OTR Tires Market size was valued $7.5 billion in 2020 and is estimated to grow at a CAGR of 3.5% during 2021-2026. The growing demand for mining, agriculture and construction are fueling the OTR Tire market.
OTR Tires Market size was valued $7.5 billion in 2020 and is estimated to grow at a CAGR of 3.5% during 2021-2026. The growing demand for mining, agriculture and construction are fueling the OTR Tire market.
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This report studies the global OTR Tires market status and forecast, categorizes the global OTR Tires market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
The market is primarily driven by the expanding construction sector and the increasing development of numerous infrastructural projects, including housing facilities, industrial complexes, roads, and railway networks. In addition, the growing deployment of forklifts, cranes, and bulldozers for enhancing the safety and security of workers during heavy-duty construction activities represents another major growth-inducing factor.
TechSci Research has released a report titled "OTR Tire Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017-2027," predicting that the Global OTR Tire Market will see a robust growth rate of 5.01% by volume during the forecast period. This growth is attributed to the increased manufacturing and demand for OTR tires worldwide. The largest producer and market for OTR tires is the Asia-Pacific region, with China, India, and Japan dominating the market. The China OTR tire market is expected to grow at a CAGR of 5.18% by volume between 2022 and 2027. The Global OTR Tire Market is classified according to vehicle type, demand category, tire construction type, and region. The market is segmented into Mining, Construction & Industrial Equipment, Agriculture Vehicles, and Others (which includes All-Terrain Vehicles, Sports Vehicles, etc.) based on the type of vehicle. The increasing sales of these vehicles are expected to drive the demand for OTR tires globally.
Get a sample brochure @ http://tinyurl.com/hoc2amk Global OTR Tires Industry 2016 Market Research Report is a professional and in-depth study on the current state of the OTR Tires industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The OTR Tires market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
Global OTR tires market is largely dominated by the Asia Pacific, with a market share of 28.0%. Asia Pacific region is anticipated to be the fastest growing OTR tire market, which is likely to expand at a CAGR of 5.2% over the forecast period owing to huge government expenditure over mining sector and rapid urbanization in the region.
The OTR tires market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025 to reach USD 7.68 Billion by 2025 from USD 5.34 Billion in 2017.
The OTR tires market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025 to reach USD 7.68 Billion by 2025 from USD 5.34 Billion in 2017.
OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025
The OTR tires market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025 to reach USD 7.68 Billion by 2025 from USD 5.34 Billion in 2017. The market is projected to grow due to key reasons such as increasing demand for agriculture tractors and construction & mining equipment caused by mechanization and high infrastructural development in developing countries.
The construction and mining equipment tires are expected to have a major share in the retreading market compared with agriculture and industrial equipment tires. The fleet operators are choosing retreading of tires over replacement as the cost of retreaded tires is significantly lower than that of newly replaced tires. The OTR tire retreading market is estimated to grow at the fastest rate owing to the increase in mechanization and the average working hours of machine. This leads to the wear and tear of tires.
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The expanding automobile industry, owing to the elevating levels of urbanization and inflating disposable incomes of the consumers, is primarily stimulating the tyre market. Moreover, the increasing demand for next-generation and high-performance tyres for usage in luxury and premium cars is further augmenting the market growth. Besides this, the emerging trend of radialization of tyres, particularly in buses and trucks, is acting as another significant growth-inducing factor.
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South Korea has emerged as a major market for automotive tyres in Asia-Pacific over the last few years. On account of significant industrial growth, the country’s automotive industry has been flourishing at a rapid pace. To know more : https://www.bharatbook.com/automotive-market-research-reports-436606/south-korea-tyre-forecast-opportunities.html
The TechSci Research report states that the global agricultural tire market will experience a steady growth rate between the years 2023 and 2028. This growth is attributed to changes in farming practices worldwide, which have led to an increased demand for efficient and productive agricultural machinery. Governments of various countries have invested in this sector, resulting in growth in the agricultural industry. Furthermore, the increasing population and advancements in agricultural vehicle technology have fueled the demand for agricultural vehicles and Off-the-Road (OTR) tires. These factors are expected to contribute to the growth of the global agricultural tire market during the forecast period.
Bharat Book Bureau provides the report, on “Report on Turkey Tyre Market Forecast and Opportunities, 2020” The Report country’s automobile sector is witnessing revival on account of favorable tax and investment policies of the Turkish government, which in turn, is fueling demand for tyres in the country. https://www.bharatbook.com/automotive-market-research-reports-335713/turkey-tyre-forecast-opportunities.html
Taiwan has emerged as one of the most promising markets for automotive manufacturers with soaring domestic sales and exports over the past decade. Taiwan has one of the highest vehicle ownerships in the world, with 676 motorcycles for every thousand persons and 324 cars per thousand individuals in the country which is in turn driving the market for related products such as Tyres.
The Russian tyre market is mainly dominated by replacement tyre market, which accounts for majority of the market share in the countrys tyre market. The rising automobile production and sales in passenger car commercial vehicles, motorcycles and OTR vehicles over the last five years is expected drive replacement tyre sales in the country. See Full Report : http://bit.ly/1oM6Vaj
For more information kindly visit : https://www.bharatbook.com/automotive-market-research-reports-736781/angola-tyre.html This has translated into boosting demand for other automotive products in the country, including tyres. Automobile sector in Angola lacks presence of any automobile OEMs.Moreover, the country does not have any tyre manufacturing facilities. Due to this reason, the tyre market of the country is entirely replacement and import driven.
Vietnam, one of the developing economies in Asia-Pacific with a population of about 90 million as of 2013, is emerging as a major market for automotive tyres. Due to continuous increase in the country’s per capita GDP, motorization level of Vietnam has been growing at a faster pace. As a result, the country’s vehicle parc has been swelling tremendously year on year. Browse full report @ http://bit.ly/14k0hEL
Taiwan has emerged as one of the most promising markets for automotive manufacturers with soaring domestic sales and exports over the past decade. Taiwan has one of the highest vehicle ownerships in the world, with 676 motorcycles for every thousand persons and 324 cars per thousand individuals in the country which is in turn driving the market for related products such as Tyres. Browse full report @ http://bitly.com/1y33d3Y
It highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of facility management market report will help the clients to assess their business strategies as per the competitive environment in the market space.
For more information kindly visit : https://www.bharatbook.com/automotive-market-research-reports-351611/italy-tyre-forecast-opportunities.html Bharat Book Bureau provides the report, on “ Market Forecast and Opportunities on Italy Tyre Industry [2020] ”.The country recorded a high vehicle motorization rate (passenger car and commercial vehicle) of 686 vehicles per 1000 people in 2013.Weaker economic conditions due to Eurozone crisis, delay in infrastructure projects, low income growth and significant cuts in public spending led to decline in sales of tyres during 2010-2014.
Indian automobile sector is one of the largest automobile markets in the world, which makes the country one of the largest consumer markets for tyres as well. The country’s automobile market exhibited a CAGR of about 11% during 2009-13. The expansion of the Indian consumer market, rising per capita income, and the increase in the supply of vehicle models for the domestic market are the major factors attracting tyre manufacturers and retailers into the market.
For more information kindly visit : https://www.bharatbook.com/automotive-market-research-reports-219783/brazil-tyre-market-forecast-opportunities-2019.html Bharat Book Bureau provides the report, on “ Market Report Forecast and Opportunities on Brazil Tyre – 2020 ”.Growing domestic demand for automobiles, increasing per capita income levels of consumers and availability of skilled workforce have attracted significant foreign direct investments in the country over the last decade.
According to “Canada Tyre Market Forecast & Opportunities, 2020”, Canada tyre market is forecast to increase at a CAGR of around 6% till 2020. To know more : https://www.bharatbook.com/automotive-market-research-reports-641840/canada-tyre-market-forecast-opportunities.html
For more information kindly visit : https://www.bharatbook.com/automotive-market-research-reports-744043/tyre-poland.html Bharat Book Bureau provides the report, on “ Forecast Report on Poland Tyre Market Industry – 2020 ”. Poland is the third-largest passenger cars manufacturer in Central and Eastern Europe, after the Czech Republic and Slovakia.Over the last few years, Poland has been witnessing volatile economic scenario, which has strongly impacted the country’s automobile tyre industry.
Bharatbook.com announces a report on “Indonesia Tyre Market Forecast and Opportunities, 2020”. This report help to gain an in-depth understanding of tyre market in Indonesia, help to identify the on-going trends and segment wise anticipated growth in the coming years, it help industry consultants, tyre companies and other stakeholders to align their market-centric strategies
“India Tire Market Forecast 2012 - 2022”,the information contained in this report is based on both primary and secondary sources. http://www.marketreportsonindia.com/industry-mfg-market-research-reports-13818/india-tire.html
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Bharat Book Bureau provides the report, on “Bangladesh Tyre Market Forecast and Opportunities, 2020’. Despite rising automobile sales, replacement segment continues to dominate the market, holding significant majority share in tyre sales in the country To view the full Executive Summary and Table of Contents, please visit : https://www.bharatbook.com/automotive-market-research-reports-646090/bangladesh-tyre.html
To read the complete report at: http://www.marketreportsonindia.com/industry-mfg-market-research-reports-13818/india-tire.html Market Reports on India presents the latest report on “India Tire Market Forecast & Opportunities 2021”.This report to help industry consultants, tire companies and other stakeholders to align their market-centric strategies.
For more information kindly visit : https://www.bharatbook.com/automotive-market-research-reports-744044/tyre-spain.html Bharat Book Bureau provides the report, on “ Market Report Forecast and Opportunities on Spain Tyre – 2020 ”. Spain is the fourteenth largest economy in the world, and the fifth largest economy in the European Union. The country’s vehicle fleet is dominated by passenger cars, accounting for more than 65% of the total vehicle fleet, followed by commercial vehicles and two-wheelers.
The Qatar Tire Market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by rapidly improving living standards & disposable income of people, coupled with their growing inclination toward privately owning vehicles, which, in turn, is demonstrating a swift escalation in the vehicle fleet. As a result, the demand for tires is accelerating across the country and driving the market.
According to France Tyre Market Forecast & Opportunities, 2020, tyre sales in France are anticipated to cross 50 million units by the end of 2020. See Full Report: http://goo.gl/6xb6N2
Tire Market is expected to grow at a CAGR of 3.85% during the forecast period 2023-2028 and would reach USD 318.57 Billion by 2028.. With the emergence of more efficient vehicles and a smoother infrastructure, the global tire market is experiencing rapid growth & changes. The rise in vehicle production in developing countries and increased competition among tire manufacturers are the prime aspects projected to drive the market in the forecast years. Besides, since modern farming methods are becoming increasingly popular nowadays, there's a growing focus on mechanizing farming activities, which would result in a boom for the tire industry in the agriculture sector. Read More: https://www.marknteladvisors.com/query/request-sample/global-tire-market.html
Bharat Book Bureau provides the report, on "France Tire Market Forecast and Opportunities, 2021”. Many large scale automobile manufacturers and tire companies are based in France, and thus demand for vehicles and tires in the country is being addressed through domestic production as well as imports. https://www.bharatbook.com/automotive-market-research-reports-781313/france-tire-forecast-opportunities.html
Bharatbook.com announces a report on “India Telematics Market (2014 - 2021)”, provides in-depth analysis of the report with 51 figures and 11 tables covered in 101 pages. The report estimates and forecast telematics market by revenue & volume, by module fit such as aftermarket & OEM, installed base, applications and regions. The report also gives the insights on competitive landscape, market share by companies, price trends, company profiles, market drivers and restraints.
India In-Car Entertainment market revenue is projected to grow at a CAGR of 5.3% during 2015-21. In India’s in-car entertainment market, speaker and head unit segments accounted for majority of the market revenue. However, in the forecast period, higher growth of infotainment systems would be witnessed in the country. To know more : https://www.bharatbook.com/consumer-electronics-market-research-reports-666067/india-in-car-entertainment-systems.html
Qatar Tire Market By Vehicle Type, By Radial Vs Bias, By Rim Size, By Price Segment, By Sales Channel (Online Vs Offline), Competition Forecast & Opportunities, 2013 - 2023. Read - https://bit.ly/2RG6BzJ
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Tire Recycling Market is anticipated to expand at a compound annual growth rate of 3.94% during the forecast period i.e. 2016-2024. Moreover, recycling companies were active on many fronts in 2017 as they continued to make major strides forward, just as rubber businesses in other areas advanced their programs in recycling and sustainability. To get more insights read our report: https://bit.ly/2KRVIu0
According to “Brazil Tyre Market Forecast & Opportunities, 2019”, the tyre market in Brazil is projected to grow at a CAGR of 8% during 2014-19 in volume terms due to increasing automobile sales coupled with favorable policies for auto industry by the Brazilian government. https://www.bharatbook.com/automotive-market-research-reports-219783/brazil-tyre-market-forecast-opportunities-2019.html