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. 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...