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, which measures the strength of the US dollar relative to its trading partners, has weighed down heavily on industry exports. Furthermore, large declines in the price of rubber over the past five years have also resulted in a decline in prices, which has reduced the revenue generated by industry operators. Thus, industry revenue is expected to fall over the five years to 2017. 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. As a result of these trends, revenue is set to grow over the five years to 2022.
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.