ATV-UTV tires are special type of tires, which are designed to operate effectively and efficiently in special conditions such as mountaineering and military operations. ATV-UTV tires are fitted across the rim of a wheel to transfer load of a vehicle from axle to the ground. They are made of high-performance rubber that consists of tread, joint less cap piles, beads, and other materials; such as synthetic rubber, carbon black, and fabric, which are responsible for effective working of vehicles. Since, tires used in a vehicle are used to protect the wheel rim of a vehicle and at the same time offer tractive force between road surface and vehicle causing the vehicle to move. In addition, the ATV-UTV tires are manufactured with treads marked on them which causes the vehicle to move and at the same time are responsible for efficient driving of the vehicle.
Numerous ATV-UTV tires have been introduced by companies having a wider application in ATVs and UTVs, which supplements the growth of the market. Wider use of ATVs and UTVs for different purposes, such as use in adventurous sports and military operations, supplement the growth of ATV-UTV tire market. The applications of ATVs and UTVs are anticipated to witness significant growth over the years, owing to increased demand for such types of vehicles.
The global ATV-UTV tire market is segmented on the basis of type, application, industry vertical, and region. By type, it is categorized into racing tires, sand tires, mud tires, and all terrain tires. By application, it is categorized into all-terrain vehicle (ATV) and utility terrain vehicle (UTV). By industry vertical, it is categorized into agriculture, military, mountaineering, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the ATV-UTV tire market include Bridgestone, Carlisle, Duro Tire, Goodyear, KENDA Tire, Maxxis, Michelin, Sedona Tire and Wheel, Titan International Inc., Toyo Tire and others which holds major ATV-UTV tire market share.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Application
By Industry Vertical
By Region
Numerous ATV-UTV tires have been introduced by companies having a wider application in ATVs and UTVs, which supplements the growth of the market. Wider use of ATVs and UTVs for different purposes, such as use in adventurous sports and military operations, supplement the growth of ATV-UTV tire market. The applications of ATVs and UTVs are anticipated to witness significant growth over the years, owing to increased demand for such types of vehicles.
The global ATV-UTV tire market is segmented on the basis of type, application, industry vertical, and region. By type, it is categorized into racing tires, sand tires, mud tires, and all terrain tires. By application, it is categorized into all-terrain vehicle (ATV) and utility terrain vehicle (UTV). By industry vertical, it is categorized into agriculture, military, mountaineering, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the ATV-UTV tire market include Bridgestone, Carlisle, Duro Tire, Goodyear, KENDA Tire, Maxxis, Michelin, Sedona Tire and Wheel, Titan International Inc., Toyo Tire and others which holds major ATV-UTV tire market share.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the global ATV-UTV tire market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Type
- Racing Tires
- Sand Tires
- Mud Tires
- All Terrain Tires
By Application
- All-Terrain Vehicle (ATV)
- Utility Terrain Vehicle (UTV)
By Industry Vertical
- Agriculture
- Military
- Mountaineering
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ATV-UTV TIRE MARKET, BY TIRE TYPE
CHAPTER 5: ATV-UTV TIRE MARKET, BY APPLICATION
CHAPTER 6: ATV-UTV TIRE MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: ATV-UTV TIRE MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to the report titled, 'ATV-UTV Tire Market by Type, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global ATV and UTV tire market size was valued at $385.8 million in 2018, and is projected to reach $698.1 million by 2026, registering a CAGR of 7.5%.North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global ATV-UTV tire market share in 2018, whereas Canada is expected to grow at a significant rate in the ATV-UTV tire industry during the forecast period.
ATV-UTV tires are the special type of tires that are intended to provide a better and efficient driving experience. These types of tires are designed in such a way that they push the mud away from vehicles causing it to move at a suitable speed, maintaining traction at the same time. Inclination toward adventurous sporting has increased the demand for better and efficient ATVs and UTVs, which eventually supplements the growth of the ATV-UTV tire market across the globe.
Numerous products have been launched by different companies such as TOYO Tires for the introduction of SxS tires, followed by partnerships made by different companies, which fuels the ATV-UTV tire industry. In addition, governments across the globe have made certain regulations for the use of ATVs to carry out small tasks, which also acts as a factor for the ATV-UTV tire market growth.
Different types of ATV-UTV tires are available, which include racing tires, sand tires, mud tires, and all terrain tires, with a wide application in agriculture, military operations, mountaineering, and other activities.
Factors such as rise in trend of adventure sports & recreational activities, adoption of ATV and UTV in military activities, and government rules to support driving ATVs and UTVs on roads propel the growth of the market. Moreover, factors such as growth in the retreading tires market, followed by volatile prices of raw materials are the factors that hamper the growth of the market across the globe. However, anticipated rise in the automobile sector along with production of safer ATVs and UTVs propel the growth of ATV-UTV tire market.
Key Findings of the Study
By type, the all-terrain tire segment generated the highest revenue in 2018.
By industry vertical, the mountaineering segment was the highest revenue contributor in 2018 and is expected to maintain the lead during the forecast period.
By application, the ATV vehicle is anticipated to exhibit the highest CAGR during the forecast period.
By region, North America contributed the highest ATV-UTV tire market revenue in 2018, followed by Asia-Pacific, Europe, and LAMEA.
The key players analyzed in this report are Bridgestone, Carlisle, Duro Tire, Goodyear, KENDA Tire, Maxxis, Michelin, Sedona Tire and Wheel, Titan International Inc., Toyo Tire.
Companies Mentioned
- Bridgestone
- Carlisle
- Duro Tire
- Goodyear
- KENDA Tire
- Maxxis
- Michelin
- Sedona Tire Wheel
- Titan International Inc.
- Toyo Tire
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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