Global Off-The-Road Tyre market will reach 14900 million US$ by the end of 2025
The global Off-The-Road Tyre market is valued at 11800 million US$ in 2017 and will reach 14900 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2018-2025. https://www.qyresearch.com/index/detail/234259/global-off-the-road-tyre-market
The global Off-The-Road Tyre market is valued at 11800 million US$ in 2017 and will reach 14900 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2018-2025. https://www.qyresearch.com/index/detail/234259/global-off-the-road-tyre-market
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<strong>Global</strong> <strong>Off</strong>-<strong>The</strong>-<strong>Road</strong> <strong>Tyre</strong><br />
<strong>market</strong> <strong>will</strong> <strong>reach</strong> <strong>14900</strong> <strong>million</strong><br />
<strong>US$</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2025</strong><br />
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QYResearch<br />
• OTR Tires (<strong>Off</strong>-<strong>the</strong>-road tires) are utilized for large-scale<br />
machinery at construction and mining and o<strong>the</strong>r sites with<br />
no roads. <strong>The</strong>se tires mainly made with premium casings and<br />
durable compounds. <strong>Off</strong>-<strong>the</strong>-road tires <strong>of</strong>fer substantial<br />
support for machinery used at various civil engineering sites,<br />
including ultra-large dump trucks, earth and gravel at mining<br />
and dam construction sites, bulldozers for earth removal<br />
and graders for road construction and snow removal.
QYR<br />
• <strong>The</strong> production and sales volume <strong>of</strong> OTR tires is directly<br />
affected <strong>by</strong> downstream industries and global economy.<br />
Over <strong>the</strong> past six years, <strong>the</strong> <strong>market</strong> <strong>of</strong> construction and<br />
mining equipment has experienced fast growth and decline,<br />
as well as <strong>the</strong> OTR Tires <strong>market</strong>. <strong>The</strong> demand <strong>of</strong> OTR Tires<br />
<strong>reach</strong>ed a peak in 2013, just as what <strong>the</strong> construction and<br />
mining equipment industry experienced. And over <strong>the</strong> past<br />
two years, <strong>the</strong> OTR tires industry has faced decline which<br />
seems almost hard to bear for related enterprises.
QYR<br />
• As <strong>the</strong> global economy growth rate is forecasted to slow<br />
down, especially in China, which is one <strong>of</strong> <strong>the</strong> largest<br />
<strong>market</strong>s <strong>of</strong> OTR Tires; <strong>the</strong> <strong>market</strong> <strong>of</strong> OTR Tires in <strong>the</strong><br />
following five years seems <strong>will</strong> not enjoy that fast growth.<br />
But as <strong>the</strong> <strong>market</strong> in India, Africa and some o<strong>the</strong>r<br />
developing regions is also promising, <strong>the</strong> industry <strong>of</strong> OTR<br />
tires is forecasted to recovery after 2016, though it <strong>will</strong><br />
not grow as fast as what happens before 2013.
QYR<br />
<strong>The</strong> global <strong>Off</strong>-<strong>The</strong>-<strong>Road</strong> <strong>Tyre</strong> <strong>market</strong> is valued at 11800<br />
<strong>million</strong> <strong>US$</strong> in 2017 and <strong>will</strong> <strong>reach</strong> <strong>14900</strong> <strong>million</strong> <strong>US$</strong> <strong>by</strong> <strong>the</strong><br />
<strong>end</strong> <strong>of</strong> <strong>2025</strong>, growing at a CAGR <strong>of</strong> 3.0% during 2018-<strong>2025</strong>.<br />
Click to view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/234259/global<strong>of</strong>f-<strong>the</strong>-road-tyre-<strong>market</strong>
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