Global Automotive Super Swamper Tires Market 2017-2021

Overview of the global automotive super swamper tires market

Market research analysts at Technavio predict that the global automotive super swamper tires market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 14% by 2021. This market research analysis identifies the rise in popularity of off-roading vehicles as one of the primary growth factors for this market. With the rising popularity of recreational vehicle sports, the recent years witnessed the emergence of a new high-performance off-road vehicle segment. Though the market is region-centric and is witnessing sales only in countries in North America and Western Europe, the rising number of racing events for this vehicle segment has led to an emerging group of enthusiasts and a strong viewership for such events, which will in turn, fuel the demand for these tires for such races.

One of the latest trends that will gain traction in the global automotive super swamper tire market in the coming years is the use of bio-oils in the manufacturing process of super swamper tires. With the increasing awareness on the emission of greenhouse gases, racing tire manufacturers have already started using environment-friendly raw materials such as oils derived from orange peels. In addition to reducing energy consumption and greenhouse gas emissions it has also been observed that such tires also provide improved traction compared to tires made using conventional oils.

Competitive landscape and key vendors

With all players competing to gain significant revenue shares, this market is highly competitive. One of the major vendors Bridgestone, operates in various business segments such as tires, automobile parts, retreading materials and services, automobile maintenance and repair services, and raw materials for tires. Additionally, the company also manufactures and sells chemical and industrial products, including anti-vibration and noise-insulating materials, electro-materials, polyurethane foam products, industrial rubber products, belts, building materials, and hoses. To benefit from the market potential of the automotive sector, the company is currently focusing on increasing the operational efficiency of its manufacturing facilities.  

The leading vendors in the market are -

• Bridgestone
• Continental
• Goodyear Tire & Rubber
• Michelin
• Interco Tire

The other prominent vendors in the market include Maxxis, BFGoodrich, and Pitbull Tires

Segmentation by vehicle type and analysis of the automotive super swamper tires market

• Pickup-trucks
• SUVs
• Other off-road vehicles

The SUV segment accounted for the major shares and dominated this market. Factors such as the high consumer preference for large and big vehicles will drive the growth of this market segment in the coming years. Additionally, the decreasing gasoline prices, the emergence of new models, and the availability of better leasing options in the US and the increasing sales of SUVs in the emerging economies such as China and India, will also fuel the growth of the market in this segment.

Geographical segmentation and analysis of the automotive super swamper tires market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market by 2021. Though the market is currently dominated by the Americas, factors such as the introduction of stringent environmental regulations in EMEA, which is inducing automotive manufacturers to adopt advances in powertrain technology and the presence of several luxury car manufacturers such as Mercedes-Benz, Audi, BMW, Bentley, and Volkswagen, will significantly fuel the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive super swamper tires market?
• What are the key market trends impacting the growth of the global automotive super swamper tires market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive super swamper tires market?
• What are the market opportunities and threats faced by the vendors in the global automotive super swamper tires market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive super swamper tires market?

Technavio also offers customization on reports based on specific client requirement.

Super swamper tires are a variety of mud tires that are specially designed for harsher surfaces and are used in extensively for dirt biking. To offer clients effective market insights, Technavio offers well-crafted reports for the automotive industry that cover a wide range of segments within the industry such as automotive components, automotive manufacturing, and automotive electronics. In addition to providing information on various parameters including the change in customer preferences and the factors that drive and challenge the growth of the vendors in the industry’s marketspace, Technavio’s reports also include a detailed analysis of the key vendors, their products and services, and the competitive landscape.

To predict the automotive industry’s growth prospects, Technavio’s research analysts follow a comprehensive approach of primary and secondary research techniques to provide an in-depth analysis of the various factors, including technological advancements and the demand for different products and services across various geographical regions. Furthermore, to help clients frame new strategies for growth, our upcoming industry research report on super swamper tires market for the forecast period of 2017 to 2021 offers vital insights devised from the data collected from sources such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on super swamper tires also considers the growth of the related markets such as passenger vehicle replacement tire market and specialty tire market, which are expected to grow at a CAGR of almost 7% and about 4%, respectively by 2021. According to our market research analysts, stringent safety norms and a higher emphasis on performance and efficiency of the vehicle are the significant factors driving the automotive market’s growth in the coming years. Technavio also provides reports that are customized for varied clients and will help regional vendors and players targeting niche customer segments establish their presence in the automotive market.

The upcoming industry research report for super swamper tires market also identifies the key drivers, eminent trends, and the emerging challenges currently experienced by the industry and also presents insights into auto accessories and wheels and tires.