Off-the-Road (OTR) Tires Market: 2018 Industry Analysis Report By Size, Share, Key Players - Yokohama, Apollo, Bridgestone, Continental AG (Germany), Goodyear Tire, JK, Michelin Forecast To 2023

Off-the-Road (OTR) Tires Market 2018 Research Report, explores Global Off-the-Road (OTR) Tires Market Analysis by Construction Type (Bias, Belted bias and Radial), by Vehicle type (Mining, Agriculture Vehicles, Construction and Industrial Equipment and Others), by distribution channel (OEM and Aftermarket) and Regions. Off-the-Road (OTR) Tires Market is growing at 6% CAGR by forecast period of 2018 to 2023.

Global Off-the-Road (OTR) Tires Market Overview:
Off-the-Road (OTR) Tires Market Companies Analyzed In Report are Apollo Tyres (India), Balkrishna Industries (BKT) (India), Bridgestone (Japan), Cheng Shin Rubber Industry Co (Taiwan), Continental AG (Germany), Giti Tire (Singapore), The Goodyear Tire & Rubber Company (U.S.), JK Tyre & Industries Ltd (India), Michelin (France), Nokian Tyres plc (Finland), Pirelli & C. S.p.A. (Italy), The Titan Tire Corporation (U.S.), Toyo Tire & Rubber Co., Ltd. (Japan), Trelleborg AB (Sweden) and The Yokohama Rubber Company (Japan).

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Global off-the-road tire market is a very dynamic market and is expected to witness high growth over the forecast period. The global Off-the-road tire market is driven with the continuous growth of various sectors such as agricultural and logistics, mining and construction. The growth of the market is further driven by the increase in the use of the off-the-road vehicles such as cranes, wheel loaders, telescopic handlers, tractors and special purpose vehicles. The increasing use of technology for achieving attributes such as increased durability including heat resistance, and reduced rolling resistance, are expected to generate opportunities for the manufacturers in the global market. The increase in the use of heavy machineries and equipment in the agriculture, mining and industrial sectors, also increases the use of agricultural, mining and industrial tires.

The market experienced a downturn in the past few years, majorly, due to challenges in the coal mining segment. The increasing cost of coal mining due to the introduction of various government regulations, hinders the growth of the off-the-road tire market. The decline in the prices of crude oil has led to a weak construction and mining activities. This slowdown in the growth of the construction and mining sector, is also expected to restrict the growth of the off-the-road tire market.

Regional Analysis:
Asia Pacific region, of all regions, is expected to dominate the global off-the-road tire market. In Asia Pacific region, China is a leading manufacturer of off-the-road vehicles and it also has the maximum amount of sales, thereby driving the growth of the market in the region. Countries such as India, Japan, Thailand, and Malaysia, are also experiencing a boom in the sales of off-the-road tires and vehicles. Also, the booming agriculture and construction industry in the region, is expected to contribute growth in the global market. The growth of off-the-road tire market will be followed by the North America and Europe.

Market Segmentation:
The Off-the-Road (OTR) Tires market is segmented based on component, system, vehicle type, and electric vehicle type. On the basis of component, the market is segment into compressor, HVAC, powertrain cooling, and fluid transport. The compressor segment is expected to dominate the market during the forecast period because it performs tasks such as superheat, removes latent heat, and generate the flow of refrigerant. The compressor absorbs the vapor refrigerant from the suction line and compresses the vapor to superheat and allow the air conditioner compressor to generate the flow of refrigerant in the system. On the basis of system, the market is segmented into motor, battery, cabinet area, and others. The battery segment is expected to dominate the market in the future because of the increased use of batteries in the electric vehicles. The increased sales of electric vehicle in will enable the growth of battery during the forecast period.

Scope of Report:
This study provides an overview of the global Off-the-Road (OTR) Tires market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Off-the-Road (OTR) Tires market by its component, system, vehicle type, and electric vehicle type, and region.

The report for Global Off-the-road tire market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Major Table of Content:
1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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