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.

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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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