The Chile Off-the-Road (OTR) Tire Market size was valued at around USD 176 million in 2024 and is projected to reach USD 218 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.18% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Chile Off-the-Road (OTR) Tire Market Driver:
Increasing Construction Activities in the Country Fueling Market Demand – The country is recording a considerable rise in construction activities due to many new projects aligned in the coming years. The country is also working on replenishing its aged infrastructure, like roads, ports, bridges, and more, to ensure modern and safe infrastructure. The country has recorded various public and private investments in the construction of buildings, highways, railways, ports, and airports. For instance, in 2024, the Public Works Ministry planned to invest USD 16.6 billion in 43 concession projects in Chile over 5 years from 2024 to 2028. The initiation of these projects will make use of large construction vehicles such as earthmoving equipment, rollers, cranes, and more for longer durations.
The rugged terrain and long continuous usage necessitate the use of specialized OTR tires for heavy machinery and equipment, which maintain grip and balance and are suitable for the harsh surroundings of mining sites. Hence, the industry is anticipated to drive the growth of the OTR tire market in the forecasted period.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Chile Off-the-Road (OTR) Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type of Equipment
- Earth Moving Equipment- Market Size & Forecast 2020-2030, Thousand Units
- Excavator- Market Size & Forecast 2020-2030, Thousand Units
- Grader- Market Size & Forecast 2020-2030, Thousand Units
- Loader- Market Size & Forecast 2020-2030, Thousand Units
- Bulldozer- Market Size & Forecast 2020-2030, Thousand Units
- Road roller – Market Size & Forecast 2020-2030, Thousand Units
- Material Handling Equipment
- Crane- Market Size & Forecast 2020-2030, Thousand Units
- Forklifts- Market Size & Forecast 2020-2030, Thousand Units
- Agricultural Equipment
- Tractors- Market Size & Forecast 2020-2030, Thousand Units
- Combines- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
- Earth Moving Equipment- Market Size & Forecast 2020-2030, Thousand Units
- By Tire Size
- Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
- Tire Size 2- Market Size & Forecast 2020-2030, Thousand Units
- Tire Size 3- Market Size & Forecast 2020-2030, Thousand Units
- Tire Size 4- Market Size & Forecast 2020-2030, Thousand Units
- Tire Size 5- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
- By Demand Type
- OEM- Market Size & Forecast 2020-2030, Thousand Units
- Aftermarket- Market Size & Forecast 2020-2030, Thousand Units
- By Type of Tire
- Radial- Market Size & Forecast 2020-2030, Thousand Units
- Bias- Market Size & Forecast 2020-2030, Thousand Units
- By Sales Channel
- Exclusive Stores- Market Size & Forecast 2020-2030, Thousand Units
- Authorised Dealers or Distributors- Market Size & Forecast 2020-2030, Thousand Units
- Online- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
- By Price Category
- Budget (Up to USD 400)- Market Size & Forecast 2020-2030, Thousand Units
- Economy (USD 401 – USD 1,500)- Market Size & Forecast 2020- 2030, Thousand Units
- Premium (Above USD 1,500)- Market Size & Forecast 2020- 2030, Thousand Units
- By End-Users
- Construction- Market Size & Forecast 2020-2030, Thousand Units
- Industrial- Market Size & Forecast 2020-2030, Thousand Units
- Mining- Market Size & Forecast 2020-2030, Thousand Units
- Agriculture- Market Size & Forecast 2020-2030, Thousand Units
- Ports- Market Size & Forecast 2020-2030, Thousand Units
- By Region
- Northern Chile
- Central Chile
- Southern Chile
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Continental, Yokohama, Bridgestone, Michelin, Pirelli, Triangle Tires, Maxxis Chile, Double Coin, Trelleborg, CST, and Others. are looking forward to strengthening their market positions.
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