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


1
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
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. The increase
in manufacturing activities in developing
economies is projected to drive the market for
industrial equipment tires. 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/requestCustomiza
    tion.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.co
    m/requestsample.asp?id205158802

5
  • Infrastructure development and government
    subsidies on equipment would drive the Asian
    Oceania OTR tires market
  • According to Global Property Guide, the number of
    residential and commercial buildings in Asia
    Oceania is expected to increase over the next
    decade due to the boom in the real estate market.
    Infrastructural activities are also projected to
    increase as they form a critical part in
    improving connectivity and promoting sustainable
    growth. Due to these factors, the market in Asia
    Oceania is expected to be the largest during the
    forecast period.
  • 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)
  • Speak to analyst _at_ https//www.marketsandmarkets.c
    om/speaktoanalyst.asp?id205158802

6
The OTR tires market was valued at USD 5.34
Billion in 2017 and is projected to grow at a
CAGR of 4.64 during the forecast period to reach
to USD 7.68 Billion by 2025. The OTR tires market
is projected to grow due to the increasing demand
for agriculture tractors, construction mining
equipment fueled by mechanization and high
infrastructural development in developing
countries. Due to increased machine hours, the
tire replacement time has seen a slight decline
in recent times. Retreaded tires cost 1/3rd of
the price of new tires and have good
durability. Thus, the market for retreaded tires
is projected to grow significantly near
future. Buy Now https//www.marketsandmarkets.c
om/Purchase/purchase_report1.asp?id205158802
7
Browse gtgt 99 market data
tables 56 figures
183 pages and in-depth TOC on  "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" Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
8
ContactMr. RohanMarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 sales_at_marketsandmarkets.com
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