Chile Off-the-Road (OTR) Tire Market Outlook: Trends, Value, and Company Profiles

Chile Off-the-Road (OTR) Tire Market Projected to Expand at 3.18% CAGR Through 2030

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.

Our Latest Reports Now Include In-Depth Supply Chain Ecosystem Analysis, Enabling Businesses to Navigate Tariff Challenges with Greater Agility Get Sample Report - https://www.marknteladvisors.com/query/request-sample/chile-off-the-road-vehicle-tire-market.html

Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Chile Off-the-Road (OTR) Tire Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

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

In 2024, agricultural equipment led by tractors completely dominated the market with a market share of around 70%. However, the earthmoving equipment category’s y-o-y growth is expected to outperform the agriculture sector during the forecast period. In the type of equipment segment, earthmoving equipment holds 25% of the share in the Chile Off-the-Road Tire Market. The rising migration from Venezuela and Haiti has resulted in an increased population in Chile. This has elevated the requirement for proper accommodation facilities, as a result, real estate developers are constructing residential apartments & complexes in the country. The Government proposed an “Emergency Housing Plan” which would require the building of 260,000 houses by 2030, which would cover at least 40% of the housing requirement. These residential construction increases need for earthmoving vehicles in Chile owing to their usage in construction for various activities like site preparation, excavation & land development.

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

Chile is an agriculture-based economy with a sizeable investment and population employed in agricultural activities. According to the USDA, Chile is one of the 10 largest exporters of agricultural goods in the world, with 28% of Chile’s overall trade and 11% of its GDP in 2024. The agricultural policy changes in Chile in 2020-24 had a significant impact on the income of the agrarians as well as the ease of purchasing the key agricultural equipment, such as tractors, combines, etc.

By Region

Northern Chile
Central Chile
Southern Chile.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Increasing Demand for Heavy Electric Vehicles – The demand for heavy vehicles powered by electric technology is rising gradually, driven by environmental sustainability needs. The government in Chile recently announced its electromobility strategy, according to which, large (>560kW) mobile machinery is targeted to be 100% ZEV by 2035, while smaller equipment (>19kW), which would include forklifts, has to be done by 2040. Considering the environmental sustainability requirements, several mining sites have already started deploying electric equipment. For instance, in 2024, SQM, a Chilean mining company, deployed two electric trailers, including one with a fully electric tank trailer for transporting lithium brine. This will, in turn, offer huge growth opportunities to the off-the-road tire manufacturers by tapping the new, increasing electric vehicle market.

Chile Off-the-Road (OTR) Tire Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global Chile Off-the-Road (OTR) Tire Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

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

Their activities include partnerships, product launches, and geographic expansions.

Chile Off-the-Road (OTR) Tire Industry Prime Challenge

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.

Moreover, the retreading tires are available at around 35%-55% lower prices in comparison to the new tires, encouraging end-users to consider the former option. This inclination of end-users towards retreading tires owing to the cost benefit, pressurizes new tire manufacturers to reduce the prices of new tires or introduce innovative features to gain a competitive edge from retreading tire providers. Hence, the increasing acceptance of retreading tires might reduce the replacement rate of new off-the-road tires in the country, thereby restraining the market’s demand.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Note: If you need additional information not included in the report, we can customize it to suit your requirements. https://www.marknteladvisors.com/query/request-customization/chile-off-the-road-vehicle-tire-market.html

Why Trust MarkNtel Advisors?

In-depth primary and secondary data validation
Focused on practical insights, not just raw numbers
Designed to support business strategy, not just reporting
Strong industry connections and real-time data flow
Transparent methodology and reliable sourcing

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.