I. Introduction
In the tire industry, car tires, truck and bus tires, and two-wheeler tires are the traditional sales drivers. However, a notable phenomenon exists: in the profit statements of many tire companies, one category of tire, while accounting for a relatively small share of total sales, contributes the most substantial profits. This is the OTR tire, primarily used in agricultural machinery, mining, port logistics, and large-scale construction equipment. As a leading China OTR tyre supplier, the sector presents significant opportunities.
II. Market Overview
The OTR tire market is experiencing rapid expansion. According to Linglong Tire’s prospectus, driven by the new energy industry’s demand for metal resources, the mining tire segment is growing robustly, with a CAGR exceeding 10% over the past five years. It is projected that by 2029, the share of steel radial tires within the global OTR tire market will rise to 43.5%.
With the advancement of global infrastructure construction and mechanization, the CAGR for global steel radial OTR tire sales from 2025 to 2030 could reach around 25%. In contrast, in 2024, only six Chinese companies had OTR tire sales exceeding 1 billion RMB, with a total market size of approximately 13.2 billion RMB. This indicates both room for greater participation by Chinese firms and immense growth potential within this specialized tire market analysis.
III. Competitive Landscape: Analysis of Key OTR Tire Manufacturers
After years of development, Chinese companies have formed a clear competitive hierarchy in the OTR tire sector, comprising leading players, established specialists, and emerging forces.
Part 1 ： Leading OTR tire manufacturers are at the forefront in terms of scale and high-end products.
1. Sailun Tire
OTR Tire Sales 2023: 4.204 billion RMB.
Giant Radial Tire Production 2022: ~5,500 units, representing 20% of domestic output.
Possesses full-range production capability for 49-63 inch products, holding ~3% global market share in giant tires.
2. Zhongce Rubber
OTR Tyre Sales 2023: 2.607 billion RMB.
Through the acquisition of Tianjin International Union, produced ~800 giant radial tires in 2022 (3% domestic share).
Focuses on products up to 57 inches, achieving nationwide market coverage.
Part 2 ： Leading OTR tire manufacturers are at the forefront in terms of scale and high-end products.
3. Guizhou Tire
OTR Tire Sales 2023: 1.88 billion RMB.
Successfully produced a 53/80 R63 giant tire, becoming one of the few global manufacturers capable of producing 57-inch and 63-inch steel radial giant tires.
4. Triangle Tire
OTR Tyre Sales 2023: Over 1.8 billion RMB.
Produced ~1,000 giant radial tires in 2022, ranking 4th domestically.
Also possesses full-range manufacturing capability for 49-63 inch products.
5. Aeolus Tire
OTR Tire Sales 2023: 1.736 billion RMB.
Specializes in the steel radial segment (truck/bus and OTR tires). Its giant radial tire expansion project is expected to generate annual revenue of ~1.563 billion RMB upon full completion.
6. Double Coin Tire
OTR Tire Sales 2023: 969 million RMB.
Its Ground Support Equipment (GSE) tires (e.g., REM-26, REM-4) are used in global airport operations.
Part 3: Emerging forces are growing rapidly by leveraging differentiated strengths.
7. Wanda Boto
OTR Tire Sales 2023: 931 million RMB.
OTR tire sales rank within China’s top ten.
8. Linglong Tire
OTR Tire Sales 2023: 730 million RMB.
Produced its first 27.00R49 giant tire in 2024, completing its OTR product portfolio.
9. Hai’an Rubber
Giant Radial Tire Production 2022: ~14,000 units, representing 52.4% of domestic output, ranking first in China.
Global giant tire market share: ~6.5%, ranking 4th worldwide.
Has mass-production technology and application experience for products up to 63 inches.
10. Forlander Tires
- OTR Tire Sales 2023: Nearly 420 million RMB.
Focuses on OTR tire R&D, manufacturing, and service, possessing technical advantages and customization capabilities in the mining tire sector.
11. Chaoyang Long March Tire
OTR Tire Sales 2023: Nearly 500 million RMB.
Its “200,000-unit Annual OTR Tire Project” commenced production in 2024, aiding product diversification.
IV. Market Outlook
In summary, OTR tires have become a vital growth segment for the Chinese tire industry. Forecasts suggest that by 2029, the market size for construction machinery tires alone could surpass 110 billion RMB, while global demand for giant tires may increase to 358,000 units by 2027, as per tire market analysis.
As more companies increase their investments, market competition will intensify. The future ability of China OTR tyre suppliers to maintain an advantage in this high-margin OTR tire market will depend on continuous technological innovation, deepened customer service, and enhanced brand value. The shift from price competition to value competition is essential for establishing a solid position in the global specialty OTR tire arena.
