Off Road Tires Market, By Vehicle Type (Agricultural Vehicles , Construction Vehicles , Mining Vehicles , All-Terrain Vehicles (ATVs) , and Others), By Tire Type (Radial Tires and Bias Tires), By Application (Agriculture , Construction , Mining , Outdoor

Off Road Tires Market, By Vehicle Type (Agricultural Vehicles , Construction Vehicles , Mining Vehicles , All-Terrain Vehicles (ATVs) , and Others), By Tire Type (Radial Tires and Bias Tires), By Application (Agriculture , Construction , Mining , Outdoor Recreation , and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The global off road tires market has been growing steadily over the past few years. Off road tires, also known as mud-terrain tires, all-terrain tires, or rock-crawler tires, are specifically designed for driving on unpaved surfaces with uneven terrains and poor road conditions. They have more aggressive tread patterns and sidewall designs compared to regular tires to provide better traction on loose surfaces like mud, dirt, gravel, sand, or rocks. The off road tire industry has benefited from the increasing popularity of off roading as a sport and recreational activity. Manufacturers are focusing on developing advanced tire compounds that offer improved dirt adhesion, puncture resistance, and durability suitable for heavy-duty applications such as construction, mining, and farming. Moreover, growth in sales of SUVs and pickup trucks in recent times has had a positive impact on the demand for off road tires.

Market Dynamics:

Improvement in economic conditions globally has increased discretionary spending on recreational vehicles and off-road vehicles which use specialty off road tires. However, increased raw material costs due to supply chain issues pose a challenge for the profitability of manufacturers. Adoption of advanced tire technologies focused on traction, durability, and low rolling resistance by key players is expected to present lucrative opportunities in the market. Investments in R&D for the development of tires suitable for electric vehicles will further support future growth prospects.

Key Features of the Study:

This report provides in-depth analysis of the global off road tires market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global off road tires market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Bridgestone Corporation, CEAT Ltd., Cheng Shin Rubber Ind. Co., Ltd. (Maxxis), Continental AG, Goodyear Tire & Rubber Company, Hankook Tire & Technology Co., Ltd., Kumho Tire Co., Inc., Michelin, Nokian Tyres plc, Pirelli & C. S.p.A., Toyo Tire Corporation, Triangle Tire Co., Ltd., Uniroyal Tires, Ventus Rubber Co., Ltd., and Yokohama Rubber Company

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global off road tires market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global off road tires market

Detailed Segmentation-

By Vehicle Type Insights (Revenue, USD Bn, 2019 - 2031)

Agricultural Vehicles

Construction Vehicles

Mining Vehicles

All-Terrain Vehicles (ATVs)

Others (Forestry, Military, etc.)

By Tire Type Insights (Revenue, USD Bn, 2019 - 2031)

Radial Tires

Bias Tires

By Application Insights (Revenue, USD Bn, 2019 - 2031

Agriculture

Construction

Mining

Outdoor Recreation

Others (Forestry, Military, etc.)

By Regional Insights (Revenue, USD Bn 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Bridgestone Corporation

CEAT Ltd.

Cheng Shin Rubber Ind. Co., Ltd. (Maxxis)

Continental AG

Goodyear Tire & Rubber Company

Hankook Tire & Technology Co., Ltd.

Kumho Tire Co., Inc.

Michelin

Nokian Tyres plc

Pirelli & C. S.p.A.

Toyo Tire Corporation

Triangle Tire Co., Ltd.

Uniroyal Tires

Ventus Rubber Co., Ltd.

Yokohama Rubber Company