The Report Cube which is one of the leading market research company in UAE expects the Off-Highway Wheel Market  to grow at a CAGR of around 6.92% through 2032, as highlighted in their latest research report. The study provides an in-depth analysis of the emerging trends shaping the Off-Highway Wheel Market and offers detailed forecasts for its potential growth during 2023–2032. The report also presents a comprehensive assessment of the competitive landscape, including profiles of leading players, their performance metrics, and recent strategic developments. Additionally, it explores the key market drivers, challenges, opportunities, and provides insights into historical and future revenue trends at the global, regional, and country levels.

Off-Highway Wheel Market Overview:

Market Size (2023): USD 1.78 Billion
Market Size (2032): USD 2.66 Billion
CAGR (2023–2032): 6.92%
Top Companies in Off-Highway Wheel Market: Michelin, Bridgestone Corporation, Goodyear Tire & Rubber Company, Continental AG, Yokohama Rubber Company, Titan International, Inc., BKT (Balkrishna Industries Limited), Sumitomo Rubber Industries Ltd., Cheng Shin Rubber Industry Co. Ltd., Trelleborg AB, and Others.

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Off-Highway Wheel Market Upgrades & Recent Developments

2025:

• Michelin introduced its new-generation MICHELIN XTRA LOAD GRIP tire for articulated dump trucks, tailored to deliver high traction & productivity while maximizing load-carrying capacity & safety under extreme conditions.
• Titan International, Inc. launched a new range of LSW (Low Sidewall) tires, enhancing stability & reducing road lope in large tractors & combines, supporting technological developments in agriculture & construction applications.

Key Growth Drivers of the Off-Highway Wheel Market:

• Driver: Increasing Demand for Construction Equipment to Elevate the Growth Graph

The increasing requirement for construction equipment, which is being driven by substantial investments in infrastructure projects globally, is a primary factor infusing the Off-Highway Wheel Market. Also, the demand for high-performance construction vehicles is rising as a result of urbanization, industrialization, and governmental programs like India's Smart Cities Mission and China's Belt and Road Initiative.

Additionally, the market demand is expanding due to these vehicles' requirement for strong, long-lasting wheels that can handle rough terrain. Further, there is a greater necessity for technological advancements in wheel design & materials that guarantee elevated fuel economy & longer life cycles, hence instigating the market share.

Off-Highway Wheel Market Segmentation

The South America Off-the-Road (OTR) Tire Market is segmented based on rim size, vehicle type, tire type, tire size, application, and region. By rim size, the market includes tires below 29 inches, 29–45 inches, and above 45 inches, catering to diverse heavy-duty vehicles. Based on vehicle type, the market serves mining, construction, industrial, and agricultural vehicles. In terms of tire type, radial, bias, and solid tires are used depending on performance needs and terrain conditions. By application, demand arises from sectors such as construction, mining, agriculture, forestry, and port handling. Regionally, the market spans North America, South America, Europe, the Middle East & Africa, and Asia-Pacific, reflecting broad industrial utilization across varied geographies.

Market Share, By Rim Size

• Below 29 inches
• 29–45 inches
• Above 45 inches

Market Share, By Vehicle Type

• Mining Vehicles
• Construction & Industrial Vehicles
• Agricultural Vehicles
• Others

Market Share, By Tire Type

• Radial Tires
• Bias Tires
• Solid Tires

Market Share, By Tire Size

• Less than 20"
• 21" to 30"
• 31" to 40"
• 41" to 50"
• 51" to 60"
• More than 61”

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Market Share, By Application

• Construction and Earthmoving
• Mining and Quarrying
• Agriculture and Farming
• Forestry and Logging
• Industrial and Port Handling

Market Share, By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Note:
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