What is Mud Terrain Tires Market?
Mud terrain tires, also known as mud tires, are premium off-road tires engineered for extreme and challenging off-road conditions. These tires typically comes with thick and deep tread. It provides their maximum grip on loose surfaces. They have an aggressive tread pattern and deep lugs with self-cleaning bars in order to eject mud and other material. These tires are used in motocross and enduro motorcycles, ATVs and mountain bikes.
The market study is being classified by Type (Radial Tires and Bias-ply Tires), by Application (Farm Tractors, Military Vehicles, Utility Vehicles, Heavy Trucks and Others) and major geographies with country level break-up.
Continental AG (Germany), Goodyear Tire and Rubber Company (United States), Sumitomo Rubber Industries, Ltd. (Japan), Bridgestone (Japan), Yokohama Rubber (Japan), Goodrich Corporation (United States), Atturo Tire (United States), Cooper Tire & Rubber Company (United States), Federal Tires (Taiwan) and Shinko Tires (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Toyo Tires (Canada), Falken Tire (Germany) and Pirelli & C. S.p.A (Italy).
Research Analyst at AMA predicts that United States and Japanese Vendors will contribute to the maximum growth of Global Mud Terrain Tires market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Mud Terrain Tires market by Type, Application and Region.
On the basis of geography, the market of Mud Terrain Tires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Number of Off-Road Events
- High Demand from Agricultural Vehicle Industry
Market Trend
- High Demand for Mud Terrain Tires with High Durability
Restraints
- Fluctuations in the Raw Material Prices Such As Rubber
Opportunities
- Growing Demand for Military Vehicles Applications
- Advancements and Improvements in the Mud Terrain Tires
Challenges
- Slowdown of the World Economy
Key Target Audience
Mud Terrain Tires Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user