Market Share of Off-Highway Wheels Industry
Several key players, such as Titan International Inc., Moveero Limited, Yokohama, Accuride Corporation, Rimex, Steel Strips Wheels Ltd, and Maxion Wheels, dominate the off-highway wheels market. The players operating in the market are concentrating on several growth strategies to gain a competitive edge over other players. For instance,
- In March 2022, Titan International Inc. announced a definitive agreement to sell its Australian wheel business to OTR Tyres, a prominent local provider of tires, wheels, and related services for off-highway vehicles. This strategic move was part of Titan鈥檚 efforts to streamline its global operations and focus on core markets. The sale included Titan鈥檚 production facilities, inventory, and customer contracts in Australia, allowing OTR Tyres to enhance its market presence and service offerings.
- In February 2022, Titan International Inc. signed a significant agreement with Kubota Tractor Corporation (KTC) to supply its new Trac Loader II tires for Kubota's utility and compact tractor models. These tires are designed for light construction, agricultural, commercial, and residential applications, providing superior performance and durability. The Trac Loader II tires feature advanced tread designs and materials that improve traction, reduce soil compaction, and enhance the overall efficiency of tractors in various off-highway environments. This partnership with Kubota underscores Titan鈥檚 commitment to innovation in off-highway wheels and tires, aiming to meet the evolving needs of customers in diverse applications.
Off-Highway Wheels Market Leaders
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Accuride Corporation
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Titan International, Inc.
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Maxion Wheels
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Enkei Corporation
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Topy Industries, Limited
*Disclaimer: Major Players sorted in no particular order
