The Peru Off the Road (OTR) Tire Market is expected to grow at a CAGR of around 9.95% during the forecast period, i.e., 2021-26. MarkNtel Advisors’ recently published versions of the study on the Peru Off the Road (OTR) Tire Industry (2021-2026) 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: 2016-19
- Base Year: 2020
- Forecast Years: 2021-2026
- 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: Economic Dependence on the Mining Sector
The mining industry has been an essential pillar of Peru’s economic development and is the top export sector with 10% of the country’s GDP & 60% of its exports. It attributes to the country consisting of a wealth of mineral resources, is the world’s second-largest producer of copper & silver, and Latin America’s largest gold producer.
The demand for OTR tires is anticipated to rise significantly with the surging Peruvian economic reliance on the mining sector and the rapidly increasing number of mining projects. In 2020, the Energy & Mines Ministry declared that the country had 48 under development mining projects, of which 7 were in their first years of construction, including the Mina Justa copper project owned by Grupo Breca, and the rest are likely to begin in the coming five years, which, in turn, shall drive the Peru Off-The-Road (OTR) Tire Market during 2021-26.
Analyzing the Segmentations for the Peru 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 Type of Equipment
-Earth Moving Equipment
-Excavator
-Grader
-Loader
-Bulldozer
-Road roller
Material Handling Equipment
-Crane
-Forklifts
Agricultural Equipment
-Tractor
-Combines
-Others
By End-Users
-Construction
-Industrial
-Mining
-Agriculture
-Ports
By Type of Tire
-Radial
-Bias
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 Peru 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
-West
-South
-East
-Central.
Do You Know Who are the Leading Companies in the Peru 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 Peru Off the Road (OTR) Tire Market companies:
-Goodyear
-Triangle Group
-Continental
-Yokohama
-Michelin
-Bridgestone
-BKT
-Others.
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Key Questions Addressed in the Peru Off the Road (OTR) Tire Market Research Report:
- What is the estimated size, share, and CAGR of the Peru Off the Road (OTR) Tire Market in the forecast period?
- What are the key trends projected to impact the Peru Off the Road (OTR) Tire Market during 2021-2026?
- What are the different segments & sub-segments considered in the Peru Off the Road (OTR) Tire Market research study?
- Who are the key stakeholders and players participating in the Peru Off the Road (OTR) Tire Market?
- What are the major aspects creating opportunistic arena for the Peru Off the Road (OTR) Tire Market?
- What would be the demand for different types of products/services in the Peru Off the Road (OTR) Tire Market through 2026?
- What all factors would create challenge for the Peru Off the Road (OTR) Tire Industry growth?
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