PUBLISHER: The Business Research Company | PRODUCT CODE: 1686419
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686419
Flexion tires, an advanced type of agricultural tire, are designed with sophisticated technology to deliver enhanced flexibility and performance in comparison to standard radial tires. These tires are meticulously engineered to function effectively at lower inflation pressures while bearing heavy loads, offering numerous advantages for agricultural uses.
The primary categories of flexion tires encompass summer tires, winter tires, and all-season tires. Summer tires, often referred to as high-performance tires, are tailored to excel in hot weather conditions. They cater to a diverse range of vehicles, including passenger cars, light commercial vehicles, and heavy commercial vehicles, and are distributed through various sales channels such as original equipment manufacturer (OEM) and aftermarket. These tires find application in a variety of scenarios, including harvesters, tractors, and other agricultural machinery.
The flexion tires market research report is one of a series of new reports from The Business Research Company that provides flexion tires market statistics, including flexion tires industry global market size, regional shares, competitors with a flexion tires market share, detailed flexion tires market segments, market trends, and opportunities, and any further data you may need to thrive in the flexion tires industry. This flexion tires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flexion tires market size has grown strongly in recent years. It will grow from $12.2 billion in 2024 to $13.03 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to textile industry growth, automotive interior applications, consumer goods manufacturing, furniture and furnishing sector, decorative coating demand.
The flexion tires market size is expected to see strong growth in the next few years. It will grow to $16.08 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing demand in packaging industry, expanding applications in electronics, rising demand for customization, medical and healthcare applications, sustainable flocking solutions. Major trends in the forecast period include advancements in adhesive technologies, innovations in flocking technology, environmentally friendly formulations, expansion in the electronics industry, medical and healthcare applications.
The expansion of the agriculture sector is anticipated to drive the growth of the flexion tires market in the coming years. The agriculture sector encompasses plant and livestock farming, agricultural engineering, and the production of farming equipment, fertilizers, and other farm-related products. Flexion tires play a crucial role in modern agriculture by addressing significant challenges such as soil compaction, traction, and load-carrying capacity. They support more efficient and sustainable farming practices, ultimately benefiting both farmers and the environment. For instance, in December 2023, according to the Food and Agriculture Organization, an Italy-based specialized agency, global primary crop production reached 9.6 billion tonnes in 2022, marking a 0.7 percent increase from 2021. Thus, the expansion of the agriculture sector is fueling the growth of the flexion tires market.
Major companies in the flexion tires market are innovating with products such as crop sprayer tires to reduce soil compaction, enhance stability on uneven terrain, and ensure the efficient and even application of agricultural chemicals across fields. Crop sprayer tires are specialized tires designed to support the weight and provide stability for sprayers used in agricultural fields. These tires feature low ground pressure and high durability, making them suitable for navigating soft or uneven terrain. For example, in November 2024, Apollo Tyres, an India-based tire manufacturer, introduced the Vredestein Traxion CropCare, a very high-flexion sprayer tire. This tire is specifically designed for both trailed and self-propelled sprayers. It incorporates a unique steel-belted radial carcass, along with a stabilizer ring and bead stabilizer, which together enhance lateral stiffness by 30% compared to competitor tires. This design ensures superior stability and precise control in agricultural applications.
In May 2023, Yokohama Rubber Co., Ltd., a Japan-based manufacturer of rubber products, acquired Trelleborg Wheel Systems in a transaction valued at $2.25 billion (2.07 billion euros). Following the acquisition, the company will officially operate as Yokohama TWS under Yokohama Rubber Co., Ltd. This strategic move enhances Yokohama's position as a global leader in tire production, particularly in the off-highway tires sector, by incorporating the Trelleborg, Mitas, Maximo, and Cultor brands, along with the Interfit service network, into its portfolio. Trelleborg Wheel Systems, based in Sweden, specializes in the manufacture of flexion tires.
Major companies operating in the flexion tires market report are Continental AG, Bridgestone Corporation, Michelin Tyre PLC, Goodyear Tire & Rubber Company, Firestone Tire and Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C. S.p.A., Toyo Tire Corporation, Trelleborg AB, Apollo Tyres Limited, Shandong Linglong Tyre Co. Ltd., Titan International Inc., Kumho Tire Co Inc., Nokian Tyres PLC, Nexen Tire Corporation, J K Tyre & Industries Limited, Yokohama Rubber Company Limited, CEAT Limited, Balkrishna Industries Limited, Petlas Tire Corporation, Carlisle Tire & Wheel Co, Hercules Tire and Rubber Company, Nitto Tire U.S.A. Inc., Maxam Tire, GRI Tires, Techking Tires Ltd., Triangle Tyre Co, Double Coin Holdings Ltd., Kyoto Japan Tire Corporation Ltd., Cheng Shin Rubber Industry Co.
Asia-Pacific was the largest region in the flexion tires market in 2024. The regions covered in the flexion tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flexion tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The flexion tires market consists of sales of improved flexion tires, radial flexion tires, and bias flexion tires. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Flexion Tires Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on flexion tires market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for flexion tires ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flexion tires market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.