MarkNtel Advisors Research Analyses that Nigeria Off the Road (OTR) Tire Market size is valued at around USD 70 million in 2024 and is projected to reach around USD 87 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.8% during the forecast period i.e., 2025-30.
Which are the top companies operating in the Nigeria Off the Road (OTR) Tire Market?
Pirelli, Michelin, Bridgestone, Continental, Goodyear, Zhongce Rubber, Triangle, Yokohama, BF Goodrich, Double Coin, and Others
Competitive Landscape and Nigeria Off the Road (OTR) Tire Market Share Analysis:
The competitive landscape of the Nigeria Off the Road (OTR) Tire market offers detailed insights by company. These insights include company overviews, financial performance, revenue specific to the Nigeria Off the Road (OTR) Tire market, segment market potential, R&D investments, new market strategies, global footprint, production sites and capacities, key strengths and weaknesses, product launches, product range and diversity, as well as dominant applications.
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Research Scope and Market Categories:
By Type of Vehicle
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- Earthmoving Equipment- Market Size & Forecast 2020-2030, Thousand Units
- Excavator- Market Size & Forecast 2020-2030, Thousand Units
- Loaders- Market Size & Forecast 2020-2030, Thousand Units
- Bulldozers- Market Size & Forecast 2020-2030, Thousand Units
- Graders- Market Size & Forecast 2020-2030, Thousand Units
- Road Roller- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
- Agricultural Equipment- Market Size & Forecast 2020-2030, Thousand Units
- Tractors- Market Size & Forecast 2020-2030, Thousand Units
- Combined Harvester- Market Size & Forecast 2020-2030, Thousand Units
- Farm Trucks- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
- Material Handling Equipment- Market Size & Forecast 2020-2030, Thousand Units
- Cranes- Market Size & Forecast 2020-2030, Thousand Units
- Forklifts- Market Size & Forecast 2020-2030, Thousand Units
- Others- Market Size & Forecast 2020-2030, Thousand Units
- Earthmoving Equipment- Market Size & Forecast 2020-2030, Thousand Units
By Tire Size
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- 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
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- OEM- Market Size & Forecast 2020-2030, Thousand Units
- Replacement- Market Size & Forecast 2020-2030, Thousand Units
By Type of Tire
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- Radial- Market Size & Forecast 2020-2030, Thousand Units
- Bias- Market Size & Forecast 2020-2030, Thousand Units
By Sales Channel
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- Exclusive Stores- Market Size & Forecast 2020-2030, Thousand Units
- Authorized 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
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- Budget (Upto USD500 per unit)- Market Size & Forecast 2020-2030, Thousand Units
- Economy (USD501 to 1,500 per unit)- Market Size & Forecast 2020-2030, Thousand Units
- Premium (Above USD1,500 per unit)- Market Size & Forecast 2020-2030, Thousand Units
Geographically, the report provides an in-depth analysis of consumption, revenue, market share, and growth rate—along with historical data and forecasts for the period 2025–2030 as detailed in the respective chapters.
By Region
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- North
- South
- East
- West
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Which are the driving factors of the Nigeria Off the Road (OTR) Tire Market?
Growth of Agricultural Activities and Mechanization – The agriculture sector is a major driver of the Nigeria Off the Road (OTR) Tire Market. Nigeria’s target is to reduce the dependency on imports of agricultural products, hence moving towards increasing agricultural productivity. The agriculture sector contributes approximately 22% of the total GDP of Nigeria growing by 1.13 %. This agricultural sector heavily relies on various vehicles and specialized OTR tires. The growing trend towards mechanization in Nigeria for farming purposes to enhance productivity and efficiency needs special vehicles. Vehicles that can operate in rugged terrains and under challenging conditions like Tractors, Harvesters, Plows, Cultivators, and Transport Trucks are required with specialized OTR tires. Specialized OTR tires will continue to be necessary to support the expansion and operational success of the agriculture industry.
Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Comprehensive Table of Contents Nigeria Off the Road (OTR) Tire Market Analysis and Forecast (2025-2030)
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Research Methodology
- Overview of Methodological Approaches
- Study Objectives
- Foundational Methodology
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- Scope Definition
- Key Assumptions and Limitations
- Forecasting Approach
- Macroeconomic Outlook
- Nigeria Off the Road (OTR) Tire Market Porters Five Forces Analysis
- Nigeria Off the Road (OTR) Tire Market Supply Chain Analysis
- Nigeria Off the Road (OTR) Tire Market Trends & Insights
- Nigeria Off the Road (OTR) Tire Market Dynamics
- Drivers
- Challenges
- Nigeria Off the Road (OTR) Tire Market Growth Opportunities & Hotspots
- Nigeria Off the Road (OTR) Tire Market Policy & Regulations
- Nigeria Off the Road (OTR) Tire Market Pricing Analysis
- Nigeria Off the Road (OTR) Tire Market Outlook, 2020-2030F
- Market Size & Outlook
- Revenues (USD Million)
- Units Sold
- Market Size & Outlook
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