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| Market size in 2024 | US$ 935.6 million |
Forecast Market size by 2030 | US$ 1.25 billion |
|---|---|---|---|
| Growth Rate | CAGR of 4.9% | Number of Pages | 137 Pages |
The global Agriculture Trailer Tyres market size was valued at US$ 935.6 million in 2024 and is projected to reach US$ 1.25 billion by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
The United States Agriculture Trailer Tyres market size was valued at US$ 215.4 million in 2024 and is projected to reach US$ 275.8 million by 2030, at a CAGR of 4.2% during the forecast period 2024-2030.
Agriculture Trailer Tyres are specialized tires designed for use on agricultural trailers and implements, offering high load-carrying capacity, durability, and traction in various field conditions while minimizing soil compaction during transport and harvesting operations.
The global Agriculture Trailer Tyres market is experiencing steady growth, driven by increasing farm mechanization, growing average farm sizes, and the trend towards higher capacity trailers in agricultural operations. In 2023, global production of agriculture trailer tyres reached approximately 8.5 million units, with Europe and North America accounting for 55% of demand.
General-purpose agricultural trailers remain the largest segment, representing 60% of demand, followed by specialized crop transport trailers at 25% and livestock trailers at 15%. The market saw a boost from the increasing adoption of high-capacity grain trailers, leading to a 10% increase in demand for high-load index tires in 2023.
Technological advancements have focused on improving durability, reducing rolling resistance, and enhancing flotation, with new tire designs offering up to 20% longer service life and 15% better fuel efficiency compared to 2020 models. The market is witnessing growth in radial tires for agricultural trailers, increasing at 7% annually, driven by their superior performance in terms of load capacity and road stability.
In 2023, stricter regulations on road safety for agricultural vehicles led to a 15% increase in the adoption of tires with higher speed ratings for trailers used in both field and road transport.
The industry faces challenges from the cyclical nature of agricultural equipment purchases and the long replacement cycles of trailer tires, but the trend towards larger, more efficient farming operations continues to drive demand for high-quality, durable tires. Emerging applications in smart, connected trailers are showing promise, with tires equipped with sensors for load and pressure monitoring growing at 18% CAGR, albeit from a small base of 1.5% market share. Looking ahead, the market is expected to benefit from innovations in eco-friendly tire materials, with agricultural trailer tires incorporating recycled and renewable materials projected to grow at 12% CAGR through 2030.
Report Overview
This report provides a deep insight into the global Agriculture Trailer Tyres market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Agriculture Trailer Tyres Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Agriculture Trailer Tyres market in any manner.
Global Agriculture Trailer Tyres Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Agriculture Trailer Tyres Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 935.6 million |
| Forecast Market size by 2030 | US$ 1.25 billion |
| Growth Rate | CAGR of 4.9% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 137 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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