Market Overview:
This report presents an extensive evaluation of the Peru Off the Road (OTR) Tire Market, focusing on historical data from 2016 to 2019 while offering detailed forecasts for the period between 2021 to 2026. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.
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Table of Contents (Peru Off the Road (OTR) Tire Market)
- Executive Summary
- Market Definition & Research Methodology
- Market Dynamics: Drivers, Challenge, Trend and Opportunities
- Segment Analysis and Geographical Breakdown
- Competitive Landscape & Strategic Initiatives
- Regulatory Environment & Policy Factors
- Growth Forecast Model (2021–2026)
- Appendix: Company Profiles, Data Sources, Methodology
What’s covered in the report?
Market Key Driver:
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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Leading players of Peru Off the Road (OTR) Tire Market including:
- Goodyear
- Triangle Group
- Continental
- Yokohama
- Michelin
- Bridgestone
- BKT
- Others
Peru Off the Road (OTR) 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
Earthmoving Equipment are projected to attain the largest share of the Peru Off-The-Road (OTR) Tire Market through 2026.
By End-Users
- Construction
- Industrial
- Mining
- Agriculture
- Ports
By Type of Tire
- Radial
- Bias
By Demand Type
- OEMs
- Aftermarket
The absence of OTR tire manufacturers (OEMs) in the country is the prime reason behind the dominance of aftermarket tires in the market with numerous distributors offering replacement services.
By Price Category
- Budget
- Premium
- Economy
By Rim Size
- Up to 20”
- 1" to 26"
- 1" to 35"
- 1" to 47"
- Above 47"
By Region
- North
- West
- South
- East
- Central
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Key Highlights of MarkNtel Advisors' Research Methodology
- MarkNtel Advisors uses a robust methodology for accurate market analysis.
- Research objectives are clearly defined with tailored methodologies for clients.
- A representative sample is selected to ensure reliable data collection.
- Data analysis includes cleaning, statistical evaluations, and validation checks.
- Predictive modeling forecasts trends, and reports include strategic recommendations.
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