Transportation Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Heavy-Duty Off-the-Road (OTR) Tires
Overview
Market size
$32.5B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
5
tracked players
Signals
12
2 high severity
Market outlook
2031$41.9B
What changed
Demand by region
Asia Pacific demand45%
North America demand25%
Europe demand15%
Latin America demand10%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Natural Rubber Elastomers35%
Synthetic Rubber and Carbon Black25%
Manufacturing Energy and Utilities15%
Labor and Conversion Costs15%
Logistics and Freight Freight10%
share of delivered cost (analyst estimate)