1 / 8

Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market

The construction and mining equipment tires are expected to have a major share in the retreading market compared with agriculture and industrial equipment tires. The fleet operators are choosing retreading of tires over replacement as the cost of retreaded tires is significantly lower than that of newly replaced tires. The OTR tire retreading market is estimated to grow at the fastest rate owing to the increase in mechanization and the average working hours of machine. This leads to the wear and tear of tires.

vicky21paramguru
Télécharger la présentation

Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025 www.MarketsandMarkets.com

  2. The report "OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025", The OTR tires market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025 to reach USD 7.68 Billion by 2025 from USD 5.34 Billion in 2017. The market is projected to grow due to key reasons such as increasing demand for agriculture tractors and construction & mining equipment caused by mechanization and high infrastructural development in developing countries. The increase in manufacturing activities in developing economies is projected to drive the market for industrial equipment tires. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=205158802

  3. “OTR tires for Agriculture tractors accounts to have the largest market” • Among all the applications agriculture tractors segment is expected to account for the largest market share in 2017. The <30 hp tractors segment is estimated to have the largest demand for OTR tires during the forecast period. China and India are estimated to be the key markets for tractors in the power output range up to 100 hp. The growth in the Chinese market can be attributed to the significant rise in the agricultural mechanization level; whereas, in India, factors such as small farm sizes and price sensitivity play a vital role. • Request for Customization : • https://www.marketsandmarkets.com/requestCustomization.asp?id=205158802

  4. “Construction and Mining Equipment segment to grow at the fastest pace in the OTR tires retreading market” • The construction and mining equipment tires are expected to have a major share in the retreading market compared with agriculture and industrial equipment tires. The fleet operators are choosing retreading of tires over replacement as the cost of retreaded tires is significantly lower than that of newly replaced tires. The OTR tire retreading market is estimated to grow at the fastest rate owing to the increase in mechanization and the average working hours of machine. This leads to the wear and tear of tires. • Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=205158802

  5. “Infrastructure development and government subsidies on equipment would drive the Asian Oceania OTR tires market” • According to Global Property Guide, the number of residential and commercial buildings in Asia Oceania is expected to increase over the next decade due to the boom in the real estate market. Infrastructural activities are also projected to increase as they form a critical part in improving connectivity and promoting sustainable growth. Due to these factors, the market in Asia Oceania is expected to be the largest during the forecast period. • The key companies profiled in the study are as Continental (Germany), Bridgestone (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Sumitomo (Japan), Yokohama (Japan), Hankook Tire (South Korea), Nokian Tyres (Finland), and CEAT (India) • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=205158802

  6. The OTR tires market was valued at USD 5.34 Billion in 2017 and is projected to grow at a CAGR of 4.64% during the forecast period to reach to USD 7.68 Billion by 2025. The OTR tires market is projected to grow due to the increasing demand for agriculture tractors, construction & mining equipment fueled by mechanization and high infrastructural development in developing countries. Due to increased machine hours, the tire replacement time has seen a slight decline in recent times. Retreaded tires cost 1/3rd of the price of new tires and have good durability. Thus, the market for retreaded tires is projected to grow significantly near future. Buy Now : https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=205158802

  7. Browse >> 99market data tables 56 figures 183 pagesand in-depth TOC on "OTR Tires Market by Application (Construction & Mining Equipment, Industrial Equipment, Agriculture Tractor), Type (Wheeled, and Track), Retreading Market by Application, Process (Mold Cure and Pre-Cure), and Region - Global Forecast to 2025" Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. RohanMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

More Related