The Costa Rica Off the Road (OTR) Tire Market size is projected to grow at a CAGR of around 8% during the forecast period i.e. 2021-26. According to MarkNtel Advisors Study.

Costa Rica Off the Road (OTR) Tire Market Driver:

Positive Agricultural Growth to Boost the Market: The country is involved in agricultural activities with major exports to North American and Latin American countries. Almost 10% of Costa Rica's land use is devoted to agriculture. The major produce and exported agricultural products include corns, soybeans, wheat, fresh fruits, processed fruits and vegetables, etc., and mass-produced cash crops are popular exports such as coffee, bananas and pineapple. This scale of agricultural activities has surged the demand for OTR tires for agricultural use.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Costa Rica Off the Road (OTR) Tire Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2020

-Historical Period: 2016 to 2019

-Forecast Period: 2021 to 2026

• 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"

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Bridgestone, CEAT, Continental, Goodyear, Double Coin, Triangle, etc. are looking forward to strengthening their market positions.

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