Global OTR tire market is expected to grow with a CAGR of 4.2% over the forecast period from 2020-2026 – GlobeNewswire

Global OTR tire market is expected to grow with a CAGR of 4.2% over the forecast period from 2020-2026 – GlobeNewswire

New York, Aug. 28, 2020 (GLOBE NEWSWIRE) — announces the release of the report “OTR Tire Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026” –
2% over the forecast period from 2020-2026. The study on OTR tire market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.

The report on OTR tire market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global OTR tire market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global OTR tire market over the period of 2018 to 2026. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings
1) Drivers
• The growth in infrastructure development activities worldwide.
• Increasing demand for OTR tires from several sectors such as agriculture, mining, construction, and industrial
2) Restraints
• Fluctuation in raw material prices
3) Opportunities
• E to the environmental concerns among the OTR tires manufacturers concentrating on the developing new using environment-friendly materials instead of conventional oil-based synthetics and natural rubber
• Rising government subsidies on several agriculture types of equipment across the world

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global OTR tire market is segmented on the basis of sales channel, industry type, and tire type.

The Global OTR Tire Market by Sales Channel
• Aftermarket

The Global OTR Tire Market by Industry Type
• Construction & Mining
o Loaders
o Dozers
o Excavators
o Articulated Dump Trucks
o Rigid Dump Trucks
o Motor Scrappers
o Motor Graders
• Agricultural
o Agricultural Equipment
o Tractors
• Industrial
o Electric Rider Trucks
o Electric Warehouse Trucks
o IC Trucks

The Global OTR Tire Market by Tire Type
• Radial
• Bias
• Solid

Company Profiles
• Triangle Group
• Double Coin Tyre Group Ltd
• Titan International, Inc.
• Qingdao Rhino Tyre Co., Ltd.
• Apollo Tyres Ltd
• Balkrishna Industries Limited
• China Chemical Rubber Co., Ltd.
• Trelleborg AB
• Nokian Tyres
• Sumitomo Rubber Industries, Ltd

What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the OTR tire market.
2. Complete coverage of all the segments in the OTR tire market to analyze the trends, developments in the global market and forecast of market size up to 2026.
3. Comprehensive analysis of the companies operating in the global OTR tire market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Read the full report:

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