The "OTR Tires Market based on Types (Radial Tires and Bias Tires), Vehicle Types (Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors Forklifts, and Others), End-Use (Construction & Mining, Industrial, Agricultural and Others) and Geography - Global Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
Increasing preference for utilizing advanced and modern equipment in agricultural activities has significantly favored tractors' adoption, which boosts the OTR tires market demand. With the rising population globally, food production has increased, which is a factor fueling the demand for tractors and agriculture equipment vehicles, therefore driving the market growth of OTR tires.
The OTR Tires Market is expected to grow at the rate of 3.4% CAGR by 2026. The OTR tires or off-the-road tires are made up of resistant compounds to provide proper grip on rough surfaces, including mud, stones, or sand. The tires have in-depth and strong treads which can be deployed to any vehicle. These tires are mainly designed to be used in extreme situations and provide safety, high performance, and quality. In the mining and construction areas, the surface is uneven and rough since the OTR tires are considered compatible with the vehicles. However, the vast expenditure incurred in research and development is likely to hamper the OTR tires market.
Bridgestone Corporation MICHELIN
Prometeon Tyre Group SRL
YOKOHAMA Rubber CO. Ltd.
China Rubber Tire & Rubber Co. Ltd
The Goodyear Tire & Rubber Company
Apollo Tyres Ltd.
Qingdao Rhino Tyre Co., Ltd.
Triangle Group Co. Ltd.
As observed, majorly the OTR tires have a prominent role in the agricultural and construction & mining sectors since agriculture is the backbone of the few countries and owing to the increasing demand for construction and mining from the developing countries.
This report for the OTR tires market includes the complete quantitative analysis of the market, which helps the shareholders capitalize on the present market trends.
Again, the research will help understand the market vendors' capabilities and strategies such as innovations, mergers and acquisitions, and expansions.
This research of the OTR tires market also includes comprehensive insights regarding the technical innovations in the products.
Additionally, this research will elucidate the OTR tires market's geographical analysis to understand the market penetration across the world.
Key Topics Covered:
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.4. DRO - Impact Analysis
5. Types: Market Size & Analysis
5.2. Radial Tires
5.3. Bias Tires
6. Vehicle Types: Market Size & Analysis
6.3. Dump Truck
7. End-Use: Market Size & Analysis
7.2. Construction and Mining
8. Geography: Market Size & Analysis
8.2. North America
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
11. Companies to Watch
11.1. Triangle Group Co. Ltd
11.1.2. Products & Services
11.1.3. Business Strategy
12. Analyst Opinion
For more information about this report visit https://www.researchandmarkets.com/r/tvw31z
View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005687/en/
Laura Wood, Senior Press Manager
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