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The global Farm Tire market was valued at US$ 5827.6 million in 2023 and is projected to reach US$ 7147.5 million by 2030, at a CAGR of 2.9% during the forecast period.
The USA Global Farm Tire market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China Global Farm Tire market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe Global Farm Tire market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
This research report provides a comprehensive analysis of the Farm Tire market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Farm Tire market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Farm Tire, challenges faced by the industry, and potential opportunities for market players.
The global Farm Tire market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Farm Tire market presents opportunities for various stakeholders, including Tractors, Harvesters. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Farm Tire market. Additionally, the growing consumer demand present avenues for market expansion.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales.
According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was 131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of 15.89 billion.
Key Features:
The research report on the Farm Tire market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Farm Tire market.
Market Overview: The report provides a comprehensive overview of the Farm Tire market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Original Equipment, Replacement Tires), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Farm Tire market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Farm Tire market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Farm Tire market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Farm Tire market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Farm Tire market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Farm Tire market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Farm Tire, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Farm Tire market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Farm Tire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Market segment by Application
Global Farm Tire Market Segment Percentages, By Region and Country, 2023 (%)
Major players covered
Outline of Major Chapters: