Global Off The Road Tires (OTR) Market | Latest Innovations, Developments, Analysis by Top Key Players like Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Company, THE YOKOHAMA RUBBER, K TYRE & INDUSTRIES LTD, Apollo Vredest

For the growth of business, Off The Road Tires market research report brings to light key market dynamics of sector. The report precisely describes historic data, present market trends, market environment, technological improvements, upcoming technologies and the technical progress in the related industry. Major market players, major collaborations, mergers and acquisitions are reviewed comprehensively in the Off The Road Tires market report. It gives correct insights on the current market scenario and future prospects of the Chemical & Materials industry. Furthermore, this market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis. Market risks and entry barriers make Chemical & Materials industry aware and help deciding further moves.

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Global OTR Tires Market is expected to rise from its initial estimated value was USD 5.51 billion in 2018 to an estimated value of USD 8.14 billion by 2026, registering a CAGR of 5.00% in the forecast period of 2019-2026. Increased automation in the industrial processes is also estimated to influence the OTR tires market.

Key Market Competitors: Global OTR Tires Market
Few of the major competitors currently working in the OTR tires market are :
• Continental AG
• Bridgestone Corporation
• Michelin
• The Goodyear Tire & Rubber Company
• THE YOKOHAMA RUBBER CO., LTD.
• Hankook Tire & Technology Co.,Ltd.
• Nokian Tyres plc.
• Apollo Vredestein
• KUMHO TIRE USA, INC.
• Pirelli & C. S.p.A.
• Toyo Tire Corporation
• Prometeon Tyre Group S.R.L.
• Sumitomo Rubber Industries, Ltd.
• China National Tire & Rubber Co.,Ltd.
• JK TYRE & INDUSTRIES LTD.
• Trelleborg AB
• QINGDAO RHINO TYRE CO.LTD.
• Titan International, Inc.
• BALKRISHNA INDUSTRIES LIMITED (BKT)
• CMA, LLC.
• Triangle Group Co.Ltd. and others.

Key Developments in the Market:
• In December 2018, Michelin announced it has acquisition with Camso, market leader in rubber tracks for farm equipment and snowmobiles. Merging Camso with Michelin’s OTR segment will create the world’s largest player in the off the road tire market. This will benefit Michelin from the expertise of Camso team as well as in technology, research and development and manufacturing.
• In March 2016, JK Tyre & Industries Limited, major player in Indian tyre market launched 18.00-25 Port Champion IND4 40PR TL at the 6TH International Mining, Exploration, Minerals Processing Technology, Metals, and Machinery Exhibition 2016.It is specially designed to operate in moderate to difficult work-conditions. This new launch will help the company to expand and strengthen its product portfolio.

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Market Drivers:
• Increasing demand for Off-Highway Vehicles is driving the market growth
• Technology advancement and automation is expected to drive the market for OTR.

Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Off The Road Tires Market Landscape
Part 04: Global Off The Road Tires Market Sizing
Part 05: Global Off The Road Tires Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
And More… Get Detailed TOC https://databridgemarketresearch.com/toc/?dbmr=global-otr-tires-market

Market Restraints:
• Rise in raw material, operating cost and demand supply gap in the industry acts as the challenges for the market.
• The low cost tires from unorganized market which decreases the sale of organized market and cheaper tires availability from Chinese market are also some factor responsible for the restraints and decline of OTR market.

Segmentation: Global OTR Tires Market
By Type
• Wheeled
o Rubber Tracks
By Tire Type
• Radial
• Bias
• Solid
By Rim Size
•

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