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Future North America Off the Road (OTR) Tire Market: Key Dynamics, Size & Share Analysis
The North America Off the Road (OTR) Tire Market is projected to grow at a CAGR of around 6.42% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the increasing government focus on infrastructural developments, i.e., displaying a swift escalation in the number of housing facilities & industries, along with the construction of roads, railways, & airports, among others. It, in turn, is augmenting the need for heavy commercial vehicles and fueling the sales of OTR tires. Besides, various ongoing & upcoming construction projects, i.e., leading to the deployment of cranes, bulldozers, etc., is another aspect infusing the demand for OTR tires and driving the market.
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Understanding the Core Segments in the North America Off the Road (OTR) Tire Market
North America Off the Road (OTR) Tire Market Size, Share & Industry Trends Analysis- By Type of Vehicle (Earthmoving & Construction Equipment [Excavator, Backhoe Loaders, Crawler Loaders, Bulldozers, Motor Graders, Dump Trucks], Agricultural Vehicle [Tractors, Combined, Harvester, Farm Trucks, Others], Material Handling Vehicle [Cranes, Forklifts, Tippers, Others]), By Demand Type (OEM, Replacement), By Type of Tire (Radial, Bias), By Sales Channel (Exclusive Stores, Authorized Dealers or Distributors, Others), By Price Category (Budget, Economy, Premium), By Season (All Season, Summer, Winter), By Rim Diameter (20"- 25", 26"-35", 36"-48", Above 48") By Company (Michelin, Goodyear, Bridgestone, Continental, Zhongce Rubber, Kumho, Toyo, Yokohama, Trelleborg, Triangle Group)
Who Dominates the North America Off the Road (OTR) Tire Market Insights on Key Industry Players?
Companies are strengthening their presence in the North America Off the Road (OTR) Tire market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Michelin
- Goodyear
- Bridgestone
- Continental
- Zhongce Rubber
- Kumho
- Toyo
- Yokohama
- Trelleborg
- Triangle Group.
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