Market Overview:
The global agricultural tractor 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 tractors, rising awareness about radial tires, and growing demand for agricultural tractor tires in emerging economies. The global agricultural tractor tires market is segmented on the basis of type into radial and bias tires. Radial tire segments are expected to grow at a higher CAGR than bias tire segments during the forecast period from 2018 to 2030. This can be attributed to their superior performance characteristics as compared to bias tyres. The global agricultural tractor tyres market is also segmented on the basis of application into harvesting, haying, planting & fertilizing, plowing & cultivating, spraying & others.
Product Definition:
A tractor tire is a large, heavy-duty pneumatic tire designed for use on agricultural tractors. Agricultural tractor tires are typically wider and taller than standard passenger car tires to provide better stability and flotation in muddy or soft soil. They are also typically made of a harder rubber compound to withstand the high loads and abrasive conditions encountered in agricultural applications.
Radial Tires:
Radial tires are used in agricultural tractor tires and they are designed for better performance, longer life, and lower operating costs. The modern radial tire is a product of mechanical engineering innovation that has been around for over a century. In the early days of automobiles, radial tires were being used as they offered several benefits such as excellent traction on all surfaces including wet roads and loose soil.
Bias Tires:
Bias tires are also known as radial tires. They are designed to deliver better handling and performance in comparison with the regular cross ply tires. Bias tire is a semi-circular tire with two cuts running diagonally from the center of the wheel towards its outer edge. The bias cut portion of the tire has a smaller section than that of cross ply which enables it to turn faster while cornering thus delivering better control over agricultural tractors during farming operations.
Application Insights:
The market is segmented by application into harvesting, haying, planting & fertilizing, and plowing & cultivating. The harvesting segment held the largest share in 2017 owing to the increasing demand for agricultural products from a wide range of applications such as animal feed and biofuel generation. Furthermore, technological advancements in tractors coupled with advanced tires are further expected to drive the growth of this application over the forecast period.
The haying segment is anticipated to witness significant growth over the forecast period due to rising demand for technologically advanced equipment that can provide high performance on uneven surfaces and heavy loads across all regions including North America, Europe Asia Pacific Latin America Middle East Africa. Tires with improved traction provided by these machines ensure better quality of hay produced which results in increased productivity leading to an overall higher market penetration across all regions globally.
Regional Analysis:
Asia Pacific dominated the global 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 rapid industrialization and urbanization, which has resulted in an increased demand for agricultural tractors. Furthermore, increasing disposable income levels coupled with government initiatives such as “Housing for All by 2022†and “One Child per Couple Policy†implemented by China are expected to drive residential construction activities, thereby driving the product demand further.
Europe accounted for a significant share of revenue in 2017 owing to high adoption rates of advanced farming techniques along with presence of well-established agriculture machinery manufacturers such as CLAAS KGaA mbH & Co., Deutschland; CNH Industrial Nederland BV; Maschinenfabrik Bernard Krone Gmbh & Co.; AGCO Corporation; New Holland Ltd.; Fiat Agriculturali S.p.A.
Growth Factors:
- Increasing demand for agricultural tractor tires from the developing countries due to the increasing population and their need for food security.
- The increasing awareness about the benefits of using agricultural tractor tires in terms of fuel efficiency, productivity, and soil health is driving the market growth.
- The technological advancements in tire manufacturing are resulting in better quality agricultural tractor tires with increased life span which is further propelling the market growth.
- Growing demand for specialty agriculture tractor tires such as those designed for wet or muddy conditions is also contributing to market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agricultural Tractor Tires Market Research Report
By Type
Radial Tires, Bias Tires
By Application
Harvesting, Haying, Planting & Fertilizing, Plowing & Cultivating, Spraying & Others
By Companies
Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian, Michelin, 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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Agricultural Tractor Tires Market Report Segments:
The global Agricultural Tractor Tires market is segmented on the basis of:
Types
Radial Tires, Bias 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
Harvesting, Haying, Planting & Fertilizing, Plowing & Cultivating, Spraying & Others
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
- Michelin
- J.K. Tyre
- Carlisle
- Specialty Tires
- Delta
- CEAT
- Xugong Tyres
- Taishan Tyre
- Shandong Zhentai
- Double Coin
Highlights of The Agricultural Tractor 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 Tires
- Bias Tires
- By Application:
- Harvesting
- Haying
- Planting & Fertilizing
- Plowing & Cultivating
- Spraying & Others
- 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 Agricultural Tractor 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?
Agricultural tractor tires are designed to provide traction and stability on the ground while working in fields or other agricultural settings. They typically have a thicker tread than regular car or truck tires, which helps them grip the ground better.
Some of the key players operating in the agricultural tractor tires market are Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian, Michelin, J.K. Tyre, Carlisle, Specialty Tires, Delta, CEAT, Xugong Tyres, Taishan Tyre, Shandong Zhentai, Double Coin.
The agricultural tractor tires market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agricultural Tractor Tires Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agricultural Tractor Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agricultural Tractor Tires Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agricultural Tractor Tires Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agricultural Tractor Tires Market Size & Forecast, 2020-2028
4.5.1 Agricultural Tractor Tires Market Size and Y-o-Y Growth
4.5.2 Agricultural Tractor Tires Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Radial Tires
5.2.2 Bias Tires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Harvesting
6.2.2 Haying
6.2.3 Planting & Fertilizing
6.2.4 Plowing & Cultivating
6.2.5 Spraying & Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agricultural Tractor Tires Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agricultural Tractor Tires Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Radial Tires
9.6.2 Bias Tires
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Harvesting
9.10.2 Haying
9.10.3 Planting & Fertilizing
9.10.4 Plowing & Cultivating
9.10.5 Spraying & Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Radial Tires
10.6.2 Bias Tires
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Harvesting
10.10.2 Haying
10.10.3 Planting & Fertilizing
10.10.4 Plowing & Cultivating
10.10.5 Spraying & Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Radial Tires
11.6.2 Bias Tires
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Harvesting
11.10.2 Haying
11.10.3 Planting & Fertilizing
11.10.4 Plowing & Cultivating
11.10.5 Spraying & Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Radial Tires
12.6.2 Bias Tires
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Harvesting
12.10.2 Haying
12.10.3 Planting & Fertilizing
12.10.4 Plowing & Cultivating
12.10.5 Spraying & Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Radial Tires
13.6.2 Bias Tires
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Harvesting
13.10.2 Haying
13.10.3 Planting & Fertilizing
13.10.4 Plowing & Cultivating
13.10.5 Spraying & Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agricultural Tractor Tires Market: Competitive Dashboard
14.2 Global Agricultural Tractor Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Michelin
14.3.2 Bridgestone
14.3.3 Titan International
14.3.4 Pirelli
14.3.5 Trelleborg
14.3.6 AGT
14.3.7 BKT
14.3.8 Mitas
14.3.9 Sumitomo
14.3.10 Nokian
14.3.11 Michelin
14.3.12 J.K. Tyre
14.3.13 Carlisle
14.3.14 Specialty Tires
14.3.15 Delta
14.3.16 CEAT
14.3.17 Xugong Tyres
14.3.18 Taishan Tyre
14.3.19 Shandong Zhentai
14.3.20 Double Coin
