Bharat Book Bureau Provides the Trending Market Research Report on “Global Off the Road Tires Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028” under Automotive Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
The global Off the Road Tires (OTR) Market size will reach USD million in 2028, growing at a CAGR of % over the analysis period. The United States Off the Road Tires (OTR) market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Off the Road Tires (OTR) market, reaching US$ million by the year 2028. As for the Europe Off the Road Tires (OTR) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Off the Road Tires (OTR) players cover Bridgestone, Michelin, Goodyear, and Continental, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Off the Road Tires (OTR) market by product type, application, key manufacturers and key regions and countries.
Segmentation by type:
breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
All-Season Tires
Winter Tires
Summer Tires
Other
Segmentation by application:
breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Mining
Construction
Others
This report also splits the market by region:
Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include
Bridgestone
Michelin
Goodyear
Continental
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Toyo Tire
Cooper Tire
Kumho Tire
Apollo Tires Ltd
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres
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Market Analysis The Global OTR Tire Market is predicted to touch USD 27.3 billion at a 4.92% CAGR between 2019- 2025, states the recent Market Research Future (MRFR) analysis.
Off the road or OTR tires, simply put, are deep treaded tires that offer high traction on unlevelled surfaces such as gravel, loose dirt, mud, or rock.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/5029Various factors are propelling the global off the road tire market share.
According to the recent MRFR report, such factors include increasing population, need for higher yield due to the demand for agriculture equipment vehicles and tractors, rising preference to use modern equipment for farming activities, increased infrastructural development and mechanization in developing countries, rising automation in industrial processes, and rise in average machine hours.On the contrary, need for significant capital investments to manufacture giant off the road tires, availability of low-cost tires in unorganized markets, high cost of research and development activities, demand and supply gap, increasing commodity prices of natural rubber, and the impact of the current COVID-19 pandemic are factors that may impact the global off the road tire market growth over the forecast period.Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global off the road tire market size based on distribution channel, construction type, and vehicle type.By vehicle type, the global off the road tire market is segmented into construction and industrial equipment, agriculture vehicle, mining, and others.
Of these, the agriculture vehicle and construction & industrial equipment segment will lead the market over the forecast period.By construction type, the global off the road tire market is segmented into belted bias, radial, and bias.
Of these, the aftermarket segment will have a major share in the market over the forecast period.Browse complete report @ https://www.marketresearchfuture.com/reports/off-the-road-tire-market-5029Regional Analysis Based on the region, the global off the road tire market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA).
The presence of one of the largest automotive aftermarkets, the booming automotive industry in Japan, China, and India, burgeoning demand for off the road tires, demand for fuel-efficient technologies, industrial development, and growing construction activities are adding to the global off the road tire market growth in the region.The global off the road tire market in Europe is predicted to hold the second-largest share over the forecast period.
