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ATV UTV Tire Market Size, Share & Industry Analysis By Type (Racing Tires, Sand Tires, Mud Tires, All Terrain Tires), By Industry Vehicle (Agriculture, Military, Mountaineering, Other), By Application (All-terrain Vehicles (ATV), Utility terrain vehicles (UTV)) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105587 | Status : Ongoing

 

KEY MARKET INSIGHTS

ATV UTV tire market these tires are designed to operate effectively and efficiently in special conditions such as mountaineering and military operations. ATV-UTV tires are fitted across the rim of a wheel to transfer a load of a vehicle from the axle to the ground. They are made of high-performance rubber that consists of tread, joint-less cap piles, beads, and other materials, such as synthetic rubber, carbon black, and fabric, responsible for the effective working of vehicles. The major function of tires is to protect the wheel rim and offer tractive force between the road surface and vehicle. Moreover, it is manufactured from rubber, the increasing trend toward adventurous sporting across the globe, demand for better, efficient, and long-lasting tires have increased, which supplements the growth of the ATV-UTV tire market worldwide.   


ATVs are single-seat, open-air vehicles that can operate on snow, forests, mountains, and other difficult terrains. UTVs, on the other hand, has multiple seating capacities and can safely carry multiple riders. Because it has side-by-side seating for passengers, the UTV is sometimes known as a side-by-side vehicle. These vehicles have deep-threaded tires. They can be driven on muddy, rocky, and other tough terrains.


Due to the COVID-19, manufacturing processes by the companies in the ATV_UTV tire market have come to a halt. In addition, due to restrictions on travel and tourism, the market has witnessed a decrease in demand.


Key Market Driver -

• Lower maintenance cost of e-ATVs • UTV is going to be bigger, heaving and wider. • Increase UTV ATV tire size without modifications

Key Market Restraint -

• Range concerns of ATV UTV


Market Segmentation:


The market is segmented into the type of ATV UTV Tire market by type, by application, by vehicle type, and by region.


By type is segmented into all-terrain tire, mud tires, racing tires, and sand tires.


All-terrain tires are designed to perform in most terrains. All-terrain tires are typically aggressive but not as aggressive as mud tires. They vary in tread patterns, but the tread depth is usually always moderately deep. These tires are great for riders that like to explore without having to switch out tires. Some examples of tires suitable for various terrains are Pro Terrain,350 Super Mag, and TM-440.


Mud Tires are designed for muddy, wet, and sloppy terrain. Mud tires are typically designed to be directional to provide efficient self-cleaning. Some of the mud tires examples are Tomahawk and Big Foot.


Racing Tires are different because they are specifically designed for grip and steering response. Their tread patterns are typically designed with sharp edges, which aids in grip and delivers more constant contact on harder terrains and trails. Some of the racing tires examples are Wizzard, Hp-009, and Trail Warrior.


Sand Tires are designed to help a truck or SUV move across the top of sandy terrain. Sand Tires are sized the same as ATV / UTV. Some sand tire manufacturers only give the tire height and rim diameter.


By application is segmented into ATV and UTV. ATV stands for all-terrain vehicle, which is a motorised off-highway vehicle with four low-pressure or non-pneumatic tires, a straddled seat, and steering handlebars. As per the manufacturer, ATVs are divided into two categories. Manufacturers design Type I ATVs for single-person operation with no passengers. The manufacturer designed Type II ATVs for an operator and a passenger, with a defined seating place behind the operator.


UTV segment was built and used more for work than recreation. They are large, powerful, have a lot of storage, and seat passengers side by side. They're frequently used to carry equipment and supplies in locations where a truck will be impractical or impossible. UTV vehicles powered by IC engines or electric motors are capable of commuting through rough terrains. UTVs are driven with the help of steers and can accommodate two or more people and additional loads.  Furthermore, UTVs can tow small to medium-sized loads. Hence UTVs are gaining popularity in arious end applications, such as farming, mining, and search and rescue.


By Industry Vehicle is segmented into Agriculture, Military, Mountaineering, and others.


The agriculture segment is commonly used to inspect crops and livestock, fertilize and apply chemicals, and inspect and repair irrigation systems and fence lines.


The military has seen how versatile UTVs are, and they are putting them to use. From highly mobile CV-22 transportable to base vehicles used to carry and tow large loads, UTVs are filling a vital role.


The mountaineering segment accounted for the largest market share of 59.2% in 2017 and would dominate the market through 2025. The growing trend of adventure sports & recreational activities and tourist attraction towards ATV and UTV trails for mountaineering makes it the largest segment in the end-user vertical.


Key Players: 


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


Regional Analysis:


The ATV-UTV Tires market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. North America, Europe is expected to account for an outstanding share, in terms of price and extent, of the ATV-UTV Tires market throughout the forecast length. The ATV-UTV Tires market within the Asia Pacific is projected to extend throughout the forecast period. Evolving needs that include Asian countries are expected to play a significant role in producing the surrounding area.


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 Segmentation


























  ATTRIBUTE


  DETAILS

 By Type




  • Racing Tires

  • Sand Tires

  • Mud Tires

  • All Terrain Tires



By Industry Vehicle




  • Agriculture

  • Military

  • Mountaineering

  • Other



By Application




  • All-terrain Vehicles (ATV)

  • Utility terrain vehicles (UTV)



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



  • Ongoing
  • 2021
  • 2018-2020

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