)
Figure 30: Agriculture Vehicles Market Size & Forecast by Price Category, 2019-2030 (USD Million)

Figure 31: Brazil Construction & Industrial Vehicles OTR Tire Market Size by Value (USD Million), 2020-2032F
Figure 32: Construction & Industrial Vehicles Market Size & Forecast by Tire Type, 2019-2030 (USD Million)
Figure 33: Construction & Industrial Vehicles Market Size & Forecast by End-Users, 2019-2030 (USD Million)
Figure 34: Construction & Industrial Vehicles Market Size & Forecast by Price Category, 2019-2030 (USD Million)

Figure 35: Brazil Mining Vehicles OTR Tire Market Size by Value (USD Million), 2020-2032F
Figure 36: Mining Vehicles Market Size & Forecast by Tire Type, 2019-2030 (USD Million)
Figure 37: Mining Vehicles Market Size & Forecast by End-Users, 2019-2030 (USD Million)
Figure 38: Mining Vehicles Market Size & Forecast by Price Category, 2019-2030 (USD Million)

List of Table

Table 1: Objective of the Study
Table 2: Product Definition and Specifications
Table 3: Market Segmentation Overview
Table 4: Study Variables and Definitions
Table 5: Research Methodology Framework
Table 6: Secondary Data Sources and Points
Table 7: Companies Interviewed for Primary Research
Table 8: Primary Data Points Collected
Table 9: Breakdown of Primary Interviews by Stakeholder Type

Table 10: Market Drivers Affecting Brazil OTR Tire Market
Table 11: Key Challenges in Brazil OTR Tire Market
Table 12: Opportunity Assessment Summary
Table 13: Recent Trends and Developments in Brazil OTR Tire Market
Table 14: Policy and Regulatory Landscape Overview

Table 15: Brazil OTR Tire Market Size by Value (USD Billions), 2020-2032
Table 16: Market Share by Vehicle Type
Table 17: Market Share by Tire Type
Table 18: Market Share by End-Users
Table 19: Market Share by Price Category
Table 20: Market Share by Sales Channel
Table 21: Competitive Landscape Overview
Table 22: Revenue Shares of Key Competitors

Table 23: Brazil Agriculture Vehicles OTR Tire Market Overview (2020-2032F)
Table 24: Agriculture Vehicles Market Size & Forecast by Tire Type (2019-2030, USD Million)
Table 25: Agriculture Vehicles Market Size & Forecast by End-Users (2019-2030, USD Million)
Table 26: Agriculture Vehicles Market Size & Forecast by Price Category (2019-2030, USD Million)

Table 27: Brazil Construction & Industrial Vehicles OTR Tire Market Overview (2020-2032F)
Table 28: Construction & Industrial Vehicles Market Size & Forecast by Tire Type (2019-2030, USD Million)
Table 29: Construction & Industrial Vehicles Market Size & Forecast by End-Users (2019-2030, USD Million)
Table 30: Construction & Industrial Vehicles Market Size & Forecast by Price Category (2019-2030, USD Million)

Table 31: Brazil Mining Vehicles OTR Tire Market Overview (2020-2032F)
Table 32: Mining Vehicles Market Size & Forecast by Tire Type (2019-2030, USD Million)
Table 33: Mining Vehicles Market Size & Forecast by End-Users (2019-2030, USD Million)
Table 34: Mining Vehicles Market Size & Forecast by Price Category (2019-2030, USD Million)

Table 35: Company Profiles – Overview and Key Metrics
Table 36: Pirelli – Business Segments, Alliances, and Developments
Table 37: Goodyear Tire and Rubber Company – Business Segments, Alliances, and Developments
Table 38: Bridgestone Corporation – Business Segments, Alliances, and Developments
Table 39: Continental – Business Segments, Alliances, and Developments
Table 40: Michelin Tyres – Business Segments, Alliances, and Developments
Table 41: Triangle Group – Business Segments, Alliances, and Developments
Table 42: Titan – Business Segments, Alliances, and Developments
Table 43: Toyo Tire Corporation – Business Segments, Alliances, and Developments
Table 44: Trelleborg – Business Segments, Alliances, and Developments
Table 45: Kumho Tire – Business Segments, Alliances, and Developments

Top Key Players & Market Share Outlook

Pirelli
Goodyear Tire and Rubber Company
Bridgestone Corporation
Continental
Michelin Tyres
Triangle Group
Titan
Toyo Tire Corporation
Trelleborg
Kumho Tire

Frequently Asked Questions

A. The Brazil Off the Road (OTR) Tire Market is anticipated to witness a rise at a CAGR of around 2.1% during the forecast period, i.e., 2025-32.

A. The expanding tourism & travel globally to fuel the Brazil Off the Road (OTR) Tire Market through 2032.

A. The instable prices of raw materials obstruct the Brazil Off the Road (OTR) Tire Market.

A. The leading companies in the Brazil Off the Road (OTR) Tire Market are Pirelli, Goodyear Tire and Rubber Company, Bridgestone Corporation, Continental, Michelin Tyres, Triangle Group, Titan, Toyo Tire Corporation, Trelleborg, Kumho Tire, Others.