OTR Tires Market to Grow at a CAGR of 14.2% over 2016-2024
According to Goldstein Research, OTR tires market is expected to reach USD 369.2 billion by 2024, growing at a CAGR of 14.2% over the forecast period 2016-2024. The major driver in OTR market is rising construction and mining activities in developing regions. The global construction market is witnessed to be growing by 85.0% to USD 15.5 trillion worldwide by 2030, with three countries, China, the US and India, leading the way.
Global OTR (Off-the-Road) tires market is largely dominated by the Asia Pacific, with a market share of 28.0%. Asia Pacific region is anticipated to be the fastest growing OTR tire market, which is likely to expand at a CAGR of 5.2% over the forecast period owing to huge government expenditure over mining sector and rapid urbanization in the region.
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Market SegmentationGlobal OTR (Off-the-Road) Tires Market can be segmented as follows:
By Product Type- Radial Tires
- Bias Tires
- Non-Pneumatic Tires
- Earthmovers
- Loader and Dozers
- Graders
- Material Handling Equipment
- Tractors and Agricultural Equipment
- Construction
- Industrial
- Mining
- Agriculture
- Ports
- Other (Defense etc.)
- North America OTR (Off-the-Road) Tires Market Analysis, 2016-2024
- Europe OTR (Off-the-Road) Tires Market Analysis, 2016-2024
- The Middle East And Africa OTR (Off-the-Road) Tires Market Analysis, 2016-2024
- Latin America OTR (Off-the-Road) Tires Market Analysis, 2016-2024
- Asia Pacific OTR (Off-the-Road) Tires Market Analysis, 2016-2024
- Rest Of The World OTR (Off-the-Road) Tires Market Analysis, 2016-2024
The OTR Tires Market Report highlights the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of OTR (Off-the-Road) tires market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the OTR tires market discussed in the report are: Bridgestone, Goodyear, Yokohama Tire, Michelin,China National Tyre & Rubber, Continental, MRF, Belshina, Eurotire, Linglong Tire, Cheng-Shin Rubber, BKT, Alliance Tire Group, Fujian Haian Rubber, PrinxChengshan, Apollo, Doublestar, Triangle, Pirelli, Double Coin Holdings, Shandong Yinbao, JK Tyre, Techking Tires, Maxam Tire, Shandong TaishanTyre, Hawk International Rubber, Dunlop, etc.
Further, Global OTR (Off-the-Road) Tires Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The OTR (Off-the-Road) Tires Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also contains the expert analysis related to complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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