According to Markntel Advisors Report, GCC Off the Road (OTR) Tire Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Off-the-road (OTR) tires are heavy-duty tires designed for use on vehicles that operate off paved surfaces, such as those used in construction, mining, and agriculture. These tires are distinguished by their strong structure, deep tread patterns, and puncture-resistant materials, allowing them to handle extreme off-road conditions. OTR tires are available in various sizes and styles to fit many vehicles, including huge dump trucks and loaders, agricultural tractors, and forestry equipment.

 

GCC Off the Road (OTR) Tire Market Research Report & Summary:

The GCC Off the Road (OTR) Tire Market size is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024–30. The market growth imputes the surging focus of government bodies in GCC countries on infrastructure development as a means of diversifying their economies away from oil and gas.                  

Time Period Captured in the Report:

• Historical Years: 2019-2022
• Base Years: 2023
• Forecast Years: 2024-2030

Who are the Key Players Operating in the GCC Off the Road (OTR) Tire Market?

The top companies of the GCC Off the Road (OTR) Tire Market ruling the industry are: 

Pirelli Tyre S.p.A., Goodyear Middle East & Africa, Bridgestone MEA, Continental Middle East DMCC, Titan International Inc., Michelin, The Yokohama Rubber Co., Ltd., JK Tire & Industrial Ltd., Trelleborg, Triangle Group, Others

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What is included in GCC Off the Road (OTR) Tire Market Segmentation?

The GCC Off the Road (OTR) Tire Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Type of Equipment
  • Earth Moving Equipment – Market Size & Forecast, 2019-2030 (Thousands)
    • Excavator– Market Size & Forecast, 2019-2030 (Thousands)
    • Grader– Market Size & Forecast, 2019-2030 (Thousands)
    • Loader– Market Size & Forecast, 2019-2030 (Thousands)
    • Bulldozer– Market Size & Forecast, 2019-2030 (Thousands)
    • Road Roller– Market Size & Forecast, 2019-2030 (Thousands)
  • Material Handling Equipment– Market Size & Forecast, 2019-2030 (Thousands)
    • Forklifts– Market Size & Forecast, 2019-2030 (Thousands)
  • Agriculture Equipment
    • Tractor– Market Size & Forecast, 2019-2030 (Thousands)
    • Combines– Market Size & Forecast, 2019-2030 (Thousands)
    • Others (Harvester, etc.) – Market Size & Forecast, 2019-2030 (Thousands)
• By Type of Tire
  • Radial– Market Size & Forecast, 2019-2030 (Thousands)
  • Bias– Market Size & Forecast, 2019-2030 (Thousands)
• By Demand Type
  • OEMs– Market Size & Forecast, 2019-2030 (Thousands)
  • Aftermarket– Market Size & Forecast, 2019-2030 (Thousands)
• By Price Category
  • Budget– Market Size & Forecast, 2019-2030 (Thousands)
  • Premium– Market Size & Forecast, 2019-2030 (Thousands)
  • Economy– Market Size & Forecast, 2019-2030 (Thousands)
• By Tire Size
  • Tire Size 1– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 2– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 3– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 4– Market Size & Forecast, 2019-2030 (Thousands)
  • Tire Size 5– Market Size & Forecast, 2019-2030 (Thousands)
• By End Users
  • Construction– Market Size & Forecast, 2019-2030 (Thousands)
  • Industrial– Market Size & Forecast, 2019-2030 (Thousands)
  • Mining– Market Size & Forecast, 2019-2030 (Thousands)
  • Agriculture– Market Size & Forecast, 2019-2030 (Thousands)
  • Ports– Market Size & Forecast, 2019-2030 (Thousands)
• By Sales Channel
  • Direct Sales– Market Size & Forecast, 2019-2030 (Thousands)
  • Online– Market Size & Forecast, 2019-2030 (Thousands)
  • Multi Brand & Exclusive Outlets– Market Size & Forecast, 2019-2030 (Thousands)
• By Country
  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

Explore the Complete GCC Off the Road (OTR) Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-otr-tire-market.html

GCC Off the Road (OTR) Tire Market Driver:

Surging Residential & Commercial Infrastructure Projects to Augment OTR Tire Demand – Rapid urbanization and population expansion have increased demand for new housing, commercial spaces, and infrastructure development projects in the Gulf Cooperation Council (GCC) countries. Additionally, government efforts such as Saudi Vision 2030, UAE Vision 2021, and Qatar National Vision 2030, which prioritize infrastructure development, have resulted in a surge in construction projects across the region. For Instance,

 

• In 2022, the Dubai Municipality announced the construction of a housing structure for about 8,000 people in the city under a project named Al Quoz Creative Zone.

With increased construction and infrastructure development activities, the need for construction vehicles such as road rollers, bulldozers, and other machinery that runs on OTR tires is surging significantly. Owing to the tough and rough terrain on these construction sites, the OTR tires suffer frequent wear and tear and exterior damage, necessitating tire changes. As a result, with the increase in construction, demand for OTR tire replacements increases, consequently boosting the revenue growth of the GCC Off the Road (OTR) Tire Market.

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