Press release
Europe Off-the-Road (OTR) Tire Market Size, Key Companies/Manufacturers and Forecast 2023-2028 | Michelin, Nokian Tyres, Pirelli, The Goodyear Tyre & Rubber Company
Europe Off-the-Road (OTR) Tire Market Size, Key Companies/Manufacturers and Forecast 2023-2028
The Europe off-the-road (OTR) tire market is expected to exhibit a growth rate (CAGR) of 4.52% during 2023-2028.
Off-the-road (OTR) tires are characterized by their rugged, heavy-duty tread patterns and sidewalls designed to resist punctures, making them highly resilient to damage caused by encounters with rocks and ensuring a strong grip in challenging terrains like mud and loose sediment. OTR tires are known for their superior durability, reduced heat generation and rolling resistance, improved vehicle performance, easy maneuverability, minimized contact patch area, and optimal stability. These exceptional attributes make them the preferred choice for the large-scale machinery used in construction, mining, and other work sites that lack conventional roads.
Request to Get the Sample Report: https://www.imarcgroup.com/europe-off-the-road-tire-market/requestsample
Europe OTR Tires Market Growth Factors and Industry Demand, Trends:
The European market is poised for growth, driven by a surge in infrastructure development projects and the expanding construction industry. Furthermore, the ongoing development of various infrastructural initiatives, including dams, bridges, highways, and power supply grids throughout the region, is expected to provide strong support for market expansion.
The increasing adoption of radial OTR tires is a key factor projected to fuel market growth, as these tires offer benefits such as reduced fuel consumption, enhanced mileage, and improved road traction. Additionally, the burgeoning mining industry is fostering demand for large haul trucks across various mining and quarrying applications, further boosting the need for OTR tires.
Moreover, substantial growth in the agriculture sector, coupled with the increasing adoption of farm mechanization practices, is anticipated to contribute significantly to market growth in the forecast period.
The report provides a comprehensive analysis of the industry key players listed below:
Europe Off-the-Road (OTR) Tire Comapnies/Manufacturers:
• 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
You Can Buy Report Directly and Get Up-To 10% Discount: https://www.imarcgroup.com/checkout?id=3979&method=7
Market Segmentation:
The report has segmented the market into the following categories:
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
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe Off-the-Road (OTR) Tire Market Size, Key Companies/Manufacturers and Forecast 2023-2028 | Michelin, Nokian Tyres, Pirelli, The Goodyear Tyre & Rubber Company here
News-ID: 3244870 • Views: …
More Releases from IMARC Group
Retirement Planning Services Business Plan 2025: Market Overview and Investment …
IMARC Group's "Retirement Planning Services Business Plan and Project Report 2025: Industry Trends, Business Setup, Revenue Model, Investment Opportunities, Income, Expenses, and Profitability" delivers a complete framework for establishing and managing a profitable retirement planning services firm. This report provides detailed insights into market trends, investment opportunities, financial forecasts, and operational models. It serves as a vital tool for entrepreneurs, consultants, and investors aiming to evaluate business feasibility or enhance…
Indonesia Facility Management Market Overview & Statistics, Size, Share, Industr …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Facility Management Market Report by Facility Management Type (Inhouse Facility Management, Outsourced Facility Management), Offering Type (Hard FM, Soft FM), End User (Commercial, Institutional, Public/Infrastructure, Industrial, Others), and Region 2025-2033," the report presents a thorough review featuring the Indonesia facility management market share, growth, trends, and research of the industry.
Market Size & Future Growth Potential:
The Indonesia…
Singapore Logistics Market Statistics & Trends, Outlook, Size, Share, Industry A …
As indicated in the latest market research report published by IMARC Group, titled "Singapore Logistics Market Report by Model Type (2 PL, 3 PL, 4 PL), Transportation Mode (Roadways, Seaways, Railways, Airways), End Use (Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Construction, Automotive, Telecom, Oil and Gas, Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It…
Milk Processing Plant Setup in India 2025: Business Plan, Opportunities, Cost, a …
Overview: Expanding Opportunities in India's Dairy Processing Sector
India's dairy industry is witnessing unprecedented growth, driven by rising consumption of milk and milk-based products, increasing urbanization, and government initiatives supporting rural dairy development. Within this expanding sector, the establishment of a milk processing plant presents a promising business opportunity for entrepreneurs and investors. Milk processing is a crucial component of the dairy value chain, transforming raw milk into products such as…
More Releases for OTR
Driving Forces Of Agricultural Machinery On OTR Tires Market Growth: A Key Drive …
The OTR Tires Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current OTR Tires Market Size and Its Estimated Growth Rate?
The market size for OTR tires has witnessed a robust expansion in the past few years. The market growth is expected to…
OTR Tires Market worth $11.0 billion by 2026
The Global OTR Tires Market is projected to grow from USD 8.7 billion in 2021 to USD 11.0 billion by 2026, at a CAGR of 5.0% during the forecast period. Increase in infrastructural development activities and growth in mining sector has created higher demand for the construction and mining equipments which is driving the demand for OTR tires from the OEMs. Also higher demand for farm mechanization and various schemes…
OTR Tires Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the OTR Tires market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global OTR Tiresmarket by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of OTR Tiresmarket, market definition, overview, industry opportunities and trends, investment…
Radial OTR Tires Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Radial OTR Tires Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Radial OTR Tires players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Radial OTR Tires with respect…
Future of The Road Tires (OTR) Sales Report 2017
Report Hive market Research Released a New Research Report of 116 pages on Title "Future of The Road Tires (OTR) Sales Report 2017" with detailed Analysis, Forecast and Strategies.
In this report, the global Off The Road Tires (OTR) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically,…
Global OTR Tires Market Professional Survey Report 2016
Qyresearchreports include new market research report”Global OTR Tires Market Professional Survey Report 2016″ to its huge collection of research reports.
The research report on the global OTR Tires market studies the market in the past based on which estimates are presented for the future. The report looks into vital market indicators, trends, and opportunities that will have a bearing on the development of this market.
The report begins with an outline of…
