All-Terrain Vehicle Tire Market Size (2024 - 2029)

The all-terrain vehicle tire market is anticipated to experience significant growth, driven by increasing demand across various sectors such as recreation, sports, defense, agriculture, and tourism. The rising global income levels are contributing to higher spending on recreational activities, which in turn is boosting the need for ATVs and UTVs. Additionally, the military and defense sectors are increasingly utilizing ATVs for operations in challenging terrains, further influencing the market size.

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Market Size of All-Terrain Vehicle Tire Industry

ATV Tire Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

All-Terrain Vehicle Tire Market Major Players

*Disclaimer: Major Players sorted in no particular order

ATV Tires Market Analysis

The ATV Tire Market is projected to grow with a CAGR of more than 7% during the forecast period.

  • Some of the major factors driving the growth of the ATV tire market are increase in demand of ATVs in various segments like recreation and sports, defense and military, agriculture, mining etc.
  • There is an increase in demand for ATVs\UTVs from the tourism sector. With an increase in global income level people are spending more on recreational and leisure activities. Also, with the number of sporting events growing all over the world, there is an increase in number of ATV tracks as well. For instance, UTV takeover in Coos Bay, US is an event which takes place on Box car Hill Campground just outside the city of Coos Bay. The event has gained a lot of recognition as anyone who knows how to drive ATV/UTV can take part in the event.
  •  Demand for ATVs is seeing an increase in the military and defense sector also. Defense troops around the world are using ATVs for patrolling along international borders which fall under desert areas. For instance, Polaris is supplying ATVs to US Marine and Army tactical Units since 2004, and these vehicles were used in Afghanistan also.
    Indian Army ordered light strike vehicles from Force Motors in May 2018. These vehicles can perform on extreme terrain, with precise maneuverability, high speed and stability along with a 4x4 drive. These vehicles can be used across a temperature range of 50oC to -300C.

ATV Tires Industry Segmentation

The ATV Tire market covers the latest trends and technological development in the all-terrain vehicle market, sales channel type (OEM and aftermarket), tire type (radial or bias) and Geography.

Sales Channel Type
OEMs
Aftermarket
Tire Type
Radial
Bias
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries
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All-Terrain Vehicle Tire Market Size Summary

The All-Terrain Vehicle (ATV) tire market is experiencing significant growth, driven by increasing demand across various sectors such as recreation, sports, defense, agriculture, and mining. The rise in global income levels has led to greater spending on recreational activities, boosting the tourism sector's demand for ATVs and UTVs. Additionally, the proliferation of sporting events worldwide has contributed to the expansion of ATV tracks, further fueling market growth. The military and defense sectors are also seeing a rise in ATV usage, with vehicles being employed for patrolling in challenging terrains. Government initiatives, particularly in the United States, are enhancing demand by allocating funds for new off-road trails and promoting adventure sports, which are attracting more recreational enthusiasts.

The market is characterized by its fragmented nature, with numerous players holding substantial market shares. Prominent companies such as Goodyear Tires, Duro Tires, Maxxis Tires, and BKT Tires are heavily investing in research and development to innovate and introduce advanced products. The United States leads the North American region in market size, followed by Canada and Mexico, with a growing interest in recreational activities expected to drive further market expansion. The presence of various sporting events in North America, along with the increasing ownership of ATVs across different age groups, is anticipated to sustain the market's growth trajectory over the forecast period.

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All-Terrain Vehicle Tire Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Sales Channel Type

      1. 2.1.1 OEMs

      2. 2.1.2 Aftermarket

    2. 2.2 Tire Type

      1. 2.2.1 Radial

      2. 2.2.2 Bias

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Mexico

        3. 2.3.4.3 United Arab Emirates

        4. 2.3.4.4 Other Countries

All-Terrain Vehicle Tire Market Size FAQs

The All-Terrain Vehicle Tire Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Goodyear Tire and Rubber Company, Duro Powersports, Maxxis Tires USA, Carlisle Tires & Wheels and Countrywide Tires & Rubber Company are the major companies operating in the All-Terrain Vehicle Tire Market.

All Terrain Vehicle Tire Market Report Snapshots

All-Terrain Vehicle Tires Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)