Agricultural Tires Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global agricultural tires market size reached US$ 7.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Agricultural tires carry different types of farming equipment, such as tractors, combines, grain carts, field sprayers, and skid steer loaders. They offer traction, braking, steering and directional stability while resisting the abrasive action of various surfaces. They also absorb shock loads at a low level of ground pressure and cushion the vehicle against minor surface irregularities. Consequently, they help farmers maximize crop productivity and reduce the risk of power hopping and soil compaction for unparalleled performance.
At present, there is a significant rise in the demand for food across the globe on account of the continuously increasing global population. However, factors like water scarcity, rapid urbanization, unfavorable weather conditions and declining arable land are unable to meet the escalating demand. As a result, farmers are focusing on increasing productivity, which, in turn, is positively influencing the sales of agricultural tires worldwide. Additionally, the rising adoption of precision farming and advanced logistics, transportation, storage, and processing facilities are bolstering the market growth. Apart from this, governing agencies of numerous countries are investing in rural agriculture infrastructure significantly, which is contributing to the market growth. This is further promoting automation in the agriculture industry and leading to the increased adoption of upgraded farm equipment. Furthermore, the leading manufacturers are developing advanced farming tractors and off-road vehicles to improve soil conservation and the safety of products. This, along with the growing emphasis on modern, integrated agriculture practices worldwide, is anticipated to propel the need for efficient agricultural tires.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural tires market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and distribution.
Breakup by Product:
Bias Tires
Radial Tires
Breakup by Application:
Tractors
Harvesters
Forestry
Irrigation
Trailers
Others
Breakup by Distribution:
OEM
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apollo Tyres Limited, Balkrishna Industries Limited (BKT), Bridgestone Corporation, CEAT Ltd. (RPG Group), Continental AG, JK Tyre & Industries Ltd., MRF Limited, Specialty Tires of America Inc., Sumitomo Rubber Industries Ltd., TBC Corporation (Michelin), The Carlstar Group LLC, Titan International Inc., Trelleborg AB and Yokohama Off-Highway Tires America Inc. (Yokohama Rubber Company).
Key Questions Answered in This Report
1. What was the size of the global agricultural tires market in 2021?
2. What is the expected growth rate of the global agricultural tires market during 2022-2027?
3. What are the key factors driving the global agricultural tires market?
4. What has been the impact of COVID-19 on the global agricultural tires market?
5. What is the breakup of the global agricultural tires market based on the product?
6. What is the breakup of the global agricultural tires market based on the application?
7. What is the breakup of the global agricultural tires market based on the distribution?
8. What are the key regions in the global agricultural tires market?
9. Who are the key players/companies in the global agricultural tires market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Agricultural Tires Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product
- 6.1 Bias Tires
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Radial Tires
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Tractors
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Harvesters
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Forestry
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Irrigation
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Trailers
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by Distribution
- 8.1 OEM
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aftermarket
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Apollo Tyres Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Balkrishna Industries Limited (BKT)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Bridgestone Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 CEAT Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Continental AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 JK Tyre & Industries Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 MRF Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Specialty Tires of America Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sumitomo Rubber Industries Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 TBC Corporation (Michelin)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 The Carlstar Group LLC
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Titan International Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.13 Trelleborg AB
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.14 Yokohama Off-Highway Tires America Inc. (Yokohama Rubber Company)
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
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