Europe Off-the-Road (OTR) Tire Market Price Trends 2021: Industry Overview, Size, Share, Growth and Forecast Till 2026
Europe Off-the-Road (OTR) Tire Market Price Trends 2021: Industry Overview, Size, Share, Growth and Forecast Till 2026
Published by IMARC Services Private Limited
Posted on September 23, 2021
According to the latest report by IMARC Group, titled ” Europe Off-the-Road (OTR) Tire Market Price Trends: Industry Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe off-the-road (OTR) tire market exhibited steady growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Off-the-Road (OTR) tires are deep-treaded tires that are widely utilized with heavy-duty equipment and vehicles. They are designed to lift heavy weights, travel on difficult terrains, including mud, gravel and loose dirt, and perform well in rough conditions. They provide excellent durability, optimum stability, and easy mobility while enhancing the overall vehicular performance. As a result, they are commonly equipped with earthmovers, bulldozers, loaders, graders, military trucks and telescopic handlers.
The market in Europe is primarily driven by significant growth in the construction industry. This is supported by the increasing investments by the governments of numerous countries across the region in infrastructural development projects. Along with this, significant growth in the mining sector has led to the rising adoption of large haul trucks across the region, which has provided a boost to the market growth. Other factors, such as the shifting preference from manual farming methods to farm mechanization in an attempt to enhance overall productivity and reduce labor costs across the agriculture sector, are contributing to the market growth further.
Europe Off-the-Road (OTR) Tire Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the europe off-the-road (OTR) tire market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Players:
Balkrishna Industries Limited
Bridgestone Corporation
Continental AG
Double Coin Tyre Group Ltd.
Michelin
Nokian Tyres
Pirelli
The Goodyear Tyre & Rubber Company
Trelleborg
Triangle Tires
Yokohama Rubber Company Limited
Key Market Segmentation:
The report has segmented the europe off-the-road (OTR) tire market on the basis of vehicle type, tire type, end use, distribution channel, rim size and country.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
According to the latest report by IMARC Group, titled ” Europe Off-the-Road (OTR) Tire Market Price Trends: Industry Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe off-the-road (OTR) tire market exhibited steady growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Off-the-Road (OTR) tires are deep-treaded tires that are widely utilized with heavy-duty equipment and vehicles. They are designed to lift heavy weights, travel on difficult terrains, including mud, gravel and loose dirt, and perform well in rough conditions. They provide excellent durability, optimum stability, and easy mobility while enhancing the overall vehicular performance. As a result, they are commonly equipped with earthmovers, bulldozers, loaders, graders, military trucks and telescopic handlers.
The market in Europe is primarily driven by significant growth in the construction industry. This is supported by the increasing investments by the governments of numerous countries across the region in infrastructural development projects. Along with this, significant growth in the mining sector has led to the rising adoption of large haul trucks across the region, which has provided a boost to the market growth. Other factors, such as the shifting preference from manual farming methods to farm mechanization in an attempt to enhance overall productivity and reduce labor costs across the agriculture sector, are contributing to the market growth further.
Europe Off-the-Road (OTR) Tire Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the europe off-the-road (OTR) tire market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Players:
Balkrishna Industries Limited
Bridgestone Corporation
Continental AG
Double Coin Tyre Group Ltd.
Michelin
Nokian Tyres
Pirelli
The Goodyear Tyre & Rubber Company
Trelleborg
Triangle Tires
Yokohama Rubber Company Limited
Key Market Segmentation:
The report has segmented the europe off-the-road (OTR) tire market on the basis of vehicle type, tire type, end use, distribution channel, rim size and country.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800