Middle
East and Africa Agricultural Tires Market
In
the Middle East and Africa, the agricultural
tires market is growing, driven by the expansion of
commercial farming and mechanization initiatives. The need for durable,
high-performance tires capable of withstanding varied climates and terrain is
propelling market growth. Countries with arid climates require specialized
tires for challenging conditions, making durability and reliability key market
drivers in this region.
Agricultural tires are specialty tires that are used for agricultural
machinery like tractors, harvesters, trailers, and so on. These tires improve
farming vehicles' fuel economy, performance, and driver comfort.
Agriculture
tires, as the name suggests, are intended for use on a farm or in agriculture.
The diagonal thread on these tires is angled at 45 degrees. The traction
provided by the treads allows the tractor to move quickly through mud and soil.
These come in various sizes and diameters and are suitable for a wide range of
equipment, including tractors, trailers, combine harvesters, sprayers, and skid
steer loaders. These are made of high-quality rubber for long life and better
performance on and off the field. They have large ribs and voids for traction
in soft terrain. These tires improve fuel efficiency and hillside stability.
Some tires have a diamond tread design for minimal soil disruption.
One
of the primary reasons for the increased need for mechanization in the
agricultural sector is the rising food demand. Tires play a vital role in the
performance of agricultural machines, and hence the demand for agrarian ties is
increasing. Tires, on the other hand, are harmful to the environment because
they are not biodegradable. They contribute to landfill waste, despite the fact
that the Environmental Protection Agency classifies them as municipal solid
waste rather than hazardous waste (EPA). Tires emit toxins, and the oils they
contain can contaminate soil and groundwater. Furthermore, solvents or volatile
organic compounds (VOC) are used to produce heavy and treads for enhancing the
adhesion of the tires, with the process emitting the greatest number of
emissions into the atmosphere. The hazardous nature of agricultural tires may
restrict the market growth in the near future.
Market
Research Future (MRFR) projects the global Agricultural Tires Market to register a significant CAGR of 5% from
2020 to 2026 (forecast period).
Tractors
were previously used for simple tasks such as plowing and tilling. Tractors now
perform a variety of tasks such as irrigation, harvesting, and fertilizer
spreader, necessitating the use of more specialized tires with larger rim
sizes, which are more expensive. Until 2009, the largest agriculture tire had a
circumference of 243 inches; however, tire manufacturers are now offering sizes
up to 256 inches. The overall increase in tire size has fueled the tire price
and, as a result, is boosting the market in terms of revenue.
The
agricultural tire market is changing dramatically as a result of digital
innovations. For example, in December 2019, Continental AG, a leading German
multinational automotive parts manufacturing company, announced the
introduction of Agriculture TireTech, an innovative agriculture app that serves
as a pressure and load calculator to achieve optimal safety and efficiency when
using Continental agricultural tires. Companies in the agriculture tire market
hope to expand their portfolio of comprehensive digital services and solutions
for their customers by using mobile apps.
Key
Players
Key
players operating in the global Agricultural Tires Market are Bridgestone
Corp., Trelleborg AB, Continental AG, Balakrishna Industries Limited, Titan
International, Inc., Michelin, Nokian Tires PLC, Pirelli & C SpA, Alliance
Tire Group, and Apollo Tires.
Summary
The
global Agricultural Tires Market is predicted to register a significant CAGR of
5% from 2020 to 2026 (forecast period). The global Agricultural Tires Market is
anticipated to grow moderately during the forecast period, owing to rising
demand for automation in farming activities and growing mechanization in agriculture.
These factors are expected to propel the demand for agricultural tires in the
coming years.
COVID-19
Impact on the Global Agricultural Tires Market
The
global outbreak of a novel coronavirus pandemic is likely to induce a slight
slowdown in the industry. Due to labor shortages, manufacturing operations have
come to a halt. This has resulted in a major decline in demand from end-use
industries.
Market
Segmentation
The
global agricultural tires industry has been segmented by tire type, sales channel,
and application.
By
tire type, the global Agricultural Tires Market has been segmented into Bias
Tires and Radial Tires. The radial tires segment is expected to grow at a
significant CAGR in the coming years.
By
sales channel, the global Agricultural Tires Market has been segmented into OEM
and Aftermarket. The aftermarket segment earned a sizeable share and is
predicted to grow at a significant CAGR in the coming years.
By
application, the global Agricultural Tires Market has been segmented into tractors,
trailers, combine harvesters, sprayers, loaders, and others. The tractors
segment earned a sizeable share and is projected to grow at a significant CAGR
in the coming years.
Regional
Analysis
Based
on region, the global agricultural tires industry has been segmented into North
America, Europe, Asia Pacific, and the rest of the world.
North
America earned the largest share of the market due to advancements in farming
equipment and evolution in the agricultural industry, which is assisting in the
growth of modern-day integrated farming activities. Furthermore, the increasing
agricultural growth in India and China has made the Asia Pacific the next
fastest-growing region. China and India account for a significantly high number
of tractors in use worldwide. As a result, they present significant
opportunities for manufacturers of agricultural tires.
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