Off-road tires are a type of tires that use deep tread to provide more traction on unpaved surfaces such as loose dirt, sand, mud, and gravel. The growing construction activities across the globe, coupled with the government subsidies on agriculture equipment and increasing farm mechanization, are some of the major factors driving the growth of the off-road tires market. Moreover, proliferating construction and mining sectors in emerging countries such as India, China, Japan, and others are expected to propel the off-road tires market growth.
The swift adoption of ATV & UTV in various commercial and personal applications results in the increase in these vehicle productions, which fueling the growth off-road tires market growth. However, fluctuating raw material prices may restraint the off-road tires market growth over the forecast period. Further, rising AWD/4WD vehicles and off-road trailing activities coupled with the improving economic conditions and growing recreational spending are expected to offer lucrative growth opportunities for the off-road tires market growth in the upcoming years.
The "Global Off-road Tires Market Analysis to 2028" is a specialized and in-depth study of the off-road tires industry with a special focus on the global market trend analysis. The report aims to provide an overview off-road tires market with detailed market segmentation as tire height, distribution channel, application, and geography. The global off-road tires market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading off-road tires market players and offers key trends and opportunities in the off-road tires market.
The global off-road tires market is segmented on the basis of tire height, distribution channel, application. On the basis of tire height the market is segmented as below 30 inches, 30-40 inches, 40-45 inches, above 45 inches. On the basis of distribution channel the market is segmented as OEM, aftermarket. On the basis of application the market is segmented as 4WD HDT, SUV, UTV, dirt bikes and quad, OTR, others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Off-road tires market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The off-road tires market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting off-road tires market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the off-road tires market in these regions.
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The reports cover key developments in the off-road tires market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from off-road tires market are anticipated to lucrative growth opportunities in the future with the rising demand for off-road tires in the global market. Below mentioned is the list of few companies engaged in the off-road tires market.
The report also includes the profiles of key off-road tires companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Apollo Tyres Limited
Cooper Tire & Rubber Company
Hankook Tire & Technology Group
Pirelli & C. S.p.A.
The Goodyear Tire & Rubber Company
Toyo Tire Corporation
Yokohama Tire Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Apollo Tyres Limited
2. Bridgestone Corporation
3. Continental AG
4. Cooper Tire and Rubber Company
5. Hankook Tire and Technology Group
6. Michelin Pirelli and C. S.p.A.
7. The Goodyear Tire and Rubber Company
8. Toyo Tire Corporation
9. Yokohama Tire Corporation