Press release
Off Road Tires Market is valued at USD 3.1 billion in 2022: Cognitive Market Research
Off Road Tires Market is valued at USD 3.1 billion in 2022: Cognitive Market Research
Off-road tires are a type of automotive tire that uses a deep tread to give traction on a variety of uneven terrain, including, mud, or gravel. Instead of having studs like ice or snow tires have, they do, however, feature wider, deeper grooves in the tread that are intended to help the tire sink into mud or gravel. These radials often feature large, deep treads. Exposed tread edges on dirt surfaces sink into soft surfaces to provide traction more than rolling abrasion alone, similar to the grip offered by cleated shoes.
Summary:
As per the study of CMR, The Global Off Road Tires Market size stood at USD 3.1 billion in 2022.
To know more The Off Road Tires Market statistics click here: https://www.cognitivemarketresearch.com/off-road-tires-market-report
Market Dynamics:
What are the driving factors for the Off Road Tires Market?
The growing mining & construction industry, the surge in the utilization of OTR Tires in Off-highway Vehicles, and the increasing demand for agricultural tractors are propelling the growth of the OTR tire market. Demanding working circumstances in the respective industries of construction, agriculture, and mining vehicles are propelling the market's expansion. In addition, the growing demand for 4WD and AWD vehicles for various activities is expected to boost the market during the forecast period. However, stringent emission regulations for hazardous air pollutant emissions for tire manufacturing companies can hamper the growth of the market.
Market Segmentation:
Tire Type:
• Radial
• Bias
• Solid
• Others
Tire Size:
• Less than 20''
• 21'' to 30''
• 31'' to 40''
• 41" to 50"
• 51" to 60"
• More than 61"
Sales Channel:
• OEM
• Aftermarket
Application:
• Excavators
• Backhoes
• Bulldozers
• Wheel Tractor Scrapers
• Trenchers
• Loaders
• Tower Cranes
• Compactors
• Telehandlers
• Dump Trucks
• Wheel Loaders
• Heavy Duty Forklifts
• AGVs
• Reach Stackers
• Others
Competitive Analysis for Off Road Tires Market: Bridgestone, Goodyear, Michelin, Continental AG, Pirelli, Hankook, Sumitomo, Yokohama, Maxxis, Zhongce, GITI Tire, Toyo Tire, Cooper Tire, Kumho Tire
Get free sample pages of the latest published Off Road Tires Market Report: https://www.cognitivemarketresearch.com/off-road-tires-market-report
Asia Pacific is Dominating the Off Road Tires Market
Asia Pacific is dominating the off-road tire market and is projected to remain its dominance over the forecast period. This is due to the growth of construction, and agriculture in countries like India, China, and others. On the other hand, the North American region is estimated as the second-largest market for the Off Road Tires market. This is due to the strong presence of the key market players in this region.
Off Road Tires Market Recent Development:
Apollo launched the Tramplr Range of Tyres (September 2022)
Indian tire manufacturer Apollo Tyres launched the Tramplr range of Enduro Odd-Road and Enduri street tires for the Indian motorcycle segment ranging from 150cc motorcycles and 500cc motorcycles.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Off Road Tires Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Off Road Tires Market Segmentation
1.5.1 Off Road Tires Market Regional Fragmentation
1.5.1 Off Road Tires Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Off Road Tires Market
• 3.1 Global Off Road Tires Market Size 2018 - 2030, (USD Million)
• 3.2 Global Off Road Tires Value, Absolute & Opportunity Analysis
• 3.3 Global Off Road Tires Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Off Road Tires Market Statistics 2022: Snapshot
Chapter 4 Global Off Road Tires Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Off Road Tires Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Off Road Tires Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Off Road Tires Market by Tire Size Segmentation Analysis (2018-2030)
Chapter 12 Global Off Road Tires Market by Sales Channel Segmentation Analysis (2018-2030)
Chapter 13 Global Off Road Tires Market Regional Analysis
Chapter 14 North America Off Road Tires Market Outlook (2018 - 2030)
Chapter 15 Europe Off Road Tires Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Off Road Tires Market Outlook (2018 - 2030)
Chapter 17 Latin America Off Road Tires Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Off Road Tires Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customized/Exclusive Report Access on Request
To know more Off Road Tires Market TOC click here: https://www.cognitivemarketresearch.com/off-road-tires-market-report#table_of_contents
Related Report:
• Automotive Gears Market- https://www.cognitivemarketresearch.com/automotive-gears-market-report
• Automotive Tires Market- https://www.cognitivemarketresearch.com/automotive-tires-market-report
• Electric Vehicle Market- https://www.cognitivemarketresearch.com/electric-vehicle-market-report
• Marine Electric Vehicle Market- https://www.cognitivemarketresearch.com/marine-electric-vehicle-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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