ATV-UTV Tire Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186810
  • Format: Electronic (PDF)
  • Number of Pages: 190
  • Author(s): Joshi, Madhavi

Report Overview

The ATV-UTV Tire Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024-2030).

ATV-UTV Tire Market

(Market Size)
$1.2 billion
$2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.50%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2 billion
Key Players Maxxis, CST, ITP, Carlisle, Kenda

Market Summary

The ATV-UTV tire market is an integral segment within the broader automotive and transportation industry, catering to the specialized needs of all-terrain and utility task vehicles. These tires are engineered to perform under diverse and challenging conditions, including mud, sand, rocks, and snow, which distinguishes them from conventional automotive tires. The market is characterized by continuous innovation in tire design and material technology, aimed at enhancing durability, traction, and overall vehicle performance. Key manufacturers focus on developing products that meet the rigorous demands of both recreational enthusiasts and professional users in sectors such as agriculture, construction, and defense. The increasing popularity of off-road recreational activities and the expansion of industrial applications utilizing UTVs are significant factors sustaining market demand. Additionally, the aftermarket segment represents a substantial portion of sales, as vehicle owners seek replacement tires for wear and tear or to upgrade for specific terrains or improved performance. The competitive landscape is defined by the presence of established global tire brands and specialized off-road tire companies, all vying for market share through product development and strategic marketing. Environmental considerations and regulations concerning material usage and disposal are also beginning to influence manufacturing processes and product development strategies within this niche market.

Key Highlights

The ATV-UTV tire market is distinguished by several key factors that underscore its dynamic nature. A primary highlight is the intense focus on research and development, leading to advanced tire technologies such as radial construction, which offers superior sidewall flexibility and a larger contact patch for improved traction and a smoother ride compared to bias-ply tires. Another significant aspect is the market's segmentation by tire type, including all-terrain, mud-terrain, sand, and turf-specific tires, each designed for optimal performance in distinct environments. Prominent industry players, including Michelin, Bridgestone, Carlisle, and Maxxis, are consistently launching innovative products to capture consumer interest. The distribution network is another critical element, with sales channels encompassing original equipment manufacturers, authorized dealerships, specialty off-road shops, and a robust online e-commerce presence, making these specialized products accessible to a global customer base. The market is also responsive to evolving consumer preferences, with a growing demand for tires that offer a balance between aggressive off-road capability and on-road civility for vehicles that are used for multiple purposes. Furthermore, the integration of durable compounds and reinforced sidewalls to resist punctures and abrasions is a standard industry practice, highlighting the commitment to product reliability and longevity.

Drivers, Opportunities & Restraints

The growth trajectory of the ATV-UTV tire market is propelled by a combination of powerful drivers. The rising participation in outdoor recreational activities like trail riding, hunting, and racing significantly boosts demand for high-performance tires. Concurrently, the expanding use of UTVs in various industrial and commercial sectors, including agriculture, forestry, and law enforcement, for transportation and utility tasks creates a consistent replacement and OEM market. Economic growth in emerging markets is increasing disposable income, allowing more consumers to engage in recreational off-roading and invest in capable vehicles and their components. Opportunities within the market are abundant, particularly in the development of eco-friendly and sustainable tire solutions using recycled materials or more environmentally benign manufacturing processes. The burgeoning electric UTV segment also presents a new frontier for tire development, requiring products that meet the unique torque and weight characteristics of electric powertrains. However, the market faces notable restraints. Fluctuations in the prices of raw materials, such as natural and synthetic rubber, can impact manufacturing costs and profit margins. Stringent government regulations concerning vehicle emissions and noise pollution can also indirectly affect the market by influencing vehicle design and usage patterns. Furthermore, the high cost of premium, specialized tires can be a barrier to adoption for some consumer segments, potentially limiting market penetration in price-sensitive regions.

Concentration Insights

The competitive concentration in the ATV-UTV tire market reveals a landscape with a mix of large, diversified multinational corporations and smaller, niche-focused specialists. A handful of major global tire giants, such as Michelin, Bridgestone, and Goodyear, hold significant market share due to their extensive research and development capabilities, robust global distribution networks, and strong brand recognition. These companies often supply tires to OEMs and have a commanding presence in the aftermarket. Alongside them, specialized players like Maxxis International, Carlisle Tire & Wheel, and ITP Tires have carved out substantial niches by focusing exclusively on the off-road and powersports segments. Their success is built on deep domain expertise, a reputation for quality and innovation in specific tire categories like mud or racing, and strong relationships with aftermarket distributors and enthusiasts. This structure creates a moderately concentrated market where large players compete on brand and scale, while specialists compete on product performance and brand authenticity. The market also features a long tail of smaller regional manufacturers and private-label brands that cater to local demands or compete primarily on price, adding another layer of competition, particularly in emerging economies.

Type Insights

The ATV-UTV tire market is broadly categorized by tire construction type, primarily into bias-ply and radial tires. Bias-ply tires, constructed with layers of rubber-coated nylon cords laid at alternating angles, have been the traditional standard for off-road vehicles. They are valued for their robust sidewalls, which provide excellent resistance to punctures and abrasions from rocks and debris, and their generally lower cost compared to radial options. However, they tend to have a stiffer ride and can generate more heat at high speeds, which may lead to faster wear. In contrast, radial tires are constructed with steel or polyester cords running radially from bead to bead, topped by stabilizer belts. This construction allows for more flexible sidewalls and a larger footprint, resulting in significantly improved traction, a smoother ride, better fuel efficiency, and reduced heat buildup, which enhances durability at sustained higher speeds. While radial tires typically command a higher price point, their performance benefits have led to growing adoption, especially in high-performance recreational and utility applications where comfort and handling are priorities. The choice between bias and radial often depends on the primary use case, terrain, and budget of the consumer.

Application Insights

Application insights for the ATV-UTV tire market are segmented into utility and recreational uses, each with distinct demands driving product specifications. The utility segment is a major consumer, employing UTVs across a wide spectrum of industries such as agriculture, where they are used for tasks like crop inspection and hauling; construction, for transporting personnel and materials around job sites; and by government agencies for patrolling and emergency response. Tires for these applications prioritize durability, puncture resistance, load-bearing capacity, and all-terrain capability to ensure reliability in demanding work environments. Often, these tires feature deeper treads and stronger sidewalls. The recreational segment encompasses activities like trail riding, dune bashing, rock crawling, and racing. Here, performance attributes such as maximum traction in specific terrains (e.g., mud, sand, hardpack), lightweight construction for improved acceleration and handling, and aggressive tread patterns for aesthetic appeal are paramount. Within recreation, there is a further subdivision between casual riders who may prefer versatile all-terrain tires and serious enthusiasts or racers who opt for highly specialized tires optimized for a single type of terrain or competition, demonstrating the market's need for application-specific solutions.

Regional Insights

Regional analysis of the ATV-UTV tire market shows varied dynamics across the globe. North America, particularly the United States and Canada, represents a dominant market due to a deeply ingrained culture of off-road recreation, extensive available land for riding, and a strong presence of major OEMs and tire manufacturers. The region has high consumer awareness and demand for both utility and high-performance recreational tires. Europe holds a significant share as well, with demand driven by agricultural applications, forestry, and recreational use in designated areas, though regulations on vehicle use and noise can be more stringent. The Asia Pacific region is identified as a high-growth market, fueled by increasing economic development, rising disposable incomes, and the growing popularity of powersports in countries like China, Australia, and India. Agricultural modernization in this region also propels the demand for utility vehicles and their components. Latin America and the Middle East & Africa are emerging markets where growth is linked to economic development, expansion of agricultural and industrial activities, and the gradual increase in recreational off-roading, though market maturity varies greatly between countries within these regions.

Company Insights

The ATV-UTV tire market features a competitive arena with several key players shaping the industry's direction. Michelin brings its global automotive expertise to the segment, offering a range of tires known for innovative technology and a focus on a balance between on-road and off-road performance. Bridgestone, another tire industry titan, leverages its advanced material science and manufacturing prowess to produce durable and reliable tires for both OEM and aftermarket channels. Specialized players have a profound impact: Maxxis International is renowned for its extensive portfolio catering to every off-road discipline, from motocross to UTV racing, and is a favorite among enthusiasts. Carlisle Tire & Wheel is a major force, particularly in the North American market, providing a wide array of tires for agricultural, commercial, and industrial UTV applications, emphasizing toughness and value. ITP Tires has built a strong reputation over decades specifically within the off-road community, famous for its iconic mud-terrain and all-terrain designs. Other notable participants include Goodyear, Continental, and a multitude of smaller brands like STI and GBC Motorsports, which compete by offering specialized or value-oriented products, creating a diverse and competitive landscape.

Recent Developments

Recent developments in the ATV-UTV tire market reflect a industry focused on innovation and strategic growth. Leading companies have been actively introducing new product lines featuring advanced tread compounds and designs aimed at improving traction, wear life, and puncture resistance. There is a noticeable trend towards the expansion of radial tire offerings across more vehicle models and price points, as consumer preference for their performance benefits grows. Sustainability has also moved to the forefront, with manufacturers exploring the use of recycled materials and more energy-efficient production methods to reduce environmental impact. Strategic partnerships and acquisitions remain a key tactic for market expansion, allowing companies to broaden their product portfolios and gain access to new distribution networks or regional markets. Furthermore, the rise of electric UTVs has prompted tire engineers to develop new products that address the unique challenges posed by instant torque delivery and different weight distributions. Investments in enhancing digital marketing and e-commerce capabilities have also been a priority, ensuring brands can effectively reach and engage with a global and digitally-savvy consumer base of off-road enthusiasts and professionals.

Report Segmentation

This comprehensive market report on the ATV-UTV tire industry is meticulously segmented to provide a detailed and granular analysis. The segmentation is primarily based on tire type, distinguishing between bias-ply and radial construction to analyze the adoption trends, pricing, and performance characteristics of each. Further segmentation is conducted by application, dividing the market into utility and recreational uses, which allows for an examination of the specific demand drivers, product requirements, and growth prospects in each of these core sectors. The study also includes a detailed regional breakdown, covering key geographical areas including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This regional analysis provides insights into local market dynamics, regulatory environments, competitive landscapes, and growth opportunities. Additionally, the report offers an in-depth company profiling section, which assesses the market share, product portfolios, and strategic initiatives of leading players such as Michelin, Bridgestone, Carlisle, and Maxxis, among others. This multi-faceted segmentation ensures that the report delivers actionable intelligence tailored to the specific interests of stakeholders across the value chain.

FAQs

What are the different types of ATV UTV tires?

ATV and UTV tires are primarily categorized by their intended terrain and construction. Common types include all-terrain tires for versatile use, mud-terrain tires with aggressive treads for deep mud, sand tires designed with paddle-like treads for dunes, and turf tires that minimize grass damage. Construction-wise, they are divided into bias-ply, known for tough sidewalls, and radial, known for a smoother ride and better traction.

How to choose the right ATV UTV tires?

Selecting the right tires depends on the primary application and terrain. Consider the most frequently encountered surfaces: mud, rocks, sand, or hardpack. For utility work, prioritize durability and load capacity. For recreation, match the tire type to your activity, such as mud tires for bogging or sand paddles for dunes. Also, consider vehicle compatibility, including size, load rating, and whether bias-ply or radial construction suits your performance and budget needs.

What is the difference between ATV and UTV tires?

The main difference between ATV and UTV tires lies in their size, load capacity, and intended use. UTVs are typically larger, heavier, and designed to carry passengers and cargo, so their tires are wider, have a larger diameter, and are built with stronger casings and higher load ratings to support the increased weight. ATV tires are generally smaller and designed for a single rider, focusing more on agility and traction for recreational riding.

How long do ATV UTV tires last?

The lifespan of ATV and UTV tires is highly variable and depends on factors such as terrain, riding style, tire construction, and vehicle maintenance. Aggressive use on sharp rocks or at high speeds can lead to quicker wear, while casual trail riding may allow tires to last for several seasons. Proper inflation, routine inspections for damage, and balanced riding can significantly extend the operational life of the tires.

Can you use ATV tires on a UTV?

While it may be physically possible to mount some smaller ATV tires on a UTV if the bolt pattern matches, it is generally not recommended. UTVs are significantly heavier and place greater demands on tires in terms of load capacity, stability, and durability. Using under-specified ATV tires on a UTV can lead to premature failure, poor handling, and safety hazards due to overloading and increased stress on the tire structure.

What are the best brands for ATV UTV tires?

The market features several highly regarded brands, each with its strengths. Major global brands like Michelin and Bridgestone are known for their engineering and quality. Specialized off-road brands such as Maxxis, ITP Tires, and Carlisle are immensely popular for their deep expertise and wide range of terrain-specific options. The best brand often depends on the specific application, terrain, and rider preference, with these companies consistently ranking high in consumer and professional reviews.

Citius Research has developed a research report titled “ATV-UTV Tire Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• ATV-UTV Tire Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The ATV-UTV Tire Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

ATV-UTV Tire Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

ATV-UTV Tire Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of ATV-UTV Tire Market
• Research Methodology
• Executive Summary
• Market Dynamics of ATV-UTV Tire Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of ATV-UTV Tire Market
• Cost and Gross Margin Analysis of ATV-UTV Tire Market
• ATV-UTV Tire Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “ATV-UTV Tire Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

ATV-UTV Tire Market Key Stakeholders

Below are the key stakeholders for the ATV-UTV Tire Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

ATV-UTV Tire Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the ATV-UTV Tire Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the ATV-UTV Tire Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in ATV-UTV Tire Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global ATV-UTV Tire Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global ATV-UTV Tire Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global ATV-UTV Tire Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global ATV-UTV Tire Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global ATV-UTV Tire Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global ATV-UTV Tire Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America ATV-UTV Tire Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America ATV-UTV Tire Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe ATV-UTV Tire Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA ATV-UTV Tire Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific ATV-UTV Tire Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa ATV-UTV Tire Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia ATV-UTV Tire Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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