OTR Tires Market

The global OTR Tires market was valued at 6740.62 Million USD in 2021 and will grow with a CAGR of 4.48% from 2021 to 2027, based on newly published report.

The prime objective of OTR Tires Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, OTR Tires Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

OTR Tires (Off-the-road tires) are utilized for large-scale machinery at construction and mining and other sites with no roads. These tires mainly made with premium casings and durable compounds. Off-the-road tires offer substantial support for machinery used at various civil engineering sites, including ultra-large dump trucks, earth and gravel at mining and dam construction sites, bulldozers for earth removal and graders for road construction and snow removal.China is currently the world`s largest producer of OTR engineering tires, accounting for approximately 36% of the market share in 2019. Major engineering tire manufacturers in the market include Michelin, Bridgestone and Aeolus. European, American and Japanese companies occupy a larger share of the high-end market. There are many domestic manufacturers of engineering tire products, such as Aeolus Tire, Guizhou Tire, Triangle Tire, etc. Engineering tires include radial tires and solid tires, which occupy approximately 90% and 10% of the market respectively.

By Market Verdors:

Michelin

Bridgestone

TITAN

Goodyear

Yokohama Tire

BKT

China National Tire & Rubber

Continental Tire

Guizhou Tyre Co., Ltd

Double Coin Holdings

Xingyuan Tires Group

Apollo Tyre

Sailun Tyre

Triangle Tyre

Shandong Linglong Tyre

Fujian Haian Rubber

JK Tyre

Shandong Taishan Tyre

By Types:

Radial Tire

Solid Tire

By Applications:

Loader

Crane

Concrete Machinery

Mining Machine

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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