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Off Road Tyres Market Analysis by Growth Scope, Regional Demand, New Upgrades and Forecast From 2022 to 2029 | Key Market Players - Continental AG, Bridgestone corporation, Michelin, Goodyear, Pirelli, Sumitomo, Yokohama
Based on previous market performance, the Off road tyres market is expected to reach USD 12.11 billion in size by 2028. With a 6.3% CAGR.Off road tyres Market Overview:
Off-road tires have blocky, heavy-duty tread patterns and puncture-resistant sidewalls that can endure abuse from slamming into boulders while also keeping traction in mud and loose debris. Off-road tires are widely used in heavy duty vehicles for off-road applications in agriculture, mining, and logistics, as well as in the housing industry. The growth of the housing industry in emerging countries has boosted demand for construction and material handling equipment, which is expected to propel the off-road tire market to new heights.
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Over the projected period, the radial tire segment is expected to increase at the fastest rate. Radial tires' advantages in numerous applications are driving the upward trend. Radial off-road tires offer reduced fuel consumption, excellent grip, increased cut resistance in the tread region, and flotation.
Based on our expert's analysis the players that are leading the market includes: Continental AG, Bridgestone corporation, Michelin, Goodyear, Pirelli, Sumitomo, Yokohama, Hankook TIRE, Nokian and Ceat. and Others.
The whole market is segmented as follows:
Off Road Tyres Market by Material, 2019-2028, (In USD Million)
Synthetic Rubber
Natural Rubber
Fabrics & Wire
Carbon Black
Off Road Tyres Market By Vehicle, 2019-2028, (In USD Million)
4WD HDT
SUV
UTV
Dirt Bikes & Quad
OTR
Industry Developments:
Off-road tire types for mining vehicles were introduced by Yokohama's Galaxy brand in 2019. These tires have cut and heat resistance materials, which may attract more clients looking for off-road tires that endure a long time.
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Off road tyres Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Off road tyres Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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