OTR Tires Market

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OTR Tires MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2023-2028
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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. Additionally, the rising demand
for commercial vehicles and the need for
off-the-road tires for optimal performance
including glass transition temperature are
driving the growth of the market. Off the road
tires are designed in such a way that it provides
traction on different roads such as mud, sand and
others with the pneumatic trail of styrene
butadiene copolymer.
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• Key Takeaways
• The OTR Tires Market is dominated by North
  America owing to increase in infrastructure
  development and advanced technologies which are
  enhancing the growth of this market in North
  America.
• Agriculture sector being the most important
  factor for countries like India, China and other
  are driving the market, the requirement for
  agricultural vehicle like tractors are rapidly
  increasing which in turns boost up the OTR Tires
  market.
• The significant rise in the mining sector and
  deployment of the heavy machinery is expected to
  boost the market growth of OTR Tires.

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By Distribution Channel- Segment
Analysis Agriculture segment held the largest
market share in the OTR Tires Market at 30.5 in
2020. The rise in agricultural activities and
increase in revenue of farmers has led to
increase in use of tractors and other agriculture
machinery which is driving the OTR Tire market.
The factors such as infrastructure development in
developing countries are expected to have
significant growth in forecasted period. Hence
the use of construction and mining vehicles in
developing countries are rapidly increasing which
increase the demand for OTR Tires.
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• OTR Tires Market Industry Outlook
• Michelin
• Bridgestone Corporation
• Goodyear Tire Rubber Company
• Pirelli
• Goodyear Tire
• Alliance Tire Group
• Toyo Tire Rubber Company
• Double Coin Holdings
• Yokohama
• GRI Tyres

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OTR Tires Market - Forecast(2023 - 2028) Learn
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com/Research/Otr-Tires-Market-Research-501135
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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