Agricultural tires are used in tractors, harvesters, sprayers, trailers and other agricultural machinery to improve traction and fuel efficiency. They provide durable performance even in harsh weather conditions and variable soil types. Adoption of farm mechanization is rising globally as it helps improve productivity by enabling timely operations and increasing acreage under cultivation.
The global Agricultural Tires Market is estimated to be valued at US$ 7061.26 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key drivers elevating the agricultural tires market is rising agricultural mechanization. Developing countries are increasingly adopting mechanized farming practices to enhance productivity and cope with shortage of farm labor. Combine harvesters, tractors and other heavy duty agricultural machinery require robust tires for withstanding heavy loads and bearing stress in fields. Agricultural tires equipped with advanced rubber compounds and tread patterns provide reliable traction, reduce soil compaction and improve fuel efficiency of farm vehicles. The trend of farm mechanization is gaining momentum especially in Asian and African countries and driving increased demand for specialized off-road and radial tires suitable for agricultural operations.
Segment Analysis
The global agricultural tires market is dominated by radial tires segment. Radial tires offer better damping and traction as compared to bias tires. They have uniform tread and provide consistent traction in fields. Due to their advantages over conventional bias tires, radial tires account for over 60% of sales in the agricultural tires market.
Key Takeaways
The Global Agricultural Tires Market Size is expected to witness high growth. The global Agricultural Tires Market is estimated to be valued at US$ 7061.26 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030.
Regional analysis
North America dominates the global agricultural tires market and is expected to continue its dominance during the forecast period. The growth in North America can be attributed to the presence of large agricultural farms and increasing mechanization in the agriculture sector. Europe is second largest market for agricultural tires globally. Countries such as Germany, France, UK are major contributors to the European agricultural tires market. Asia Pacific is expected to be the fastest growing market during the forecast period. Increasing number of tractors and harvesters in countries such as India and China is driving the demand for agricultural tires in the region.
Key players
Key players operating in the agricultural tires market are Michelin, Bridgestone, Titan International, Pirelli, Trelleborg, AGT, BKT, Sumitomo, Continental, and Mitas.
Michelin is the global leader in the agricultural tires market. It offers different types of radial and bias agricultural tires for tractors and harvesters. Bridgestone is also a major player with robust distribution network across major agricultural markets.
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The global Agricultural Tires Market is predicted to register a significant CAGR of 5% from 2020 to 2026 (forecast period).
The global agricultural tires market is anticipated to grow moderately during the forecast period, owing to rising demand for automation in farming activities and growing mechanization in agriculture.
These come in various sizes and diameters and are suitable for a wide range of equipment, including tractors, trailers, combine harvesters, sprayers, and skid steer loaders.
They have large ribs and voids for traction in soft terrain.
Tires, on the other hand, are harmful to the environment because they are not biodegradable.
Tractors now perform a variety of tasks such as irrigation, harvesting, and fertilizer spreader, necessitating the use of more specialized tires with larger rim sizes, which are more expensive.
The research study of Global Agricultural Tractor Tires Market 2018-2023 offers a strategic valuation of this Industry.
It enhances the top executive level key decision making capabilities by providing In-depth analysis comprising key market players, market forecasts, supply, demand, profit, latest market trends and production information.Ask for Report Brochure @ http://orbisresearch.com/contacts/request-sample/2115597The report contains qualitative and numerical valuation by top industry analysts in this industry, first-hand data along with their most recent verbatim and each industry manufacturers via the market value chain.
The industry report focuses on the growth opportunities, which will help the Agricultural Tractor Tires Market to expand operations in the existing markets globally.The global Agricultural Tractor Tires Market report has been strategically curated to fulfil the needs of the customer through in-depth analysis of the Agricultural Tractor Tires Market that can assist the customer in gaining actionable insights regarding the Agricultural Tractor Tires Market.Key questions answered by this report include:Worldwide and Regional Market Size of Agricultural Tractor Tires 2013-2017, and development forecast 2018-2023Main manufacturers/suppliers of Agricultural Tractor Tires worldwide, with company and product introduction, position in the Agricultural Tractor Tires marketMarket status and development trend of Agricultural Tractor Tires by types and applicationsCost and profit status of Agricultural Tractor Tires, and marketing statusMarket growth drivers and challengesThe report segments the global Agricultural Tractor Tires Market as:Global Agricultural Tractor Tires Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2013-2023):North AmericaEuropeChinaJapanRest APACLatin AmericaGlobal Agricultural Tractor Tires Market: Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2013-2023):Small-Size TiresLarge-Size TiresGlobal Agricultural Tractor Tires Market: Application Segment Analysis (Consumption Volume and Market Share 2013-2023; Downstream Customers and Market Analysis)PlainsPlateau Mountainous RegionOtherGlobal Agricultural Tractor Tires Market: Manufacturers Segment Analysis (Company and Product introduction, Agricultural Tractor Tires Sales Volume, Revenue, Price and Gross Margin):BridgestoneMichelinTitan InternationalATG TiresCEATMitasIn a word, the report provides detailed statistics and analysis on the state of the industry; and is a valuable source of guidance and direction for companies and individuals interested in the market.Purchase a single user copy @ http://orbisresearch.com/contacts/enquiry-before-buying/2115597Major points from Table of Contents:Chapter One: Overview of Agricultural Tractor Tires1.1 Definition of Agricultural Tractor Tires in This Report1.2 Commercial Types of Agricultural Tractor Tires1.3 Downstream Application of Agricultural Tractor Tires1.4 Development History of Agricultural Tractor Tires1.5 Market Status and Trend of Agricultural Tractor Tires 2013-2023Chapter Two: Global Market Status and Forecast by Regions1 Market Development of Agricultural Tractor Tires 2013-20172 Production Market of Agricultural Tractor Tires by Regions3 Demand Market of Agricultural Tractor Tires by Regions4 Production and Demand Status of Agricultural Tractor Tires by RegionsChapter Three: Global Market Status and Forecast by Types1 Production Volume of Agricultural Tractor Tires by Types2 Production Value of Agricultural Tractor Tires by Types3 Market Forecast of Agricultural Tractor Tires by TypesChapter Four: Global Market Status and Forecast by Downstream Industry1 Demand Volume of Agricultural Tractor Tires by Downstream Industry2 Market Forecast of Agricultural Tractor Tires by Downstream IndustryChapter Five: Market Driving Factor Analysis of Agricultural Tractor Tires1 Global Economy Situation and Trend Overview2 Agricultural Tractor Tires Downstream Industry Situation and Trend OverviewChapter Six: Agricultural Tractor Tires Market Competition Status by Major Manufacturers1 Production Volume of Agricultural Tractor Tires by Major Manufacturers2 Production Value of Agricultural Tractor Tires by Major Manufacturers3 Basic Information of Agricultural Tractor Tires by Major Manufacturers4 Market Competition News and TrendChapter Seven: Agricultural Tractor Tires Major Manufacturers Introduction and Market DataChapter Eight: Upstream and Downstream Market Analysis of Agricultural Tractor Tires1 Industry Chain of Agricultural Tractor Tires2 Upstream Market and Representative Companies Analysis3 Downstream Market and Representative Companies AnalysisChapter Nine: Cost and Gross Margin Analysis of Agricultural Tractor Tires1 Cost Structure Analysis of Agricultural Tractor Tires2 Raw Materials Cost Analysis of Agricultural Tractor Tires3 Labor Cost Analysis of Agricultural Tractor Tires4 Manufacturing Expenses Analysis of Agricultural Tractor TiresChapter Ten: Marketing Status Analysis of Agricultural Tractor Tires1 Marketing Channel2 Market Positioning3 Distributors/Traders ListChapter Eleven: Report ConclusionChapter Twelve: Research Methodology and ReferenceBrowse Full Agricultural Tractor Tires Market Report @ http://orbisresearch.com/reports/index/agricultural-tractor-tires-global-market-status-and-trend-report-2013-2023List Of Tables:Table Advantage and Disadvantage of Small-Size TiresTable Advantage and Disadvantage of Large-Size TiresTable Production Volume of Agricultural Tractor Tires by Regions 2013-2017Table Production Value of Agricultural Tractor Tires by Regions 2013-2017Table Demand Volume of Agricultural Tractor Tires by Regions 2013-2017Table Production and Demand Status of Agricultural Tractor Tires in Region One 2013-2017Table Production and Demand Status of Agricultural Tractor Tires in Region Two 2013-2017Table Production and Demand Status of Agricultural Tractor Tires in Region Three 2013-2017Table Production and Demand Status of Agricultural Tractor Tires in Region Four 2013-2017Table Import Volume of Agricultural Tractor Tires by Regions 2013-2017Table Export Volume of Agricultural Tractor Tires by Regions 2013-2017Table Production Volume of Agricultural Tractor Tires by Types 2013-2017Table Production Value of Agricultural Tractor Tires by Types 2013-2017Table Production Volume Forecast of Agricultural Tractor Tires by Types 2018-2023Table Production Value Forecast of Agricultural Tractor Tires by Types 2018-2023Table Demand Volume of Agricultural Tractor Tires by Downstream Industry 2013-2017Table Demand Volume Forecast of Agricultural Tractor Tires by Downstream Industry 2018-2023Table Production Volume of Agricultural Tractor Tires by Major Manufacturers 2013-2017Table Production Value of Agricultural Tractor Tires by Major Manufacturers 2013-2017Table Headquarters Location and Established Time of Agricultural Tractor Tires Major ManufacturerTable Employees and Revenue Level of Agricultural Tractor Tires Major ManufacturerAbout Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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