World OTR Tire Market Value to Reach USD 30.40 Bn by 2022, Predicts TechSci Research in Its Topical Report Available at MarketPublishers.com13 Jun 2017 • by Natalie Aster
LONDON – The world market for OTR tires is projected to gather steam at a healthy CAGR in the offing due to the surging usage of heavy machineries and equipment in farming, industrial and mining sectors.
The world OTR tire marketplace is projected to amount to USD 30.40 billion by 2022. APAC, which holds the largest share in the global market as of 2016, is expected to keep on taking the lead in the market in the offing. Key factors that contribute to the regional OTR tire market growth encompass the huge population size, comparably accelerated GDP growth rate and surging use of OTR vehicles, particularly in the farming and services industry verticals.
Michelin, BKT, Goodyear, Bridgestone, Yokohama, Continental, and Pirelli, among others, are few of the top firms active in the worldwide OTR tire market space.
Topical report “Global OTR Tire Market Forecast & Opportunities, 2012-2022” worked out by TechSci Research is an unrivalled source of data and information on the market for organic acid.
The report provides insights into the global market size (value and volume) and forecast; market share and forecast by vehicle type, company, region, and demand category; market attractiveness index by region and vehicle type. The study offers provides detailed market analysis at a regional and country level, including a segmental analysis by vehicle type, firm, region and based on demand category. The research sheds light on the changing market trends and emerging opportunities, scrutinises the competitive scenario and profiles the prominent industry players, speculates on the growth trajectory of the market over the next decade, and offers valuable strategic recommendations.
For more in-demand market research reports by this publisher visit TechSci Research catalogue.