Middle East and Africa OTR Tire Market Competitive Landscape & Forecast, 2022–2028
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Middle East and Africa OTR (Off-The-Road) tire market size to grow at a CAGR of 4.3% during the forecast period between 2022 and 2028. The expansion of Middle East and Africa OTR tire market is driven by the increasing number of large construction, mining, and industrial activities; growing infrastructure development to facilitate economic diversification and rising government investments in agricultural machinery and non-oil industries. Additionally, the growth of the real estate sector in emerging economies has expanded the market for construction and material handling equipment due to increasing labor costs, the need for improved productivity, and the need to maximize resource utilization, which is expected to significantly boost the growth of the OTR tire market in the region. Agricultural operations, such as crop plotting and scouting as wel...