Asia Pacific OTR Tire Market to grow 5.56% CAGR to 62.0M units by 2028, driven by auto industry improvements, tech advancements, and recreational vehicle demand.

The Asia Pacific Off the Road (OTR) Tire Market is expected to grow at a CAGR of 5.56% from 2023 to 2028, reaching 62.0 million units by 2028. Key factors driving the market include the automobile industry's improvements, technological advancements in OTR tires, and an increase in heavy-duty vehicles used for recreational purposes. Additionally, Goodyear Tire and Rubber Co plans to partner with more Chinese automakers and transportation platforms for continued growth in China, supported by new energy sources, electric vehicles and increasing demand for sustainable tires.

January 29, 2024
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