|04-15-2019 05:04 PM CET - Business, Economy, Finances, Banking & Insurance||
OTR Tires Market- Asia Pacific Region Projected to Witness Highest CAGR of 5.2% till 2024 by Goldstein Research
Press release from: Goldstein Research
According to Goldstein Research, OTR tires market is expected to reach USD 369.2 billion by 2024, growing at a CAGR of 14.2% over the forecast period 2016-2024. The major driver in OTR market is rising construction and mining activities in developing regions. The global construction market is witnessed to be growing by 85.0% to USD 15.5 trillion worldwide by 2030, with three countries, China, the US and India, leading the way.
Asia Pacific region is anticipated to be the fastest growing OTR tire market, which is likely to expand at a CAGR of 5.2% over the forecast period owing to huge government expenditure over mining sector and rapid urbanization in the region.
Global OTR (Off-the-Road) Tires Market can be segmented as follows:
By Product Type
• Radial Tires
• Bias Tires
• Non-Pneumatic Tires
By Vehicle Type
• Loader and Dozers
• Material Handling Equipment
• Tractors and Agricultural Equipment
By End Users
• Other (Defense etc.)
• North America OTR (Off-the-Road) Tires Market Analysis, 2016-2024
• Europe OTR (Off-the-Road) Tires Market Analysis, 2016-2024
• The Middle East And Africa OTR (Off-the-Road) Tires Market Analysis, 2016-2024
• Latin America OTR (Off-the-Road) Tires Market Analysis, 2016-2024
• Asia Pacific OTR (Off-the-Road) Tires Market Analysis, 2016-2024
• Rest Of The World OTR (Off-the-Road) Tires Market Analysis, 2016-2024
OTR tires market report by Goldstein Research highlights an in-depth overview of the global OTR (Off-the-Road) tires market. The report highlights the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of OTR (Off-the-Road) tires market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the OTR tires market discussed in the report are: Bridgestone, Goodyear, Yokohama Tire, Michelin,China National Tyre & Rubber, Continental, MRF, Belshina, Eurotire, Linglong Tire, Cheng-Shin Rubber, BKT, Alliance Tire Group, Fujian Haian Rubber, PrinxChengshan, Apollo, Doublestar, Triangle, Pirelli, Double Coin Holdings, Shandong Yinbao, JK Tyre, Techking Tires, Maxam Tire, Shandong TaishanTyre, Hawk International Rubber, Dunlop, etc.
Further, Global OTR (Off-the-Road) Tires Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The OTR (Off-the-Road) Tires Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also contains the expert analysis related to complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the industry, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.
Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
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