ATV Tires Market Size 2022 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2027

The ATV Tires Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the ATV Tires market growth.

The Global ATV Tires Market Size is Projected to Reach at a CAGR of 8% during 2022-2027.

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Market Overview

Some of the major factors driving the growth of the ATV tire market are increase in demand of ATVs in various segments like recreation and sports, defense and military, agriculture, mining etc.
There is an increase in demand for ATVsUTVs from the tourism sector. With an increase in global income level people are spending more on recreational and leisure activities. Also, with the number of sporting events growing all over the world, there is an increase in number of ATV tracks as well. For instance, UTV takeover in Coos Bay, US is an event which takes place on Box car Hill Campground just outside the city of Coos Bay. The event has gained a lot of recognition as anyone who knows how to drive ATV/UTV can take part in the event.

Top Leading Companies:

Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama, Maxxis, Zhongce, GITI Tire, Toyo Tire, Cooper Tire, Kumho Tire, Apollo Tires Ltd, Triangle Group, Nexen Tire

Recent Development:

Continental has acquired 20 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. Continental’s largest acquisition to date was in 2014, when it acquired Veyance Technologies for $1.9B. Continental has acquired in 6 different US states, and 8 countries. The Company’s most targeted sectors include automotive (55%) and software (20%).

Sumitomo has acquired 37 companies, including 21 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 6 assets. Sumitomo’s largest acquisition to date was in 2014, when it acquired Clermont Mine for $1.0B. It’s largest disclosed sale occurred in 2016, when it sold Soukai Drug to Rakuten for $74M. Sumitomo has acquired in 8 different US states, and 15 countries. The Company’s most targeted sectors include metals/mining (11%) and energy services and equipment (11%).

ATV Tires Market Segmentation by Type:

8 Inches
12 Inches
16 Inches
Other

ATV Tires Market Segmentation by Application:

ATV Game
Family Leisure
Other

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North America is Expected to Lead the Market During

There are many sport events taking place in the North American countries like USA and Canada. The grand national cross-country series, ATV National Motocross Championship, and Championship Mud Racing are few such events where a different class of ATVs are used. Also, the demand of ATVs in all the age sections of the society will drive the growth of the market in the forecast period. For instance, in 2018, 8.11% of Americans aged between 18 and 29 years owned an ATV, 11.85% of people aged between 30 and 49 years owned an ATV, and 5.5% of people aged between 50 and 64 years own an ATV.  This percentage is expected to increase over the forecast period, with an anticipated increase of people’s interest in recreational activities. The United States is the largest market in the North American region, occupying more than 90% of the total value, followed by Canada and Mexico.

Regional ATV Tires Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the ATV Tires Market Report:

Detailed overview of ATV Tires Market
Changing the ATV Tires market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected ATV Tires market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of ATV Tires Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the ATV Tires Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. ATV Tires industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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