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Qingdao Oxplo Tire Company, a renowned tire manufacturer in China, specializes in providing high-quality industrial tires, that cater to various industrial applications.
Non-highway tires (OTR), also known as off-road tires, are specifically designed for heavy-duty vehicles and equipment operating in rugged and uneven terrains.
The continuous advancement of mechanization and infrastructure construction in emerging markets has driven the demand for agricultural, construction, mining equipment, and engineering machinery tires. According to Smithers' report "The Future of Off-The-Road (OTR) Tires to 2024," the global OTR tire market size was estimated to exceed 4 million metric tons in 2019, valued at USD 27.5 billion. It was projected that the five-year compound annual growth rate (CAGR) for OTR tire sales would be 3.8% and the CAGR for value would be 4.8% by 2024.
Excavator tires from Oxplo manufucturer are specifically designed for heavy construction machinery such as excavators. Excavator tires play a crucial role in the machine's mobility and performance.
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