Peru Off-The-Road (OTR) Tire Market Comprehensive Analysis and Forecast 2021 to 2026

 Peru Off-The-Road (OTR) Tire Market Overview: 2021-2026

Base Year: 2020

Historical Years:  2016-19

Forecast Years: 2021-2026

The Peru Off-The-Road (OTR) Tire Market is projected to grow at a CAGR of 9.95% during the forecast period, i.e., 2021-26. The Peru Off-The-Road (OTR) Tire Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Peru Off-The-Road (OTR) Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Peru Off-The-Road (OTR) Tire Market drivers, barriers, Peru Off-The-Road (OTR) Tire Market Trends, and Key Players in Peru Off-The-Road (OTR) Tire Market.

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Peru Off-The-Road (OTR) Tire Market Dynamics: 2021-2026

Market Dynamics:

Key Driver: Economic Dependence on the Mining Sector

The mining industry has been an essential pillar of Peru's economic development and is the top export sector with 10% of the country's GDP & 60% of its exports. It attributes to the country consisting of a wealth of mineral resources, is the world's second-largest producer of copper & silver, and Latin America's largest gold producer.

The demand for OTR tires is anticipated to rise significantly with the surging Peruvian economic reliance on the mining sector and the rapidly increasing number of mining projects. In 2020, the Energy & Mines Ministry declared that the country had 48 under development mining projects, of which 7 were in their first years of construction, including the Mina Justa copper project owned by Grupo Breca, and the rest are likely to begin in the coming five years, which, in turn, shall drive the Peru Off-The-Road (OTR) Tire Market during 2021-26.

Browse Full Report with Detail Analysis – https://www.marknteladvisors.com/research-library/peru-off-the-road-tire-market.html

Peru Off-The-Road (OTR) Tire Market (2021-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Type of Equipment

-Earth Moving Equipment

-Excavator

-Grader

-Loader

-Bulldozer

-Road roller

Material Handling Equipment

-Crane

-Forklifts

Agricultural Equipment

-Tractor

-Combines

-Others

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"

By Region

-North

-West

-South

-East

-Central.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Peru Off-The-Road (OTR) Tire Market:

Bridgestone, Continental, Michelin, Goodyear, Pirelli, Yokohama, BKT, Mitas Tyres, etc..

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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