GCC Automotive Lighting Market Overview:

According to MarkNtel Advisors study the Philippines OTR Tires market is anticipated to grow at a considerable CAGR during 2021-26F. The growth of the market is attributed to increasing technological advancements in the OTR tires by the market players, burgeoning adoption of radial tires, increasing demand for agricultural tractor and widespread penetration of Chinese brand in the OTR segment. Moreover, the increasing spending by the government in the large-scale infrastructure project, strong growth in the mining and construction sector and snowballing government subsidies on equipment are the factors projected to fuel the growth of the market in the forecast period. However, the COVID-19 outburst has a pessimistic impact on the market growth owing to close border, disruption in the supply chain and halt on various construction activities. Although the market is coming back on the track and various construction activities have started which is projected to accelerate the market growth

Key Findings of the Study: GCC Automotive Lighting market

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Scope of the GCC Automotive Lighting Market Report Segmentation

-By Type of Equipment

• Earthmoving Equipment
• Material Handling Equipment
• Agricultural Equipment

-By End-Users

• Construction
• Industrial
• Mining
• Agriculture
• Ports

-By Type of Tire

• Radial
• Bias

-By Demand Type

• OEMs
• Aftermarket

-By Price Category

• Budget
• Economy
• Premium

-By Rim Size

• Upto 20”
• 1” to 26”
• 1” to 35”
• Above 35”

For more detailed information about the GCC Automotive Lighting market report, click here – https://www.marknteladvisors.com/research-library/philippines-otr-tire-market.html

Current Landscape of GCC Automotive Lighting Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Automotive Lighting market. The research report profiles major players, including

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• Bridgestone Corporation
• Goodyear Philippines, Inc.
• Yokohama Rubber Co.
• Michelin Tires
• Toyo Tire
• Kumho Tire Co., Ltd.
• Zhongce Rubber Group Co., Ltd.
• Continental
• Sumitomo Rubber Industries Ltd.

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