OTR tire market annual increase of 8%

2016-05-30 07:34:18 66

TechSci research institutions, said that despite unfavorable factors eurozone crisis and oil prices plummeted, etc. 2011 - The 2015 Global OTR tire market is still growing steadily.

TechSci in its research report mentioned that in the past few years, the global construction and infrastructure sector maintained a good growth rate, demand for construction machinery and drive vehicles and construction machinery tires growth.

In addition, heavy machinery and agricultural, mining and industrial use increased equipment sector, but also to promote agricultural tires, industrial tires and mining tires demand.

From 2011 to 2021 forecast global construction machinery tire market, the 2016-2021, global demand is expected to be 8 percent annual growth.

Mining, construction and industrial equipment market is the dominant industry. The next few years, the global construction industry, industrial, and infrastructure will maintain growth momentum, especially in the important developing countries.

As of 2015, the global total of more than 200 OTR tire manufacturing plant, where the Asia-Pacific region more than 50% in the global market, a dominant position.

TechSci that global OTR tire manufacturer main members are: Yokohama, Pirelli, Alliance, BKT, Continental, Goodyear, Bridgestone.