Global Farm Tyre (Tire) Market by Type (Bias Tyres, Radial Tyres), By Application (Tractors tyres, Harvester tyres, Sprayer tyres, Trailer tyres, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global farm tyre market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for agricultural equipment, owing to the rising population and subsequent increase in food demand. Additionally, government initiatives towards modernizing agriculture are also propelling the growth of the farm tyre market. The global farm tyre market is segmented on the basis of type into bias tyres and radial tyres. The bias tyres segment is expected to dominate the global farm tyre market during the forecast period, owing to their high durability and resistance against wear and tear as compared to radial tyres.



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Product Definition:

Farm tyre (tire) is a type of heavy-duty tyre which is specifically designed for agricultural purposes. It has a deep tread that helps to provide good traction in muddy or sandy conditions, as well as extra durability to withstand the rough terrain often encountered on farms. Farm tyres are also typically wider than standard tyres, providing better stability and grip when travelling over uneven ground.

Bias Tyres:

Bias Tyres are manufactured using different types of rubber mixed with plastic. The mixture is molded to make a tire that has the bias (or slant) in it. Bias tires are designed for better performance and handling, which makes them popular among sports car drivers as well as farmers who need good traction in wet weather or fields that have tough soil.

Radial Tyres:

Radial tires are designed to provide better performance in off-road conditions. They have a ribbed pattern around the tire which provides increased traction in mud and snow. The tread pattern of radial tires is designed to break away from the central ply with less force, thereby providing more traction than non- radial tires while cornering at high speeds.

The global farm tire (tire) market was valued at USD 97 billion in 2016.

Application Insights:

On the basis of application, the global farm tyre (tire) market has been segmented into tractors, harvester, sprayer and trailer. In 2017, the tractors segment dominated with a share of over 50% in terms of revenue. The growth can be attributed to increasing demand for high-performance products from agricultural machinery manufacturers across various regions.

The growing trend towards adopting advanced technologies such as GPS tracking systems and sensor-based controllers in combine harvesters has led to an increased focus on advanced machinery by farmers across all major markets including North America and Europe. This factor is projected to further drive product demand over the forecast period.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which makes it an attractive destination for outsourcing manufacturing activities. In addition, increasing demand from developing countries such as China and India is anticipated to drive growth in this region.

The growing population and rapid industrialization & urbanization are some of the major factors driving product demand across Asia Pacific. Furthermore, favorable government policies aimed at promoting investments through FDI are expected to boost farm equipment production leading to increased sales of tires over the next eight years.

Europe accounted for more than 25% share in terms of revenue in 2017 owing to high demand from commercial vehicles segment including buses, trucks, tractors etc.

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 farm tyre market as it is used to transport goods from farms to processing plants and retailers.
Technological advancements: Farm tyre manufacturers are constantly innovating their products in order to meet the needs of their customers. For instance, some manufacturers are now offering tyres that can be inflated or deflated remotely in order to reduce labour costs and improve efficiency.
Rising income levels: As incomes rise, consumers have more money available to spend on luxury items such as farm tyres. In addition, rising income levels allow farmers to invest in new equipment such as tractors that require specialised tyres.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Farm Tyre (Tire) Market Research Report
By Type
Bias Tyres, Radial Tyres
By Application
Tractors tyres, Harvester tyres, Sprayer tyres, Trailer tyres, Other
By Companies
Apollo Tyres Ltd., ATG, Balkrishna Industries, BKT, Bridgestone, Carlisle, CEAT Ltd., Continental AG, Delta, Hankook Tire, Apollo Tyres Ltd., J.K. Tyre, Michelin, Mitas, MRF Limited, Nokian, Pirelli, Shandong Zhentai, Specialty Tires, Sumitomo, Taishan Tyre, TBC Corporation, The Carlstar Group, LLC, Titan International, Trelleborg, Xugong Tyres
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.

Global Farm Tyre (Tire) Market Report Segments:
The global Farm Tyre (Tire) market is segmented on the basis of:
Types
Bias Tyres, Radial Tyres
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, Other
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:
Apollo Tyres Ltd.
ATG
Balkrishna Industries
BKT
Bridgestone
Carlisle
CEAT Ltd.
Continental AG
Delta
Hankook Tire
Apollo Tyres Ltd.
J.K. Tyre
Michelin
Mitas
MRF Limited
Nokian
Pirelli
Shandong Zhentai
Specialty Tires
Sumitomo
Taishan Tyre
TBC Corporation
The Carlstar Group, LLC
Titan International
Trelleborg
Xugong Tyres



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Highlights of The Farm Tyre (Tire) 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:
Bias Tyres
Radial Tyres
By Application:
Tractors tyres
Harvester tyres
Sprayer tyres
Trailer tyres
Other
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 Farm Tyre (Tire) 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

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