Global Mud Terrain Tires Market: Introduction
In order to eject mud and other materials, mud terrain tyres often include an aggressive tread design, deep lugs, and self-cleaning bars. Mud terrain tyres are made of a rubber composition that is specifically made for off-road, difficult, and muddy terrains.
Mud terrain tyres are mostly found on utility, sports, and high-performance ATVs. Moreover, as the demand for ATVs and other off-road vehicles rises, so does the need for mud terrain tyres. Radial construction tyres also dominate the market for light-truck tyres among the mud terrain tyre product types.
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The mud terrain tyre market also has well-known international players catering to customers throughout the world and domestic players to meet the need for mud terrain tyres. This has thus produced fierce competition among the players. The OEM must carefully consider the cost and accessibility of raw materials before establishing manufacturing facilities anywhere.
The main centres for producing rubber, which is used to make mud terrain tires, are in China and South East Asia. Numerous manufacturing facilities are currently in use in this area, and it is anticipated that they will improve their current capabilities in the years to come.
Market Dynamics
One of the chief utilization of mud terrain tires is identified in off-road vehicles. The global off-road commercial vehicle industry is expected to experience a transition in the customer environment owing to fast-changing regulations, shifting demands of fleet owners and rising industrial activity.
Moderate growth after a downturn in last few years, increase in recreational activities is expected to flourish the global mud terrain tires market in the coming years. A large number of off-road events organized in many countries attribute in elevated sales of mud terrain tires.
Substantial spending by the regional governments to enhance the fleet of military vehicles is likely to strengthen the demand growth of mud terrain tires. Global grains and food products demand is anticipated to drive the utilization of economical and environment-friendly agricultural equipment & vehicles. Consequently, robust growth in the production of agriculture equipment and farm tractors are foreseen to trigger the pace of mud terrain tire market.
Regional Outlook
The global sales of construction equipment and vehicles are estimated to reach a significant value in the coming years aided primarily by sales in developing countries such as China, Brazil, and India. Amongst Western European countries Germany, Spain, France and the Czech Republic are projected to create high dollar value owing to strong sales and robust manufacturing facilities owned by prominent companies.
The strengthened efforts by the Chinese government to promote economic reforms through bumper agricultural harvest has aided the sales of farm tractors and thus, the consumption of mud terrain tires is expected to witness unprecedented growth. Amongst Eastern European countries, heavy spending by the Russian government in military vehicles bolsters the pace of mud terrain tires market.
The Middle East is foreseen to witness hefty growth sales of mud terrain tires in military vehicles as compared to other segments. North America is expected to hold the majority of market share owing to several off-road events and a large number of recreational activities.
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Key Participants
- Continental AG
- The Goodyear Tire & Rubber Company
- Sumitomo Rubber Industries, Ltd. (Falken Tire Corporation)
- Bridgestone Corporation
- Pirelli Tyre S.p.A.
- The Yokohama Rubber Company Limited
- Goodrich Tyres
- Atturo Tire Corporation
- NITTO TIRE U.S.A. INC.
- Cooper Tire & Rubber Company
- Mickey Thompson Performance Tires & Wheels
- Lexani Wheels
- Federal Corp.
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