Global Farm Tire Market – Industry Analysis and Forecast (2019-2026) – By Product, Application, Distribution channel, and Geography

Global Farm Tire Market – Industry Analysis and Forecast (2019-2026) – By Product, Application, Distribution channel, and Geography

Market Scenario

Global Farm Tire Market was valued US$ 5.10 Bn in 2018 and is expected to reach US$ 7.80 Bn by 2026, at a CAGR of 6.2 % during a forecast period. Global Farm Tire Market by Product The major factor driving the growth of the global farm tire market is the ever-increasing grow the population. An increase in population has only led to a rise in demand for agricultural products. Adoption of advanced technologies by farmers to raise agricultural yield as well as meet soaring food demand is estimated to be a key factor driving the market. Tractor sales have been witnessing substantial growth over the past few years because of increasing demand for technological up-gradation. This is a positive impact on market growth. However, government support for sustainable farming practices in some countries is aimed at reducing the harmful environmental impacts of different agricultural practices, which includes the use of certain agricultural vehicles. This could limit the demand for farm tires over the forecast period. Also, weather dependency on-farm activities and commodity price volatility are some other major factors restraining market growth. According to the product, the bias tires product segment is expected to be driven on account of crosshatch construction of plies, which reduces wear and tear of the product. The radial tires product segment accounted for 36.7% of the revenue in 2018 thanks to developed puncture resistance offered by rubber-coated steel belts used in the tires. Moreover, the running temperature of radial tires is lower than its counterpart as the structure of radial technology reduces rolling resistance. By application, tractors are anticipated to witness rapid growth due to new product development and multiple variants of the vehicle available in the market to suit specific requirements of various farming processes. Furthermore, the use of tractors with multiple farming equipment is anticipated to drive product demand in the application segment. Among distribution channels, the Aftermarket is owing to rising and recurrent need to replace older tires with new and developed ones. Moreover, the sale of new agricultural vehicles is relatively lower, on account of which product demand through the aftermarket channel is high. The farm tire market through the OEM channel is driven by demand for new agricultural vehicles such as tractors and harvesters. Region-wise, Europe is expected to be the largest market for farm tires followed by North America and the Asia Pacific. The Asia Pacific is estimated to be the fastest-growing market for farm tires because of the presence of established end-user industries. The objective of the report is to present a comprehensive analysis of the Global Farm Tire Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Farm Tire Market dynamics, structure by analyzing the market segments and project the Global Farm Tire Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Farm Tire Market make the report investor’s guide.

Scope of the Global Farm Tire Market

Global Farm Tire Market by Product

• Bias tires • Radial tires

Global Farm Tire Market by Application

• Tractors • Harvesters • Others

Global Farm Tire Market by Distribution Channel

• OEM • Aftermarket

Global Farm Tire Market by Geography

• North America • Europe • Middle East & Africa • Asia Pacific • Latin America

Key players in the Global Farm Tire Market

• Balkrishna Industries Limited (BKT) • Bridgestone Corporation • Continental AG • The Goodyear Tire & Rubber Company • Michelin • Mitas Tires Global Inc. • TBC Corp. • Titan International • Sumitomo Rubber Industries Ltd. • Pirelli & C. S.P.A. • Goodyear • Camso • Apollo Tires • Trelleborg Wheel Systems • Armour Tyres • Firestone Asia Pacific Electric Power Steering Market  

Table of Contents

Global Farm Tire Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 1.4. Key Questions Answered 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 3. Executive Summary 3.1. Global Farm Tire Market Size, by Market Value (US$ Bn) and Market, by Region 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.3. Drivers and Restraints Snapshot Analysis 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.3.4. Porter’s Analysis 4.3.5. Value Chain Analysis 4.3.6. SWOT Analysis 5. Global Farm Tire Market Analysis and Forecast 5.1. Global Farm Tire Market Analysis and Forecast 5.2. Global Farm Tire Market Size& Y-o-Y Growth Analysis 5.2.1. North America 5.2.2. Europe 5.2.3. Asia Pacific 5.2.4. Middle East & Africa 5.2.5. Latin America 6. Global Farm Tire Market Analysis and Forecast, by Distribution Channel 6.1. Introduction and Definition 6.2. Key Findings 6.3. Global Farm Tire Market Value Share Analysis, by Distribution Channel 6.4. Global Farm Tire Market Market Size (US$ Bn) Forecast, by Distribution Channel 6.5. Global Farm Tire Market Analysis, by Distribution Channel 6.6. Farm Tire Market Attractiveness Analysis, by Distribution Channel 7. Global Farm Tire Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Global Farm Tire Market Value Share Analysis, by Application 7.3. Global Farm Tire Market Market Size (US$ Bn) Forecast, by Application 7.4. Global Farm Tire Market Analysis, by Application 7.5. Global Farm Tire Market Attractiveness Analysis, by Application 8. Global Farm Tire Market Analysis and Forecast, by Product 8.1. Introduction and Definition 8.2. Global Farm Tire Market Value Share Analysis, by Product 8.3. Global Farm Tire Market Market Size (US$ Bn) Forecast, by Product 8.4. Global Farm Tire Market Analysis, by Product 8.5. Global Farm Tire Market Attractiveness Analysis, by Product 9. Global Farm Tire Market Analysis, by Region 9.1. Global Farm Tire Market Value Share Analysis, by Region 9.2. Global Farm Tire Market Market Size (US$ Bn) Forecast, by Region 9.3. Global Farm Tire Market Attractiveness Analysis, by Region 10. North America Farm Tire Market Analysis 10.1. Key Findings 10.2. North America Farm Tire Market Overview 10.3. North America Farm Tire Market Value Share Analysis, by Distribution Channel 10.4. North America Farm Tire Market Forecast, by Distribution Channel 10.4.1. OEM 10.4.2. Aftermarket 10.5. North America Farm Tire Market Value Share Analysis, by Application 10.6. North America Farm Tire Market Forecast, by Application 10.6.1. Tractors 10.6.2. Harvesters 10.6.3. Others 10.7. North America Farm Tire Market Value Share Analysis, by Product 10.8. North America Farm Tire Market Forecast, by Product 10.8.1. Bias tires 10.8.2. Radial tires 10.9. North America Farm Tire Market Value Share Analysis, by Country 10.10. North America Farm Tire Market Forecast, by Country 10.10.1. U.S. 10.10.2. Canada 10.11. North America Farm Tire Market Analysis, by Country 10.12. U.S. Farm Tire Market Forecast, by Distribution Channel 10.12.1. OEM 10.12.2. Aftermarket 10.13. U.S. Farm Tire Market Forecast, by Application 10.13.1. Tractors 10.13.2. Harvesters 10.13.3. Others 10.14. U.S. Farm Tire Market Forecast, by Product 10.14.1. Bias tires 10.14.2. Radial tires 10.15. Canada Farm Tire Market Forecast, by Distribution Channel 10.15.1. OEM 10.15.2. Aftermarket 10.16. Canada Farm Tire Market Forecast, by Application 10.16.1. Tractors 10.16.2. Harvesters 10.16.3. Others 10.17. Canada Farm Tire Market Forecast, by Product 10.17.1. Bias tires 10.17.2. Radial tires 10.18. North America Farm Tire Market Attractiveness Analysis 10.18.1. By Distribution Channel 10.18.2. By Application 10.18.3. By Product 10.19. PEST Analysis 11. Europe Farm Tire Market Analysis 11.1. Key Findings 11.2. Europe Farm Tire Market Overview 11.3. Europe Farm Tire Market Value Share Analysis, by Distribution Channel 11.4. Europe Farm Tire Market Forecast, by Distribution Channel 11.4.1. OEM 11.4.2. Aftermarket 11.5. Europe Farm Tire Market Value Share Analysis, by Application 11.6. Europe Farm Tire Market Forecast, by Application 11.6.1. Tractors 11.6.2. Harvesters 11.6.3. Others 11.7. Europe Farm Tire Market Value Share Analysis, by Product 11.8. Europe Farm Tire Market Forecast, by Product 11.8.1. Bias tires 11.8.2. Radial tires 11.9. Europe Farm Tire Market Value Share Analysis, by Country 11.10. Europe Farm Tire Market Forecast, by Country 11.10.1. Germany 11.10.2. U.K. 11.10.3. France 11.10.4. Italy 11.10.5. Spain 11.10.6. Rest of Europe 11.11. Europe Farm Tire Market Analysis, by Country/ Sub-region 11.12. Germany Farm Tire Market Forecast, by Distribution Channel 11.12.1. OEM 11.12.2. Aftermarket 11.13. Germany Farm Tire Market Forecast, by Application 11.13.1. Tractors 11.13.2. Harvesters 11.13.3. Others 11.14. Germany Farm Tire Market Forecast, by Product 11.14.1. Bias tires 11.14.2. Radial tires 11.15. U.K. Farm Tire Market Forecast, by Distribution Channel 11.15.1. OEM 11.15.2. Aftermarket 11.16. U.K. Farm Tire Market Forecast, by Application 11.16.1. Tractors 11.16.2. Harvesters 11.16.3. Others 11.17. U.K. Farm Tire Market Forecast, by Product 11.17.1. Bias tires 11.17.2. Radial tires 11.18. France Farm Tire Market Forecast, by Distribution Channel 11.18.1. OEM 11.18.2. Aftermarket 11.19. France Farm Tire Market Forecast, by Application 11.19.1. Tractors 11.19.2. Harvesters 11.19.3. Others 11.20. France Farm Tire Market Forecast, by Product 11.20.1. Bias tires 11.20.2. Radial tires 11.21. Italy Farm Tire Market Forecast, by Distribution Channel 11.21.1. OEM 11.21.2. Aftermarket 11.22. Italy Farm Tire Market Forecast, by Application 11.22.1. Tractors 11.22.2. Harvesters 11.22.3. Others 11.23. Italy Farm Tire Market Forecast, by Product 11.23.1. Bias tires 11.23.2. Radial tires 11.24. Spain Farm Tire Market Forecast, by Distribution Channel 11.24.1. OEM 11.24.2. Aftermarket 11.25. Spain Farm Tire Market Forecast, by Application 11.25.1. Tractors 11.25.2. Harvesters 11.25.3. Others 11.26. Spain Farm Tire Market Forecast, by Product 11.26.1. Bias tires 11.26.2. Radial tires 11.27. Rest of Europe Farm Tire Market Forecast, by Distribution Channel 11.27.1. OEM 11.27.2. Aftermarket 11.28. Rest of Europe Farm Tire Market Forecast, by Application 11.28.1. Tractors 11.28.2. Harvesters 11.28.3. Others 11.29. Rest of Europe Farm Tire Market Forecast, by Product 11.29.1. Bias tires 11.29.2. Radial tires 11.30. Europe Farm Tire Market Attractiveness Analysis 11.30.1. By Distribution Channel 11.30.2. By Application 11.30.3. By Product 11.31. PEST Analysis 12. Asia Pacific Farm Tire Market Analysis 12.1. Key Findings 12.2. Asia Pacific Farm Tire Market Overview 12.3. Asia Pacific Farm Tire Market Value Share Analysis, by Distribution Channel 12.4. Asia Pacific Farm Tire Market Forecast, by Distribution Channel 12.4.1. OEM 12.4.2. Aftermarket 12.5. Asia Pacific Farm Tire Market Value Share Analysis, by Application 12.6. Asia Pacific Farm Tire Market Forecast, by Application 12.6.1. Tractors 12.6.2. Harvesters 12.6.3. Others 12.7. Asia Pacific Farm Tire Market Value Share Analysis, by Product 12.8. Asia Pacific Farm Tire Market Forecast, by Product 12.8.1. Bias tires 12.8.2. Radial tires 12.9. Asia Pacific Farm Tire Market Value Share Analysis, by Country 12.10. Asia Pacific Farm Tire Market Forecast, by Country 12.10.1. China 12.10.2. India 12.10.3. Japan 12.10.4. ASEAN 12.10.5. Rest of Asia Pacific 12.11. Asia Pacific Farm Tire Market Analysis, by Country/ Sub-region 12.12. China Farm Tire Market Forecast, by Distribution Channel 12.12.1. OEM 12.12.2. Aftermarket 12.13. China Farm Tire Market Forecast, by Application 12.13.1. Tractors 12.13.2. Harvesters 12.13.3. Others 12.14. China Farm Tire Market Forecast, by Product 12.14.1. Bias tires 12.14.2. Radial tires 12.15. India Farm Tire Market Forecast, by Distribution Channel 12.15.1. OEM 12.15.2. Aftermarket 12.16. India Farm Tire Market Forecast, by Application 12.16.1. Tractors 12.16.2. Harvesters 12.16.3. Others 12.17. India Farm Tire Market Forecast, by Product 12.17.1. Bias tires 12.17.2. Radial tires 12.18. Japan Farm Tire Market Forecast, by Distribution Channel 12.18.1. OEM 12.18.2. Aftermarket 12.19. Japan Farm Tire Market Forecast, by Application 12.19.1. Tractors 12.19.2. Harvesters 12.19.3. Others 12.20. Japan Farm Tire Market Forecast, by Product 12.20.1. Bias tires 12.20.2. Radial tires 12.21. ASEAN Farm Tire Market Forecast, by Distribution Channel 12.21.1. OEM 12.21.2. Aftermarket 12.22. ASEAN Farm Tire Market Forecast, by Application 12.22.1. Tractors 12.22.2. Harvesters 12.22.3. Others 12.23. ASEAN Farm Tire Market Forecast, by Product 12.23.1. Bias tires 12.23.2. Radial tires 12.24. Rest of Asia Pacific Farm Tire Market Forecast, by Distribution Channel 12.24.1. OEM 12.24.2. Aftermarket 12.25. Rest of Asia Pacific Farm Tire Market Forecast, by Application 12.25.1. Tractors 12.25.2. Harvesters 12.25.3. Others 12.26. Rest of Asia Pacific Farm Tire Market Forecast, by Product 12.26.1. Bias tires 12.26.2. Radial tires 12.27. Asia Pacific Farm Tire Market Attractiveness Analysis 12.27.1. By Distribution Channel 12.27.2. By Application 12.27.3. By Product 12.28. PEST Analysis 13. Middle East & Africa Farm Tire Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Farm Tire Market Overview 13.3. Middle East & Africa Farm Tire Market Value Share Analysis, by Distribution Channel 13.4. Middle East & Africa Farm Tire Market Forecast, by Distribution Channel 13.4.1. OEM 13.4.2. Aftermarket 13.5. Middle East & Africa Farm Tire Market Value Share Analysis, by Application 13.6. Middle East & Africa Farm Tire Market Forecast, by Application 13.6.1. Tractors 13.6.2. Harvesters 13.6.3. Others 13.7. Middle East & Africa Farm Tire Market Value Share Analysis, by Product 13.8. Middle East & Africa Farm Tire Market Forecast, by Product 13.8.1. Bias tires 13.8.2. Radial tires 13.9. Middle East & Africa Farm Tire Market Value Share Analysis, by Country 13.10. Middle East & Africa Farm Tire Market Forecast, by Country 13.10.1. GCC 13.10.2. South Africa 13.10.3. Rest of Middle East & Africa 13.11. Middle East & Africa Farm Tire Market Analysis, by Country/ Sub-region 13.12. GCC Farm Tire Market Forecast, by Distribution Channel 13.12.1. OEM 13.12.2. Aftermarket 13.13. GCC Farm Tire Market Forecast, by Application 13.13.1. Tractors 13.13.2. Harvesters 13.13.3. Others 13.14. GCC Farm Tire Market Forecast, by Product 13.14.1. Bias tires 13.14.2. Radial tires 13.15. South Africa Farm Tire Market Forecast, by Distribution Channel 13.15.1. OEM 13.15.2. Aftermarket 13.16. South Africa Farm Tire Market Forecast, by Application 13.16.1. Tractors 13.16.2. Harvesters 13.16.3. Others 13.17. South Africa Farm Tire Market Forecast, by Product 13.17.1. Bias tires 13.17.2. Radial tires 13.18. Rest of Middle East & Africa Farm Tire Market Forecast, by Distribution Channel 13.18.1. OEM 13.18.2. Aftermarket 13.19. Rest of Middle East & Africa Farm Tire Market Forecast, by Application 13.19.1. Tractors 13.19.2. Harvesters 13.19.3. Others 13.20. Rest of Middle East & Africa Farm Tire Market Forecast, by Product 13.20.1. Bias tires 13.20.2. Radial tires 13.21. Middle East & Africa Farm Tire Market Attractiveness Analysis 13.21.1. By Distribution Channel 13.21.2. By Application 13.21.3. By Product 13.22. PEST Analysis 14. Latin America Farm Tire Market Analysis 14.1. Key Findings 14.2. Latin America Farm Tire Market Overview 14.3. Latin America Farm Tire Market Value Share Analysis, by Distribution Channel 14.4. Latin America Farm Tire Market Forecast, by Distribution Channel 14.4.1. OEM 14.4.2. Aftermarket 14.5. Latin America Farm Tire Market Value Share Analysis, by Application 14.6. Latin America Farm Tire Market Forecast, by Application 14.6.1. Tractors 14.6.2. Harvesters 14.6.3. Others 14.7. Latin America Farm Tire Market Value Share Analysis, by Product 14.8. Latin America Farm Tire Market Forecast, by Product 14.8.1. Bias tires 14.8.2. Radial tires 14.9. Latin America Farm Tire Market Value Share Analysis, by Country 14.10. Latin America Farm Tire Market Forecast, by Country 14.10.1. Brazil 14.10.2. Mexico 14.10.3. Rest of Latin America 14.11. Latin America Farm Tire Market Analysis, by Country/ Sub-region 14.12. Brazil Farm Tire Market Forecast, by Distribution Channel 14.12.1. OEM 14.12.2. Aftermarket 14.13. Brazil Farm Tire Market Forecast, by Application 14.13.1. Tractors 14.13.2. Harvesters 14.13.3. Others 14.14. Brazil Farm Tire Market Forecast, by Product 14.14.1. Bias tires 14.14.2. Radial tires 14.15. Mexico Farm Tire Market Forecast, by Distribution Channel 14.15.1. OEM 14.15.2. Aftermarket 14.16. Mexico Farm Tire Market Forecast, by Application 14.16.1. Tractors 14.16.2. Harvesters 14.16.3. Others 14.17. Mexico Farm Tire Market Forecast, by Product 14.17.1. Bias tires 14.17.2. Radial tires 14.18. Rest of Latin America Farm Tire Market Forecast, by Distribution Channel 14.18.1. OEM 14.18.2. Aftermarket 14.19. Rest of Latin America Farm Tire Market Forecast, by Application 14.19.1. Tractors 14.19.2. Harvesters 14.19.3. Others 14.20. Rest of Latin America Farm Tire Market Forecast, by Product 14.20.1. Bias tires 14.20.2. Radial tires 14.21. Latin America Farm Tire Market Attractiveness Analysis 14.21.1. By Distribution Channel 14.21.2. By Application 14.21.3. By Product 14.22. PEST Analysis 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.3. Company Profiles: Key Players 15.3.1. Balkrishna Industries Limited (BKT) 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Business Strategy 15.3.1.4. Recent Developments 15.3.1.5. Manufacturing Footprint 15.3.2. Bridgestone Corporation 15.3.3. Continental AG 15.3.4. The Goodyear Tire & Rubber Company 15.3.5. Michelin 15.3.6. Mitas Tires Global Inc. 15.3.7. TBC Corp. 15.3.8. Titan International 15.3.9. Sumitomo Rubber Industries Ltd. 15.3.10. Pirelli & C. S.P.A. 15.3.11. Goodyear 15.3.12. Camso 15.3.13. Apollo Tires 15.3.14. Trelleborg Wheel Systems 15.3.15. Armour Tyres 15.3.16. Firestone 16. Primary Key Insights

About This Report

Report ID20029
Published Date
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