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Off-Road Tire Market 2025 Growth By Top Players Are Interco Tire, The Yokohama Rubber Co. Ltd., JK TYRE & INDUSTRIES LTD., Continental, Michelin, Nortec, Maxxis International, Bridgestone Corporation, Nokian Heavy Tyres Ltd.

03-23-2020 08:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Off-Road Tire Market

Off-Road Tire Market

Worldwide off-road tire market is characterized by string of various government policies and regulations to ensure robust performance and high driver safety. Following are some of the chief trends that are estimated to impel off-road tire industry outlook over the forecast period.

A rather questionable terrain in itself, off-road tire market has undoubtedly engraved a unique position in the off-road vehicle realm of late. The off-road tire market size is surging at an appreciable rate globally from the ongoing technological and performance enhancements in the tires. Moreover, the steady expansion of distributor as well as dealership network across the globe is likely to stir the industry trends during 2019-2025.

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Ongoing technological advancements in product manufacturing will stimulate off-road tire market trends. New generation tires will boast of enhanced tread patterns and performance attributes and will provide higher durability and heat resistance over the predecessor. Consistently expanding distributor & dealership network across the globe will also foster product penetration over the study timeline.

Synthetic rubber, being highly resistant to heat and abrasion, contributes to the longer product shelf-life ascribing to reduced wear and tear. Additionally, increased flame-resistivity of the tires endorses their aptness for extreme water sports along with off-roading activities, eventually driving the product penetration globally.

Surging demand for synthetic rubber tires will provide tremendous growth opportunities to off-road market players, aiding the expansion of the industry size. Estimates claim that synthetic rubber material segment is predicted to depict a CAGR of 7.5 per cent through 2025.

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The product is utilized for several off road vehicle types such as SUV, UTV, 4WD, HDT, Dirt Bikes & Quad and OTR. Pertaining to rising recreational activities and dirt bike events hosted across the globe, the Dirt Bikes & Quad segment is presumed to witness substantial gains in the off-road tire market. The increasing development of recreational parks and tracks for ATV will escalate the product demand.

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