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Below are some of the key findings from the off-highway tire market research report
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A key factor driving the growth of the off-highway tire market is the rising demand for ATVs. ATV is basically a quadricycle or quad bike that has a low seat for the operator to straddle. They travel on low-pressure tires and have handlebars for steering control. These vehicles are equipped with off-highway tires that are specifically designed to be ridden over multiple terrains, that are inaccessible by other vehicles. ATV production has increased significantly due to a significant rise in recreational off-roading activities.
The increasing implementation of the tire-pressure monitoring system is identified as one of the key emerging trends in the global off-highway tire market. A tire-pressure monitoring system is an electronic system that gauges the air pressure in the tires to determine whether the tires are under-inflated. Uneven tire pressure in vehicles can lead to loss of control. Thus, when a TPMS detects that the air pressure in any one or more tires is low, it alerts the driver through a warning signal, i.e., a blinking indicator on the dashboard. TPMS was developed to reduce traffic accidents, parasitic power losses from rotating underinflated tires, and wear on tires. Indirect and direct are the two types of TPMS. The indirect TPMS gauges loss of air pressure in the tires by using the wheel sensors to measure the rate of a wheel revolution. It compares it with the revolution of other wheels and uses the rate of revolution to determine the size of the tire. Variations in tire sizes due to low air pressure causes the system to warn the driver. The direct TPMS integrates monitoring devices in individual tires to gauge the air pressure and temperature. Such factors will trigger the off-highway tire market to grow at a CAGR of over 5% during 2018-2022.
The off-highway tire market is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this off-highway tire industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. APAC led the market in 2017 with an off-highway tire market share of nearly 41%.
The pneumatic segment will account for the highest growth in the market. The pneumatic segment held the largest market share in 2017, accounting for nearly 99% of the market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the off-highway tire market size.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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