Off-The Road (OTR) Tire Market Segmentation Application, Technology and Market Analysis Research Report to 2030
Off-The Road (OTR) Tire Market: Introduction According to the report, the global off-the-road (OTR) tire market is projected to surpass US$ 10.6 Bn by 2030 , expanding at a CAGR of ~ 3% during the forecast period. Advancements in technology, including two tire technology, smart tires, TreadStat, and rim management system, help to track the performance of tires, which help to avoid breakdown of vehicles. The rate of adoption of agriculture tractors and equipment has increased globally. Rise in affordability of tractors and income of farmers are driving the demand for OTR tires for agriculture tractors, which is anticipated to boost the off-the-road (OTR) tire market across the globe. Major Key Players of the Off-The Road (OTR) Tire Market are: Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Continental AG, YOKOHAMA Rubber CO. Ltd., Sumitomo Tires, Apollo Tyres Ltd., Nokian Tyres, China Rubber Tire & Rubber Co. Ltd, P...