Press Release

Utility ATV to Dominate Global ATV Tire Market until 2024

Growing use of all-terrain vehicles in different sectors such as recreational, sports and military to drive global ATV tire market through 2024  

According to TechSci Research report, Global ATV Tire Market By Vehicle Type, By Demand Category, By Tire Size, By Region, Competition, Forecast & Opportunities, 2024”, ATV tire market, globally, is expected to register growth during 2019 - 2024, on account of increasing popularity of ATVs among youth. Moreover, expanding population, lifestyle changes and increasing disposable income are expected to positively influence global ATV tire market in coming years.

Goodyear Tire & Rubber Company, Maxxis International, Michelin Tyre Public Limited Company, Kenda Tires and Dunlop Tires are the leading players operating in global ATV tire market. Companies operating in the market are using organic strategies such as product launches, and mergers and collaborations in order to register positive growth in the market. Michelin has launched TWEEL SSL tires, which are based on airless technologies with high durability when compared with pneumatic tires.

Global ATV tire market can be segmented based on vehicle type, demand category and tire size.  In terms of vehicle type, ATV tire market can be segmented into utility, sports and youth. Utility vehicle type is the dominating segment in global ATV tire market, as it offers high performance with options for customizations and higher output. Moreover, easy maintenance and economical pricing of utility ATVs as compared to sports ATVs is expected to help the segment in maintaining its leading market position during the forecast period. Based on tire size, the market can be segmented into 8 inches, 12 inches, 16 inches and others. Generally, all-terrain vehicles in 8-10 inches tire width are preferred. However, vehicles can safely handle an increase in tire size by one or two, as it offers better performance in ground clearance and traction.

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“North America is the largest market for ATV tires across the globe, on account of increasing use of all-terrain vehicles in off-roading and recreational activities in the region. Asia-Pacific ATV tire demand is anticipated to increase in the next five years, owing to growing use of ATVs in defense and rising purchasing power parity in developing economies such as China and India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global ATV Tire Market By Vehicle Type, By Demand Category, By Tire Size, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global ATV tire market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global ATV tire Market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global 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 global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.



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