Global Off the Road Tire Market Size & Trends
According to a new market research report published by Global Market Estimates, the Global Off the Road Tire Market is projected to grow from USD 4.9 billion in 2022 to USD 16.4 billion in 2027 at a CAGR of 5.4% from 2022 to 2027. The major drivers of off the road tire market are increased disposable income of developing countries, demand for tires required in agricultural and mining activities. There is an increased demand for medium to large sized tractors which uses off the road tires. Due to steady increase in agriculture activity, there will be significant market growth in the forecast period. Increasing construction activities like excavation, welding, marking & grading needs heavy rollers and machinery. They use different types of off the road tires. This is another key factor which drives the market.
Browse 153 Market Data Tables and 113 Figures spread through 185 Pages and in-depth TOC on “Global Off the Road Tire Market - Forecast to 2027’’ https://www.globalmarketestimates.com/market-report/off-the-road-tire-market-3822
By Tire Type (Radial, Bias, Solid), By Application (Construction, Agriculture, Mining), By Sales Channel (Aftermarket, OEM), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East & Africa), End-User Landscape Analysis, Company Market Share Analysis, and Competitor Analysis
Key Market Insights
As per the tire type outlook, the radial segment is expected to be the largest segment in the off the road tire market from 2022 to 2027 The Asia Pacific region is analyzed to be the fastest-growing segment in the market United States has the largest share in the market during the forecast period of 20222027. As per the application type, the construction segment is expected to be the largest segment in the Off the Road Tire market from 2022 to 2027
Bridgestone Corporation, Goodyear, Apollo Tyres, Michelin, Toyo Tire Corp., Continental AG, Titan, Yokohama, Nokian Tyres, and Triangle Group, among others, are key players in the off the road tire market.
Tire Type Outlook (Revenue, USD Billion, 2022-2027)
Radial Bias Solid
Sales Channel Type (Revenue, USD Billion, 2022-2027)
Aftermarket
OEM
Application Outlook (Revenue, USD Billion, 2022-2027)
Construction Agriculture Mining
Regional Outlook (Revenue, USD Billion, 2022-2027) North America
The U.S. Canada Mexico
Europe
Germany UK France Spain Italy Rest of Europe
Asia Pacific
China
India
Japan South Korea Australia Rest of APAC
Central & South America
Brazil Argentina Rest of CSA
Middle East & Africa
Saudi Arabia
UAE Rest of MEA
Contact: Yash Jain Email address: yash.jain@globalmarketestimates.com Phone Number: +1 6026667238