DUBLIN, Oct. 20, 2022 /PRNewswire/ — The “Agricultural Tires Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global agricultural tires market size reached US$ 7.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 9.8 Billion by 2027, exhibiting a CAGR of 5.27% during 2021-2027. 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.
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).
Key Questions Answered in This Report
1. What was the size of the global agricultural tires market in 2021?
2. What is the expected growth rate of the global agricultural tires market during 2022-2027?
3. What are the key factors driving the global agricultural tires market?
4. What has been the impact of COVID-19 on the global agricultural tires market?
5. What is the breakup of the global agricultural tires market based on the product?
6. What is the breakup of the global agricultural tires market based on the application?
7. What is the breakup of the global agricultural tires market based on the distribution?
8. What are the key regions in the global agricultural tires market?
9. Who are the key players/companies in the global agricultural tires market?
Key Topics Covered:
1 Preface
2 Scope and 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
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
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
For more information about this report visit https://www.researchandmarkets.com/r/ohiw5f
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