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PUBLISHER: Grand View Research | PRODUCT CODE: 1268633
PUBLISHER: Grand View Research | PRODUCT CODE: 1268633
Farm Tire Market Size, Share & Trends Analysis Report By Product (Bias, Radial), By Application (Tractors, Harvesters), By Distribution (OEM, Aftermarket), By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 130 Pages
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Farm Tire Market Growth & Trends:
The global farm tire market size is expected to reach USD 11,801.4 million by 2030, registering a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for tractors and harvesters in farming activities in developed as well as developing economies is anticipated to benefit the growth of the market over the forecast period.
The demand for farm tires in agricultural vehicles is expected to witness significant growth owing to the increasing penetration of vehicles in the agricultural sector. In addition, rising awareness among farmers related to the up-gradation in automotive technology and the use of automated equipment is expected to boost the market growth.
Increasing demand for food, especially in the emerging economies of Asia Pacific, including China, India, Japan, and Thailand, is a key factor driving the global market. Furthermore, economic development, coupled with the population expansion in these economies, is likely to boost the market growth over the forecast period.
Market players are engaged in developing innovative procedures for manufacturing farm tires in order to improve the product characteristics and enable its use in several agricultural vehicles. Leading players such as Michelin have undergone technology upgrades, such as from IF/VF technology to advanced flexion technology, in order to gain a competitive edge over their competitors in the market.
Farm Tire Market Report Highlights:
- By product, bias tires are expected to witness the fastest growth in terms of revenue from 2023 to 2030 owing to the rising agriculture application on account of crosshatch construction of the tires and low cost as compared to their counterpart
- The tractors application segment dominated the market in 2022 and is expected to maintain its lead throughout the forecast period. The multipurpose nature of tractors is likely to benefit the segment growth
- The aftermarket distribution segment accounted for the largest revenue share in 2022 and is expected to be the dominant segment over the forecast period on account of the growing replacement of tires by farmers
- The farm tire market in Asia Pacific is estimated to witness the fastest growth in terms of revenue over the forecast period owing to the factors, such as increasing population, rising disposable income of the middle-class population, and rapid industrialization and urbanization
- Key market players undergo mergers and collaborations to expand their reach, thereby increasing their market share
Product Code: GVR-2-68038-707-0
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation and Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Farm Tire Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Price Trend Analysis
- 3.2.2. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market restraint analysis
- 3.6. Business Environment Analysis
- 3.6.1. Porter's Analysis
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTEL Analysis, by SWOT
- 3.6.2.1. Political Landscape
- 3.6.2.2. Environmental Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technology Landscape
- 3.6.2.5. Economic Landscape
- 3.6.2.6. Legal Landscape
- 3.6.3. Market Disruption Analysis
- 3.6.1. Porter's Analysis
Chapter 4. Farm Tire Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Market Share Analysis, 2022 - 2030
- 4.3. Bias Tire
- 4.3.1. Farm tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 4.4. Radial Tire
- 4.4.1. Farm tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 5. Farm Tire Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Market Share Analysis, 2022 - 2030
- 5.3. Tractors
- 5.3.1. Farm Tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 5.4. Harvesters
- 5.4.1. Farm Tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 5.5. Forestry
- 5.5.1. Farm Tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 5.6. Irrigation
- 5.6.1. Farm Tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 5.7. Implements
- 5.7.1. Farm Tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 5.8. Sprayers
- 5.8.1. Farm Tire market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 6. Farm Tire Market: Distribution Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Distribution Market Share Analysis, 2022 - 2030
- 6.3. OEM
- 6.3.1. Farm tire market estimates and forecasts, for OEM, 2018 - 2030 (Thousand Units) (USD Million)
- 6.4. Aftermarket
- 6.4.1. Farm tire market estimates and forecasts, for Aftermarkets, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 7. Farm Tire Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Market Share Analysis, 2022 - 2030
- 7.3. North America
- 7.3.1. North America farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.3.2. U.S.
- 7.3.2.1. U.S. farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.3.3. Canada
- 7.3.3.1. Canada farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.3.4. Mexico
- 7.3.4.1. Mexico farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4. Europe
- 7.4.1. Europe farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4.2. Germany
- 7.4.2.1. Germany farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4.3. UK
- 7.4.3.1. UK farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4.4. France
- 7.4.4.1. France farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4.5. Italy
- 7.4.5.1. Italy farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4.6. Turkey
- 7.4.6.1. Turkey farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.5.2. China
- 7.5.2.1. China farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.5.3. India
- 7.5.3.1. India farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.5.4. Japan
- 7.5.4.1. Japan farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.5.5. Australia
- 7.5.5.1. Australia farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.6. Central & South America
- 7.6.1. Central & South America farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.6.2. Brazil
- 7.6.2.1. Brazil farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.6.3. Argentina
- 7.6.3.1. Argentina farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Middle East & Africa farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 7.7.2. South Africa
- 7.7.2.1. South Africa farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 8. Farm Tire Market Supplier Intelligence
- 8.1. Kraljic Matrix
- 8.2. Engagement Model
- 8.3. Negotiation Strategies
- 8.4. Sourcing Best Practices
- 8.5. Vendor Selection Criteria
- 8.6. List of Raw Material Suppliers
- 8.7. List of End-user
Chapter 9. Competitive Landscape
- 9.1. Key Company/Competition Categorization
- 9.2. Vendor Landscape
- 9.3. Company Market Share Analysis, 2022
- 9.4. Company market positioning
- 9.5. Competitive Environment
- 9.6. Heat Map Analysis
- 9.7. List of Dealers
- 9.8. Company Listing
- 9.8.1. Balkrishna Industries Limited (BKT)
- 9.8.1.1. Company Overview
- 9.8.1.2. Financial Performance
- 9.8.1.3. Product Benchmarking
- 9.8.1.4. Strategic Initiatives
- 9.8.2. Bridgestone Corporation
- 9.8.2.1. Company Overview
- 9.8.2.2. Financial Performance
- 9.8.2.3. Product Benchmarking
- 9.8.2.4. Strategic Initiatives
- 9.8.3. Continental AG
- 9.8.3.1. Company Overview
- 9.8.3.2. Financial Performance
- 9.8.3.3. Product Benchmarking
- 9.8.3.4. Strategic Initiatives
- 9.8.4. Michelin
- 9.8.4.1. Company Overview
- 9.8.4.2. Financial Performance
- 9.8.4.3. Product Benchmarking
- 9.8.4.4. Strategic Initiatives
- 9.8.5. Sumitomo Rubber Industries, Ltd.
- 9.8.5.1. Company Overview
- 9.8.5.2. Financial Performance
- 9.8.5.3. Product Benchmarking
- 9.8.5.4. Strategic Initiatives
- 9.8.6. Titan International, Inc.
- 9.8.6.1. Company Overview
- 9.8.6.2. Financial Performance
- 9.8.6.3. Product Benchmarking
- 9.8.6.4. Strategic Initiatives
- 9.8.7. Mitas Tires Global, Inc.
- 9.8.7.1. Company Overview
- 9.8.7.2. Financial Performance
- 9.8.7.3. Product Benchmarking
- 9.8.7.4. Strategic Initiatives
- 9.8.8. TBC Corporation
- 9.8.8.1. Company Overview
- 9.8.8.2. Financial Performance
- 9.8.8.3. Product Benchmarking
- 9.8.8.4. Strategic Initiatives
- 9.8.9. Apollo Tyres Ltd.
- 9.8.9.1. Company Overview
- 9.8.9.2. Financial Performance
- 9.8.9.3. Product Benchmarking
- 9.8.9.4. Strategic Initiatives
- 9.8.10. Hankook Tire
- 9.8.10.1. Company Overview
- 9.8.10.2. Financial Performance
- 9.8.10.3. Product Benchmarking
- 9.8.10.4. Strategic Initiatives
- 9.8.11. MRF Limited
- 9.8.11.1. Company Overview
- 9.8.11.2. Financial Performance
- 9.8.11.3. Product Benchmarking
- 9.8.11.4. Strategic Initiatives
- 9.8.12. JK Tyre & Industries Ltd.
- 9.8.12.1. Company Overview
- 9.8.12.2. Financial Performance
- 9.8.12.3. Product Benchmarking
- 9.8.12.4. Strategic Initiatives
- 9.8.13. CEAT Ltd.
- 9.8.13.1. Company Overview
- 9.8.13.2. Financial Performance
- 9.8.13.3. Product Benchmarking
- 9.8.13.4. Strategic Initiatives
- 9.8.14. The Carlstar Group, LLC
- 9.8.14.1. Company Overview
- 9.8.14.2. Financial Performance
- 9.8.14.3. Product Benchmarking
- 9.8.14.4. Strategic Initiatives
- 9.8.15. Specialty Tires of America, Inc.
- 9.8.15.1. Company Overview
- 9.8.15.2. Financial Performance
- 9.8.15.3. Product Benchmarking
- 9.8.15.4. Strategic Initiatives
- 9.8.16. ATG
- 9.8.16.1. Company Overview
- 9.8.16.2. Financial Performance
- 9.8.16.3. Product Benchmarking
- 9.8.16.4. Strategic Initiatives
- 9.8.17. Trelleborg AB
- 9.8.17.1. Company Overview
- 9.8.17.2. Financial Performance
- 9.8.17.3. Product Benchmarking
- 9.8.17.4. Strategic Initiatives
- 9.8.1. Balkrishna Industries Limited (BKT)
Product Code: GVR-2-68038-707-0
List of Tables
- Table 1 Farm tire market estimates & forecast, by product, 2018 - 2030 (USD Million)
- Table 2 Farm tire market estimates & forecast, by product, 2018 - 2030 (Thousand Units)
- Table 3 Farm tire market estimates & forecast, by application, 2018 - 2030 (USD Million)
- Table 4 Farm tire market estimates & forecast, by application, 2018 - 2030 (Thousand Units)
- Table 5 Farm tire market estimates & forecast, by distribution, 2018 - 2030 (USD Million)
- Table 6 Farm tire market estimates & forecast, by distribution, 2018 - 2030 (Thousand Units)
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Primary research process
- Fig. 4 Primary research approaches
- Fig. 5 Farm Tire Market - Market segmentation & scope
- Fig. 6 Farm Tire market value chain analysis
- Fig. 7 Farm Tire market dynamics
- Fig. 8 Market driver impact analysis
- Fig. 9 Market restraint impact analysis
- Fig. 10 Farm Tire Market - Porter's five forces analysis
- Fig. 11 Farm Tire Market - PESTLE Analysis
- Fig. 12 Farm Tire Market - Product movement analysis, 2022 & 2030
- Fig. 13 Farm Tire Market: Application movement analysis, 2022 & 2030
- Fig. 14 Farm Tire Market: Distribution movement analysis, 2022 & 2030
- Fig. 15 Farm Tire Market - Regional movement analysis, 2022 & 2030
- Fig. 16 Farm Tire Market - Participants Categorization
- Fig. 17 Farm Tire Market - Competitive environment
- Fig. 18 Farm Tire Market - Heat Map Analysis
- Fig. 19 Farm Tire Market - Strategy framework
- Fig. 20 North America farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 21 U.S. farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 22 Canada farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 23 Mexico farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 24 Europe farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 25 Germany farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 26 UK farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 27 France farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 28 Italy farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 29 Turkey farm tire market estimates & forecasts, 2018 - 2030 (Million
- Fig. 30 Asia Pacific farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 31 China farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 32 India farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 33 Japan farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 34 Australia farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 35 Central & South America farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 36 Brazil farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 37 Argentina farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 38 Saudi Arabia farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- Fig. 39 South Africa farm tire market estimates & forecasts, 2018 - 2030 (Thousand Units) (USD Million)
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