Tractor Tires Market Size

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22 countries

37 company

3 segments

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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

  1. Product Type: Radial and Bias
  2. Sales Channel: OEM and Aftermarket
  3. 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.

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GLOBAL TRACTOR TIRES MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size- Shipment (2029)29.50 Million Units
Market Size- Shipment (2023)21.94 Million Units
CAGR (2023-2029)5.06%
Historic Year2020-2022
Base Year2023
Forecast Year2024-2029
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSAlliance Tire Group, Balkrishna Industries Limited (BKT), Bridgestone, Michelin, Titan International, and Trelleborg
SEGMENTS Product Type, Sales Channel, and Geography
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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

  1. 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.
  2. 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.
  3. 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:

  1. Increased Frequency of Tractor Tire Replacement
  2. Government Support and Subsidies for Modernizing Agriculture
  3. 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

  1. Alliance Tire Group
  2. Business Overview
  3. Product Offerings
  4. Key Strategies
  5. Key Strengths
  6. Key Opportunities
  7. Balkrishna Industries Limited (BKT)
  8. Bridgestone
  9. Michelin
  10. Titan International
  11. Trelleborg

Other Prominent Vendors

  1. Continental
  2. Business Overview
  3. Product Offerings
  4. Mitas
  5. Carlisle
  6. Vredestein
  7. Galaxy
  8. Linglong
  9. Hankook
  10. Pirelli
  11. Toyo Tires
  12. CEAT
  13. Yokohama
  14. Cultor
  15. Kleber
  16. Kenda Rubber Industrial Co., Ltd
  17. Kormoran
  18. Nokian Tyres plc
  19. MRF
  20. Dunlop
  21. Sava
  22. Cooper
  23. Camso
  24. JK Tyre
  25. Double Coin
  26. Prinx Chengshan
  27. Shandong Hengfeng Rubber & Plastic Co., Ltd.
  28. Belshina
  29. Petlas
  30. Sime Tyres
  31. Deestone Ltd.
  32. ZC Rubber (Zhongce Rubber Group Co., Ltd.)
  33. Armstrong Tires

Segmentation by Product Type

  1. Radial
  2. Bias

Segmentation by Sales Channel

  1. OEMs
  2. Aftermarket

Segmentation by Geography

  1. APAC
  2. India
  3. China
  4. Thailand
  5. Malaysia
  6. Australia
  7. Indonesia
  8. North America
  9. The U.S.
  10. Canada
  11. Europe
  12. France
  13. Germany
  14. Italy
  15. Poland
  16. The U.K.
  17. Spain
  18. Sweden
  19. Finland
  20. Latin America
  21. Brazil
  22. Mexico
  23. Argentina
  24. Middle East & Africa
  25. Turkey
  26. South Africa
  27. Egypt

Frequently Asked Questions

How big is the global tractor tires market?

The tractor tires market size was valued at 21.94 million units in 2023 and is expected to reach 29.50 million units by 2029.

Which region holds the most significant global tractor tires market share?

APAC dominated the global tractor tires market share, accounting for over 74% in 2023.

What are the significant trends in the tractor tires industry?

Technological advancements in tire manufacturing, expansion of tractor tire markets in emerging economies, and growing outlook of precision agriculture are significant trends in the tractor tire industry.

What is the growth rate of the global tractor tires market?

The global tractor tires market is expected to grow at a CAGR of 5.06% from 2023 to 2029.

Who are the key players in the global tractor tires market?

Alliance Tire Group, Balkrishna Industries Limited (BKT), Bridgestone, Michelin, Titan International, and Trelleborg 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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Frequently Asked Questions

How big is the global tractor tires market?

The tractor tires market size was valued at 21.94 million units in 2023 and is expected to reach 29.50 million units by 2029.

Which region holds the most significant global tractor tires market share?

APAC dominated the global tractor tires market share, accounting for over 74% in 2023.

What are the significant trends in the tractor tires industry?

Technological advancements in tire manufacturing, expansion of tractor tire markets in emerging economies, and growing outlook of precision agriculture are significant trends in the tractor tire industry.

What is the growth rate of the global tractor tires market?

The global tractor tires market is expected to grow at a CAGR of 5.06% from 2023 to 2029.

Who are the key players in the global tractor tires market?

Alliance Tire Group, Balkrishna Industries Limited (BKT), Bridgestone, Michelin, Titan International, and Trelleborg are the key players in the global tractor tires market.