 | • レポートコード：MRC2304H002 • 出版社/出版日：Mordor Intelligence / 2023年1月23日 • レポート形態：英文、PDF、114ページ • 納品方法：Eメール（受注後2-3営業日） • 産業分類：自動車 |
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レポート概要
| Mordor Intelligence社の市場調査レポートでは、2021年に6,248.46百万ドルであった世界の農業用タイヤ市場規模が、2027年には8,821.12百万ドルを上回り、予測期間中（2022-2027）にCAGR 5.13%で増加すると予測しています。本書では、農業用タイヤの世界市場について調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、市場動向、販売チャネル別（OEM、交換/アフターマーケット）分析、用途別（トラクター、コンバイン、スプレイヤー、トレーラー、その他）分析、タイヤ別（バイアスタイヤ、ラジアルタイヤ）分析、地域別（北米、ヨーロッパ、アジア太平洋、アメリカ、カナダ、ドイツ、イギリス、フランス、スペイン、イタリア、中国、日本、インド、韓国、ブラジル、南アフリカ、その他）分析、競争状況、市場機会・将来の動向など、以下の内容でまとめています。なお、参入企業情報として、Bridgestone Corp.、Continental AG、Balakrishna Industries Limited、Titan International Inc.、Trelleborg AB、Michelin、Nokian Tyres PLC、Pirelli & C SpA（Prometeon Tyre Group）、Alliance Tire Group、Apollo Tyres、Magna Tyresなどが含まれています。 ・イントロダクション ・調査手法 ・エグゼクティブサマリー ・市場動向 ・世界の農業用タイヤ市場規模：販売チャネル別 - OEMチャネルの市場規模 - 交換/アフターマーケットチャネルの市場規模 ・世界の農業用タイヤ市場規模：用途別 - トラクター用タイヤの市場規模 - コンバイン用タイヤの市場規模 - スプレイヤー用タイヤの市場規模 - トレーラー用タイヤの市場規模 - その他用途における市場規模 ・世界の農業用タイヤ市場規模：タイヤ別 - バイアスタイヤの市場規模 - ラジアルタイヤの市場規模 ・世界の農業用タイヤ市場規模：地域別 - 北米の農業用タイヤ市場規模 アメリカの農業用タイヤ市場規模 カナダの農業用タイヤ市場規模 … - ヨーロッパの農業用タイヤ市場規模 ドイツの農業用タイヤ市場規模 イギリスの農業用タイヤ市場規模 フランスの農業用タイヤ市場規模 … - アジア太平洋の農業用タイヤ市場規模 中国の農業用タイヤ市場規模 インドの農業用タイヤ市場規模 日本の農業用タイヤ市場規模 … - その他地域の農業用タイヤ市場規模 ブラジルの農業用タイヤ市場規模 南アフリカの農業用タイヤ市場規模 … ・競争状況 ・市場機会・将来の動向 |
The agricultural tires market was valued at USD 6,248.46 million in 2021, and it is expected to surpass the value of USD 8,821.12 million by 2027, with a CAGR of 5.13% during the forecast period, 2022 – 2027.
While the overall scenario of the market is positive, the demand is hugely dependent on the economic turmoil in the region that invariably affects the farmers’ income and purchase of farm machinery. However, a downturn in farming equipment sales was witnessed in 2020, as the COVID-19 pandemic severely impacted the automotive industries, including the agriculture tires market.
The rise in demand for efficient and productive agricultural machinery end-products, especially among developed nations, drives the agriculture tires market. After China, Germany is the second-largest exporter and manufacturer of agricultural tires. The demand for farm products from expanding populations and technological advancements in agricultural equipment are the primary factors propelling the market growth.
The agriculture tires aftermarket is highly fragmented and poses a high risk to OEMs in this field. Changing agriculture machinery design and increasing penetration into newer unknown terrain may require tires with newer and stronger rubber compounds. Floatation tires, forestry tires, trailer tires, and compound rubber tires with steel flex walls are the trending tires in the agricultural tires market.
Agricultural Tires Market Trends
The Increasing Demand for Tractors is Driving the Market
The migration of people from rural to urban regions, rising labor costs, and lack of skilled labor in most developing countries are fueling tractor sales. Shortage of farm labor and its rising cost are among the main reasons for the increasing mechanization of the farming industry.
The increasing need for operational efficiency and the rise in labor costs are expected to boost the demand for agricultural tractors. Over the forecast period, the market for agricultural tractors would be driven by limited labor availability.
Considering simple demand-supply economics and the transfer of labor from urban to rural areas, the cost of farm labor has a direct link to the percentage of a country’s entire population employed in agriculture. Hence, to reduce dependency on human labor, farm owners are investing in farm equipment, thereby reducing the time and effort taken for farming.
Various governments have introduced new strategies to produce and consume locally to bridge the supply chain gaps and address the labor shortage in the agriculture sector. To assist smaller players, the governments have implemented a few comprehensive tax reforms. For example:
- The Indian government has 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 has introduced the ‘Canadian Agricultural Loans Act,’ which offers farmers a loan of up to USD 500 thousand when purchasing land or a tractor. It may also be used to repair buildings.
Farmers are increasingly investing in farm equipment to work at optimum capacity with a lesser workforce. Although these equipment types come with a high initial investment, they help improve overall crop quality and quantity. Many farmers are now scaling down their agricultural operations and leasing out a portion of their farms to offset rising labor costs.
As more farmers reduce their dependency on labor, it is expected that tractor sales will witness healthy growth in the coming years, thereby driving the demand for tractor tires over the forecast period.
Increasing Demand in the United States Despite Falling Farm Income
The agricultural tires market in the United States is projected to register a CAGR of 5.36% during the forecast period.
The US agricultural sector has witnessed steady growth, with marginal production loss due to the COVID-19 pandemic. However, in 2019, trade tensions, coupled with bad weather, hampered planting and harvesting throughout the country. As per the latest data released by the US Department of Agriculture, agricultural exports in 2020 accounted for USD 177 billion.
Replacement tire sales in the country witnessed a Y-o-Y decline of 9% in 2019; however, it is pegged for growth during the forecast period due to the positive outlook for the agriculture sector. The envisioned growth has encouraged tire manufacturers to enhance their production capacity and release new tire variants to cater to a larger market segment.
On this note, Nokian Tires and Continental AG are aiming to initiate commercial production at their newly constructed facilities in the United States, which have been constructed at a capital investment of USD 360 million and USD 1.45 billion, respectively.
Because of the aforementioned reasons, the market in the United States is projected to grow at a high rate compared to other regions.
Agricultural Tires Market Competitor Analysis
The agricultural tires market is fragmented. The major players in the agricultural tires market are Bridgestone Corporation (Firestone), Titan International Inc. (Goodyear Tires), BKT, Continental Reifen Deutschland GmbH, and Michelin, among others.
Other companies in the industry include Carlisle Companies Incorp., Trelleborg Wheel Systems, and McCreary Tire & Rubber Co. In order to maintain market dominance, the major companies are focusing on product up-gradation and customization to expand the overall product line, with robust offerings in the agricultural tires market.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Sales Channel Type
5.1.1 OEM
5.1.2 Replacement/Aftermarket
5.2 Application Type
5.2.1 Tractors
5.2.2 Combine Harvesters
5.2.3 Sprayers
5.2.4 Trailers
5.2.5 Loaders
5.2.6 Other Application Types
5.3 Tire Type
5.3.1 Bias Tires
5.3.2 Radial Tires
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Italy
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 Brazil
5.4.4.2 South Africa
5.4.4.3 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Bridgestone Corp.
6.2.2 Continental AG
6.2.3 Balakrishna Industries Limited
6.2.4 Titan International Inc.
6.2.5 Trelleborg AB
6.2.6 Michelin
6.2.7 Nokian Tyres PLC
6.2.8 Pirelli & C SpA (Prometeon Tyre Group)
6.2.9 Alliance Tire Group
6.2.10 Apollo Tyres
6.2.11 Magna Tyres
7 MARKET OPPORTUNITIES AND FUTURE TRENDS