Chile Off The Road (OTR) Vehicle Tire Market Overview and Insights:
According to MarkNtel Advisors Report, Chile Off The Road (OTR) Vehicle Tire Market projected to grow at a CAGR of around 3.23% during the forecast period, i.e., 2021-26.
Chile Off The Road (OTR) Vehicle Tire Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:
Historical Years: 2016-19
Base Years: 2020
Forecast Years: 2021-26
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Key Market Driver: Massive Government Investments toward Infrastructural Developments
The infrastructure sector in Chile has shown promising growth in the previous few years with massive government investments, which has boosted the sales of OTR tires. The rapid rise in construction projects associated with railway & road expansion and the aviation & port infrastructure developments are projected to infuse the need for earthmoving & construction equipment in the country and thus drive the Chile OTR Tire Market during 2021-26.
Who are the Key Players Operating in the Chile Off The Road (OTR) Vehicle Tire Industry?
The top companies of the Chile Off The Road (OTR) Vehicle Tire market ruling the industry are:
Yokohama Rubber Co.
Goodyear Tire and Rubber Company
Bridgestone Corporation
Continental
Michelin Tires
CST
Triangle Group
Trelleborg, etc.
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What is Included in Chile Off The Road (OTR) Vehicle Tire Market Segmentation?
The report has segmented the market into the following categories:
-By Demand Type
OEM
Aftermarket
Of both, the Aftermarket segment dominated the market in the previous few years, and the same trend is likely during 2021-26. Since Chile’s economy relies majorly on imports, only a few OEMs are present in the country. Increasing consumer investments in new machinery & equipment due to various ongoing & upcoming infrastructure development projects are driving the demand for aftermarket tires in Chile. Moreover, the mounting inclination of farmers toward used tractors is another crucial aspect projected to positively influence the sales of OTR tires in the aftermarket category over the coming years.
-By Type of Equipment
Earth Moving Equipment
Material Handling Equipment
Agricultural Equipment
-By End-Users
Construction
Industrial
Mining
Agriculture
Ports
-By Type of Tire
Radial
Bias
-By Price Category
Budget
Premium
Economy
-By Rim Size
Up to 20”
1" to 26"
1" to 35"
1" to 47"
Above 47"
Geographical Analysis
-By Region
North
West
South
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