Global Agricultural Tires Market Statistics: USD 12.6 Billion Value by 2033

Agricultural Tires Industry

Summary:

• The global agricultural tires market size reached USD 8.4 Billion in 2024.
• The market is expected to reach USD 12.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033.
• North America leads the market, accounting for the largest agricultural tires market share.
• Bias tires hold the majority of the market share in the product segment due to their suitability, and resistance to punctures and damage in rough terrains.
• Tractors exhibit a clear dominance in the agricultural tires industry.
• Aftermarket remains a dominant segment in the market, as it gives flexibility to farmers in choosing tires based on specific needs and budgets.
• The growing agricultural mechanization is a primary driver of the agricultural tires market.
• Technological advancements in tire manufacturing are reshaping the agricultural tires market.

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Industry Trends and Drivers:

• Growing agricultural mechanization:

As farmers are adopting more advanced machinery, such as tractors, harvesters, sprayers, and other equipment, to improve productivity and efficiency, there is a rise in the demand for agricultural tires. Each piece of machinery requires specialized tires that can handle various field conditions, resulting in higher overall tire consumption. The trend towards large-scale and mechanized farming is driving the demand for more robust and larger equipment, which, in turn, requires high-quality tires designed for heavy loads and extended use. This shift from manual or animal-based farming to machinery is catalyzing the demand for both original equipment (OE) tires and replacement tires.

• Technological advancements in tire manufacturing:

Increased flexion (IF) and very high flexion (VF) technologies are revolutionizing the agricultural tire market. These tires can carry heavier loads at lower inflation pressures compared to standard radial tires, reducing soil compaction and enhancing field productivity. Farmers are adopting IF and VF tires owing to their ability to protect soil health while supporting higher yields. Advancements in tread design and rubber compounds are leading to tires that offer better traction and reduced rolling resistance. Enhanced traction ensures that farming machinery operates efficiently across different terrains, while lower rolling resistance helps in fuel savings, making operations more cost-effective. These benefits attract farmers looking to optimize both performance and expenses.

• Governmental support and subsidies:

Governing agencies of several countries are introducing programs to help farmers purchase agricultural machinery, such as tractors, harvesters, and sprayers. By reducing the financial burden on farmers through grants, low-interest loans, or tax incentives, these programs enable more farmers to mechanize their operations. This increasing machinery adoption is leading to a higher demand for agricultural tires. Governing agencies are also encouraging the adoption of modern and efficient farming practices to boost productivity and food security. Programs aimed at subsidizing advanced farming equipment ensure that more farmers can upgrade to new, more efficient machinery, which requires high-performance tires. This is driving the market for agricultural tires tailored as per these modern machines.

Our report provides a deep dive into the agricultural tires market analysis, outlining the current trends, underlying market demand, and growth trajectories.

Agricultural Tires Market Report Segmentation:

Breakup By Product:

• Bias Tires
• Radial Tires

Bias tires hold the biggest market share due to their superior flexibility and ability to provide better traction on uneven terrains, making them ideal for various farming applications.

Breakup By Application:

• Tractors
• Harvesters
• Forestry
• Irrigation
• Trailers
• Others

Tractors account for the majority of the market share owing to the high demand for specialized tires that enhance their performance and efficiency in fieldwork.

Breakup By Distribution:

• OEM
• Aftermarket

Aftermarket represents the largest segment driven by the need for replacement tires as agricultural equipment undergoes wear and tear from regular use in demanding environments.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America's dominance in the agricultural tires market is attributed to its advanced agricultural practices, high levels of mechanization, and strong demand for specialized equipment to meet the needs of diverse farming operations.

Top Agricultural Tires Market Leaders:

The agricultural tires market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Apollo Tyres Limited
• Balkrishna Industries Limited (BKT)
• Bridgestone Corporation
• CEAT Ltd. (RPG Group)
• Continental AG
• JK Tyre & Industries Ltd.
• MRF Limited
• Specialty Tires of America Inc.
• Sumitomo Rubber Industries Ltd.
• TBC Corporation (Michelin)
• The Carlstar Group LLC
• Titan International Inc.
• Trelleborg AB
• Yokohama Off-Highway Tires America Inc. (Yokohama Rubber Company)

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