Global OTR Tires Market
OTR Tires Market
According to Verified Market Research, Global OTR Tires Market was valued at USD 5.33 Billion in 2018 and is projected to reach USD 7.53 Billion by 2026, growing at a CAGR of 4.38% from 2019 to 2026.
Global OTR Tires Market Outlook
Increasing demand for agriculture tractors and construction & mining equipment owing to increased infrastructural development in emerging economies. The heavy usage of machines has increased the demand for the replacement of the tires, which is likely to boost the demand for the tires. However, the shift of energy sectors towards renewable energy, and the availability of low-cost tires are some of the restraining factors that are expected to affect the growth of the market. Moreover, growing industrial, mining, and construction industries is an opportunity for the market to grow.
Global OTR Tires Market Competitive Landscape
The Global OTR Tires Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Continental, Bridgestone, Michelin, Goodyear, Pirelli, Sumitomo, MRF, Alliance Tire Group, Yokohama, and JK Tyre & Industries Ltd.
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