1 / 8

Off-road Tires Market Share, Trend & Growth Forecast to 2027

Europe off-road tires market share could be worth US$125 billion by 2027. The region is witnessing steady rise in off-road recreational activities such as racing, camping, and forest adventures. The presence of some of the worldu2019s largest automakers will boost the regional demand significantly.

sudeepkedar77
Download Presentation

Off-road Tires Market Share, Trend & Growth Forecast to 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Off-road Tires Market : Future Trend and Growth Opportunities by 2027

  2. Industry Insights: • The off-road tires industry is poised to gain substantial traction in the automotive & transportation landscape in the next few years. Demand is largely driven by the increased popularity of AWD/4WD vehicles, which are experiencing growing adoption worldwide. Growing consumer interest in recreational activities such as off-road racing has fueled the popularity of these vehicles. • Tires utilized for off-roading are commonly made of natural rubber, synthetic rubber, carbon black, and fabrics & wire. Among these, carbon black made up around 25% of the worldwide off-road tires industry share in terms of revenue in 2020. Suitable for both on-road and off-road applications, it serves as a stabilizing material and is used to produce tread compounds in tires. The high-performance material is known for its impressive heat dissipation and wear-resistant characteristics when mixed with rubber and will experience robust demand in the near future. Global off-road tires market to surpass US$700 billion by the end of 2027

  3. Considering the type of vehicle, the SUV segment is projected to hold a notable share of the off-road tires market through 2027. SUV’s have gained massive popularity in the off-highway vehicles sector. This is because SUVs are considered one of the most practical bodies when compared to other similar-sized vehicles. Besides more room, they provide greater customizability and easier ingress and egress. As SUVs gain further popularity among consumers, the demand for off-road tires will surge significantly. • Get sample copy of this research report @ • https://www.gminsights.com/request-sample/detail/4367 • Off-road tire sales from the secondary/replacement distribution channel could increase at a 7% CAGR in the next few years. This channel is highly preferred by customers to source off-road tires and other automotive parts. To meet the growing market demand and improve buying experience of customers, tire manufacturers are establishing new retail outlets. In April 2021, for instance, CEAT announced it aims to set up over 100 tire retail stores in Tier I and Tier II cities across India. Such initiatives to deliver safe and reliable products to customers will benefit the overall off-road-tires industry outlook.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/off-road-tires-market Chapter 5 Off-road Tires, By Tire Height 5.1 Global off-road tires share by tire height, 2020 & 2027 5.2 Below 31 inches 5.2.1 Global market estimates and forecasts, 2017 – 2027 5.2.2 Market estimates and forecast, by region, 2017 – 2027 5.3 31-40 inches 5.3.1 Global market estimates and forecasts, 2017 – 2027 5.3.2 Market estimates and forecast, by region, 2017 – 2027

  5. 5.4 41-45 inches 5.4.1 Global market estimates and forecasts, 2017 – 2027 5.4.2 Market estimates and forecast, by region, 2017 – 2027 5.5 Above 45 inches 5.5.1 Global market estimates and forecasts, 2017 – 2027 5.5.2 Market estimates and forecast, by region, 2017 – 2027

  6. Region: • Europe off-road tires market share could be worth US$125 billion by 2027. The region is witnessing steady rise in off-road recreational activities such as racing, camping, and forest adventures. The presence of some of the world’s largest automakers will boost the regional demand significantly. Meanwhile, North America and Asia Pacific will record notable growth in the forthcoming years. The demand in these regions will be influenced by increasing adoption of SUVs, AWDs, 4WDs, UTV, and others.

  7. Key Players • Bridgestone Corporation • Yokohama Tire Corp. • JK Tyre & Industries Ltd. • Nokian Heavy Tyres Ltd. • Nortec

  8. Stay In Touch Social Media:

More Related