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Retreading market - PowerPoint PPT Presentation

OTR Tires Market,Size,Share,Application,Growth,Report (2017 to 2025)

The OTR tires market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025 to reach USD 7.68 Billion by 2025 from USD 5.34 Billion in 2017.

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Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market

The construction and mining equipment tires are expected to have a major share in the retreading market compared with agriculture and industrial equipment tires. The fleet operators are choosing retreading of tires over replacement as the cost of retreaded tires is significantly lower than that of newly replaced tires. The OTR tire retreading market is estimated to grow at the fastest rate owing to the increase in mechanization and the average working hours of machine. This leads to the wear and tear of tires.

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Retreading market - PowerPoint PPT Presentation

OTR Tires Market,Size,Share,Application,Growth,Report (2017 to 2025)

Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market