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The global agriculture tire market stood at $ 4. 5 billion in 2018 and is projected to grow at a CAGR of 8.5% to reach $ 7.5 billion by 2024, on account of increasing use of machineries and equipment in the agriculture sector coupled with constant growth in the agricultural sector across the globe. Moreover, the growing demand for replacement tires on account of expanding global agriculture vehicle fleet is further expected to boost agriculture tire sales, globally.Speak directly to the analyst to clarify any post sales queries you may have.
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Years considered for this report:
- Historical Years: 2014-2019
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020–2024
Objective of the Study:
- To assess the scenario of agriculture tires across the globe.
- To analyze and forecast the global agriculture tire market size.
- To classify and forecast the global agriculture tire market based on vehicle type, region and demand category.
- To identify drivers and challenges for the global agriculture tire market.
- To identify market trends and developments in the global agriculture tire market.
- To evaluate the average selling price for agricultural tires.
- To identify and analyze the profiles of leading players involved in manufacturing and selling of agriculture tires.
Some of the major companies operating in the global agriculture tire market are Compagnie Générale des Établissements Michelin (CGEM), Titan Tire Corporation, Trelleborg AB, Balkrishna Industries Limited, Pirelli & C. S.p.A., Prometeon Tyre Group S.r.l., Bridgestone Corporation, Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Continental Aktiengesellschaft, Sumitomo Rubber Industries Ltd., etc.
In order to perform the study, primary as well as exhaustive secondary research were conducted. Initially, an exhaustive list of agriculture tire manufacturers and suppliers operating in different regions of the world was prepared. Subsequently, the analysts conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the researchers were able to include manufacturers which could not be identified due to the limitations of secondary research. The researchers analyzed product offerings, distribution channels and regional presence of all the major agriculture tire suppliers across the globe.
The researchers calculated the global agriculture tire market size by using a bottom-up technique, wherein manufacturers’ volume sales data for different vehicle types (tractors, trailers, combine harvesters and others) was recorded as well as forecast for future years. The researchers sourced these values from the industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases, Automotive Tyre Manufacturers Association, World Bank, UN Comtrade, company websites, company annual reports, white papers, investor presentations and financial reports were also studied.
Key Target Audience:
- Agriculture tire manufacturers and suppliers
- Associations, organizations, forums and alliances related to agriculture tires
- Government bodies such as regulating authorities and policy makers
- Research organizations and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as tire manufacturers, distributors and dealers, customers and policy makers. The study would allow the industry stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.
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:
Market, By Vehicle Type
- Tractors
- Trailers
- Combine Harvesters
- Others
Market, By Region
- Asia-Pacific
- Europe & CIS Countries
- North America
- South America
- Middle East & Africa
Market, By Demand Category
- Replacement
- OEM
Market, By Company
- Compagnie Générale des Établissements Michelin (CGEM)
- Titan Tire Corporation
- Trelleborg AB
- Balkrishna Industries Limited
- Pirelli & C. S.p.A.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies operating in the global agriculture tire market.
Available Customizations:
With the given market data, customization is offered according to the 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).
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Table of Contents
1. Product Overview2. Research Methodology3. Analyst View4. Voice of Customer12. Market Trends & Developments14. Strategic Recommendations
5. Global Agriculture Tire Market Outlook
6. Asia-Pacific Agriculture Tire Market Outlook
7. Europe & CIS Countries Agriculture Tire Market Outlook
8. North America Agriculture Tire Market Outlook
9. South America Agriculture Tire Market Outlook
10. Middle East & Africa (MEA) Agriculture Tire Market Outlook
11. Market Dynamics
13. Competitive Landscape
Companies Mentioned
A selection of companies mentioned in this report includes:
- Compagnie Générale des Établissements Michelin (CGEM)
- Titan Tire Corporation
- Trelleborg AB
- Balkrishna Industries Limited
- Pirelli & C. S.p.A.
- Bridgestone Corporation
- Prometeon Tyre Group S.r.l.
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Continental Aktiengesellschaft
- Sumitomo Rubber Industries, Ltd.
- Apollo Tyres Ltd.
- Hankook Tire Co. Ltd.
- Hangzhou Zhongce Rubber CO., LTD.
- Cheng Shin Rubber Ind. Co., Ltd.
- Giti Tire Pte. Ltd.
- Triangle Tyre Co. Ltd.
- MRF Limited
- JK Tyre & Industries Ltd.
- CEAT Limited