OTR Tires Market Report 2023 - Market Size, Emerging Trends, Size And Forrcast To 2032 | Yokohama Rubber Company, JK Tyre & Industries Ltd., Goodyear Tire and Rubber Company, Michelin, Pirelli

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

OTR Tires Market Size, Growth Rate, And Forecast
The global otr tires market size grew from $14.82 billion in 2022 to $16.44 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The otr tires market size is expected to grow to $22.84 billion in 2027 at a CAGR of 8.6%.

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OTR Tires Market Drivers

The use of agricultural machines in day-to-day activity is expected to propel the growth of the OTR tires market going forward. Agricultural machines are the machines that are used in agriculture for farming purposes. Due to higher labor costs, a shift towards automation has increased the use of machine hours in agriculture, leading to the increased use of agricultural tractors and machinery.

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OTR Tires Market Segments

By Type: Radial Tires, Bias Tires, Solid Tires, Other Types.
By Process: Pre-Cure, Mold Cure.
By Vehicle Type: Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors, Forklifts.
By Sales Channel: Original Equipment Manufacturer, Aftermarket.
By End-User: Construction and Mining, Industrial, Agricultural, Other End Users.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the OTR Tires market.

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OTR Tires Market Key Players

Major competitors in the OTR tires market include Yokohama Rubber Company, JK Tyre & Industries Ltd., Goodyear Tire and Rubber Company, Michelin, Pirelli, Continental AG, Bridgestone.

The Business Research Company's "Global OTR Tires Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The OTR Tires Market Include:

1. Executive Summary
2. OTR Tires Market Characteristics
3. OTR Tires Market Trends And Strategies
4. OTR Tires Market - Macro Economic Scenario
5. OTR Tires Market Size And Growth
……
26. Africa OTR Tires Market
27. OTR Tires Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The OTR Tires Market
29. OTR Tires Market Future Outlook and Potential Analysis
30. Appendix

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