Chile Off-the-Road (OTR) Tire Market Poised for 3.18% CAGR Growth Through 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Chile Off-the-Road (OTR) Tire Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Chile Off-the-Road (OTR) Tire, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

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Chile Off-the-Road (OTR) Tire Market Outlook

The Chile Off-the-Road 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. The market is driven by several significant factors such as rising activities in the mining and construction industry, along with technological advancements and increased collaboration among OEMs. The demand for OTR tires has also been uplifted by the agriculture sector of the country.

Chile Off-the-Road (OTR) Tire Market Drivers:

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.

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Chile Off-the-Road (OTR) Tire Market Trends:

Integration of Smart Tire Technology in OTR Tires – Technological advancements in heavy-duty vehicles, such as rising automation and digitalization, are significantly impacting off-road tire design. Automation in heavy-duty vehicles that are used in industries like mining, agriculture, and construction requires quick and continuous operations with reduced human effort. To enhance the smartness of these vehicles, the OTR tires attached are also required to be smart and capable of analyzing and indicating tire health with negligible human intervention. Such requirements have compelled OTR manufacturers to integrate advanced technologies into the tires. This has led the market players to either develop or collaborate with tech conglomerates to introduce tires with suitable sensors and smart systems.

Chile Off-the-Road (OTR) Tire Market Segmentation

The study categorizes the Chile Off-the-Road (OTR) Tire into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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
• 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

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• Northern Chile
• Central Chile
• Southern Chile.

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Leading Companies in Chile Off-the-Road (OTR) Tire Market Worldwide: Players, Analysis & Future Outlook

• Continental
• Yokohama
• Michelin
• Bridgestone
• Pirelli
• Triangle Tires
• Maxxis Chile
• Double Coin
• Trelleborg
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

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Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Chile Off-the-Road (OTR) Tire?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Chile Off-the-Road (OTR) Tire?
   4. Who are the prominent players in the Chile Off-the-Road (OTR) Tire?
   5. How is the competition structured in this market?
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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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