Asia Pacific OTR Tire Market Size, Share, Growth, Report, Analysis and Forecast by 2027

Asia Pacific OTR Tire Market Size, Share, Growth, Report, Analysis and Forecast by 2027

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Off-the-road (OTR) tires refer to deep-treaded tires that are designed to provide high traction on unlevelled surfaces, such as loose dirt, mud, rock, and gravel. They also provide heat and rolling resistance, extended durability, enhanced vehicular performance, optimum stability, easy mobility, and reduced contact patch area. Owing to these benefits, OTR tires are extensively utilized in heavy-duty vehicles such as cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), and military trucks for off-road applications in the mining, agriculture logistics, and housing industries.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

According to the latest report by IMARC Group, " Asia Pacific OTR Tire Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027", The Asia Pacific OTR Tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting at a CAGR of 5.43% during 2022-2027. 

Asia Pacific OTR Tire Market Trends and Drivers:

The market is primarily driven by the rising number of large-scale projects, including the development of roads, highways, and commercial complexes as OTR tires are extensively utilized in loaders, excavators, bulldozers, and trenchers for construction activities.

Besides this, the increasing mining activities due to the presence of metal, mineral, and coal mines across several countries, such as China, Australia, India, and Indonesia, are escalating the demand for OTR tires in mining and quarrying vehicles. Moreover, the market is further propelled by the growing popularity of dirt bikes and quads for recreational purposes.

Furthermore, the rising integration of sensor-based technologies with OTR tires to minimize the risk of potential hazards by providing real-time data analysis is creating a positive market outlook across the region.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/asia-pacific-otr-tire-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Asia Pacific OTR Tire Market 2022-2027 Analysis and Segmentation:

 The report has segmented the market on the basis of region, demand, tire type, tire size and vehicle type.

Breakup by Demand:
OEM
Replacement

Breakup by Tire Type:
Radial Tire
Bias Tire

Breakup by Tire Size:
Top Tire Sizes in 24’’-30’’
Top Tire Sizes in 31’’-35’’
Top Tire Sizes in 36’’-39’’
Top Tire Sizes in 40’’-50’’
Top Tire Sizes in 51’’-55’’
Top Tire Sizes in 56’’-63’’

Breakup by Vehicle Type:
Agriculture Vehicles
Construction and Industrial Vehicles
Mining Vehicles
Others

Breakup by Country:
China
India
Japan
Australia
Indonesia
New Zealand
Others
 
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/asia-pacific-otr-tire-market

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Competitive Landscape:

 The competitive landscape of the market has been studied in the report with the detailed profiles of the major key players operating in the industry.

Apollo Tyres Ltd
Balkrishna Industries Limited (BKT)
Bridgestone Corporation
CEAT Limited
Cheng Shin Rubber Industry Co., Ltd
Gajah Tunggal Tbk
Guizhou Tyre Co.,Ltd.
JK Tyre and Industries Ltd
Michelin
MRF Limited
Sumitomo Rubber Industries, Ltd.
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co., Ltd.
Toyo Tire Corporation
Triangle Tyre Co. Ltd.

Market Key features of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800


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