Europe Off-the-Road OTR Tire Market Size, Share, Outlook and Opportunities in Grooming Regions : Edition 2022-2027 | Balkrishna Industries Limited, Bridgestone Corporation, Continental AG

According to the latest report by IMARC Group, titled "Europe Off-the-Road (OTR) Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Europe off-the-road (OTR) tire market is expected to exhibit a CAGR of 4.57% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Off-the-Road (OTR) tires are deep-treaded tires that are widely utilized with heavy-duty equipment and vehicles. They are designed to lift heavy weights, travel on difficult terrains, including mud, gravel and loose dirt, and perform well in rough conditions. They provide excellent durability, optimum stability, and easy mobility while enhancing the overall vehicular performance. As a result, they are commonly equipped with earthmovers, bulldozers, loaders, graders, military trucks and telescopic handlers.

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A Closer Look at the Europe OTR Tire Market Size | 2022

The OTR tire market in Europe is primarily driven by significant growth in the construction industry. This is supported by the increasing investments by the governments of numerous countries across the region in infrastructural development projects. Along with this, significant growth in the mining sector has led to the rising adoption of large haul trucks across the region, which has provided a boost to the market growth. Other factors, such as the shifting preference from manual farming methods to farm mechanization in an attempt to enhance overall productivity and reduce labor costs across the agriculture sector, are contributing to the market growth further.

Europe Off-the-Road (OTR) Tire Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the Europe off-the-road tire market has been studied in the report with the detailed profiles of the key players operating in the market.

Competitive Landscape with Key Players:

• Balkrishna Industries Limited
• Bridgestone Corporation
• Continental AG
• Double Coin Tyre Group Ltd.
• Michelin
• Nokian Tyres
• Pirelli
• The Goodyear Tyre & Rubber Company
• Trelleborg
• Triangle Tires
• Yokohama Rubber Company Limited

Market Segmentation:

The report has segmented the Europe OTR tire market on the basis of vehicle type, tire type, end use, distribution channel, rim size and country.

Breakup by Vehicle Type:

• Mining Vehicles
• Construction & Industrial Vehicles
• Agricultural Vehicles
• Others

Breakup by Tire Type:

• Radial Tire
• Bias Tire

Breakup by End Use:

• OEM
• Replacement

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Rim Size:

• Below 24 inches
• 24-30 inches
• 31-35 inches
• 36-39 inches
• 40-50 inches
• 51-55 inches
• Above 56 inches

Breakup by Country:

• Germany
• France
• Russia
• United Kingdom
• Italy
• Spain
• Others

Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/europe-off-the-road-tire-market

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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