PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567195
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567195
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
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 |
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
Table of Contents
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
- About us
