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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1878246

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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1878246

Global Agricultural Tires Market - Forecasts from 2025 to 2030

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Global Agricultural Tires Market, at a 4.76% CAGR, is projected to increase from USD 8.764 billion in 2025 to USD 11.058 billion in 2030.

Agricultural tires, also known as farm tires, are specialized components engineered for use on machinery such as tractors and agricultural trucks. Their design is fundamentally focused on mitigating soil compaction, a critical factor in preserving soil health for crop growth. This is achieved through a high-flotation tread design that enhances traction on soft and loose field surfaces without impairing the soil's structural integrity. These tires must perform reliably on uneven, soft terrain while avoiding damage to both crops and the soil itself. Consequently, the core requirements for agricultural tires are to increase operational efficiency and productivity while providing superior grip across diverse surfaces, including hard-packed ground and damp soil. The selection of the correct tire, whether for the front or rear of a machine, is therefore a crucial operational decision for farmers.

The market for agricultural tires is expected to increase throughout the forecast period, driven by rising demand for farm tires in agricultural vehicles and the overall expansion and modernization of the agricultural sector. A primary element promoting market expansion is the increased adoption of modern technology by farmers aiming to boost productivity and satisfy growing global food demand. This trend is exemplified by a significant rise in tractor sales in recent years, a direct beneficiary of the push for technological advancement in farming, which in turn fuels demand for replacement and original equipment tires. However, the global agriculture tires market faces constraints from the volatile prices of raw materials, which challenge manufacturers' ability to maintain profit margins. Tire retailers struggle with price maintenance as cost-conscious consumers seek less expensive alternatives, placing pressure on the entire value chain to balance the production of high-quality tires with competitive pricing.

Primary Market Growth Drivers

The expansion of the agricultural tires market is propelled by a central, powerful trend:

  • Growing Demand for Agricultural Tractors and Mechanization: One of the primary factors driving the growth of the global market is the escalating demand for agricultural tractors. This demand is being fueled by several structural shifts in the agricultural labor force, including significant rural-to-urban migration, rising labor costs, and a widespread shortage of trained and available labor in many emerging nations. The increasing cost and scarcity of farm labor is a fundamental cause of the accelerating mechanization of the farming business. In response, farmers are investing more capital in farm machinery to maintain optimal operation with fewer workers. While the initial investment in equipment like tractors is substantial, it contributes to increased crop quality, yield, and long-term operational efficiency. To offset rising labor expenses, many farming operations are also rationalizing their land management, sometimes leasing out portions of their farms. As farms become less labor-dependent and more reliant on machinery, tractor sales are predicted to expand strongly in the upcoming years. This growth directly boosts demand for agriculture tires throughout the projection period, as every new tractor requires a set of tires and the existing fleet generates a continuous need for replacements.

Geographical Market Outlook

The North American region is anticipated to hold a significant share of the global agriculture tires market during the forecast period. This outlook is supported by the consistent expansion and robust outlook of the US agricultural industry, which is a major exporter of agricultural products. The promising long-term prospects of the farm sector are expected to drive tire sales. This positive forecast has inspired tire manufacturers to increase their manufacturing capacity and introduce new tire variations to serve a broader market segment. Major international tire companies have been motivated to establish or expand production facilities within the United States, reflecting confidence in the sustained demand from the North American market. The United States, alongside Canada and Mexico, represents the prime markets within the region and is anticipated to exhibit a robust growth rate compared to other global areas, underpinned by a strong agricultural base and continued investment in farm mechanization.

In conclusion, the agricultural tires market is intrinsically linked to the global trend of agricultural mechanization. The specialized nature of these tires, designed to protect soil health while providing traction and flotation, makes them a critical component of efficient modern farming. The market's growth is directly fueled by the rising adoption of tractors and other machinery, a trend driven by structural labor shortages and the need for enhanced productivity. While raw material cost volatility presents a challenge, the fundamental drivers of farm mechanization and the strong agricultural economy in key regions like North America position the market for continued expansion.

Key Benefits of this Report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data from 2022 to 2024 & forecast data from 2025 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.

Segmentation:

  • AGRICULTURAL TIRES MARKET BY TYPE
  • Bias Tires
  • Radial Tires
  • AGRICULTURAL TIRES MARKET BY SALES CHANNEL
  • OEM (Original Equipment Manufacturers)
  • Aftermarket
  • AGRICULTURAL TIRES MARKET BY APPLICATION
  • Tractors
  • Harvesters
  • Sprayers
  • Loaders
  • Others
  • AGRICULTURAL TIRES MARKET BY GEOGRAPHY
  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Taiwan
  • Others
Product Code: KSI061614586

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. MARKET SNAPSHOT

  • 2.1. Market Overview
  • 2.2. Market Definition
  • 2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE

  • 3.1. Market Drivers
  • 3.2. Market Restraints
  • 3.3. Market Opportunities
  • 3.4. Porter's Five Forces Analysis
  • 3.5. Industry Value Chain Analysis
  • 3.6. Policies and Regulations
  • 3.7. Strategic Recommendations

4. TECHNOLOGICAL OUTLOOK

5. AGRICULTURAL TIRES MARKET BY TYPE

  • 5.1. Introduction
  • 5.2. Bias Tires
  • 5.3. Radial Tires

6. AGRICULTURAL TIRES MARKET BY SALES CHANNEL

  • 6.1. Introduction
  • 6.2. OEM (Original Equipment Manufacturers)
  • 6.3. Aftermarket

7. AGRICULTURAL TIRES MARKET BY APPLICATION

  • 7.1. Introduction
  • 7.2. Tractors
  • 7.3. Harvesters
  • 7.4. Sprayers
  • 7.5. Loaders
  • 7.6. Others

8. AGRICULTURAL TIRES MARKET BY GEOGRAPHY

  • 8.1. Introduction
  • 8.2. North America
    • 8.2.1. USA
    • 8.2.2. Canada
    • 8.2.3. Mexico
  • 8.3. South America
    • 8.3.1. Brazil
    • 8.3.2. Argentina
    • 8.3.3. Others
  • 8.4. Europe
    • 8.4.1. Germany
    • 8.4.2. France
    • 8.4.3. United Kingdom
    • 8.4.4. Spain
    • 8.4.5. Italy
    • 8.4.6. Others
  • 8.5. Middle East and Africa
    • 8.5.1. Saudi Arabia
    • 8.5.2. UAE
    • 8.5.3. Israel
    • 8.5.4. Others
  • 8.6. Asia Pacific
    • 8.6.1. China
    • 8.6.2. India
    • 8.6.3. Japan
    • 8.6.4. South Korea
    • 8.6.5. Indonesia
    • 8.6.6. Thailand
    • 8.6.7. Taiwan
    • 8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

  • 9.1. Major Players and Strategy Analysis
  • 9.2. Market Share Analysis
  • 9.3. Mergers, Acquisitions, Agreements, and Collaborations
  • 9.4. Competitive Dashboard

10. COMPANY PROFILES

  • 10.1. Bridgestone Corporation
  • 10.2. Continental AG
  • 10.3. Balakrishna Industries Limited (BKT)
  • 10.4. Titan International Inc
  • 10.5. Yokohama TWS
  • 10.6. Michelin
  • 10.7. Nokian Tyres PLC
  • 10.8. Apollo Tyres Ltd
  • 10.9. Magna Tyres Group
  • 10.10. MRF Limited
  • 10.11. Sumitomo Rubber Industries, Ltd.
  • 10.12. JK Tyre & Industries Ltd

11. APPENDIX

  • 11.1. Currency
  • 11.2. Assumptions
  • 11.3. Base and Forecast Years Timeline
  • 11.4. Key Benefits for the Stakeholders
  • 11.5. Research Methodology
  • 11.6. Abbreviations
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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