Increasing per capita income, growing construction and agriculture
industries, and continuous infrastructure-based developments to drive North
America OTR tire market through 2022
According to TechSci Research report, “North America OTR Tire Market By Vehicle Type, By
Country, Competition Forecast and Opportunities, 2022”, the OTR tire market in North
America is forecast to grow at a CAGR of around 6.50% during 2017 – 2022. Garnering support from
surging demand for construction equipment to meet growing infrastructural
developments in North America, the demand for OTR tires for construction
vehicles is increasing in the continent. Moreover, owing to projects such as
National Infrastructure Plan of Mexico, America 2050 and New Building Canada
Plan, the government of respective countries are investing heavily in
cooperation with private partners to build a sustainable infrastructure in the
country. This, in turn, is contributing to growing demand for OTR tires in the
region.
Browse 4 market data Tables and 15 Figures spread
through 47
Pages and an in-depth TOC on "North America OTR Tire
Market"
Growing mechanization of agriculture farms is also aiding the region’s
OTR tire market. In terms of agriculture output, North American countries are
considered advanced in comparison to other countries across the globe. Growing
output coupled with rapid mechanization of farms are also boosting the demand
for OTR tires in North America.
Customers can also request for 10% free customization on this report.
“North American countries are among the major mineral producing
countries of the world, and have considerable share in global mineral
production. Therefore, the demand for mining equipment tires in this region is
high, and the same trend is expected to continue over the next five years as
well.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“North America OTR Tire Market By Vehicle Type, By Country, Competition
Forecast and Opportunities, 2022” has analysed the potential of North America OTR tire market, and provides information and statistics on market structure,
imports and trends. The report intends in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. The report also identifies and analyzes emerging trends along with
essential drivers and key challenges faced by the industry.
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