MarkNtel Advisors recently published a detailed industry analysis of the GCC Off the Road (OTR) Tire Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the GCC Off the Road (OTR) Tire Market (2024-2030)

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

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What is driving the GCC Off the Road (OTR) Tire market?

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.

What segments define the GCC Off the Road (OTR) Tire market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

-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

Who are the leading key players shaping the GCC Off the Road (OTR) Tire Market landscape?

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

Questions Addressed in this Study

1.What factors are driving the GCC Off the Road (OTR) Tire Market growth?

2.What are the key insights into the current trends in the GCC Off the Road (OTR) Tire Market?

3.What is the current size of the GCC Off the Road (OTR) Tire Market, and how is it projected to change in the future?

4.What is the future outlook for the GCC Off the Road (OTR) Tire Market in terms of technological advancements and market expansion?

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