Description
The global tire market is estimated to reach US$271 billion in 2024, growing at a CAGR of 2.45% for the period spanning from 2020 to 2024. The factors such as diminishing rural workforce and escalating population are expected to drive the market. However, growth of the industry will be challenged by declining net farm incomes, high volatility and tighter government and environmental regulation. A few notable trends include rising demand of wide-section tires, growing demand of eco-friendly tires and favorable government policies.
The US farm tire market is segmented into original and replacement tire. Replacement tires held the larger share in the US tire market attributable to increasing consumer preference for acceleration, grip and rise comfort, which is accelerating its demand in the market.
The market is expected to rise rapidly in the coming years owing to the rising population and rapid urbanization. Rising transport volume and increasing popularity of high performance tires would contribute to the growth of replacement tire market in the U.S. Long distance travel and growing demand for new vehicles supported the higher sales growth of original equipment tire market.
Scope of the report:
• The report provides a comprehensive analysis of the US farm tire market, segmented into original and replacement tire.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Michelin SCA, Goodyear Tire & Rubber Company, Yokohama Rubber Co., Ltd, Titan International, Inc, Bridgestone Corporation and Continental AG)are also presented in detail.
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Key Target Audience:
• Farm Tire Manufacturers
• End Users
• Raw Material Providers
• Consulting Firms
• Investment Banks
• Government Bodies & Regulating Authorities
Table of Content
1. Introduction
1.1 Tires
1.2 Types of Tires
1.3 Tires by Application
1.4 Farm Tires & Classification
2. Impact of COVID-19
2.1 Decline in Global GDP Growth
2.2 Rising Unemployment
2.3 Decline in Passenger Car and Light Truck Tire Demand
2.4 Decline in Truck & Bus Tire Demand
3. Global Tire Market
3.1 Global Tire Market by Value
3.2 Global Tire Market Forecast by Value
3.3 Global Tire Market Volume by Region
3.4 Global Tire Market Volume by Segments
3.4.1 Global Passenger Car & Light Truck Tire Market by Volume
3.4.2 Global Passenger Car & Light Truck Tire Market Forecast by Volume
3.4.3 Global Truck Tire Market by Volume
3.4.4 Global Truck Tire Market Forecast by Volume
4. The US Tire Market
4.1 The US Tire Shipment by Volume
4.2 The US Tire Shipment Forecast by Volume
4.3 The US Tire Shipment Volume by Segment
4.4 The US Replacement Tire Market
4.4.1 The US Replacement Tire Market by Value
4.4.2 The US Replacement Tire Market Forecast by Value
4.4.3 The US Replacement Tire Market Value by Application
4.4.4 The US Replacement Tire Market by Shipment Volume
4.4.5 The US Replacement Tire Market Forecast by Shipment Volume
4.4.6 The US Replacement Tire Market Shipment Volume by Application
4.5 The US OE Tire Market
4.5.1 The US OE Tire Market by Shipment Volume
4.5.2 The US OE Tire Market Forecast by Shipment Volume
4.5.3 The US OE Tire Market Shipment Volume by Application
5. The US Farm Tire Market
5.1 The US Farm Tire Market by Volume
5.2 The US Farm Tire Market Forecast by Volume
5.3 The US Farm Tire Market Volume by Segment
5.4 The US Replacement Farm Tire Market
5.4.1 The US Replacement Farm Tire Market by Shipment Volume
5.4.2 The US Replacement Farm Tire Market Forecast by Shipment Volume
5.5 The US OE Farm Tire Market
5.5.1 The US OE Farm Tire Market by Shipment Volume
5.5.2 The US OE Farm Tire Market Forecast by Shipment Volume
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6. Market Dynamics
6.1 Growth Drivers
6.1.1 Diminishing Rural Workforce
6.1.2 Escalating Population
6.2 Key Trends & Developments
6.2.1 Rising Demand of Wide-Section Tires
6.2.2 Growing Demand of Eco-Friendly Tires
6.2.3 Favorable Government Policies
6.3 Challenges
6.3.1 Declining Net Farm Incomes
6.3.2 High Volatility
6.3.3 Tighter Government and Environmental Regulation
7. Competitive Landscape
7.1 Global New Tire Market Share by Company
7.2 The US Tire Market
7.2.1 The US/Canada New Tire Market Share by Company
7.2.2 The US Replacement Passenger Tire Market Volume by Company
7.2.3 The US Replacement Light Truck Tire Market Volume by Company
7.2.4 The US Retreaded Truck Tire Market Volume by Company
7.3 The US Farm Tire Market
7.3.1 The US OE Radial Rear Farm Tire Market Volume by Company
7.3.2 The US OE Bias Rear Farm Tire Market Volume by Company
7.3.3 The US OE Small Farm Tire Market Volume by Company
7.3.4 The US Replacement Radial Rear Farm Tire Market Volume by Company
7.3.5 The US Replacement Bias Rear Farm Tire Market Volume by Company
7.3.6 The US Replacement Small Farm Tire Market Volume by Company
8. Company Profiles
8.1 Compagnie Générale des Établissements Michelin SCA
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 Goodyear Tire & Rubber Company
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 Yokohama Rubber Co., Ltd.
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategies
8.4 Titan International, Inc.
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategies
8.5 Bridgestone Corporation
8.5.1 Business Overview
8.5.2 Financial Overview
8.5.3 Business Strategies
8.6 Continental AG
8.6.1 Business Overview
8.6.2 Financial Overview
8.6.3 Business Strategies
List of Figures
Different Types of Tires
Types of Tires by Their Applications
Types of Farm Tires
The U.S. GDP Growth Rate (2014-2021)
The U.S. Unemployment Rate (August 2019-March 2020)
Global Passenger Car and Light Truck Tire Demand Growth (March 2020)
Global Truck and Bus Tire Demand Growth (March 2020)
Global Tire Market by Value (2015-2019)
Global Tire Market Forecast by Value (2020-2024)
Global Tire Market Volume by Region (2019)
Global Passenger Car & Light Truck Tire Market by Volume (2015-2019)
Global Passenger Car & Light Truck Tire Market Forecast by Volume (2020-2024)
Global Truck Tire Market by Volume (2015-2019)
Global Truck Tire Market Forecast by Volume (2020-2024)
Continued…
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NOTE : Our final report have added the analysis of the impact of COVID-19 on this industry, Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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