US Farm Tire Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

US Farm Tire Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global tire market is estimated to reach US$271 billion in 2024, growing at a CAGR of 2.45% for the period spanning from 2020 to 2024. The factors such as diminishing rural workforce and escalating population are expected to drive the market. However, growth of the industry will be challenged by declining net farm incomes, high volatility and tighter government and environmental regulation. A few notable trends include rising demand of wide-section tires, growing demand of eco-friendly tires and favorable government policies.

The US farm tire market is segmented into original and replacement tire. Replacement tires held the larger share in the US tire market attributable to increasing consumer preference for acceleration, grip and rise comfort, which is accelerating its demand in the market.

The market is expected to rise rapidly in the coming years owing to the rising population and rapid urbanization. Rising transport volume and increasing popularity of high performance tires would contribute to the growth of replacement tire market in the U.S. Long distance travel and growing demand for new vehicles supported the higher sales growth of original equipment tire market.

Scope of the report:

  • The report provides a comprehensive analysis of the US farm tire market, segmented into original and replacement tire.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Michelin SCA, Goodyear Tire & Rubber Company, Yokohama Rubber Co., Ltd, Titan International, Inc, Bridgestone Corporation and Continental AG)are also presented in detail.
Key Target Audience:
  • Farm Tire Manufacturers
  • End Users
  • Raw Material Providers
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Introduction
1.1 Tires
1.2 Types of Tires
Table 1: Different Types of Tires
1.3 Tires by Application
Table 2: Types of Tires by Their Applications
1.4 Farm Tires & Classification
Table 3: Types of Farm Tires
2. Impact of COVID-19
2.1 Decline in Global GDP Growth
Table 4: The U.S. GDP Growth Rate (2014-2021)
2.2 Rising Unemployment
Table 5: The U.S. Unemployment Rate (August 2019-March 2020)
2.3 Decline in Passenger Car and Light Truck Tire Demand
Table 6: Global Passenger Car and Light Truck Tire Demand Growth (March 2020)
2.4 Decline in Truck & Bus Tire Demand
Table 7: Global Truck and Bus Tire Demand Growth (March 2020)
3. Global Tire Market
3.1 Global Tire Market by Value
Table 8: Global Tire Market by Value (2015-2019)
3.2 Global Tire Market Forecast by Value
Table 9: Global Tire Market Forecast by Value (2020-2024)
3.3 Global Tire Market Volume by Region
Table 10: Global Tire Market Volume by Region (2019)
3.4 Global Tire Market Volume by Segments
3.4.1 Global Passenger Car & Light Truck Tire Market by Volume
Table 11: Global Passenger Car & Light Truck Tire Market by Volume (2015-2019)
3.4.2 Global Passenger Car & Light Truck Tire Market Forecast by Volume
Table 12: Global Passenger Car & Light Truck Tire Market Forecast by Volume (2020-2024)
3.4.3 Global Truck Tire Market by Volume
Table 13: Global Truck Tire Market by Volume (2015-2019)
3.4.4 Global Truck Tire Market Forecast by Volume
Table 14: Global Truck Tire Market Forecast by Volume (2020-2024)
4. The US Tire Market
4.1 The US Tire Shipment by Volume
Table 15: The US Tire Shipment by Volume (2015-2019)
4.2 The US Tire Shipment Forecast by Volume
Table 16: The US Tire Shipment Forecast by Volume (2020-2024)
4.3 The US Tire Shipment Volume by Segment
Table 17: The US Tire Shipment Volume by Segment (2019)
4.4 The US Replacement Tire Market
4.4.1 The US Replacement Tire Market by Value
Table 18: The US Replacement Tire Market by Value (2015-2019)
4.4.2 The US Replacement Tire Market Forecast by Value
Table 19: The US Replacement Tire Market Forecast by Value (2020-2024)
4.4.3 The US Replacement Tire Market Value by Application
Table 20: The US Replacement Tire Market Value by Type (2019)
4.4.4 The US Replacement Tire Market by Shipment Volume
Table 21: The US Replacement Tire Shipment by Volume (2015-2019)
4.4.5 The US Replacement Tire Market Forecast by Shipment Volume
Table 22: The US Replacement Tire Shipment Forecast by Volume (2020-2024)
4.4.6 The US Replacement Tire Market Shipment Volume by Application
Table 23: The US Replacement Tire Market Shipment Volume by Application (2019)
4.5 The US OE Tire Market
4.5.1 The US OE Tire Market by Shipment Volume
Table 24: The US OE Tire Market by Shipment Volume (2015-2019)
4.5.2 The US OE Tire Market Forecast by Shipment Volume
Table 25: The US OE Tire Market Forecast by Shipment Volume (2020-2024)
4.5.3 The US OE Tire Market Shipment Volume by Application
Table 26: The US OE Tire Market Shipment Volume by Application (2019)
5. The US Farm Tire Market
5.1 The US Farm Tire Market by Volume
Table 27: The US Farm Tire Market by Shipment Volume (2015-2019)
5.2 The US Farm Tire Market Forecast by Volume
Table 28: The US Farm Tire Market Forecast by Shipment Volume (2020-2024)
5.3 The US Farm Tire Market Volume by Segment
Table 29: The US Farm Tire Market Shipment Volume by Segment (2019)
5.4 The US Replacement Farm Tire Market
5.4.1 The US Replacement Farm Tire Market by Shipment Volume
Table 30: The US Replacement Farm Tire Market by Shipment Volume (2015-2019)
5.4.2 The US Replacement Farm Tire Market Forecast by Shipment Volume
Table 31: The US Replacement Farm Tire Market Forecast by Shipment Volume (2020-2024)
5.5 The US OE Farm Tire Market
5.5.1 The US OE Farm Tire Market by Shipment Volume
Table 32: The US OE Farm Tire Market by Shipment Volume (2015-2019)
5.5.2 The US OE Farm Tire Market Forecast by Shipment Volume
Table 33: The US OE Farm Tire Market Forecast by Shipment Volume (2020-2024)
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Diminishing Rural Workforce
Table 34: The U.S. Rural Population (2015-2019)
6.1.2 Escalating Population
Table 35: The U.S. Population (2015-2019)
6.2 Key Trends & Developments
6.2.1 Rising Demand of Wide-Section Tires
6.2.2 Growing Demand of Eco-Friendly Tires
6.2.3 Favorable Government Policies
6.3 Challenges
6.3.1 Declining Net Farm Incomes
Table 36: The US Net Farm Incomes (2015-2019)
6.3.2 High Volatility
6.3.3 Tighter Government and Environmental Regulation
7. Competitive Landscape
7.1 Global New Tire Market Share by Company
Table 37: Global New Tire Market Share by Company (2019)
7.2 The US Tire Market
7.2.1 The US/Canada New Tire Market Share by Company
Table 38: The US/Canada New Tire Market Share by Company (2019)
7.2.2 The US Replacement Passenger Tire Market Volume by Company
Table 39: The US Replacement Passenger Tire Market Volume by Company (2019)
7.2.3 The US Replacement Light Truck Tire Market Volume by Company
Table 40: The US Replacement Light Truck Tire Market Volume by Company (2019)
7.2.4 The US Retreaded Truck Tire Market Volume by Company
Table 41: The US Retreaded Truck Tire Market Volume by Company (2019)
7.3 The US Farm Tire Market
7.3.1 The US OE Radial Rear Farm Tire Market Volume by Company
Table 42: The US OE Radial Rear Farm Tire Market Volume by Company (2019)
7.3.2 The US OE Bias Rear Farm Tire Market Volume by Company
Table 43: The US OE Bias Rear Farm Tire Market Volume by Company (2019)
7.3.3 The US OE Small Farm Tire Market Volume by Company
Table 44: The US OE Small Farm Tire Market Volume by Company (2019)
7.3.4 The US Replacement Radial Rear Farm Tire Market Volume by Company
Table 45: The US Replacement Radial Rear Farm Tire Market Volume by Company (2019)
7.3.5 The US Replacement Bias Rear Farm Tire Market Volume by Company
Table 46: The US Replacement Bias Rear Farm Tire Market Volume by Company (2019)
7.3.6 The US Replacement Small Farm Tire Market Volume by Company
Table 47: The US Replacement Small Farm Tire Market Volume by Company (2019)
8. Company Profiles
8.1 Compagnie Générale des Établissements Michelin SCA
8.1.1 Business Overview
8.1.2 Financial Overview
Table 48: Michelin SCA Net Sales by Segments (2019)
Table 49: Michelin SCA Net Sales by Region (2019)
Table 50: Michelin SCA Net Sales and Net Income (2015-2019)
8.1.3 Business Strategies
8.2 Goodyear Tire & Rubber Company
8.2.1 Business Overview
8.2.2 Financial Overview
Table 51: Goodyear Net Sales by Segments (2019)
Table 52: Goodyear Net Sales and Net Income (2015-2019)
8.2.3 Business Strategies
8.3 Yokohama Rubber Co., Ltd.
8.3.1 Business Overview
8.3.2 Financial Overview
Table 53: Yokohama Net Sales by Segments (2019)
Table 54: Yokohama Net Sales by Geographical Segment (2019)
Table 55: Yokohama Net Sales and Net Income (2015-2019)
8.3.3 Business Strategies
8.4 Titan International, Inc.
8.4.1 Business Overview
8.4.2 Financial Overview
Table 56: Titan International, Inc. Net Sales by Segments (2019)
Table 57: Titan International, Inc. Net Sales and Net Income (2015-2019)
8.4.3 Business Strategies
8.5 Bridgestone Corporation
8.5.1 Business Overview
8.5.2 Financial Overview
Table 58: Bridgestone Corporation Net Sales by Segments (2019)
Table 59: Bridgestone Corporation Net Sales by Region (2019)
Table 60: Bridgestone Corporation Net Sales and Profit (2015-2019)
8.5.3 Business Strategies
8.6 Continental AG
8.6.1 Business Overview
8.6.2 Financial Overview
Table 61: Continental AG Net Sales by Segments (2019)
Table 62: Continental AG Net Sales by Region (2019)
Table 63: Continental AG Net Sales (2015-2019)
8.6.3 Business Strategies

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