市場調查報告書
商品編碼
1541689
農用輪胎市場報告(按產品(斜交輪胎、子午線輪胎)、應用(曳引機、收割機、林業、灌溉、拖車等)、分銷(OEM、售後市場)和地區 2024-2032Agricultural Tires Market Report by Product (Bias Tires, Radial Tires), Application (Tractors, Harvesters, Forestry, Irrigation, Trailers, and Others), Distribution (OEM, Aftermarket), and Region 2024-2032 |
IMARC Group年全球農用輪胎市場規模達80億美元。不斷成長的糧食需求、輪胎技術的新興技術進步以及政府實施促進農業現代化和機械化的有利政策是推動市場的一些主要因素。
主要市場促進因素:不斷擴大的農業部門和對提高農業生產力的日益成長的需求是推動農用輪胎市場成長的一些關鍵促進因素。除此之外,對糧食安全的日益關注預計將推動市場成長。
主要市場趨勢:子午線輪胎的開發、改進的胎面設計以提高牽引力、增強耐用性以及物聯網 (IoT) 和輪胎監控感測器技術的整合等創新是推動農業發展的一些重要趨勢。
地理趨勢:根據 IMARC 的農用輪胎市場報告,由於肥沃的土壤廣泛且農業部門廣泛,北美在市場上處於領先地位。除此之外,由於大片農地專門用於農作物種植和畜牧業,對高品質農用輪胎的需求正在促進市場成長。
競爭格局:全球農用輪胎市場的一些領先公司包括 Apollo Tires Limited、Balkrishna Industries Limited (BKT)、Bridgestone Corporation、CEAT Ltd. (RPG Group)、Continental AG、JK Tire & Industries Ltd.、MRF Limited、 Specialty Tires of America Inc.、住友橡膠工業有限公司、TBC Corporation(米其林)、The Carlstar Group LLC、Titan International Inc.、Trelleborg AB 和Yokohama Off-Highway Tires America Inc.(橫濱橡膠公司)等。
挑戰與機會:市場面臨許多挑戰,例如原料價格波動和農業技術不斷變化。然而,根據農用輪胎市場研究報告,由於永續輪胎解決方案的不斷發展和先進技術的融合,市場也遇到了機會。
糧食需求不斷成長,熟練勞動力匱乏
人口的成長、可支配收入的增加和生活水準的提高導致了糧食需求的增加。因此,農民正在使用曳引機和其他重型機械來滿足消費者不斷成長的需求,這對農用輪胎市場的成長產生了積極影響。資料報告顯示,為了滿足2050年全球糧食需求,全球農業產量必須增加48.6%。除此之外,每公頃耕地面積的下降和熟練勞動力的缺乏也促進了農業機械的採用,以實現高效的農業作業。此外,隨著城市化的快速發展,城市地區提供了大量的就業機會,吸引農村家庭外出工作。這種轉變導致了各地區農業勞動力的短缺。例如,根據印度經濟監測中心(CMIE)的一項調查,印度農業就業人數從2022年的1.582億下降到2023年的1.479億。農業工人的比例將下降25.7%。
輪胎產業的新興技術進步
輪胎技術的不斷發展正在提高農業生產的效率、生產力和永續性。除此之外,整合精準農業技術可以即時監測輪胎壓力和胎面磨損,最佳化輪胎性能並延長其使用壽命,最終降低營運成本並最大限度地減少土壤壓實,從而提高作物產量。出了重大貢獻。各個主要製造商正在提供技術先進的輪胎,以增加農作物產量並提高其品質。例如,印度的輪胎製造商 CEAT Specialty 提供噴霧機輪胎 SPRAYMAX,該輪胎專為大型自走式噴霧機設計,其負載比標準子午線輪胎多 40%。此外,它的肩部呈圓形,可最大限度地減少土壤和農作物的損壞。除此之外,印度 Apollo Tires 於 2022 年 5 月推出了名為 Virat 系列的下一代農用輪胎產品組合。這些輪胎據稱具有“業界最佳的牽引力”,並採用獨特的設計,可為農業和運輸行業使用的車輛提供高水準的性能。預計此類創新將對農用輪胎市場前景產生正面影響。
落實政府優惠政策
各國政府當局正在採取措施並實施政策來支持和維持農業部門。除此之外,多項政策的訂定,包括補貼、稅收優惠和贈款,以激勵農業活動並減輕農民的經濟負擔,正在促進市場成長。例如,印度政府實施了“農業宏觀管理計劃”,為35 PTO馬力以下的曳引機提供25%的補貼。同時,加拿大政府推出了《加拿大農業貸款法案》,為農民購買土地或曳引機時提供最高50萬美元的貸款。與此相適應,相關監管部門也開始關注機械操作人員的訓練計畫。例如,2022 年 3 月,加拿大政府根據加拿大創新解決方案 (ISC) 計畫對六家企業投資了超過 86 萬美元。該計劃為創新者提供了開發新穎的解決方案、產品和技術的機會,以應對農業領域的挑戰,從而形成一個更繁榮和更具競爭力的行業。預計此類舉措將在未來幾年提高農用輪胎的市場佔有率。
The global agricultural tires market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032. The rising food demand, the emerging technological advancements in tire technology, and the implementation of favorable government policies to promote modernization and mechanization in the agriculture sector are some of the major factors propelling the market.
Major Market Drivers: The expanding agricultural sector and the increasing need for enhanced productivity in agriculture are some of the key drivers propelling the agricultural tire market growth. In addition to this, the rising focus on food security is expected to propel the market growth.
Key Market Trends: Innovations, such as the development of radial tires, improved tread designs for better traction, enhanced durability, and the integration of the Internet of Things (IoT) and sensor technologies for tire monitoring are some of the significant trends driving the agricultural tires market demand.
Geographical Trends: According to the agricultural tires market report by IMARC, North America leads the market, driven by the wide availability of fertile soil and an expansive agricultural sector. In addition to this, with vast tracts of farmland dedicated to crop cultivation and livestock farming, the demand for high-quality agricultural tires is augmenting the market growth.
Competitive Landscape: Some of the leading companies in the global agricultural tires market include Apollo Tyres Limited, Balkrishna Industries Limited (BKT), Bridgestone Corporation, CEAT Ltd. (RPG Group), Continental AG, JK Tyre & Industries Ltd., MRF Limited, Specialty Tires of America Inc., Sumitomo Rubber Industries Ltd., TBC Corporation (Michelin), The Carlstar Group LLC, Titan International Inc., Trelleborg AB, and Yokohama Off-Highway Tires America Inc. (Yokohama Rubber Company), among many others.
Challenges and Opportunities: The market faces numerous challenges, such as fluctuating raw material prices and increasingly changing farm technologies. However, according to the agricultural tires market research report, the market also encounters opportunities on account of the rising development of sustainable tire solutions and the integration of advanced technologies.
Rising Food Demand and Low Availability of Skilled Labor
The growing population, inflating disposable incomes, and elevating standards of living have resulted in the increasing food demand. As a result, farmers are using tractors and other heavy machinery to meet the rising demand of consumers which is positively influencing the agricultural tires market growth. According to a data report, in order to meet the global food demand in 2050, agricultural production has to increase by 48.6 percent worldwide. Besides this, declining per hectare area of arable land and low availability of skilled labor are also bolstering the adoption of agricultural machinery for efficient farming operations. Moreover, with rapid urbanization, urban areas offer a plethora of job opportunities, enticing rural households to migrate. This shift has resulted in a shortage of farm labor in various regions. For instance, according to a survey by the Centre for Monitoring Indian Economy (CMIE), India witnessed a drop in the number of people employed in agriculture from 158.2 million in 2022 to 147.9 million in 2023. Looking ahead, the Indian Council of Food and Agriculture anticipates a 25.7% decline in the percentage of agriculture workers in India by 2050. This reliance, in turn, is resulting in an increasing cost of farm labor, prompting farmers to increasingly turn to efficient agricultural tires and machines.
Emerging Technological Advancements in Tire Industry
The ongoing developments in tire technology are improving the efficiency, productivity, and sustainability of agricultural operations. In addition to this, the integration of precision farming technologies that allow for real-time monitoring of tire pressure and tread wear, optimizing tire performance and extending their lifespan, eventually reducing the operational costs and minimizing soil compaction, leading to improved crop yields, is significantly contributing to the market growth. Various key manufacturers are offering technologically advanced tires to increase crop production and enhance its quality. For instance, CEAT Specialty, a tire manufacturer company in India, offers sprayer tires - SPRAYMAX, which are designed for larger self-propelled sprayers and are engineered to carry 40% more load than a standard radial. Moreover, it has rounded shoulders to minimize soil and crop damage. In addition to this, a portfolio of next-generation agricultural tires called the Virat range was launched in May 2022, by Apollo Tires in India. These tires are stated to have "industry-best traction" and feature a unique design to deliver a high level of performance to vehicles used within the agricultural and haulage sectors. Such innovations are anticipated to positively impact the agricultural tires market outlook.
Implementation of Favorable Government Policies
Government authorities of various nations are taking initiatives and implementing policies to support and sustain the agricultural sector. In addition to this, the introduction of several policies, including subsidies, tax incentives, and grants to incentivize agricultural activities and alleviate financial burdens on farmers is augmenting the market growth. For instance, the Indian government implemented the 'Macro-Management Scheme of Agriculture,' which provides a 25% subsidy on tractors up to 35 PTO HP. At the same time, the Canadian government introduced the 'Canadian Agricultural Loans Act,' which offers farmers a loan of up to US$ 500,000 while purchasing land or a tractor. In line with this, concerned regulatory authorities are also focusing on training programs for machinery operators. For instance, in March 2022, the Government of Canada made an investment of over US$ 860,000 in six businesses under the Innovative Solutions Canada (ISC) program. The initiative offers innovators the opportunity to develop their novel solutions, products, and technologies to address challenges in the agriculture sector, resulting in a more prosperous and competitive sector. Such initiatives are projected to propel the agricultural tires market share in the coming years.
IMARC Group provides an analysis of the key trends in each segment of the global agricultural tires market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, application, and distribution.
Bias Tires
Radial Tires
Bias tires represent the most used product
The report has provided a detailed breakup and analysis of the market based on the product. This includes bias tires and radial tires. According to the report, bias tires accounted for the largest market share.
Bias tires are known for their robust construction and durability and are specifically designed to withstand the rugged terrain and harsh conditions commonly encountered in agriculture. Their sturdy build ensures a longer lifespan compared to other tire types, reducing the need for frequent replacements and ultimately saving farmers time and money. Moreover, ongoing advancements in bias tires are creating a positive outlook for the overall market. For instance, in March 2024, Bridgestone Americas (Bridgestone) introduced an improved Regency Plus bias tire portfolio for Firestone Ag. With extensive, cost-effective options for a variety of applications, including fronts and implements, plus solutions for utility, light construction, and lawn and garden equipment, the Regency Plus bias tire will help farmers enhance their crop yield.
Tractors
Harvesters
Forestry
Irrigation
Trailers
Others
Tractors hold the largest share of the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes tractors, harvesters, forestry, irrigation, trailers, and others. According to the report, tractors accounted for the largest market share.
Tractors are the workhorses of modern agriculture, indispensable for various farming activities such as plowing, tilling, planting, and harvesting. They are versatile machines capable of performing various tasks. Both small-scale and large-scale farmers rely heavily on tractors to improve efficiency and productivity on their farms. As a result, various manufacturers are increasingly launching tractors with advanced tire technologies. For instance, in October 2023, International Tractors Limited (ITL) launched three new series of Solis tractors for the global market. This includes a new SV Solis electric tractor that can be charged from 0-100% in 3-3.5 hours. The new launches are spread across the N series, designed for narrow farm use such as orchards and vineyards, C series with Stage-V series engine designed for robustness, S series with powerful 10hp-125hp outputs for tougher farm applications, SV series as zero-emission solutions and H series with Hydrostatic Automatic Transmission (HAT) for more comfort and ease of use.
OEM
Aftermarket
Aftermarket presently accounts for the largest market share
A detailed breakup and analysis of the market based on the distribution has also been provided in the report. This includes OEM, and aftermarket. According to the report, aftermarket accounted for the largest market share.
The rising demand for the replacement of tires by farmers on account of the expansion of agricultural activities across the globe is augmenting the growth of the aftermarket segment. In addition, aftermarket tires can be tailored to suit various agricultural applications, be it for tractors, harvesters, or other specialized machinery. This customization resonates with customers seeking durability and performance tailored to their unique operational requirements.
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance in the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest agricultural tires market share.
The North America region is driven by the availability of fertile soils and an expansive agricultural sector. Moreover, a robust economy supports investments in the agricultural sector, leading to increased demand for equipment and tires in the region. In addition to this, elevated farm consolidation and greater government support through subsidies are driving sales of high-capacity agricultural machinery and equipment. According to the Association of Equipment Manufacturers (AEM), the total number of tractors and combines sold in 2021 in North America was 360,000 units. That year, there was a sales increase of over 10% in nearly every segment of agricultural tractors and combines in the United States and Canada. Furthermore, the US-based agricultural machinery giant John Deere began enhancing the AI-based innovation process in tractors by acquiring an AI start-up, Blue River Technology. Such innovations are expected to drive the demand for technologically advanced tractors in the long term.
Apollo Tyres Limited
Balkrishna Industries Limited (BKT)
Bridgestone Corporation
CEAT Ltd. (RPG Group)
Continental AG
JK Tyre & Industries Ltd.
MRF Limited
Specialty Tires of America Inc.
Sumitomo Rubber Industries Ltd.
TBC Corporation (Michelin)
The Carlstar Group LLC
Titan International Inc.
Trelleborg AB
Yokohama Off-Highway Tires America Inc. (Yokohama Rubber Company)
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
April 2024: Hercules Tire and Rubber Company (HTR), a subsidiary of American Tire Distributors (ATD), introduced the all-new AG-TRAC F-2, a robust tire designed for optimal performance on multiple farm surfaces. This tire is offered in two key 16" sizes for 2WD Front Tractor wheel positions, providing the flotation, durability, and steering response needed for smooth operation in various agricultural settings.
March 2024: Bridgestone Americas (Bridgestone) introduced an improved Regency Plus bias tire portfolio for Firestone Ag. With extensive, cost-effective options for a variety of applications, including fronts and implements, plus solutions for utility, light construction, and lawn and garden equipment, the Regency Plus bias tire will help farmers enhance their crop yield.
May 2023: Yokohama Off-Highway Tires (YOHT) announced the launch of AGRI STAR II R - I, a technologically advanced agricultural tire in India. AGRI STAR II R-I is a radial tire that comes with a unique 'Stratified Layer Technology' (SLT), which is designed to meet the growing needs of today's tractor owners.