Off-road tires refer to vehicle tires with a deep tread to deliver more traction on unpaved surfaces such as sand, mud, and loose dirt. Manufacturers are focusing on the new product launch in the off-road tire market. For instance, JK Tyre launches a new variant for off-the-road tire, my Champion for the Wheel loaders and tipper trucks used in mining applications. Moreover, rising demand from the end-use industries including construction, mining, agricultural, and others further propelling the market demand.This growth is primarily driven by Increasing Demand for Electric Warehouse Truck and Growing Demand for Agricultural Tractors and Equipment.
Globally, a noticeable market trend is evident Rise in Adoption of Radial Tires
. Major Vendors, such as Bridgestone Corporation (Japan), Continental AG (Germany), Pirelli & C. S.p.A (Italy), Michelin (France), The Goodyear Tire & Rubber Co. (United States), Sumitomo Rubber Industries, Ltd. (Japan), Madras Rubber Factory Limited (India), The Yokohama Rubber Co. Ltd. (Japan), JK Tire & Industries Ltd. (India), CEAT Ltd. (India), Sumitomo Rubber Industries (Japan), Zhongce Rubber Group Co., Ltd. (China) and Nokian Tyres (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
27th May 2019, Mitas Tyres Ltd. launched mousse, an alternative to inner tubes, for its off-road racing tires to expand its off-road tire product portfolio.
- Increasing Demand for Electric Warehouse Truck
- Growing Demand for Agricultural Tractors and Equipment
- Rise in Adoption of Radial Tires
- Emphasizing On the Development of Manufacturing Process of Tyres
- Fluctuating Raw Material Prizes
Increasing Demand from Mining and Construction Industries and Rising Demand from the Developing Economies
Bulging Sidewalls of Tyres
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