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THE TRACTOR TIRES MARKET SIZE IS PROJECTED TO GROW FROM 21.94 MILLION UNITS IN 2023 TO 29.50 MILLION UNITS BY 2029, GROWING AT A CAGR OF 5.06% DURING THE FORECAST PERIOD.
The Tractor Tires Market Size, Share, & Trends Analysis Report By
- Product Type: Radial and Bias
- Sales Channel: OEM and Aftermarket
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
GLOBAL TRACTOR TIRES MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
Market Size- Shipment (2029) | 29.50 Million Units |
Market Size- Shipment (2023) | 21.94 Million Units |
CAGR (2023-2029) | 5.06% |
Historic Year | 2020-2022 |
Base Year | 2023 |
Forecast Year | 2024-2029 |
Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
KEY PLAYERS | Alliance Tire Group, Balkrishna Industries Limited (BKT), Bridgestone, Michelin, Titan International, and Trelleborg |
SEGMENTS | Product Type, Sales Channel, and Geography |
MARKET INSIGHTS
The global tractor tire market size is projected to expand from 21.94 million units in 2023 to 29.50 million units by 2029, representing a robust Compound Annual Growth Rate (CAGR) of 5.06%. This substantial growth in tractor tire market size is underpinned by comprehensive market dynamics and transformative agricultural trends across multiple geographical regions.
Recent Developments in the Global Tractor Tires Market
- Firestone Ag, a division of Bridgestone Americas, has launched a new line of premium Bridgestone tractor tires for US and Canadian markets in August 2024. These tires, designed with advanced tread and lug technology, offer enhanced durability, improved soil health, and fuel-efficient traction, delivering up to 45% more wear life. Available from September 1, 2024, the VX, VT, and VX-R TRACTOR tires cater to diverse farming needs with a 10-year limited warranty.
- Hercules Tire and Rubber Company, a subsidiary of American Tire Distributors, launched the AG-TRAC F-2 in April 2024, a versatile tire engineered for superior performance across various agricultural surfaces. Available in two 16" sizes for 2WD front tractor wheels, this robust tire features durable construction, enhanced flotation, and excellent steering response, ensuring optimal traction and control in diverse farming environments.
- On May 1, 2023, Trelleborg Wheel Systems announced the successful completion of its acquisition by The Yokohama Rubber Co., Ltd. for €2,074 million. The newly formed entity, Yokohama TWS, will maintain its existing organizational structure while enhancing Yokohama's position as a global leader in the off-highway tire market, complemented by Trelleborg’s portfolio of brands and services.
KEY GROWTH DRIVERS
The tractor tire market size is primarily propelled by several interconnected factors. Agricultural mechanization in developing economies like India and China is a critical catalyst, with government initiatives supporting modern farming techniques. Population growth and increasing global food demand are creating substantial opportunities for tractor tire market expansion, compelling manufacturers to develop high-performance, durable tire solutions.
Technological and Market Innovations
Advancing the tractor tire market size are significant technological innovations. Smart tire technologies, real-time pressure monitoring systems, and environmentally friendly low-rolling-resistance designs are reshaping market dynamics. Leading manufacturers such as Michelin, Bridgestone, and Trelleborg are instrumental in driving these technological advancements, directly influencing the tractor tire market size through cutting-edge product development.
REGIONAL DYNAMICS
Asia-Pacific
The Asia-Pacific region represents the fastest-growing tractor tire market, characterized by rapid agricultural mechanization and significant government investments. Countries like China, India, and Southeast Asian nations are driving market expansion through supportive policies, technological adoption, and increasing agricultural productivity. The region's growing population and food demand further accelerate the tractor tire market's growth.
North America
North America's tractor tire market is defined by mature agricultural practices and high precision agriculture adoption. The United States and Canada lead this market with advanced farming techniques, sophisticated technological integration, and a strong emphasis on equipment efficiency. This region demonstrates a sophisticated approach to agricultural mechanization, driving continuous innovation in tractor tire technologies.
Europe
The European tractor tire market is distinguished by its sophisticated agricultural infrastructure, strong regulatory frameworks, and commitment to sustainable farming practices. European countries invest heavily in agricultural technologies that minimize environmental impact, creating a dynamic market for advanced, eco-friendly tire solutions. The market is characterized by consistent growth and a focus on precision agriculture.
Latin America
Latin America's tractor tire market is an emerging segment with significant growth potential. Countries like Brazil are driving market expansion through government support programs, increasing agricultural mechanization, and growing investments in modern farming technologies. The region presents lucrative opportunities for tire manufacturers looking to expand their global footprint.
Middle East & Africa
The Middle East and African markets represent developing agricultural sectors with increasing mechanization rates. These regions are experiencing transformative changes in agricultural practices, creating substantial opportunities for tractor tire market expansion. Government initiatives and international investments are supporting the gradual modernization of farming techniques.
FUTURE OUTLOOK
The projected tractor tire market size growth reflects broader trends in agricultural modernization, technological innovation, and global food security requirements. Sustainable farming practices, government support, and continuous technological advancements will be pivotal in shaping the market's trajectory.
The comprehensive analysis underscores the tractor tire market size as a dynamic and promising sector, with multiple growth opportunities emerging from technological, agricultural, and economic transformations worldwide.
SNAPSHOT
The global tractor tires market size by revenue is expected to grow at a CAGR of approximately 5.06% from 2023 to 2029.
The following factors are likely to contribute to the growth of the global tractor tires market during the forecast period:
- Increased Frequency of Tractor Tire Replacement
- Government Support and Subsidies for Modernizing Agriculture
- Rising Demand for Food Production
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the global tractor tires market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.
Key Company Profiles
- Alliance Tire Group
- Business Overview
- Product Offerings
- Key Strategies
- Key Strengths
- Key Opportunities
- Balkrishna Industries Limited (BKT)
- Bridgestone
- Michelin
- Titan International
- Trelleborg
Other Prominent Vendors
- Continental
- Business Overview
- Product Offerings
- Mitas
- Carlisle
- Vredestein
- Galaxy
- Linglong
- Hankook
- Pirelli
- Toyo Tires
- CEAT
- Yokohama
- Cultor
- Kleber
- Kenda Rubber Industrial Co., Ltd
- Kormoran
- Nokian Tyres plc
- MRF
- Dunlop
- Sava
- Cooper
- Camso
- JK Tyre
- Double Coin
- Prinx Chengshan
- Shandong Hengfeng Rubber & Plastic Co., Ltd.
- Belshina
- Petlas
- Sime Tyres
- Deestone Ltd.
- ZC Rubber (Zhongce Rubber Group Co., Ltd.)
- Armstrong Tires
Segmentation by Product Type
- Radial
- Bias
Segmentation by Sales Channel
- OEMs
- Aftermarket
Segmentation by Geography
- APAC
- India
- China
- Thailand
- Malaysia
- Australia
- Indonesia
- North America
- The U.S.
- Canada
- Europe
- France
- Germany
- Italy
- Poland
- The U.K.
- Spain
- Sweden
- Finland
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- Egypt
Frequently Asked Questions
How big is the global tractor tires market?
Which region holds the most significant global tractor tires market share?
What are the significant trends in the tractor tires industry?
What is the growth rate of the global tractor tires market?
Who are the key players in the global tractor tires market?
EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023
EXHIBIT 2 KEY FACTORS RAISING THE DEMAND FOR TRACTOR TIRES
EXHIBIT 3 SUPPLY CHAIN ANALYSIS OF GLOBAL TRACTOR TIRE MARKET
EXHIBIT 4 IMPACT OF TECHNOLOGICAL ADVANCEMENTS IN TIRE MANUFACTURING
EXHIBIT 5 IMPACT OF EXPANSION OF TRACTOR TIRE MARKETS IN EMERGING ECONOMIES
EXHIBIT 6 IMPACT OF THE GROWING OUTLOOK OF PRECISION AGRICULTURE
EXHIBIT 7 IMPACT OF INCREASED FREQUENCY OF TRACTOR TIRE REPLACEMENT
EXHIBIT 8 IMPACT OF GOVERNMENT SUPPORT AND SUBSIDIES FOR MODERNIZING AGRICULTURE
EXHIBIT 9 IMPACT OF RISING DEMAND FOR FOOD PRODUCTION
EXHIBIT 10 IMPACT OF DISRUPTIVE FORCES IN SUPPLY CHAINS AND LOGISTICS
EXHIBIT 11 IMPACT OF REGULATORY CHALLENGES AND COMPLIANCE COSTS
EXHIBIT 12 IMPACT OF FLUCTUATIONS IN RAW MATERIAL PRICES
EXHIBIT 13 GLOBAL TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 14 FIVE FORCES ANALYSIS 2023
EXHIBIT 15 INCREMENTAL GROWTH BY PRODUCT TYPE 2023 & 2029 (MILLION UNITS)
EXHIBIT 16 GLOBAL TRACTOR TIRE MARKET BY PRODUCT TYPE (2023 & 2029)
EXHIBIT 17 ADVANTAGES OF RADIAL TIRES
EXHIBIT 18 RADIAL TRACTOR TIRE MARKET 2023–2029 (MILLION UNITS)
EXHIBIT 19 ADVANTAGES OF BIAS TIRES
EXHIBIT 20 GLOBAL BIAS TRACTOR TIRE MARKET 2023–2029 (MILLION UNITS)
EXHIBIT 21 INCREMENTAL GROWTH BY SALES CHANNEL TYPE 2023 & 2029 (MILLION UNITS)
EXHIBIT 22 GLOBAL TRACTOR TIRE MARKET BY SALES CHANNELS (2023 & 2029)
EXHIBIT 23 OEM TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 24 GLOBAL AFTERMARKET TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 25 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029 (MILLION UNITS)
EXHIBIT 26 OVERVIEW OF GLOBAL TRACTOR TIRE MARKET BY GEOGRAPHY (%)
EXHIBIT 27 APAC TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 28 INCREMENTAL GROWTH IN APAC TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
EXHIBIT 29 INDIA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 30 CHINA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 31 THAILAND TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 32 MALAYSIA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 33 AUSTRALIA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 34 INDONESIA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 35 NORTH AMERICA TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 36 INCREMENTAL GROWTH IN THE NORTH AMERICA TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
EXHIBIT 37 TRACTOR TIRE MARKET IN THE US 2020–2029 (THOUSAND UNITS)
EXHIBIT 38 CANADA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 39 RECENT COLLABORATIONS AND DEVELOPMENTS IN THE EUROPEAN TRACTOR TIRE MARKET
EXHIBIT 40 EUROPE TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 41 INCREMENTAL GROWTH IN THE EUROPE TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
EXHIBIT 42 FRANCE TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 43 GERMANY TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 44 ITALY TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 45 TRACTOR TIRE MARKET IN THE UK 2020–2029 (THOUSAND UNITS)
EXHIBIT 46 POLAND TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 47 SPAIN TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 48 SWEDEN TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 49 SWEDEN TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 50 LATIN AMERICA TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 51 INCREMENTAL GROWTH IN THE LATIN AMERICA TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
EXHIBIT 52 BRAZIL TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 53 MEXICO TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 54 ARGENTINA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 55 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET 2020–2029 (MILLION UNITS)
EXHIBIT 56 INCREMENTAL GROWTH IN THE MIDDLE EAST & AFRICA TRACTOR TIRE MARKET 2023 & 2029 (THOUSAND UNITS)
EXHIBIT 57 TURKEY TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 58 SOUTH AFRICA TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 59 EGYPT TRACTOR TIRE MARKET 2020–2029 (THOUSAND UNITS)
EXHIBIT 60 MARKET SHARE OF MAJOR VENDORS, 2023 (%)
EXHIBIT 61 TOTAL REVENUE OF ALLIANCE BY REGION, 2023 (%)
EXHIBIT 62 TOTAL REVENUE OF BKT BY REGION, 2023 (%)
EXHIBIT 63 TOTAL REVENUE OF BRIDGESTONE BY REGION, 2023 (%)
EXHIBIT 64 TOTAL REVENUE OF MICHELIN BY REGION, 2023 (%)
EXHIBIT 65 TOTAL REVENUE OF TITAN INTERNATIONAL BY REGION, 2023 (%)
EXHIBIT 66 TOTAL REVENUE OF TRELLEBORG BY REGION, 2023 (%)
EXHIBIT 67 KEY CAVEATS
LIST OF TABLES
TABLE 1 LIST OF PROMINENT RUBBER PRODUCING COUNTRIES, 2023 (METRIC TONS)
TABLE 2 SUMMARY OF RADIAL VS BIAS TIRES
TABLE 3 SUMMARY TABLE OF REGIONAL MARKET SHARE DYNAMICS
TABLE 4 RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 5 RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 6 BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 7 BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 8 OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 9 OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 10 AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 11 AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 12 APAC TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (THOUSAND UNITS)
TABLE 13 APAC TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (%)
TABLE 14 APAC TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (THOUSAND UNITS)
TABLE 15 APAC TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (%)
TABLE 16 NORTH AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (THOUSAND UNITS)
TABLE 17 NORTH AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (%)
TABLE 18 NORTH AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (THOUSAND UNITS)
TABLE 19 NORTH AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (%)
TABLE 20 EUROPE TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (THOUSAND UNITS)
TABLE 21 EUROPE TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (%)
TABLE 22 EUROPE TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (THOUSAND UNITS)
TABLE 23 EUROPE TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (%)
TABLE 24 LATIN AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (THOUSAND UNITS)
TABLE 25 LATIN AMERICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (%)
TABLE 26 LATIN AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (THOUSAND UNITS)
TABLE 27 LATIN AMERICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (%)
TABLE 28 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (THOUSAND UNITS)
TABLE 29 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY PRODUCT TYPE 2023−2029 (%)
TABLE 30 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (THOUSAND UNITS)
TABLE 31 MIDDLE EAST & AFRICA TRACTOR TIRE MARKET BY SALES CHANNEL TYPE 2023−2029 (%)
TABLE 32 ALLIANCE TIRE GROUP: MAJOR PRODUCT OFFERINGS
TABLE 33 BKT: MAJOR PRODUCT OFFERINGS
TABLE 34 BRIDGESTONE: MAJOR PRODUCT OFFERINGS
TABLE 35 MICHELIN: MAJOR PRODUCT OFFERINGS
TABLE 36 TITAN INTERNATIONAL: MAJOR PRODUCT OFFERINGS
TABLE 37 TRELLEBORG: MAJOR PRODUCT OFFERINGS
TABLE 38 CONTINENTAL: MAJOR PRODUCT OFFERINGS
TABLE 39 MITAS: MAJOR PRODUCT OFFERINGS
TABLE 40 CARLISLE: MAJOR PRODUCT OFFERINGS
TABLE 41 VREDESTEIN: MAJOR PRODUCT OFFERINGS
TABLE 42 GALAXY: MAJOR PRODUCT OFFERINGS
TABLE 43 LINGLONG: MAJOR PRODUCT OFFERINGS
TABLE 44 HANKOOK: MAJOR PRODUCT OFFERINGS
TABLE 45 PIRELLI: MAJOR PRODUCT OFFERINGS
TABLE 46 TOYO: MAJOR PRODUCT OFFERINGS
TABLE 47 CEAT: MAJOR PRODUCT OFFERINGS
TABLE 48 YOKOHAMA: MAJOR PRODUCT OFFERINGS
TABLE 49 CULTOR: MAJOR PRODUCT OFFERINGS
TABLE 50 KLEBER: MAJOR PRODUCT OFFERINGS
TABLE 51 KENDA: MAJOR PRODUCT OFFERINGS
TABLE 52 KORMORAN: MAJOR PRODUCT OFFERINGS
TABLE 53 NOKIAN: MAJOR PRODUCT OFFERINGS
TABLE 54 MRF: MAJOR PRODUCT OFFERINGS
TABLE 55 DUNLOP: MAJOR PRODUCT OFFERINGS
TABLE 56 SAVA: MAJOR PRODUCT OFFERINGS
TABLE 57 COOPER: MAJOR PRODUCT OFFERINGS
TABLE 58 CAMSO: MAJOR PRODUCT OFFERINGS
TABLE 59 JK TYRE: MAJOR PRODUCT OFFERINGS
TABLE 60 DOUBLE COIN: MAJOR PRODUCT OFFERINGS
TABLE 61 PRINX CHENGSHAN: MAJOR PRODUCT OFFERINGS
TABLE 62 SHANDONG HENGFENG RUBBER: MAJOR PRODUCT OFFERINGS
TABLE 63 BELSHINA: MAJOR PRODUCT OFFERINGS
TABLE 64 PETLAS: MAJOR PRODUCT OFFERINGS
TABLE 65 SIME TYRES: MAJOR PRODUCT OFFERINGS
TABLE 66 DEESTONE LTD.: MAJOR PRODUCT OFFERINGS
TABLE 67 ZC RUBBER: MAJOR PRODUCT OFFERINGS
TABLE 68 ARMSTRONG: MAJOR PRODUCT OFFERINGS
TABLE 69 GLOBAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 70 GLOBAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 71 GLOBAL TRACTOR TIRE MARKET BY PRODUCT 2023−2029 (MILLION UNITS)
TABLE 72 GLOBAL TRACTOR TIRE MARKET BY PRODUCT 2023−2029 (%)
TABLE 73 GLOBAL RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 74 GLOBAL RADIAL TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 75 GLOBAL BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 76 GLOBAL BIAS TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 77 GLOBAL TRACTOR TIRE MARKET BY SALES CHANNEL 2023−2029 (MILLION UNITS)
TABLE 78 GLOBAL TRACTOR TIRE MARKET BY SALES CHANNEL 2023−2029 (%)
TABLE 79 GLOBAL OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 80 GLOBAL OEM TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 81 GLOBAL AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (MILLION UNITS)
TABLE 82 GLOBAL AFTERMARKET TRACTOR TIRE MARKET BY GEOGRAPHY 2023−2029 (%)
TABLE 83 CURRENCY CONVERSION 2016−2023
1. SCOPE & COVERAGE
1.1. MARKET DEFINITION
1.1.1. INCLUSIONS
1.1.2. EXCLUSIONS
1.1.3. MARKET ESTIMATION CAVEATS
1.2. SEGMENTS COVERED & DEFINITION
1.2.1. MARKET DEFINITION BY PRODUCT TYPE
1.2.2. MARKET DEFINITION BY SALES CHANNELS
1.2.3. REGIONS & COUNTRIES COVERED:
1.3. MARKET DERIVATION
1.3.1. HISTORIC, BASE & FORECAST YEARS
2. PREMIUM INSIGHTS
2.1. OPPORTUNITY POCKETS
2.2. MARKET MATURITY INDICATOR
2.3. REGIONAL INSIGHTS
2.4. REPORT OVERVIEW
2.5. MARKET TRENDS & OPPORTUNITIES
2.5.1. TECHNOLOGICAL ADVANCEMENTS IN TIRE MANUFACTURING
2.5.2. EXPANSION OF TRACTOR TIRE MARKETS IN EMERGING ECONOMIES
2.5.3. GOVERNMENT SUPPORT AND SUBSIDIES FOR MODERNIZING AGRICULTURE
2.6. SEGMENTAL ANALYSIS
2.6.1. PRODUCT TYPE
2.6.2. SALES CHANNEL TYPE
2.7. VENDOR LANDSCAPE
2.7.1. RECENT DEVELOPMENTS
3. MARKET AT A GLANCE
4. INTRODUCTION
4.1. OVERVIEW
4.2. PROMINENT RUBBER PRODUCING COUNTRIES
4.3. RECENT DEVELOPMENTS
4.4. SUPPLY CHAIN ANALYSIS
4.4.1. RAW MATERIAL PROCUREMENT
4.4.2. MANUFACTURING AND PRODUCTION
4.4.3. LOGISTICS AND DISTRIBUTION
4.4.4. MARKET DEMAND AND REGIONAL DYNAMICS
4.4.5. TECHNOLOGY AND INNOVATION
4.4.6. AFTERMARKET SERVICES AND SUPPORT
4.4.7. CHALLENGES AND RISKS
4.4.8. SUSTAINABILITY AND ENVIRONMENTAL CONSIDERATIONS
5. MARKET OPPORTUNITIES & TRENDS
5.1. TECHNOLOGICAL ADVANCEMENTS IN TIRE MANUFACTURING
5.1.1. INTELLIGENT AUTOMATION AND INDUSTRY 4.0
5.1.2. ADDITIVE MANUFACTURING (3D PRINTING)
5.1.3. ADVANCED MATERIALS AND SUSTAINABILITY
5.1.4. INTERNET OF THINGS (IOT) INTEGRATION
5.1.5. SMART TIRE TECHNOLOGIES
5.2. EXPANSION OF TRACTOR TIRE MARKETS IN EMERGING ECONOMIES
5.2.1. RISING MECHANIZATION IN AGRICULTURE
5.2.2. GOVERNMENT SUPPORT AND SUBSIDIES
5.2.3. INFRASTRUCTURE DEVELOPMENT
5.2.4. STRATEGIC PARTNERSHIPS AND LOCAL MANUFACTURING
5.2.5. SUSTAINABILITY AND ECO-FRIENDLY INITIATIVES
5.3. GROWING OUTLOOK OF PRECISION AGRICULTURE
5.3.1. IMPACT OF PRECISION AGRICULTURE ON TRACTOR TIRE DEMAND
6. MARKET GROWTH ENABLERS
6.1. INCREASED FREQUENCY OF TRACTOR TIRE REPLACEMENT
6.1.1. TECHNOLOGICAL INNOVATIONS AND THE IMPACT ON TIRE LIFESPAN
6.1.2. STRATEGIC RESPONSES BY MANUFACTURERS
6.2. GOVERNMENT SUPPORT AND SUBSIDIES FOR MODERNIZING AGRICULTURE
6.2.1. APAC: ENHANCE FOOD SECURITY AND SUSTAINABILITY
6.2.2. NORTH AMERICA: A FOCUS ON SUSTAINABLE PRACTICES
6.2.3. EUROPEAN INITIATIVES SUPPORTING MODERNIZATION
6.2.4. THE ROLE OF EMERGING MARKETS
6.3. RISING DEMAND FOR FOOD PRODUCTION
6.3.1. GOVERNMENT INITIATIVES AND FINANCIAL SUPPORT
6.3.2. RISING DEMAND IN DIFFERENT REGIONS
7. MARKET RESTRAINTS
7.1. DISRUPTIVE FORCES IN SUPPLY CHAINS AND LOGISTICS
7.1.1. GEOPOLITICAL TENSIONS
7.1.2. RAW MATERIAL SHORTAGES
7.1.3. FLUCTUATING SHIPPING COSTS
7.1.4. EVOLVING CONSUMER DEMAND PATTERNS
7.2. REGULATORY CHALLENGES AND COMPLIANCE COSTS
7.2.1. REGULATORY CHALLENGES
7.2.2. COMPLIANCE COSTS
7.2.3. STRATEGIES FOR OVERCOMING CHALLENGES
7.3. FLUCTUATIONS IN RAW MATERIAL PRICES
7.3.1. SUPPLY CHAIN DISRUPTIONS
7.3.2. WEATHER-RELATED CHALLENGES
7.3.3. HEIGHTENED DEMAND FROM VARIOUS INDUSTRIES
7.3.4. IMPACT ON TRACTOR TIRE MANUFACTURERS
7.3.5. GLOBAL IMPLICATIONS
8. MARKET LANDSCAPE
8.1. MARKET OVERVIEW
8.2. MARKET SIZE & FORECAST
8.3. FIVE FORCES ANALYSIS
8.3.1. THREAT OF NEW ENTRANTS
8.3.2. BARGAINING POWER OF SUPPLIERS
8.3.3. BARGAINING POWER OF BUYERS
8.3.4. THREAT OF SUBSTITUTES
8.3.5. COMPETITIVE RIVALRY
9. PRODUCT TYPE
9.1. MARKET SNAPSHOT & GROWTH ENGINE
9.2. MARKET OVERVIEW
9.2.1. REGIONAL ANALYSIS
9.3. RADIAL
9.3.1. MARKET OVERVIEW
9.3.2. MARKET SIZE & FORECAST
9.3.3. MARKET BY GEOGRAPHY
9.4. BIAS
9.4.1. MARKET OVERVIEW
9.4.2. MARKET SIZE & FORECAST
9.4.3. MARKET BY GEOGRAPHY
10. SALES CHANNELS
10.1. MARKET SNAPSHOT & GROWTH ENGINE
10.2. MARKET OVERVIEW
10.3. OEM
10.3.1. MARKET OVERVIEW
10.3.2. MARKET SIZE & FORECAST
10.3.3. MARKET BY GEOGRAPHY
10.4. AFTERMARKET
10.4.1. MARKET OVERVIEW
10.4.2. MARKET SIZE & FORECAST
10.4.3. MARKET BY GEOGRAPHY
11. GEOGRAPHY
11.1. MARKET SNAPSHOT & GROWTH ENGINE
11.2. GEOGRAPHIC OVERVIEW
12. APAC
12.1. MARKET OVERVIEW
12.2. MARKET SIZE & FORECAST
12.3. PRODUCT TYPE
12.3.1. MARKET SIZE & FORECAST
12.4. SALES CHANNEL
12.4.1. MARKET SIZE & FORECAST
12.5. KEY COUNTRIES
12.5.1. INDIA: MARKET SIZE & FORECAST
12.5.2. CHINA: MARKET SIZE & FORECAST
12.5.3. THAILAND: MARKET SIZE & FORECAST
12.5.4. MALAYSIA: MARKET SIZE & FORECAST
12.5.5. AUSTRALIA: MARKET SIZE & FORECAST
12.5.6. INDONESIA: MARKET SIZE & FORECAST
13. NORTH AMERICA
13.1. MARKET OVERVIEW
13.2. MARKET SIZE & FORECAST
13.3. PRODUCT TYPE
13.3.1. MARKET SIZE & FORECAST
13.4. SALES CHANNEL
13.4.1. MARKET SIZE & FORECAST
13.5. KEY COUNTRIES
13.5.1. US: MARKET SIZE & FORECAST
13.5.2. CANADA: MARKET SIZE & FORECAST
14. EUROPE
14.1. MARKET OVERVIEW
14.2. MARKET SIZE & FORECAST
14.3. PRODUCT TYPE
14.3.1. MARKET SIZE & FORECAST
14.4. SALES CHANNEL
14.4.1. MARKET SIZE & FORECAST
14.5. KEY COUNTRIES
14.5.1. FRANCE: MARKET SIZE & FORECAST
14.5.2. GERMANY: MARKET SIZE & FORECAST
14.5.3. ITALY: MARKET SIZE & FORECAST
14.5.4. UK: MARKET SIZE & FORECAST
14.5.5. POLAND: MARKET SIZE & FORECAST
14.5.6. SPAIN: MARKET SIZE & FORECAST
14.5.7. SWEDEN: MARKET SIZE & FORECAST
14.5.8. FINLAND: MARKET SIZE & FORECAST
15. LATIN AMERICA
15.1. MARKET OVERVIEW
15.2. MARKET SIZE & FORECAST
15.3. PRODUCT TYPE
15.3.1. MARKET SIZE & FORECAST
15.4. SALES CHANNEL
15.4.1. MARKET SIZE & FORECAST
15.5. KEY COUNTRIES
15.5.1. BRAZIL: MARKET SIZE & FORECAST
15.5.2. MEXICO: MARKET SIZE & FORECAST
15.5.3. ARGENTINA: MARKET SIZE & FORECAST
16. MIDDLE EAST & AFRICA
16.1. MARKET OVERVIEW
16.2. MARKET SIZE & FORECAST
16.3. PRODUCT TYPE
16.3.1. MARKET SIZE & FORECAST
16.4. SALES CHANNEL
16.4.1. MARKET SIZE & FORECAST
16.5. KEY COUNTRIES
16.5.1. TURKEY: MARKET SIZE & FORECAST
16.5.2. SOUTH AFRICA: MARKET SIZE & FORECAST
16.5.3. EGYPT: MARKET SIZE & FORECAST
17. COMPETITIVE LANDSCAPE
17.1. COMPETITION OVERVIEW
17.2. MARKET SHARE ANALYSIS
18. KEY COMPANY PROFILES
18.1. ALLIANCE TIRE GROUP
18.1.1. BUSINESS OVERVIEW
18.1.2. PRODUCT OFFERINGS
18.1.3. KEY STRATEGIES
18.1.4. KEY STRENGTHS
18.1.5. KEY OPPORTUNITIES
18.2. BALKRISHNA INDUSTRIES LIMITED (BKT)
18.2.1. BUSINESS OVERVIEW
18.2.2. PRODUCT OFFERINGS
18.2.3. KEY STRATEGIES
18.2.4. KEY STRENGTHS
18.2.5. KEY OPPORTUNITIES
18.3. BRIDGESTONE
18.3.1. BUSINESS OVERVIEW
18.3.2. PRODUCT OFFERINGS
18.3.3. KEY STRATEGIES
18.3.4. KEY STRENGTHS
18.3.5. KEY OPPORTUNITIES
18.4. MICHELIN
18.4.1. BUSINESS OVERVIEW
18.4.2. PRODUCT OFFERINGS
18.4.3. KEY STRATEGIES
18.4.4. KEY STRENGTHS
18.4.5. KEY OPPORTUNITIES
18.5. TITAN INTERNATIONAL
18.5.1. BUSINESS OVERVIEW
18.5.2. PRODUCT OFFERINGS
18.5.3. KEY STRATEGIES
18.5.4. KEY STRENGTHS
18.5.5. KEY OPPORTUNITIES
18.6. TRELLEBORG
18.6.1. BUSINESS OVERVIEW
18.6.2. PRODUCT OFFERINGS
18.6.3. KEY STRATEGIES
18.6.4. KEY STRENGTHS
18.6.5. KEY OPPORTUNITIES
19. OTHER PROMINENT VENDORS
19.1. CONTINENTAL
19.1.1. BUSINESS OVERVIEW
19.1.2. PRODUCT OFFERINGS
19.2. MITAS
19.2.1. BUSINESS OVERVIEW
19.2.2. PRODUCT OFFERINGS
19.3. CARLISLE
19.3.1. BUSINESS OVERVIEW
19.3.2. PRODUCT OFFERINGS
19.4. VREDESTEIN
19.4.1. BUSINESS OVERVIEW
19.4.2. PRODUCT OFFERINGS
19.5. GALAXY
19.5.1. BUSINESS OVERVIEW
19.5.2. PRODUCT OFFERINGS
19.6. LINGLONG
19.6.1. BUSINESS OVERVIEW
19.6.2. PRODUCT OFFERINGS
19.7. HANKOOK
19.7.1. BUSINESS OVERVIEW
19.7.2. PRODUCT OFFERINGS
19.8. PIRELLI
19.8.1. BUSINESS OVERVIEW
19.8.2. PRODUCT OFFERINGS
19.9. TOYO
19.9.1. BUSINESS OVERVIEW
19.9.2. PRODUCT OFFERINGS
19.10. CEAT
19.10.1. BUSINESS OVERVIEW
19.10.2. PRODUCT OFFERINGS
19.11. YOKOHAMA
19.11.1. BUSINESS OVERVIEW
19.11.2. PRODUCT OFFERINGS
19.12. CULTOR
19.12.1. BUSINESS OVERVIEW
19.12.2. PRODUCT OFFERINGS
19.13. KLEBER
19.13.1. BUSINESS OVERVIEW
19.13.2. PRODUCT OFFERINGS
19.14. KENDA
19.14.1. BUSINESS OVERVIEW
19.14.2. PRODUCT OFFERINGS
19.15. KORMORAN
19.15.1. BUSINESS OVERVIEW
19.15.2. PRODUCT OFFERINGS
19.16. NOKIAN
19.16.1. BUSINESS OVERVIEW
19.16.2. PRODUCT OFFERINGS
19.17. MRF
19.17.1. BUSINESS OVERVIEW
19.17.2. PRODUCT OFFERINGS
19.18. DUNLOP
19.18.1. BUSINESS OVERVIEW
19.18.2. PRODUCT OFFERINGS
19.19. SAVA
19.19.1. BUSINESS OVERVIEW
19.19.2. PRODUCT OFFERINGS
19.20. COOPER
19.20.1. BUSINESS OVERVIEW
19.20.2. PRODUCT OFFERINGS
19.21. CAMSO
19.21.1. BUSINESS OVERVIEW
19.21.2. PRODUCT OFFERINGS
19.22. JK TYRE
19.22.1. BUSINESS OVERVIEW
19.22.2. PRODUCT OFFERINGS
19.23. DOUBLE COIN
19.23.1. BUSINESS OVERVIEW
19.23.2. PRODUCT OFFERINGS
19.24. PRINX CHENGSHAN
19.24.1. BUSINESS OVERVIEW
19.24.2. PRODUCT OFFERINGS
19.25. SHANDONG HENGFENG RUBBER
19.25.1. BUSINESS OVERVIEW
19.25.2. PRODUCT OFFERINGS
19.26. BELSHINA
19.26.1. BUSINESS OVERVIEW
19.26.2. PRODUCT OFFERINGS
19.27. PETLAS
19.27.1. BUSINESS OVERVIEW
19.27.2. PRODUCT OFFERINGS
19.28. SIME TYRES
19.28.1. BUSINESS OVERVIEW
19.28.2. PRODUCT OFFERINGS
19.29. DEESTONE LTD.
19.29.1. BUSINESS OVERVIEW
19.29.2. PRODUCT OFFERINGS
19.30. ZC RUBBER
19.30.1. BUSINESS OVERVIEW
19.30.2. PRODUCT OFFERINGS
19.31. ARMSTRONG
19.31.1. BUSINESS OVERVIEW
19.31.2. PRODUCT OFFERINGS
20. REPORT SUMMARY
20.1. KEY TAKEAWAYS
20.2. STRATEGIC RECOMMENDATIONS
21. QUANTITATIVE SUMMARY
21.1. MARKET BY GEOGRAPHY
21.2. MARKET BY PRODUCT
21.3. MARKET BY SALES CHANNEL
22. APPENDIX
22.1. RESEARCH METHODOLOGY
22.2. RESEARCH PROCESS
22.3. REPORT ASSUMPTIONS & CAVEATS
22.3.1. KEY CAVEATS
22.3.2. CURRENCY CONVERSION
22.4. ABBREVIATIONS
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