Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- 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.
The production and sales volume of OTR tires is directly affected by downstream industries and global economy. Over the past six years, the market of construction and mining equipment has experienced fast growth and decline, as well as the OTR Tires market. The demand of OTR Tires reached a peak in 2013, just as what the construction and mining equipment industry experienced. And over the past two years, the OTR tires industry has faced decline which seems almost hard to bear for related enterprises.
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As the global economy growth rate is forecasted to slow down, especially in China, which is one of the largest markets 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 2013.
The global Off-The-Road Tyre market was 11800 million US$ in 2018 and is expected to 14900 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2019 and 2025.
This report studies the Off-The-Road Tyre market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Off-The-Road Tyre in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Michelin
Bridgestone
Goodyear
Titan
Yokohama Tire
China National Tyre & Rubber
Continental
Alliance Tire Group
BKT
Guizhou Tire
Linglong Tire
Apollo
Pirelli
Prinx Chengshan
Double Coin Holdings
Triangle
Zhongce Rubber
Fujian Haian Rubber
Shandong Taishan Tyre
Shandong Yinbao
Doublestar
JK Tyre
Eurotire
Hawk International Rubber
Techking Tires
By the product type, the market is primarily split into
Rim Diameter ?29 inch
29 inch?Rim Diameter?39 inch
39 inch?Rim Diameter?49 inch
Rim Diameter ?49 inch
By the end users/application, this report covers the following segments
Construction
Mining
Port
Agricultural
Other
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