Market Overview:
The global agriculture tire & tire cord 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 the increasing demand for agricultural tires and cords from various end-use applications, such as tractors, harvesters, and others. Additionally, the growing awareness about environment-friendly products is also propelling the growth of this market. Based on type, PET accounted for a major share of the global agriculture tire & cord market in 2017. This can be attributed to its properties such as high strength-to-weight ratio and resistance against abrasion and chemicals.
Product Definition:
Agriculture Tire & Tire Cord are used in the agricultural industry for equipment that is used on the farm. Tires and cords are important because they provide traction and durability for the machines that are being used.
PET:
Polyethylene Terephthalate, commonly known as PET or PETE is a non-toxic, lightweight and durable polymer. It can be recycled and reused efficiently. The material has high strength and stiffness which makes it an ideal choice for manufacturing agriculture tires & tire cords. Moreover, the material possesses excellent chemical resistance to abrasion & puncture making it suitable for agricultural applications including plowing & cultivation.
PA6:
PA6 is a polymer compound that is produced through the catalytic dehydrogenation of ethylene. It has an odor similar to gasoline and looks like wet tar. PA6 rubber exhibits high resistance to heat, ozone, and chemicals such as sulfuric acid, nitric acid, and phosphoric acid.
Application Insights:
Tractors accounted for the largest share of over 60.0% in 2017 and this trend is expected to continue over the forecast period. The growing demand for tractors with high horsepower as well as payload is anticipated to drive the segment growth during the forecast period. Furthermore, increasing use of tires on account of superior performance coupled with low maintenance cost are projected to fuel industry expansion further.
The harvesters segment was valued at USD 1,252.5 million in 2017 and this is also expected to grow at a lucrative CAGR from 2018 to 2030 owing to increased mechanization in agricultural activities across all major economies globally which includes U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing population and GDP per capita. Moreover, rising disposable income coupled with improving standards of living has led to a rise in vehicle production across Asia Pacific region.
Growth Factors:
- Increasing demand for agricultural products: The global population is expected to grow by more than 2 billion people by 2050, which will result in an increased demand for food. This will create opportunities for the agricultural tire and cord market.
- Technological advancements: Agricultural tires and cords are becoming increasingly sophisticated, with new technologies being developed to improve their performance and durability. This is likely to drive growth in the market over the next few years.
- Rising awareness of environmental issues: There is a growing awareness of the importance of sustainable agriculture, which is driving investments in environmentally friendly agricultural technologies such as those that use less water or energy. This trend is likely to benefit the agricultural tire and cord market in the long run.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agriculture Tire & Tire Cord Market Research Report
By Type
PET, PA6, PA66, Aramid, Others
By Application
Tractors, Harvesters
By Companies
Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, MICHELIN, Mitas, China National Rubber Tire Co., Trelleborg AB, Titan International, Inc., Sumitomo Rubber Industries Ltd., Pirelli and C. S.p.A.
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Agriculture Tire & Tire Cord Market Report Segments:
The global Agriculture Tire & Tire Cord market is segmented on the basis of:
Types
PET, PA6, PA66, Aramid, Others
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, Harvesters
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:
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Continental AG
- MICHELIN
- Mitas
- China National Rubber Tire Co.
- Trelleborg AB
- Titan International, Inc.
- Sumitomo Rubber Industries Ltd.
- Pirelli and C. S.p.A.
Highlights of The Agriculture Tire & Tire Cord 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:
- PET
- PA6
- PA66
- Aramid
- Others
- By Application:
- Tractors
- Harvesters
- 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 Tire & Tire Cord 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Tire & Tire Cord is a type of cordage made from cotton, linen, or hemp. It is used to make ropes, twine, and nets.
Some of the major companies in the agriculture tire & tire cord market are Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, MICHELIN, Mitas, China National Rubber Tire Co., Trelleborg AB, Titan International, Inc., Sumitomo Rubber Industries Ltd., Pirelli and C. S.p.A..
The agriculture tire & tire cord 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 Agriculture Tire & Tire Cord 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 Agriculture Tire & Tire Cord Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agriculture Tire & Tire Cord 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 Agriculture Tire & Tire Cord 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 Agriculture Tire & Tire Cord Market Size & Forecast, 2020-2028
4.5.1 Agriculture Tire & Tire Cord Market Size and Y-o-Y Growth
4.5.2 Agriculture Tire & Tire Cord 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 PET
5.2.2 PA6
5.2.3 PA66
5.2.4 Aramid
5.2.5 Others
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 Tractors
6.2.2 Harvesters
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agriculture Tire & Tire Cord 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 Agriculture Tire & Tire Cord 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 PET
9.6.2 PA6
9.6.3 PA66
9.6.4 Aramid
9.6.5 Others
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 Tractors
9.10.2 Harvesters
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 PET
10.6.2 PA6
10.6.3 PA66
10.6.4 Aramid
10.6.5 Others
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 Tractors
10.10.2 Harvesters
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 PET
11.6.2 PA6
11.6.3 PA66
11.6.4 Aramid
11.6.5 Others
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 Tractors
11.10.2 Harvesters
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 PET
12.6.2 PA6
12.6.3 PA66
12.6.4 Aramid
12.6.5 Others
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 Tractors
12.10.2 Harvesters
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 PET
13.6.2 PA6
13.6.3 PA66
13.6.4 Aramid
13.6.5 Others
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 Tractors
13.10.2 Harvesters
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 Agriculture Tire & Tire Cord Market: Competitive Dashboard
14.2 Global Agriculture Tire & Tire Cord Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Balkrishna Industries Limited (BKT)
14.3.2 Bridgestone Corporation
14.3.3 Continental AG
14.3.4 MICHELIN
14.3.5 Mitas
14.3.6 China National Rubber Tire Co.
14.3.7 Trelleborg AB
14.3.8 Titan International, Inc.
14.3.9 Sumitomo Rubber Industries Ltd.
14.3.10 Pirelli and C. S.p.A.
