LONDON–(BUSINESS WIRE)–Technavio has been monitoring the all-terrain vehicle (ATV) tires market and it is poised to decline by USD 7.11 million during 2021-2025, progressing at a CAGR of about -1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at Par impact on the all-terrain vehicle (ATV) tires market. The market growth in 2021 is likely to decrease compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by the application, which is the leading segment in the market?
The utility ATV is the leading segment in the market.
What are the major trends in the market?
Growing demand for ATV tires in APAC is the major trend in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of about -1%.
Who are the top players in the market?
Countrywide Tire and Rubber Inc., Greenball Corp., High Lifter Products Inc., Kenda Tires, Cheng Shin Rubber Ind. Co. Ltd., Polaris Inc., STI Powersports, The Carlstar Group LLC, Titan International Inc., Toyo Tire Corp. are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the ATV tires are expensive with no substitutes. However, the slowdown in the automobile manufacturing process will impede growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Countrywide Tire and Rubber Inc., Greenball Corp., High Lifter Products Inc., Kenda Tires, Cheng Shin Rubber Ind. Co. Ltd., Polaris Inc., STI Powersports, The Carlstar Group LLC, Titan International Inc., and Toyo Tire Corp. are some of the major market participants. Although the ATV tires are expensive with no substitutes will offer immense growth opportunities, the slowdown in the automobile manufacturing process is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this all-terrain vehicle (ATV) tires market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
All-Terrain Vehicle (ATV) Tires Market 2021-2025: Segmentation
The all-terrain vehicle (ATV) tires market is segmented as below:
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All-Terrain Vehicle (ATV) Tires Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The all-terrain vehicle (ATV) tires market report covers the following areas:
All-Terrain Vehicle (ATV) Tires Market Size
All-Terrain Vehicle (ATV) Tires Market Trends
All-Terrain Vehicle (ATV) Tires Market Industry Analysis
This study identifies the growing demand for ATV tires in APAC as one of the prime reasons driving the all-terrain vehicle (ATV) tires market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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All-Terrain Vehicle (ATV) Tires Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist all-terrain vehicle (ATV) tires market growth during the next five years
Estimation of the all-terrain vehicle (ATV) tires market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the all-terrain vehicle (ATV) tires market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of all-terrain vehicle (ATV) tires market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Utility ATV – Market size and forecast 2020-2025
Sport ATV – Market size and forecast 2020-2025
Market opportunity by Application
North America – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Countrywide Tire and Rubber Inc.
High Lifter Products Inc.
Cheng Shin Rubber Ind. Co. Ltd.
List of abbreviations
The Carlstar Group LLC
Titan International Inc.
Toyo Tire Corp.
Scope of the report
Currency conversion rates for US$
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