Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market - PowerPoint PPT Presentation

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Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market

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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. – PowerPoint PPT presentation

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