Market Overview:
The global agriculture tires market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for agricultural equipment, rising population and subsequent increase in food demand, and technological advancements in agriculture tires. The global agriculture tires market is segmented on the basis of type, application, and region. On the basis of type, it is divided into radial agriculture tires and bias (crossply) agriculture tires. Radial Agriculture Tires are further classified into standard radial tyres and wide-base radial tyres while Bias (Crossply) Agriculture Tires are further classified into belted bias tyres and cross ply tyres. On the basis of application, it is segmented into tractors tyre, harvester tyre, sprayer tyre, trailer tyre etc.
Product Definition:
Farm tires, or Agriculture tires, are used to provide traction and stability for farming equipment. They are typically wider and taller than other tires to provide a larger surface area for gripping the ground. This is important in ensuring that the equipment can safely traverse uneven or muddy terrain.
Radial Agriculture Tires:
Radial agriculture tires are designed to enhance the performance of agricultural vehicles. They are manufactured with the primary intention of increasing the productivity and efficiency of farming activities. The global radial agriculture tires market is expected to witness significant growth over the forecast period owing to its rising demand in agricultural vehicles such as tractors, harvesters, and other utility vehicles.
The global market for radial tires is segmented on a regional basis including North America (U.S.
Bias (Crossply) Agriculture Tires:
Bias agriculture tires are specially designed to meet the requirements of agricultural vehicles. They have a ply pattern that is not aligned with the centerline of the wheel, which helps in improving contact between soil and vehicle tire. Bias or crossply tires are made by aligning two sheets of polyester fabric and bonding them together to form a single layer. The structure allows for more flexibility while manufacturing as well as improves rolling resistance, resulting in improved efficiency on farm fields.
Application Insights:
Trailers are used for transporting goods in agricultural produce from farms to markets. The trailer tires market is expected to witness significant growth on account of the increasing demand for these products from end-use industries such as food processing and cold storage. In addition, the growing use of agriculture tires in various types of vehicles including combine harvesters, tractors and trucks is anticipated to drive the overall industry growth over the forecast period.
Tractors accounted for a major share in terms of revenue generation in 2017 owing to their wide usage across all farming activities including field work, sowing & harvesting crops and animal care. Furthermore, rising demand for technologically advanced tractors with high horsepower that can be utilized efficiently across all soil types will further boost industry expansion over the coming years.
Regional Analysis:
The Asia Pacific dominated the global agriculture tires market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income of consumers, which is likely to boost product demand. Furthermore, government initiatives encouraging farmers to adopt modern technologies such as tractors are projected to further propel regional product demand. For instance, in India, National Agricultural Machinery Corporation Limited (NAMC) provides financial assistance for purchasing agricultural equipment including tractors and combines that help reduce cost of production and increase profits for farmers.
Europe accounted for a significant share owing to high adoption rate of advanced farming techniques along with presence of large number offarmers across major countries such as Russia, France Germany Italy Spain U-K- Sweden Poland Ukraine Greece Turkey & Romania among others who are adopting various innovative techniques including precision farming using IoT technology along with advanced sensors & instrumentation etc.
Growth Factors:
- Increasing demand for agricultural tires from the developing countries due to the increasing population and their rising income levels.
- The increasing awareness about the benefits of using agricultural tires, which is resulting in an increase in their demand.
- The growing trend of precision farming, which is helping to improve the efficiency of agricultural operations and is consequently driving the demand for agricultural tires.
- The increasing use of tractors in agriculture, as they are more efficient than traditional methods of farming and this is leading to an increase in demand for agricultural tires.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agriculture Tires Market Research Report
By Type
Radial Agriculture Tires, Bias (Crossply) Agriculture Tires
By Application
Tractors tyres, Harvester tyres, Sprayer tyres, Trailer tyres
By Companies
Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian, Harvest King, J.K. Tyre, Carlisle, Specialty Tires, Delta, CEAT, Xugong Tyres, Taishan Tyre, Shandong Zhentai, Double Coin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Agriculture Tires Market Report Segments:
The global Agriculture Tires market is segmented on the basis of:
Types
Radial Agriculture Tires, Bias (Crossply) Agriculture Tires
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tractors tyres, Harvester tyres, Sprayer tyres, Trailer tyres
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Michelin
- Bridgestone
- Titan International
- Pirelli
- Trelleborg
- AGT
- BKT
- Mitas
- Sumitomo
- Nokian
- Harvest King
- J.K. Tyre
- Carlisle
- Specialty Tires
- Delta
- CEAT
- Xugong Tyres
- Taishan Tyre
- Shandong Zhentai
- Double Coin
Highlights of The Agriculture Tires Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radial Agriculture Tires
- Bias (Crossply) Agriculture Tires
- By Application:
- Tractors tyres
- Harvester tyres
- Sprayer tyres
- Trailer tyres
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agriculture Tires Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agriculture Tires are a type of tire specifically designed for use on farm equipment. They are made from rubber that is specially treated to resist wear and tear, making them ideal for use on heavy machinery.
Some of the major players in the agriculture tires market are Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian, Harvest King, J.K. Tyre, Carlisle, Specialty Tires, Delta, CEAT, Xugong Tyres, Taishan Tyre, Shandong Zhentai, Double Coin.
The agriculture tires market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agriculture Tires Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Agriculture Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Agriculture Tires Market - Supply Chain
4.5. Global Agriculture Tires Market Forecast
4.5.1. Agriculture Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Agriculture Tires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Agriculture Tires Market Absolute $ Opportunity
5. Global Agriculture Tires Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Agriculture Tires Market Size and Volume Forecast by Type
5.3.1. Radial Agriculture Tires
5.3.2. Bias (Crossply) Agriculture Tires
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Agriculture Tires Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Agriculture Tires Market Size and Volume Forecast by Application
6.3.1. Tractors tyres
6.3.2. Harvester tyres
6.3.3. Sprayer tyres
6.3.4. Trailer tyres
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Agriculture Tires Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Agriculture Tires Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Agriculture Tires Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Agriculture Tires Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Agriculture Tires Demand Share Forecast, 2019-2026
9. North America Agriculture Tires Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Agriculture Tires Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Agriculture Tires Market Size and Volume Forecast by Application
9.4.1. Tractors tyres
9.4.2. Harvester tyres
9.4.3. Sprayer tyres
9.4.4. Trailer tyres
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Agriculture Tires Market Size and Volume Forecast by Type
9.7.1. Radial Agriculture Tires
9.7.2. Bias (Crossply) Agriculture Tires
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Agriculture Tires Demand Share Forecast, 2019-2026
10. Latin America Agriculture Tires Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Agriculture Tires Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Agriculture Tires Market Size and Volume Forecast by Application
10.4.1. Tractors tyres
10.4.2. Harvester tyres
10.4.3. Sprayer tyres
10.4.4. Trailer tyres
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Agriculture Tires Market Size and Volume Forecast by Type
10.7.1. Radial Agriculture Tires
10.7.2. Bias (Crossply) Agriculture Tires
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Agriculture Tires Demand Share Forecast, 2019-2026
11. Europe Agriculture Tires Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Agriculture Tires Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Agriculture Tires Market Size and Volume Forecast by Application
11.4.1. Tractors tyres
11.4.2. Harvester tyres
11.4.3. Sprayer tyres
11.4.4. Trailer tyres
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Agriculture Tires Market Size and Volume Forecast by Type
11.7.1. Radial Agriculture Tires
11.7.2. Bias (Crossply) Agriculture Tires
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Agriculture Tires Demand Share, 2019-2026
12. Asia Pacific Agriculture Tires Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Agriculture Tires Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Agriculture Tires Market Size and Volume Forecast by Application
12.4.1. Tractors tyres
12.4.2. Harvester tyres
12.4.3. Sprayer tyres
12.4.4. Trailer tyres
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Agriculture Tires Market Size and Volume Forecast by Type
12.7.1. Radial Agriculture Tires
12.7.2. Bias (Crossply) Agriculture Tires
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Agriculture Tires Demand Share, 2019-2026
13. Middle East & Africa Agriculture Tires Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Agriculture Tires Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Agriculture Tires Market Size and Volume Forecast by Application
13.4.1. Tractors tyres
13.4.2. Harvester tyres
13.4.3. Sprayer tyres
13.4.4. Trailer tyres
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Agriculture Tires Market Size and Volume Forecast by Type
13.7.1. Radial Agriculture Tires
13.7.2. Bias (Crossply) Agriculture Tires
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Agriculture Tires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Agriculture Tires Market: Market Share Analysis
14.2. Agriculture Tires Distributors and Customers
14.3. Agriculture Tires Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Michelin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bridgestone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Titan International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pirelli
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Trelleborg
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AGT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BKT
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitas
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sumitomo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nokian
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Harvest King
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. J.K. Tyre
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Carlisle
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Specialty Tires
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Delta
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CEAT
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xugong Tyres
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Taishan Tyre
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shandong Zhentai
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Double Coin
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
