Asia-Pacific OTR Tire Industry to 2027 – Featuring Apollo Tyres, Gajah Tunggal and JK Tire among others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The report “Asia-Pacific OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The Asia-Pacific OTR tire market reached a volume of 42.99 million units in 2021. Looking ahead, the editor expects the market to reach 58.72 million units by by 2027, posting a CAGR of 5.43% in 2022-2027.
Apollo Tires Ltd.
Balkrishna Industries Limited (BKT)
Cheng Shin Rubber Industry Co. Ltd
Gajah Tunggal Tbk
Guizhou Tire Co.,Ltd.
Sumitomo Rubber Industries Ltd.
The Goodyear Tire & Rubber Company
Yokohama Rubber Co.Ltd.
Toyo Tire Company
Triangle Tire Co.Ltd.
Keeping in mind the uncertainties of COVID-19, they continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor
All Terrain Tires (OTR) are deep tread tires specifically designed to provide high traction on uneven surfaces, such as loose dirt, mud, rock and gravel. Some of the common vehicle types that use OTR tires include rigid dump trucks, loaders, stackers, cranes, monster trucks, etc. These tires offer many advantages associated with high heat and rolling resistance, better durability, improved vehicle performance and stability, ease of mobility, reduced contact patch, etc. As a result, OTR tires are widely adopted in various industries including construction, mining, recreation, agriculture, etc.
The growing number of large-scale projects including the development of roads, highways, power plants, industrial facilities, commercial complexes, etc. are mainly driving the OTR market in the Asia-Pacific region. OTR tires find wide applications in loaders, excavators, bulldozers, trenchers, etc., for construction activities in various geographical areas. Apart from this, the wide presence of metal, mineral and coal mines in several countries, such as China, Australia, India and Indonesia, also propels the demand for OTR tires in vehicles of mines and quarries, such as large transport trucks.
Additionally, significant growth in the agricultural sector coupled with rising importance of agricultural mechanization trends is further accelerating the growth of the market in the region. In addition to this, the growing popularity of dirt bikes and quads for several recreational purposes acts as another important growth factor. Additionally, increasing integration of sensor-based technologies with OTR tires to monitor tire pressure and temperature and reduce the risk of potential hazards by providing real-time data analysis is expected to drive the tire market growth. in Asia-Pacific in the coming years.
Answers to key questions in this report:
How has the Asia-Pacific OTR tire market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Asia-Pacific OTR Tire Market?
What are the main regional markets?
What is the breakdown of the market according to demand?
What is the market breakdown by tire type?
What is the market breakdown by tire size?
What is the market breakdown by type of vehicle?
What are the different stages of the industry value chain?
What are the key drivers and challenges in the industry?
What is the structure of the Asia-Pacific OTR tire market and who are the key players?
How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Asia-Pacific OTR Tire Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Application
7 Market Breakdown by Tire Type
8 Market Breakdown by Tire Size
9 Market Breakdown by Vehicle Type
10 Market Breakdown by Countries
11 SWOT Analysis
12 Value chain analysis
13 Analysis of the five forces of carriers
14 Price Analysis
14.1 Main Price Indicators
14.2 Price structure
14.3 Price trends
15 Policy and regulatory landscape
16.1 Market structure
16.2 Key Players
16.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/rdyfa1