CAGR of 4.9% Global Farm Tyre (Tire) Market Size Expected To Grow Between 2019 – 2026 | Market Value More Than USD 7.03 Billion by 2026

The global farm tyre market size accounted USD 4.73 billion in 2017 accounting a growth at 4.9% CAGR during the forecast period 2018-2025. The market is experiencing growth due to increasing consumer awareness pertaining to benefits associated with updated and modernized agricultural equipment such as sprayers, spreaders, seed sowers, and plows. Additionally, shortage of labor owing to shift in preference toward the service sector is expected to complement industry growth.

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Major global farm tyre market participants are approaching towards a strategy of new product development in order to carter specific demand for advanced and complex machinery and equipment in the agriculture sector to efficiently improve the production, which is expected to drive demand worldwide. Additionally, requirement for high performance farm tires with long-lasting shelf life is expected to increase R&D activities in the agricultural sector during the forecast period. Key players in the global farm tyre market focus on research and development activities so as to widen modernized technologies for manufacturing tyres and applying the same strategy across various stages of its value chain to gain in the global farm tyre market.

Support from government for a sustainable agricultural practice in few countries is aimed at reducing harmful environmental impacts of various farming practices, which include use of certain agricultural vehicles. This could limit the demand for farm tyres over the forecast period and act as a challenge for the global farm tyre market.

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Growing population and infrastructure for habitat leading to limited agricultural land is resulting in highly-efficient agricultural machinery to minimize the turnaround time increasing the efficiency and productivity in the farming fields. Growing awareness of the advancing technologies among the farmers is urging them to upgrade equipment implementing automated machinery and semi-automated farming vehicles are among the prime factors to catalyse the demand of farm tyres increasing the revenue of global farm tyre market.

Increase in R&D for the expansion and advancement of new farm tire manufacturing technique in order to get better product quality and facilitate its usage in various agricultural vehicles is projected to have boost market growth. Shortage of farm labor is projected to further increase the demand for agricultural equipment across various agricultural applications.

The global farm tyre market is segmented into product, application, distribution and region. On the basis of product the global farm tyre market is segmented into bias tyre and radial tyre. On the basis of the application the global farm tyre market is segmented into tractors, harvesters and others. On the basis of the distribution the global farm tyre market is segmented into OEM and aftermarket. On the basis of region the global farm tyre market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.

Standards and regulations formed by the governing bodies worldwide are based on the local demographics and are applicable to the industry which is aimed at developing high-quality products utilizing recently discovered modern technologies. Also, the adoption rate among the consumers, of advanced agricultural equipment is towering in some regions due to shrinking cultivable land and exhaustive urbanization. This is also likely to drive product demand increasing the revenue of the global farm tyre market.

Intensifying the scope of agricultural vehicle manufacturers regionally, tied with increasing demand for better yield, is expected to drive demand for farm tyres. Moreover, rising demand for agricultural vehicles in promising economies and constructive trade policies as regards to the same is expected to benefit market growth.

Major players are already focusing on increasing the number of manufacturing facilities in order to carter the increased demand and minimize the logistics cost, in developing economies such as in Asia Pacific attributable to abundant availability of raw materials. Additionally, companies have been investing a lot in research and development activities to develop modernized and innovative products among various updated manufacturing technologies.

Few other companies that are involved in the global farm tyres market manufacture a wide variety of products for specific farming activities. Various local players focus majorly on their specified strengths and retain their customers by offering customized services to tractor and harvester manufacturers. Conversely, few other players are focusing to offer wide variety of products to expand their consumer base.

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope 
       1.1.1. Definition of Farm Tyre (Tire)
       1.1.2. Market Segmentation
       1.1.3. List of Abbreviations
1.2. Summary
       1.2.1. Market Snapshot
       1.2.2. Farm Tyre (Tire) Market By Product
                 1.2.2.1. Global Farm Tyre (Tire) Market Revenue and Growth Rate Comparison By Product (2015-2026)
                 1.2.2.2. Global Farm Tyre (Tire) Market Revenue Share By Product in 2017
                 1.2.2.3. Bias Tyres
                 1.2.2.4. Radial Tyres
                 1.2.2.5. Others
       1.2.3. Farm Tyre (Tire) Market By Application
                 1.2.3.1. Global Farm Tyre (Tire) Market Revenue and Growth Rate Comparison By Application (2015-2026)
                 1.2.3.2. Tractors
                 1.2.3.3. Harvesters
                 1.2.3.4. Others
       1.2.4. Farm Tyre (Tire) Market By Distribution
                 1.2.4.1. Global Farm Tyre (Tire) Market Revenue and Growth Rate Comparison By Distribution (2015-2026)
                 1.2.4.2. OEM
                 1.2.4.3. Aftermarket
                 1.2.4.4. Others
       1.2.5. Farm Tyre (Tire) Market by Geography
                 1.2.5.1. Global Farm Tyre (Tire) Market Revenue and Growth Rate Comparison by Geography (2015-2026)
                 1.2.5.2. North America Farm Tyre (Tire) Market Revenue and Growth Rate (2015-2026)
                 1.2.5.3. Europe Farm Tyre (Tire) Market Revenue and Growth Rate (2015-2026)
                 1.2.5.4. Asia-Pacific Farm Tyre (Tire) Market Revenue and Growth Rate (2015-2026)
                 1.2.5.5. Latin America Farm Tyre (Tire) Market Revenue and Growth Rate (2015-2026)
                 1.2.5.6. Middle East and Africa (MEA) Farm Tyre (Tire) Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities 
2.4. Porter’s Five Forces Analysis
       2.4.1. Bargaining Power of Suppliers
       2.4.2. Bargaining Power of Buyers
       2.4.3. Threat of Substitute
       2.4.4. Threat of New Entrants
       2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
       2.6.1. Raw Material and Suppliers
       2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
       2.8.1. Player Positioning Analysis
       2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Aftermarket Production Date of Global Farm Tyre (Tire) Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Farm Tyre (Tire) Major Manufacturers in 2017 
3.3. R&D Status and Technology Source of Global Farm Tyre (Tire) Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Farm Tyre (Tire) Major Manufacturers in 2017

CHAPTER 4. AIR PURIFICATION SYSTEM MARKET BY TECHNOLOGIES

4.1. Global Farm Tyre (Tire) Revenue By Product
4.2. Bias Tyres
       4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Radial Tyres
       4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Other
       4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. AIR PURIFICATION SYSTEM MARKET BY IMPURITIES

5.1. Global Farm Tyre (Tire) Revenue By Application
5.2. Tractors
       5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Harvesters
       5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Others
       5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. AIR PURIFICATION SYSTEM MARKET BY END USERS

6.1. Global Farm Tyre (Tire) Revenue By Distribution
6.2. OEM
       6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Aftermarket
       6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.4. Others
       6.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
       6.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 7. NORTH AMERICA AIR PURIFICATION SYSTEM MARKET BY COUNTRY

7.1. North America Farm Tyre (Tire) Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Farm Tyre (Tire) Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
       7.3.1. U.S. Farm Tyre (Tire) Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       7.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       7.3.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
7.4. Canada
       7.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       7.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       7.4.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
7.5. Mexico 
       7.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       7.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       7.5.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)

CHAPTER 8. EUROPE AIR PURIFICATION SYSTEM MARKET BY COUNTRY

8.1. Europe Farm Tyre (Tire) Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Farm Tyre (Tire) Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK 
       8.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       8.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       8.3.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
8.4. Germany
       8.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       8.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       8.4.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
8.5. France
       8.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       8.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       8.5.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
8.6. Spain
       8.6.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       8.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       8.6.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
8.7. Rest of Europe
       8.7.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       8.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       8.7.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC AIR PURIFICATION SYSTEM MARKET BY COUNTRY

9.1. Asia-Pacific Farm Tyre (Tire) Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Farm Tyre (Tire) Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China 
       9.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       9.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       9.3.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
9.4. Japan 
       9.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       9.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       9.4.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
9.5. India 
       9.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       9.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       9.5.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
9.6. Australia 
       9.6.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       9.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       9.6.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
9.7. South Korea
       9.7.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       9.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       9.7.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
       9.8.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
       9.8.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
       9.8.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)

CHAPTER 10. LATIN AMERICA AIR PURIFICATION SYSTEM MARKET BY COUNTRY

10.1. Latin America Farm Tyre (Tire) Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Farm Tyre (Tire) Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil 
        10.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        10.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        10.3.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
10.4. Argentina 
        10.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        10.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        10.4.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
10.5. Rest of Latin America
        10.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        10.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        10.5.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)

CHAPTER 11. MIDDLE EAST AIR PURIFICATION SYSTEM MARKET BY COUNTRY

11.1. Middle East Farm Tyre (Tire) Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East Farm Tyre (Tire) Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia 
        11.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        11.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        11.3.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
11.4. UAE 
        11.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        11.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        11.4.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
11.5. Rest of Middle East 
        11.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        11.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        11.5.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)

CHAPTER 12. AFRICA AIR PURIFICATION SYSTEM MARKET BY COUNTRY

12.1. Africa Farm Tyre (Tire) Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Africa Farm Tyre (Tire) Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
        12.3.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        12.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        12.3.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
12.4. Egypt
        12.4.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        12.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        12.4.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)
12.5. Rest of Africa
        12.5.1. Market Revenue and Forecast By Product, 2015 – 2026 ($Million)
        12.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
        12.5.3. Market Revenue and Forecast By Distribution, 2015 – 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. Balkrishna Industries Limited (BKT)
        13.1.1. Company Snapshot
        13.1.2. Overview
        13.1.3. Financial Overview
        13.1.4. Type Portfolio
        13.1.5. Key Developments
        13.1.6. Strategies
13.2. Bridgestone Corporation
        13.2.1. Company Snapshot
        13.2.2. Overview
        13.2.3. Financial Overview
        13.2.4. Type Portfolio
        13.2.5. Key Developments
        13.2.6. Strategies
13.3. Continental AG
        13.3.1. Company Snapshot
        13.3.2. Overview
        13.3.3. Financial Overview
        13.3.4. Type Portfolio
        13.3.5. Key Developments
        13.3.6. Strategies
13.4. Michelin
        13.4.1. Company Snapshot
        13.4.2. Overview
        13.4.3. Financial Overview
        13.4.4. Type Portfolio
        13.4.5. Key Developments
        13.4.6. Strategies
13.5. Sumitomo Rubber Industries, Ltd.
        13.5.1. Company Snapshot
        13.5.2. Overview
        13.5.3. Financial Overview
        13.5.4. Type Portfolio
        13.5.5. Key Developments
        13.5.6. Strategies
13.6. Titan International, Inc.
        13.6.1. Company Snapshot
        13.6.2. Overview
        13.6.3. Financial Overview
        13.6.4. Type Portfolio
        13.6.5. Key Developments
        13.6.6. Strategies
13.7. Mitas Tires Global, Inc.
        13.7.1. Company Snapshot
        13.7.2. Overview
        13.7.3. Financial Overview
        13.7.4. Type Portfolio
        13.7.5. Key Developments
        13.7.6. Strategies
13.8. TBC Corporation
        13.8.1. Company Snapshot
        13.8.2. Overview
        13.8.3. Financial Overview
        13.8.4. Type Portfolio
        13.8.5. Key Developments
        13.8.6. Strategies
13.9. Apollo Tyres Ltd.
        13.9.1. Company Snapshot
        13.9.2. Overview
        13.9.3. Financial Overview
        13.9.4. Type Portfolio
        13.9.5. Key Developments
        13.9.6. Strategies
13.10. Hankook Tire
          13.10.1. Company Snapshot
          13.10.2. Overview
          13.10.3. Financial Overview
          13.10.4. Type Portfolio
          13.10.5. Key Developments
          13.10.6. Strategies
13.11. MRF Limited
          13.11.1. Company Snapshot
          13.11.2. Overview
          13.11.3. Financial Overview
          13.11.4. Type Portfolio
          13.11.5. Key Developments
          13.11.6. Strategies
13.12. JK TYRE & INDUSTRIES LTD.
          13.12.1. Company Snapshot
          13.12.2. Overview
          13.12.3. Financial Overview
          13.12.4. Type Portfolio
          13.12.5. Key Developments
          13.12.6. Strategies
13.13. CEAT Ltd.
          13.13.1. Company Snapshot
          13.13.2. Overview
          13.13.3. Financial Overview
          13.13.4. Type Portfolio
          13.13.5. Key Developments
          13.13.6. Strategies
13.14. The Carlstar Group, LLC
          13.14.1. Company Snapshot
          13.14.2. Overview
          13.14.3. Financial Overview
          13.14.4. Type Portfolio
          13.14.5. Key Developments
          13.14.6. Strategies
13.15. Specialty Tires of America, Inc.
          13.15.1. Company Snapshot
          13.15.2. Overview
          13.15.3. Financial Overview
          13.15.4. Type Portfolio
          13.15.5. Key Developments
          13.15.6. Strategies
13.16. ATG
          13.16.1. Company Snapshot
          13.16.2. Overview
          13.16.3. Financial Overview
          13.16.4. Type Portfolio
          13.16.5. Key Developments
          13.16.6. Strategies
13.17. Others
          13.17.1. Company Snapshot
          13.17.2. Overview
          13.17.3. Financial Overview
          13.17.4. Type Portfolio
          13.17.5. Key Developments
          13.17.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
         14.1.1. Initial Data Search
         14.1.2. Secondary Research
         14.1.3. Primary Research
14.2. Assumptions and Scope

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