|
市場調査レポート
商品コード
1541689
農業用タイヤ市場レポート：製品・用途・流通・地域別、2024～2032年Agricultural Tires Market Report by Product (Bias Tires, Radial Tires), Application (Tractors, Harvesters, Forestry, Irrigation, Trailers, and Others), Distribution (OEM, Aftermarket), and Region 2024-2032 |
||||||
カスタマイズ可能
|
|||||||
| 農業用タイヤ市場レポート：製品・用途・流通・地域別、2024～2032年 |
|
出版日: 2024年08月10日
発行: IMARC
ページ情報: 英文 147 Pages
納期: 2～3営業日
|
- 全表示
- 概要
- 図表
- 目次
世界の農業用タイヤ市場規模は2023年に80億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに119億米ドルに達し、2024～2032年の間に4.4％の成長率（CAGR）を示すと予測しています。食料需要の増加、タイヤ技術における新たな技術進歩、農業セクターの近代化と機械化を促進するための有利な政府政策の実施は、市場を推進している主要要因の一部です。
農業用タイヤ市場分析
主要市場促進要因：農業セクターの拡大と農業における生産性向上のニーズの高まりは、農業用タイヤ市場の成長を促進する主要要因のひとつです。これに加えて、食糧安全保障への注目の高まりも市場成長を促進すると予想されます。
主要市場動向：ラジアルタイヤの開発、トラクション向上のためのトレッド設計の改良、耐久性の向上、モノのインターネット（IoT）とタイヤモニタリングのためのセンサー技術の統合などの技術革新は、農業用タイヤ市場の需要を促進する重要な動向の一部です。
地理的動向：IMARCの農業用タイヤ市場レポートによると、北米が市場をリードしており、これは肥沃な土壌が広く利用可能で、農業部門が拡大していることが要因となっています。これに加え、広大な農地が作物栽培や畜産に利用されているため、高品質の農業用タイヤへの需要が市場の成長を後押ししています。
競合情勢：世界の農業用タイヤ市場における主要企業には、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）などがあります。
課題と機会：市場は、原材料価格の変動や、ますます変化する農業技術など、数多くの課題に直面しています。しかし、農業用タイヤ市場調査報告書によると、サステイナブルタイヤソリューションの研究開発や先端技術の統合が進んでいることから、市場には機会も生じています。
農業用タイヤ市場動向
食品需要の増加と熟練労働者の不足
人口の増加、可処分所得の増加、生活水準の向上により、食糧需要が増加しています。その結果、農業従事者は消費者の需要増に対応するためにトラクターなどの重機を使用するようになり、農業用タイヤ市場の成長にプラスの影響を与えています。あるデータレポートによると、2050年の世界の食糧需要を満たすためには、農業生産は世界中で48.6％増加しなければならないです。これに加えて、1ヘクタール当たりの耕地面積の減少や熟練労働者の不足も、効率的な農作業のための農業機械の採用を後押ししています。さらに、急速な都市化に伴い、都市部には多くの雇用機会があり、農村世帯の移住を誘引しています。こうした変化は、各地で農業労働力の不足を招いています。例えば、インド経済モニタリングセンター（CMIE）の調査によると、インドでは農業就業者数が2022年の1億5,820万人から2023年には1億4,790万人に減少します。インド食料農業評議会は、2050年までに農業従事者の割合が25.7％減少すると予測しています。このような状況により、農作業にかかるコストは上昇し、農業従事者は効率的な農業用タイヤや農業用機械を利用するようになっています。
タイヤ産業における新たな技術の進歩
タイヤ技術の開発が進むにつれ、農業経営の効率、生産性、持続可能性が向上しています。これに加えて、タイヤの空気圧とトレッドの摩耗をリアルタイムで監視し、タイヤの性能を最適化して寿命を延ばし、最終的には運用コストを削減し、土壌の圧縮を最小限に抑えて作物の収量を向上させる精密農業技術の統合が、市場の成長に大きく寄与しています。様々な主要メーカーが、作物の生産量を増やし、その品質を高めるために、技術的に進歩したタイヤを提供しています。例えば、インドのタイヤメーカーCEAT Specialtyは、大型の自走式噴霧器用に設計された噴霧器用タイヤSPRAYMAXを提供しており、標準的なラジアルタイヤよりも40%多くの荷重をかけられるように設計されています。さらに、土壌や作物へのダメージを最小限に抑えるため、ショルダーが丸みを帯びています。これに加えて、Viratシリーズと呼ばれる次世代農業用タイヤのポートフォリオが、2022年5月にインドのApollo Tiresによって発売されました。これらのタイヤは「業界最高のトラクション」を持ち、農業や運搬部門で使用される車両に高レベルの性能を提供する独自の設計を特徴としています。こうした技術革新は、農業用タイヤ市場の展望にプラスの影響を与えると予想されます。
有利な政府政策の実施
各国の政府当局は、農業セクターを支援・維持するためのイニシアチブをとり、政策を実施しています。これに加えて、農業活動にインセンティブを与え、農業従事者の財政負担を軽減するための補助金、税制優遇措置、助成金など、いくつかの政策の採用が市場の成長を増大させています。例えば、インド政府は「農業のマクロ管理スキーム」を実施し、35 PTO HPまでのトラクターに25％の補助金を支給しています。同時に、カナダ政府は「カナダ農業ローン法」を導入し、農業従事者に土地やトラクターを購入する際に最高50万米ドルのローンを提供しています。これに伴い、関係規制当局も機械オペレーターの研修プログラムに力を入れています。例えば、2022年3月、カナダ政府はイノベーティブソリューションズ・カナダ（ISC）プログラムの下、6つの企業に86万米ドルを超える投資を行った。このイニシアティブは、農業部門の課題に対処するための斬新なソリューション、製品、技術を開発する機会をイノベーターに提供し、農業部門の繁栄と競合の激化をもたらします。このような取り組みにより、今後数年間は農業用タイヤ市場のシェアが拡大すると予測されます。
目次
第1章 序文
第2章 調査範囲と調査手法
- 調査の目的
- ステークホルダー
- データソース
- 一次情報
- 二次情報
- 市場推定
- ボトムアップアプローチ
- トップダウンアプローチ
- 調査手法
第3章 エグゼクティブサマリー
第4章 イントロダクション
- 概要
- 主要業界動向
第5章 世界の農業用タイヤ市場
- 市場概要
- 市場実績
- COVID-19の影響
- 市場予測
第6章 市場内訳：製品別
- バイアスタイヤ
- ラジアルタイヤ
第7章 市場内訳：用途別
- トラクター
- 収穫機
- 林業
- 灌漑
- トレーラー
- その他
第8章 市場内訳：流通別
- メーカー
- アフターマーケット
第9章 市場内訳：地域別
- 北米
- 米国
- カナダ
- アジア太平洋
- 中国
- 日本
- インド
- 韓国
- オーストラリア
- インドネシア
- その他
- 欧州
- ドイツ
- フランス
- 英国
- イタリア
- スペイン
- ロシア
- その他
- ラテンアメリカ
- ブラジル
- メキシコ
- その他
- 中東・アフリカ
- 市場動向
- 市場内訳：国別
- 市場予測
第10章 SWOT分析
- 概要
- 強み
- 弱み
- 機会
- 脅威
第11章 バリューチェーン分析
第12章 ポーターのファイブフォース分析
- 概要
- 買い手の交渉力
- 供給企業の交渉力
- 競合の程度
- 新規参入業者の脅威
- 代替品の脅威
第13章 価格分析
第14章 競合情勢
- 市場構造
- 主要企業
- 主要企業のプロファイル
- 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）
List of Figures
- Figure 1: Global: Agricultural Tires Market: Major Drivers and Challenges
- Figure 2: Global: Agricultural Tires Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Agricultural Tires Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Agricultural Tires Market: Breakup by Product (in %), 2023
- Figure 5: Global: Agricultural Tires Market: Breakup by Application (in %), 2023
- Figure 6: Global: Agricultural Tires Market: Breakup by Distribution (in %), 2023
- Figure 7: Global: Agricultural Tires Market: Breakup by Region (in %), 2023
- Figure 8: Global: Agricultural Tires (Bias Tires) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Agricultural Tires (Bias Tires) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Agricultural Tires (Radial Tires) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Agricultural Tires (Radial Tires) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Agricultural Tires (Tractors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Agricultural Tires (Tractors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Agricultural Tires (Harvesters) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Agricultural Tires (Harvesters) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Agricultural Tires (Forestry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Agricultural Tires (Forestry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Agricultural Tires (Irrigation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Agricultural Tires (Irrigation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Agricultural Tires (Trailers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Agricultural Tires (Trailers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Agricultural Tires (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Agricultural Tires (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Agricultural Tires (OEM) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Agricultural Tires (OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Agricultural Tires (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Agricultural Tires (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia-Pacific: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia-Pacific: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Agricultural Tires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Agricultural Tires Market: Breakup by Country (in %), 2023
- Figure 76: Middle East and Africa: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2024-2032
- 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, 2023 and 2032
- Table 2: Global: Agricultural Tires Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: Agricultural Tires Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Agricultural Tires Market Forecast: Breakup by Distribution (in Million US$), 2024-2032
- Table 5: Global: Agricultural Tires Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Agricultural Tires Market: Competitive Structure
- Table 7: Global: Agricultural Tires Market: Key Players
The global agricultural tires market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032. The rising food demand, the emerging technological advancements in tire technology, and the implementation of favorable government policies to promote modernization and mechanization in the agriculture sector are some of the major factors propelling the market.
Agricultural Tires Market Analysis:
Major Market Drivers: The expanding agricultural sector and the increasing need for enhanced productivity in agriculture are some of the key drivers propelling the agricultural tire market growth. In addition to this, the rising focus on food security is expected to propel the market growth.
Key Market Trends: Innovations, such as the development of radial tires, improved tread designs for better traction, enhanced durability, and the integration of the Internet of Things (IoT) and sensor technologies for tire monitoring are some of the significant trends driving the agricultural tires market demand.
Geographical Trends: According to the agricultural tires market report by IMARC, North America leads the market, driven by the wide availability of fertile soil and an expansive agricultural sector. In addition to this, with vast tracts of farmland dedicated to crop cultivation and livestock farming, the demand for high-quality agricultural tires is augmenting the market growth.
Competitive Landscape: Some of the leading 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., 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), among many others.
Challenges and Opportunities: The market faces numerous challenges, such as fluctuating raw material prices and increasingly changing farm technologies. However, according to the agricultural tires market research report, the market also encounters opportunities on account of the rising development of sustainable tire solutions and the integration of advanced technologies.
Agricultural Tires Market Trends:
Rising Food Demand and Low Availability of Skilled Labor
The growing population, inflating disposable incomes, and elevating standards of living have resulted in the increasing food demand. As a result, farmers are using tractors and other heavy machinery to meet the rising demand of consumers which is positively influencing the agricultural tires market growth. According to a data report, in order to meet the global food demand in 2050, agricultural production has to increase by 48.6 percent worldwide. Besides this, declining per hectare area of arable land and low availability of skilled labor are also bolstering the adoption of agricultural machinery for efficient farming operations. Moreover, with rapid urbanization, urban areas offer a plethora of job opportunities, enticing rural households to migrate. This shift has resulted in a shortage of farm labor in various regions. For instance, according to a survey by the Centre for Monitoring Indian Economy (CMIE), India witnessed a drop in the number of people employed in agriculture from 158.2 million in 2022 to 147.9 million in 2023. Looking ahead, the Indian Council of Food and Agriculture anticipates a 25.7% decline in the percentage of agriculture workers in India by 2050. This reliance, in turn, is resulting in an increasing cost of farm labor, prompting farmers to increasingly turn to efficient agricultural tires and machines.
Emerging Technological Advancements in Tire Industry
The ongoing developments in tire technology are improving the efficiency, productivity, and sustainability of agricultural operations. In addition to this, the integration of precision farming technologies that allow for real-time monitoring of tire pressure and tread wear, optimizing tire performance and extending their lifespan, eventually reducing the operational costs and minimizing soil compaction, leading to improved crop yields, is significantly contributing to the market growth. Various key manufacturers are offering technologically advanced tires to increase crop production and enhance its quality. For instance, CEAT Specialty, a tire manufacturer company in India, offers sprayer tires - SPRAYMAX, which are designed for larger self-propelled sprayers and are engineered to carry 40% more load than a standard radial. Moreover, it has rounded shoulders to minimize soil and crop damage. In addition to this, a portfolio of next-generation agricultural tires called the Virat range was launched in May 2022, by Apollo Tires in India. These tires are stated to have "industry-best traction" and feature a unique design to deliver a high level of performance to vehicles used within the agricultural and haulage sectors. Such innovations are anticipated to positively impact the agricultural tires market outlook.
Implementation of Favorable Government Policies
Government authorities of various nations are taking initiatives and implementing policies to support and sustain the agricultural sector. In addition to this, the introduction of several policies, including subsidies, tax incentives, and grants to incentivize agricultural activities and alleviate financial burdens on farmers is augmenting the market growth. For instance, the Indian government implemented the 'Macro-Management Scheme of Agriculture,' which provides a 25% subsidy on tractors up to 35 PTO HP. At the same time, the Canadian government introduced the 'Canadian Agricultural Loans Act,' which offers farmers a loan of up to US$ 500,000 while purchasing land or a tractor. In line with this, concerned regulatory authorities are also focusing on training programs for machinery operators. For instance, in March 2022, the Government of Canada made an investment of over US$ 860,000 in six businesses under the Innovative Solutions Canada (ISC) program. The initiative offers innovators the opportunity to develop their novel solutions, products, and technologies to address challenges in the agriculture sector, resulting in a more prosperous and competitive sector. Such initiatives are projected to propel the agricultural tires market share in the coming years.
Agricultural Tires Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global agricultural tires market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, application, and distribution.
Breakup by Product:
Bias Tires
Radial Tires
Bias tires represent the most used product
The report has provided a detailed breakup and analysis of the market based on the product. This includes bias tires and radial tires. According to the report, bias tires accounted for the largest market share.
Bias tires are known for their robust construction and durability and are specifically designed to withstand the rugged terrain and harsh conditions commonly encountered in agriculture. Their sturdy build ensures a longer lifespan compared to other tire types, reducing the need for frequent replacements and ultimately saving farmers time and money. Moreover, ongoing advancements in bias tires are creating a positive outlook for the overall market. For instance, in March 2024, Bridgestone Americas (Bridgestone) introduced an improved Regency Plus bias tire portfolio for Firestone Ag. With extensive, cost-effective options for a variety of applications, including fronts and implements, plus solutions for utility, light construction, and lawn and garden equipment, the Regency Plus bias tire will help farmers enhance their crop yield.
Breakup by Application:
Tractors
Harvesters
Forestry
Irrigation
Trailers
Others
Tractors hold the largest share of the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes tractors, harvesters, forestry, irrigation, trailers, and others. According to the report, tractors accounted for the largest market share.
Tractors are the workhorses of modern agriculture, indispensable for various farming activities such as plowing, tilling, planting, and harvesting. They are versatile machines capable of performing various tasks. Both small-scale and large-scale farmers rely heavily on tractors to improve efficiency and productivity on their farms. As a result, various manufacturers are increasingly launching tractors with advanced tire technologies. For instance, in October 2023, International Tractors Limited (ITL) launched three new series of Solis tractors for the global market. This includes a new SV Solis electric tractor that can be charged from 0-100% in 3-3.5 hours. The new launches are spread across the N series, designed for narrow farm use such as orchards and vineyards, C series with Stage-V series engine designed for robustness, S series with powerful 10hp-125hp outputs for tougher farm applications, SV series as zero-emission solutions and H series with Hydrostatic Automatic Transmission (HAT) for more comfort and ease of use.
Breakup by Distribution:
OEM
Aftermarket
Aftermarket presently accounts for the largest market share
A detailed breakup and analysis of the market based on the distribution has also been provided in the report. This includes OEM, and aftermarket. According to the report, aftermarket accounted for the largest market share.
The rising demand for the replacement of tires by farmers on account of the expansion of agricultural activities across the globe is augmenting the growth of the aftermarket segment. In addition, aftermarket tires can be tailored to suit various agricultural applications, be it for tractors, harvesters, or other specialized machinery. This customization resonates with customers seeking durability and performance tailored to their unique operational requirements.
Breakup by Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance in the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest agricultural tires market share.
The North America region is driven by the availability of fertile soils and an expansive agricultural sector. Moreover, a robust economy supports investments in the agricultural sector, leading to increased demand for equipment and tires in the region. In addition to this, elevated farm consolidation and greater government support through subsidies are driving sales of high-capacity agricultural machinery and equipment. According to the Association of Equipment Manufacturers (AEM), the total number of tractors and combines sold in 2021 in North America was 360,000 units. That year, there was a sales increase of over 10% in nearly every segment of agricultural tractors and combines in the United States and Canada. Furthermore, the US-based agricultural machinery giant John Deere began enhancing the AI-based innovation process in tractors by acquiring an AI start-up, Blue River Technology. Such innovations are expected to drive the demand for technologically advanced tractors in the long term.
Leading Key Players in the Agricultural Tires Industry:
The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the 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.
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)
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Global Agricultural Tires Market News:
April 2024: Hercules Tire and Rubber Company (HTR), a subsidiary of American Tire Distributors (ATD), introduced the all-new AG-TRAC F-2, a robust tire designed for optimal performance on multiple farm surfaces. This tire is offered in two key 16" sizes for 2WD Front Tractor wheel positions, providing the flotation, durability, and steering response needed for smooth operation in various agricultural settings.
March 2024: Bridgestone Americas (Bridgestone) introduced an improved Regency Plus bias tire portfolio for Firestone Ag. With extensive, cost-effective options for a variety of applications, including fronts and implements, plus solutions for utility, light construction, and lawn and garden equipment, the Regency Plus bias tire will help farmers enhance their crop yield.
May 2023: Yokohama Off-Highway Tires (YOHT) announced the launch of AGRI STAR II R - I, a technologically advanced agricultural tire in India. AGRI STAR II R-I is a radial tire that comes with a unique 'Stratified Layer Technology' (SLT), which is designed to meet the growing needs of today's tractor owners.
Key Questions Answered in This Report
- 1. What was the size of the global agricultural tires market in 2023?
- 2. What is the expected growth rate of the global agricultural tires market during 2024-2032?
- 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?
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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. (RPG Group)
- 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
- 14.3.1 Apollo Tyres Limited
