China’s Top 10 OTR Tire Manufacturers 2024
The Top 10 Chinese OTR Tire Companies for 2024 have been announced – but who is the true champion?
In recent years, the demand for off-road tires has been growing steadily, with the global OTR tire market experiencing a boom. According to relevant research, the global off-road (OTR) tire market size has been expanding steadily. In 2023, the global OTR tire market sales reached 60.53 billion RMB, and it is expected to reach 79.74 billion RMB by 2030, with a CAGR of 4.02% from 2023 to 2030. North America is the largest market, accounting for around 30%, followed by Europe and China at around 23% and 21% respectively.
Driven by this robust global demand, the Chinese OTR tire market has been exceptionally hot in recent years, with major tire companies increasing their investments in this field.
Overview of China’s Top 10 OTR Tire Manufacturers
Based on the “Top 10 Chinese OTR Tire Companies in 2024” released by the China Rubber Industry Association, let’s take a look at who the true champions.
2024 Rank | Tire Company | 2023 Sales (Billion/Yuan) |
1 | Sailun Group | 42.04 |
2 | Zhongce Rubber | 26.07 |
3 | Guizhou Tire | 18.8 |
4 | Triangle Tyre | 18.2 |
5 | Aeolus Tire | 17.36 |
6 | Double Coin Tire | 9.69 |
7 | Wanda Boto Tire | 9.31 |
8 | Linglong Tire | 7.3 |
9 | Xuzhou Armour Tire | 5.86 |
10 | Chaoyang Longmarch Tire | 4.73 |
Top1:Sailun Group
As a leader in this field, Sailun Group achieved sales of 4.204 billion RMB in 2023, ranking first in the industry. Sailun Tire currently has factories in Qingdao and Weifang with a total annual production capacity of 1.6 million tons of off-road tires, as well as a 1 million ton facility in Vietnam. The Weifang and Qingdao off-road tire projects reached full capacity at the end of 2023 and are expected to continue ramping up production. Sailun also has planned projects, including a 37,000 ton/year off-road tire project in Indonesia and a 1.5 million ton/year project in Qingdao Dongjiakou factory.
As the leading enterprise in China’s rubber tire industry, Sailun Group has established a comprehensive product matrix and service network, providing professional specialty tire comprehensive solutions for customers, including the development and manufacturing of giant engineering radial tires, medium and small engineering radial tires, agricultural tires, bias-ply engineering tires, solid tires, and over 2,000 product specifications.
In 2016, Sailun Group successfully launched the world’s largest 63-inch giant radial tire, filling the gap in the domestic high-end ultra-giant engineering radial tire market. After nearly two years of road testing in a large open-pit coal mine in China, the tire achieved an average operating time of over 7,000 hours, with the highest reaching more than 9,500 hours, reaching international advanced levels. This innovation addressed the “bottleneck” issue concerning tires for key components of heavy-duty trucks used in open-pit mining in China.
Currently, Sailun supplies products and services to well-known domestic and international mining machinery manufacturers, including Caterpillar, the world’s largest manufacturer of special equipment, John Deere, the largest agricultural machinery manufacturer, as well as XCMG, Northern Heavy Industries, SANY Heavy Industry, LiuGong Group, Tongli Heavy Industry, Lingong Machinery, Xiangdian Group, Zoomlion, China National Heavy Duty Truck Group, Yutong Heavy Industry, Taiyuan Heavy Industry, and Weichai (Yangzhou) Special Vehicles. Sailun has stated that it will continue to increase its investment in innovative research and development to provide higher quality and more intelligent tire solutions for the global specialty tire market.
Top 2: Zhongce Rubber
Zhongce Rubber currently has an annual production capacity of approximately 5 million off-the-road (OTR) tires. In July 2023, the company increased its production of agricultural radial tires by 80,000 units at its Tianjin tire workshop. Additionally, a project to enhance the manufacturing chain for high-end green tires is set to commence in March 2024, aiming to establish a production base capable of producing 400,000 engineering tires (150,000 tons) and 85,000 tons of high-end supporting materials, with an expected launch in 2025.
From the outset, Zhongce has prioritized its otr tyre business, offering a diverse product range that includes all-steel engineering tires, port machinery tires, industrial series tires, aerial work platform tires, and road construction machinery tires. Its products are sold in over 160 countries worldwide.
Top 3: Guizhou Tire
Guizhou Tire established a 6,000-unit engineering machinery tire factory in 1977, successfully developing the first engineering machinery tire, marking a new era in Guizhou Tire’s OTR tire production. The company is currently implementing a smart manufacturing project for 380,000 all-steel radial engineering tires per year – the first phase of 200,000 units has been installed and debugged, entering normal production, while the second phase of 150,000 units has also commenced installation and debugging. Additionally, part of the 150,000-unit Vietnam Phase II project has already been put into production.
Top 4: Triangle Tire
In 1985, Triangle Tire successfully developed and launched its engineering tires, marking the end of Shandong’s inability to produce such tires. This innovation set the stage for the company’s growth in the engineering tire sector.
In 2008, Triangle Tire’s project on “Development of Production Technology and Equipment for Giant Engineering Radial Tires” was awarded the National Science and Technology Progress Award, First Class. This prestigious accolade is the highest scientific award received by the Chinese tire industry since the founding of the nation, underscoring Triangle Tire’s significant capabilities in the engineering machinery tire market.
As a major tire supplier for Caterpillar, Triangle Tire actively participates in events such as the Caterpillar “Tractafric” dealer exhibition, where it showcases specialized OTR tires designed for bulldozers and loaders.
Currently, Triangle Tire boasts a manufacturing capacity of 230,000 bias engineering tires, 150,000 radial engineering tires (covering eight major types of engineering machinery), and 2,000 giant radial engineering tires (with a maximum size of 63 inches). The company has successfully established strong partnerships with numerous well-known domestic and international engineering machinery manufacturers, positioning itself as one of the top four brands in the global engineering radial tire market.
Top 5: Aeolus Tire
Aeolus Tire currently has an annual production capacity of 800,000 units of OTR tires and 400,000 units of engineering radial tires. The company is currently implementing an 80,000-unit/year giant and special engineering radial tire expansion project, which is expected to be put into production in 2025-2026.
Aeolus Tire is now a strategic supplier for domestic engineering machinery vehicle manufacturers such as Liugong, Longgong, and Xiagong. In 2020, Aeolus Tire signed an equity trust agreement with Prometeon Tyre Group S.r.l. (referred to as “PTG”) to produce and sell various truck, engineering machinery, and agricultural tires, including the Pirelli brand.
Top 6: Double Coin Tire Group
Double Coin’s engineering machinery tires have strong supporting capabilities and have cooperated with many large international engineering vehicle companies, receiving good reviews. Its all-steel engineering radial tires are the first of their kind in China.
In 2019, Double Coin Tire has built its factory in Thailand. It also stated that the Thailand manufacturing plant has complete OTR and TRB production capabilities, which can meet order production requirements and achieve an annual capacity of over 50,000 OTR tires.
Top 7: Wanda Boto Tire
Wanda Boto Tire currently has an annual production capacity of 18 million units, including 3 million units of all-steel radial tires, 15 million units of semi-steel radial tires, and 100,000 units of engineering machinery tires.
Top 8: Linglong Tire
Linglong Tire has been deploying in the OTR tire field for many years. In 1993, Linglong Tire successfully launched its first engineering machinery bias-ply tire.
Linglong not only has a complete industry system in the engineering machinery tire field, but also has two major product series of agricultural tires (agricultural machinery bias-ply tires and agricultural machinery radial tires) and industrial tires, with more than 300 models.
It is reported that on December 3, 2021, Linglong Tire successfully matched the “unmanned construction machinery” 856HMAX loader recently launched by the Liugong Group, the industry’s first, with a product specification of 23.5-25 and tread pattern LL25.
Top 9: Xuzhou Armour Rubber
Xuzhou Armour Rubber is one of the few domestic companies that focus on the production and sales of large engineering tires, agricultural tires, and forklift tires, and has good market feedback.
Xuzhou Armour currently has a comprehensive production capacity of 4.2 million sets of tires, including 600,000 sets of engineering tires, 1.8 million sets of agricultural tires, and 100,000 sets of agricultural and radial engineering tires, with a sales revenue of about 3 billion RMB, of which about 80 million US dollars are from self-operated exports.
Xuzhou Armour’s products cover 6 major series of engineering machinery tires, agricultural tires, industrial vehicle tires, heavy-duty tires, light-duty tires, and solid tires, with more than 400 product specifications.
In the OE market, Xuzhou Armour has established stable supply relationships with well-known domestic and foreign companies such as Case New Holland, John Deere, Caterpillar, Volvo, Xuzhou, Liugong, YTO, and Foton.
Top 10: Longmarch Tire
Longmarch Tire currently has a comprehensive production capacity of 200,000 sets of engineering tires, 1.8 million sets of agricultural tires, and 100,000 sets of agricultural and radial engineering tires, with a sales revenue of about 3 billion RMB, of which about 80 million US dollars are from self-operated exports.
In addition to the domestic market development, Longmarch Tire is also expanding in the international market. Longmarch Tire and a Pakistani company Service jointly established a new company called SLM Tire, with an annual capacity of 2.4 million units of all-steel tires.
02 The Rising Stars in the OTR Tire Product Market
OTR tire products involve agricultural tires, engineering machinery tires, mining tires, and industrial tires, and have become the fastest growing and most profitable segment of the global tire market so far.
In China, in March this year, the Ministry of Housing and Urban-Rural Development issued the “Notice on Promoting the Renewal of Construction and Municipal Infrastructure Equipment”, clearly proposing to eliminate old construction machinery equipment, injecting new vitality into the OTR tire market.
It can be said that the giants rushing to seize the OTR market are already on the draw, and this blue ocean market will be the key for leading companies to achieve “leapfrog” development. Whether this fat can be evenly distributed or the winner takes all, remains to be further observed!
New Star 1: Techking – Professional Tire Solutions for Mining & Construction
Qingdao Techking Tire Co., Ltd., as a global tire solution expert, has a sales network covering enterprises in 88 countries in mining, construction, and ports, with considerable global OTR tire sales volume.
Techking’s Europe-sourced products can provide customers with comprehensive solutions for engineering radial tires, engineering bias-ply tires, truck and cargo radial tires, and have developed value-added service systems such as real-time tire pressure detection and tire contracting.
Currently, Techking supplies DOOSAN-MOXY, BELL EQUIPMENT, Vogele, LJUNGBY MASKIN, Atlas Copco and other world-leading engineering machinery companies.
In addition to the OE market, Techking also attaches great importance to the replacement market sales and services, providing tire solutions for companies such as BARRICK in the US, BILFINGER BERGER in Germany, SESA GROUP in India, FIRST QUANTUM in Zambia, HATU in Vietnam, and KGHM in Poland.
New Star 2: Forlander Tire – Premium Special Tire Manufacturer
As a rising star in China’s special tire industry, Forlander Tire is a company engaged in the research, development, production, sales, and service of industrial, engineering, agricultural, and truck tires. In November 2016, Forlander successfully developed its first all-steel engineering tire, with an annual production capacity of around 60,000 tons of engineering machinery tires; by 2023, it has a production capacity of 2 million units of special tires, covering forklifts, aerial work equipment, port machinery, agricultural machinery, mining equipment, and construction machinery.
Over the past ten years, Forlander has established long-term and close cooperative relationships with more than 30 well-known industrial and engineering equipment manufacturers worldwide.
Forlander brand has a very complete product line worldwide, from solid forklift tires to mining machinery tires, from various underground mining tires to aerial work tires, from agricultural radial tires to port machinery tires, from airport equipment tires to AGV and other small equipment tires, Forlander provides high-quality special tire solutions for various equipment.
New Star 3: Haian Rubber – Giant Engineering Radial Tire Manufacturer
Haian Rubber was founded in 2005 and collaborates with various research institutes to jointly develop high-performance giant engineering radial tires.
In 2008, Haian produced the first 37.00R57 all-steel giant engineering radial tire, filling the domestic gap of giant radial tires and also breaking the foreign monopoly on the all-steel giant tire market.
From 2019 to 2020, Haian Rubber will upgrade all product series, formulas, and expand equipment according to the plan. The company is currently actively preparing for an IPO.
New Star 4 : Weihai Zowin -Special Tire Manufacturer
Weihai Zowin Rubber, formerly Shandong Weihai Rubber Factory, is one of the major special tire manufacturers in China. It has an annual production capacity of 1.2 million units of bias-ply tires, ranking among the top 20 OTR tires in China.
The company’s export products cover the United States, Canada, South Korea, Europe, the Middle East, Southeast Asia, South America and other countries and regions. It has established long-term cooperative relationships with world-renowned machinery manufacturers such as John Deere, Taylor, SkyJack, and Genie; and domestic famous port machinery manufacturers such as Shanghai Zhenhua Heavy Industry, Sany Heavy Industry, Weichai (Yangzhou) Shengda, and Xuzhou Construction Machinery.
New Star 5 : Qingdao Wangyu – A Rising Star in the Agricultural Radial Tire Industry
Qingdao Wangyu currently boasts a wide range of agricultural radial tires, off the road tires, industrial vehicle tires, agricultural tires, desert tires, and ATV/UTV tires, with more than 1000 sizes. The company has an impressive annual production capacity of 1.2 million rubber tires, including 100,000 radial agricultural tires.
Wangyu has independently developed over 30 specifications of agricultural radial tires, covering rim sizes from 24 to 42 inches. The product range includes various aspect ratios such as 65, 70, 75, 80, and 85, catering to diverse agricultural needs.
As a rising star in the agricultural tire sector, Qingdao Wangyu is committed to innovation and quality, positioning itself as a competitive player in the market.
In summary, with the improvement of China’s OTR tire manufacturing industry’s R&D and production capabilities, as well as the lifting of the US “double anti-dumping” policy, in addition to the domestic market, the export market has become an important sales channel for China’s OTR tire manufacturing industry. In 2015, the export volume of OTR tires in China accounted for 9.21% of the domestic production, and in 2019 the export ratio of OTR tires increased to 31.93%.
OTR tires will be a new development opportunity for china tire industry in the next few years. As the traditional tire market is becoming increasingly saturated, the development of OTR tires is undoubtedly an excellent opportunity for leapfrog development and emerging as a dark horse.
