MarkNtel Advisors – Leading Market Research Company found Mexico Off the Road (OTR) Tire Market is expected to reach 2.88% CAGR Growth By 2026.
This report provides a comprehensive analysis of the Mexico Off the Road (OTR) Tire Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Mexico Off the Road (OTR) Tire Market
Base Year: 2020
Forecast Years: 2021-2026
Historical Years: 2016-2019
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Scope of the Mexico Off the Road (OTR) Tire Market Report:
According to the MarkNtel Advisors’ research report, “Mexico Off-the-Road Tire (OTR) Market Analysis, 2021,” the market is likely to grow at a CAGR of around 2.88% during 2021-26. The Mexican OTR tire market is an import-dependent industry with an absence of OTR tire production units. The upsurge of the Mexico OTR tire market attributes to the expanding fleet size and increasing sales of Off-highways vehicles. Further, the significantly rising demand for agriculture, construction, & mining machinery is ready to boost the OTR tires market during the forecast period, i.e., 2021-2026. The growing mining activities and the significant deployment of vehicles like earthmoving equipment are further likely to escalate the market growth rate.
Which prominent factor is expected to drive the Mexico Off the Road (OTR) Tire Market during 2021-26?
The construction sector in Mexico has witnessed steady growth in the past few years. The surging industrial, manufacturing, and construction projects in the country are also a few factors contributing to the Mexico Off-the-Road (OTR) tire market growth. In the coming years, some notable mining projects to induce demand for industrial equipment and OTR tires in Mexico include Juanicipio for silver & gold in Zacatecas state, Sonora project for lithium, Buenavista Zinc project for Zinc mining, etc.
What are the different Segment Available in the Mexico Off the Road (OTR) Tire Market?
By Type of Equipment
- Earth Moving Equipment
- Excavator
- Grader
- Loader
- Bulldozer
- Road roller
- Material Handling Equipment
- Crane
- Forklifts
- Agricultural Equipment
- Tractor
- Combines
- Others
By End-Users
- Construction
- Industrial
- Mining
- Agriculture
- Ports
By Type of Tire
- Radial
- Bias
By Demand Type
- OEMs
- Aftermarket
By Price Category
- Budget
- Premium
- Economy
By Rim Size
- Up to 20”
- 1″ to 26″
- 1″ to 35″
- 1″ to 47″
- Above 47″.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/mexico-off-the-road-tire-market.html
Leading Mexico Off the Road (OTR) Tire companies operating in the Market
- Goodyear
- Pirelli
- Continental
- Yokohama
- Michelin
- Bridgestone
- CST
- Double Coin
- Triangle Tires
- Zhongce Rubber.
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