Press Release

Agriculture Tire Market to Surpass $ 8 Billion by 2022

According to TechSci Research report, GlobalAgriculture Tire Market By Vehicle Type, By Region, By Demand Category, By Region, Competition Forecast & Opportunities, 2012–2022, the global agriculture tire market is forecast to reach $ 8.2 billion by 2022, on account of rising agriculture vehicle sales and expanding agriculture vehicle fleet size.  In 2016, tractor agriculture tire segment dominated the global agriculture tire market, followed by trailers and combine harvesters vehicle tires. Tractor tire segment is anticipated to continue its dominance in the global agriculture tire market through the forecast period owing to expanding fleet size of tractors, especially in developing countries.

Browse 112 Figures spread through 216 Pages and an in-depth TOC on "Global Agriculture Tire Market"

Among all the regional markets, the global agriculture tire is dominated by Asia-Pacific. With a volume share of more than 60% in 2016, Asia-Pacific region is anticipated to continue its dominance in the global agriculture tire market during the forecast period. The second largest regional market for agriculture tires in 2016 was Europe & CIS, which was followed by North America, South America, and Middle East & Africa. Over the last few years, presence of various multinational companies like Michelin, Titan, BKT Trelleborg, etc., has intensified the competition in global agriculture tire market. Moreover, the widespread presence of well-established network of dealers and distributors is expected to further increase the market share of the above-mentioned tire companies across the globe in the coming years.

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“Over the past few years, the global agriculture tire industry has witnessed a considerable increase in demand for agriculture vehicles due to increasing focus of the governments on strengthening the agriculture sector, especially in agrarian nations, which has resulted in boosting agriculture tire sales. This trend is expected to prevail in the coming years as well owing to continuing growth in agriculture vehicles production and demand, especially in developing economies across the globe.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Agriculture Tire Market By Vehicle Type, By Region, By Demand Category, By Region, Competition Forecast & Opportunities, 2012–2022 has analyzed the potential of agriculture tire market, and provides statistics and information on market size, share and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the global agriculture tire market.


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Global Agriculture Tire Market, by Vehicle Type (Tractor Tires, Tractor Trailer, Others), by Demand Category (OEM Vs. Replacement), Forecast & Opportunities, 2012-2022

Automotive | Nov, 2017

Growing agriculture industry, increasing sales of agriculture vehicles coupled with constantly expanding agriculture vehicle fleet is poised to boost the global agriculture tire market through 2022

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