forecast period. The key factors that may be attributed to the growth of the market include growing population,
economic growth, increasing requirements, and increase in tractor sales.
The market could be explored based on end user as replacement and OEM. The “Replacement Tire” segment
led the market in 2016 and will continue to lead in the forecast period. The key factor that may be attributed to
the growth of market include it has the relatively high volume as compared to OEM sales.
APAC accounted for the major share of the market in 2016 and will continue to lead in the forecast period. The
factors that could be attributed to the growth include technological advancements in farming, growing
consciousness among farmers in emerging countries, rising demand, and supportive government initiatives.
Some of the key players that fuel the growth of the agriculture tire market comprise Titan Tire Corporation,
Michelin, Trelleborg AB, Balkrishna Industries Limited, Bridgestone Corporation, Prometeon Tire Group S.r.l.,
The Yokohama Rubber Co., Ltd., The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., and
Continental Aktiengesellschaft, etc. The leading companies are taking up partnerships, mergers and acquisitions,
and joint ventures in order to boost the inorganic growth of the industry.
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