Off-the Road (OTR) Tire Market: Key Players and Production Information analysis with Forecast 2019 - 2028
Off-The Road (OTR) Tire Market: Introduction According to the report, the global off-the-road (OTR) tire market is projected to surpass US$ 10.6 Bn by 2030 , expanding at a CAGR of ~ 3% during the forecast period. Advancements in technology, including two tire technology, smart tires, TreadStat, and rim management system, help to track the performance of tires, which help to avoid breakdown of vehicles. The rate of adoption of agriculture tractors and equipment has increased globally. Rise in affordability of tractors and income of farmers are driving the demand for OTR tires for agriculture tractors, which is anticipated to boost the off-the-road (OTR) tire market across the globe. Expansion of Off-The Road (OTR) Tire Market Growing acquisitions and agreements between leading tire manufacturers across the globe are factors boosting the off-the-road (OTR) tire market across the globe. In 2019 , Apollo Tyres launched a new bias tire series...