DUBLIN, September 22, 2021 / PRNewswire / – The Global Farm Tire Market Size, Share and Trend Analysis Report by Product (Bias, Radial), by Application (Tractors, Harvesters), by Distribution (OEM, Aftermarket), by Region and segment forecast, 2021-2028 “ report was added to ResearchAndMarkets.com offer.

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The global agricultural tire market size is expected to reach $ 11.16 billion by 2028. It is expected to increase at a CAGR of 5.1% from 2021 to 2028. The increasing demand for tractors and combines in agricultural activities in developed and developing economies is expected to benefit the market growth in Africa. during the forecast period.

The demand for agricultural tires in agricultural vehicles is expected to experience significant growth due to the increasing penetration of vehicles in the agricultural sector. In addition, the growing awareness of farmers to upgrade automotive technology and use of automated equipment is expected to drive the market growth.

The growing demand for food products, especially in emerging economies of Asia Pacific, including China, India, Japan, and Thailand, is a key factor in the global market. Further, economic development coupled with population expansion in these economies is expected to drive the market growth during the forecast period.

Market players are engaged in the development of innovative manufacturing processes for agricultural tires in order to improve the characteristics of the product and allow its use in several agricultural vehicles. Leading players such as Michelin have undergone technological upgrades, such as from IF / VF technology to advanced bending technology, in order to gain a competitive advantage over their competitors in the market.

Highlights of the Farm Tire Market Report

  • By product, bias tires are expected to experience the fastest growth in revenue from 2021 to 2028 due to increased agricultural application due to cross hatch construction of tires and low cost per product. compared to their counterparts.

  • Tractor application segment dominated the market in 2020 and is expected to maintain its lead throughout the forecast period. The versatile nature of tractors is likely to benefit the growth of the segment

  • The aftermarket distribution segment accounted for the largest share of revenue in 2020 and is expected to be the dominant segment during the forecast period due to increasing tire replacement by farmers.

  • The agricultural tire market in Asia Pacific is expected to experience the fastest growth in terms of income over the forecast period due to factors such as population increase, increase in disposable income of middle class population and industrialization and l rapid urbanization

  • Major market players are merging and collaborating to expand their reach, thus increasing their market share

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Market Variables, Trends and Scope
3.1. Industry value chain analysis
3.2. Technology overview
3.3. Regulatory framework
3.4. Farm Tire Market – Market Dynamics
3.4.1. Market driver analysis
3.4.2. Analysis of market restrictions
3.5. Mapping of penetration and growth prospects
3.6. Analysis of Business Environmental Tools: Farm Tire Market
3.6.1. Porter’s Five Forces Analysis
3.6.2. PESTLE analysis

Chapter 4. Farm Tire Market: Product Estimates and Trend Analysis
4.1. Definition and scope
4.2. Agricultural Tire Market: Analysis of Product Movement, 2020 and 2028
4.3. Tire Bias
4.3.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
4.4. Radial tire
4.4.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)

Chapter 5. Agricultural Tire Market: Application Estimates and Trend Analysis
5.1. Definition and scope
5.2. Agricultural Tire Market: Application Movement Analysis, 2020 and 2028
5.3. Tractors
5.3.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
5.4. Harvesters
5.4.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
5.5. Forestry
5.5.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
5.6. Irrigation
5.6.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
5.7. To launch the project
5.7.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
5.8. Sprayers
5.8.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)

Chapter 6. Farm Tire Market: Distribution Estimates and Trend Analysis
6.1. Definition and scope
6.2. Agricultural tires market: analysis of distribution movements, 2020 and 2028
6.3. OEM
6.3.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)
6.4. Secondary market
6.4.1. Market Estimates & Forecasts, 2017 – 2028 (Thousands of Units) (USD Million)

Chapter 7. Farm Tire Market: Regional Estimates and Trend Analysis

Chapter 8. Competitive landscape
8.1. Company market share
8.2. Supplier landscape
8.3. Competitive environment
8.4. Competitive market positioning
8.5. Categorization of market participation
8.6. Heat map analysis
8.7. List of dealers

Chapter 9. Company Profiles
9.1. Balkrishna Industries Limited (BKT)
9.1.1. Company presentation
9.1.2. Financial performance
9.1.3. Comparative analysis of products
9.1.4. Strategic initiatives
9.2. Bridgestone Company
9.2.1. Company presentation
9.2.2. Financial performance
9.2.3. Comparative analysis of products
9.2.4. Strategic initiatives
9.3. Continental SA
9.3.1. Company presentation
9.3.2. Financial performance
9.3.3. Comparative analysis of products
9.3.4. Strategic initiatives
9.4. Michelin
9.4.1. Company presentation
9.4.2. Financial performance
9.4.3. Comparative analysis of products
9.4.4. Strategic initiatives
9.5. Sumitomo Rubber Industries, Ltd.
9.5.1. Company presentation
9.5.2. Financial performance
9.5.3. Comparative analysis of products
9.5.4. Strategic initiatives
9.6. Titan International, Inc.
9.6.1. Company presentation
9.6.2. Financial performance
9.6.3. Comparative analysis of products
9.6.4. Strategic initiatives
9.7. Mitas Tires Global, Inc.
9.7.1. Company presentation
9.7.2. Financial performance
9.7.3. Comparative analysis of products
9.7.4. Strategic initiatives
9.8. Company to be confirmed
9.8.1. Company presentation
9.8.2. Financial performance
9.8.3. Comparative analysis of products
9.8.4. Strategic initiatives
9.9. Apollo Tire Ltd.
9.9.1. Company presentation
9.9.2. Financial performance
9.9.3. Comparative analysis of products
9.9.4. Strategic initiatives
9.10. Hankook tire
9.10.1. Company presentation
9.10.2. Financial performance
9.10.3. Comparative analysis of products
9.10.4. Strategic initiatives
9.11. MRF Limited
9.11.1. Company presentation
9.11.2. Financial performance
9.11.3. Comparative analysis of products
9.11.4. Strategic initiatives
9.12. JK Tire & Industries Ltd.
9.12.1. Company presentation
9.12.2. Financial performance
9.12.3. Comparative analysis of products
9.12.4. Strategic initiatives
9.13. CEAT Ltd.
9.13.1. Company presentation
9.13.2. Financial performance
9.13.3. Comparative analysis of products
9.13.4. Strategic initiatives
9.14. The Carlstar Group, LLC
9.14.1. Company presentation
9.14.2. Financial performance
9.14.3. Comparative analysis of products
9.14.4. Strategic initiatives
9.15. Specialty Tires of America, Inc.
9.15.1. Company presentation
9.15.2. Financial performance
9.15.3. Comparative analysis of products
9.15.4. Strategic initiatives
9.16. ATG
9.16.1. Company presentation
9.16.2. Financial performance
9.16.3. Comparative analysis of products
9.16.4. Strategic initiatives
9.17. Trelleborg AB
9.17.1. Company presentation
9.17.2. Financial performance
9.17.3. Comparative analysis of products
9.17.4. Strategic initiatives

For more information on this report, visit https://www.researchandmarkets.com/r/lbo8oj?

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