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Research report published on global OTR tyre industry

Research report published on global OTR tyre industry

Global OOff-the-Road tyre market projected to reach $ 30.40 billion by 2022, according to a research report, Global OTR Tire Market Forecast & Opportunities, 2012-2022″.

Global OTR tyre market is expected to grow at a robust CAGR, on account of increasing use of heavy machineries and equipment in agriculture, mining and industrial sectors. Asia-Pacific garnered the largest share in the global OTR tyre market in 2016, and the region is forecast to continue dominating the market in the coming years. Major factors for the dominance of Asia-Pacific include the large population base, relatively high GDP growth rate and rising use of OTR vehicles especially in the agricultural and services sector. “Global OTR Tire Market Forecast & Opportunities, 2012-2022” discusses the following aspects in the global OTR tyre market:

Market Size & Share Forecast
– Regional and Country Market Analysis Segmental Analysis – By Vehicle Type (Agriculture Equipment, Industrial Equipment’s, ATVs, etc.), By Company, By Region and By Demand Category (OEM Vs. Replacement)
– Changing Market Trends & Emerging Opportunities
– Competitive Landscape & Strategic Recommendations

On the basis of vehicle type, global OTR tyre market has been majorly segmented into three categories, namely: mining, construction and industrial equipment; agriculture vehicles. Few of the major companies operating in global OTR tire market are Michelin, Bridgestone, Goodyear, Yokohama, Continental, BKT, Pirelli and others.

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