Selbyville, Delaware, Sept. 30, 2019 (GLOBE NEWSWIRE) --
Europe off-the-road tire market is likely to exceed USD 15 billion by 2025. Consumer inclination towards adventure activities including forest and camping adventures. Wide presence of adventure trails and racing events will significantly propel the adoption of advanced off-road vehicles, further escalating the product demand.
Above 45 inches will register significant growth in the off-the-road tire market with rising preference of large diameter tires in vehicles including OTR equipment, tractors and combine harvesters for agricultural activities. Industry participants involved in new product launches for increasing their revenue generation will drive the product demand.
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Synthetic rubber shall foresee above average industry growth over 7.5% by 2025. Considerable growth in off-the-road tire (OTR) market share owing to superior resistance provided against heat and abrasion during vehicle operations. It exhibits longer product life of vehicle tires owing to lesser wear and tear. Properties including flexibility in variable temperature and strong hold against grease and oil are supporting the segment penetration over the forecast timeframe. Moreover, superior flame-resistivity of the tires promotes their suitability for extreme motor sports and off-roading activities, augmenting the product penetration.
Original equipment segment will account for a considerable growth in off-the-road tire market share owing to reliable performance and extended service life. Industry participants are primarily engaged in long term agreements with off-road vehicle manufacturers to strengthen their industry foothold. Surging off-road vehicles product is prominently contributing towards increasing the segment share over the study timeframe.
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Dirt Bikes & Quad will showcase substantial growth in the OTR tire market owing to rising recreational activities and dirt bike events across the globe. Availability of several recreational parks and tracks for ATV riding in the North America is escalating the product demand. Tire manufacturers are investing to expand the service portfolio.
Key off-the-road tire (OTR) market participants are Michelin, Continental AG, JK Tyre & Industries Ltd., and Sumitomo Rubber Industries, Ltd. The increasing demand for off-the-road tires provides potential opportunities for the expansion of production facilities for serving a large consumer base.
Browse key industry insights spread across 451 pages with 615 market data tables & 16 figures & charts from the report, “Off-the-road Tire Market By Material (Synthetic Rubber, Natural Rubber, Fabrics & Wire, Carbon Black), Tire Height (Below 31 Inches, 31-40 Inches, 41-45 Inches, Above 45 Inches), Vehicle (4WD HDT, SUV, UTV, Dirt Bikes & Quad, OTR), Distribution Channel (Original Equipment, Secondary/Replacement, Distributor/Dealer Equipped), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/off-road-tires-market
Table of Contents (ToC) of the report:
Chapter 3 Off-the-road Tire Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2025
3.3 Industry ecosystem analysis
3.4 Innovation & sustainability
3.5 Industry impact forces
3.6 Regulatory Landscape
3.7 Growth potential analysis, 2018
3.8 Price trends
3.9 Competitive landscape, 2018
3.10 Porter’s analysis
3.11 PESTLE analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/off-road-tires-market
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Read more at: https://www.gminsights.com/industry-analysis/airless-tires-market
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