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According to Goldstein Research Black Matt Paradis Jersey , OTR tires market is expected to reach USD 369.2 billion by 2024, growing at a CAGR of 14.2% over the forecast period 2016-2024. The major driver in OTR market is rising construction and mining activities in developing regions. The global construction market is witnessed to be growing by 85.0% to USD 15.5 trillion worldwide by 2030, with three countries, China, the US and India, leading the way.
Global OTR (Off-the-Road) tires market is largely dominated by the Asia Pacific Black Derek Wolfe Jersey , with a market share of 28.0%. Asia Pacific region is anticipated to be the fastest growing OTR tire market, which is likely to expand at a CAGR of 5.2% over the forecast period owing to huge government expenditure over mining sector and rapid urbanization in the region.
Browse Full Report:聽 Market Segmentation
Global OTR (Off-the-Road) Tires Market can be segmented as follows:
By Product Type Radial Tires Bias Tires Non-Pneumatic Tires By Vehicle Type Earthmovers Loader and Dozers Graders Material Handling Equipment Tractors and Agricultural Equipment By End Users Construction Industrial Mining Agriculture Ports Other (Defense etc.) By Region North America OTR (Off-the-Road) Tires Market Analysis, 2016-2024 Europe OTR (Off-the-Road) Tires Market Analysis, 2016-2024 The Middle East And Africa OTR (Off-the-Road) Tires Market Analysis, 2016-2024 Latin America OTR (Off-the-Road) Tires Market Analysis, 2016-2024 Asia Pacific OTR (Off-the-Road) Tires Market Analysis Black Chris Harris Jr Jersey , 2016-2024 Rest Of The World OTR (Off-the-Road) Tires Market Analysis, 2016-2024
OTR tires market report by Goldstein Research highlights an in-depth overview of the global OTR (Off-the-Road) tires market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, vehicle type, end users and geography.