Global Off-Highway Wheels Market Size is Estimated to Reach USD 2555.8 million by 2032, Growing at a CAGR of 6.12%: Straits Research [Yahoo! Finance]
Titan International, Inc. (DE) (TWI)
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Source: Yahoo! Finance
and urbanization projects, along with a projected 4.2% annual growth in construction between 2022 and 2025, fuels demand for off-highway wheels. Meanwhile, North America expects a 5.83% CAGR. Despite pandemic disruptions causing a 32.9% GDP decline, the region's off-highway wheel market is rebounding, propelled by construction, mining, and agriculture sector recoveries. The United States Construction Databook Series foresees rapid construction sector growth. New York, United States, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Off-road vehicles used in mining, building, and industrial settings are the most common applications for off-highway tires. They are a popular substitute for the typical on-road tires used on cars typically driven in topographically challenging terrain. Off-highway vehicles may travel on and off paved or gravel terrain. They are sometimes referred to as off-road vehicles, overland vehicles, or adventure vehicles. It is often recognized by large tires with wide, deep trea
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