The global demand for Agriculture Tire Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Agriculture tires are a type of specialty tire that is used on farm equipment and vehicles. Choosing the best agriculture tire is based on a variety of criteriaWhen selecting agriculture tires, the size of the tractor tyre, soil compaction, fuel efficiency, traction requirements, and weight of the equipment are all taken into account. Agriculture tires are used on agricultural machinery such as tractors, harvesters, trailers, and similar vehicles. These tires improve farming vehicles' fuel economy, performance, and driver comfort. The diagonal thread on these tires is slanted at 45 degrees. These are built of high-quality rubber that will last a long time and provide more excellent performance on and off the field. They have a lot of ribs and voids for traction on slick surfaces.
Market Dynamics
Due to the rising demand for farm equipment, the agricultural tire sector is growing steadily. Growing food consumption is one of the primary drivers of farming tires. Tires are critical to the performance of farming machines; hence the need for agricultural tires is growing. The agricultural tires market is expected to be driven by the rising need for automation in farming activities to bridge the demand-supply gap in agricultural output, increased adoption of modern farming technologies, and increasing demand for heavy-duty tyres over the forecast years. Growing agricultural mechanization in different regions is expected to boost the agriculture tire market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of agriculture tire. The growth and trends of agriculture tire industry provide a holistic approach to this study.
Market Segmentation
This section of the agriculture tire market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Tractors
- Harvesters
- Implements
- Irrigation
- Forestry
- Others
By Equipment Horsepower
By Tire Type
By Sales Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Agriculture Tire market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Agriculture Tire Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the agriculture tire market include MICHELIN, Titan International, Inc., Balkrishna Industries Limited (BKT), Mitas, Trelleborg AB, Sumitomo Rubber Industries Ltd., China National Rubber & Tire Co., Pirelli & C. S.p.A., Continental AG, and Bridgestone Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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