The Off the Road (OTR) Tire Market is expected to grow at a CAGR of around 4.8% during the forecast period, i.e., 2022-27. MarkNtel Advisors’ recently published versions of the study on the Off the Road (OTR) Tire Industry (2022-2027) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timefrvame and Metrics
- Historical Period: 2017-20
- Base Year: 2021
- Forecast Years: 2022-2027
- Units: USD Million/Billion
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- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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Key Driver: Rapidly Expanding Construction & Mining Sectors Worldwide
With urbanization, various emerging countries are witnessing increasing infrastructure developments like the expansion of transportation networks, massive investments in building roads, bridges, & tunnels, improved supply chain networks for enhanced trade, surging construction activities across commercial & residential sectors, and a rise in manufacturing industries.
Moreover, the mining sector is also growing at a notable pace owing to soaring oil exploration activities & increased government funding. Due to increasing labor costs, there’s a dire need for increased productivity & optimum usage of all resources and, in turn, burgeoning production of construction & mining equipment globally. Hence, the growing requirements for heavy equipment across these sectors are leading to the increased production & sales of their tires, i.e., driving the Global Off-the-Road (OTR) Tire Market.
Analyzing the Segmentations for the Off the Road (OTR) Tire Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By End-Users
-Construction
-Industrial
-Mining
-Agriculture
-Ports
By Type of Equipment
-Earth Moving Equipment
-Excavator
-Roller
-Bulldozer
-Cranes
-Grader
-Loader
-Others
Material Handling Equipment
-Tipper
-Forklift
Agricultural Equipment
-Tractor
-Farm Trucks
-Harvester
-Others
By Type of Tire
-Radial
-Bias
-Non-Pneumatic Tires
By Demand Type
-OEMs
-Aftermarket
By Price Category
-Budget
-Premium
-Economy
By Rim Size
-Up to 20″
-20.1″ to 26″
-26.1″ to 35″
-35.1″ to 47″
-Above 47″
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Exploring the Geographical Landscape of the Off the Road (OTR) Tire Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-North America
-South America
-Europe
-Middle East
-Africa
-Asia-Pacific.
Do You Know Who are the Leading Companies in the Off the Road (OTR) Tire Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the Off the Road (OTR) Tire Market companies:
-Yokohama Rubber Co.
-Goodyear Tire and Rubber Company
-Apollo Tyres Ltd.
-Bridgestone Corporation
-Prometeon Tyres Group S.R.L
-China National Tyre and Rubber
-Michelin
-Hankook Tyre Co. Ltd.
-Toyo
-Continental
-Balkrishna Industries Limited
-Triangle.
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Key Questions Addressed in the Off the Road (OTR) Tire Market Research Report:
- What is the estimated size, share, and CAGR of the Off the Road (OTR) Tire Market in the forecast period?
- What are the key trends projected to impact the Off the Road (OTR) Tire Market during 2022-2027?
- What are the different segments & sub-segments considered in the Off the Road (OTR) Tire Market research study?
- Who are the key stakeholders and players participating in the Off the Road (OTR) Tire Market?
- What are the major aspects creating opportunistic arena for the Off the Road (OTR) Tire Market?
- What would be the demand for different types of products/services in the Off the Road (OTR) Tire Market through 2027?
- What all factors would create challenge for the Off the Road (OTR) Tire Industry growth?
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