16000 M US$ in anticipated for Global OTR Tires Market to 2025

The global OTR Tires market is valued at 11900 million US$ in 2018 is expected to reach 16000 million US$ by the end of 2025, growing at a CAGR of 3.7% during 2019-2025.

This report focuses on OTR Tires volume and value at global level, regional level and company level. From a global perspective, this report represents overall OTR Tires market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. Key companies profiled on his report are Michelin, Bridgestone, Goodyear, Titan, Yokohama Tire, China National Tyre & Rubber, Continental, Alliance Tire Group, Bkt, Guizhou Tire, Linglong Tire, Apollo, Pirelli, Prinx Chengshan, Double Coin Holdings, Triangle, Zhongce Rubber, Fujian Haian Rubber, Shandong Taishan Tyre, Shandong Yinbao, Doublestar, Jk Tyre, Eurotire, Hawk International Rubber, Techking Tires and more in the terms of Product Introduction, Application, Specification, companies Production, Revenue, Price and Gross Margin (2014-2019), etc.

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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.

The production and sales volume of OTR tires is directly affected by downstream industries and global economy. Over the past six years, the market of construction and mining equipment has experienced fast growth and decline, as well as the OTR Tires market. The demand of OTR Tires reached a peak in 2013, just as what the construction and mining equipment industry experienced. And over the past two years, the OTR tires industry has faced decline which seems almost hard to bear for related enterprises.

As the global economy growth rate is forecasted to slow down, especially in China, which is one of the largest markets of OTR Tires; the market of OTR Tires in the following five years seems will not enjoy that fast growth. But as the market in India, Africa and some other developing regions is also promising, the industry of OTR tires is forecasted to recovery after 2016, though it will not grow as fast as what happens before 2013.

Currently, the global production capacity of OTR Tires is much higher than what is really needed. The capacity utilization rate of OTR tires manufacturers is not satisfactory. And as there are more than a hundred manufacturers of OTR Tires worldwide, the market competition is quite fierce. But it is forecasted that the number of OTR Tires worldwide may be reduced, as some enterprises may not be able to struggle to survive.

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Study objectives

  • To analyze and research the global capacity, production, revenue, consumption, status and forecast.
  • To present the key manufacturers, capacity, production, revenue, market share, and recent development.
  • To focus on the global key manufacturers, to define, describe and analyze the market competition landscape,
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Posted by on Friday March 22 2019, 1:33 PM EDT. All trademarks acknowledged. Filed under Automotive, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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