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 was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
All-Season Tires Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Off The Road Tires (OTR) include Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama and Maxxis, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Bharat Book Bureau has surveyed the Off The Road Tires (OTR) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Off The Road Tires (OTR) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Off The Road Tires (OTR) Market Segment Percentages, by Type, 2021 (%)
All-Season Tires
Winter Tires
Summer Tires
Others
Global Off The Road Tires (OTR) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Off The Road Tires (OTR) Market Segment Percentages, by Application, 2021 (%)
Mining
Construction
Others
Global Off The Road Tires (OTR) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Off The Road Tires (OTR) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Off The Road Tires (OTR) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Off The Road Tires (OTR) revenues share in global market, 2021 (%)
Key companies Off The Road Tires (OTR) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Off The Road Tires (OTR) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players 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
Browse our full report with Table of Content :
https://www.bharatbook.com/report/1330033/off-the-road-tires-otr-market-global-outlook-and-forecast
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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.
