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Global OTR Tire Market Outlook: Driven by Emerging Markets' Infrastructure Boom and Technological Innovations23 2024-09

Global OTR Tire Market Outlook: Driven by Emerging Markets' Infrastructure Boom and Technological Innovations

The continuous advancement of mechanization and infrastructure construction in emerging markets has driven the demand for agricultural, construction, mining equipment, and engineering machinery tires. According to Smithers' report "The Future of Off-The-Road (OTR) Tires to 2024," the global OTR tire market size was estimated to exceed 4 million metric tons in 2019, valued at USD 27.5 billion. It was projected that the five-year compound annual growth rate (CAGR) for OTR tire sales would be 3.8% and the CAGR for value would be 4.8% by 2024.
Excavator Tire23 2024-09

Excavator Tire

Excavator tires from Oxplo manufucturer are specifically designed for heavy construction machinery such as excavators. Excavator tires play a crucial role in the machine's mobility and performance.
Forklift tire recommendations23 2024-09

Forklift tire recommendations

Our forklift tires support the load-bearing capacity, ensuring safe operation with heavy cargo. Quality tires enhance handling performance, providing better traction and stability. They also contribute to efficiency, reducing energy loss and maintenance costs. Furthermore, tires adapt to various working environments, ensuring reliable performance. Choosing the right tires for the forklift's usage is crucial for optimal performance.
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