OTR Tires Market to 2025 - Driven by Agriculture Tractors and Construction & Mining Equipments (Global Forecast, Trends, Opportunity and Industry Analysis)
The ecosystem of the OTR tires market consists of manufacturers and Tier 1 suppliers such as Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook (South Korea), Nokian (
(EMAILWIRE.COM, December 13, 2018 ) The OTR tires market was valued at USD 4.91 Billion in 2016 and is projected to reach USD 7.68 Billion by 2025, growing at a CAGR of 4.64% during the forecast period. Increase in infrastructural activities, government subsidies, & rapid mechanization in agriculture are expected to boost OTR tires requirement.
Access Free Sample Papers of OTR Tires Market Research Now at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1319048 .
OTR tires market for construction & mining equipment is projected to grow at the fastest CAGR during the forecast period from 2017 to 2022. The growth of the infrastructure industry is expected to drive the construction equipment market and, hence, the requirement of tires. This growth can be attributed to major upcoming construction projects around the globe, primarily in developing nations.
Key Target Audience
Aftermarket and tire retreading associations
Automotive OEMs
Governments national and regional environmental regulatory agencies or organizations
Manufacturers of OTR tires
Organized and unorganized aftermarket suppliers
Raw material manufacturers of tires/tire components (suppliers for Tier I)
Regional manufacturer associations
Tire retreading companies
Traders, distributors, and suppliers of tires, tire components, and raw materials
Get 20% Discount on OTR Tires Market Research Report Now at http://www.rnrmarketresearch.com/contacts/discount?rname=1319048 .
Study segments the OTR tires market by application and region. Construction and mining equipment market is estimated to grow at highest rate during forecast period. Growth will be driven by increasing demand in Asia Oceania & North America. OTR tires for agriculture tractors segment is estimated to be largest market during forecast period due to increasing demand from developing countries and Asia Oceania region.
OTR Tires Market, By Construction and Mining Equipment & Country
Articulated Dump Truck
Rigid Dump Truck
Backoe Loaders
Asphalt Finisher
Motor Grader
Motor Scraper
RTLT-Masted
RTLT-Telescopic
Skid- Steer Loaders
Wheeled Excavators
Wheeled Loaders < 80HP
Wheeled Loaders > 80HP
Crawler Dozer
Crawler Excavators
Crawler Loader
Mini Excavators
More Information on OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025 research http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1319048 .
The agriculture tractors segment is projected to be the largest segment of the OTR tires market, by application. The growth of this segment can be attributed to the increasing focus on mechanization and government subsidies in regions such as Asia Oceania and Europe.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
By Company Type: Tier-1 - 70%, Tier-2 - 20%, andTier-3/OEM - 10%
By Designation: Manager level 60%,C level - 25 % Other- 15%
By Region: Asia Oceania35%,North America - 30%, Europe - 20%, and RoW 15%
The use of tractors has significantly increased in developing and farming countries such as China and India. The agriculture tractors segment is estimated to lead the OTR tires retreading market as well, by volume. On other hand, major factors hindering growth of OTR Tires market for organized players are high cost of R&D & low-cost tires offered in unorganized market.
Access Free Sample Papers of OTR Tires Market Research Now at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1319048 .
OTR tires market for construction & mining equipment is projected to grow at the fastest CAGR during the forecast period from 2017 to 2022. The growth of the infrastructure industry is expected to drive the construction equipment market and, hence, the requirement of tires. This growth can be attributed to major upcoming construction projects around the globe, primarily in developing nations.
Key Target Audience
Aftermarket and tire retreading associations
Automotive OEMs
Governments national and regional environmental regulatory agencies or organizations
Manufacturers of OTR tires
Organized and unorganized aftermarket suppliers
Raw material manufacturers of tires/tire components (suppliers for Tier I)
Regional manufacturer associations
Tire retreading companies
Traders, distributors, and suppliers of tires, tire components, and raw materials
Get 20% Discount on OTR Tires Market Research Report Now at http://www.rnrmarketresearch.com/contacts/discount?rname=1319048 .
Study segments the OTR tires market by application and region. Construction and mining equipment market is estimated to grow at highest rate during forecast period. Growth will be driven by increasing demand in Asia Oceania & North America. OTR tires for agriculture tractors segment is estimated to be largest market during forecast period due to increasing demand from developing countries and Asia Oceania region.
OTR Tires Market, By Construction and Mining Equipment & Country
Articulated Dump Truck
Rigid Dump Truck
Backoe Loaders
Asphalt Finisher
Motor Grader
Motor Scraper
RTLT-Masted
RTLT-Telescopic
Skid- Steer Loaders
Wheeled Excavators
Wheeled Loaders < 80HP
Wheeled Loaders > 80HP
Crawler Dozer
Crawler Excavators
Crawler Loader
Mini Excavators
More Information on OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025 research http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1319048 .
The agriculture tractors segment is projected to be the largest segment of the OTR tires market, by application. The growth of this segment can be attributed to the increasing focus on mechanization and government subsidies in regions such as Asia Oceania and Europe.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
By Company Type: Tier-1 - 70%, Tier-2 - 20%, andTier-3/OEM - 10%
By Designation: Manager level 60%,C level - 25 % Other- 15%
By Region: Asia Oceania35%,North America - 30%, Europe - 20%, and RoW 15%
The use of tractors has significantly increased in developing and farming countries such as China and India. The agriculture tractors segment is estimated to lead the OTR tires retreading market as well, by volume. On other hand, major factors hindering growth of OTR Tires market for organized players are high cost of R&D & low-cost tires offered in unorganized market.
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Mr. Hrishikesh
Tel: + 18883915441
Email us
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results