GLOBAL FARM TRACTOR TIRES MARKET
- World demand for tires is projected to rise 4.1 percent per year to 3.0 billion units in 2019. In terms of value, tire sales are estimated to advance 7.0 percent per annum to $258 billion in 2020.
- About 34% of European farmers are eager for quality tires that will adapt to the weather and the condition of the tires in different terrains.
- Currently, manufacturers are facing capacity constraints and dwindling rubber supplies in some countries due to strong Chinese market demand are causing tire shortages, particularly in South America.
- The Michelin Group is committed to making its tires 100% sustainable by 2050. The company initially announced in 2018 that by 2048 all of its tires will be manufactured using 80% sustainable materials and 100% of its tires will be recycled.
Modern agriculture requires the use of larger machinery and equipment. The trend towards total mechanization of farm operations makes the cost of machinery and equipment a major portion of the total farm expenses.
Recent developments in the design of agricultural tractors and off-road vehicles in general, and the increasing concerns about energy savings, soil conservation and safety have underlined the need for extending the general knowledge and understanding of agricultural tire behaviour.
FARM TRACTOR TIRES MARKET DYNAMICS
Autonomous and electric tractors will bring about the need to re-evaluate tire designs. In some cases, greater emphasis will be placed on durability over tire handling and performance.
Smart tire solutions with advanced sensing and reporting functions will also be needed as well. New tire designs will likely be an evolution existing technology which build on the benefits of proven solutions.
With recent developments, damage/puncture sensing with auto repairing tires and sensor-equipped tires in the field to measure and map compaction layers for tillage are in trend.
When a tractor driving over a field of varying soil types and moisture conditions. To reduce slippage, tires will automatically sense slippage and adjust the inflation and tread for optimum traction in real-time to boost productivity.
Currently, there are very few next-generation smart applications in industrial tires, but this is expected to change rapidly in the next 5 years.
FARM TRACTOR TIRES MARKET SIZE AND FORECAST
The global tractor tire market is estimated at $XX Billion in 2020 and growing at XX% CAGR till 2025.
The Goodyear agricultural tire features large circumferential grooves with lateral blading, thus enhancing performance in wet operating conditions. Higher TKPH/TMPH (ton-kilometre-per-hour/ton-miles-per-hour) rating* will help support higher average operating speed and long-distance travel.
John Deere’s three largest 8R-Series tractors come with Goodyear Super Single Low Sidewall (LSW) Technology tires for the model year 2021 when equipped with Independent Link Suspension.
Kubota Introduces L60LE Series Deluxe Compact Tractors. To customize the tractor, Kubota offers a wide variety of tire tread types and sizes. For example, agricultural tires are available for heavy-duty fieldwork requiring maximum traction; turf tires are designed for mowing with minimal ground disruption; and industrial tires are designed for loader work requiring a more everyday-use style tread.
Continental’s very high-flexion (VF) tires feature a unique hybrid tread design which can be used for lower pressure in the field and at a higher pressure for highway transport while carrying the same load. The company says when the tire is fitted to tractors with onboard air compressors, the pressure of the tire can be monitored and adjusted by the operator without having to leave the cab.
CEAT Specialty Tires, Yieldmax Agricultural Radial Tire is designed for the combined harvester market. Its main purpose is to support massive machinery and provide a higher load capacity. Yieldmax is engineered and designed to ensure minimum impact on soil.
- John Deere
- Mahindra Tractors
- New Holland Agriculture
- Massey Ferguson
- Deutz Fahr
- Case IH
- Bridgestone Corp.
- Michelin SCA
- Goodyear Tire & Rubber Co.
- Continental AG
- Nokian Tyres
- Balkrishna Industries Ltd
- Yokohama Rubber Co.
- Titan Tire Corp.
- Alliance Tire Co.
- MRF Ltd
- Apollo Tyres Ltd
- Magna Tyres