All updated as on -
In 2022, the worldwide market was estimated to be worth $4.89 billion. From 2023 to 2030, it is expected to expand at a CAGR of 5.0% to reach US$ 6.96 Bn.
The term "power sport vehicle tyre market" is used to describe the worldwide business of producing and distributing tyres for power sport vehicles. Motorcycles, All-Terrain Vehicles (ATVs), Utility Task Vehicles (UTVs), Snowmobiles, and Other Recreational Vehicles Are Power Sports Vehicles. Motorsport activities including motocross, supercross, ATV racing, and endurance races all make considerable use of power sports vehicles. As a result, there is a need for high-quality racing tyres that can survive the punishment of intense competition without sacrificing performance.
The rising global demand for power sports vehicles is the primary factor propelling the power sport vehicle tyre business. Off-roading, adventure sports, motorsports, and recreational use are just some of the many ways that these vehicles are put to good use. Tyres designed specifically for such vehicles are needed to ensure optimal performance and safety on a wide variety of surfaces. The rising demand for high-performance tyres is a major factor in the growth of the worldwide power sport vehicle tyre market. To meet the ever-evolving needs of power sports enthusiasts, tyre manufacturers are constantly developing and releasing cutting-edge tyre innovations.
A major factor fueling expansion in the worldwide power sport vehicle tyre market is the growing popularity of sports and other leisure pursuits. The increasing number of power sport vehicles on the road means more worn out tyres need to be replaced. Tyres are a must for those who already possess power sport vehicles and are planning to upgrade or increase their fleet size. As a result, there is always a need for tyres designed for power sport vehicles.
Different types of consumers looking for leisure activities are attracted to power sport cars because of the thrilling and adventurous experiences they provide to enthusiasts. Durable and specialised tyres are essential for performance, safety, and optimal traction in extreme sports including off-roading, trail riding, motocross, and ATV racing. Tyres for power sports vehicles are in high demand as their popularity rises. Authorities invest heavily in infrastructure development, including power sports-specific tracks, trails, and recreation zones. These programmes boost interest, which in turn increases sales of power sports vehicles and the need for tyres.
The fuelling stations, shops, and garages that support IC engine power sport vehicles are already in place. Due to the availability of this infrastructure, IC engine vehicles are able to maintain their market dominance. In addition to their already dominant position in the tyre industry, IC engine power sport cars benefit from the availability of servicing and support.
Report Coverage
Global Power Sport Vehicle Tire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Sport Vehicle Tire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Sport Vehicle Tire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Sport Vehicle Tire market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Sport Vehicle Tire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Sport Vehicle Tire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Michelin, Bridgestone, Pirelli, Dunlop (Goodyear), Continental AG, Metzeler (Pirelli), Shinko, Maxxis, Kenda, IRC Tire, Mitas, Avon Tyres, CST, Duro Tire, and Cheng Shin Rubber (CST)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Power Sport Vehicle Tire market based on the below-mentioned segments:
Global Power Sport Vehicle Tire Market, By Vehicle Type
Motorcycles
All-terrain Vehicles (ATVs)
Side-by-Side Vehicles (SxS)
Snowmobiles
Global Power Sport Vehicle Tire market, By Propulsion
IC Engine
Electric
Global Power Sport Vehicle Tire Market, By End User
Recreational Riders
Professional Riders
Commercial Users
Global Power Sport Vehicle Tire market, Regional Analysis
The term "power sport vehicle tyre market" is used to describe the worldwide business of producing and distributing tyres for power sport vehicles. Motorcycles, All-Terrain Vehicles (ATVs), Utility Task Vehicles (UTVs), Snowmobiles, and Other Recreational Vehicles Are Power Sports Vehicles. Motorsport activities including motocross, supercross, ATV racing, and endurance races all make considerable use of power sports vehicles. As a result, there is a need for high-quality racing tyres that can survive the punishment of intense competition without sacrificing performance.
The rising global demand for power sports vehicles is the primary factor propelling the power sport vehicle tyre business. Off-roading, adventure sports, motorsports, and recreational use are just some of the many ways that these vehicles are put to good use. Tyres designed specifically for such vehicles are needed to ensure optimal performance and safety on a wide variety of surfaces. The rising demand for high-performance tyres is a major factor in the growth of the worldwide power sport vehicle tyre market. To meet the ever-evolving needs of power sports enthusiasts, tyre manufacturers are constantly developing and releasing cutting-edge tyre innovations.
A major factor fueling expansion in the worldwide power sport vehicle tyre market is the growing popularity of sports and other leisure pursuits. The increasing number of power sport vehicles on the road means more worn out tyres need to be replaced. Tyres are a must for those who already possess power sport vehicles and are planning to upgrade or increase their fleet size. As a result, there is always a need for tyres designed for power sport vehicles.
Different types of consumers looking for leisure activities are attracted to power sport cars because of the thrilling and adventurous experiences they provide to enthusiasts. Durable and specialised tyres are essential for performance, safety, and optimal traction in extreme sports including off-roading, trail riding, motocross, and ATV racing. Tyres for power sports vehicles are in high demand as their popularity rises. Authorities invest heavily in infrastructure development, including power sports-specific tracks, trails, and recreation zones. These programmes boost interest, which in turn increases sales of power sports vehicles and the need for tyres.
The fuelling stations, shops, and garages that support IC engine power sport vehicles are already in place. Due to the availability of this infrastructure, IC engine vehicles are able to maintain their market dominance. In addition to their already dominant position in the tyre industry, IC engine power sport cars benefit from the availability of servicing and support.
Report Coverage
Global Power Sport Vehicle Tire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Sport Vehicle Tire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Sport Vehicle Tire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Sport Vehicle Tire market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Michelin, Bridgestone, Pirelli, Dunlop (Goodyear), Continental AG, Metzeler (Pirelli), Shinko, Maxxis, Kenda, IRC Tire, Mitas, Avon Tyres, CST, Duro Tire, and Cheng Shin Rubber (CST) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Power Sport Vehicle Tire Market from 2021 to 2030.
- Market Forecast for Power Sport Vehicle Tire Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Power Sport Vehicle Tire competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Power Sport Vehicle Tire
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Sport Vehicle Tire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Sport Vehicle Tire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Michelin, Bridgestone, Pirelli, Dunlop (Goodyear), Continental AG, Metzeler (Pirelli), Shinko, Maxxis, Kenda, IRC Tire, Mitas, Avon Tyres, CST, Duro Tire, and Cheng Shin Rubber (CST)
Primary Target Market
- Market Players of Power Sport Vehicle Tire
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Power Sport Vehicle Tire market based on the below-mentioned segments:
Global Power Sport Vehicle Tire Market, By Vehicle Type
Motorcycles
All-terrain Vehicles (ATVs)
Side-by-Side Vehicles (SxS)
Snowmobiles
Global Power Sport Vehicle Tire market, By Propulsion
IC Engine
Electric
Global Power Sport Vehicle Tire Market, By End User
Recreational Riders
Professional Riders
Commercial Users
Global Power Sport Vehicle Tire market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the power sport vehicle tire market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.