OTR Tires Market to Witness Massive Growth from 2019 to 2023
Edison, NJ -- (SBWIRE) -- 07/08/2019 -- HTF MI recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of OTR Tires market. The study covers significant data which makes the research document a handy resource for managers, industry executives and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers market challenges, Regional Demand and Growth Opportunities by 2019 to 2025. Some of the key players mentioned in this research are Continental, Bridgestone, Michelin, Goodyear, Pirelli, Sumitomo, Yokohama, Hankook Tire, Nokian & Ceat.
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HTF Research projects that the OTR Tires market size will grow from USD 5.44 Billion in 2017 to USD 7.15 Billion by 2023, at an estimated CAGR of 4.68%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. The OTR tires market is projected to grow due to the increasing demand for agriculture tractors, construction & mining equipment fueled by mechanization and high infrastructural development in developing countries. Due to increased machine hours, the tire replacement time has seen a slight decline in recent times. Retreaded tires cost 1/3rd of the price of new tires and have good durability. Thus, the market for retreaded tires is projected to grow significantly in near future.
The research covers the current market size of the Global and Regional OTR Tires market and its growth rates based on 5 year history data. It also covers various types of segmentation such as by geography [North America, Europe, Asia-Pacific etc], by product /end user type [, Wheeled & Rubber Tracks], by applications [] in overall market. The in-depth information by segments of OTR Tires market helps monitor performance & make critical decisions for growth and profitability. It provides information on trends and developments, focuses on markets and materials, capacities, technologies, CAPEX cycle and the changing structure of the Global and Regional OTR Tires Market. Merger and acquisition activity forecast to change market landscape of this industry.
This study also contains company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of Global and Regional OTR Tires Market, some of them are Continental , Bridgestone , Michelin , Goodyear , Pirelli , Sumitomo , Yokohama , Hankook Tire , Nokian & Ceat. The market competition is constantly growing higher with the rise in technological innovation and M&A activities in the industry. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of OTR Tires in these regions, from 2013 to 2023 (forecast), covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- Middle East and Africa
Global and Regional OTR Tires (Thousands Units) and Revenue (Million USD) Market Split by Product Type such as , Wheeled & Rubber Tracks
Market Segment by Type 2016 2017 2018 2019 2020 2021 2022
Wheeled xx xx xx xx xx Xx xx
-Change (%) xx% xx% xx% xx% xx% xx% xx%
Rubber Tracks xx xx xx xx xx Xx xx
-Change (%) xx% xx% xx% xx% xx% xx% xx%
The research study is segmented by Application such as with historical and projected market share and compounded annual growth rate.
Global and Regional OTR Tires (Thousands Units) by Application (2017-2022)
Additionally the export and import policies that can make an immediate impact on the Global and Regional OTR Tires market. This study contains a EXIM* related chapter on the OTR Tires market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The report on the Global and Regional OTR Tires market is an important document for every market enthusiast, policymaker, investor, and player.
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Global and Regional OTR Tires Market : Some insights from TOC
Chapter 1 OTR Tires Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
...............and many more
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