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Agricultural Tires Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 144 Pages
  • September 2022
  • Region: Global
  • IMARC Group
  • ID: 5656343
UP TO OFF until Dec 31st 2022
The global agricultural tires market size reached US$ 7.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 9.8 Billion by 2027, exhibiting a CAGR of 5.27% during 2021-2027. 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:

The publisher 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?
Frequently Asked Questions about the Global Agricultural Tires Market

What is the estimated value of the Global Agricultural Tires Market?

The Global Agricultural Tires Market was estimated to be valued at $7.2 Billion in 2021.

What is the growth rate of the Global Agricultural Tires Market?

The growth rate of the Global Agricultural Tires Market is 5.2%, with an estimated value of $9.8 Billion by 2027.

What is the forecasted size of the Global Agricultural Tires Market?

The Global Agricultural Tires Market is estimated to be worth $9.8 Billion by 2027.

Who are the key companies in the Global Agricultural Tires Market?

Key companies in the Global Agricultural Tires Market include 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. and TBC Corporation (Michelin).

Table of Contents

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
List of Figures
Figure 1: Global: Agricultural Tires Market: Major Drivers and Challenges
Figure 2: Global: Agricultural Tires Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Agricultural Tires Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Agricultural Tires Market: Breakup by Product (in %), 2021
Figure 5: Global: Agricultural Tires Market: Breakup by Application (in %), 2021
Figure 6: Global: Agricultural Tires Market: Breakup by Distribution (in %), 2021
Figure 7: Global: Agricultural Tires Market: Breakup by Region (in %), 2021
Figure 8: Global: Agricultural Tires (Bias Tires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Agricultural Tires (Bias Tires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Agricultural Tires (Radial Tires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Agricultural Tires (Radial Tires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Agricultural Tires (Tractors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Agricultural Tires (Tractors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Agricultural Tires (Harvesters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Agricultural Tires (Harvesters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Agricultural Tires (Forestry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Agricultural Tires (Forestry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Agricultural Tires (Irrigation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Agricultural Tires (Irrigation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Agricultural Tires (Trailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Agricultural Tires (Trailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Agricultural Tires (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Agricultural Tires (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Agricultural Tires (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Agricultural Tires (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Agricultural Tires (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Agricultural Tires (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Agricultural Tires Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Agricultural Tires Industry: SWOT Analysis
Figure 78: Global: Agricultural Tires Industry: Value Chain Analysis
Figure 79: Global: Agricultural Tires Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Agricultural Tires Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Agricultural Tires Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Agricultural Tires Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Agricultural Tires Market Forecast: Breakup by Distribution (in Million US$), 2022-2027
Table 5: Global: Agricultural Tires Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Agricultural Tires Market: Competitive Structure
Table 7: Global: Agricultural Tires Market: Key Players

Companies Mentioned

  • 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
  • Yokohama Off-Highway Tires America Inc. (Yokohama Rubber Company).

Methodology

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