OTR Tire Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027

ReportLinker Segmented By Vehicle Type (Mining, Construction & Industrial Equipment, Agriculture Vehicles, Others), By Demand Category (Replacement, OEM), By Tire Construction Type (Bias, Radial), By Region. New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "OTR Tire Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027" – https://www.reportlinker.com/p06421138/?utm_source=GNW The global OTR tire market was valued at USD23,772.68 million in 2021 and is forecast to register a CAGR of 6.66% to reach USD35,281.43 million in the year 2027. The growth in the market is a result of the improvements in the infrastructure sector. The rapid globalization, and rising public, and private investments in infrastructure are expected to increase the demand for construction and mining machinery, hence contributing to the growth of Global OTR Tire Market. These factors are also likely to boost the replacement OTR tire market because of the increased utilization of such vehicles in the industry. The increase in the usage of agricultural vehicles in farming activities because of the rise of medium-sized farms is also influencing the market trends. All these factors are expected to provide a boost to the global OTR tire market. Increasing labor costs are […]

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