Future of the Chile Off-the-Road (OTR) Tire Market

 Introduction

The Future of the Chile Off-the-Road (OTR) Tire Market looks promising, fueled by rising demand from mining, agriculture, and infrastructure development. According to, the market is projected to grow steadily between 2025 and 2030, reaching approximately USD 218 million by the end of the forecast period.

Future of the Chile Off-the-Road (OTR) Tire Market

Market Drivers

1. Infrastructure and Construction Growth

Chile’s government has announced over USD 16 billion in public works and concession projects between 2024-2028. These projects, including highways, ports, and bridges, are set to increase demand for heavy machinery and thereby strengthen the OTR tire industry.

2. Expanding Agriculture Sector

Agriculture remains a cornerstone of Chile’s economy, contributing nearly USD 29 billion in 2023. With tractors and harvesters dominating agricultural operations, the demand for durable OTR tires continues to rise. In 2024, agricultural equipment held almost 70% of the OTR tire market share.

3. Port and Trade Expansion

Major port developments such as Puerto Exterior (San Antonio) are expected to enhance trade capacity, which requires robust earthmoving and handling equipment, further boosting tire consumption.

Challenges in the Market

  • Regulations on Recycling & Retreading
    Chile has mandated tire recycling in mining: 25% by 2026, 75% by 2027, and 100% by 2030. This regulation is expected to increase the adoption of retreaded tires, which cost 35-55% less than new ones.
  • Cost Sensitivity
    Manufacturers face pressure from low-cost alternatives. To remain competitive, brands must focus on performance, durability, and service offerings.

Opportunities Ahead

  1. Electrification of Heavy Equipment
    Chile’s electromobility plan aims for all large machinery (>560 kW) to transition to zero-emission vehicles (ZEVs) by 2035. This creates new requirements for OTR tires designed to handle electric powertrain dynamics.
  2. Smart Tire Technologies
    With advancements such as tire pressure monitoring and sensor-integrated systems, companies can offer predictive maintenance solutions—enhancing efficiency and safety in mining and agriculture.

Outlook: Future of the Chile Off-the-Road (OTR) Tire Market

The Future of the Chile Off-the-Road (OTR) Tire Market will be shaped by a balance of opportunity and challenge. While agriculture and infrastructure projects ensure steady growth, regulations on recycling and the rise of retreaded tires may slow new tire sales. Nevertheless, innovation in smart technologies and the push for electric machinery are expected to open new avenues for manufacturers and suppliers.

Location: United States

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