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OTR Tire Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Omnitec Security Systems LLC Rapiscan Systems, Inc. SCANLAB GmbH

10-07-2024 01:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

OTR Tire Market

OTR Tire Market

OTR tire market is anticipated to grow at a significant CAGR of 14.7% during the forecast period (2024-2031). The market growth is attributed to the increasing infrastructure projects globally and an increased need for heavy machinery in the mining, construction, and agricultural sectors accelerating the demand for OTR tires. Furthermore, increasing tire technology innovation including improved tread patterns and durability stimulates market expansion by increasing equipment operator productivity and decreasing downtime.

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The real-time OTR tire monitoring system maintains track tire temperature and air pressure. On vehicles used in the mining, construction, and other off-road industries, operators can ensure correct tire inflation and preserve the life of the tires with the help of an OTR monitoring system. The OTR tire pressure sensor system is made especially to detect tire temperature and air pressure precisely under challenging conditions. Tyre operators in mining, quarrying, and other heavy machinery off-road vehicle applications can benefit from its precise calibration. OTR sensors are made with a seal design and an integrated filter to endure harsh operating environments, ensuring a long lifespan, improved safety, and reliable signal transmission.

full report of OTR Tire Market available @ https://www.omrglobal.com/industry-reports/otr-tire-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global OTR Tire Market Report Segment
By Equipment Type
• Articulated Dump Trucks
• Asphalt Finishers
• Backhoe Loaders
• Motor Graders
• Rigid Dump Trucks
• RTLT-Telescopic
• Skid-steer Loaders
• Wheeled Excavators
• Wheeled Loader
• Others (Agriculture Tractors)

By Tire Type
• Radial
• Bias
• Solid

By Application
• Construction & Mining Equipment
• Agriculture Tractors
• Industrial Equipment
• All-Terrain Vehicles

Global OTR Tire Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global OTR tire market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/otr-tire-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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