The all-terrain vehicle (ATV) and utility task vehicle (UTV) are increasingly gaining popularity among various commercial as well as personal applications among the users of prominent economies. Furthermore, the emerging countries are also witnessing the swift adoption of these vehicles across numerous commercial, leisure and personal applications. Subsequently, the increase in production of these vehicles is fueling the lucrative growth of the ATV and UTV tire market and is anticipated to provide several lucrative profitable business opportunities for the market players during the coming year.
MARKET DYNAMICS
Factors such as rising popularity of ATV in adventure automotive sports and increase in adoption of UTV vehicles are propelling the demand for their accessories and components including tires. In addition, the surge in popularity of automotive based adventure sports along with their increase in adoption among the military forces is also projected to contribute substantially in the market's growth during the forecast period.
MARKET SCOPE
The "Global ATV and UTV Tire Market Analysis to 2028" is a specialized and in-depth study of the ATV and UTV tire industry with a special focus on the global market trend analysis. The report aims to provide an overview of ATV and UTV tire market with detailed market segmentation by type, rim size, compound size and geography. The global ATV and UTV tire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ATV and UTV tire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ATV and UTV tire market is segmented on the basis of type, rim size and compound size. Based on type, the ATV and UTV tire market is segmented tube and tubeless. On the basis of image rim size, the market is segmented as less than 15 inches, 16 to 18 inches, 18 to 20 inches and 21 inches & above. Whereas, based on compound type the market is divided into sand tires, all-terrain, mud and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ATV and UTV tire market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ATV and UTV tire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting ATV and UTV tire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the ATV and UTV tire market for each region.
MARKET PLAYERS
The reports cover key developments in the ATV and UTV tire 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 the way for the expansion of business and customer base of market players. The market payers from ATV and UTV tire market are anticipated to lucrative growth opportunities in the future with the rising demand for ATV and UTV tire in the global market. Below mentioned is the list of few companies engaged in the ATV and UTV tire market.
The report also includes the profiles of key 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 the last three years, key development in the past five years.
- Bridgestone Corporation
- Carlisle (The Carlstar Group LLC)
- Duro (Hwa Fong Rubber Ind. Co., Ltd.)
- Kenda Tire
- Maxxis International
- Michelin
- Sedona Tire and Wheel
- The Goodyear Tire and Rubber Company
- Titan International, Inc.
- TOYO 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.