Agriculture Tire Market Overview

The Agriculture Tire Market research is based on forecasts from major organizations as well as market statistics. The Agriculture Tire analysis at global, regional and national market levels has been provided in the report with the competitive scenario for predicted periods and individual firm valuations. 

Agriculture Tire Market was valued at US$ 8.34 Bn. in 2022 and expected to grow at a CAGR of 5.51% during the forecast period 2023-2029, thanks to the growing trend of agricultural vehicle use, which has boosted demand for agriculture tires.

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Agriculture Tire Market Segmentation

by Tire Type

Radial tire
Bias tire

Based on Tire Type Segmentation: The agricultural tire market is divided into two segments: bias and radial tires. Of these, bias tires account for the majority of the market. A bias tire that is more load-bearing than a radial tire is built upon a foundation of layers of cloth arranged diagonally. The countries with a higher population, such as China and India, are the highest consumers of agricultural equipment, so boosting the agricultural tire market. These countries' load-bearing capacities are equipped in agricultural vehicles such as tractors, trailers, sprayers, manual seeders, fruit pickers, etc. By 2027, it is anticipated that bias tire production would have reached 2900 million worldwide.

by Application

Tractor
Harvestor
Loader

Tractor, harvester, and loader are the applications that make up the application section of the agriculture tire market. In 2020, 15.6 lakh tractors will be produced worldwide, with 2.8 lakh harvesters and 1.8 lakh loaders coming in second and third, respectively. With 8.9 lakh tractors produced in 2020, India will be the world's largest tractor producer, accounting for 26% of the market. Population growth, the younger generation's interest in agriculture, government subsidies, and the convenience of farming activities itself are drawing agricultural equipment manufacturers from all over the world. so nations with large populations have a greater need for agricultural tires.

by Sales Channel

After market
OEM

Agriculture Tire Market Key Players

1. Bridgestone
2. Alliance Tire Companys
3. Birla Tires
4. Titan Tire Corporation
5. Belshina
6. Appolo Tires Ltd
7. Cooper Tires
8. Nokian Tires Group
9. CEAT
10.Triangle Group
11.Nokian tires plc
12.Giti Tires
13.Kumho Tires
14.Hankook tire
15.Fate

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Agriculture Tire Market Report Scope and Research Methodology

The main objective of this report is to identify and analyze the profiles of the leading players operating in the global Agriculture Tire market. The bottom-up approach was used to estimate the global and regional Agriculture Tire market size. The report provides historical, current, and future data on the Agriculture Tire market, based on company, segments, and regional distribution. This data was collected through exhaustive primary and secondary research.

The report also provides a detailed analysis of Agriculture Tire industry trends and developments, including market drivers, restraints, opportunities, and challenges. PESTLE, PORTER, and SWOT analyses were used by MMR to obtain accurate insights and understand the Agriculture Tire market from different perspectives.

Agriculture Tire Market Regional Insights

The regional analysis in the report provides insights into the Agriculture Tire market in different countries. The report covers the following regions:

North America: The United States, Canada, and Mexico

Europe: France, Netherlands, Switzerland, United Kingdom, Germany, Russia, Belgium, Turkey, Spain, Italy, and Rest of Europe

Asia Pacific: China, India, Japan, South Korea, Malaysia, Singapore, Thailand, Australia, Indonesia, Philippines, and Rest of Asia Pacific

Middle East and Africa: Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of Middle East and Africa

South America: Argentina, Brazil, and Rest of South America

The report provides a detailed analysis of the Agriculture Tire market in each region, including market size, growth drivers, and challenges. This information can be used by businesses to identify opportunities and challenges in different markets and make informed decisions about their international expansion strategies.

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 Key questions answered in the Agriculture Tire Market are:

• Which segment dominated the global Agriculture Tire market?
• How the Agriculture Tire market segments are expected to develop in the global market?
• Who are the major players in the industry that are expected to dominate the global Agriculture Tire market?
• How have the most successful companies in the Agriculture Tire industry planned for future growth and expansion?
• What are the Agriculture Tire emerging trends in the Agriculture Tire market?
• What was the Agriculture Tire market size in 2022?
• Which region held the largest Agriculture Tire market share in 2022?

Key Offerings:

• Market Share and Size 
• Market Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis of segments and sub-segments
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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