OTR Tires Market by Application, Type, Retreading Market by Application, Process, and Region - Global Forecast to 2025

Dublin, April 10, 2018 -- The "OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The OTR Tires Market is Projected to Grow at a CAGR of 4.64% from 2017 to 2025 to Reach USD 7.68 Billion By 2025 from USD 5.34 Billion in 2017.

Increasing sales for agriculture tractors and construction & mining equipment to upsurge the OTR tires requirement

Increase in infrastructural activities, government subsidies, and rapid mechanization in agriculture are expected to boost the OTR tires requirement.

On the other hand, the major factors hindering the growth of the OTR Tires market for the organized players are the high cost of R&D and low-cost tires offered in unorganized market.

OTR tires market for construction & mining equipment is projected to grow at the fastest CAGR during the forecast period from 2017 to 2022. The growth of the infrastructure industry is expected to drive the construction equipment market and, hence, the requirement of tires. This growth can be attributed to major upcoming construction projects around the globe, primarily in developing nations. Additionally, major upcoming events, such as the 2016 Olympics in Brazil and the 2018 World Cup in Russia, are likely driving the market growth.

The agriculture tractors segment is projected to be the largest segment of the OTR tires market, by application. The growth of this segment can be attributed to the increasing focus on mechanization and government subsidies in regions such as Asia Oceania and Europe. The use of tractors has significantly increased in developing and farming countries such as China and India. The agriculture tractors segment is estimated to lead the OTR tires retreading market as well, by volume.

Asia Oceania and North America are estimated to dominate the OTR tires market during the forecast period. While Asia Oceania is estimated to be the largest market, North America is estimated to be the fastest growing market during the forecast period. In Asia Oceania, the growth of OTR tires has been observed with increase in farm mechanization and rapid development of infrastructure, which have boosted the usage of equipment and, thus, the requirement of OTR tires in this region. Alternatively, the market growth in North America can be attributed to the availability of state-of-the-art technology and the presence of key OEMs, which will ultimately increase the application of OTR tiers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the OTR Tires Market
4.2 OTR Tires Market, By Construction & Mining Equipment
4.3 OTR Tires Market, By Agriculture Tractors
4.4 OTR Tires Market, By Industrial Vehicles
4.5 OTR Tires Market, By Region & Application
4.6 OTR Tires Market, By Type
4.7 OTR Tires Retreading Market, By Application
4.8 OTR Tires Retreading Market, By Region
4.9 OTR Tires Retreading Market, By Process

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Sales of Off-Highway Vehicles
5.2.1.1.1 Increase in Construction Activities
5.2.1.1.2 Increasing Farm Mechanization
5.2.1.1.3 Government Subsidies on Agriculture Equipment
5.2.1.2 High Cost of New Tires Will Boost the Retreading Market
5.2.2 Restraints
5.2.2.1 Extreme Weather Conditions and Customization Lead to High R&D Expenditure
5.2.2.2 Low-Cost Tires From Unorganized Market
5.2.2.2.1 Decreasing Sales From Organized Market/Channels
5.2.2.2.2 Low Cost of Chinese Tires: Responsible Factors
5.2.3 Opportunities
5.2.3.1 Eco-Friendly Tires Can Be Extended for OTR Tires
5.2.4 Challenges
5.2.4.1 Fluctuating Raw Material Prices
5.2.5 Macro Indicator Analysis
5.2.5.1 Introduction
5.2.5.2 US
5.2.5.3 China
5.2.5.4 Germany

6 Impact Analysis
6.1 Introduction
6.1.1 Introduction of Autonomous Tractors
6.1.2 Autonomous Mining
6.1.3 OTR Tires: Technological Advances
6.1.3.1 Radial Tires
6.1.3.2 Sensor-Based Tires
6.1.3.3 Nanotechnology

7 OTR Tires Market, By Construction & Mining Equipment
7.1 Introduction
7.2 Articulated Dump Truck
7.3 Rigid Dump Truck
7.4 Backhoe Loader
7.5 Asphalt Finisher
7.6 Motor Grader
7.7 Motor Scraper
7.8 RTLT-Masted
7.9 RTLT-Telescopic
7.10 Skid-Steer Loader
7.11 Wheeled Excavator
7.12 Wheeled Loader <80 hp
7.13 Wheeled Loader >80 hp
7.14 Crawler Dozer
7.15 Crawler Excavator
7.16 Crawler Loader
7.17 Mini Excavators

8 OTR Tires Market, By Agriculture Tractors
8.1 Introduction
8.2 <30 hp Tractors
8.3 31-100 hp Tractors
8.4 101-200 hp Tractors
8.5 >200 hp Tractors

9 OTR Tires Market, By Industrial Equipment
9.1 Introduction
9.2 Forklift
9.3 Aisle Trucks
9.4 Tow Tractors
9.5 Container Handlers

10 OTR Tires Market, By Type
10.1 Introduction
10.2 Wheeled
10.3 Rubber Tracks

11 OTR Tires Market, By Application & Region
11.1 Introduction
11.2 Asia Oceania
11.3 North America
11.4 Europe
11.5 RoW

12 OTR Tires Retreading Market, By Process
12.1 Introduction
12.2 Pre-Cure
12.3 Mold Cure

13 OTR Tires Retreading Market, By Application & Region
13.1 Introduction
13.2 Asia Oceania
13.3 Europe
13.4 North America
13.5 RoW

14 Competitive Landscape
14.1 Introduction
14.2 Market Ranking Analysis
14.3 Competitive Scenario

15 Company Profiles

• Bridgestone
• Ceat
• Continental
• Goodyear
• Hankook Tire
• Michelin
• Nokian
• Pirelli
• Sumitomo
• Yokohama

For more information about this report visit https://www.researchandmarkets.com/research/3fxhzh/otr_tires_market?w=12

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         Related Topics: Automotive Tires