Industry news

According to market research agency Smithers' projections, the global OTR (Off-The-Road) tire market will continue to demonstrate robust growth momentum, anticipated to expand at a compound annual growth rate (CAGR) of 4.9% until 2029, further enlarging the market size. This forecast indicates that the OTR tire market holds significant potential for growth in the coming years.

As the tire and wheel industry converges at the prestigious Shanghai World Expo Exhibition & Convention Center for the 19th China International Tire & Wheel Expo (2024 CITEXPO), Oxplo Tire stands poised to make a significant impact on the global stage.

Local tire companies from Shandong have been generating industry buzz as they invest in projects outside the province. This is closely tied to the implementation of local industrial policies and development plans.

TyreXpo Asia 2024, the annual cornerstone event for the global tire industry, is set to captivate the attention of industry professionals around the world.

The global tire industry has been rocked by a wave of price hikes in recent months, as manufacturers grapple with soaring costs of raw materials, particularly natural rubber and carbon black.

Operating tractors efficiently while minimizing wear and tear on critical components such as tires is crucial for farmers and agricultural professionals.