Off-road Tires Market Trends, Analysis & Forecast,2027

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Off-road Tires Market Future Trend and Growth
Opportunities by 2027
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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 US700
  billion by the end of 2027

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• Considering the type of vehicle, the SUV segment
  is projected to hold a notable share of the
  off-road tires market through 2027. SUVs 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.
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• 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.

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Browse complete Table of Contents (ToC) of this
research report _at_ 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
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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

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Region

• Europe off-road tires market share could be worth
  US125 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 worlds 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.

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Key Players

• Bridgestone Corporation
• Yokohama Tire Corp.
• JK Tyre Industries Ltd.
• Nokian Heavy Tyres Ltd.
• Nortec

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