Middle East & Africa OTR Tyre Market Forecast 2024: Growth Driven by Infrastructure Projects and Mining Investments
The Middle East & Africa (MEA) Off-the-Road (OTR) tyre market is poised for notable growth in 2024, fueled by increased demand across sectors such as construction, mining, and agriculture. As the region continues to develop infrastructure and natural resource extraction projects, the demand for OTR tyres has surged, supporting the requirements of heavy-duty machinery and vehicles that operate in rugged terrains. This growth trajectory is marked by ongoing investments in infrastructure and industry-specific activities, which are instrumental in shaping the OTR tyre market in MEA. Infrastructure Projects Bolstering Market Demand Several countries across the Middle East and Africa are implementing ambitious infrastructure projects to boost their economies, a trend that is significantly impacting the demand for OTR tyres. Countries like the United Arab Emirates, Saudi Arabia, and Egypt are driving large-scale projects in construction and urban development, including mega-projects li...