Agricultural Machinery and Tires Market, By Machine (Tractors, Ploughing and Cultivating Machinery, Planting Machinery, Irrigation Machinery and Harvesting Machinery, and Others), By Tire Construction (Bias Tires and Radial Tires), By Application (Tractors, Combine Harvesters, Sprayers, Trailers, Loaders, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI408920 | Publish Date: May 2023 | No. of Pages: 165

Global Agricultural Machinery And Tires Overview

Agriculture and farming equipment comprises an expansive variety of machinery and tools that help carry out a number of processes to upgrade the quality and quantity of production. The adoption of machinery has brought tremendous changes, and the advantages include saving time, reduction in labor costs, and appropriate use of inputs to obtain desired output. Agriculture tire are the tires designed specifically for tractors, combine harvesters and sprayers to run in farm terrain efficiently. The agriculture tires have deeper treads and broader width to have floatation and maintain traction. Agriculture tires have lower inflation pressure that reduces soil compaction and offers better handling in the terrain..The Agricultural Machinery and Tires Market is leading in India and China and is projected to register a moderate CAGR over the forecast period

Drivers and Restraints:

Rising demand for farm tractors and harvesting machinery is expected to help the overall market grow, as these are used for multiple purposes, including harrowing, plowing, tilling, and planting. Growing awareness regarding the importance of technology in agriculture for the maximization of output is aiding the growth of the global market. Increasing global population, which is in turn augmenting the consumption of food worldwide, is leading to heightened pressure to enhance food production. As agriculture and farm machinery enhances the efficacy of production, there has been significant demand for it in recent years. Increasing modernization and depreciation in agricultural land are other factors accelerating the agriculture machinery and tires market. The incorporation of monitoring systems, GPS systems, and self-driven Machines allows the precise use of material and increases fuel economy as well. However, the urbanization like deforestation, building industries, and societies and clearing agricultural land may affect the agricultural activities. Increasing demand for agricultural vehicles in emerging economies and favorable trade policies regarding the same is an opportunity and it will benefit the target market growth.

Segmentation:

The global agricultural machinery and tires market is segmented based on machine, tire construction, application, and region.

Based on the machine, the target market is segmented into tractors, ploughing and cultivating machinery, planting machinery, irrigation machinery and harvesting machinery, and others. The tractor holds the prominent market share and also expected to dominate during forecast period. Based on tire construction, the global market is classified into bias tires and radial tires. The radial tires segment holds a major market share, as radial tires run at a lower pressure than other tires and offer better ride ability. Based on application, the target market is bifurcated into tractors, combine harvesters, sprayers, trailers, loaders, and other. Use of tractors with multiple farming equipment is expected to drive product demand in the application segment.

Based on the region the global agricultural machinery and tires market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global agricultural machinery and tires market due to growing demand. Asia Pacific agricultural machinery and tires market is projected to register a high CAGR over the forecast period owing to the growing demand and government initiatives to support the agriculture sector in the region are driving the market for agriculture tires and machinery.

Key Players:                                                                                                  

The key players operating the global agricultural machinery and tires market involves Bridgestone Corporation (Firestone), Titan International, Inc. (Goodyear Tires), BKT, Continental Reifen Deutschland GmbH, Michelin, Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra and Mahindra Ltd., Kubota Corporation. For instance, in 2019, Mahindra & Mahindra, a leading tractor manufacturer launched ARJUN NOVO 605, 50 HP technologically advanced tractor that can handle 40 applications, including puddling, harvesting, reaping, and haulage, among others. On January 31, 2020, AGCO Corporation introduced the new Fendt Momentum planter. The revolutionary design and versatility of this planter establish a new standard for seed placement accuracy and provide technologies to help overcome planting conditions that have historically challenged even emergence and resulted in less than optimum crop yields.

Detailed Segmentation:

Global Agricultural Machinery and Tires Market, By Machine:

  • Tractors, Ploughing and Cultivating Machinery
  • Planting Machinery
  • Irrigation Machinery and Harvesting Machinery
  • Others

Global Agricultural Machinery and Tires Market, By Tire Construction:

  • Disposable Agricultural Machinery and Tires
  • Reusable Agricultural Machinery and Tires

Global Agricultural Machinery and Tires Market, By Application:

  • Tractors
  • Combine Harvesters
  • Sprayers
  • Trailers
  • Loaders
  • Other

Global Agricultural Machinery and Tires Market, By Region:

  • North America
    • North America Agricultural Machinery and Tires Market, By Machine
    • North America Agricultural Machinery and Tires Market, By Tire Construction
    • North America Agricultural Machinery and Tires Market, By Application
    • North America Agricultural Machinery and Tires Market, By Country
      • The U.S.
      • Canada
    • Europe
      • Europe Agricultural Machinery and Tires Market, By Machine
      • Europe Agricultural Machinery and Tires Market, By Tire Construction
      • Europe Agricultural Machinery and Tires Market, By Application
      • Europe Agricultural Machinery and Tires Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Agricultural Machinery and Tires Market, By Machine
      • Asia Pacific Agricultural Machinery and Tires Market, By Tire Construction
      • Asia Pacific Agricultural Machinery and Tires Market, By Application
      • Asia Pacific Agricultural Machinery and Tires Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Agricultural Machinery and Tires Market, By Machine
      • Latin America Agricultural Machinery and Tires Market, By Tire Construction
      • Latin America Agricultural Machinery and Tires Market, By Application
      • Latin America Agricultural Machinery and Tires Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Agricultural Machinery and Tires Market, By Machine
      • Middle East & Africa Agricultural Machinery and Tires Market, By Tire Construction
      • Middle East & Africa Agricultural Machinery and Tires Market, By Application
      • Middle East & Africa Agricultural Machinery and Tires Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Company Profile:

  • Bridgestone Corporation (Firestone)
    • Company Overview 
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business strategies
  • Titan International, Inc. (Goodyear Tires)
  • BKT
  • Continental Reifen Deutschland GmbH
  • Michelin
  • Deere & Company
  • CNH Industrial N.V.
  • AGCO Corporation
  • Mahindra and Mahindra Ltd.
  • Kubota Corporation

 “*” marked represents similar segmentation in other categories in the respective section

Global Agricultural Machinery And Tires Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Agricultural Machinery and Tires Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Machine
      • Market Snippet, By Tire Construction
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Agricultural Machinery and Tires Market, By Machine, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Tractors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Ploughing and Cultivating Machinery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Planting Machinery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Irrigation Machinery and Harvesting Machinery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Agricultural Machinery and Tires Market, By Tire Construction, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Bias Tires
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Radial Tires
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Agricultural Machinery and Tires Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Tractors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Combine Harvesters
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Sprayers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Trailers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Loaders
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Agricultural Machinery and Tires Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Machine, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Tire Construction, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Machine, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Tire Construction, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Machine, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Tire Construction, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Machine, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Tire Construction, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Machine, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Tire Construction, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
  • Bridgestone Corporation (Firestone)
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business strategies
  • Titan International, Inc. (Goodyear Tires)
  • BKT
  • Continental Reifen Deutschland GmbH
  • Michelin
  • Deere & Company
  • CNH Industrial N.V.
  • AGCO Corporation
  • Mahindra and Mahindra Ltd.
  • Kubota Corporation
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Agricultural Machinery and Tires Market is segmented into machine, tire construction, application, and region.

Growing demand for mechanized farming, emphasis on agricultural efficiency, and the adoption of advanced machinery and tires for improved productivity drive the growth of the agricultural machinery and tires market globally.

Challenges include potential high initial costs, varying soil conditions, and the need for regular maintenance and replacement, posing global restraints in the agricultural machinery and tires market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Bridgestone Corporation (Firestone), Titan, International, Inc. (Goodyear Tires), BKT, Continental Reifen Deutschland GmbH, Michelin, Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra and Mahindra Ltd., Kubota Corporation.