Overview of the Middle East Off the Road (OTR) Tire Market: Key Statistics and Trends:

The Middle East Off-the-Road (OTR) Tire Market is projected to grow at a CAGR of more than 9% during the forecast period, i.e., 2024-30. The major market expansion attributes to the growing focus of governments of different countries across the region on infrastructural developments for economic diversification away from oil & gas. It, in turn, is leading to numerous ongoing construction activities and mounting demand for vehicles like trucks, excavators, bulldozers, etc., thereby boosting the demand for OTR tires. 

Middle East Off the Road (OTR) Tire Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-2030): 9%

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Middle East Off-the-Road (OTR) Tire Market Driver:

Increasing Construction Activities for Economic Diversification - Various ongoing & upcoming construction projects owing to the mounting focus of governments on infrastructural developments for economic diversification away from the oil & gas sector, are driving the Middle East Off-the-Road (OTR) Tire Market through 2030.

A Comprehensive Analysis of Leading Companies of Middle East Off the Road (OTR) Tire Market by MarkNtel Advisors:

  • Michelin
  • Goodyear
  • Bridgestone
  • Continental
  • Zhongce Rubber
  • Kumho
  • Toyo
  • Yokohama
  • Trelleborg
  • Triangle Group

Key Middle East Off the Road (OTR) Tire Market Segmentation:

-By Type of Tire

  • Radial
  • Bias

Amongst both, Radial tires are anticipated to demonstrate the fastest growth in the Middle East Off-the-Road (OTR) Tire Market during 2024-30.

-By Type of Vehicle

  • Earthmoving & Construction Equipment
  • Agriculture Vehicles
  • Material Handling Vehicles

Here, Earthmoving & Construction Equipment is anticipated to dominate the market with the largest share over the forecast years.

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-By Demand Type

  • OEM
  • Replacement

-By Sales Channel

  • Exclusive Stores
  • Authorized Dealers or Distributors
  • Others

-By Price Category

  • Budget
  • Economy
  • Premium

-By Rim Diameter

  • 20"- 25"
  • 26"-35"
  • 36"-48"
  • Above 48"

Geographical Analysis

-By Country

  • Saudi Arabia
  • Iran
  • UAE
  • Qatar
  • Kuwait
  • Turkey
  • Rest of Middle East

`Of all countries across the Middle East, the UAE is anticipated to demonstrate the fastest market growth in the coming years.

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