The Agriculture Tires Market is segmented, by Application Type (Tractors, Harvesters, and Others), Tire Type (Radial Tires and Bias Tires), End-User Type (OE and Aftermarket), and Region (North America [The USA, Canada, andMexico], Europe [Germany, France, The UK, Turkey, Russia, and Rest of Europe],
Asia-Pacific [China, Japan, India, and the Rest of Asia-Pacific], and the Rest of the
World [Brazil, South Africa, and Others]).
SegmentAnalysis
ApplicationTrends
The market is segmented as tractors, harvesters, and others. Tractor is expected to remain the most dominant as well as the fastest-growing
application type for the market and it holds a revenue share of more than
77% in 2021.
Tractors have a larger fleet than other farm machinery, and modifications in tractors have resulted in compatibility with the most recent
farming equipment, leading to increased market usage. China and India account
for a sizable share of the global tractors market. Tractors are used for a
variety of tasks, including irrigation, harvesting, and spreading fertilizer,
which necessitates the use of more specialized tires with larger rim sizes.
Tire Trends
The market is segmented as radial tires and bias tires. Bias tires are expected to be the larger segment, whereas radial tires are anticipated to
be the faster-growing tire type in the market and it holds a revenue share
of more than 73% in 2021.
Radial tires are compatible with low pressure and provide significantly greater rideability than bias tires. Because of their higher strength and
flexibility, radial tires can absorb shocks, collisions, and bumps better than
bias tires. Puncture resistance is improved with radial tires. Radial tires
have seen a significant increase in demand as a result of these considerations.
End-user Trends
The market is segmented as OE and aftermarket. Aftermarket is expected to be the dominant segment of the market and it holds a revenue
share of more than 75% in 2021. It is critical to keep agricultural tires in good condition and to replace them as needed due to wear and
tear. Damaged tires cause soil to crumble and compress, lowering the crop
yield, and driving the growth of the segment over the forecast period.
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