The Paraguay Off-The- Road (OTR) Vehicle Tire Market is estimated to grow at a CAGR of around 3% during the forecast period, i.e., 2021-26.
Key Findings of the Study: Paraguay Off-The- Road (OTR) Vehicle Tire Market
Market Driver – Positive Industrial Growth to Boost the Market
The agriculture sector plays a vital role in the economy of Paraguay, where the country is the world’s largest exporter of organic sugar, second-largest producer and exporter of stevia, and sixth-largest soy exporter. In order to improve the agricultural production in the country, the farmers are gradually shifting towards the adoption of advanced production practices which include farm equipment as well. The import of tractors increased from 994 in 2016 to 1,357 in 2019. However, due to the advent of COVID-19, the import of tractors reduced to 1,006. Hence, this is also anticipated to positively impact the demand for agricultural tires in the years to come, thereby, contributing to the growth of OTR tires market in Paraguay.
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Scope of the Report and Paraguay Off-The- Road (OTR) Vehicle Tire Market Segmentation
By Type of Equipment
-Earth Moving Equipment
–Excavator
–Grader
–Loader
–Bulldozer
–Road roller
-Material Handling Equipment
–Crane
–Forklifts
-Agricultural Equipment
–Tractor
–Combines
–Others
- Agriculture Equipment to Hold a Dominating Share
By End-Users
-Construction
-Industrial
-Mining
-Agriculture
-Ports
By Type of Tire
-Radial
-Bias
By Demand Type
-OEMs
-Aftermarket
By Price Category
-Budget
-Premium
-Economy
By Rim Size
-Up to 20”
-20.1″ to 26″
-26.1″ to 35″
-35.1″ to 47″
-Above 47″
Top leading companies in the Paraguay Off-The- Road (OTR) Vehicle Tire Market includes:
Group Michelin, Bridgestone, Goodyear Tire and Rubber, Pirelli & C., Continental AG, Yokohama Rubber Company, Shandong Linglong Tire, Others
For more detailed information about the Paraguay Off-The- Road (OTR) Vehicle Tire market report, click here – https://www.marknteladvisors.com/research-library/paraguay-off-the-road-tire-market.html
Geographical analysis:
East
West
South
Central
Note: If you require specific information not covered in the current report, we can provide it through customized option
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