Off-highway Tire Market
Off-highway Tire Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Off-highway Tire Market Size and Growth
The Off-highway Tire market is experiencing steady growth, driven by increasing demand in mining, construction, and agriculture. The market size is projected to reach approximately USD 9 billion by 2026, with a CAGR of around 5%. Key trends include technological advancements and a shift towards ecofriendly materials in tire production.
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Companies Covered
(Covid 19 Impact Covered)
◍ Michelin
◍ Bridgestone
◍ ATG
◍ Continental
◍ Balkrishna Industries
◍ Goodyear Tire and Rubber
◍ Titan International
◍ Yokohama Rubber
◍ Cooper Tire and Rubber
◍ Toyo Tire
The off-highway tire market features major players like Michelin, Bridgestone, and Goodyear, focusing on innovation and sustainability. Companies invest in R&D to enhance tire performance, cater to diverse applications, and expand market reach through strategic partnerships and acquisitions. Key revenue figures include:
- Michelin: €24 billion
- Bridgestone: $27 billion
- Goodyear: $16 billion
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Market Segmentation
By Application
Off-road Vehicles
Off-road Motorcycles
Mountain Bike
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By Product
ATV Tire
Mud Tire
Snow Tire
Other
Market Growth
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$ X Billion USD
