According
to TechSci Research report, “Global All-Terrain Vehicle Tire Market By Vehicle
Type, By Demand Category, By Tire Size, By Company, By Region, Competition
Forecast & Opportunities, 2014 – 2024”, the global all-terrain
vehicle tire market is projected to reach $ 646 million by 2024. Growth in the
market for ATV tires can be attributed to increasing trend of off-roading
activities such as recreational and leisure activities and rising usage of ATV in
agriculture sector for transportation of light goods in Europe and North
America. Increasing demand from defence sector is also expected to boost the
sales of all-terrain vehicle tires during forecast period.
Browse 180 market data Figures spread through 110
Pages and an in-depth TOC on "Global ATV Tire Market"
In
terms of vehicle type, utility all-terrain vehicle tire segment accounted for
the largest share in the global all-terrain vehicle tire market in 2018, backed
by their versatile usage, high load carrying capacity, easy maintenance and
economical pricing as compared to other ATVs. Over the coming years, major
global all-terrain vehicle manufacturers are anticipated to come up with a wide
range of advanced and specifically designed all-terrain vehicle tires to meet
varying customer requirements. North America dominates the global all-terrain
vehicle tire market, owing to increasing number of ATV sports and racing
tournaments, rapid usage in agriculture, especially in poultry farming, and
growing off-roading activities in the region. United States dominates the North America ATV tire market
with market share of over 75% in 2018. Moreover, increase in the number of all-terrain
vehicles in material transport, hunting as well as in forest and desert safari,
etc., is expected to further fuel up the demand for all-terrain vehicle tires in
North America.
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“Expanding
global ATV fleet, growing use of ATVs in several applications such as sports,
entertainment and agriculture coupled with a rising number of international tire
players foraying into ATV tire market is anticipated to positively influence
the global ATV tire market. Moreover, increasing focus of manufacturers to
develop eco-friendly and advanced ATV tires is expected to act as a catalyst
for the industry growth in the coming years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
All-Terrain Vehicle Tire Market By Product Type, By Engine Displacement, By
Application Type, By Region, Competition Forecast & Opportunities, 2014 – 2024” has evaluated the future growth
potential of all-terrain vehicles market, globally, and provides statistics and
information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyses emerging trends along with essential drivers and key challenges
faced by the industry.
About TechSci Research
TechSci Research is a leading APAC
market research firm publishing premium market research reports. Serving 700 APAC
clients with more than 600 premium market research studies, TechSci Research is
serving clients across 11 different industrial verticals. TechSci Research
specializes in research based consulting assignments in high growth and
emerging markets, leading technologies and niche applications. Our workforce of
more than 100 fulltime Analysts and Consultants employing innovative research
solutions and tracking APAC and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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