(MENAFN- America News Hour) “A research report on Agriculture Tire Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global agriculture tire market stood at $ 4. 5 billion in 2022 and is projected to grow at a CAGR of 8.5% to reach $ 7.5 billion by 2031, on account of increasing use of machineries and equipment in the agriculture sector coupled with constant growth in agricultural sector across the globe. Moreover, growing demand for replacement tires on account of expanding global agriculture vehicle fleet is further expected to boost agriculture tire sales, globally.
Objective of the Study:
• To assess the scenario of agriculture tires across the globe.
• To analyze and forecast the market size of agriculture tire market globally.
• To classify and forecast global agriculture tire market based on vehicle type, region and demand category.
• To identify drivers and challenges for global agriculture tire market.
• To identify market trends and developments in the global agriculture tire market.
• To evaluate the average selling price for agricultural tires.
• To identify and analyze the profiles of leading players involved in manufacturing and selling of agriculture tires.
Some of the major companies operating in global agriculture tire market are Compagnie Générale des Établissements Michelin (CGEM), Titan Tire Corporation, Trelleborg AB, Balkrishna Industries Limited, Pirelli & C. S.p.A., Prometeon Tyre Group S.r.l., Bridgestone Corporation, Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Continental Aktiengesellschaft, Sumitomo Rubber Industries Ltd., etc.
In order to perform the study, SDKI conducted primary as well as exhaustive secondary research. Initially, SDKI prepared an exhaustive list of agriculture tire manufacturers and suppliers operating in different regions of the world. Subsequently, SDKI conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, SDKI was able to include manufacturers which could not be identified due to the limitations of secondary research. SDKI analyzed product offerings, distribution channels and regional presence of all the major agriculture tire suppliers across the globe.
SDKI calculated the market size for global agriculture tire market using a bottom-up technique, wherein manufacturers' volume sales data for different vehicle types (tractors, trailers, combine harvesters and others) was recorded as well as forecast for future years. SDKI sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases, Automotive Tyre Manufacturers Association, World Bank, UN Comtrade, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by SDKI.
Key Target Audience:
• Agriculture tire manufacturers and suppliers
• Associations, organizations, forums and alliances related to agriculture tires
• Government bodies such as regulating authorities and policy makers
• Research organizations and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tire manufacturers, distributors and dealers, customers and policy makers. The study would allow the industry stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global agriculture tire market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Market, By Vehicle Type
o Tractors
o Trailers
o Combine Harvesters
o Others
• Market, By Region
o Asia-Pacific
o Europe & CIS Countries
o North America
o South America
o Middle East & Africa
• Market, By Demand Category
o Replacement
o OEM
• Market, By Company
o Compagnie Générale des Établissements Michelin (CGEM)
o Titan Tire Corporation
o Trelleborg AB
o Balkrishna Industries Limited
o Pirelli & C. S.p.A.
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Table of Content 1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
5. Global Agriculture Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Tractors, Combine Harvesters, Trailers, Others)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM & Replacement)
5.3. Market Attractiveness Index (By Vehicle Type)
5.4. Market Attractiveness Index (By Region)
6. Asia-Pacific Agriculture Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Country
6.3. Market Attractiveness Index (By Vehicle Type)
6.4. Market Attractiveness Index (By Country)
6.5. Prominent Tire Sizes (By Country)
6.6. Asia-Pacific: Country Analysis
6.6.1. India Agriculture Tire Market Outlook
6.6.1.1. Market Size & Forecast
6.6.1.1.1. By Value & Volume
6.6.1.2. Market Share & Forecast
6.6.1.2.1. By Vehicle Type
6.6.1.3. Market Attractiveness Index (By Vehicle Type)
6.6.2. China Agriculture Tire Market Outlook
6.6.2.1. Market Size & Forecast
6.6.2.1.1. By Value & Volume
6.6.2.2. Market Share & Forecast
6.6.2.2.1. By Vehicle Type
6.6.2.3. Market Attractiveness Index (By Vehicle Type)
6.6.3. Japan Agriculture Tire Market Outlook
6.6.3.1. Market Size & Forecast
6.6.3.1.1. By Value & Volume
6.6.3.2. Market Share & Forecast
6.6.3.2.1. By Vehicle Type
6.6.3.3. Market Attractiveness Index (By Vehicle Type)
6.6.4. Australia Agriculture Tire Market Outlook
6.6.4.1. Market Size & Forecast
6.6.4.1.1. By Value & Volume
6.6.4.2. Market Share & Forecast
6.6.4.2.1. By Vehicle Type
6.6.4.3. Market Attractiveness Index (By Vehicle Type)
6.6.5. South Korea Agriculture Tire Market Outlook
6.6.5.1. Market Size & Forecast
6.6.5.1.1. By Value & Volume
6.6.5.2. Market Share & Forecast
6.6.5.2.1. By Vehicle Type
6.6.5.3. Market Attractiveness Index (By Vehicle Type)
7. Europe & CIS Countries Agriculture Tire Market Outlook
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About SDKI :
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.