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Asia Pacific Farm Tire Market Size, Share & Trends Analysis Report By Product, By Application, By Distribution, By Country, And Segment Forecasts, 2025 - 2030

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    Report

  • 100 Pages
  • December 2024
  • Region: Asia Pacific
  • Grand View Research
  • ID: 6041025
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Asia Pacific Farm Tire Market Growth & Trends

The Asia Pacific farm tire market size is expected to reach USD 5.50 billion by 2030. It is anticipated to expand at a CAGR of 6.9% from 2025 to 2030. Increasing the adoption of machinery and specialty vehicles in farm activities is expected to drive the demand for farm tires in the coming years. Moreover, growing agricultural activities in the region are likely to support market growth.

Commercial availability of the bias and radial tires along with a rise in the production of farm vehicles has provided the market with a wide scope. The automobile industry in the Asia Pacific is primarily driven by auto manufacturers located in India and China. Moreover, the introduction of specialty farm vehicles by foreign multinationals has supported product demand.

Tractors, harvesters, forestry vehicles, irrigation machinery, implements, and sprayers are the major applications of farm tires. Growing preference for agricultural activities in the region along with the introduction of tractors in varied sizes is expected to augment the demand for farm tires. Moreover, the periodic maintenance and replacement cycle of these vehicles are likely to support the demand over the forecast period.

Leading farm tire manufacturers are aiming at expanding the production capacities to meet the demand. They are also focusing on the introduction of tires of standard dimensions and custom size in light of new innovations in farm vehicles. Prominent players in the market are Balkrishna Industries Limited, Bridgestone Corporation, Continental AG, Michelin, and MRF Limited among others.

Asia Pacific Farm Tire Market Report Highlights

  • Radial farm tire product segment is expected to expand at the fastest CAGR of 6.9% in terms of revenue, over the forecast period on account of growing utilization in all forms of tractors and harvesters in the farm activities
  • In 2024, tractor applications for farm tires accounted for a significant share of 49.5% and are anticipated to grow at a significant pace over the forecast period on account of increasing applications in agricultural activities
  • In India, the revenue for farm tires in harvester application accounted for a revenue share of 7.3% in 2024 owing to the acceptance in the varied farm activities across the countries
  • China was the largest market for farm tire consumption in 2024 owing to large application industries including agriculture, irrigation, constructions, and growing forest activities
  • In May 2019, Apollo Tyre started its first dedicated service outlet for farm /agriculture tire in Nashik, India. The outlet is equipped with automated machinery for the service of farm tires

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Asia Pacific Farm Tire Market Variables, Trends & Scope
3.1. Asia Pacific Farm Tire Market Outlook
3.2. Industry Value Chain Analysis
3.3. Distribution Overview
3.4. Average Price Trend Analysis
3.5. Supply-Demand Gap Analysis, 2024
3.6. Regulatory Framework
3.6.1. Policies and Incentive Plans
3.6.2. Standards and Compliances
3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
3.8.1. Supplier Power
3.8.2. Buyer Power
3.8.3. Substitution Threat
3.8.4. Threat From New Entrant
3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
3.9.1. Political Landscape
3.9.2. Economic Landscape
3.9.3. Social Landscape
3.9.4. Technological Landscape
3.9.5. Environmental Landscape
3.9.6. Legal Landscape
Chapter 4. Asia Pacific Farm Tire Market: Product Outlook Estimates & Forecasts
4.1. Asia Pacific Farm Tire Market: Product Movement Analysis, 2024 & 2030
4.1.1. Bias
4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
4.1.2. Radial
4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 5. Asia Pacific Farm Tire Market: Application Outlook Estimates & Forecasts
5.1. Asia Pacific Farm Tire Market: Application Movement Analysis, 2024 & 2030
5.1.1. Tractors
5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
5.1.2. Harvesters
5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
5.1.3. Forestry
5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
5.1.4. Irrigation
5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
5.1.5. Implements
5.1.5.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
5.1.6. Sprayers
5.1.6.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 6. Asia Pacific Farm Tire Market: Distribution Outlook Estimates & Forecasts
6.1. Asia Pacific Farm Tire Market: Distribution Movement Analysis, 2024 & 2030
6.1.1. OEM
6.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
6.1.2. Aftermarket
6.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 7. Asia Pacific Farm Tire Market Country Outlook Estimates & Forecasts
7.1. Asia Pacific Farm Tire Market: Country Movement Analysis, 2024 & 2030
7.2. China
7.2.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
7.2.2. Market Estimates and Forecast, By Product, 2018 - 2030 (Thousand Units) (USD Million)
7.2.3. Market Estimates and Forecast, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
7.2.4. Market Estimates and Forecast, By Application, 2018 - 2030 (Thousand Units) (USD Million)
7.3. India
7.3.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
7.3.2. Market Estimates and Forecast, By Product, 2018 - 2030 (Thousand Units) (USD Million)
7.3.3. Market Estimates and Forecast, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
7.3.4. Market Estimates and Forecast, By Application, 2018 - 2030 (Thousand Units) (USD Million)
7.4. Japan
7.4.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
7.4.2. Market Estimates and Forecast, By Product, 2018 - 2030 (Thousand Units) (USD Million)
7.4.3. Market Estimates and Forecast, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
7.4.4. Market Estimates and Forecast, By Application, 2018 - 2030 (Thousand Units) (USD Million)
7.5. Australia
7.5.1. Market Estimates and Forecast, 2018 - 2030 (Thousand Units) (USD Million)
7.5.2. Market Estimates and Forecast, By Product, 2018 - 2030 (Thousand Units) (USD Million)
7.5.3. Market Estimates and Forecast, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
7.5.4. Market Estimates and Forecast, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Vendor Landscape
8.2.1. Company Categorization
8.2.2. List Of Key Distributors and Channel Partners
8.2.3. List Of Potential Customers/End Users
8.3. Competitive Dynamics
8.3.1. Competitive Benchmarking
8.3.2. Strategy Mapping
8.3.3. Heat Map Analysis
8.4. Company Profiles/Listing
8.4.1. Apollo Tyres Ltd.
8.4.1.1. Participant’s Overview
8.4.1.2. Financial Performance
8.4.1.3. Product Benchmarking
8.4.1.4. Strategic Initiatives
8.4.2. Bridgestone Corporation
8.4.2.1. Participant’s Overview
8.4.2.2. Financial Performance
8.4.2.3. Product Benchmarking
8.4.2.4. Strategic Initiatives
8.4.3. CEAT LTD.
8.4.3.1. Participant’s Overview
8.4.3.2. Financial Performance
8.4.3.3. Product Benchmarking
8.4.3.4. Strategic Initiatives
8.4.4. Continental Corporation
8.4.4.1. Participant’s Overview
8.4.4.2. Financial Performance
8.4.4.3. Product Benchmarking
8.4.4.4. Strategic Initiatives
8.4.5. The Goodyear Tire & Rubber Company
8.4.5.1. Participant’s Overview
8.4.5.2. Financial Performance
8.4.5.3. Product Benchmarking
8.4.5.4. Strategic Initiatives
8.4.6. JK Tyre & Industries
8.4.6.1. Participant’s Overview
8.4.6.2. Financial Performance
8.4.6.3. Product Benchmarking
8.4.6.4. Strategic Initiatives
8.4.7. Michelin Tyres
8.4.7.1. Participant’s Overview
8.4.7.2. Financial Performance
8.4.7.3. Product Benchmarking
8.4.7.4. Strategic Initiatives
8.4.8. MRF Limited
8.4.8.1. Participant’s Overview
8.4.8.2. Financial Performance
8.4.8.3. Product Benchmarking
8.4.8.4. Strategic Initiatives
8.4.9. Nexen Tire Corporation
8.4.9.1. Participant’s Overview
8.4.9.2. Financial Performance
8.4.9.3. Product Benchmarking
8.4.9.4. Strategic Initiatives
8.4.10. Yokohama Tire Corporation
8.4.10.1. Participant’s Overview
8.4.10.2. Financial Performance
8.4.10.3. Product Benchmarking
8.4.10.4. Strategic Initiatives
8.4.11. Pirelli
8.4.11.1. Participant’s Overview
8.4.11.2. Financial Performance
8.4.11.3. Product Benchmarking
8.4.11.4. Strategic Initiatives
List of Tables
Table 1. List of Abbreviations
Table 2. Asia Pacific Farm Tire Market Estimates And Forecasts, By Product, 2018 - 2030 (Thousand Units) (USD Million)
Table 3. Asia Pacific Farm Tire Market Estimates And Forecasts, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Table 4. Asia Pacific Farm Tire Market Estimates And Forecasts, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
Table 5. Asia Pacific Farm Tire Market Estimates And Forecasts, By Region, 2018 - 2030 (Thousand Units) (USD Million)
Table 6. Asia Pacific Farm Tire Market Estimates And Forecasts, By Country, 2018 - 2030 (Thousand Units) (USD Million)
Table 7. Asia Pacific Farm Tire Market Estimates And Forecasts, By Product, 2018 - 2030 (Thousand Units) (USD Million)
Table 8. Asia Pacific Farm Tire Market Estimates And Forecasts, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Table 9. Asia Pacific Farm Tire Market Estimates And Forecasts, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
Table 10. China Farm Tire Market Estimates And Forecasts, By Product, 2018 - 2030 (Thousand Units) (USD Million)
Table 11. China Farm Tire Market Estimates And Forecasts, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Table 12. China Farm Tire Market Estimates And Forecasts, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
Table 13. India Farm Tire Market Estimates And Forecasts, By Product, 2018 - 2030 (Thousand Units) (USD Million)
Table 14. India Farm Tire Market Estimates And Forecasts, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Table 15. India Farm Tire Market Estimates And Forecasts, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
Table 16. Japan Farm Tire Market Estimates And Forecasts, By Product, 2018 - 2030 (Thousand Units) (USD Million)
Table 17. Japan Farm Tire Market Estimates And Forecasts, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Table 18. Japan Farm Tire Market Estimates And Forecasts, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
Table 19. Australia Farm Tire Market Estimates And Forecasts, By Product, 2018 - 2030 (Thousand Units) (USD Million)
Table 20. Australia Farm Tire Market Estimates And Forecasts, By Application, 2018 - 2030 (Thousand Units) (USD Million)
Table 21. Australia Farm Tire Market Estimates And Forecasts, By Distribution, 2018 - 2030 (Thousand Units) (USD Million)
List of Figures
Fig. 1 Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Market Snapshot
Fig. 6 Segment Outlook
Fig. 7 Competitive Outlook
Fig. 8 Value Chain Analysis
Fig. 9 Market Dynamics
Fig. 10 Porter’s Analysis
Fig. 11 PESTEL analysis
Fig. 12 Asia Pacific Farm Tire Market, By Product: Key Takeaways
Fig. 13 Asia Pacific Farm Tire Market, By Product: Market Share, 2024 & 2030
Fig. 14 Asia Pacific Farm Tire Market, By Application: Key Takeaways
Fig. 15 Asia Pacific Farm Tire Market, By Application: Market Share, 2024 & 2030
Fig. 16 Asia Pacific Farm Tire Market, By Distribution: Key Takeaways
Fig. 17 Asia Pacific Farm Tire Market, By Distribution: Market Share, 2024 & 2030
Fig. 18 Asia Pacific Farm Tire Market, By Region: Key Takeaways
Fig. 19 Asia Pacific Farm Tire Market, By Region: Market Share, 2024 & 2030

Companies Mentioned

  • Apollo Tyres Ltd.
  • Bridgestone Corporation
  • CEAT LTD.
  • Continental Corporation
  • The Goodyear Tire & Rubber Company
  • JK Tyre & Industries
  • Michelin Tyres
  • MRF Limited
  • Nexen Tire Corporation
  • Yokohama Tire Corporation
  • Pirelli

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedDecember 2024
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 3.7 billion
Forecasted Market Value ( USD ) by 2030 $ 5.5 billion
Compound Annual Growth Rate6.9%
Regions CoveredAsia Pacific
No. of Companies Mentioned11

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