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Heavy-Duty OTR Tire Manufacturing - Industry Market Research Report

  • June 2016
  • 36 pages
  • Ibisworld
Report ID: 761885

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Rolling along: Global demand and improved downstream markets will bolster revenue



Abstract

Heavy-Duty OTR Tire Manufacturing

The Heavy-Duty OTR Tire Manufacturing industry has had to contend with tough operating conditions over the past five years. A rising trade-weighted index has weighed down heavily on industry exports. Additionally, while imports' share of domestic demand is expected to fall in 2016, the ratio had grown gradually until 2015. Furthermore, large declines in the price of rubber over the past five years has also resulted in a decline in prices, which has reduced the revenue generated by industry operators. The next five years are set to be full of green lights for the industry. The US economy will gain strength, driving demand from original equipment manufacturers (OEMs) and for replacement off-the-road (OTR) tires. Additionally, stronger construction activity will encourage companies to invest in new machinery and equipment and OTR tires.


This industry manufactures heavy-duty, off-the-road (OTR), industrial, construction, agricultural and mining vehicle tires. These tires are installed on earthmoving trucks (e.g. dump trucks and coal haulers), loaders and bulldozers, graders, cranes, log-skidders, combine harvesters and other OTR vehicles.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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