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Mexico OTR Tire Market Report 2021-2026: Focus on Agriculture, Construction, Mining, Material Handling, Ports, Forestry Tires - ResearchAndMarkets.com
August 4, 2021 GMT
DUBLIN (BUSINESS WIRE) Aug 4, 2021
The Mexico OTR Tire Market was valued USD 989.06 Million in 2020 and is expected to grow at a CAGR of over 8.13%, in value terms, over the next five years to reach USD 1605.17 Million until 2026, on the back of increasing agricultural activities in the country
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Factors like growing economy of Mexico is also anticipated to contribute to the expanding market of OTR tires in Mexico. According to the World Bank collection of development indicators, off the total land available to the country, Mexico reported 54.99% as the Agricultural land. The country has varied topographies and appropriate weather conditions offering farmers the opportunity to cultivate more than 200 types