Brazil Off the Road Tire Market Trends: Detailed Insights on Size, Share, and Growth Projections for 2030

 

Market Overview: Brazil Off the Road Tire Market FY2024-2030

This reports provides an essential and dependable overview of the Brazil Off the Road Tire Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.



Brazil Off the Road Tire Market Report Coverage Details:

  • Base Year: 2023
  • Historical Data: 2019-22
  • Forecast Period: 2024-2030
  • CAGR: 1.08% (2024-2030)

The Brazil Off-the-Road (OTR) Tire Market size was valued at around USD 880.5 million in 2023 and is projected to reach about USD 949.4 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 1.08% during the forecast period, i.e., 2024-30.

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Brazil Off the Road Tire Market Driver:

Increasing Residential & Commercial Infrastructure Projects Propelling Market Growth – The increasing demand for housing and accommodation is augmenting the development of flats, housing homes, villas, etc., across urban areas. Similarly, the construction of numerous commercial spaces, which include offices, shopping malls, cafes, and many others, is surging extensively in the country because of the growing populace. Moreover, the growing government initiatives in the direction of infrastructure improvement are key to the development of schools, hospitals, and different recreational facilities in Brazil. For instance,

  • In 2023, the Brazilian government announced the launch of the Great Public Works Program for national development, with infrastructure projects in the main areas of the country such as transportation, urban development, social infrastructure, water, communications, and energy.

All these infrastructure and construction activities in the residential and commercial sectors are generating a tremendous demand for various construction machinery and equipment. Machines like road rollers, loading trucks, etc., rely on heavy and durable OTR tires for functioning, which ultimately gives rise to the OTR tire demand. Moreover, the urbanization trend in Brazil, driven by the growth of cities and the expansion of road and railway networks, upsurges the demand for OTR tires for trucks, excavators, and bulldozers engaged in road construction and maintenance activities, creating the demand for OTR tires and augmenting the growth & expansion of the Brazil OTR Tire Market.

Brazil Off the Road Tire Market Segmentation Analysis – FY2024-2030

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Brazil Off the Road Tire Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Brazil Off the Road Tire Market segmentation is enlisted below:

By Type of Equipment

  • Earth Moving Equipment- Market Size & Forecast 2019-2030F (Thousand Units)
  • Material Handling Equipment- Market Size & Forecast 2019-2030F (Thousand Units)
  • Agricultural Equipment- Market Size & Forecast 2019-2030F (Thousand Units)

By End-Users

  • Construction- Market Size & Forecast 2019-2030F (Thousand Units)
  • Industrial- Market Size & Forecast 2019-2030F (Thousand Units)
  • Mining- Market Size & Forecast 2019-2030F (Thousand Units)
  • Agriculture- Market Size & Forecast 2019-2030F (Thousand Units)
  • Ports- Market Size & Forecast 2019-2030F (Thousand Units)

By Type of Tire

  • Radial- Market Size & Forecast 2019-2030F (Thousand Units)
  • Bias- Market Size & Forecast 2019-2030F (Thousand Units)

By Demand Type

  • OEMs- Market Size & Forecast 2019-2030F (Thousand Units)
  • Aftermarket- Market Size & Forecast 2019-2030F (Thousand Units)

By Price Category

  • Budget- Market Size & Forecast 2019-2030F (Thousand Units)
  • Premium- Market Size & Forecast 2019-2030F (Thousand Units)
  • Economy- Market Size & Forecast 2019-2030F (Thousand Units)

By Sales Channel

  • Direct Sales- Market Size & Forecast 2019-2030F (Thousand Units)
  • Online- Market Size & Forecast 2019-2030F (Thousand Units)
  • Multi Brand Stores- Market Size & Forecast 2019-2030F (Thousand Units)
  • Exclusive Outlets- Market Size & Forecast 2019-2030F (Thousand Units)

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By Tire Size

  • Tire Size 1- Market Size & Forecast 2019-2030F (Thousand Units)
  • Tire Size 2- Market Size & Forecast 2019-2030F (Thousand Units)
  • Tire Size 3- Market Size & Forecast 2019-2030F (Thousand Units)
  • Tire Size 4-Market Size & Forecast 2019-2030F (Thousand Units)
  • Tire Size 5- Market Size & Forecast 2019-2030F (Thousand Units)

By Region

  • Northeast
  • South
  • Southeast
  • Central-West

Brazil Off the Road Tire Market Competitive Landscape

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

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Key Report Highlights   

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

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