 Global OTR Tires Market Growth 2019-2024
      Global OTR Tires Market Growth 2019-2024OTR 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.
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.
Currently, the global production capacity of OTR Tires is much higher than what is really needed. The capacity utilization rate of OTR tires manufacturers is not satisfactory. And as there are more than a hundred manufacturers of OTR Tires worldwide, the market competition is quite fierce. But it is forecasted that the number of OTR Tires worldwide may be reduced, as some enterprises may not be able to struggle to survive.
According to this study, over the next five years the OTR Tires market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 15100 million by 2024, from US$ 11900 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in OTR Tires business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of OTR Tires market by product type, application, key manufacturers and key regions and countries.
This study considers the OTR Tires value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Rim Diameter ≤29 inch
    29 inch<Rim Diameter≤39 inch
    39 inch<Rim Diameter≤49 inch
    Rim Diameter >49 inch
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Construction
    Mining
    Port
    Agricultural
    Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global OTR Tires consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of OTR Tires market by identifying its various subsegments.
    Focuses on the key global OTR Tires manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the OTR Tires with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of OTR Tires submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on OTR Tires. Industry analysis & Market Report on OTR Tires is a syndicated market report, published as Global OTR Tires Market Growth 2019-2024. It is complete Research Study and Industry Analysis of OTR Tires market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.