Agricultural tires are engineered for specific applications and may not perform well outside of that intended use. The same size of tire may fit different machines. As an example, a turf tread would be almost useless in a rice or cane operation.
Market Analysis and Insights: Global Agriculture Tire & Tire Cord Market
Due to the COVID-19 pandemic, the global Agriculture Tire & Tire Cord market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PET accounting for % of the Agriculture Tire & Tire Cord global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Tractors segment is altered to an % CAGR throughout this forecast period.
North America Agriculture Tire & Tire Cord market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Agriculture Tire & Tire Cord include Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, MICHELIN, Mitas, China National Rubber Tire Co., Trelleborg AB, Titan International, Inc. and Sumitomo Rubber Industries Ltd. and etc. In terms of revenue, the global 3 largest players have a % market share of Agriculture Tire & Tire Cord in 2021.
Global Agriculture Tire & Tire Cord Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Global Agriculture Tire & Tire Cord Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
PET
PA6
PA66
Aramid
Others
Segment by Application
Tractors
Harvesters
By Company
Balkrishna Industries Limited (BKT)
Bridgestone Corporation
Continental AG
MICHELIN
Mitas
China National Rubber Tire Co.
Trelleborg AB
Titan International, Inc.
Sumitomo Rubber Industries Ltd.
Pirelli and C. S.p.A.
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina