Shibuya-ku, Tokyo, Japan, Japan, Oct 19, 2021, 02:38 /Comserve / -- Latin America Off the Road (OTR) Tire Market - The improving economic scenario in Brazil, coupled with burgeoning construction and mining activities, and extensive greenfield investments have resulted in an expansion
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
Latin America Off the Road (OTR) Tire Market - The improving economic scenario in Brazil, coupled with burgeoning construction and mining activities, and extensive greenfield investments have resulted in an expansion of the fleet size of construction and mining equipment such as excavator, grader, loader, road rollers, bulldozer, cranes, etc. The total operational construction vehicle fleet size in the entire region exceeded 25,000 units in 2019, registering an increase of around 4% over 2018. Brazil accommodated around 50% of the overall construction and mining equipment units in 2019. This revamped construction and mining activity deploying an increased number of equipment is set to promulgate the demand for OTR tires during 2020-25.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115808
The Final Report will cover the impact analysis of COVID-19 on this industry: Latin America Off the Road (OTR) Tire Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
According to the MarkNtel Advisors’ research report titled “Latin America Off the Road (OTR) Tire Market Analysis, 2020”, the OTR tire sales revenue is expected to surge at a CAGR of around 2.1% during 2020-25. Brazil and Mexico accounted for more than 50% of the total sales in 2019. The same trend is anticipated to prevail during 2020-25.
Construction & earthmoving equipment segment including excavator, grader, loader, cranes, road rollers, bulldozers, etc., dominated the overall market, followed by the material handling equipment and agriculture vehicle.
The escalating inclination towards the deployment of radial tires instead of bias tires is an emerging trend in the region. The pace is considerably high in Brazil and Mexico in comparison to other countries.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115808
The Final Report will cover the impact analysis of COVID-19 on this industry: Latin America Off the Road (OTR) Tire Market Analysis, Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast 2020
The competitors such as Michelin, Bridgestone, Goodyear, Continental, Yokohama, Triangle, etc., have well-penetrated dealers and distributor’s networks. Moreover, Chinese manufacturers have also made in-roads in the Latin American OTR Tire market. However, a series of anti-dumping duties implemented by countries such as Brazil and Argentina have contributed positively toward the greater prominence of the American and European OTR tire suppliers.
The prices in the Latin America OTR Tire market have been witnessing an increasing trend on an account of repositioning to market dynamics and business pressures including fluctuating raw material prices and margin realignment. It has been observed that the average price rise in the OTR tire category hovered in the range of around 2% to 8%.
TABLE OF CONTENT
1. Introduction
1.1. Research Process
1.2. Assumptions
1.3. Glossary
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What the experts say?
4. Latin America Off the Road Vehicle Tire Market Outlook, 2015-2025F
4.1. Market Size & Analysis
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:
Lauren BrownShibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159
Related Links
https://www.sdki.us/