The global All-Terrain
Vehicle (ATV) Tires Market is expected to gain a significant
CAGR in the forthcoming period. An ATV is an all-terrain vehicle designed for
terrain driving and extreme road conditions. Technically, an ATV possess
certain parts needed for effective performance. Hence, these can be named as
bead, belt, plies, shoulder, sidewall and tread pattern. ATV tires have a
different set of physical characteristics that pertain to its load capacity,
size, weight, speed rating and tread pattern.
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Tires Market at:
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On a commercial level, the growth
for ATV tires market is subject to stimulation by growth in demand for military
vehicles according to specific dimensions coupled with innovation in
engineering. Driving factors responsible for the growth of the market includes
rise in number of adventure sports coupled with demand for ATV equipment and
devices. In addition, ATV tires offer extra advantages over conventional tires
coupled with extra durability and is expected to stimulate the growth of
market. Also, the demand from defence sector especially military, stimulates
the market presence for ATV tires.
Based on segmentation by product,
the ATV tires market includes 8 inches, 12 inches and 16 inches. Segmentation
based on application, the ATV tires Industry includes family leisure and ATV
game. Segmentation based on type, the market includes dirt bikes, commercial
ATVs and Military ATVs.
Geographical segmentation for ATV
tires market includes North America, South America, Europe, Asia-Pacific,
Middle-East and Africa. North America and Europe market is anticipated to grow
at a higher CAGR in the forthcoming period owing to rise in adventure sports
coupled with demand for adventure vehicles and dirt bikes. Europe market is
anticipated to follow the trend. APAC and MEA market is anticipated to grow at
a higher CAGR in the forthcoming period owing to rising military activities.
The key players in ATV tires
market include Bridgestone, Goodyear, Continental, Pirelli, Sumitomo, Yokohama,
Maxxis, Zhongce, Triangle Group, GITI Tire, Cooper Tire, Kumho Tire, Apollo
Tires Ltd, Toyo Tire, and Nexen Tire.
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