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.
Gaithersburg, Maryland, United States - March 4, 2020 /MarketersMedia/ —
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.
Request for sample here: https://www.strategymrc.com/report/otr-tires-market/request-sample
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.
Make an inquiry at: https://www.strategymrc.com/report/otr-tires-market
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
•
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
