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IMARC Group, a leading market research company, has recently releases report titled “ Asia Pacific OTR Tire   Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. ” The study provides a detailed analysis of the industry, including the Asia Pacific OTR tire market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights How Big is the Asia Pacific OTR Tire Market? The Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting at a CAGR of 5.43% during 2022-2027. Off-the-road (OTR) tire, also known as mud terrain tire, provides high power on unpaved surfaces, including gravel, mud, rock, and loose dirt. It is manufactured using materials, including natural or synthetic rubber, steel, carbon black, wire, vulcanization accelerato...

 The latest research study “ Asia Pacific OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting at a CAGR of 5.43% during 2022-2027.  Industry Definition and Application:  Off-the-road (OTR) tires refer to deep-treaded tires that are designed to provide high traction on unlevelled surfaces, such as loose dirt, mud, rock, and gravel. They also provide heat and rolling resistance, extended durability, enhanced vehicular performance, optimum stability, easy mobility, and reduced contact patch area. Owing to these benefits, OTR tires are extensively utilized in heavy-duty vehicles such as cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), and military trucks for off-road applications in the mining, agricu...