ATV Tire Market to Surpass $640 Million by 2024

Growing use of all-terrain vehicles in different application areas such as agriculture, sports and entertainment to drive global ATV tire market through 2024  

According to TechSci Research report, “Global All-Terrain Vehicle Tire Market By Vehicle Type, By Demand Category, By Tire Size, By Company, By Region, Competition Forecast & Opportunities, 2014 – 2024”, the global all-terrain vehicle tire market is projected to reach $ 646 million by 2024. Growth in the market for ATV tires can be attributed to increasing trend of off-roading activities such as recreational and leisure activities and rising usage of ATV in agriculture sector for transportation of light goods in Europe and North America. Increasing demand from defence sector is also expected to boost the sales of all-terrain vehicle tires during forecast period.

Browse 180 market data Figures spread through 110 Pages and an in-depth TOC on “Global ATV Tire Market”

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In terms of vehicle type, utility all-terrain vehicle tire segment accounted for the largest share in the global all-terrain vehicle tire market in 2018, backed by their versatile usage, high load carrying capacity, easy maintenance and economical pricing as compared to other ATVs. Over the coming years, major global all-terrain vehicle manufacturers are anticipated to come up with a wide range of advanced and specifically designed all-terrain vehicle tires to meet varying customer requirements. North America dominates the global all-terrain vehicle tire market, owing to increasing number of ATV sports and racing tournaments, rapid usage in agriculture, especially in poultry farming, and growing off-roading activities in the region. United States dominates the North America ATV tire market with market share of over 75% in 2018. Moreover, increase in the number of all-terrain vehicles in material transport, hunting as well as in forest and desert safari, etc., is expected to further fuel up the demand for all-terrain vehicle tires in North America.

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“Expanding global ATV fleet, growing use of ATVs in several applications such as sports, entertainment and agriculture coupled with a rising number of international tire players foraying into ATV tire market is anticipated to positively influence the global ATV tire market. Moreover, increasing focus of manufacturers to develop eco-friendly and advanced ATV tires is expected to act as a catalyst for the industry growth in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global All-Terrain Vehicle Tire Market By Product Type, By Engine Displacement, By Application Type, By Region, Competition Forecast & Opportunities, 2014 – 2024” has evaluated the future growth potential of all-terrain vehicles market, globally, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by the industry.

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