Ozone Market Reports projects that the OTR Tires market size will grow from USD 5.44 Billion in 2017 to USD 7.15 Billion by 2023, at an estimated CAGR of 4.68%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The OTR tires market is projected to grow due to the increasing demand for agriculture tractors, construction & mining equipment fueled by mechanization and high infrastructural development in developing countries. Due to increased machine hours, the tire replacement time has seen a slight decline in recent times. Retreaded tires cost 1/3rd of the price of new tires and have good durability. Thus, the market for retreaded tires is projected to grow significantly in near future.
By Market Players:
Continental , Bridgestone , Michelin , Goodyear , Pirelli , Sumitomo , Yokohama , Hankook Tire , Nokian , Ceat, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
By Agriculture Tractors
<30 hp Tractors , 31–100 hp Tractors , 101–200 hp Tractors , >200 hp Tractors, , , , ,
By Industrial Equipment
Forklift , Aisle Trucks , Tow Tractors , Container Handlers, , , , ,
Wheeled , Rubber Tracks, , , , , , ,
Pre-Cure , Mold Cure, , , , , , ,
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
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