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MarketersMEDIA / Newsroom / Global Off-The-Road (OTR) Tires Market is expected to reach $9.22 billion by 2027 growing at a CAGR 5.9% during 2018 to 2027.

Global Off-The-Road (OTR) Tires Market is expected to reach $9.22 billion by 2027 growing at a CAGR 5.9% during 2018 to 2027.

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Some of the key players in global Off-The-Road (OTR) Tires market are JK Tyre, Bridgestone, Hawk International Rubber, Pirelli, Continental, Hankook Tire, MRF, Ceat, BKT, Michelin, Double Coin Holdings, Dunlop, Prometeon Tyre Group S.R.L., and The Good Year Tire Company.

— Some of the key factors influencing the market growth include increasing demand for agriculture tractors and construction & mining equipment caused by mechanization, increasing sales of off-highway vehicles and an increase in manufacturing activities. However, fluctuating raw material prices is restricting market growth.

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OTR (Off-the-Road) tires are designed to improve performance and stability and provide traction on different unpaved surfaces including sand, mud, dirt, and others. OTR tires are widely used at dam construction sites, civil engineering sites, sand and gravel at mining, agriculture sector, and others.

Amongst end-user, the construction and mining segment has significant growth during the forecast period. The advancements in construction & mining equipment, such as automation and electrification, have helped the fleet operators to use the equipment in multiple shifts. This has led to decreased tire replacement duration, thereby to the increased demand for aftermarket tires.

Access the complete report at: https://www.strategymrc.com/report/otr-tires-market

By Geography, North America is estimated to have a lucrative growth during the forecast period. North American economy has finally recovered from the setbacks of recession. In North America, the growth of the Off the Road Tire Market will be driven by infrastructure development, availability of state-of-the-art technology, increasing demand for green vehicles, and the presence of a large base of tier-1 companies and OEMs.

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Construction Types Covered:
• Belted Bias Tire
• Bias Tire
• Radial
• Non-Pneumatic Tires
• Solid

Sizes Covered:
• Above 60 Inch
• 50.1-60 Inch
• 40.1-50 Inch
• 25.1-40 Inch
• 20.1-25 Inch
• 15-20 Inch

Processes Covered:
• Mold Cure
• Pre-Cure

Rim Sizes Covered:
• 50.1 Inch – 63.0 inch
• 25.1 Inch – 49.9 inch
• < 24.9 Inch Products Covered: • Rubber Tracks • Wheeled Vehicle Types Covered: • Material Handling Equipment • Earthmovers • Dumpers • Cranes • Loader and Dozers • Dump Truck • Graders Demand Categories Covered: • Replacement • Original Equipment Manufacturers (OEM) • Aftermarket End Users Covered: • Industrial • Construction & Mining • Agricultural • Ports Tire Sizes • Defense • Forestry and Light Duty • Other End Users Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements Follow us on Twitter: https://twitter.com/StratisticsMRC Follow us on LinkedIn at: https://www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile About Stratistics MRC We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-off-the-road-otr-tires-market-is-expected-to-reach-922-billion-by-2027-growing-at-a-cagr-59-during-2018-to-2027/88948789

Source: MarketersMedia

Release ID: 88948789

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