Automotive agriculture tire market, 2024 - TechSci Research

2014 – 2024 GLOBAL AGRICULTURE TIRE MARKET FORECAST & OPPORTUNITIES

PUBLISHED: MAY, 2019 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Agriculture Tire Market

Global agriculture tire market is anticipated to grow during the forecast period on account of increasing use of machineries and equipment in the agriculture sector coupled with consistent growth in agricultural sector across the globe. Moreover, growing demand for replacement tires on account of expanding global agriculture vehicle fleet is further expected to boost agriculture tire sales, globally.

Market Segmentation VEHICLE TYPE

AGRICULTURE TIRE MARKET

DEMAND CATEGORY

•

Tractors

•

OEM

•

Combine Harvesters

•

Replacement

•

Trailers

•

Others

Year Range

Review Period

2014 – 2019 Base Year REGION • North America • Europe • Asia-Pacific • South America • Middle East & Africa

2018 Estimated Year

2019 Forecast Period

2020 – 2024

2

Table of Contents S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Executive Summary

4.

Voice of Customer

5.

Global Agriculture Tire Market Outlook 5.1.

Market Size & Forecast 5.1.1.

5.2.

6.

Page No.

By Value & Volume

Market Share & Forecast 5.2.1.

By Vehicle Type (Tractors, Combine Harvesters, Trailers, Others)

5.2.2.

By Company

5.2.3.

By Region

5.2.4.

By Demand Category (OEM & Replacement)

5.3.

Market Attractiveness Index (By Vehicle Type)

5.4.

Market Attractiveness Index (By Region)

Asia-Pacific Agriculture Tire Market Outlook 6.1.

Market Size & Forecast 6.1.1.

6.2.

By Value & Volume

Market Share & Forecast

3

Table of Contents S. No.

Contents 6.2.1.

By Vehicle Type

6.2.2.

By Country

6.3.

Market Attractiveness Index (By Vehicle Type)

6.4.

Market Attractiveness Index (By Country)

6.5.

Prominent Tire Sizes (By Country)

6.6.

Asia Pacific: Country Analysis 6.6.1.

India Agriculture Tire Market Outlook 6.6.1.1.

Market Size & Forecast 6.6.1.1.1.

6.6.1.2.

6.6.1.3.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

China Agriculture Tire Market Outlook 6.6.2.1.

Market Size & Forecast 6.6.2.1.1.

6.6.2.2.

6.6.2.3.

By Value & Volume

Market Share & Forecast 6.6.2.2.1.

6.6.3.

By Value & Volume

Market Share & Forecast 6.6.1.2.1.

6.6.2.

Page No.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Japan Agriculture Tire Market Outlook 6.6.3.1.

Market Size & Forecast 6.6.3.1.1.

By Value & Volume

4

Table of Contents S. No.

Contents

Page No.

6.6.3.2.

6.6.4.

6.6.5.

7.

Market Share & Forecast 6.6.3.2.1.

By Vehicle Type 6.6.3.3.

Market Attractiveness Index (By Vehicle Type) Australia Agriculture Tire Market Outlook 6.6.4.1.

Market Size & Forecast 6.6.4.1.1.

By Value & Volume 6.6.4.2.

Market Share & Forecast 6.6.4.2.1.

By Vehicle Type 6.6.4.3.

Market Attractiveness Index (By Vehicle Type) South Korea Agriculture Tire Market Outlook 6.6.5.1.

Market Size & Forecast 6.6.5.1.1.

By Value & Volume 6.6.5.2.

Market Share & Forecast 6.6.5.2.1.

By Vehicle Type 6.6.5.3.

Market Attractiveness Index (By Vehicle Type)

Europe & CIS Countries Agriculture Tire Market Outlook 7.1.

7.2.

7.3.

7.4.

Market 7.1.1.

Market 7.2.1.

7.2.2.

Market Market

Size & Forecast

By Value & Volume Share & Forecast

By Vehicle Type

By Country Attractiveness Index (By Vehicle Type) Attractiveness Index (By Country)

5

Table of Contents S. No.

Contents 7.5.

7.6.

Page No.

Prominent Tire Sizes (By Country) Europe & CIS: Country Analysis 7.6.1.

Turkey Agriculture Tire Market Outlook 7.6.1.1.

Market Size & Forecast 7.6.1.1.1.

7.6.1.2.

Market Share & Forecast 7.6.1.2.1.

7.6.1.3.

7.6.2.

Market Attractiveness Index (By Vehicle Type)

Market Share & Forecast 7.6.2.2.1.

7.6.2.3.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Germany Agriculture Tire Market Outlook 7.6.3.1.

Market Size & Forecast 7.6.3.1.1.

By Value & Volume 7.6.3.2.

Market Share & Forecast 7.6.3.2.1.

7.6.3.3.

7.6.4.

By Vehicle Type

France Agriculture Tire Market Outlook 7.6.2.1.

Market Size & Forecast 7.6.2.1.1.

By Value & Volume 7.6.2.2.

7.6.3.

By Value & Volume

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Russia Agriculture Tire Market Outlook 7.6.4.1.

Market Size & Forecast

6

Table of Contents S. No.

Contents 7.6.4.1.1.

7.6.4.2.

7.6.5.

Market Attractiveness Index (By Vehicle Type) Market Size & Forecast 7.6.5.1.1.

7.6.5.2.

7.6.5.3.

By Value & Volume

Market Share & Forecast 7.6.5.2.1.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

United Kingdom Agriculture Tire Market Outlook 7.6.6.1.

Market Size & Forecast 7.6.6.1.1.

7.6.6.2.

7.6.6.3.

By Value & Volume

Market Share & Forecast 7.6.6.2.1.

8.

By Vehicle Type

Italy Agriculture Tire Market Outlook 7.6.5.1.

7.6.6.

By Value & Volume

Market Share & Forecast 7.6.4.2.1.

7.6.4.3.

Page No.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

North America Agriculture Tire Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

8.3.

By Value & Volume

Market Share & Forecast 8.2.1.

By Vehicle Type

8.2.2.

By Country

Market Attractiveness Index (By Vehicle Type)

7

Table of Contents S. No.

Contents 8.4.

Market Attractiveness Index (By Country)

8.5.

Prominent Tire Sizes (By Country)

8.6.

North America: Country Analysis 8.6.1.

United States Agriculture Tire Market Outlook 8.6.1.1.

Market Size & Forecast 8.6.1.1.1.

8.6.1.2.

8.6.1.3.

Market Attractiveness Index (By Vehicle Type) Market Size & Forecast 8.6.2.1.1.

8.6.2.2.

8.6.2.3.

By Value & Volume

Market Share & Forecast 8.6.2.2.1.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Mexico Agriculture Tire Market Outlook 8.6.3.1.

Market Size & Forecast 8.6.3.1.1.

8.6.3.2.

8.6.3.3.

By Value & Volume

Market Share & Forecast 8.6.3.2.1.

9.

By Vehicle Type

Canada Agriculture Tire Market Outlook 8.6.2.1.

8.6.3.

By Value & Volume

Market Share & Forecast 8.6.1.2.1.

8.6.2.

Page No.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

South America Agriculture Tire Market Outlook 9.1.

Market Size & Forecast

8

Table of Contents S. No.

Contents 9.1.1.

9.2.

Page No.

By Value & Volume

Market Share & Forecast 9.2.1.

By Vehicle Type

9.2.2.

By Country

9.3.

Market Attractiveness Index (By Vehicle Type)

9.4.

9.5.

9.6.

Market Attractiveness Index (By Country) Prominent Tire Sizes (By Country) South America: Country Analysis 9.6.1.

Brazil Agriculture Tire Market Outlook 9.6.1.1.

Market Size & Forecast 9.6.1.1.1.

9.6.1.2.

Market Share & Forecast 9.6.1.2.1.

9.6.1.3.

9.6.2.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Argentina Agriculture Tire Market Outlook 9.6.2.1.

Market Size & Forecast 9.6.2.1.1.

9.6.2.2.

9.6.2.3.

By Value & Volume

Market Share & Forecast 9.6.2.2.1.

9.6.3.

By Value & Volume

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Chile Agriculture Tire Market Outlook 9.6.3.1.

Market Size & Forecast 9.6.3.1.1.

By Value & Volume

9

Table of Contents S. No.

Contents 9.6.3.2.

Market Share & Forecast 9.6.3.2.1.

9.6.3.3.

9.6.4.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Colombia Agriculture Tire Market Outlook 9.6.4.1.

Market Size & Forecast 9.6.4.1.1.

9.6.4.2.

9.6.4.3.

By Value & Volume

Market Share & Forecast 9.6.4.2.1.

10.

Page No.

By Vehicle Type

Market Attractiveness Index (By Vehicle Type)

Middle East & Africa (MEA) Agriculture Tire Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

By Value & Volume

Market Share & Forecast 10.2.1.

By Vehicle Type

10.2.2.

By Country

10.3.

Market Attractiveness Index (By Vehicle Type)

10.4.

Market Attractiveness Index (By Country)

10.5.

Prominent Tire Sizes (By Country)

10.6.

Middle East & Africa (MEA): Country Analysis 10.6.1.

South Africa Agriculture Tire Market Outlook 10.6.1.1. Market Size & Forecast 10.6.1.1.1.

By Value & Volume

10.6.1.2. Market Share & Forecast

10

Table of Contents S. No.

Contents 10.6.1.2.1

Page No.

By Vehicle Type

10.6.1.3. Market Attractiveness Index (By Vehicle Type) 10.6.2.

Morocco Agriculture Tire Market Outlook 10.6.2.1. Market Size & Forecast 10.6.2.1.1.

By Value & Volume

10.6.2.2. Market Share & Forecast 10.6.2.2.1.

By Vehicle Type

10.6.2.3. Market Attractiveness Index (By Vehicle Type) 10.6.3.

Iran Agriculture Tire Market Outlook 10.6.3.1. Market Size & Forecast 10.6.3.1.1.

By Value & Volume

10.6.3.2. Market Share & Forecast 10.6.3.2.1.

By Vehicle Type

10.6.3.3. Market Attractiveness Index (By Vehicle Type) 10.6.4.

Kenya Agriculture Tire Market Outlook 10.6.4.1. Market Size & Forecast 10.6.4.1.1.

By Value & Volume

10.6.4.2. Market Share & Forecast 10.6.4.2.1.

By Vehicle Type

10.6.4.3. Market Attractiveness Index (By Vehicle Type) 10.6.5.

Saudi Arabia Agriculture Tire Market Outlook 10.6.5.1. Market Size & Forecast 10.6.5.1.1.

By Value & Volume

11

Table of Contents S. No.

Contents

Page No.

10.6.5.2. Market Share & Forecast 10.6.5.2.1.

By Vehicle Type 10.6.5.3. Market Attractiveness Index (By Vehicle Type) 11.

Market Dynamics 11.1 11.2.

Drivers Challenges

12.

Market Trends & Developments

13.

Competitive Landscape 13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9 13.10

14.

Compagnie Générale des Établissements Michelin (CGEM) Titan Tire Corporation Trelleborg AB Balkrishna Industries Limited Pirelli & C. S.p.A. Bridgestone Corporation Prometeon Tyre Group S.r.l.

The Goodyear Tire & Rubber Company The Yokohama Rubber Co., Ltd. Sumitomo Rubber Industries, Ltd.

Strategic Recommendations

12

RESEARCH METHODOLOG Y

Research Methodology

Market Profiling

In-depth secondary research was conducted to determine top players in the global agriculture tire market, overall market size and segmental market size.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.

Developing list of respondents

List of industry players and industry specialists was developed.

Data Collection

TechSci conducted interviews with industry experts and industry players for data collection and verification.

Primary Research

Data Collection

Data Filter Research & & Analysis Intelligence

Actionable Insights

Business Solution

Primary Research Research Primary LinkedIn  LinkedIn TechSci Internal Internal  TechSci Database Database

 Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews

Secondary Secondary Research Research Company Websites Websites  Company Company Annual Annual  Company Reports Reports White Paper Paper Study Study  White Financial Reports Reports  Financial Investor  Investor Presentations Presentations Regulatory Body Body  Regulatory Associations, etc. etc.  Associations,

Data Validation

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Desk Research  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion

Data Analysis

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global agriculture Tire market

Company Analysis  Market Participants  Key Strengths

Paid Sources Sources Paid Factiva  Factiva Hoovers  Hoovers

14

Research Methodology Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of global agriculture tire market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing use of machineries and equipment in the agriculture sector coupled with consistent growth in agricultural sector across the globe and speculated a positive growth over the next 5 years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global agriculture tire market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as agriculture tire manufacturer and supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 agriculture tire manufacturers, suppliers and distributors, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 Industry experts and other value chain stakeholders in the global agriculture tire market to obtain the overall market size from 2014 to 2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-2018.

15

Research Methodology •

Respondents were asked about the current and future market growth rates, market shares by vehicle type, by demand category and by region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the vehicle type of agriculture tire market .

Methodology Followed for Calculation of Market Shares: Market shares by vehicle type, by demand category, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of agriculture tire market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting: •

TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

•

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global agriculture tire market, TechSci Research used various forecast techniques such as: 

Moving Average



Time Series Analysis



Regression Analysis



Econometric and Judgmental Analysis

16

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed

Key Secondary Sources

 Compagnie Générale des

 Automotive Tyre Manufacturers’ Association

Établissements Michelin (CGEM),

 U.S. Tire Manufacturers Association

 Titan Tire Corporation  Trelleborg AB  Balkrishna Industries Limited  Pirelli & C. S.p.A.

 World Bank  TechSci Research Proprietary Database & Knowledge Repository

 Bridgestone Corporation  Prometeon Tyre Group S.r.l.  The Goodyear Tire & Rubber Company  The Yokohama Rubber Co., Ltd.

 Company Annual Reports  Industry Magazines  Industry Reports

 Continental Aktiengesell  Sumitomo Rubber Industries, Ltd.  Apollo Tyres Ltd.

 News Dailies  Credible Paid Databases

 Hankook Tire Co. Ltd.  Hangzhou Zhongce Rubber CO., LTD.  Cheng Shin Rubber Ind. Co., Ltd. 17

INDUSTRY BRIEF According to TechSci Research report, “Global Agriculture Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2014–2024”, global agriculture tire market is forecast to reach around $ 7.5 billion by 2024, on account of rising agriculture vehicle sales and expanding agriculture vehicle fleet size. In 2018, tractor agriculture tire segment dominated global agriculture tire market, followed by trailers and combine harvesters vehicle tires. Tractor tire segment is anticipated to continue its dominance in the market during forecast period as well owing to expanding fleet size of tractors, especially in developing countries.

Among all the regional markets, global agriculture tire is dominated by Asia-Pacific. With a volume share of more than 60% in 2018, Asia-Pacific region is anticipated to continue its dominance in the coming years as well. The second largest regional market for agriculture tires is Europe & CIS, followed by North America, South America, and Middle East & Africa. Over the last few years, presence of various multinational companies like Compagnie Générale des Établissements Michelin (CGEM), Titan Tire Corporation, Trelleborg AB, Balkrishna Industries Limited, Pirelli & C. S.p.A., etc., has intensified the competition in global agriculture tire market. Moreover, widespread presence of well-established network of dealers and distributors is expected to further increase the market share of the above-mentioned tire companies in the coming years.

“Over the past few years, global agriculture tire industry has witnessed a considerable increase in demand for agriculture vehicles due to increasing focus of the governments on strengthening the agriculture sector, especially in agrarian nations, which has resulted in rising agriculture tire sales. This trend is expected to prevail in the coming years as well owing to continuous growth in agriculture vehicles production and demand, especially in developing economies across the globe. Moreover, increasing demand for high flexion tractor tires and VF sprayer tires due to their extreme load carrying capacity would further steer growth in agriculture tire market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

18

SAMPLE DATA - SNAPSHOT Global Agriculture Tire Market Size, By Volume, 2019E &

Global Agriculture Tire Market, By Share, By Company, By Volum

2024F (Million Units)

XX

Million

2024FUnits

Company A Company B

XX% CAGR

XX

Million 2019E Units

Company C Company D Others

Europe Agriculture Tire Market Size, By Value (USD Million), 2014–2024F

5.00

2014

6.00

2018

7.00

CAGR By Value 2019E

XX%

9.00

8.00

10.00

12.00

11.00

14.00

13.00

15.00

CAGR By Value

YY%

2024F

Global Agriculture Tire Market Share, By Demand Category, By Volume, 2014–2024F

OEM

Replacement

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

2024F

19

REPORT ORDERING

Report Name: GLOBAL AGRICULTURE TIRE MARKET FORECAST & OPPORTUNITIES 2014 – 2024

Report Price License Type

Price

Electronic Access - Single User License

$4450

Electronic Access - Multi-User License

$5450

Custom Research License

$9450

To View Sample OR Purchase Report

20

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

Related Reports •

Global Two Wheeler Brake Component Market, 2024

•

Australia All Terrain Vehicle Market, 2024

•

Global Automotive Seat Market, 2024

TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com

Disclaimer

TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com

TechSci Research – AsiaPacific B – 44, Sector – 57, Noida, National Capital Region, U.P. India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com

The contents of this report are based on information generally available to the public from sources believed to be reliable.

No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

Partial List of Clients