Chile Off-the-Road (OTR) Tire Market Outlook 2030: Leading Companies & Share Insights

Amit Kumar
12 hours ago
4 min read

Future Chile Off-the-Road (OTR) Tire Market: Key Dynamics, Size & Share Analysis

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.

Top Market Challenges Impacting the Chile Off-the-Road (OTR) Tire Market Growth

Increasing Demand for Retreading Off-the-Road Tires – The increasing adoption of retreading or recycled Off-the-Road Tires acts as a challenging factor for new tire manufacturers by reducing demand. Chile is a leader in pushing for greener tires with a new law that mandates that from 2023 through 2026, 25% of all mining tires must be recycled. This rises to 75% in 2027 and 100% by 2030. Estimates put stockpiles of used OTR tires in the country at 500,000 tons.

Considering the government requirement, several existing players have begun to establish their recycling plants in Chile, such as Michelin has recently established its first earthmover tire recycling plant in Chile. Retreading or recycling tires increases the lifespan of off-the-road tires and hence allows the end-use businesses to reuse their tires despite making new purchases.

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Understanding the Core Segments in the Chile Off-the-Road (OTR) Tire Market

Chile Off-the-Road (OTR) Tire Market Size, Share & Industry Trends Analysis- By Type of Equipment (Earth Moving Equipment, [Excavator, Grader, Loader, Bulldozer, Road roller, Material Handling Equipment, Crane, Forklifts, Agricultural Equipment, Tractors, Combines, Others]), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5, Others), By Demand Type (OEM, Aftermarket), By Type of Tire (Radial, Bias), By Sales Channel (Exclusive Stores, Authorised Dealers or Distributors, Online, Others), By Price Category, (Budget (Up to USD 400), Economy (USD 401 – USD 1,500), Premium (Above USD 1,500), By End-Users (Construction, Industrial, Mining, Agriculture, Ports), and others.

Geographical Analysis of the Chile Off-the-Road (OTR) Tire Market

By Region

Northern Chile
Central Chile
Southern Chile.

Who Dominates the Chile Off-the-Road (OTR) Tire Market Insights on Key Industry Players?

Companies are strengthening their presence in the Chile Off-the-Road (OTR) Tire market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

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

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