Press Release

Middle East OTR Tire Market to Grow at 10% during 2017 – 2022

Increasing investments in construction activities and continuously expanding infrastructure and industrial sectors to drive the Middle East OTR tire market through 2022

According to TechSci Research report, Middle East OTR Tire Market By Vehicle Type, By Company, By Demand Category Competition Forecast & Opportunities, 2022”, the OTR tire market in the Middle East is projected to grow at a CAGR of over 10% during 2017 – 2022. On the basis of vehicle type, Europe OTR tire market has been broadly classified into three categories, namely, Mining, Construction & Industrial Equipment; Agriculture Vehicles; and Others. Among these categories, mining, construction & industrial equipment dominated the region’s OTR tire market in 2016, and the segment is expected to maintain its dominance over the next five years as well.

Browse 4 market data Tables and 15 Figures spread through 43 Pages and an in-depth TOC on "Middle East OTR Tire Market"

https://www.techsciresearch.com/report/middle-east-otr-tire-market-by-vehicle-type-agriculture-equipment-industrial-equipment-s-atvs-etc-by-company-by-demand-category-oem-vs-replacement-forecast-opportunities/1165.html

Growing per capita income and continuous launch of new OTR vehicle models are some of the key factors expected to drive Middle East OTR tire market during forecast period. Demand for OTR tires is growing with large-scale development activities in construction, mining and industrial sectors in Middle East region. Moreover, government support in the form of tax subsidies & incentive policies for infrastructure development and megaprojects is expected to aid the region’s OTR tire market during 2017 – 2022.

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“Over the years, Middle East OTR tire industry has witnessed considerable increase in demand for mining, construction & industrial equipment, resulting in an increase in demand for OTR tires. This trend is expected to prevail with continuing growth in mining, construction & industrial equipment production as well as demand over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Middle East OTR Tire Market By Vehicle Type, By Company, By Demand Category Competition Forecast & Opportunities, 2022 has analyzed the potential of Middle East 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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Increasing investments in construction activities, continuous expanding infrastructure and industrial sectors to drive the Middle East OTR tire market through 2022

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