Market Overview:
The global UTV tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for UTVs across different applications, such as agriculture, mining, and defense & security. In addition, the growing demand for replacement tires is also contributing to the growth of this market. The global UTV tire market can be segmented on the basis of type into pneumatic tires, solid tires, and polyurethane tires. Pneumatic tires are expected to dominate this market during the forecast period owing to their superior performance characteristics as compared with other types of tires. On the basis of application, OEM accounted for majority share in 2017 and is projected to grow at a CAGR of 5% during 2018-2030 due rising demand from original equipment manufacturers (OEMs).
Product Definition:
UTV Tire are specially designed for Utility Terrain Vehicles (UTVs). They provide better traction and handling on rough terrain, making them ideal for off-road use.
Pneumatic:
UTV tire is a type of off-road vehicle that is designed to travel on four wheels with a relatively low, wide body and large tires. The pneumatic tire was primarily developed for use in UTVs as it provides better traction than the traditional solid rubber tires. The pneumatic tire also allows for easier maneuvering due to the flexibility of its design.
Solid:
Solid is a type of tire that has been around for ages. It was first used in the 15th century in Europe and it has been used ever since then. Solid tires are made up of different materials such as rubber, cloth, and wire among others. The materials are mixed together to get the right balance between flexibility, strength, temperature resistance and durability among other attributes.
Application Insights:
OEMs held the largest share of over 70.0% in 2017 in terms of revenue as well as volume. The dominance is attributed to the extensive use of UTV tires by various OEMs for their off-roaders and on-roaders, especially for hunting and farming applications across various regions globally. Furthermore, growing popularity among motorcyclists for sports bikes with a sidecar is expected to drive demand from OEMs over the forecast period.
The aftermarket segment is projected to expand at a CAGR exceeding 6% from 2018 to 2030 owing to increased sales due largely without doubt, replacement sales coupled with additional purchases mainly pertaining more popular models such as Baja/ Desert/ Off Road (DOR) tires which are widely used across several end-use industries including agriculture & forestry, construction and mining among others globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to the presence of numerous unorganized tire manufacturers in countries such as India, China, and Thailand. Furthermore, increasing automotive production in these regions coupled with rising disposable income will drive the product demand further.
North America was valued at USD X billion in 2017 and is projected to witness significant growth over the forecast period on account of high consumer preference for safety tires coupled with stringent government regulations regarding fuel economy ratio associated with each tire variant used on roadsides or highwaysides for commercial purposes such as buses or trucks etc., which are enforced by organizations like UTVRC (United States Roadway Commercial) association and FHWA (Federal Highway Administration). These factors are also expected to boost sales volume pertaining ancillary products including spare parts required for maintenance activities associated vehicle operation & repair services industry over next eight years.
Growth Factors:
- Increasing demand for UTV tires from the agricultural sector due to the increasing adoption of UTVs for farm purposes.
- Growing demand for UTV tires from the mining and construction sectors due to the increasing use of UTVs in these sectors.
- Rising popularity of recreational activities such as off-roading and hunting, which is driving demand for UTV tires.
- Technological advancements in tire manufacturing that are resulting in the development of better performing and longer lasting tires specifically designed for use on UTVs.
Scope Of The Report
Report Attributes
Report Details
Report Title
UTV Tire Market Research Report
By Type
Pneumatic, Solid, Polyurethane
By Application
OEM, Aftermarket
By Companies
Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global UTV Tire Market Report Segments:
The global UTV Tire market is segmented on the basis of:
Types
Pneumatic, Solid, Polyurethane
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Camso
- Titan
- Continental
- Trelleborg
- Michelin
- Aichi
- Mitas
- Advance
- Hankook
Highlights of The UTV Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pneumatic
- Solid
- Polyurethane
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the UTV Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
UTV Tire is a brand of off-road tires.
Some of the major players in the utv tire market are Camso, Titan, Continental, Trelleborg, Michelin, Aichi, Mitas, Advance, Hankook.
The utv tire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UTV Tire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 UTV Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 UTV Tire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the UTV Tire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global UTV Tire Market Size & Forecast, 2018-2028
4.5.1 UTV Tire Market Size and Y-o-Y Growth
4.5.2 UTV Tire Market Absolute $ Opportunity
Chapter 5 Global UTV Tire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 UTV Tire Market Size Forecast by Type
5.2.1 Pneumatic
5.2.2 Solid
5.2.3 Polyurethane
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global UTV Tire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 UTV Tire Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UTV Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 UTV Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America UTV Tire Analysis and Forecast
9.1 Introduction
9.2 North America UTV Tire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America UTV Tire Market Size Forecast by Type
9.6.1 Pneumatic
9.6.2 Solid
9.6.3 Polyurethane
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America UTV Tire Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe UTV Tire Analysis and Forecast
10.1 Introduction
10.2 Europe UTV Tire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe UTV Tire Market Size Forecast by Type
10.6.1 Pneumatic
10.6.2 Solid
10.6.3 Polyurethane
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe UTV Tire Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific UTV Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific UTV Tire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific UTV Tire Market Size Forecast by Type
11.6.1 Pneumatic
11.6.2 Solid
11.6.3 Polyurethane
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific UTV Tire Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America UTV Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America UTV Tire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America UTV Tire Market Size Forecast by Type
12.6.1 Pneumatic
12.6.2 Solid
12.6.3 Polyurethane
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America UTV Tire Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) UTV Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) UTV Tire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) UTV Tire Market Size Forecast by Type
13.6.1 Pneumatic
13.6.2 Solid
13.6.3 Polyurethane
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) UTV Tire Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 UTV Tire Market: Competitive Dashboard
14.2 Global UTV Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Camso
14.3.2 Titan
14.3.3 Continental
14.3.4 Trelleborg
14.3.5 Michelin
14.3.6 Aichi
14.3.7 Mitas
14.3.8 Advance
14.3.9 Hankook
