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Investment Galore in Construction Sector Fortifies Off the Road (OTR) Tire Market

Press release Description

Albany, New York, January 2, 2019: Soaring demand for tractors and agriculture equipment vehicles on the backdrop of burgeoning demographic and anticipation for higher output is projected to impel the growth of off the road (OTR) tire market. Inclination for using sophisticated farming activities has signified the sales of tractors, thereby emanating the growth of OTR tire market.

Augmentation in the urbanization and massive investments in construction activities have upped the usage of construction vehicles; accordingly bolstering the demand for off the road (OTR) tires. These excerpts are in line with the report titled, “Off the Road (OTR) Tire Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been recently incorporated in the expanding archive of Market Research Reports Search Engine (MRRSE).

One Belt One Road development strategy pioneered by the Chinese government incorporating massive investments and infrastructural development in Europe, Asia and Africa is projected to drive the demand for OTR tires across regions.

Robust industrial activities in Latin America and Asia Pacific is spurring the sales of warehouse trucks and electric forklifts, consequently ushering the growth in OTR tires market. Significant investment in construction sectors in developing countries involving Brazil, India, China and Mexico are further fueling the demand for OTR tires. Having said that, gap of demand and supply in the industry and soaring commodity prices of natural rubber are some of the blockades in the progress of OTR tires market.

Off the Road (OTR) Tire Market: Report Synopsis

The report delves into the assessment of off the road (OTR) tire market through providing insights on drivers, opportunities, trends and restraints having an impact on the growth of the market. Further, the report assesses the market on the basis industry type, tire type, aftermarket industry type, rim size, sales channel and region.

The report starts with executive summary followed by market overview. The latter throws light on key market indicators and value chain analysis. The market overview section also includes SWOT analysis and regulation scenario providing an in-depth analysis of the market.

The final section of the report incorporates competitive landscape through Porters’ Five Force analysis. This section provides a dashboard view which includes company profile, product portfolio, financial overview and strategies. The report also includes market attractive analysis to benchmark the end-users on the basis of growth rate, market size and general attractiveness. Some of the prominent companies elucidated in the report are MICHELIN, Titan International Inc., JK Tyre & Industries Ltd., The Good Year Tire Company and Yokohama Tire Corporation, to name a few.

Off the Road (OTR) Tire Market: Research Methodology

The report provides a robust research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel. The report has been prepared on the basis of absolute dollar analysis which has often been overlooked.

The secondary research include trade journals, regulatory database and relevant patent, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles, recent trade and internal & external proprietary databases. The secondary research also includes inputs from European Automobile Manufacturers Association and Automotive Research Association of India. The primary research includes technical writing, surveys, e-mail interaction, and interviews analysis of seasoned analyst, trade associations and phonic interviews.  To provide the readers with an honest report, expert panel assesses the data collated from different sources.

Browse Full Global Off the Road (OTR) Tire Market Report with TOC :

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