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Asia Pacific OTR Tire Market Report 2022-2027

The Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting at a CAGR of 5.43% during 2022-2027.

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Asia Pacific OTR Tire Market Report 2022-2027

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  1. Asia Pacific OTR Tire Market Report 2023 By Demand, Tire Type, Tire s\Size and Vehicle Type Key Regions and Competitive Landscape www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

  2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

  3. Report Description and Highlights Report Description Asia Pacific OTR Tire Market Outlook 2023-2028: The Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting at a CAGR of 5.43% during 2022-2027. Off-the-road (OTR) tires are deeply trodden tires that are specifically developed to offer high traction on unlevelled surfaces, such as loose mud, rock, gravel, and dirt. In addition, it supports large amounts of weight to drive vehicles smoothly through challenging conditions off the road. Some common vehicle types that use OTR tires include loaders, earthmovers, graders, reach stackers, monster trucks, rigid dump trucks, and cranes. These tires also offer advantages such as high heat and rolling resistance, enhanced vehicle performance and stability, easy mobility, better durability, and reduced contact patch area. As a result, OTR tires are widely adopted across various sectors, including construction, mining, recreation, ports, and agriculture.

  4. Report Description and Highlights Report Description Asia Pacific OTR Tire Market Trends: The market is primarily driven by the expanding agriculture sector and the escalating demand for harvesters, tractors, implements, sprayers, and other vehicles in farming activities. In addition, the increasing number of large-scale projects, such as the development of highways, roads, power plants, industrial facilities, and commercial complexes, is contributing to market growth. Moreover, OTR tire is widely adopted in construction activities such as bulldozers, loaders, excavators, and trenchers. This, coupled with the implementation of modern techniques in farming activities, represents another major growth-inducing factor. Besides this, the market is further propelled by the growing popularity of dirt bikes and quads for several recreational purposes. Furthermore, the rising integration of sensor-based technologies with OTR tries to monitor tire pressure and temperature and minimize the risk of potential hazards by providing real-time data analysis is anticipated to create a positive market outlook across the Asia Pacific region in the coming years Request for a free sample report: https://www.imarcgroup.com/asia-pacific-otr-tire- market/requestsample

  5. Report Description Report Description and Highlights Market Summary: Breakup by Demand: • • OEM Replacement Breakup by Tire Type: • • Radial Tire Bias Tire Breakup by Tire Size: • • • • • • Top Tire Sizes in 24’’-30’’ Top Tire Sizes in 31’’-35’’ Top Tire Sizes in 36’’-39’’ Top Tire Sizes in 40’’-50’’ Top Tire Sizes in 51’’-55’’ Top Tire Sizes in 56’’-63’’

  6. Report Description Report Description and Highlights Breakup by Vehicle Type: • • • • Agriculture Vehicles Construction and Industrial Vehicles Mining Vehicles Others Breakup by Country: • • • • • • • China India Japan Australia Indonesia New Zealand Others On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.

  7. Report Description Report Description and Highlights Competitive Landscape With Key player: Apollo Tyres Ltd Balkrishna Industries Limited (BKT) Bridgestone Corporation CEAT Limited Cheng Shin Rubber Industry Co.Ltd Gajah Tunggal Tbk Guizhou Tyre Co. Ltd. JK Tyre Industries Ltd Michelin MRF Limited Sumitomo Rubber Industries Ltd. The Goodyear Tire & Rubber Company The Yokohama Rubber Co. Ltd. Toyo Tire Corporation Triangle Tyre Co. Ltd. View Report TOC, Figures and Tables: https://www.imarcgroup.com/asia-pacific-otr-tire-market

  8. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

  9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

  10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

  11. Contact Us FOR MORE DETAILS Visit us at : https://www.imarcgroup.com Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com

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