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The Russia OTR tire market is expected to exhibit steady growth during the forecast period (2021-2026). Off-the-road (OTR) tires refer to the deep treaded tires that provide high traction over unlevelled surfaces, including rock, mud, loose dirt, or gravel. Various off-the-road vehicles include cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, and specialized purpose vehicles. OTR tires provide high heat and rolling resistance, better durability, enhanced vehicular performance, optimum stability, easy mobility, and reduced contact patch area. As a result, these tires are widely adopted across various sectors, including construction, mining, agriculture, etc.
In Russia, a significant growth in the mining sector has led to the deployment of heavy-duty vehicles across diverse geographic locations, thereby propelling the demand for OTR tires. Additionally, the increasing levels of urbanization are catalyzing the development of commercial infrastructures, such as bridges, highways, dams, power supply grids, etc. In line with this, growing foreign direct investments in the country have led to the introduction of large-scale infrastructure projects which are further augmenting the demand for OTR vehicles. Moreover, the expanding agriculture sector is also propelling the utilization of off-the-road tractors, rollers, farm machinery, etc., thereby further fueling the market growth in Russia. Besides this, the emergence of various sensor-based technologies for OTR tires to monitor tire pressure and temperature, mitigate any potential hazards, and provide real-time data analysis, will continue to drive the market growth in Russia during the forecast period. Looking forward, IMARC Group expects the Russia OTR tire market to grow at a CAGR of around 3% during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the Russia OTR tire market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on vehicle type, tire type, end-use, distribution channel and rim size.
Market Breakup by Vehicle Type:
Market Breakup by Tire Type:
Market Breakup by End-Use:
Market Breakup by Distribution Channel:
Market Breakup by Rim Size:
The competitive landscape of the industry has also been examined with some of the key players being Belshina OAO, Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co. Ltd, Michelin, NorTec Tires, Nokian Tyres, The Yokohama Rubber Company Limited, PJSC TATNEFT. (Nizhnekamskshina Joint Stock Company), Pirelli Tyre Russia Limited Liability Company and Goodyear Russia LLC.
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