Market Size of All-Terrain Vehicle Tire Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
