According to the research literature titled ‘Off-road Tires Market Size By Material (Synthetic Rubber, Natural Rubber, Fabrics & Wire, Carbon Black), By Tire Height (Below 31 Inches, 31-40 Inches, 41-45 Inches, Above 45 Inches), By Vehicle, By Distribution Channel, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, global off-road tires market is projected to cross USD 705 billion valuation by the end of the forecast period 2019-2025.
 

Worldwide off-road tires market is anticipated to gain considerable in the forthcoming years owing to rising adoption of radial tires featuring side walls and lower roll resistance, and increasing utilization of heavy-duty trucks in mining and construction industries. Besides, developing customer awareness regarding fuel economy, lifespan and safety are strengthening the demand for lightweight and fuel-efficient tires that can handle rough terrain.
 

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Further, favorable laws pertaining to manufacturing of tires by regulatory bodies like U.S. Environmental Protection Agency (EPA), and Certification & Accreditation Administration (CNCA) of China are complementing the industry growth.
 

In terms of material, global off-road tires market share from carbon black segment is anticipated increase significantly in the upcoming years. Enhanced treadwear rating, handling, and abrasion resistance are the key benefits favoring the use of carbon black for tire production.
 

Considering tire height, 31 to 40 inches segment is predicted to garner robust demand over the forecast timeframe, creditable to growing adoption of mountain bikes for off-road cycling events. Tires with a standing height of 31 to 40 inches are highly preferred as they provide optimal performance in all riding conditions.
 

Elaborating on vehicle type segmentation, dirt bikes & quad segment is anticipated to record a healthy growth rate over the next four years. Increasing adventure and motor sports racing activities, and presence of wide network of dealers and distributors selling dirt bikes and quads are supporting the segmental expansion.
 

Moving on to distribution channel, secondary/replacement segment is touted to generate strong returns over the projected timeline. This can be ascribed to growing demand for frequent upgrades and replacement by customers.
 

On the geographical front, North America off-road tires industry will register substantial growth through 2025 on account of rising popularity of 4WD vehicles in off-roading and recreational activities in line with increasing public participation in outdoor events.
 

Prominent industry players are Hankook Tire & Technology Co. Ltd., Nexen Tire Corp., Omni United Pte. Ltd., Nokian Heavy Tyres Ltd., Sumitomo Rubber Industries Ltd., Bridgestone Corp., Maxxis International, Nortec, Michelin Group, and Continental AG among others.