Press release
Europe Off-the-Road (OTR) Tire Market Size, Key Companies/Manufacturers and Forecast 2023-2028 | Michelin, Nokian Tyres, Pirelli, The Goodyear Tyre & Rubber Company
IMARC Group has recently released a new research study titled "Europe Off-the-Road (OTR) Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The Europe off-the-road (OTR) tire market is expected to exhibit a growth rate (CAGR) of 4.52% during 2023-2028.
Off-the-road (OTR) tires are characterized by their rugged, heavy-duty tread patterns and sidewalls designed to resist punctures, making them highly resilient to damage caused by encounters with rocks and ensuring a strong grip in challenging terrains like mud and loose sediment. OTR tires are known for their superior durability, reduced heat generation and rolling resistance, improved vehicle performance, easy maneuverability, minimized contact patch area, and optimal stability. These exceptional attributes make them the preferred choice for the large-scale machinery used in construction, mining, and other work sites that lack conventional roads.
Request to Get the Sample Report: https://www.imarcgroup.com/europe-off-the-road-tire-market/requestsample
Europe OTR Tires Market Growth Factors and Industry Demand, Trends:
The European market is poised for growth, driven by a surge in infrastructure development projects and the expanding construction industry. Furthermore, the ongoing development of various infrastructural initiatives, including dams, bridges, highways, and power supply grids throughout the region, is expected to provide strong support for market expansion.
The increasing adoption of radial OTR tires is a key factor projected to fuel market growth, as these tires offer benefits such as reduced fuel consumption, enhanced mileage, and improved road traction. Additionally, the burgeoning mining industry is fostering demand for large haul trucks across various mining and quarrying applications, further boosting the need for OTR tires.
Moreover, substantial growth in the agriculture sector, coupled with the increasing adoption of farm mechanization practices, is anticipated to contribute significantly to market growth in the forecast period.
The report provides a comprehensive analysis of the industry key players listed below:
Europe Off-the-Road (OTR) Tire Comapnies/Manufacturers:
• Balkrishna Industries Limited
• Bridgestone Corporation
• Continental AG
• Double Coin Tyre Group Ltd.
• Michelin
• Nokian Tyres
• Pirelli
• The Goodyear Tyre & Rubber Company
• Trelleborg
• Triangle Tires
• Yokohama Rubber Company Limited
You Can Buy Report Directly and Get Up-To 10% Discount: https://www.imarcgroup.com/checkout?id=3979&method=7
Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
• Mining Vehicles
• Construction & Industrial Vehicles
• Agricultural Vehicles
• Others
Breakup by Tire Type:
• Radial Tire
• Bias Tire
Breakup by End Use:
• OEM
• Replacement
Breakup by Distribution Channel:
• Online
• Offline
Breakup by Rim Size:
• Below 24 inches
• 24-30 inches
• 31-35 inches
• 36-39 inches
• 40-50 inches
• 51-55 inches
• Above 56 inches
Breakup by Country:
• Germany
• France
• Russia
• United Kingdom
• Italy
• Spain
• Others
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
The Europe off-the-road (OTR) tire market is expected to exhibit a growth rate (CAGR) of 4.52% during 2023-2028.
Off-the-road (OTR) tires are characterized by their rugged, heavy-duty tread patterns and sidewalls designed to resist punctures, making them highly resilient to damage caused by encounters with rocks and ensuring a strong grip in challenging terrains like mud and loose sediment. OTR tires are known for their superior durability, reduced heat generation and rolling resistance, improved vehicle performance, easy maneuverability, minimized contact patch area, and optimal stability. These exceptional attributes make them the preferred choice for the large-scale machinery used in construction, mining, and other work sites that lack conventional roads.
Request to Get the Sample Report: https://www.imarcgroup.com/europe-off-the-road-tire-market/requestsample
Europe OTR Tires Market Growth Factors and Industry Demand, Trends:
The European market is poised for growth, driven by a surge in infrastructure development projects and the expanding construction industry. Furthermore, the ongoing development of various infrastructural initiatives, including dams, bridges, highways, and power supply grids throughout the region, is expected to provide strong support for market expansion.
The increasing adoption of radial OTR tires is a key factor projected to fuel market growth, as these tires offer benefits such as reduced fuel consumption, enhanced mileage, and improved road traction. Additionally, the burgeoning mining industry is fostering demand for large haul trucks across various mining and quarrying applications, further boosting the need for OTR tires.
Moreover, substantial growth in the agriculture sector, coupled with the increasing adoption of farm mechanization practices, is anticipated to contribute significantly to market growth in the forecast period.
The report provides a comprehensive analysis of the industry key players listed below:
Europe Off-the-Road (OTR) Tire Comapnies/Manufacturers:
• Balkrishna Industries Limited
• Bridgestone Corporation
• Continental AG
• Double Coin Tyre Group Ltd.
• Michelin
• Nokian Tyres
• Pirelli
• The Goodyear Tyre & Rubber Company
• Trelleborg
• Triangle Tires
• Yokohama Rubber Company Limited
You Can Buy Report Directly and Get Up-To 10% Discount: https://www.imarcgroup.com/checkout?id=3979&method=7
Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
• Mining Vehicles
• Construction & Industrial Vehicles
• Agricultural Vehicles
• Others
Breakup by Tire Type:
• Radial Tire
• Bias Tire
Breakup by End Use:
• OEM
• Replacement
Breakup by Distribution Channel:
• Online
• Offline
Breakup by Rim Size:
• Below 24 inches
• 24-30 inches
• 31-35 inches
• 36-39 inches
• 40-50 inches
• 51-55 inches
• Above 56 inches
Breakup by Country:
• Germany
• France
• Russia
• United Kingdom
• Italy
• Spain
• Others
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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