Asia Pacific Farm Tire Market Size, Share & Trends Analysis Report by Product (Radial, Bias), by Application (Tractors, Harvesters, Forestry, Irrigation, Sprayers), by End-use, and Segment Forecasts, 2020 - 2027

Report
August 2020
Region: Asia Pacific
Grand View Research
ID: 5144651

Asia Pacific Farm Tire Market Growth & Trends

The Asia Pacific farm tire market size is expected to reach USD 4.49 billion by 2027. It is anticipated to expand at a CAGR of 5.8% during the forecast period. Increasing the adoption of machinery and specialty vehicles in farm activities is expected to drive the demand for farm tires in the coming years. Moreover, growing agricultural activities in the region are likely to support market growth.

Commercial availability of the bias and radial tires along with a rise in the production of farm vehicles has provided the market with a wide scope. The automobile industry in the Asia Pacific is primarily driven by auto manufacturers located in India and China. Moreover, the introduction of specialty farm vehicles by foreign multinationals has supported product demand.

Tractors, harvesters, forestry vehicles, irrigation machinery, implements, and sprayers are the major applications of farm tires. Growing preference for agricultural activities in the region along with the introduction of tractors in varied sizes is expected to augment the demand for farm tires. Moreover, the periodic maintenance and replacement cycle of these vehicles are likely to support the demand over the forecast period.

Leading farm tire manufacturers are aiming at expanding the production capacities to meet the demand. They are also focusing on the introduction of tires of standard dimensions and custom size in light of new innovations in farm vehicles. Prominent players in the market are Balkrishna Industries Limited, Bridgestone Corporation, Continental AG, Michelin, and MRF Limited among others.

Asia Pacific Farm Tire Market Report Highlights

Radial farm tire product segment is expected to expand at the fastest CAGR of 6.1% in terms of revenue, over the forecast period on account of growing utilization in all forms of tractors and harvesters in the farm activities.
In 2019, tractor applications for farm tires accounted for a significant share of 52.1% and are anticipated to grow at a significant pace over the forecast period on account of increasing applications in agricultural activities.
In India, the revenue for farm tires in harvester application accounted for a revenue share of 19.3% in 2019 owing to the acceptance in the varied farm activities across the countries.
China was the largest market for farm tire consumption in 2019 owing to large application industries including agriculture, irrigation, constructions, and growing forest activities.
In May 2019, Apollo Tyre started its first dedicated service outlet for farm /agriculture tire in Nashik, India. The outlet is equipped with automated machinery for the service of farm tires.

This product will be delivered within 1-3 business days.

Chapter 1 Methodology & Report Scope

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 List of data sources

Chapter 2 Executive Summary

Chapter 3 Asia Pacific Farm Tire Market Variables, Trends & Scope

3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Asia Pacific Farm tire-Value chain analysis
3.4 Cost Structure Analysis
3.5 Farm tire-Technology overview
3.6 Asia Pacific Farm tire-Regulatory framework
3.7 Asia Pacific Farm tires-Market dynamics
3.7.1 Market Driver Analysis
3.7.1.1 Increasing penetration of farm vehicles in agriculture industry
3.7.2 Market restraint Analysis
3.7.2.1 Volatile raw material prices
3.7.3 Industry Challenges
3.8 Asia Pacific Farm Tire Market Analysis Tools
3.8.1 Porter’s analysis
3.8.1.1 Supplier Power
3.8.1.2 Buyer Power
3.8.1.3 Threat of Substitution
3.8.1.4 Threat of New Entrants
3.8.1.5 Competitive Rivalry
3.8.2 PESTEL analysis
3.8.2.1 Political Landscape
3.8.2.2 Environmental Landscape
3.8.2.3 Social Landscape
3.8.2.4 Technology Landscape
3.8.2.5 Economic Landscape
3.8.2.6 Legal Landscape

Chapter 4 Asia Pacific Farm Tires: Product Estimates & Trend Analysis

4.1 Definitions & Scope
4.2 Asia Pacific Farm tires market: Product movement analysis, 2019 & 2027
4.2.1 Bias Tire
4.2.1.1 Asia Pacific Bias farm tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
4.2.2 Radial tire
4.2.2.1 Asia Pacific radial farm tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)

Chapter 5 Asia Pacific Farm Tires: Application Estimates & Trend Analysis

5.1 Asia Pacific farm tire market: Application movement analysis, 2019 & 2027
5.1.1 TractorS
5.1.1.1 Asia Pacific Tractor tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
5.1.1.2 Asia Pacific Tractor tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
5.1.2 Harvesters
5.1.2.1 Asia Pacific Harvesters tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
5.1.3 Forestry
5.1.3.1 Asia Pacific Forestry Equipment tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
5.1.4 Irrigation Equipment
5.1.4.1 Asia Pacific Irrigation Equipment tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
5.1.5 Implements
5.1.5.1 Asia Pacific Implements tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)
5.1.6 Sprayers
5.1.6.1 Asia Pacific Sprayers tire market estimates and forecasts, 2016-2027 (Thousand Units) (USD Million)

Chapter 6 Asia Pacific Farm Tires: End-Use Estimates & Trend Analysis

6.1 Asia Pacific Farm tires market: End-Use movement analysis, 2019 & 2027
6.2 OEM
6.2.1 Asia Pacific farm tire market estimates and forecasts in OEM, 2016-2027 (Thousand Units) (USD Million)
6.3 Aftermarket
6.3.1 Asia Pacific farm tire market estimates and forecasts in aftermarket, 2016-2027 (Thousand Units) (USD Million)

Chapter 7 Asia Pacific Farm Tires: Regional Estimates & Trend Analysis

7.1 Market Size & Forecasts and Trend Analysis, 2019 to 2025:
7.1.1 Asia Pacific
7.1.1.1 Asia Pacific farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.2 Asia Pacific farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.3 Asia Pacific farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.4 Asia Pacific farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.5 Asia Pacific farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.6 Asia Pacific farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.7 Asia Pacific farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.8 China
7.1.1.8.1 China farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.8.2 China farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.8.3 China farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.8.4 China farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.8.5 China farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.8.6 China farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.8.7 China farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.9 India
7.1.1.9.1 India farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.9.2 India farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.9.3 India farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.9.4 India farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.9.5 India farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.9.6 India farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.9.7 India farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.10 Japan
7.1.1.10.1 Japan farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.10.2 Japan farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.10.3 Japan farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.10.4 Japan farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.10.5 Japan farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.10.6 Japan farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.10.7 Japan farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.11 Indonesia
7.1.1.11.1 Indonesia farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.11.2 Indonesia farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.11.3 Indonesia farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.11.4 Indonesia farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.11.5 Indonesia farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.11.6 Indonesia farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.11.7 Indonesia farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.12 Vietnam
7.1.1.12.1 Vietnam farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.12.2 Vietnam farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.12.3 Vietnam farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.12.4 Vietnam farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.12.5 Vietnam farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.12.6 Vietnam farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.12.7 Vietnam farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.13 Philippines
7.1.1.13.1 Philippines farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.13.2 Philippines farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.13.3 Philippines farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.13.4 Philippines farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.13.5 Philippines farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.13.6 Philippines farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.13.7 Philippines farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.14 Cambodia
7.1.1.14.1 Cambodia farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.14.2 Cambodia farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.14.3 Cambodia farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.14.4 Cambodia farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.14.5 Cambodia farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.14.6 Cambodia farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.14.7 Cambodia farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.15 Australia
7.1.1.15.1 Australia farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.15.2 Australia farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.15.3 Australia farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.15.4 Australia farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.15.5 Australia farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.15.6 Australia farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.15.7 Australia farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.16 New Zealand
7.1.1.16.1 New Zealand farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.16.2 New Zealand farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.16.3 New Zealand farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.16.4 New Zealand farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.16.5 New Zealand farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.16.6 New Zealand farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.16.7 New Zealand farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.17 Myanmar
7.1.1.17.1 Myanmar farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.17.2 Myanmar farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.17.3 Myanmar farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.17.4 Myanmar farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.17.5 Myanmar farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.17.6 Myanmar farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.17.7 Myanmar farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.18 Thailand
7.1.1.18.1 Thailand farm tire market estimates and forecasts, 2016-2027 (Thousand units) (USD Million)
7.1.1.18.2 Thailand farm tire market estimates and forecasts, by Product, 2016-2027 (Thousand units) (USD Million)
7.1.1.18.3 Thailand farm tire market estimates and forecasts, by Application, 2016-2027 (Thousand units) (USD Million)
7.1.1.18.4 Thailand farm tire market estimates and forecasts, by tractors, 2016-2027 (Thousand units) (USD Million)
7.1.1.18.5 Thailand farm tire market estimates and forecasts, by end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.18.6 Thailand farm tire market estimates and forecasts, by OEM end-use, 2016-2027 (Thousand units) (USD Million)
7.1.1.18.7 Thailand farm tire market estimates and forecasts, by aftermarket end-use, 2016-2027 (Thousand units) (USD Million)

Chapter 8 Asia Pacific Farm Tire Market-Competitive Analysis

8.1 Key players & recent developments & its impact on the industry
8.2 Key Company/Competition Categorization
8.3 Private Companies
8.3.1 List of key emerging companies and geographical presence
8.3.2 company Market Position Analysis
8.4 Public Companies
8.4.1 Company Market Position analysis
8.4.2 SWOT
8.5 Brand Power and Market Goodwill
8.6 Key Customers

Chapter 9 Company Profiles

9.1 Balkrishna Industries Limited (BKT)
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 Bridgestone Corporation
9.2.1 Company Overview
9.2.2 Financial Performance
9.2.3 Product benchmarking
9.3 Continental AG
9.3.1 Company Overview
9.3.2 Financial Performance
9.3.3 Product benchmarking
9.4 Sumitomo Rubber Industries, Ltd.
9.4.1 Company Overview
9.4.2 Financial Performance
9.4.3 Product benchmarking
9.5 Michelin
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Product benchmarking
9.5.4 Strategic initiatives
9.6 Apollo Tyres Ltd.
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Product benchmarking
9.7 MRF Limited
9.7.1 Company Overview
9.7.2 Financial Performance
9.7.3 Product benchmarking
9.8 JK TYRE & INDUSTRIES LTD.
9.8.1 Company Overview
9.8.2 Financial Performance
9.8.3 Product benchmarking
9.8.4 Strategic Initiatives
9.9 CEAT Ltd.
9.9.1 Company Overview
9.9.2 Financial Performance
9.9.3 Product benchmarking
9.10 ATG
9.10.1 Company Overview
9.10.2 Product benchmarking
9.11 Hankook Tire & Technology Co., Ltd.
9.11.1 Company Overview
9.11.2 Financial Performance
9.11.3 Product benchmarking
9.12 Mitas Tires Global, Inc.
9.12.1 Company Overview
9.12.2 Product benchmarking

Companies Mentioned

Balkrishna Industries Limited (BKT)
Bridgestone Corporation
Continental AG
Sumitomo Rubber Industries, Ltd.
Michelin
Apollo Tyres Ltd.
MRF Limited
JK TYRE & INDUSTRIES LTD.
CEAT Ltd.
ATG
Hankook Tire & Technology Co., Ltd.
Mitas Tires Global, Inc.

Methodology

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Table of Contents

Companies Mentioned

Methodology

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