Paraguay Off-the-Road (OTR) Vehicle Tire Market Report and Forecast 2032

Lily Desouza11 Jul, 2025Business

The Paraguay Off-the-Road (OTR) Vehicle Tire Market is anticipated to witness a rise at a CAGR of around 3.2% during the forecast period, 2024-32. The country is known for its flourishing agricultural sector. Paraguay's fertile land and favorable climate facilitate abundant soybean cultivation, serving both domestic consumption & international markets. Apart from that, the country’s exceptional agricultural conditions assure a large corn crop used as a staple crop in numerous industries. Thus, the sector requires off-the-road tires for agricultural machines to navigate difficult terrains.