South Africa Off-the-Road Tire Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 6.43% from 2023 to 2033
• The South Africa Off-the-Road Tire Market Size is Expected to Hold a Significant Share by 2033  

The South Africa Off-the-Road Tire Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 6.43% from 2023 to 2033.

Market Overview

Off-the-road tires are a type of tire that causes more treading on unpaved surfaces such as gravel or sand, mud, or loose dirt with deep tread. Off-the-road tires can be defined as large-sized, heavy-duty tires specially manufactured for surface usage other than on pavement. They commonly go to the heavy machines used in earthmoving, construction equipment, agricultural machines, and mining vehicles. They are deep-treaded with strong sidewalls and can stand against any kind of rough terrain, jagged rocks, and other challenging situations. These tires are designed in various sizes and styles to fit into a wide number of cars and applications. Off-road tires are very useful in construction, mining, agricultural, and other industrial sectors. Due to this reason, it can carry heavy equipment on machinery, so it is indispensable for the forestry, ports, material handling, and logistics industries. Mass manufacturing operations, infrastructure investments, and international trade have elevated demand for off-road tires.

Report Coverage

This research report categorizes the market for South Africa off-the-road tire market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Africa off-the-road tire market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Africa off-the-road tire market.

Driving Factors

Heavy-duty trucks are in very high demand since South Africa's expanding construction projects require the usage of stronger OTR tires for better grip, to apply extra weight and pressure, and to operate on rough grounds. Moreover, South Africa is one of the biggest mining countries. Besides, the South African government has heavily invested in strengthening mining operations. This, in turn, is likely to lead to increased demand for OTR tires in South Africa. Africa's rich and diverse mineral resources occurring in the form of ores, minerals, and precious metals have spawned a much more robust mining industry. This is why the demand for off-road (OTR) tires is likely to expand since there is increased demand for heavy vehicles from the African mining industry.

Restraining Factors

The cost and availability of various raw materials, such as rubber and crude oil, that are used in the production of OTR tires are highly affected by many changes in the environment as well as geopolitical unrest. As a result, the prices of the raw material are extremely volatile. This would, in turn, affect the operating margin of OTR tire manufacturers. Therefore, increasing volatility in the raw material may have an impact on the growth of the OTR tire market in South Africa.

Market Segmentation

The South Africa off-the-road tire market share is classified into tire type, vehicle type, and industry.

• The bias segment is expected to hold the largest market share through the forecast period.

The South Africa off-the-road tire market is segmented by tire type into bias, radial, and solid. Among these, the bias segment is expected to hold the largest market share through the forecast period. In the future, bias tires will be in huge demand, as they provide great working ability and cost-effectiveness. Bias tires are mainly chosen for certain applications where strength and resistance to cuts and punctures are necessary. The segment grows because bias tires, owing to their high structural strength, can perform better and last longer compared to radial tires off the road in construction yards, mines, and farms. Industries and applications where cost control is paramount find bias tires attractive as they are cheaper than radial tires.

• The loaders & dozers segment is expected to dominate the South Africa off-the-road tire market during the forecast period.       

Based on the vehicle type, the South Africa off-the-road tire market is divided into earthmovers, loaders & dozers, tractors, forklifts, and others. Among these, the loaders & dozers segment is expected to dominate the South Africa off-the-road tire market during the forecast period. Loaders and dozers are used extensively in extreme environments and on rugged terrain, such as landfills, quarries, mines, and construction sites. The OTR tires for loaders and dozers should be durable and aggressive in traction in hostile environments and hostile conditions.

• The agriculture segment is expected to hold the largest market share through the forecast period.

The South Africa off-the-road tire market is segmented by industry into construction, agriculture, mining, industrial, and port. Among these, the agriculture segment is expected to hold the largest market share through the forecast period. The agriculture sector is expected to remain the highest market contributor in the off-the-road tire market share until the end of the forecast period. Farmers and agro companies require tires that can withstand heavy loads, some rough terrains, and long hours of operation. The requirements from OTR tires that are specially designed for agriculture machinery, like tractors, combines, and harvesters, are high traction, stability, and durability to increase productivity and efficiency while performing planting, harvesting, and other activities. This will drive the demand for the segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Africa off-the-road tire market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Bridgestone Corporation
• Continental AG
• The Good Year Tire & Rubber Company
• Apollo Tyres Ltd.
• Pirelli & C S.p.A.
• Hankook Tire & Technology Co. Ltd.
• Auto & Truck Tyres Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Africa, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Africa off-the-road tire market based on the below-mentioned segments:

South Africa Off-the-Road Tire Market, By Tire Type

• Bias Tires
• Radial Tires
• Solid Tires

South Africa Off-the-Road Tire Market, By Vehicle Type

• Earthmovers
• Loaders & Dozers
• Tractors
• Forklift
• Others

South Africa Off-the-Road Tire Market, By Industry

• Construction
• Industrial
• Agriculture
• Mining
• Port