Market Share of Asia-Pacific Agricultural Tires Industry
The Asia-Pacific Agricultural Tires Market is dominated by several key players, such as Continental AG, Bridgestone Corporation, Balkrishna Industries Limited, Trelleborg AB, and others. Major key players are expanding their manufacturing facilities across the region, which is likely to witness major growth for the market during the forecast period. For instance,
In August 2022, The Yokohama Rubber Co., Ltd. started the production of tires at its Visakhapatnam Plant in India. The new plant is engaged in the manufacturing and sale of off-highway tires (OHT), such as those used on agricultural and other equipment.
In March 2022, The Yokohama Rubber Co., Ltd. entered into a share purchase agreement with Trelleborg AB to acquire all shares of Trelleborg Wheel Systems Holding AB.
In April 2021, Michelin launched its Agribib Row Crop IF (improved flexion) agriculture tires, specially crafted for self-propelled and trailed sprayers, which allow higher load capacity, improved traction, and reduced soil contraction.
Asia-Pacific Agricultural Tires Market Leaders
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Continental AG
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Balkrishna Industries Limited
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Continental AG
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Michelin
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Trelleborg AB
*Disclaimer: Major Players sorted in no particular order
