OTR Tire Market Size, Share & Trends by 2030
The global OTR Tire market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030 at a CAGR of 6.5%. The growing demand for heavy machinery in construction, mining, and agriculture, coupled with increasing infrastructure projects worldwide, is driving the expansion of the OTR tire market. Additionally, advancements in tire technology, such as enhanced durability and tread designs,...
OTR Tires Market Surge to reach $11.4 billion by 2027
The OTR tires market is projected to grow from USD 8.7 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 5.5% during the forecast period. Increasing demand of the off-highway vehicles due to growth in infrastructure development activities, higher demand of mining products and government initiatives to raise the demand for tractors has increased mechanization of tractors, are the driving factors...
OTR Tires Market Set to Expand Rapidly, Expected to Reach $11.4 Billion by 2027
Published by MarketsandMarkets, the OTR Tires market is projected to grow from USD 8.7 billion in 2022 to USD 11.4 billion by 2027, at a CAGR of 5.5% over the forecast period.
In European countries, owing to the war in Ukraine, there is growth in infrastructure and farming activities. Additionally, the Ukrainian people are shifting to other countries, creating housing needs. Such factors are responsible...