As per MarkNtel Advisors the Mexico Off-the-Road Tire Market size was valued at around USD 0.90 billion in 2024 and is projected to reach USD 1.31 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.01% during the forecast period, i.e., 2025-30.

Mexico Off-the-Road Tire Market Systems Market Analysis:

Factors such as frequent technological advancements, growth in logistics and port infrastructure expansion, and development in the construction sector have impacted the growth of the off-the-road tire market positively. The agricultural sector of the country also boosts the growth of the market, owing to the considerable need for Off-the-road tires in agricultural equipment and vehicles.

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Mexico Off-the-Road Tire Market Systems Market Segmentation:

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

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

By Demand Type

• OEMs- 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 (Upto USD 400)- Market Size & Forecast 2020-2030, Thousand Units
• Economy (USD 401- 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

Mexico Off-the-Road Tire Market Recent Development:

July 2024: OTR Wheel Engineering, Inc. completed the construction of the new facility in Apodaca, Mexico, strategically selected to supply OEM customers with products and services such as tire mounting, sequencing, just-in-time supply, and warehousing on a local basis.

February 2024: YOKOHAMA announced that it purchased the Off-the-Road tyre (hereafter OTR) business of The Goodyear Tire & Rubber Company.

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Mexico Off-the-Road Tire Market Drivers:

Increasing Construction Activities Fueling the Demand for Off-the-Road Tires – The country is recording a considerable rise in construction activities due to many new projects aligned in the coming years. Increasing construction activities mean the accelerated number of deployments of construction vehicles such as dumpers, earthmoving equipment, excavators, and others with OTR tires fixed on them.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Mexico Off-the-Road Tire Market are:

• Pirelli & C. S.p.A.
• Continental
• Yokohama Tire
• Michelin
• Bridgestone Americas
• Zhongce Rubber Group Co., Ltd.
• Triangle Tire Co., Ltd.
• Goodyear
• CST
• Double Coin
• Others

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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About us:

MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.

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