Africa Off the Road (OTR) Tire Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Africa Off the Road (OTR) Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

According to MarkNtel Advisors’ research report “Africa Off the Road (OTR) Tire Market Analysis, 2020”, the Africa Off the Road (OTR) Tire market is anticipated to grow at a CAGR 6% during 2021-26. The growth of the market is accredited to rising inclination towards, increasing government investment on development of urban areas and surging infrastructure development activities along with launch of new truck tire in the market. Besides these, burgeoning demand for radial tire among agriculture industry, escalating government subsidies for farm equipment, and increasing investment in new radial tires plant are some of the factor placing a positive impact toward the growth of the market in the forecast period.
The COVID-19 pandemic adversely impacted the market of OTR tire in Africa due to disruption in supply chain, temporary shutdown of the manufacturing facilities and halt on various construction activities.

Agricultural Vehicle Acquired the Significant Market Share
Based on Type of Vehicle, Agricultural Vehicle acquired the significant market share in the Africa Off the Road (OTR) tire market in 2019. Tractors accounted for the largest market share in the agricultural vehicle segment. This is due to rising government investment in agricultural mechanization, escalating number of medium-scale farmers owning tractors and increasing government subsidy rates on tractor. Moreover, snowballing demand for agricultural produce and significant rise in farm area under crop production are anticipated to strongly contribute towards the growth of Off the Road (OTR) Tire for online gaming in the coming years as stated by the MarkNtel Advisors’ research report “Africa Off the Road (OTR) Tire Market Analysis, 2020”.

According to MarkNtel Advisors’, the key players with a considerable market share in the Africa Off the Road (OTR) Tire market include Continental Aktiengesellschaft, Compagnie G?n?rale des ?tablissements Michelin, Bridgestone Corporation, The Yokohama Rubber Co., Ltd, Sumitomo Rubber Industries, Ltd, Toyo Tire & Rubber Company, Hangzhou Zhongce Rubber Co. Ltd., Triangle Tyre Co. Ltd., CEAT Limited etc.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Africa Off the Road (OTR) Tire Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Africa Off the Road (OTR) Tire Market?
4. Who are the key competitors or market players and how they perform in Africa Off the Road (OTR) Tire Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Africa Off the Road (OTR) Tire Market study?

Market Outlook, Segmentation and Statistics:
1) Impact of COVID-19 on Africa Off the Road (OTR) Tire Market
2) Market Size & Analysis
a) By Revenues
3) Market Share & Analysis
a) By Type of Vehicle
i) Earthmoving & Construction Equipment
(1) Excavator
(2) Backhoe Loaders
(3) Crawler Loaders
(4) Bulldozers
(5) Motor Graders
(6) Dump Trucks
ii) Agricultural Vehicle
(1) Tractors
(2) Combined Harvester
(3) Farm Trucks
(4) Others
iii) Material Handling Vehicle
(1) Cranes
(2) Forklifts
(3) Tippers
(4) Others
b) By OEM Vs Replacement
c) By Radial Vs Bias
d) By Season
i) All Season
ii) Summer
iii) Winter
e) By Sales Channel
i) Exclusive Stores
ii) Authorized Dealers or Distributors
iii) Others
f) By Price Category
i) Budget
ii) Economy
iii) Premium
g) By Rim Diameter
i) 20"- 25"
ii) 26"-35"
iii) 36"-48"
iv) Above 48"
h) By Country
i) South Africa Off the Road (OTR) Tire Market Outlook, 2016-2026F (USD Billion)
ii) Nigeria Off the Road (OTR) Tire Market Outlook, 2016-2026F (USD Billion)
iii) Kenya Off the Road (OTR) Tire Market Outlook, 2016-2026F (USD Billion)
iv) Algeria Off the Road (OTR) Tire Market Outlook, 2016-2026F (USD Billion)
v) Morocco Off the Road (OTR) Tire Market Outlook, 2016-2026F (USD Billion)
4) By Company
a) Revenue Shares
b) Strategic Factorial Indexing
c) Competitor Placement in MarkNtel Quadrant
5) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles

Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Africa Off the Road (OTR) Tire Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion.
Q. What would be the growth rate or CAGR of Africa Off the Road (OTR) Tire Market during 2021-26?
A. The Africa Off the Road (OTR) Tire Market during 2021-26 is forecast grow at an CAGR of 6%.
Q. Who are the key competitors or players operating in Africa Off the Road (OTR) Tire Market?
A. Continental Aktiengesellschaft, Compagnie G?n?rale des ?tablissements Michelin, Bridgestone Corporation, The Yokohama Rubber Co., Ltd, Sumitomo Rubber Industries, Ltd, Toyo Tire & Rubber Company, Hangzhou Zhongce Rubber Co. Ltd., Triangle Tyre Co. Ltd., CEAT Limited etc., are few of the leading players in the Africa Off the Road (OTR) Tire Market.
Q. Which type of vehicle segment would emerge as an opportunity area for players in Africa Off the Road (OTR) Tire Market?
A. Earthmoving & Construction Equipment segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Africa Off the Road (OTR) Tire Market?
A. South Africa continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Africa Off the Road (OTR) Tire Market.