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The US Farm Tire Market Report: 2016 Edition

The US Farm Tire Market Report: 2016 Edition

Agricultural/farm tires are categorized under specialty tires and are used for farm vehicles such as tractors and harvesters. The farm tire market in the US was comparatively down in 2015 due to the decline in net farm income and exports of farm equipments. Moreover, new tire technology and sustainable materials and growing demand of eco-friendly tires have resulted in further development of farm tires, larger in size and for diversified uses. However, fluctuating raw material prices are a challenge for the manufacturers and dealers in the industry's supply chain.

The total US farm tire market can be divided between replacement and original equipment segments, which can be further subdivided into radial rear, bias rear, and small farm categories of farm tires. The replacement segment accounts for the maximum share of the total US farm tire market. Apart from number of companies engaged in the manufacturing of farm tires, Firestone is the market leader in both the segments i.e. OE and RT. Other major players operating in the US farm tire industry include Goodyear, Michelin, Titan, BKT and Trelleborg.

The report offers in-depth analysis of an overview of the US farm tire market. It discusses market size, segments, key trends and challenges associated with industry. The factors affecting the industry are US farm income and export of US agriculture equipment. The competitive aspects of the market are also highlighted and major players in the US farm tire market are being profiled with their key financials and business strategies.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.


1. Tire Market- An Introduction
1.1 Types of Tires
Table 1: Types of Tires
2. Global Tire Market
2.1 Global Tire Market by Value
Table 2: Global Tire Market by Value (2004-2015E)
2.2 Global Tire Market Volume by Region
Table 3: Global Tire Market Volume by Region (2014)
2.3 Global Tire Market by Segment
2.3.1 Global Passenger Car and Light Truck Tire Market
Table 4: Global Passenger Car and Light Truck Tire Market Growth Rate (2014 vs. 2015)
Table A: Global Passenger Car and Light Truck Tire Market (2014-2015)
2.3.2 Global Truck Tire Market
Table 5: Global Truck Tire Market Growth Rate (2014 vs. 2015)
Table B: Global Truck Tire Market (2014-2015)
2.3.3 Specialty Tire Market
3. The US Tire Market
3.1 The US Tire Market by Volume
Table 6: The US Tire Shipments by Volume (2011-2015)
3.2 The US Replacement Tire Market
3.2.1 The US Replacement Tire Sales by Value
Table 7: The US Replacement Tire Sales by Value (2010-2015)
3.2.2 The US Replacement Tire Sales by Type
Table 8: The US Replacement Tire Sales by Type (2015)
3.2.3 The US Replacement Tire Shipments by Volume
Table 9: The US Replacement Tire Shipments by Volume (2011-2015)
3.2.4 The US Replacement Tire Shipments by Categories
Table 10: The US Replacement Tire Shipments by Categories
3.3 The US OE Tire Market
3.3.1 The US OE Tire Shipments by Volume
Table 11: The US OE Tire Shipments by Volume (2011-2015)
3.3.2 The US OE Tire Market by Categories
Table 12: The US OE Tire Market by Categories (2011-2015)
4. The US Farm Tire Market
4.1 The US Farm Tire Shipment by Volume
Table 13: The US Farm Tire Shipment by Volume (2010-2015)
4.2 The US Farm Tire Shipment by Segment
Table 14: The US Farm Tire Shipment by Segment (2015)
4.3 The US Replacement Farm Tire Market
4.3.1 The US Replacement Farm Tire Shipments by Volume
Table 15: The US Replacement Farm Tire Shipments by Volume (2010-2015)
4.3.2 The US Replacement Farm Tire Shipments by Category
Table 16: The US Replacement Farm Tire Shipments by Category (2010-2015)
Table 17: The US Replacement Farm Tire Shipments Share by Category (2015)
4.4 The US OE Farm Tire Market
4.4.1 The US OE Farm Tire Shipments by Volume
Table 18: The US OE Farm Tire Shipments by Volume (2010-2015)
4.4.2 The US OE Farm Tire Shipments by Category
Table 19: The US OE Farm Tire Market Shipments by Category (2010-2015)
Table 20: The US OE Farm Tire Market Shipments Share by Category (2015)
5. Market Dynamics
5.1 Factors Affecting the Industry
5.1.1 Accelerating Economic Growth
Table 21: GDP Growth in the US (2008-2014)
5.1.2 The US Farm Income
Table 22: The US Farm Income (2009-2016E)
5.1.3 The US Net Cash Income
Table 23: The US Net Cash Income (2009-2016E)
5.1.4 Rising Tractor Market in the US
Table 24: The US Tractor Market (2010-2014)
5.2 Trends and Development
5.2.1 Introduction of New Tire Sizes
5.2.2 Tire Technology and Sustainable Materials
5.2.3 Non-Motor Vehicle Markets To Grow Fastest
5.2.4 Growing Demand of Eco-Friendly Tires
5.2.5 Rising Demand of Wide-Section Tires
5.2.6 Natural Rubber and Synthetic Rubber Price Trend
Table 25: Natural and Synthetic Rubber Prices (2006-2015E)
5.2.7 The US Agriculture Equipment Export
Table 26: The US Agriculture Equipment Export (2011-2015)
5.3 Challenges
5.3.1 Impact of Imported Tires
5.3.2 Tighter Government and Environmental Regulation
5.3.3 Tariffs Placed on China’s Tire Exports
5.3.4 Seasonal in Nature
6. Competitive Landscape
6.1 Global Tire Market
Table C: World Leaders in New Tires Sales (2014 vs. 2015)
6.2 The US Tire Market
Table D: The US/Canadian Leaders in New Tire Sales (2014 vs. 2015)
6.2.1 The US Replacement Passenger Tires Brand Shares
Table 27: The US Replacement Passenger Tires Brand Shares (2015)
6.2.2 The US Replacement Light Truck Tires Brand Shares
Table 28: The US Replacement Light Truck Tires Brand Shares (2015)
6.2.3 The US Replacement Medium/Heavy Truck Tires Brand Shares
Table 29: The US Replacement Medium/Heavy Truck Tires Brand Shares (2015)
6.2.4 The US/Canadian OE Consumer Tire Brand Share
Table 30: The US/Canadian OE Consumer Tire Brand Share (2014 vs. 2015)
6.3 The US Farm Tire Market
6.3.1 The US Radial Rear OE Farm Tire Brand Share
Table 31: The US Radial Rear OE Farm Tire Brand Share (2015)
6.3.2 The US Bias Rear OE Farm Tire Brand Share
Table 32: The US Bias Rear OE Farm Tire Brand Share (2015)
6.3.3 The US Small Farm OE Tire Brand Share
Table 33: The US Small Farm OE Tire Brand Share (2015)
6.3.4 The US Radial Rear Replacement Farm Tire Brand Share
Table 34: The US Radial Rear Replacement Farm Tire Brand Share (2015)
6.3.5 The US Bias Rear Replacement Farm Tire Brand Share
Table 35: The US Bias Rear Replacement Farm Tire Brand Share (2015)
6.3.6 The US Small Farm Replacement Tire Brand Share
Table 36: The US Small Farm Replacement Tire Brand Share (2015)
7. Company Profiles
7.1 Bridgestone Corporation
7.1.1 Business Overview
Table 37: Bridgestone's Revenue Share by Business Segment (2015)
7.1.2 Financial Overview
Table 38: Bridgestone’s Tire Segment Net Sales (2010-2014)
7.1.3 Business Strategies
7.2 Michelin
7.2.1 Business Overview
Table 39: Michelin's Net Sales Share by Business Segment (2015)
Table 40: Michelin's Net Sales Share by Region (2015)
7.2.2 Financial Overview
Table 41: Michelin's Net Sales and Net Income (2011-2015)
7.2.3 Business Strategies
7.3 Cooper Tire & Rubber Co.
7.3.1 Business Overview
Table 42: Cooper’s Net Sales by Business Segment (2015)
7.3.2 Financial Overview
Table 43: Cooper’s Net Sales and Net Income (2011-2015)
7.3.3 Business Strategies
7.4 Titan International, Inc.
7.4.1 Business Overview
Table 44: Titan's Net Sales Share by Business Segment (2014)
7.4.2 Financial Overview
Table 45: Titan’s Net Sales and Net Income (2010-2014)
7.4.3 Business Strategies
8. Market Outlook
8.1 Market Forecast
Table 46: The US Farm Tire Shipments Forecast (2015-2019E)
8.2 Forecast Methodology
Table E: Dependent & Independent Variables (2011-2015)
8.2.1 Dependent and Independent Variables
8.2.2 Correlation Analysis
Table F: Correlation Matrix
8.2.3 Regression Analysis
Table G: Models Summary – Coefficient of Determination
Table H: Regression Coefficients Output

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