The giant and growing OTR tyre market

The world’s largest off-the-road (OTR) tyres come in at 63-inches in diameter, weighing over 12,500 pounds. These massive components are manufactured to bear extreme loads, rough terrain, and relentless operating cycles in mining sector. As mining activities and fleets expand, tyre performance, selection, and maintenance are becoming decisive operational levers across both OEM and aftermarket landscapes. Surface mining is predominant source for extracting most of the world’s annual mineral production, and depends heavily on graders, haul trucks and loaders. Reflecting their operational scale, Stratview Research’s report on the global mining tyre sector also indicates that surface mining accounts for nearly 70 per cent of the global demand for mining tyres. However, underground mining is also experiencing growth, due to increasing demand for minerals and metals. Underground vehicles usually include machinery such as drilling rigs, scalers, bolters, loader scoops and shuttle cars.