The Global Off-road Tyre Market size was registered at USD 459.6 Billion in 2021 and is expected to reach the value of USD 849.3 Billion by 2030, growing at a CAGR of 7.3% during the forecast period from 2022 to 2030
Heavy-duty vehicles are frequently equipped with off-the-road (OTR) tyre for use in mining, agriculture, logistics, and the housing sectors. tyre Increased use of off-road vehicles such cranes, wheel loaders, telescopic handlers, tractors, and special purpose vehicles is another factor fueling the market’s expansion.
The verified information in the study is based on findings from in-depth primary and secondary research. Data insights are wonderful tools for facilitating a deeper understanding of many facets of the worldwide market for off-road tyres. This aids users’ developmental method even more.
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This report examines all the key factors influencing growth of global Off-road Tyre market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Off-road tyre market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Regional Analysis:
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Off-road Tyre market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Industry Key Players:
- AEOLUS TYRE
- TOYO Tyre
- Cooper Tire
- Michelin
- Hankook
- Yokohama
- KUMHO TIRES
- Continental
Global Off-road Tyre Market: Types
- Off-Road Vehicles
- ATVs
- Motocross and Enduro Motorcycles
- Mountain Bikes
Market Growth Aspects:
As demand for agricultural tractors, construction machinery, heavy equipment, and quickly developing infrastructure increases in developed and developing countries, so is predicted to be the need for off-road tyres. AWD, UTV, and 4WD vehicle demand is predicted to increase in the coming years due to the popularity of these vehicles for a variety of leisure activities.
The improved grip and sliding friction also improve driving comfort and safety. Because of this, market expansion for safe driving on uneven terrain is probably going to pick up speed in the upcoming years. Moreover, heavy-duty trucks and vehicles utilised for off-road pursuits including mining, agriculture, logistics, and construction commonly employ these tyres. Excavators, special purpose vehicles, telescopic handlers, dump trucks, and tractors are a few examples of off-road vehicles whose use is expanding.
Key Points:
- Define, describe and forecast Off-road Tyre product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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