Global Agricultural Tires Market Size study & Forecast, by Sales Channel Type (OEM, Replacement/Aftermarket) By Application Type (Tractors, Combine Harvesters, Sprayers, Trailers, Loaders, Other Application Types) By Tire Type (Bias Tires, Radial Tires) a

Global Agricultural Tires Market Size study & Forecast, by Sales Channel Type (OEM, Replacement/Aftermarket) By Application Type (Tractors, Combine Harvesters, Sprayers, Trailers, Loaders, Other Application Types) By Tire Type (Bias Tires, Radial Tires) and Regional Analysis, 2023-2030

Global Agricultural Tires Market is valued approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Agricultural Tires are specialized tires designed for use on agricultural vehicles and equipment. These vehicles include tractors, combines, harvesters, sprayers, trailers, and other machinery used in farming and agricultural activities. Agricultural tires are essential for providing traction, stability, and load-bearing capacity in various soil conditions encountered on farms. The Agricultural Tires market is expanding because of factors such as the rising value of agricultural production and increasing adoption of smart farming. Agricultural tires have a unique tread pattern designed to provide optimal traction in different soil types, including mud, sand, gravel, and wet or dry conditions. The tread pattern may vary depending on the intended use of the tire, such as field work, road transport, or specialized applications. As a result, the demand for Agricultural Tires has progressively increased in the international market during the forecast period 2023-2030.

Higher agricultural production values often lead to increased investment in modern farming equipment. Farmers may upgrade their machinery to improve efficiency, productivity, and yield. This trend includes the adoption of larger tractors, combines, sprayers, and other specialized equipment, all of which require appropriate tires for optimal performance. According to the OECD-FAO Agricultural Outlook 2023-2032, the anticipated trend indicates annual increase of 1.3% in global food consumption over the next decade, emphasizing the main use of agricultural products. A Furthermore, different agricultural activities require specialized tires tailored to specific tasks and terrain conditions. Certain crops or soil types may necessitate tires with unique tread patterns capabilities to reduce compaction. As agricultural production values increase, farmers are more likely to invest in specialized tires that enhance productivity and minimize environmental impact. Another important factor that drives the Agricultural Tires market is increasing adoption of smart farming. Smart farming technologies enable farmers to optimize their operations, leading to increased efficiency and productivity. Precision planting and variable rate applications allow for more accurate placement of seeds, fertilizers, and pesticides, reducing waste and maximizing yield. Agricultural tires play a crucial role in supporting these efficiency improvements by providing reliable traction, stability, and maneuverability for various farm tasks. In addition, as per Statista, global value of smart farming market accounts USD 12.75 billion in 2021 and projected to reach up to USD 33 billion by the year 2027. Moreover, technological advancements associated with low-pressure tires and supportive government initiatives towards agricultural tractors are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high maintenance cost of agriculture tire and availability of remolded tires is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Agricultural Tires Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rise in contribution of agricultural production and increasing adoption of modern farming techniques for increasing crop yield in the region. Modern farming techniques often involve mechanization, where heavy machinery like tractors, combines, and harvesters are employed to carry out various tasks such as plowing, planting, harvesting, and transporting crops. These machines require specialized tires capable of withstanding heavy loads and operating efficiently in various field conditions. The region’s dominant performance is anticipated to propel the overall demand for Agricultural Tires. Furthermore, North America is expected to grow fastest during the forecast period, owing to factors such as rising adoption of smart farming techniques in the region. The rise of autonomous farming technologies, such as driverless tractors and robotic equipment, relies on advanced tire solutions. Autonomous vehicles require tires capable of providing precise control, stability, and safety, especially in unpredictable field conditions. Agricultural tires with features like self-inflation systems or adaptive tread patterns can enhance the performance and safety of autonomous farming equipment.

Major market player included in this report are:
Continental AG
The Yokohama Rubber Co., Ltd
The Goodyear Tire & Rubber CompanyMadras Rubber Factory Limited
Michelin Group
Eurotire Group
Belshina Joint Stock Company
Cheng Shin Rubber Industry Co., Ltd
China National Tire & Rubber Holding Co., Ltd
Bridgestone Corporation

Recent Developments in the Market:
 In May 2023, Yokohama Off-Highway Tyres has announced the availability of AGRI STAR II R - I agricultural tyres in India. The AGRI STAR II R-I is a radial tyre with a distinct 'Stratified Layer Technology' (SLT) that is intended to fulfil the evolving needs of modern tractor operators. YOHT has launched a new tyre under its Alliance brand, which has a history of introducing flagship goods in the Flotation and IF&VF tyre markets.

 In May 2022, Apollo Tyres has unveiled its latest offering, the new generation Agriculture tires, named the 'VIRAT' range, amidst a gathering of farmers and business partners in Chandigarh, located in northern India. This versatile range is designed to excel in both agricultural and haulage applications, catering to the diverse needs of farmers. Available in front and rear fitments, the VIRAT tire boasts 20 lugs, ensuring robust traction and durability across various soil conditions, be it soft or hard. This tire not only enhances tractor productivity and reduces downtime but also complements the aesthetics of modern tractor models.

Global Agricultural Tires Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Sales Channel Type, Application Type, Tire Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Sales Channel Type
OEM
Replacement/Aftermarket

By Application Type
Tractors
Combine Harvesters
Sprayers
Trailers
Loaders
Other Application Types

By Tire Type
Bias Tires
Radial Tires

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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