Global Off-highway Tire Market 2018-2022 - Rising Demand for ATVs / Declining Profit Margins / Development of Green Tires - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Global Off-highway Tire Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global off-highway tire market to grow at a CAGR of 5.07% during the period 2018-2022.
Global Off-highway Tire Market 2018-2022 has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is rising demand for ATVs. ATVs are basically a quadricycle or quad bike that has a low seat for straddling the operator. They travel on low-pressure tires and have handlebars for steering control. These vehicles are equipped with off-highway tires that are specifically designed to be ridden over multiple terrains, which are inaccessible by other vehicles.
One trend in the market is development of green tires. The global automotive industry is a significant producer of greenhouses gases. The increased use of petroleum-based fuels is causing this industry to release significant amounts of poisonous gases into the environment.
Further, the report states that one challenge in the market is declining profit margins. The fragmented nature of the automotive tire market is expected to decline the profit margins of dealers during the forecast period. Shortage of natural rubber and the high cost of synthetic petroleum-derived rubber are adversely affecting the prices of off-highway tires.
Key vendors:Michelin Bridgestone Corporation The Goodyear Tire & Rubber Company Toyo Tire & Rubber Co Ltd Continental JK Tyre & Industries Ltd
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCTComparison by product Pneumatic tires Non-pneumatic tires Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPEGeographical segmentation Regional comparison Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGESMarket drivers Market challenges
PART 12: MARKET TRENDSDevelopment of green tires Increasing implementation of tire-pressure monitoring system Development of electric off-highway vehicles
PART 13: VENDOR LANDSCAPELandscape disruption
PART 14: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/lb3kp3/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005915/en/
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Related Topics:Automotive Tires
INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/02/2018 01:24 PM/DISC: 10/02/2018 01:24 PM