Bharat Book

Global OTR Tire Market 

Press Release   •   May 28, 2016 13:45 IST

May 28th 2016 Mumbai, India: Bharatbook.com announces a report on “ Global OTR Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast and Opportunities, 2011 – 2021 ”. Over the last few years, construction and infrastructure sectors across the globe have been registering healthy growing rate, thereby positively influencing demand for OTR vehicles as well as OTR tires.

Globally, off-the-road (OTR) tires are majorly used in vehicles employed in agriculture, mining, construction and industrial sectors. Consequently, any changes or fluctuations in the aforementioned sectors directly influences the growth of global OTR tire market. Despite Eurozone crisis in 2012 and decline in oil prices over the last couple of years, the global OTR tire market grew at a steady pace during 2011-2015. However, the OTR vehicle production and sales across the world witnessed sluggish growth during the same period. Over the last few years, construction and infrastructure sectors across the globe have been registering healthy growing rate, thereby positively influencing demand for OTR vehicles as well as OTR tires. Moreover, increasing use of heavy machineries and equipment in agriculture, mining and industrial sectors has further swelled the demand for agricultural, mining and industrial tires.

According to “Global OTR Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast and Opportunities, 2011 - 2021”, the global OTR tire market is projected to grow at a CAGR of 8% during 2016-2021. On the basis of vehicle type, the market has been segmented into three categories - Mining, Construction & Industrial Equipment; Agriculture Vehicles; and Others. Among these categories, Mining, Construction & Industrial Equipment segment dominated the global OTR tire market during 2011-2015, and the segment in anticipated to maintain its dominance during the forecast period as well on account of growing construction, industrial and infrastructure activities across the globe and more specifically in major developing countries. As of 2015, there were over 200 OTR tire manufacturing facilities across the globe, with more than 50% plants in Asia-Pacific region. As a result, Asia-Pacific region dominated the global OTR tire market in 2015. Few of the major companies operating in global OTR tire market are Yokohama, Pirelli, Alliance, BKT, Continental, Goodyear, and Bridgestone, among others. “Global OTR Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast and Opportunities, 2011 - 2021” discusses the following aspects of global OTR tire market:

-Global OTR tire Market Size, Share & Forecast

-Segmental Analysis - By Vehicle Type (Agriculture Equipment, Industrial Equipment’s, ATVs, etc.), By Demand Category (OEM Vs. Replacement)

-Regional Analysis - Asia-Pacific, Europe, North America, South America, and Middle East & Africa

-Changing Market Trends and Emerging Opportunities

-Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

-To gain an in-depth understanding of global natural OTR tire market

-To identify the on-going trends and anticipated growth in the next five years

-To help industry consultants, OTR tire manufacturers, distributors and other stakeholders align their market-centric strategies

-To obtain research based business decisions and add weight to presentations and marketing material

-To gain competitive knowledge of leading market players

-To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interaction with OTR tire manufacturers, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

For more information kindly visit : https://www.bharatbook.com/automotive-market-research-reports-758817/global-otr-tire-mining-construction-industrial-agriculture-vehicles.html

Related Reports : https://www.bharatbook.com/industry-mfg-market-research-report/automotive.html

About Bharat Book Bureau :

Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry analysis, country reports , business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

In case the reports don’t match your requirement then we can do a specialized Custom Research for you. Our multifarious capabilities, cross-sector expertise and detailed knowledge of various markets, put us in a unique position to take up Custom Research demands of yourself.

OR

Contact us at :

Bharat Book Bureau

Tel: +91 22 27810772 / 27810773

Email: poonam@bharatbook.com

Website: www.bharatbook.com

Follow us on Facebook: https://www.facebook.com/BharatBook3B

Follow us on Twitter: https://twitter.com/researchbook

Follow us on Linked In : http://www.linkedin.com/company/bharat-book-bureau

Our Blog : https://www.bharatbook.com/blog/

Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.