Agriculture Tires Market Size to Reach USD 11.6 Billion in 2027, Says Stratview Research

The agriculture tires market is likely to rise at a CAGR of 6.2% during 2022-2027, to reach US$ 11.6 billion in 2027, states Stratview Research.

DETROIT, March 28, 2023 /PRNewswire/ --Stratview Research, a global market research firm has launched a report on the agriculture tires market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

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Report Highlights

Market Size in 2027	USD 11.6 billion
Growth (CAGR)	6.2% during 2022-2027
Forecast Period	2022-2027
Trend Period	2017-2020
Base Year	2021
Number of Segments Covered	4
Number of Tables & Graphs	80+
Country Level Market Assessment	20

 

Segment Insights on Agriculture Tires Market

The global agriculture tires market is segmented based on application type, tire type, end-user type,  and, region.

Based on application type - The market is segmented as tractors, harvesters, and others. 

The tractor is expected to remain the most dominant as well as the fastest-growing application type for the market and it held a revenue share of more than 75% in 2021. 

Based on 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 they held a revenue share of more than 75% in 2021.