The Agriculture Tires Market is segmented, by Application Type (Tractors, Harvesters, and Others), Tire Type (Radial Tires and Bias Tires), End-User Type (OE and Aftermarket), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Turkey, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, South Africa, and Others]).

Segment Analysis

Application Type

The agriculture tires market is segmented as tractors, harvesters, and others. Tractor is expected to remain the most dominant as well as the fastest-growing application type for the agriculture tires market and it holds a revenue share of more than 77% in 2021. Tractors have a larger fleet than other farm machinery, and modifications in tractors have resulted in compatibility with the most recent farming equipment, leading to increased market usage. China and India account for a sizable share of the global tractors market. Tractors are used for a variety of tasks, including irrigation, harvesting, and spreading fertilizer, which necessitates the use of more specialized tires with larger rim sizes.

Tire Type

The market is segmented as radial tires and bias tires. Bias tires are expected to be the larger segment, whereas radial tires are anticipated to be the faster-growing tire type in the market and it holds a revenue share of more than 73% in 2021. Radial tires are compatible with low pressure and provide significantly greater rideability than bias tires. Because of their higher strength and flexibility, radial tires can absorb shocks, collisions, and bumps better than bias tires. Puncture resistance is improved with radial tires. Radial tires have seen a significant increase in demand as a result of these considerations.

End-user Type

The market is segmented as OE and aftermarket. Aftermarket is expected to be the dominant segment of the market and it holds a revenue share of more than 75% in 2021. It is critical to keep agricultural tires in good condition and to replace them as needed due to wear and tear. Damaged tires cause soil to crumble and compress, lowering the crop yield, and driving the growth of the segment over the forecast period.

Regional Analysis

Asia-Pacific is expected to remain the largest market for agriculture tires and it holds a revenue share of more than 52% in 2021. Sustainable farming methods are gaining traction in order to meet the enormous demand for agricultural products. Agriculture tires' demand is expected to be boosted by both OEM expansion and frequent aftermarket demand in the region, which is likely to be bolstered further by favorable international trade policies.

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