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ATV-UTV Tire Market to Reach $698.1 Million by 2026, Registering a 7.5% CAGR
ATV-UTV Tire Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type : Global Opportunity Analysis and Industry Forecast, 2019-2026
PORTLAND, PROVINCE: OREGAON, UNITED STATES, September 2, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, "ATV-UTV Tire Market by Type, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2026," the global ATV and UTV tire market size was valued at $385.8 million in 2018, and is projected to reach $698.1 million by 2026, registering a CAGR of 7.5%.
ðððªð®ðð¬ð ððð¦ð©ð¥ð ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/request-sample/A05985
North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global ATV-UTV tire market share in 2018, whereas Canada is expected to grow at a significant rate in the ATV-UTV tire industry during the forecast period.
ATV-UTV tires are the special type of tires that are intended to provide a better and efficient driving experience. These types of tires are designed in such a way that they push the mud away from vehicles causing it to move at a suitable speed, maintaining traction at the same time. Inclination toward adventurous sporting has increased the demand for better and efficient ATVs and UTVs, which eventually supplements the growth of the ATV-UTV tire market across the globe.
Numerous products have been launched by different companies such as TOYO Tires for the introduction of SxS tires, followed by partnerships made by different companies, which fuels the ATV-UTV tire industry. In addition, governments across the globe have made certain regulations for the use of ATVs to carry out small tasks, which also acts as a factor for the ATV-UTV tire market growth.
ðð«ð¨ðð®ð«ð ðð¨ð¦ð©ð¥ððð ððð¬ððð«ðð¡ ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/atv-utv-tire-market/purchase-options
Different types of ATV-UTV tires are available, which include racing tires, sand tires, mud tires, and all terrain tires, with a wide application in agriculture, military operations, mountaineering, and other activities.
Factors such as rise in trend of adventure sports & recreational activities, adoption of ATV and UTV in military activities, and government rules to support driving ATVs and UTVs on roads propel the growth of the market. Moreover, factors such as growth in the retreading tires market, followed by volatile prices of raw materials are the factors that hamper the growth of the market across the globe. However, anticipated rise in the automobile sector along with production of safer ATVs and UTVs propel the growth of ATV-UTV tire market.
ððð¤ð ðð§ ðð§ðªð®ð¢ð«ð² ðððð¨ð«ð ðð®ð²ð¢ð§ð – https://www.alliedmarketresearch.com/purchase-enquiry/A05985
ððððð¢ð§ð ððð«ð¤ðð ðð¥ðð²ðð«ð¬ :
Bridgestone, Carlisle, Duro Tire, Goodyear, KENDA Tire, Maxxis, Michelin, Sedona Tire and Wheel, Titan International Inc., Toyo Tire.
ððð² ð
ð¢ð§ðð¢ð§ð ð¬ ð¨ð ðð¡ð ððð®ðð²
By type, the all-terrain tire segment generated the highest revenue in 2018.
By industry vertical, the mountaineering segment was the highest revenue contributor in 2018 and is expected to maintain the lead during the forecast
period.
By application, the ATV vehicle is anticipated to exhibit the highest CAGR during the forecast period.
By region, North America contributed the highest ATV-UTV tire market revenue in 2018, followed by Asia-Pacific, Europe, and LAMEA.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
ATV-UTV Tire Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type : Global Opportunity Analysis and Industry Forecast, 2019-2026
PORTLAND, PROVINCE: OREGAON, UNITED STATES, September 2, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, "ATV-UTV Tire Market by Type, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2026," the global ATV and UTV tire market size was valued at $385.8 million in 2018, and is projected to reach $698.1 million by 2026, registering a CAGR of 7.5%.
ðððªð®ðð¬ð ððð¦ð©ð¥ð ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/request-sample/A05985
North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global ATV-UTV tire market share in 2018, whereas Canada is expected to grow at a significant rate in the ATV-UTV tire industry during the forecast period.
ATV-UTV tires are the special type of tires that are intended to provide a better and efficient driving experience. These types of tires are designed in such a way that they push the mud away from vehicles causing it to move at a suitable speed, maintaining traction at the same time. Inclination toward adventurous sporting has increased the demand for better and efficient ATVs and UTVs, which eventually supplements the growth of the ATV-UTV tire market across the globe.
Numerous products have been launched by different companies such as TOYO Tires for the introduction of SxS tires, followed by partnerships made by different companies, which fuels the ATV-UTV tire industry. In addition, governments across the globe have made certain regulations for the use of ATVs to carry out small tasks, which also acts as a factor for the ATV-UTV tire market growth.
ðð«ð¨ðð®ð«ð ðð¨ð¦ð©ð¥ððð ððð¬ððð«ðð¡ ððð©ð¨ð«ð – https://www.alliedmarketresearch.com/atv-utv-tire-market/purchase-options
Different types of ATV-UTV tires are available, which include racing tires, sand tires, mud tires, and all terrain tires, with a wide application in agriculture, military operations, mountaineering, and other activities.
Factors such as rise in trend of adventure sports & recreational activities, adoption of ATV and UTV in military activities, and government rules to support driving ATVs and UTVs on roads propel the growth of the market. Moreover, factors such as growth in the retreading tires market, followed by volatile prices of raw materials are the factors that hamper the growth of the market across the globe. However, anticipated rise in the automobile sector along with production of safer ATVs and UTVs propel the growth of ATV-UTV tire market.
ððð¤ð ðð§ ðð§ðªð®ð¢ð«ð² ðððð¨ð«ð ðð®ð²ð¢ð§ð – https://www.alliedmarketresearch.com/purchase-enquiry/A05985
ððððð¢ð§ð ððð«ð¤ðð ðð¥ðð²ðð«ð¬ :
Bridgestone, Carlisle, Duro Tire, Goodyear, KENDA Tire, Maxxis, Michelin, Sedona Tire and Wheel, Titan International Inc., Toyo Tire.
ððð² ð
ð¢ð§ðð¢ð§ð ð¬ ð¨ð ðð¡ð ððð®ðð²
By type, the all-terrain tire segment generated the highest revenue in 2018.
By industry vertical, the mountaineering segment was the highest revenue contributor in 2018 and is expected to maintain the lead during the forecast
period.
By application, the ATV vehicle is anticipated to exhibit the highest CAGR during the forecast period.
By region, North America contributed the highest ATV-UTV tire market revenue in 2018, followed by Asia-Pacific, Europe, and LAMEA.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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Sherri Bailey
September 4, 2024 at 4:24 pm
In conclusion, the global ATV-UTV tire market is poised for significant growth, projected to reach $698.1 million by 2026 at a robust CAGR of 7.5%. This expansion is driven by increasing participation in adventure sports and recreational activities, the growing adoption of ATVs and UTVs in military applications, and favorable governmental regulations. North America leads the market, with ongoing innovations from major tire manufacturers enhancing product offerings to meet diverse consumer demands. Despite potential challenges such as fluctuating raw material prices and the growing retread market, the overall outlook for the ATV-UTV tire industry remains positive, bolstered by rising automotive sector production and improvements in tire safety. As the market evolves, companies that continue to innovate and adapt to consumer preferences will likely secure a competitive advantage.
Cheryl Ward
September 4, 2024 at 4:43 pm
In conclusion, the ATV-UTV tire market is poised for significant growth, projected to reach $698.1 million by 2026, driven by a robust CAGR of 7.5%. The increasing popularity of adventure sports and recreational activities, along with heightened adoption of ATVs and UTVs in military operations, underscores a vibrant market landscape. North America remains the dominant region, with innovative product launches and strategic partnerships further fueling growth. Despite challenges such as volatile raw material prices, the trend towards safer and more efficient ATV and UTV designs is anticipated to bolster market expansion. As consumer demand for high-performance tires continues to rise, stakeholders are well-positioned to capitalize on the opportunities within this dynamic industry.
Samuel Long
September 4, 2024 at 4:49 pm
In conclusion, the ATV-UTV tire market is poised for significant growth, with projections indicating an increase from $385.8 million in 2018 to $698.1 million by 2026, achieving a robust CAGR of 7.5%. This growth is primarily driven by the rising popularity of adventure sports and the expanding use of ATVs and UTVs across various applications, including agriculture and military operations. North America remains the leading market, reflecting a strong demand for specialized tires that enhance performance and safety. With ongoing innovations and partnerships in the tire industry, alongside supportive government regulations, the ATV-UTV tire market is expected to continue its upward trajectory, catering to the evolving needs of consumers and fostering a more dynamic recreational landscape.
Brian Lopez
September 4, 2024 at 8:48 pm
In conclusion, the ATV-UTV tire market is poised for significant growth, projected to reach $698.1 million by 2026, driven by a robust CAGR of 7.5%. The increase in adventure sports and recreational activities, coupled with the rising adoption of ATVs and UTVs in various sectors, including agriculture and military operations, underscores the growing demand for specialized tires. North America leads the market, with innovative products and partnerships from major manufacturers enhancing competition and market dynamics. Despite challenges such as raw material price volatility, the overall trajectory of the ATV-UTV tire market indicates a bright future, fueled by advancements in tire technology and expanding applications across diverse industries.
Ron Jenkins
September 5, 2024 at 12:13 am
In conclusion, the global ATV-UTV tire market is poised for significant growth, projected to reach $698.1 million by 2026 while registering a robust CAGR of 7.5%. This growth is driven by increasing demand for adventure sports, the expanding use of ATVs and UTVs in various sectors, and innovations in tire technology. North America leads the market, with anticipated growth in regions such as Canada. Challenges such as fluctuating raw material prices and the retreading tire market may impact growth, but the overall outlook remains positive as advancements in automobile safety and performance fuel consumer interest. Companies are responding to these trends with new product launches and strategic partnerships, positioning themselves advantageously in this dynamic market.
Dave Hughes
September 5, 2024 at 3:27 am
In conclusion, the ATV-UTV tire market is poised for significant growth, with projections indicating an increase from $385.8 million in 2018 to $698.1 million by 2026, at a robust CAGR of 7.5%. This expansion is primarily driven by rising consumer interest in adventure sports and recreational activities, along with increased adoption of ATVs and UTVs across various sectors, including military operations and agriculture. North America leads the market, underscored by innovations from key industry players and supportive government regulations. Despite challenges such as fluctuating raw material prices, the sustained demand for specialized tires and advancements in vehicle safety are expected to further propel market growth. As the industry evolves, stakeholders are well-positioned to capitalize on the emerging opportunities in this dynamic market.