Agricultural Tires Report: Trends, Forecast and Competitive Analysis to 2030

Agricultural Tires Trends and Forecast

The future of the global agricultural tires market looks promising with opportunities in the tractors, combine harvesters, sprayers, trailers, and loaders markets. The global agricultural tires market is expected to reach an estimated $9.5billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing demand for food, new developments in tire technology, and growing adoption of supportive government regulations to encourage mechanization and modernization in the agriculture industry.

A more than 150-page report is developed to help in your business decisions.

Agricultural Tires by Segment

The study includes a forecast for the global agricultural tires by type, application, and region

Agricultural Tires Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Bias Tires
• Radial Tires

Agricultural Tires Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Tractors
• Combine Harvesters
• Sprayers
• Trailers
• Loaders
• Others

Agricultural Tires Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Agricultural Tires Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agricultural tires companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agricultural tires companies profiled in this report include-

• Bridgestone
• Continental
• Balakrishna
• Titan
• Trelleborg
• Michelin
• Pirelli & C
• Alliance Tire
• Brunswick

Agricultural Tires Market Insights

Lucintel forecast that bias tires is expected to witness larger segment over the forecast period because it provides outstanding traction, and their simplicity of use in muddy areas and uneven terrain is prompting farming enterprises to adopt them.

Within this market, tractors will remain the largest segment because of the growing trend among farmers to invest in a vehicle that may enhance turnaround time & do many chores owing to their limited financial capability, and increasing use of tractors in a variety of farm activities.

North America is expected to witness highest growth over the forecast period due to contemporary integrated farming operations in the region being supported by advancements in agricultural technology and sector development.

Features of the Global Agricultural Tires Market

Market Size Estimates: Agricultural tires market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Agricultural tires market size by type, application, and region in terms of value ($B).

Regional Analysis: Agricultural tires market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the agricultural tires market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agricultural tires market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the agricultural tires market size?

Answer: The global agricultural tires market is expected to reach an estimated $9.5billion by 2030.

Q.2 What is the growth forecast for agricultural tires market?

Answer: The global agricultural tires market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the agricultural tires market?

Answer: The major drivers for this market are increasing demand for food, new developments in tire technology, and growing adoption of supportive government regulations to encourage mechanization and modernization in the agriculture industry.

Q4. What are the major segments for agricultural tires market?

Answer: The future of the global agricultural tires market looks promising with opportunities in the tractors, combine harvesters, sprayers, trailers, and loaders markets.

Q5. Who are the key agricultural tires market companies?

Answer: Some of the key agricultural tires companies are as follows:

• Bridgestone
• Continental
• Balakrishna
• Titan
• Trelleborg
• Michelin
• Pirelli & C
• Alliance Tire
• Brunswick

Q6. Which agricultural tires market segment will be the largest in future?

Answer: Lucintel forecast that bias tires is expected to witness larger segment over the forecast period because it provides outstanding traction, and their simplicity of use in muddy areas and uneven terrain is prompting farming enterprises to adopt them.

Q7. In agricultural tires market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to contemporary integrated farming operations in the region being supported by advancements in agricultural technology and sector development.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the agricultural tires market by type (bias tires and radial tires), application (tractors, combine harvesters, sprayers, trailers, loaders, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?