Global OTR Tire Market: Analysis & Forecast 2015-2025

The proliferation of mining and quarrying industry and expanding sales and fleet of OTR vehicles, globally, is expected to boost sales of OTR tires in the coming years.
By: Bharat Book Bureau
 
 
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NAVI MUMBAI, India - Feb. 7, 2020 - PRLog -- Global OTR Tire Market (https://www.bharatbook.com/marketreports/global-otr-tire-market-by-vehicle-type-mining-construction-industrial-equipment-agriculture-vehicles-others-by/758817) stood at over $ 19 billion in 2019 and is projected to cross $ 31 billion by 2025, on the back of a growing number of infrastructure development projects worldwide. Rapid development in the construction of road & railway network, power supplies, housing infrastructure, industrial structures, etc. have led to the economic growth of several countries across the globe.

The proliferation of mining and quarrying industry and expanding sales and fleet of OTR vehicles, globally, is expected to boost sales of OTR tires in the coming years. Growing mechanization of agriculture farms to increase the agriculture output and decrease the labor cost is also leading to the enhanced use of agriculture equipment, which is also fueling the demand for OTR tires across the world. Some of the other key factors that would positively influence the global OTR tire market include technological advancements, expanding distributor & dealership network, rising adoption of radial tires and increasing penetration of Chinese tires.

Request a free sample copy of OTR Tire Market Report @ https://www.bharatbook.com/marketreports/sample/reports/758817

Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025

Objective of the Study:
• To analyze and forecast global OTR tire market size.
• To classify and forecast global OTR tire market based on vehicle type, company, region and demand category.
• To define, classify and forecast global OTR tire market on the basis of vehicle type, namely, mining, construction & industrial equipment, agriculture vehicles and others (includes all-terrain vehicles, sports vehicles, etc.).
• To define, classify and forecast global OTR tire market on the basis of demand category, namely OEM and replacement.
• To scrutinize the detailed market segmentation and forecast the market size by segmenting global OTR tire market into regions, namely, North America, South America, Europe, Asia-Pacific, Middle East and Africa.
• To identify drivers and challenges in global OTR tire market.
• To identify market trends & developments in global OTR tire market.
• To identify and analyze the profile of leading players operating in global OTR tire market.

Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/global-otr-tire-market-by-vehicle-type-mining-construction-industrial-equipment-agriculture-vehicles-others-by/758817

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Tags:OTR Tire Market
Industry:Automotive
Location:Navi Mumbai - Maharashtra - India
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