Farm Tire Market size was valued at US$ 8.02 Bn. in 2022 and it is expected to reach US$ 11.28 Bn. by 2029, at a CAGR of 5% through out the forecast period.
Farm Tire Market Overview:
Farm Tire Market research report analyses and evaluates market’s position over the projected period.It is a thorough investigation that focuses on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The study also looks at key players, large collaborations, mergers, and acquisitions, as well as trending innovation and corporate strategies.
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Market Scope:
We investigated the Farm Tire Market from every angle, using both primary and secondary research methods. This aided us in developing a grasp of current market dynamics, such as supply-demand imbalances, price trends, product preferences, consumer behaviors, and so on. The data is then assembled and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting model that predicts market growth until 2027.
The top authors, researchers, and analysts collated and summarised the evaluation of the impact of recommendations on market activity. The research contains data based on the market’s historical and present situations, as well as other components impacting the market’s development path. It includes the most recent and up-to-date information on the worldwide Farm Tire market landscape. The analysis goes into information about demand, revenue forecasts, volume, share, growth, kinds, applications, and sales, among other things. The research examines a variety of crucial restrictions, including item pricing, manufacturing capacity, profit and loss figures, and distribution methods.
Segmentation:
The farm tyre market is divided into OEM and Aftermarket according to distribution route. With 71.22% of global sales in 2022, the aftermarket sector led the market. Farmers' rising demand for tyre replacement as a result of the expansion of agricultural operations globally is anticipated to support the segment's growth over the forecasted period.
Bias tyres are becoming less popular as high-performance radial tyres replace them. Additionally, because fewer people are buying new cars, there is less of a demand for tyres through OEM distribution than there is for replacement tyres. Through aftermarket sales, these factors are anticipated to raise tyre demand. Additionally, it is anticipated that customer demand for tyre retreading would rise and that the aftermarket will offer such services at competitive prices.
By Product
Bias tires
Radial tires
By Application
Tractors
Harvesters
Others
By Distribution Channel
OEM
Aftermarket
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Key Players:
The analysis also focuses on the worldwide key industry players of the Farm Tire Market, including information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This research looks at the Farm Tire Market Trend, volume, and value on a global, regional, and corporate level. This study shows the entire Farm Tire Market Size from a worldwide perspective by analyzing historical data and prospects. The research covers leading Farm Tire market companies and evaluates their market rankings. The players highlighted in this report are as follows:
1.Balkrishna Industries Limited (BKT)
2. Bridgestone Corporation
3. Continental AG
4. The Goodyear Tire & Rubber Company
5. Michelin
6. Mitas Tires Global Inc.
7. TBC Corp.
8. Titan International
9. Sumitomo Rubber Industries Ltd.
10. Pirelli & C. S.P.A.
11. Goodyear
12. Camso
13. Apollo Tires
14. Trelleborg Wheel Systems
15. Armour Tyres
16. Firestone
17. Compagnie Générale des Établissements Michelin (CGEM)
18. Hankook Tire
19. MRF Limited
20. JK Tyre & Industries Ltd.
21. CEAT
22. The Carlstar Group, LLC
23. Specialty Tires of America, Inc.
24. Alliance Tire Group (ATG)
25. Trelleborg AB
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Regional Analysis:
The study offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives an overview and prognosis of the worldwide Farm Tire market by segment. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027. Each region’s Farm Tire market is further subdivided by respective regions and segments. The research analyses and forecasts different countries, as well as existing trends and prospects in the region.
COVID-19 Impact Analysis on Farm Tire Market:
We have studied and analyzed in detail, Farm Tire Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the Farm Tire industry’s potential, providing statistical information about market dynamics, growth factors, major challenges, PORTAL analysis, and market entry strategy analysis, opportunities, and forecasts. The report’s main focus is to give firms in the sector a strategic analysis of the impact of COVID-19. Simultaneously, this research examined the markets of key nations and introduced the market potential of these countries.
Key Questions Answered in the Farm Tire Market Report are:
- What are some of the most promising high-growth opportunities in the Farm Tire market by product type and End User and Region?
- Which Farm Tire market segments will expand the fastest, and why?
- Which regions will develop quicker, and why?
- What are the primary elements influencing Farm Tire market dynamics? What are the market drivers and challenges for the Farm Tire market?
- What are the Farm Tire market’s business risks and threats?
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