Global ATV/UTV Tires Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global ATV/UTV Tires Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A tire (American English) or tire is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface traveled over. Sport/Performance / Recreation/Dual purpose Tires is a kind of tires for Utility Task Vehicle and All-Terrain Vehicle.

Market Overview:

The latest research study on the global ATV/UTV Tires market finds that the global ATV/UTV Tires market reached a value of USD 697.61 million in 2022. It’s expected that the market will achieve USD 1089.2 million by 2028, exhibiting a CAGR of 7.71% during the forecast period.

Emerging countries and region

For example, India, South America, have large population in the world, with the development of local enterprises, development of economic, increase of Per capita disposable income, the demand for ATV/UTV Tires has also expanded, the market of ATV/UTV Tires has great market potential in those Regions. In addition, more and more suppliers are shifting their production bases to the Asia-Pacific, South America region because the low labor cost and these regions have a good industrial base. This is also one of the factors driving market growth in the region.

Upgrade product performance

With the improvement of the technology of various suppliers, the production technology of ATV/UTV Tires is also constantly improving. The current ATV/UTV Tires has different products for different types of ATV. In the future, with the development of automotive industry, the market will have more detailed requirements for ATV/UTV Tires. Develop more affordable, higher performance products. It will be one of the opportunities for suppliers to gain market share in this market.

Development of downstream industry

With the continuous development of the global economy, people's living standards have improved, and off-road activities have entered the public's field of vision. The increase in the ATV/UTV market has brought a large demand for ATV/UTV Tires. With the continuous expansion of ATV/UTV's downstream applications, ATV/UTV can be used in national defense and agriculture. The market for ATV/UTV Tires has also expanded.

Region Overview:

China is projected to account for a considerable share of the ATV/UTV Tires market and is expected to become the largest region by 2028.

Company Overview:

Carlstar Group is one of the major players operating in the ATV/UTV Tires market, holding a share of 12.2% in 2023.

Carlstar Group

The Carlstar Group LLC manufactures industrial belts, wheels, and specialty tires for agriculture, construction, industry, outdoor power equipment, powersports, towables, and trailers.

CST Tires

CST Tires, together with subsidiaries, processes, manufactures, and trades in bicycle tires, electrical vehicle tires, reclaimed rubbers, various rubbers and resins, and other rubber product

Segmentation Overview:

As for product types, the Utility Tires segment held the largest market share in 2022.

Application Overview:

By application, the Sport/Performance segment occupied the biggest share from 2018 to 2022.

Key Companies in the global ATV/UTV Tires market covered in Chapter 3:

Wanda
Kenda Tire
CST Tires
Taiyangfeng
Duro Tire
Carlstar Group
Kanati Tires
Interco Tire
OTR Wheel Engineering
Titan Tire

In Chapter 4 and Chapter 14.2, on the basis of types, the ATV/UTV Tires market from 2018 to 2029 is primarily split into:

Racing Tires
Sand Tires
Mud Tires
Utility Tires
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the ATV/UTV Tires market from 2018 to 2029 covers:

Sport/Performance
Recreation/Dual purpose
Utility/Work
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)