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Agricultural Tires Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global agricultural tires market size reached US$ 7.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Agricultural tires carry different types of farming equipment, such as tractors, combines, grain carts, field sprayers, and skid steer loaders. They offer traction, braking, steering and directional stability while resisting the abrasive action of various surfaces. They also absorb shock loads at a low level of ground pressure and cushion the vehicle against minor surface irregularities. Consequently, they help farmers maximize crop productivity and reduce the risk of power hopping and soil compaction for unparalleled performance.

At present, there is a significant rise in the demand for food across the globe on account of the continuously increasing global population. However, factors like water scarcity, rapid urbanization, unfavorable weather conditions and declining arable land are unable to meet the escalating demand. As a result, farmers are focusing on increasing productivity, which, in turn, is positively influencing the sales of agricultural tires worldwide. Additionally, the rising adoption of precision farming and advanced logistics, transportation, storage, and processing facilities are bolstering the market growth. Apart from this, governing agencies of numerous countries are investing in rural agriculture infrastructure significantly, which is contributing to the market growth. This is further promoting automation in the agriculture industry and leading to the increased adoption of upgraded farm equipment. Furthermore, the leading manufacturers are developing advanced farming tractors and off-road vehicles to improve soil conservation and the safety of products. This, along with the growing emphasis on modern, integrated agriculture practices worldwide, is anticipated to propel the need for efficient agricultural tires.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global agricultural tires market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and distribution.

Breakup by Product:

  • Bias Tires
  • Radial Tires
     

Breakup by Application:

  • Tractors
  • Harvesters
  • Forestry
  • Irrigation
  • Trailers
  • Others
     

Breakup by Distribution:

  • OEM
  • Aftermarket
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Application, Distribution, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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.
           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

List of Figures

Figure 1: Global: Agricultural Tires Market: Major Drivers and Challenges
Figure 2: Global: Agricultural Tires Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Agricultural Tires Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Agricultural Tires Market: Breakup by Product (in %), 2021
Figure 5: Global: Agricultural Tires Market: Breakup by Application (in %), 2021
Figure 6: Global: Agricultural Tires Market: Breakup by Distribution (in %), 2021
Figure 7: Global: Agricultural Tires Market: Breakup by Region (in %), 2021
Figure 8: Global: Agricultural Tires (Bias Tires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Agricultural Tires (Bias Tires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Agricultural Tires (Radial Tires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Agricultural Tires (Radial Tires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Agricultural Tires (Tractors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Agricultural Tires (Tractors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Agricultural Tires (Harvesters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Agricultural Tires (Harvesters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Agricultural Tires (Forestry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Agricultural Tires (Forestry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Agricultural Tires (Irrigation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Agricultural Tires (Irrigation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Agricultural Tires (Trailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Agricultural Tires (Trailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Agricultural Tires (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Agricultural Tires (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Agricultural Tires (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Agricultural Tires (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Agricultural Tires (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Agricultural Tires (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Agricultural Tires Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Agricultural Tires Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Agricultural Tires Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Agricultural Tires Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Agricultural Tires Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Agricultural Tires Market Forecast: Breakup by Distribution (in Million US$), 2022-2027
Table 5: Global: Agricultural Tires Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Agricultural Tires Market: Competitive Structure
Table 7: Global: Agricultural Tires Market: Key Players


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Key Questions Answered in This Report

The global agricultural tires market was valued at US$ 7.2 Billion in 2021.

We expect the global agricultural tires market to exhibit a CAGR of 5.3% during 2022-2027.

Continuous development of precision farming techniques, along with the rising demand of agricultural tires for resisting the abrasive action of various surfaces, is primarily driving the global agricultural tires market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various manufacturing units for agricultural tires.

Based on the product, the global agricultural tires market can be categorized into bias tires and radial tires, where bias tires hold the largest market share.

Based on the application, the global agricultural tires market has been segregated into tractors, harvesters, forestry, irrigation, trailers, and others. Among these, tractors account for the majority of the global market share.

Based on the distribution, the global agricultural tires market can be bifurcated into OEM and aftermarket. Currently, aftermarket exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players 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).

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