Agriculture and Forestry Machinery Tires Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The global agriculture and forestry machinery tires market has experienced significant growth over the past few years, driven by increasing demand for advanced machinery in both agriculture and forestry sectors. The market is expanding due to the rising adoption of mechanized farming and the growing need for efficient tires that can withstand various terrains. The need for tires that offer improved fuel efficiency, durability, and performance is increasing as agricultural machinery becomes more specialized. Additionally, innovations in tire technology, such as radial tires and those designed for specific applications like forestry, are gaining traction, contributing to market growth. These developments are poised to support the rise in mechanization across emerging economies, creating opportunities for tire manufacturers to expand their product portfolios and target regional markets that require specific tire solutions for agricultural and forestry machinery.
There are various trends and opportunities emerging in the global agriculture and forestry machinery tires market. With the rising focus on sustainable practices, there is an increasing demand for tires that are both eco-friendly and energy-efficient. Furthermore, manufacturers are increasingly focusing on creating tires that provide enhanced traction, stability, and wear resistance, which is critical for agricultural and forestry operations. The adoption of smart technology, such as tire pressure monitoring systems (TPMS), is another key trend shaping the market, helping farmers and forestry professionals improve efficiency and reduce operational costs. As markets in developing regions continue to grow and mechanization increases, there will be substantial opportunities for both established and new players to capitalize on emerging demand. Manufacturers are also working towards developing tires tailored to specific machinery, opening up avenues for customization and technological integration in their products.
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Michelin
Bridgestone
Titan International
Trelleborg
Yokohama Tire
Nokian
Apollo Tyres
TUTRIC
BKT
Guizhou Tyre
Taishan Tyre
Shandong Zhentai
Xugong Tyres
Double Coin
CEAT
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Agriculture and Forestry Machinery Tires Market
Radial Tires
Diagonal Tires
Implement Tires
Specialty Tires
Natural Rubber
Synthetic Rubber
Polyester
Others
Agricultural Use
Forestry Use
Construction and Material Handling
Industrial and Commercial Applications
Small Tires
Medium Tires
Large Tires
Oversized Tires
Online Sales
Offline Sales
Direct Sales
Distributors and Dealers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Agriculture and Forestry Machinery Tires Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Agriculture and Forestry Machinery Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Agriculture and Forestry Machinery Tires Market, By Type
6. Gloabl Agriculture and Forestry Machinery Tires Market, By Application
7. Gloabl Agriculture and Forestry Machinery Tires Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Agriculture and Forestry Machinery Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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