Transparency Market Research has published a new report titled, “Off the Road (OTR) Tire Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global OTR tire market is anticipated to surpass US$ 29 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Growing urbanization and sustained investments in ... Read more

Growing urbanization and sustained investments in construction are driving the usage of construction vehicles, thus boosting the demand for OTR tires. The Trump government has set plans for an infrastructure investment of US $ 1.7 Trn to develop rural infrastructure, highways and bridges.

The EU–China deal, named Belt and Road Initiative, of US$ 9 Bn to construct an intercontinental highway is expected to drive the demand for construction vehicles, thereby boosting the demand for  ... Read more