City of Industry, CA -- (SBWire) -- 06/27/2018 --This report studies the global OTR Tires industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
OTR Tires (Off-the-road tires) are utilized for large-scale machinery at construction and mining and other sites with no roads. These tires mainly made with premium casings and durable compounds. Off-the-road tires offer substantial support for machinery used at various civil engineering sites, including ultra-large dump trucks, earth and gravel at mining and dam construction sites, bulldozers for earth removal and graders for road construction and snow removal.
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As the global economy growth rate is forecasted to slow down, especially in China, which is one of the largest mark kets of OTR Tires; the market of OTR Tires in the following five years seems will not enjoy that fast growth. But as the market in India, Africa and some other developing regions is also promising, the industry of OTR tires is forecasted to recovery after 2016, though it will not grow as fast as what happens before 2012.
Currently, the global production capacity of OTR Tires is much higher than what is really needed. The capacity utilization rate of OTR tires manufacturers is not satisfactory. And as there are more than a hundred manufacturers of OTR Tires worldwide, the market competition is quite fierce. But it is forecasted that the number of OTR Tires worldwide may be reduced, as some enterprises may not be able to struggle to survive.
The global OTR Tires market is valued at 8410 million USD in 2017 and is expected to reach 12200 million USD by the end of 2025, growing at a CAGR of 4.8% between 2018 and 2025.
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This research report categorizes the China and global OTR Tires market by type, end-use industry, and region.
International Manufacturers Covered
Bridgestone
Michelin
Goodyear
Yokohama Tire
Titan
MRF
Continental
Belshina
Eurotire
BKT
Alliance Tire Group
Apollo
Pirelli
Maxam Tire
JK Tyre
China Local Manufacturers Covered
China National Tyre & Rubber
Cheng-Shin Rubber
Linglong Tire
Doublestar
Triangle
Fujian Haian Rubber
Prinx Chengshan
Double Coin Holdings
Shandong Taishan Tyre
Shandong Yinbao
Techking Tires
Hawk International Rubber
By Type
Radial OTR Tires
Bias (Crossply) OTR Tires
By Application
Loader
Grader
Telescopic Handlers
Articulated Truck
Wheel Tractor Scraper
Backhoe Loaders
Other
By Region
United States
Europe
Japan
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Global OTR Tires Market Growth Opportunity 2018-2025
The global OTR Tires market is valued at 8410 million USD in 2017 and is expected to reach 12200 million USD by the end of 2025, growing at a CAGR of 4.8% between 2018 and 2025.