Market Research Report
The Future of Off-the-Road Tires to 2022
|Published by||Smithers Rapra||Product code||348309|
Delivery time: 1-2 business days
The global market for off-the-road (OTR) tires is estimated to be over 3.7 million tonnes in 2017, corresponding to a value of $24.8 billion, and is expected to show an overall five-year compound annual growth rate (CAGR) of 4 % to 2022 in volume terms, and 5.2% per year in value terms (reflecting likely price increases and greater value added).
The technological and market changes in the OTR tire industry presently and over the next five years are presenting several challenges to manufacturers and suppliers alike. Some of these challenges originate in one or more end-use market as a result of underlying market growth; or in the nature of OTR equipment or the manner in which OTR tires are used; or in technological changes in the tire or related industries; in the supply chain; or in the political and regulatory environments.
Based on extensive primary and secondary research, The Future of Off-the-Road Tires to 2022 identifies and analyses these drivers, and forecasts the fortunes of the OTR markets over the next five years.
The Future of Off-the-Road Tires to 2022 is based on an in-depth combination of primary and secondary research. Primary research included interviews with key leadership, market and technical staff employed across the global value chain for off-the-road tires. This research is supported and contextualized by an extensive literature analysis of published product launches, industrial scale-up and investments and combined with Smithers Rapra's own market intelligence and critical analysis.