OTR Tires Market worth 7.68 Billion USD by 2025 - PowerPoint PPT Presentation

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OTR Tires Market worth 7.68 Billion USD by 2025

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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 – PowerPoint PPT presentation

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Title: OTR Tires Market worth 7.68 Billion USD by 2025


1
OTR Tires Market worth 7.68 Billion USD by 2025
www.MarketsandMarkets.com
2
The report "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. Download
PDF Brochure https//www.marketsandmarkets.com/
pdfdownload.asp?id205158802

3
OTR tires for Agriculture tractors accounts to
have the largest market Among all the
applications agriculture tractors segment is
expected to account for the largest market share
in 2017. The lt30 hp tractors segment is estimated
to have the largest demand for OTR tires during
the forecast period. China and India are
estimated to be the key markets for tractors in
the power output range up to 100 hp. The growth
in the Chinese market can be attributed to the
significant rise in the agricultural
mechanization level whereas, in India, factors
such as small farm sizes and price sensitivity
play a vital role. Request for Customization
https//www.marketsandmarkets.com/requestCustomi
zation.asp?id205158802
4
Construction and Mining Equipment segment to
grow at the fastest pace in the OTR tires
retreading market 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. Request Sample
_at_ https//www.marketsandmarkets.com/requestsample.
asp?id205158802
5
  • Target Audience
  • Aftermarket and tire retreading associations
  • Automotive OEMs
  • Governments national and regional environmental
    regulatory agencies or organizations
  • Manufacturers of OTR tires
  • Organized and unorganized aftermarket suppliers
  • Raw material manufacturers of tires/tire
    components (suppliers for Tier I)
  • Regional manufacturer associations
  • Speak to analyst _at_
  • https//www.marketsandmarkets.com/speaktoanalyst.a
    sp?id205158802

6
Key players The key companies profiled in the
study are as Continental (Germany), Bridgestone
(Japan), Michelin (France), Goodyear (US),
Pirelli (Italy), Sumitomo (Japan), Yokohama
(Japan), Hankook Tire (South Korea), Nokian Tyres
(Finland), and CEAT (India)
7
Contact Mr. Shelly Singh MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Blog
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