OTR Tires Market worth 7.68 Billion USD by 2025


Posted July 5, 2018 by sumityp

The OTR tires market was valued at USD 5.34 Billion in 2017 and is projected to grow at a CAGR of 4.64% during the forecast period to reach to USD 7.68 Billion by 2025.

 
The report "OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025", The OTR tires market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025 to reach USD 7.68 Billion by 2025 from USD 5.34 Billion in 2017. The market is projected to grow due to key reasons such as increasing demand for agriculture tractors and construction & mining equipment caused by mechanization and high infrastructural development in developing countries. The increase in manufacturing activities in developing economies is projected to drive the market for industrial equipment tires.

Browse 99 market data Tables and 56 Figures spread through 183 Pages and in-depth TOC on "OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025"

https://www.marketsandmarkets.com/Market-Reports/otr-tire-market-205158802.html
Early buyers will receive 10% customization on reports.

“OTR tires for Agriculture tractors accounts to have the largest market”

Among all the applications agriculture tractors segment is expected to account for the largest market share in 2017. The
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By marketsandmarkets
Phone 1-888-600-6441
Business Address MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062
Country United States
Categories Automotive , Business
Tags otr tires market
Last Updated July 5, 2018