Off Road Tires Market, By Vehicle Type (Agricultural Vehicles, Construction Vehicles, Mining Vehicles, All-Terrain Vehicles , and Others), By Tire Type, By Application, By Geography

Description

The global off road tires market is estimated to be valued at USD 18.65 Bn in 2024 and is expected to reach USD 28.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 18.65 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.20%	2031 Value Projection:	US$ 28.34 Bn

Figure. Off Road Tires Market Share (%), By Region, 2024

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

Product Code: CMI7338

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Global Off Road Tires Market, By Vehicle Type
- Global Off Road Tires Market, By Tire Type
- Global Off Road Tires Market, By Application
- Global Off Road Tires Market, By Region

3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Off Road Tires Market, By Vehicle Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Agricultural Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Construction Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Mining Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
All-Terrain Vehicles (ATVs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Off Road Tires Market, By Tire Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Radial Tires
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Bias Tires
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Off Road Tires Market, By Application, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Outdoor Recreation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others (Forestry, Military, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Off Road Tires Market, By Region, 2020 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Vehicle Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Tire Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Vehicle Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Tire Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Vehicle Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Tire Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Vehicle Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Tire Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Vehicle Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Tire Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Vehicle Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Tire Type , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. COMPETITIVE LANDSCAPE

Bridgestone Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CEAT Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cheng Shin Rubber Ind. Co., Ltd. (Maxxis)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Continental AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Goodyear Tire & Rubber Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hankook Tire & Technology Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kumho Tire Co., Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Michelin
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nokian Tyres plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Pirelli & C. S.p.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Toyo Tire Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Triangle Tire Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Uniroyal Tires
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ventus Rubber Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Yokohama Rubber Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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