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PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1610895

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PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1610895

Tractor Tires Market - Global Outlook & Forecast 2024-2029

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The global tractor tires market by shipments are expected to grow at a CAGR of 5.06% from 2023 to 2029.

Recent Developments in the Global Tractor Tires Market

  • Firestone Ag, a division of Bridgestone Americas, has launched a new line of premium Bridgestone tractor tires for US and Canadian markets in August 2024. These tires, designed with advanced tread and lug technology, offer enhanced durability, improved soil health, and fuel-efficient traction, delivering up to 45% more wear life. Available from September 1, 2024, the VX, VT, and VX-R TRACTOR tires cater to diverse farming needs with a 10-year limited warranty.
  • Hercules Tire and Rubber Company, a subsidiary of American Tire Distributors, launched the AG-TRAC F-2 in April 2024, a versatile tire engineered for superior performance across various agricultural surfaces. Available in two 16" sizes for 2WD front tractor wheels, this robust tire features durable construction, enhanced flotation, and excellent steering response, ensuring optimal traction and control in diverse farming environments.
  • On May 1, 2023, Trelleborg Wheel Systems announced the successful completion of its acquisition by The Yokohama Rubber Co., Ltd. for €2,074 million. The newly formed entity, Yokohama TWS, will maintain its existing organizational structure while enhancing Yokohama's position as a global leader in the off-highway tire market, complemented by Trelleborg's portfolio of brands and services.
  • On March 17, 2023, CEAT Specialty agreed with CNH Industrial to supply FARMAX agricultural radial tires for Case IH and New Holland tractors in Brazil and Argentina. This collaboration follows rigorous audits and testing, affirming CEAT's tire quality and its investment in advanced technologies, aiming for long-term partnership and enhanced agricultural productivity.
  • In 2022, Titan International Inc. and Kubota Tractor Corp. formalized an exclusivity agreement for select sizes of Titan's Trac Loader II tires, designed for compact and utility tractors. This collaboration marks Titan's inaugural OEM-branded tire offering and represents their second exclusive partnership with Kubota, following their previous association with the Goodyear brand R14T.

MARKET TRENDS & OPPORTUNITIES

Technological Advancements in Tire Manufacturing

The tire manufacturing industry is undergoing a transformative shift, driven by advancements in intelligent automation, 3D printing, and sustainable materials. Technologies like AI and IoT are enhancing efficiency, enabling real-time monitoring, and reducing operational downtime, as seen with Michelin and Bridgestone's innovations. The introduction of smart tire technologies and airless tires, such as those by SMART Tire Company, addresses critical needs in the agricultural sector, ensuring durability and sustainability. These advancements not only improve product performance but also respond to the growing demand for eco-friendly solutions in tractor tires.

Expansion of Tractor Tire Markets in Emerging Economies

The global agricultural landscape is undergoing rapid transformation, largely influenced by urbanization, mechanization, and growing food demand. A key element in this shift is the expansion of the tractor tires market, particularly in emerging economies. Rising mechanization in agriculture, with nations like India, Vietnam, and Bangladesh recording over 5% CAGR in farm mechanization from 2020 to 2023, is driving demand for high-performance tractor tires. Government support, such as India's agricultural mechanization policies and Brazil's National Rural Development Program, has further spurred tractor sales and consequently, tire demand. Additionally, rural infrastructure improvements and strategic partnerships with local manufacturers are enhancing market accessibility, positioning emerging economies as growth hubs for advanced tire technologies.

Government Support and Subsidies for Modernizing Agriculture

Government incentives and subsidies are crucial in driving agricultural modernization, spurring demand for tractors and related equipment globally. Programs like India's Sub-Mission on Agricultural Mechanization (SMAM) provide substantial financial support, raising tractor sales in 2023 creating heightened demand for tractor tires, and supporting the tractor tires industry. In North America, initiatives like the Environmental Quality Incentives Program (EQIP) encourage the adoption of modern machinery, leading to a projected 2.79% annual growth in the tractor tires market. Similarly, Europe's Common Agricultural Policy (CAP) supports farmers in upgrading to advanced equipment and pushing tractor registrations in European nations. In emerging markets like Vietnam and Nigeria, government schemes are transforming agriculture, driving demand for tractor tires as mechanization expands.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT TYPE

The global tractor tires market is broadly categorized into two types: bias and radial tires. Currently, radial tires hold a leading position and this dominance stems from several key advantages, including superior ride comfort and the ability to operate efficiently at lower air pressures. The distinctive construction of radial tires, where rubber is molded around dual steel belts along the tire's circumference, significantly boosts puncture resistance, driving up demand. Furthermore, globally, the shift towards radial tires reflects broader changes in agricultural practices, as farmers increasingly seek solutions that enhance operational efficiency and sustainability. For example, radial tires are favored not only for their improved performance but also for their capacity to reduce soil compaction, a critical factor in sustainable farming. As agriculture adopts more eco-friendly practices, the focus on reducing environmental impact is pushing manufacturers to innovate with greener materials and technologies. These advancements are particularly important in regions with stringent environmental regulations, and they are expected to drive global demand for radial tires. Leading manufacturers such as Michelin, Trelleborg, and Bridgestone have already introduced tire lines designed to meet both performance and environmental standards, underscoring the market's shift toward sustainability.

Segmentation by Product Type

  • Radial
  • Bias

INSIGHTS BY SALES CHANNEL

The global tractor tires market experiences a balanced sales distribution between Original Equipment Manufacturers (OEMs) and aftermarket channels. However, the aftermarket segment is gaining traction due to growing consumer awareness and the expansion of tire retail networks. In 2023 the aftermarket segment held the largest segmental industry share, supported by farmers' increased recognition of the importance of maintaining tire performance to prevent issues such as soil compaction and reduced crop yields.

Tires in poor condition can lead to a 10-20% reduction in crop productivity, a significant concern as global farming activities expand. This has driven a surge in demand for tire replacements, particularly in regions like North America and Europe, where farmers are increasingly focused on optimizing their operational efficiency. For instance, in 2023, the European tractor tire aftermarket grew by nearly 3%, reflecting a trend toward frequent replacements to maintain equipment efficiency. Moreover, the emphasis on sustainable agricultural practices has led farmers to invest more in premium, eco-friendly tire solutions. Up to 30% of soil degradation can be linked to improper tire pressure or low-quality tires, which is prompting regulatory bodies to push for stricter standards in agricultural equipment. Manufacturers are responding by developing tires with improved fuel efficiency, lower emissions, and longer lifespans, further driving the growth of the aftermarket sector.

Segmentation by Sales Channel

  • OEMs
  • Aftermarket

GEOGRAPHICAL ANALYSIS

The global tractor tires market is witnessing significant growth, driven by rising demand for agricultural mechanization, advancements in tire technology, and the increasing need for efficient farming solutions. Key geographical regions contributing to this market include Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa, with each region displaying distinct trends and market dynamics. Asia-Pacific is emerging as a rapidly growing tractor tires market, driven by expanding agricultural activities in countries like China, India, and Southeast Asia. The region's growth is supported by increasing government investments in farm mechanization to boost agricultural productivity. In India, for instance, tractor sales have been rising consistently, and this has a direct impact on the demand for tractor tires. Furthermore, the North American tractor tires industry, particularly in the U.S. and Canada, is characterized by mature farming practices and high adoption of precision agriculture. The U.S. leads in market size, driven by its well-established agricultural sector and strong demand for technologically advanced tires that enhance fuel efficiency and durability.

Segmentation by Geography

  • APAC
    • India
    • China
    • Thailand
    • Malaysia
    • Australia
    • Indonesia
  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Poland
    • The U.K.
    • Spain
    • Sweden
    • Finland
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • South Africa
    • Egypt

VENDOR LANDSCAPE

The global tractor tires market features a dynamic and highly competitive vendor landscape, driven by the presence of both established multinational companies and emerging regional players. The competition in this market is shaped by continuous innovations, product differentiation, and the ability to meet the evolving needs of the agricultural sector. Key vendors in the global tractor tires market include Bridgestone, Michelin, Goodyear, Trelleborg, and Continental, among others, all of which have a significant presence globally. Bridgestone Corporation, for example, commands a considerable tractor tires market share due to its strong global distribution network and advanced tire technologies. Its investment in research and development has resulted in durable, high-performance tires that cater to a range of agricultural applications. In 2023, Bridgestone launched its new VT-Tractor tire series, designed for fuel efficiency and better soil protection, which has gained traction in key markets such as North America and Europe.

Similarly, Michelin has strengthened its position in the tractor tires market with innovations like Ultraflex Technology, which offers enhanced load-bearing capacity and soil conservation, a feature increasingly demanded by farmers globally. Michelin's tractor tire segment saw a growth of 5.2% in revenue in 2023, driven by strong sales in Europe and APAC regions. Furthermore, another significant player, Trelleborg, focuses on providing tires that optimize farming productivity. In 2023, Trelleborg's agricultural division reported a 4% growth in revenue, supported by rising demand for sustainable farming solutions. Trelleborg's tires are designed to minimize soil compaction, a critical issue for farmers aiming to increase crop yields.

Key Company Profiles

  • Alliance Tire Group
  • Balkrishna Industries Limited (BKT)
  • Bridgestone
  • Michelin
  • Titan International
  • Trelleborg

Other Prominent Vendors

  • Continental
  • Mitas
  • Carlisle
  • Vredestein
  • Galaxy
  • Linglong
  • Hankook
  • Pirelli
  • Toyo Tires
  • CEAT
  • Yokohama
  • Cultor
  • Kleber
  • Kenda Rubber Industrial Co., Ltd
  • Kormoran
  • Nokian Tyres plc
  • MRF
  • Dunlop
  • Sava
  • Cooper
  • Camso
  • JK Tyre
  • Double Coin
  • Prinx Chengshan
  • Shandong Hengfeng Rubber & Plastic Co., Ltd.
  • Belshina
  • Petlas
  • Sime Tyres
  • Deestone Ltd.
  • ZC Rubber (Zhongce Rubber Group Co., Ltd.)
  • Armstrong Tires

KEY QUESTIONS ANSWERED:

1. How big is the global tractor tires market?

2. Which region holds the most significant global tractor tires market share?

3. What are the significant trends in the tractor tires industry?

4. What is the growth rate of the global tractor tires market?

5. Who are the key players in the global tractor tires market?

Product Code: ARZ241103

TABLE OF CONTENTS

1. SCOPE & COVERAGE

  • 1.1. MARKET DEFINITION
    • 1.1.1. INCLUSIONS
    • 1.1.2. EXCLUSIONS
    • 1.1.3. MARKET ESTIMATION CAVEATS
  • 1.2. SEGMENTS COVERED & DEFINITION
    • 1.2.1. MARKET DEFINITION BY PRODUCT TYPE
    • 1.2.2. MARKET DEFINITION BY SALES CHANNELS
    • 1.2.3. REGIONS & COUNTRIES COVERED:
  • 1.3. MARKET DERIVATION
    • 1.3.1. HISTORIC, BASE & FORECAST YEARS

2. PREMIUM INSIGHTS

  • 2.1. OPPORTUNITY POCKETS
  • 2.2. MARKET MATURITY INDICATOR
  • 2.3. REGIONAL INSIGHTS
  • 2.4. REPORT OVERVIEW
  • 2.5. MARKET TRENDS & OPPORTUNITIES
    • 2.5.1. TECHNOLOGICAL ADVANCEMENTS IN TIRE MANUFACTURING
    • 2.5.2. EXPANSION OF TRACTOR TIRE MARKETS IN EMERGING ECONOMIES
    • 2.5.3. GOVERNMENT SUPPORT AND SUBSIDIES FOR MODERNIZING AGRICULTURE
  • 2.6. SEGMENTAL ANALYSIS
    • 2.6.1. PRODUCT TYPE
    • 2.6.2. SALES CHANNEL TYPE
  • 2.7. VENDOR LANDSCAPE
    • 2.7.1. RECENT DEVELOPMENTS

3. MARKET AT A GLANCE

4. INTRODUCTION

  • 4.1. OVERVIEW
  • 4.2. PROMINENT RUBBER PRODUCING COUNTRIES
  • 4.3. RECENT DEVELOPMENTS
  • 4.4. SUPPLY CHAIN ANALYSIS
    • 4.4.1. RAW MATERIAL PROCUREMENT
    • 4.4.2. MANUFACTURING AND PRODUCTION
    • 4.4.3. LOGISTICS AND DISTRIBUTION
    • 4.4.4. MARKET DEMAND AND REGIONAL DYNAMICS
    • 4.4.5. TECHNOLOGY AND INNOVATION
    • 4.4.6. AFTERMARKET SERVICES AND SUPPORT
    • 4.4.7. CHALLENGES AND RISKS
    • 4.4.8. SUSTAINABILITY AND ENVIRONMENTAL CONSIDERATIONS

5. MARKET OPPORTUNITIES & TRENDS

  • 5.1. TECHNOLOGICAL ADVANCEMENTS IN TIRE MANUFACTURING
    • 5.1.1. INTELLIGENT AUTOMATION AND INDUSTRY 4.0
    • 5.1.2. ADDITIVE MANUFACTURING (3D PRINTING)
    • 5.1.3. ADVANCED MATERIALS AND SUSTAINABILITY
    • 5.1.4. INTERNET OF THINGS (IOT) INTEGRATION
    • 5.1.5. SMART TIRE TECHNOLOGIES
  • 5.2. EXPANSION OF TRACTOR TIRE MARKETS IN EMERGING ECONOMIES
    • 5.2.1. RISING MECHANIZATION IN AGRICULTURE
    • 5.2.2. GOVERNMENT SUPPORT AND SUBSIDIES
    • 5.2.3. INFRASTRUCTURE DEVELOPMENT
    • 5.2.4. STRATEGIC PARTNERSHIPS AND LOCAL MANUFACTURING
    • 5.2.5. SUSTAINABILITY AND ECO-FRIENDLY INITIATIVES
  • 5.3. GROWING OUTLOOK OF PRECISION AGRICULTURE
    • 5.3.1. IMPACT OF PRECISION AGRICULTURE ON TRACTOR TIRE DEMAND

6. MARKET GROWTH ENABLERS

  • 6.1. INCREASED FREQUENCY OF TRACTOR TIRE REPLACEMENT
    • 6.1.1. TECHNOLOGICAL INNOVATIONS AND THE IMPACT ON TIRE LIFESPAN
    • 6.1.2. STRATEGIC RESPONSES BY MANUFACTURERS
  • 6.2. GOVERNMENT SUPPORT AND SUBSIDIES FOR MODERNIZING AGRICULTURE
    • 6.2.1. APAC: ENHANCE FOOD SECURITY AND SUSTAINABILITY
    • 6.2.2. NORTH AMERICA: A FOCUS ON SUSTAINABLE PRACTICES
    • 6.2.3. EUROPEAN INITIATIVES SUPPORTING MODERNIZATION
    • 6.2.4. THE ROLE OF EMERGING MARKETS
  • 6.3. RISING DEMAND FOR FOOD PRODUCTION
    • 6.3.1. GOVERNMENT INITIATIVES AND FINANCIAL SUPPORT
    • 6.3.2. RISING DEMAND IN DIFFERENT REGIONS

7. MARKET RESTRAINTS

  • 7.1. DISRUPTIVE FORCES IN SUPPLY CHAINS AND LOGISTICS
    • 7.1.1. GEOPOLITICAL TENSIONS
    • 7.1.2. RAW MATERIAL SHORTAGES
    • 7.1.3. FLUCTUATING SHIPPING COSTS
    • 7.1.4. EVOLVING CONSUMER DEMAND PATTERNS
  • 7.2. REGULATORY CHALLENGES AND COMPLIANCE COSTS
    • 7.2.1. REGULATORY CHALLENGES
    • 7.2.2. COMPLIANCE COSTS
    • 7.2.3. STRATEGIES FOR OVERCOMING CHALLENGES
  • 7.3. FLUCTUATIONS IN RAW MATERIAL PRICES
    • 7.3.1. SUPPLY CHAIN DISRUPTIONS
    • 7.3.2. WEATHER-RELATED CHALLENGES
    • 7.3.3. HEIGHTENED DEMAND FROM VARIOUS INDUSTRIES
    • 7.3.4. IMPACT ON TRACTOR TIRE MANUFACTURERS
    • 7.3.5. GLOBAL IMPLICATIONS

8. MARKET LANDSCAPE

  • 8.1. MARKET OVERVIEW
  • 8.2. MARKET SIZE & FORECAST
  • 8.3. FIVE FORCES ANALYSIS
    • 8.3.1. THREAT OF NEW ENTRANTS
    • 8.3.2. BARGAINING POWER OF SUPPLIERS
    • 8.3.3. BARGAINING POWER OF BUYERS
    • 8.3.4. THREAT OF SUBSTITUTES
    • 8.3.5. COMPETITIVE RIVALRY

9. PRODUCT TYPE

  • 9.1. MARKET SNAPSHOT & GROWTH ENGINE
  • 9.2. MARKET OVERVIEW
    • 9.2.1. REGIONAL ANALYSIS
  • 9.3. RADIAL
    • 9.3.1. MARKET OVERVIEW
    • 9.3.2. MARKET SIZE & FORECAST
    • 9.3.3. MARKET BY GEOGRAPHY
  • 9.4. BIAS
    • 9.4.1. MARKET OVERVIEW
    • 9.4.2. MARKET SIZE & FORECAST
    • 9.4.3. MARKET BY GEOGRAPHY

10. SALES CHANNELS

  • 10.1. MARKET SNAPSHOT & GROWTH ENGINE
  • 10.2. MARKET OVERVIEW
  • 10.3. OEM
    • 10.3.1. MARKET OVERVIEW
    • 10.3.2. MARKET SIZE & FORECAST
    • 10.3.3. MARKET BY GEOGRAPHY
  • 10.4. AFTERMARKET
    • 10.4.1. MARKET OVERVIEW
    • 10.4.2. MARKET SIZE & FORECAST
    • 10.4.3. MARKET BY GEOGRAPHY

11. GEOGRAPHY

  • 11.1. MARKET SNAPSHOT & GROWTH ENGINE
  • 11.2. GEOGRAPHIC OVERVIEW

12. APAC

  • 12.1. MARKET OVERVIEW
  • 12.2. MARKET SIZE & FORECAST
  • 12.3. PRODUCT TYPE
    • 12.3.1. MARKET SIZE & FORECAST
  • 12.4. SALES CHANNEL
    • 12.4.1. MARKET SIZE & FORECAST
  • 12.5. KEY COUNTRIES
    • 12.5.1. INDIA: MARKET SIZE & FORECAST
    • 12.5.2. CHINA: MARKET SIZE & FORECAST
    • 12.5.3. THAILAND: MARKET SIZE & FORECAST
    • 12.5.4. MALAYSIA: MARKET SIZE & FORECAST
    • 12.5.5. AUSTRALIA: MARKET SIZE & FORECAST
    • 12.5.6. INDONESIA: MARKET SIZE & FORECAST

13. NORTH AMERICA

  • 13.1. MARKET OVERVIEW
  • 13.2. MARKET SIZE & FORECAST
  • 13.3. PRODUCT TYPE
    • 13.3.1. MARKET SIZE & FORECAST
  • 13.4. SALES CHANNEL
    • 13.4.1. MARKET SIZE & FORECAST
  • 13.5. KEY COUNTRIES
    • 13.5.1. US: MARKET SIZE & FORECAST
    • 13.5.2. CANADA: MARKET SIZE & FORECAST

14. EUROPE

  • 14.1. MARKET OVERVIEW
  • 14.2. MARKET SIZE & FORECAST
  • 14.3. PRODUCT TYPE
    • 14.3.1. MARKET SIZE & FORECAST
  • 14.4. SALES CHANNEL
    • 14.4.1. MARKET SIZE & FORECAST
  • 14.5. KEY COUNTRIES
    • 14.5.1. FRANCE: MARKET SIZE & FORECAST
    • 14.5.2. GERMANY: MARKET SIZE & FORECAST
    • 14.5.3. ITALY: MARKET SIZE & FORECAST
    • 14.5.4. UK: MARKET SIZE & FORECAST
    • 14.5.5. POLAND: MARKET SIZE & FORECAST
    • 14.5.6. SPAIN: MARKET SIZE & FORECAST
    • 14.5.7. SWEDEN: MARKET SIZE & FORECAST
    • 14.5.8. FINLAND: MARKET SIZE & FORECAST

15. LATIN AMERICA

  • 15.1. MARKET OVERVIEW
  • 15.2. MARKET SIZE & FORECAST
  • 15.3. PRODUCT TYPE
    • 15.3.1. MARKET SIZE & FORECAST
  • 15.4. SALES CHANNEL
    • 15.4.1. MARKET SIZE & FORECAST
  • 15.5. KEY COUNTRIES
    • 15.5.1. BRAZIL: MARKET SIZE & FORECAST
    • 15.5.2. MEXICO: MARKET SIZE & FORECAST
    • 15.5.3. ARGENTINA: MARKET SIZE & FORECAST

16. MIDDLE EAST & AFRICA

  • 16.1. MARKET OVERVIEW
  • 16.2. MARKET SIZE & FORECAST
  • 16.3. PRODUCT TYPE
    • 16.3.1. MARKET SIZE & FORECAST
  • 16.4. SALES CHANNEL
    • 16.4.1. MARKET SIZE & FORECAST
  • 16.5. KEY COUNTRIES
    • 16.5.1. TURKEY: MARKET SIZE & FORECAST
    • 16.5.2. SOUTH AFRICA: MARKET SIZE & FORECAST
    • 16.5.3. EGYPT: MARKET SIZE & FORECAST

17. COMPETITIVE LANDSCAPE

  • 17.1. COMPETITION OVERVIEW
  • 17.2. MARKET SHARE ANALYSIS

18. KEY COMPANY PROFILES

  • 18.1. ALLIANCE TIRE GROUP
    • 18.1.1. BUSINESS OVERVIEW
    • 18.1.2. PRODUCT OFFERINGS
    • 18.1.3. KEY STRATEGIES
    • 18.1.4. KEY STRENGTHS
    • 18.1.5. KEY OPPORTUNITIES
  • 18.2. BALKRISHNA INDUSTRIES LIMITED (BKT)
    • 18.2.1. BUSINESS OVERVIEW
    • 18.2.2. PRODUCT OFFERINGS
    • 18.2.3. KEY STRATEGIES
    • 18.2.4. KEY STRENGTHS
    • 18.2.5. KEY OPPORTUNITIES
  • 18.3. BRIDGESTONE
    • 18.3.1. BUSINESS OVERVIEW
    • 18.3.2. PRODUCT OFFERINGS
    • 18.3.3. KEY STRATEGIES
    • 18.3.4. KEY STRENGTHS
    • 18.3.5. KEY OPPORTUNITIES
  • 18.4. MICHELIN
    • 18.4.1. BUSINESS OVERVIEW
    • 18.4.2. PRODUCT OFFERINGS
    • 18.4.3. KEY STRATEGIES
    • 18.4.4. KEY STRENGTHS
    • 18.4.5. KEY OPPORTUNITIES
  • 18.5. TITAN INTERNATIONAL
    • 18.5.1. BUSINESS OVERVIEW
    • 18.5.2. PRODUCT OFFERINGS
    • 18.5.3. KEY STRATEGIES
    • 18.5.4. KEY STRENGTHS
    • 18.5.5. KEY OPPORTUNITIES
  • 18.6. TRELLEBORG
    • 18.6.1. BUSINESS OVERVIEW
    • 18.6.2. PRODUCT OFFERINGS
    • 18.6.3. KEY STRATEGIES
    • 18.6.4. KEY STRENGTHS
    • 18.6.5. KEY OPPORTUNITIES

19. OTHER PROMINENT VENDORS

  • 19.1. CONTINENTAL
    • 19.1.1. BUSINESS OVERVIEW
    • 19.1.2. PRODUCT OFFERINGS
  • 19.2. MITAS
    • 19.2.1. BUSINESS OVERVIEW
    • 19.2.2. PRODUCT OFFERINGS
  • 19.3. CARLISLE
    • 19.3.1. BUSINESS OVERVIEW
    • 19.3.2. PRODUCT OFFERINGS
  • 19.4. VREDESTEIN
    • 19.4.1. BUSINESS OVERVIEW
    • 19.4.2. PRODUCT OFFERINGS
  • 19.5. GALAXY
    • 19.5.1. BUSINESS OVERVIEW
    • 19.5.2. PRODUCT OFFERINGS
  • 19.6. LINGLONG
    • 19.6.1. BUSINESS OVERVIEW
    • 19.6.2. PRODUCT OFFERINGS
  • 19.7. HANKOOK
    • 19.7.1. BUSINESS OVERVIEW
    • 19.7.2. PRODUCT OFFERINGS
  • 19.8. PIRELLI
    • 19.8.1. BUSINESS OVERVIEW
    • 19.8.2. PRODUCT OFFERINGS
  • 19.9. TOYO
    • 19.9.1. BUSINESS OVERVIEW
    • 19.9.2. PRODUCT OFFERINGS
  • 19.10. CEAT
    • 19.10.1. BUSINESS OVERVIEW
    • 19.10.2. PRODUCT OFFERINGS
  • 19.11. YOKOHAMA
    • 19.11.1. BUSINESS OVERVIEW
    • 19.11.2. PRODUCT OFFERINGS
  • 19.12. CULTOR
    • 19.12.1. BUSINESS OVERVIEW
    • 19.12.2. PRODUCT OFFERINGS
  • 19.13. KLEBER
    • 19.13.1. BUSINESS OVERVIEW
    • 19.13.2. PRODUCT OFFERINGS
  • 19.14. KENDA
    • 19.14.1. BUSINESS OVERVIEW
    • 19.14.2. PRODUCT OFFERINGS
  • 19.15. KORMORAN
    • 19.15.1. BUSINESS OVERVIEW
    • 19.15.2. PRODUCT OFFERINGS
  • 19.16. NOKIAN
    • 19.16.1. BUSINESS OVERVIEW
    • 19.16.2. PRODUCT OFFERINGS
  • 19.17. MRF
    • 19.17.1. BUSINESS OVERVIEW
    • 19.17.2. PRODUCT OFFERINGS
  • 19.18. DUNLOP
    • 19.18.1. BUSINESS OVERVIEW
    • 19.18.2. PRODUCT OFFERINGS
  • 19.19. SAVA
    • 19.19.1. BUSINESS OVERVIEW
    • 19.19.2. PRODUCT OFFERINGS
  • 19.20. COOPER
    • 19.20.1. BUSINESS OVERVIEW
    • 19.20.2. PRODUCT OFFERINGS
  • 19.21. CAMSO
    • 19.21.1. BUSINESS OVERVIEW
    • 19.21.2. PRODUCT OFFERINGS
  • 19.22. JK TYRE
    • 19.22.1. BUSINESS OVERVIEW
    • 19.22.2. PRODUCT OFFERINGS
  • 19.23. DOUBLE COIN
    • 19.23.1. BUSINESS OVERVIEW
    • 19.23.2. PRODUCT OFFERINGS
  • 19.24. PRINX CHENGSHAN
    • 19.24.1. BUSINESS OVERVIEW
    • 19.24.2. PRODUCT OFFERINGS
  • 19.25. SHANDONG HENGFENG RUBBER
    • 19.25.1. BUSINESS OVERVIEW
    • 19.25.2. PRODUCT OFFERINGS
  • 19.26. BELSHINA
    • 19.26.1. BUSINESS OVERVIEW
    • 19.26.2. PRODUCT OFFERINGS
  • 19.27. PETLAS
    • 19.27.1. BUSINESS OVERVIEW
    • 19.27.2. PRODUCT OFFERINGS
  • 19.28. SIME TYRES
    • 19.28.1. BUSINESS OVERVIEW
    • 19.28.2. PRODUCT OFFERINGS
  • 19.29. DEESTONE LTD.
    • 19.29.1. BUSINESS OVERVIEW
    • 19.29.2. PRODUCT OFFERINGS
  • 19.30. ZC RUBBER
    • 19.30.1. BUSINESS OVERVIEW
    • 19.30.2. PRODUCT OFFERINGS
  • 19.31. ARMSTRONG
    • 19.31.1. BUSINESS OVERVIEW
    • 19.31.2. PRODUCT OFFERINGS

20. REPORT SUMMARY

  • 20.1. KEY TAKEAWAYS
  • 20.2. STRATEGIC RECOMMENDATIONS

21. QUANTITATIVE SUMMARY

  • 21.1. MARKET BY GEOGRAPHY
  • 21.2. MARKET BY PRODUCT
  • 21.3. MARKET BY SALES CHANNEL

22. APPENDIX

  • 22.1. RESEARCH METHODOLOGY
  • 22.2. RESEARCH PROCESS
  • 22.3. REPORT ASSUMPTIONS & CAVEATS
    • 22.3.1. KEY CAVEATS
    • 22.3.2. CURRENCY CONVERSION
  • 22.4. ABBREVIATIONS
Product Code: ARZ241103

LIST OF EXHIBITS

  • EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023
  • EXHIBIT 2 KEY FACTORS RAISING THE DEMAND FOR TRACTOR TIRES
  • EXHIBIT 3 SUPPLY CHAIN ANALYSIS OF GLOBAL TRACTOR TIRE MARKET
  • EXHIBIT 4 IMPACT OF TECHNOLOGICAL ADVANCEMENTS IN TIRE MANUFACTURING
  • EXHIBIT 5 IMPACT OF EXPANSION OF TRACTOR TIRE MARKETS IN EMERGING ECONOMIES
  • EXHIBIT 6 IMPACT OF THE GROWING OUTLOOK OF PRECISION AGRICULTURE
  • EXHIBIT 7 IMPACT OF INCREASED FREQUENCY OF TRACTOR TIRE REPLACEMENT
  • EXHIBIT 8 IMPACT OF GOVERNMENT SUPPORT AND SUBSIDIES FOR MODERNIZING AGRICULTURE
  • EXHIBIT 9 IMPACT OF RISING DEMAND FOR FOOD PRODUCTION
  • EXHIBIT 10 IMPACT OF DISRUPTIVE FORCES IN SUPPLY CHAINS AND LOGISTICS
  • EXHIBIT 11 IMPACT OF REGULATORY CHALLENGES AND COMPLIANCE COSTS
  • EXHIBIT 12 IMPACT OF FLUCTUATIONS IN RAW MATERIAL PRICES
  • EXHIBIT 13 GLOBAL TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 14 FIVE FORCES ANALYSIS 2023
  • EXHIBIT 15 INCREMENTAL GROWTH BY PRODUCT TYPE 2023 & 2029 (MILLION UNITS)
  • EXHIBIT 16 GLOBAL TRACTOR TIRE MARKET BY PRODUCT TYPE (2023 & 2029)
  • EXHIBIT 17 ADVANTAGES OF RADIAL TIRES
  • EXHIBIT 18 RADIAL TRACTOR TIRE MARKET 2023-2029 (MILLION UNITS)
  • EXHIBIT 19 ADVANTAGES OF BIAS TIRES
  • EXHIBIT 20 GLOBAL BIAS TRACTOR TIRE MARKET 2023-2029 (MILLION UNITS)
  • EXHIBIT 21 INCREMENTAL GROWTH BY SALES CHANNEL TYPE 2023 & 2029 (MILLION UNITS)
  • EXHIBIT 22 GLOBAL TRACTOR TIRE MARKET BY SALES CHANNELS (2023 & 2029)
  • EXHIBIT 23 OEM TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 24 GLOBAL AFTERMARKET TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 25 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029 (MILLION UNITS)
  • EXHIBIT 26 OVERVIEW OF GLOBAL TRACTOR TIRE MARKET BY GEOGRAPHY (%)
  • EXHIBIT 27 APAC TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 28 INCREMENTAL GROWTH IN APAC TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
  • EXHIBIT 29 INDIA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 30 CHINA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 31 THAILAND TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 32 MALAYSIA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 33 AUSTRALIA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 34 INDONESIA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 35 NORTH AMERICA TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 36 INCREMENTAL GROWTH IN THE NORTH AMERICA TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
  • EXHIBIT 37 TRACTOR TIRE MARKET IN THE US 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 38 CANADA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 39 RECENT COLLABORATIONS AND DEVELOPMENTS IN THE EUROPEAN TRACTOR TIRE MARKET
  • EXHIBIT 40 EUROPE TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 41 INCREMENTAL GROWTH IN THE EUROPE TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
  • EXHIBIT 42 FRANCE TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 43 GERMANY TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 44 ITALY TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 45 TRACTOR TIRE MARKET IN THE UK 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 46 POLAND TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 47 SPAIN TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 48 SWEDEN TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 49 SWEDEN TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 50 LATIN AMERICA TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 51 INCREMENTAL GROWTH IN THE LATIN AMERICA TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
  • EXHIBIT 52 BRAZIL TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 53 MEXICO TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 54 ARGENTINA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 55 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET 2020-2029 (MILLION UNITS)
  • EXHIBIT 56 INCREMENTAL GROWTH IN THE MIDDLE EAST & AFRICA TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
  • EXHIBIT 57 TURKEY TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 58 SOUTH AFRICA TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 59 EGYPT TRACTOR TIRE MARKET 2020-2029 (THOUSAND UNITS)
  • EXHIBIT 60 MARKET SHARE OF MAJOR VENDORS, 2023 (%)
  • EXHIBIT 61 TOTAL REVENUE OF ALLIANCE BY REGION, 2023 (%)
  • EXHIBIT 62 TOTAL REVENUE OF BKT BY REGION, 2023 (%)
  • EXHIBIT 63 TOTAL REVENUE OF BRIDGESTONE BY REGION, 2023 (%)
  • EXHIBIT 64 TOTAL REVENUE OF MICHELIN BY REGION, 2023 (%)
  • EXHIBIT 65 TOTAL REVENUE OF TITAN INTERNATIONAL BY REGION, 2023 (%)
  • EXHIBIT 66 TOTAL REVENUE OF TRELLEBORG BY REGION, 2023 (%)
  • EXHIBIT 67 KEY CAVEATS

LIST OF TABLES

  • TABLE 1 LIST OF PROMINENT RUBBER PRODUCING COUNTRIES, 2023 (METRIC TONS)
  • TABLE 2 SUMMARY OF RADIAL VS BIAS TIRES
  • TABLE 3 SUMMARY TABLE OF REGIONAL MARKET SHARE DYNAMICS
  • TABLE 4 RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 5 RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 6 BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 7 BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 8 OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 9 OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 10 AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 11 AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 12 APAC TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 13 APAC TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (%)
  • TABLE 14 APAC TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 15 APAC TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (%)
  • TABLE 16 NORTH AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 17 NORTH AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (%)
  • TABLE 18 NORTH AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 19 NORTH AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (%)
  • TABLE 20 EUROPE TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 21 EUROPE TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (%)
  • TABLE 22 EUROPE TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 23 EUROPE TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (%)
  • TABLE 24 LATIN AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 25 LATIN AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (%)
  • TABLE 26 LATIN AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 27 LATIN AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (%)
  • TABLE 28 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 29 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023-2029 (%)
  • TABLE 30 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (THOUSAND UNITS)
  • TABLE 31 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023-2029 (%)
  • TABLE 32 ALLIANCE TIRE GROUP: MAJOR PRODUCT OFFERINGS
  • TABLE 33 BKT: MAJOR PRODUCT OFFERINGS
  • TABLE 34 BRIDGESTONE: MAJOR PRODUCT OFFERINGS
  • TABLE 35 MICHELIN: MAJOR PRODUCT OFFERINGS
  • TABLE 36 TITAN INTERNATIONAL: MAJOR PRODUCT OFFERINGS
  • TABLE 37 TRELLEBORG: MAJOR PRODUCT OFFERINGS
  • TABLE 38 CONTINENTAL: MAJOR PRODUCT OFFERINGS
  • TABLE 39 MITAS: MAJOR PRODUCT OFFERINGS
  • TABLE 40 CARLISLE: MAJOR PRODUCT OFFERINGS
  • TABLE 41 VREDESTEIN: MAJOR PRODUCT OFFERINGS
  • TABLE 42 GALAXY: MAJOR PRODUCT OFFERINGS
  • TABLE 43 LINGLONG: MAJOR PRODUCT OFFERINGS
  • TABLE 44 HANKOOK: MAJOR PRODUCT OFFERINGS
  • TABLE 45 PIRELLI: MAJOR PRODUCT OFFERINGS
  • TABLE 46 TOYO: MAJOR PRODUCT OFFERINGS
  • TABLE 47 CEAT: MAJOR PRODUCT OFFERINGS
  • TABLE 48 YOKOHAMA: MAJOR PRODUCT OFFERINGS
  • TABLE 49 CULTOR: MAJOR PRODUCT OFFERINGS
  • TABLE 50 KLEBER: MAJOR PRODUCT OFFERINGS
  • TABLE 51 KENDA: MAJOR PRODUCT OFFERINGS
  • TABLE 52 KORMORAN: MAJOR PRODUCT OFFERINGS
  • TABLE 53 NOKIAN: MAJOR PRODUCT OFFERINGS
  • TABLE 54 MRF: MAJOR PRODUCT OFFERINGS
  • TABLE 55 DUNLOP: MAJOR PRODUCT OFFERINGS
  • TABLE 56 SAVA: MAJOR PRODUCT OFFERINGS
  • TABLE 57 COOPER: MAJOR PRODUCT OFFERINGS
  • TABLE 58 CAMSO: MAJOR PRODUCT OFFERINGS
  • TABLE 59 JK TYRE: MAJOR PRODUCT OFFERINGS
  • TABLE 60 DOUBLE COIN: MAJOR PRODUCT OFFERINGS
  • TABLE 61 PRINX CHENGSHAN: MAJOR PRODUCT OFFERINGS
  • TABLE 62 SHANDONG HENGFENG RUBBER: MAJOR PRODUCT OFFERINGS
  • TABLE 63 BELSHINA: MAJOR PRODUCT OFFERINGS
  • TABLE 64 PETLAS: MAJOR PRODUCT OFFERINGS
  • TABLE 65 SIME TYRES: MAJOR PRODUCT OFFERINGS
  • TABLE 66 DEESTONE LTD.: MAJOR PRODUCT OFFERINGS
  • TABLE 67 ZC RUBBER: MAJOR PRODUCT OFFERINGS
  • TABLE 68 ARMSTRONG: MAJOR PRODUCT OFFERINGS
  • TABLE 69 GLOBAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 70 GLOBAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 71 GLOBAL TRACTOR TIRE MARKET BY PRODUCT 2023-2029 (MILLION UNITS)
  • TABLE 72 GLOBAL TRACTOR TIRE MARKET BY PRODUCT 2023-2029 (%)
  • TABLE 73 GLOBAL RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 74 GLOBAL RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 75 GLOBAL BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 76 GLOBAL BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 77 GLOBAL TRACTOR TIRE MARKET BY SALES CHANNEL 2023-2029 (MILLION UNITS)
  • TABLE 78 GLOBAL TRACTOR TIRE MARKET BY SALES CHANNEL 2023-2029 (%)
  • TABLE 79 GLOBAL OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 80 GLOBAL OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 81 GLOBAL AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (MILLION UNITS)
  • TABLE 82 GLOBAL AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023-2029 (%)
  • TABLE 83 CURRENCY CONVERSION 2016-2023
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