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Off Road Tires-Global Market Insights and Sales Trends 2024
Synopsis
The global Off Road Tires market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Off Road Tires in various end use industries. The expanding demands from the Truck, SUV, ATVs and Motorcycles, are propelling Off Road Tires market. Mud Tires, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the All Terrain Tires segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Off Road Tires, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Off Road Tires market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Off Road Tires market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Off Road Tires sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Off Road Tires covered in this report include Bridgestone, Goodyear, Michelin, Continental AG, Pirelli, Hankook, Sumitomo, Yokohama and Maxxis, etc.
The global Off Road Tires market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bridgestone
Goodyear
Michelin
Continental AG
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Toyo Tire
Cooper Tire
Kumho Tire
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres
Global Off Road Tires market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Off Road Tires market, Segment by Type:
Mud Tires
All Terrain Tires
Others
Global Off Road Tires market, by Application
Truck
SUV
ATVs
Motorcycles
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Off Road Tires manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Off Road Tires in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Off Road Tires market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Off Road Tires in various end use industries. The expanding demands from the Truck, SUV, ATVs and Motorcycles, are propelling Off Road Tires market. Mud Tires, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the All Terrain Tires segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Off Road Tires, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Off Road Tires market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Off Road Tires market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Off Road Tires sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Off Road Tires covered in this report include Bridgestone, Goodyear, Michelin, Continental AG, Pirelli, Hankook, Sumitomo, Yokohama and Maxxis, etc.
The global Off Road Tires market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bridgestone
Goodyear
Michelin
Continental AG
Pirelli
Hankook
Sumitomo
Yokohama
Maxxis
Zhongce
GITI Tire
Toyo Tire
Cooper Tire
Kumho Tire
Triangle Group
Nexen Tire
Hengfeng Rubber
Nokian Tyres
Global Off Road Tires market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Off Road Tires market, Segment by Type:
Mud Tires
All Terrain Tires
Others
Global Off Road Tires market, by Application
Truck
SUV
ATVs
Motorcycles
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Off Road Tires manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Off Road Tires in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Off Road Tires Market Overview
1.1 Off Road Tires Product Overview
1.2 Off Road Tires Market Segment by Type
1.2.1 Mud Tires
1.2.2 All Terrain Tires
1.2.3 Others
1.3 Global Off Road Tires Market Size by Type
1.3.1 Global Off Road Tires Market Size Overview by Type (2018-2029)
1.3.2 Global Off Road Tires Historic Market Size Review by Type (2018-2023)
1.3.3 Global Off Road Tires Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Off Road Tires Sales Breakdown by Type (2018-2023)
1.4.2 Europe Off Road Tires Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Off Road Tires Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Off Road Tires Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Off Road Tires Sales Breakdown by Type (2018-2023)
2 Global Off Road Tires Market Competition by Company
2.1 Global Top Players by Off Road Tires Sales (2018-2023)
2.2 Global Top Players by Off Road Tires Revenue (2018-2023)
2.3 Global Top Players by Off Road Tires Price (2018-2023)
2.4 Global Top Manufacturers Off Road Tires Manufacturing Base Distribution, Sales Area, Product Type
2.5 Off Road Tires Market Competitive Situation and Trends
2.5.1 Off Road Tires Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Off Road Tires Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Off Road Tires as of 2022)
2.7 Date of Key Manufacturers Enter into Off Road Tires Market
2.8 Key Manufacturers Off Road Tires Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Off Road Tires Status and Outlook by Region
3.1 Global Off Road Tires Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Off Road Tires Historic Market Size by Region
3.2.1 Global Off Road Tires Sales in Volume by Region (2018-2023)
3.2.2 Global Off Road Tires Sales in Value by Region (2018-2023)
3.2.3 Global Off Road Tires Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Off Road Tires Forecasted Market Size by Region
3.3.1 Global Off Road Tires Sales in Volume by Region (2024-2029)
3.3.2 Global Off Road Tires Sales in Value by Region (2024-2029)
3.3.3 Global Off Road Tires Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Off Road Tires by Application
4.1 Off Road Tires Market Segment by Application
4.1.1 Truck
4.1.2 SUV
4.1.3 ATVs
4.1.4 Motorcycles
4.1.5 Others
4.2 Global Off Road Tires Market Size by Application
4.2.1 Global Off Road Tires Market Size Overview by Application (2018-2029)
4.2.2 Global Off Road Tires Historic Market Size Review by Application (2018-2023)
4.2.3 Global Off Road Tires Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Off Road Tires Sales Breakdown by Application (2018-2023)
4.3.2 Europe Off Road Tires Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Off Road Tires Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Off Road Tires Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Off Road Tires Sales Breakdown by Application (2018-2023)
5 North America Off Road Tires by Country
5.1 North America Off Road Tires Historic Market Size by Country
5.1.1 North America Off Road Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Off Road Tires Sales in Volume by Country (2018-2023)
5.1.3 North America Off Road Tires Sales in Value by Country (2018-2023)
5.2 North America Off Road Tires Forecasted Market Size by Country
5.2.1 North America Off Road Tires Sales in Volume by Country (2024-2029)
5.2.2 North America Off Road Tires Sales in Value by Country (2024-2029)
6 Europe Off Road Tires by Country
6.1 Europe Off Road Tires Historic Market Size by Country
6.1.1 Europe Off Road Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Off Road Tires Sales in Volume by Country (2018-2023)
6.1.3 Europe Off Road Tires Sales in Value by Country (2018-2023)
6.2 Europe Off Road Tires Forecasted Market Size by Country
6.2.1 Europe Off Road Tires Sales in Volume by Country (2024-2029)
6.2.2 Europe Off Road Tires Sales in Value by Country (2024-2029)
7 Asia-Pacific Off Road Tires by Region
7.1 Asia-Pacific Off Road Tires Historic Market Size by Region
7.1.1 Asia-Pacific Off Road Tires Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Off Road Tires Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Off Road Tires Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Off Road Tires Forecasted Market Size by Region
7.2.1 Asia-Pacific Off Road Tires Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Off Road Tires Sales in Value by Region (2024-2029)
8 Latin America Off Road Tires by Country
8.1 Latin America Off Road Tires Historic Market Size by Country
8.1.1 Latin America Off Road Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Off Road Tires Sales in Volume by Country (2018-2023)
8.1.3 Latin America Off Road Tires Sales in Value by Country (2018-2023)
8.2 Latin America Off Road Tires Forecasted Market Size by Country
8.2.1 Latin America Off Road Tires Sales in Volume by Country (2024-2029)
8.2.2 Latin America Off Road Tires Sales in Value by Country (2024-2029)
9 Middle East and Africa Off Road Tires by Country
9.1 Middle East and Africa Off Road Tires Historic Market Size by Country
9.1.1 Middle East and Africa Off Road Tires Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Off Road Tires Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Off Road Tires Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Off Road Tires Forecasted Market Size by Country
9.2.1 Middle East and Africa Off Road Tires Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Off Road Tires Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bridgestone
10.1.1 Bridgestone Company Information
10.1.2 Bridgestone Introduction and Business Overview
10.1.3 Bridgestone Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bridgestone Off Road Tires Products Offered
10.1.5 Bridgestone Recent Development
10.2 Goodyear
10.2.1 Goodyear Company Information
10.2.2 Goodyear Introduction and Business Overview
10.2.3 Goodyear Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Goodyear Off Road Tires Products Offered
10.2.5 Goodyear Recent Development
10.3 Michelin
10.3.1 Michelin Company Information
10.3.2 Michelin Introduction and Business Overview
10.3.3 Michelin Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Michelin Off Road Tires Products Offered
10.3.5 Michelin Recent Development
10.4 Continental AG
10.4.1 Continental AG Company Information
10.4.2 Continental AG Introduction and Business Overview
10.4.3 Continental AG Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Continental AG Off Road Tires Products Offered
10.4.5 Continental AG Recent Development
10.5 Pirelli
10.5.1 Pirelli Company Information
10.5.2 Pirelli Introduction and Business Overview
10.5.3 Pirelli Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Pirelli Off Road Tires Products Offered
10.5.5 Pirelli Recent Development
10.6 Hankook
10.6.1 Hankook Company Information
10.6.2 Hankook Introduction and Business Overview
10.6.3 Hankook Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hankook Off Road Tires Products Offered
10.6.5 Hankook Recent Development
10.7 Sumitomo
10.7.1 Sumitomo Company Information
10.7.2 Sumitomo Introduction and Business Overview
10.7.3 Sumitomo Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sumitomo Off Road Tires Products Offered
10.7.5 Sumitomo Recent Development
10.8 Yokohama
10.8.1 Yokohama Company Information
10.8.2 Yokohama Introduction and Business Overview
10.8.3 Yokohama Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Yokohama Off Road Tires Products Offered
10.8.5 Yokohama Recent Development
10.9 Maxxis
10.9.1 Maxxis Company Information
10.9.2 Maxxis Introduction and Business Overview
10.9.3 Maxxis Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Maxxis Off Road Tires Products Offered
10.9.5 Maxxis Recent Development
10.10 Zhongce
10.10.1 Zhongce Company Information
10.10.2 Zhongce Introduction and Business Overview
10.10.3 Zhongce Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zhongce Off Road Tires Products Offered
10.10.5 Zhongce Recent Development
10.11 GITI Tire
10.11.1 GITI Tire Company Information
10.11.2 GITI Tire Introduction and Business Overview
10.11.3 GITI Tire Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.11.4 GITI Tire Off Road Tires Products Offered
10.11.5 GITI Tire Recent Development
10.12 Toyo Tire
10.12.1 Toyo Tire Company Information
10.12.2 Toyo Tire Introduction and Business Overview
10.12.3 Toyo Tire Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Toyo Tire Off Road Tires Products Offered
10.12.5 Toyo Tire Recent Development
10.13 Cooper Tire
10.13.1 Cooper Tire Company Information
10.13.2 Cooper Tire Introduction and Business Overview
10.13.3 Cooper Tire Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Cooper Tire Off Road Tires Products Offered
10.13.5 Cooper Tire Recent Development
10.14 Kumho Tire
10.14.1 Kumho Tire Company Information
10.14.2 Kumho Tire Introduction and Business Overview
10.14.3 Kumho Tire Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Kumho Tire Off Road Tires Products Offered
10.14.5 Kumho Tire Recent Development
10.15 Triangle Group
10.15.1 Triangle Group Company Information
10.15.2 Triangle Group Introduction and Business Overview
10.15.3 Triangle Group Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Triangle Group Off Road Tires Products Offered
10.15.5 Triangle Group Recent Development
10.16 Nexen Tire
10.16.1 Nexen Tire Company Information
10.16.2 Nexen Tire Introduction and Business Overview
10.16.3 Nexen Tire Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Nexen Tire Off Road Tires Products Offered
10.16.5 Nexen Tire Recent Development
10.17 Hengfeng Rubber
10.17.1 Hengfeng Rubber Company Information
10.17.2 Hengfeng Rubber Introduction and Business Overview
10.17.3 Hengfeng Rubber Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Hengfeng Rubber Off Road Tires Products Offered
10.17.5 Hengfeng Rubber Recent Development
10.18 Nokian Tyres
10.18.1 Nokian Tyres Company Information
10.18.2 Nokian Tyres Introduction and Business Overview
10.18.3 Nokian Tyres Off Road Tires Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Nokian Tyres Off Road Tires Products Offered
10.18.5 Nokian Tyres Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Off Road Tires Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Off Road Tires Industrial Chain Analysis
11.4 Off Road Tires Market Dynamics
11.4.1 Off Road Tires Industry Trends
11.4.2 Off Road Tires Market Drivers
11.4.3 Off Road Tires Market Challenges
11.4.4 Off Road Tires Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Off Road Tires Distributors
12.3 Off Road Tires Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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