India Off the Road (OTR) Tire Market Share & Forecast, 2022-2028
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that India Off the Road (OTR) Tire Market was worth 10.81 million units in the year 2021. The market is projected to grow at a CAGR of 8.5%, with sales forecast to reach 19.17 million units by the end of 2028. India Off the Road (OTR) Tire Market is booming because of the rising demand for off-road tires which offer the best traction on uneven surfaces. Also, the benefits of OTR tires are used in various pieces of machinery for use in industries like construction, mining, mechanized agriculture, and industry. The demand for radial OTR tires has been seen to rise recently over bias tires, and this trend is anticipated to continue due to its many benefits. Moreover, OTR tires continue to be most popular in Asia-Pacific, but demand is increasingly rising in Europe and North America. Furthermore, India Off the Road (OTR) Tire Market ...