GCC Off the Road (OTR) Tire Market Dynamics – Driver, Challenge, Segment & Competition FY2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Off the Road (OTR) Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

GCC Off the Road (OTR) Tire Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, 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 report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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

The report has segmented the market into the following categories:

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)

Out of them all, the ports segment is leading the market and is anticipated to hold a major share of the market during the forecast period, owing to increased investments in port expansion and an increase in cargo traffic. Trade between the GCC and other nations expanded dramatically between 2018 and 2022, owing to increased trade agreements between the GCC and countries such as Canada, the United States, the European Union, etc.

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

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Key Factor Driver GCC Off the Road (OTR) Tire Industry Growth by 2030

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,

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

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 & Industries Ltd
• Trelleborg
• Triangle Group

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the GCC Off the Road (OTR) Tire Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the GCC Off the Road (OTR) Tire industry?
5. Which is the Leading segment in the market?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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