Sachin Amrutkar Submitted 2018-11-28 13:15:36 Off-Road (OTR) tires Market is expected to reach 7.97 Billion by 2026 from 5.32 Billion in 2017 at CAGR of 4.6 % (Detailed analysis of the market CAGR is provided in the report). Increasing demand for agriculture tractors Black Laremy Tunsil Jersey , construction & mining equipment fueled by mechanization and high infrastructural development in developing regions are attributed to growth in global OTR market.
Off-the-Road (OTR) tires Market
Off-Road (OTR) tires Market is segmented by construction & mining equipment, agriculture tractors, industrial equipment, type, process and geography. Increasing demand in APAC and North America Black Cordrea Tankersley Jersey , will drive the construction and mining equipment market during the forecast period. Increasing demand from developing countries will lead the agriculture tractors segment to be the largest market during the forecast period. Increase in construction activities and farm mechanization are trending the overall Off-Road (OTR) tires Market. However, extreme weather conditions and customization lead to high R&D expenditure will restrain the market growth. North America is largest market share holder region in 2016. Infrastructure development, availability of state-of-the-art technology, increasing demand for green vehicles, and the presence of a large base of tier-1 companies are leading the Off-Road (OTR) tires Market in North America. However Black Raekwon McMillan Jersey , APAC is going to emerge as one of the higher growth region in forecast period. Due to the growing population and rising per capita income, countries such as China and India are shifting towards mechanization for farming activities has created a favorable environment for the growth will drive the market in APAC region
Key Highlights:
鈥?Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Off-Road (OTR) tires Market during the forecast period 鈥?Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities 鈥?In-depth analysis of the industry on the basis of market segments Black Charles Harris Jersey , market dynamics, market size, competition & companies involved value chain 鈥?Off-Road (OTR) tires Market analysis and comprehensive segmentation with respect to the construction & mining equipment, agriculture tractors, industrial equipment Black Mike Gesicki Jersey , type, process and geography to assist in strategic business planning 鈥?Off-Road (OTR) tires Market analysis and forecast for five major geographies North America, Europe, Asia pacific, Middle East & Africa Black Minkah Fitzpatrick Jersey , Latin America and their key regions
Years that have been considered for the study are as follows:
鈥?Base Year 鈥?2017 鈥?Estimated Year 鈥?2018 鈥?Forecast Period 鈥?2018 to 2026 For company profiles, 2017 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
Research Methodology
Bloomberg, Hoovers Black Kenny Stills Jersey , and Factiva are some of the sites that are being referred to gain insights about Off-Road (OTR) tires Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Off-Road (OTR) tires Marketglobally.
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