OTR Tires Market - Forecast(2022 - 2027)

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OTR Tires MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2022-2027
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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 OTR tires are generally used in the vehicles
  which work on construction sites, mud mining and
  other mining fields, agricultural field and
  others.
• North America is considered as fastest growing
  region around the world as North America holds
  high infrastructure development which is expected
  to boost the OTR Tire market in the forecasted
  period.

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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.

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Market Segment Analysis By Application Agricul
ture 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

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OTR Tires Market- Forecast(2022 - 2027) Learn
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com/Research/Otr-Tires-Market-Research-501135
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