Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 7 Billion

CAGR (2023-2028)

4.78%

Fastest Growing Segment

Tractors

Largest Market

Asia Pacific


Market Overview

Global Agriculture Tire Market has valued at USD 7 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.78% through 2028. The global agriculture tire market plays a critical role in supporting the agricultural industry by providing specialized tires designed to meet the unique demands of farming equipment and machinery. These tires are essential for enhancing productivity, efficiency, and safety in various agricultural operations. The market's overview reveals a dynamic landscape shaped by factors such as technological advancements, changing agricultural practices, and economic fluctuations. Over the years, the agriculture tire market has witnessed significant growth due to the expansion of agricultural activities to meet the rising global demand for food and bio-based products. Modern farming practices increasingly rely on heavy machinery such as tractors, combine harvesters, and sprayers, all of which depend on durable and reliable tires to operate effectively in diverse terrains. As a result, the market has seen a consistent demand for tires that can withstand the rigors of fieldwork, while also minimizing soil compaction and preserving crop yield. One notable trend within the agriculture tire market is the integration of advanced technologies. Manufacturers are developing innovative tire designs that incorporate features like improved traction, reduced rolling resistance, and enhanced load-carrying capacity. These advancements not only contribute to increased productivity but also align with the industry's growing emphasis on sustainability and eco-friendly practices. Additionally, the incorporation of tire pressure monitoring systems (TPMS) and data-driven analytics is gaining traction, allowing farmers to optimize tire performance, reduce fuel consumption, and prevent unnecessary wear and tear. Geographically, the market's landscape varies based on regional agricultural practices and economic conditions. Developed regions with large-scale mechanized farming, such as North America and Europe, exhibit a steady demand for high-quality agriculture tires. In contrast, emerging economies with expanding agricultural sectors, such as parts of Asia and Africa, present both opportunities and challenges for tire manufacturers to cater to a diverse range of equipment and soil conditions.

Key Market Drivers

Expansion of Agricultural Activities

The global population continues to grow, resulting in an increased demand for food and agricultural products. To meet this demand, farmers and agricultural enterprises are expanding their cultivation areas and adopting advanced farming practices. This expansion requires robust and specialized equipment, such as tractors and combines, which rely heavily on quality tires to navigate different terrains and efficiently carry out various tasks.

Mechanization of Agriculture

The adoption of mechanized farming practices is a significant driver of the agriculture tire market. Modern farming machinery, including tractors, harvesters, and sprayers, enables farmers to cover larger areas in less time, thereby enhancing productivity. As these machines are equipped with larger and more specialized tires, the demand for tires that provide optimal traction, durability, and load-carrying capacity increases.

Technological Advancements

Advances in tire technology are transforming the agriculture tire market. Manufacturers are developing tires with innovative features such as improved tread patterns, reduced rolling resistance, and enhanced puncture resistance. These advancements help optimize tire performance, increase fuel efficiency, and minimize downtime, all of which contribute to better overall productivity on the farm.

Precision Agriculture

The shift toward precision agriculture involves using technology to optimize farming practices, reduce waste, and increase efficiency. Precision agriculture techniques, including GPS-guided machinery and variable-rate applications, require tires that can provide precise traction and minimize soil compaction. The demand for tires that align with these practices is expected to rise as farmers seek to maximize yields while minimizing environmental impact.

Rising Awareness of Soil Health

Soil compaction caused by heavy machinery can lead to reduced crop yields and long-term soil degradation. Farmers are becoming more aware of the importance of maintaining soil health, which has led to a demand for tires designed to minimize compaction and prevent damage to soil structure. Agriculture tires that distribute weight more evenly and reduce ground pressure are thus gaining popularity.

Environmental Concerns

As sustainability becomes a more significant focus in agriculture, there is a growing demand for eco-friendly solutions, including tires that reduce fuel consumption and have a lower carbon footprint. Manufacturers are exploring materials and designs that contribute to reduced soil disturbance and lower energy consumption during field operations.

Global Trade and Economic Conditions

The agriculture tire market is influenced by global trade dynamics and economic conditions. Economic growth and stability in various regions can impact farmers' purchasing power, affecting their decisions to invest in new equipment and, subsequently, agriculture tires. Changes in trade tariffs and agreements can also affect the supply chain and pricing of agriculture tires.


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Key Market Challenges

Fluctuating Raw Material Prices

The agriculture tire industry heavily depends on raw materials like rubber, steel, and other synthetic compounds. Fluctuations in the prices of these materials can significantly impact production costs. Sudden increases in raw material prices can strain manufacturers' profitability and potentially lead to higher tire prices for customers, affecting demand and market stability.

Global Economic Uncertainties

Economic fluctuations and uncertainties can influence farmers' purchasing decisions. During periods of economic downturn, farmers may postpone equipment purchases or opt for cheaper alternatives, which could impact the demand for agriculture tires. Additionally, trade tensions and global economic shifts can disrupt supply chains and create challenges in accessing necessary materials.

Seasonal Nature of Agriculture

The demand for agriculture tires is highly seasonal, with peak demand occurring during planting and harvesting seasons. This seasonality can lead to production challenges, as manufacturers need to ramp up production quickly to meet demand spikes. Conversely, during off-peak periods, manufacturers may face underutilization of production capacity and inventory management issues.

Changing Agricultural Practices

The adoption of precision agriculture and conservation tillage practices has altered the way farming equipment is used. While these practices can lead to more efficient and sustainable farming, they also require specialized tires that can minimize soil compaction and provide precise traction. Manufacturers must continually innovate to develop tires that align with evolving farming practices.

Environmental Regulations

Increasing environmental regulations and sustainability concerns can impact the agriculture tire market. Tires that help reduce soil compaction and minimize environmental damage are increasingly sought after. Manufacturers need to develop products that meet regulatory standards while still delivering optimal performance for farmers.

Competition and Price Pressure

The agriculture tire market is competitive, with numerous manufacturers vying for market share. This competition can lead to price pressure, as manufacturers strive to offer cost-effective solutions to attract customers. Balancing quality, innovation, and affordability while maintaining profitability is a constant challenge for manufacturers.

Long Replacement Cycles

Agriculture tires tend to have longer replacement cycles compared to tires in other sectors. While this is beneficial for farmers' budgets, it can result in slower turnover for manufacturers. Developing tires that are durable enough to withstand the rigors of farm work while still offering advancements that justify replacement can be challenging.

Diverse Farming Practices

Agriculture is practiced in various geographic regions and climates, leading to a diverse range of farming practices and equipment needs. Manufacturers must create tire solutions that cater to these diverse requirements, which can be logistically challenging and require adaptation to different soil types, terrains, and weather conditions.

Key Market Trends

Precision Agriculture Adoption

Precision agriculture involves using technology to optimize farming practices by collecting and analyzing data on soil conditions, weather patterns, and crop health. This trend requires specialized agriculture tires that minimize soil compaction and provide precise traction, as well as tires that are compatible with GPS-guided machinery for accurate field operations.

Sustainable and Eco-Friendly Solutions

Environmental concerns are driving the demand for agriculture tires that minimize soil disturbance, reduce fuel consumption, and have a lower carbon footprint. Manufacturers are developing tires with innovative designs that help preserve soil health, lower emissions, and align with sustainable farming practices.

Smart Tire Technology

Integration of smart tire technology is on the rise. Tire pressure monitoring systems (TPMS) and sensor-equipped tires offer real-time data on tire performance, pressure, temperature, and wear. This data allows farmers to optimize tire usage, reduce downtime, and prevent potential issues, contributing to overall efficiency.

Enhanced Durability and Longevity

Manufacturers are focusing on developing agriculture tires that offer increased durability and longer lifespan. Improved rubber compounds, reinforced sidewalls, and innovative tread designs contribute to tires that can withstand the demanding conditions of modern farming equipment and last through multiple seasons.

Customization for Diverse Applications

The diversity of farming practices around the world requires tire manufacturers to offer customized solutions. Tires tailored to specific crops, terrains, and equipment sizes are becoming more common. This trend caters to the varying needs of different agricultural regions and helps optimize equipment performance.

Biological and Organic Farming

The trend toward biological and organic farming practices emphasizes minimizing the use of synthetic chemicals and tilling. This requires tires that can traverse fields with minimal soil disruption. Manufacturers are responding by designing tires that reduce soil compaction and provide efficient movement in these environments.

Autonomous and Electric Farming Machinery

The development of autonomous and electric farming machinery is changing the landscape of agriculture. Autonomous vehicles require tires with advanced traction and handling capabilities, while electric machinery demands tires that can support higher torque and manage the weight of batteries.

Digital Platforms and E-commerce

Digital platforms and e-commerce are facilitating easier access to agriculture tires. Farmers can research, compare, and purchase tires online, streamlining the procurement process. This trend encourages manufacturers to improve their online presence and offer user-friendly purchasing options.

Segmental Insights

Vehicle Type Insights

The tractor segment holds the largest share in the global agriculture tire market. This dominance can be attributed to the indispensable role tractors play in farming operations worldwide. These versatile machines are not only responsible for tasks like tilling, ploughing, and planting seeds, but they are also instrumental in pulling other farm machinery, making them vital for farmers. The continuous high demand for tractors leads to a corresponding surge in the demand for tractor tires, thereby driving the growth of this segment in the agricultural tire market. Furthermore, the rapid technological advancements in the farming sector, such as the incorporation of GPS and automation, have revolutionized the tractor tire market. With the integration of GPS technology, farmers can now precisely navigate their tractors, optimize field operations, and enhance overall efficiency. The automation of certain tasks has further streamlined farming processes, reducing labour requirements and increasing productivity. These advancements have not only increased the demand for tractor tires but have also opened new avenues for innovation and development in this sector.

Tire Type Insights

The radial tire type plays a pivotal role in the global agricultural tire market. This can be primarily attributed to its distinctive construction and numerous benefits. Radial tires are designed with crisscrossed ply cords and flexible sidewalls, which not only provide a larger footprint and enhanced traction, but also contribute to reduced soil compaction. These features make them highly durable and fuel-efficient compared to bias tires, making them the top choice in the agricultural sector. With their ability to withstand heavy loads and rough terrains, radial tires ensure optimal performance and productivity for farmers, ultimately driving the growth of the agricultural tire market.

 

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Regional Insights

The Asia-Pacific region dominates the global agricultural tire market with its largest share. This is primarily attributed to the extensive agricultural activities witnessed in countries like China and India. These populous nations boast vast rural populations and expansive arable land areas, leading to a substantial demand for agricultural machinery, including tractors and harvesters. As a result, the requirement for high-quality agricultural tires to equip these machines remains significantly high, fueling the robust growth of the agricultural tire market in this region. The continuous advancements in agricultural practices, coupled with the ever-increasing need for efficient and productive farming, further contribute to the flourishing market landscape of agricultural tires in the Asia-Pacific region.

Recent Developments

  • In 2023, Continental has their largest tractor tire VF900/60R42. The Continental has launched this tire specifically to carry the heavy agricultural machinery with over 300 horsepower.
  • In 2023, Yokohama off-highway Tires (YOHT) has launched AGRI STAR II R-I in India. It is a radial tire that comes with a Unique “Stratified Layer Technology”.

Key Market Players

·         Titan International Inc.

·         Balakrishna Industries Limited

·         Continental AG

·         Bridgestone Corp.

·         Michelin Group

·         Nokian Tyres PLC

·         Pirelli & C S.p.A

·         Apollo Tyres

·         Trelleborg AB

·         Magna Tyres

 By Vehicle Type

By Tire Type

By Demand Category

 By Region

  • Tractors
  • Trailers
  • Combine Harvesters
  • Others
  • Bias
  • Radial
  • OEM
  • Aftermarket
  • Asia-Pacific
  • Europe & CIS
  • North America
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Agriculture Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Agriculture Tire Market, By Vehicle Type:

o   Tractors

o   Trailers

o   Combine Harvesters

o   Others

  • Global Agriculture Tire Market, By Tire Type:

o   Bias

o   Radial

  • Global Agriculture Tire Market, By Demand Category:

o   OEM

o   Aftermarket

  • Global Agriculture Tire Market, By Region:

o   Asia-Pacific

o   Europe & CIS

o   North America

o   South America

o   Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Agriculture Tire Market.

Available Customizations:

Global Agriculture Tire market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Agriculture Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Agriculture Tire Market

5.    Global Agriculture Tire Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Volume & Value

5.2.  Market Share & Forecast

5.2.1.     By Vehicle Type Market Share Analysis (Tractors, Trailers, Combine Harvesters & Others)

5.2.2.     By Tire Type Market Share Analysis (Bias, & Radial)

5.2.3.     By Demand Category Market Share Analysis (OEM & Aftermarket)

5.2.4.     By Regional Market Share Analysis

5.2.4.1.         Asia-Pacific Market Share Analysis

5.2.4.2.         Europe & CIS Market Share Analysis

5.2.4.3.         North America Market Share Analysis

5.2.4.4.         South America Market Share Analysis

5.2.4.5.         Middle East & Africa Market Share Analysis

5.2.5.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Agriculture Tire Market Mapping & Opportunity Assessment

5.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.     By Tire Type Market Mapping & Opportunity Assessment

5.3.3.     By Demand Category Market Mapping & Opportunity Assessment

5.3.4.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Agriculture Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type Market Share Analysis

6.2.2.     By Tire Type Market Share Analysis

6.2.3.     By Demand Category Market Share Analysis

6.2.4.     By Country Market Share Analysis

6.2.4.1.         China Market Share Analysis

6.2.4.2.         India Market Share Analysis

6.2.4.3.         Japan Market Share Analysis

6.2.4.4.         Indonesia Market Share Analysis

6.2.4.5.         Thailand Market Share Analysis

6.2.4.6.         South Korea Market Share Analysis

6.2.4.7.         Australia Market Share Analysis

6.2.4.8.         Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Agriculture Tire Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Volume & Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Vehicle Type Market Share Analysis

6.3.1.2.2.             By Tire Type Market Share Analysis

6.3.1.2.3.             By Demand Category Market Share Analysis  

6.3.2.     India Agriculture Tire Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Volume & Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Vehicle Type Market Share Analysis

6.3.2.2.2.             By Tire Type Market Share Analysis

6.3.2.2.3.             By Demand Category Market Share Analysis

6.3.3.     Japan Agriculture Tire Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Volume & Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Vehicle Type Market Share Analysis

6.3.3.2.2.             By Tire Type Market Share Analysis

6.3.3.2.3.             By Demand Category Market Share Analysis

6.3.4.     Indonesia Agriculture Tire Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Volume & Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Vehicle Type Market Share Analysis

6.3.4.2.2.             By Tire Type Market Share Analysis

6.3.4.2.3.             By Demand Category Market Share Analysis

6.3.5.     Thailand Agriculture Tire Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Volume & Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Vehicle Type Market Share Analysis

6.3.5.2.2.             By Tire Type Market Share Analysis

6.3.5.2.3.             By Demand Category Market Share Analysis

6.3.6.     South Korea Agriculture Tire Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Volume & Value

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Vehicle Type Market Share Analysis

6.3.6.2.2.             By Tire Type Market Share Analysis

6.3.6.2.3.             By Demand Category Market Share Analysis

6.3.7.     Australia Agriculture Tire Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Volume & Value

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Vehicle Type Market Share Analysis

6.3.7.2.2.             By Tire Type Market Share Analysis

6.3.7.2.3.             By Demand Category Market Share Analysis

7.    Europe & CIS Agriculture Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type Market Share Analysis

7.2.2.     By Tire Type Market Share Analysis

7.2.3.     By Demand Category Market Share Analysis

7.2.4.     By Country Market Share Analysis

7.2.4.1.         Germany Market Share Analysis

7.2.4.2.         Spain Market Share Analysis

7.2.4.3.         France Market Share Analysis

7.2.4.4.         Russia Market Share Analysis

7.2.4.5.         Italy Market Share Analysis

7.2.4.6.         United Kingdom Market Share Analysis

7.2.4.7.         Belgium Market Share Analysis

7.2.4.8.         Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Agriculture Tire Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Volume & Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Vehicle Type Market Share Analysis

7.3.1.2.2.             By Tire Type Market Share Analysis

7.3.1.2.3.             By Demand Category Market Share Analysis

7.3.2.     Spain Agriculture Tire Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Volume & Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Vehicle Type Market Share Analysis

7.3.2.2.2.             By Tire Type Market Share Analysis

7.3.2.2.3.             By Demand Category Market Share Analysis

7.3.3.     France Agriculture Tire Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Volume & Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Vehicle Type Market Share Analysis

7.3.3.2.2.             By Tire Type Market Share Analysis

7.3.3.2.3.             By Demand Category Market Share Analysis

7.3.4.     Russia Agriculture Tire Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Volume & Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Vehicle Type Market Share Analysis

7.3.4.2.2.             By Tire Type Market Share Analysis

7.3.4.2.3.             By Demand Category Market Share Analysis

7.3.5.     Italy Agriculture Tire Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Volume & Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Vehicle Type Market Share Analysis

7.3.5.2.2.             By Tire Type Market Share Analysis

7.3.5.2.3.             By Demand Category Market Share Analysis

7.3.6.     United Kingdom Agriculture Tire Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Volume & Value

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Vehicle Type Market Share Analysis

7.3.6.2.2.             By Tire Type Market Share Analysis

7.3.6.2.3.             By Demand Category Market Share Analysis

7.3.7.     Belgium Agriculture Tire Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Volume & Value

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Vehicle Type Market Share Analysis

7.3.7.2.2.             By Tire Type Market Share Analysis

7.3.7.2.3.             By Demand Category Market Share Analysis

8.    North America Agriculture Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type Market Share Analysis

8.2.2.     By Tire Type Market Share Analysis

8.2.3.     By Demand Category Market Share Analysis

8.2.4.     By Country Market Share Analysis

8.2.4.1.         United States Market Share Analysis

8.2.4.2.         Canada Market Share Analysis

8.2.4.3.         Mexico Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.     United States Agriculture Tire Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Volume & Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Vehicle Type Market Share Analysis

8.3.1.2.2.             By Tire Type Market Share Analysis

8.3.1.2.3.             By Demand Category Market Share Analysis

8.3.2.     Mexico Agriculture Tire Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Volume & Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Vehicle Type Market Share Analysis

8.3.2.2.2.             By Tire Type Market Share Analysis

8.3.2.2.3.             By Demand Category Market Share Analysis

8.3.3.     Canada Agriculture Tire Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Volume & Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Vehicle Type Market Share Analysis

8.3.3.2.2.             By Tire Type Market Share Analysis

8.3.3.2.3.             By Demand Category Market Share Analysis

9.    South America Agriculture Tire Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume & Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type Market Share Analysis

9.2.2.     By Tire Type Market Share Analysis

9.2.3.     By Demand Category Market Share Analysis

9.2.4.     By Country Market Share Analysis

9.2.4.1.         Brazil Market Share Analysis

9.2.4.2.         Colombia Market Share Analysis

9.2.4.3.         Argentina Market Share Analysis

9.2.4.4.         Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.     Brazil Agriculture Tire Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Volume & Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type Market Share Analysis

9.3.1.2.2.             By Tire Type Market Share Analysis

9.3.1.2.3.             By Demand Category Market Share Analysis

9.3.2.     Colombia Agriculture Tire Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Volume & Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type Market Share Analysis

9.3.2.2.2.             By Tire Type Market Share Analysis

9.3.2.2.3.             By Demand Category Market Share Analysis

9.3.3.     Argentina Agriculture Tire Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Volume & Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type Market Share Analysis

9.3.3.2.2.             By Tire Type Market Share Analysis

9.3.3.2.3.             By Demand Category Market Share Analysis

10.  Middle East & Africa Agriculture Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume & Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type Market Share Analysis

10.2.2.  By Tire Type Market Share Analysis

10.2.3.  By Demand Category Market Share Analysis

10.2.4.  By Country Market Share Analysis

10.2.4.1.      Turkey Market Share Analysis

10.2.4.2.      Iran Market Share Analysis

10.2.4.3.      Saudi Arabia Market Share Analysis

10.2.4.4.      UAE Market Share Analysis

10.2.4.5.      Rest of Middle East & Africa Market Share Analysis

10.3.              Middle East & Africa: Country Analysis

10.3.1.  Turkey Agriculture Tire Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Volume & Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Vehicle Type Market Share Analysis

10.3.1.2.2.           By Tire Type Market Share Analysis

10.3.1.2.3.           By Demand Category Market Share Analysis

10.3.2.  Iran Agriculture Tire Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Volume & Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Vehicle Type Market Share Analysis

10.3.2.2.2.           By Tire Type Market Share Analysis

10.3.2.2.3.           By Demand Category Market Share Analysis

10.3.3.  Saudi Arabia Agriculture Tire Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Volume & Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Vehicle Type Market Share Analysis

10.3.3.2.2.           By Tire Type Market Share Analysis

10.3.3.2.3.           By Demand Category Market Share Analysis

10.3.4.  UAE Agriculture Tire Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Volume & Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Vehicle Type Market Share Analysis

10.3.4.2.2.           By Tire Type Market Share Analysis

10.3.4.2.3.           By Demand Category Market Share Analysis  

11.  SWOT Analysis

11.1.              Strength

11.2.              Weakness

11.3.              Opportunities

11.4.              Threats

12.  Market Dynamics

12.1.              Market Drivers

12.2.              Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.              Company Profiles (Up to 10 Major Companies)

14.1.1.  Titan International Inc.

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Recent Developments

14.1.1.4.      Key Management Personnel

14.1.2.  Balakrishna Industries Limited

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Recent Developments

14.1.2.4.      Key Management Personnel

14.1.3.  Continental AG

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Recent Developments

14.1.3.4.      Key Management Personnel

14.1.4.  Bridgestone Corp.

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Recent Developments

14.1.4.4.      Key Management Personnel

14.1.5.  Michelin Group

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Recent Developments

14.1.5.4.      Key Management Personnel

14.1.6.  Nokian Tyres PLC

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Recent Developments

14.1.6.4.      Key Management Personnel

14.1.7.  Pirelli & C S.p.A

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Recent Developments

14.1.7.4.      Key Management Personnel

14.1.8.  Apollo Tyres

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Recent Developments

14.1.8.4.      Key Management Personnel

14.1.9.  Trelleborg AB

14.1.9.1.      Company Details

14.1.9.2.      Key Product Offered

14.1.9.3.      Recent Developments

14.1.10.                Magna Tyres

14.1.10.1.    Company Details

14.1.10.2.    Key Product Offered

14.1.10.3.    Recent Developments

14.1.10.4.    Key Management Personnel

15.  Strategic Recommendations

15.1.              Key Focus Areas

15.1.1.  Target Regions & Countries

15.1.2.  Target Vehicle Type

15.1.3.  Target Tire Type

15.1.4. Target Demand Category

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Agriculture Tire Market was estimated to be USD 7 billion in 2022.

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The tractor segment holds the largest share in the global agriculture tire market. This dominance can be attributed to the indispensable role tractors play in farming operations worldwide. These versatile machines are not only responsible for tasks like tilling, ploughing, and planting seeds, but they are also instrumental in pulling other farm machinery, making them vital for farmers. The continuous high demand for tractors leads to a corresponding surge in the demand for tractor tires, thereby driving the growth of this segment in the agricultural tire market.

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The Asia-Pacific region dominates the global agricultural tire market with its largest share. This is primarily attributed to the extensive agricultural activities witnessed in countries like China and India. These populous nations boast vast rural populations and expansive arable land areas, leading to a substantial demand for agricultural machinery, including tractors and harvesters.

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The mechanization of farming practices has increased the demand for specialized tires that provide durability and traction across different terrains. With the growing global population and the need for increased food production, reliable tires that support enhanced productivity are crucial. Technological advancements in tire design, such as improved tread patterns and smart tire technology, are driving market growth by offering improved efficiency and performance in modern agriculture.

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Srishti Verma

Business Consultant
Press Release

Global Agriculture Tire Market to be Led by Tractors through 2028

Oct, 2023

he mechanization of farming practices has increased the demand for specialized tires that provide durability and traction across different terrains. With the growing global population and the need fo