OTR Tire Industry Trends
The OTR (off-the-road) tire market is made up of highly specialized industries, such as agriculture, construction and mining. Ever increasing demand for OTR tires, as well as an increase in the number of different tire types required, is resulting in the need for tire companies to be agile in their manufacturing process. This blog will look at industry trends and how the growing sector is supported.
Industry Growth
According to Markets and Markets, the OTR tire industry is projected to grow from $4.8 billion in 2024 to $7.0 billion by 2030. This is caused by growing demand for heavy machinery in construction, mining and agriculture fields, combined with increasing infrastructure projects worldwide. Advancements in tire technology also play a role as improvements have been made to durability, tread design and fuel efficiency. Smithers detailed how the market is expected to expand following a disruption from the COVID-19 pandemic. Prior to the 2020 pandemic, there was a standout opportunity for industry growth from specialty tires. After slow growth during the pandemic, the industry is projected to experience increased demand moving forward. Smithers echoes similar causes of growth from improved technology that advances safety and performance.
Materials and Sustainability
The materials used to manufacture OTR tires play a role in their durability and versatility. Steel, Kevlar and nylon are the major material choices for OTR tires. The different materials are selected based on how the tires will be used and considering the impact of weight, strength, heat, comfort, cost, performance and safety.
The use of sustainable materials has also experienced a recent rise, as reported by Research and Markets. These materials, including natural rubber, recycled carbon black, silica from rice husk ash and bio-based polymers, can help increase sustainability.
Steelastic’s Support of OTR Tires
Steelastic is a leader in calenderless manufacturing equipment for OTR tire components, including extruded steel belt, extruded steel body ply, and extruded textile body ply systems. With Steelastic’s extrusion-based systems, tires can be manufactured in smaller baches that lead to more flexibility and ultimately enhanced profitability. As the OTR tire market expands, Steelastic is a prime choice for manufacturing equipment for tire production. “Steelastic is poised to support the growing OTR tires market,” said Steelastic president Pat Morocco. “We are committed to fulfilling the needs of the industry through our calenderless process.”
Learn More About Calenderless OTR Tires
Steelastic’s calenderless extrusion-based systems provide unrivalled flexibility, reduce scrap and waste materials, providing both cost and material savings. Contact us today for a quote and to learn more about the advantages of calenderless tire manufacturing equipment for OTR tires.