Global Agricultural Tractor Tires
Market Report
2024
Global Agricultural Tractor Tires Market size is USD 8124.2 million in 2024. The increasing demand for bias tires and radial tires is expected to boost sales to USD 11818.10 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.50% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Agricultural Tractor Tires market size will be USD 8124.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
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Market Split by Size |
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Market Split by Tire Type |
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Market Split by Application |
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Market Split by Sales Channel Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Agricultural Tractor Tires Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The demand for effective and profitable farming operations is what drives the market for agricultural tractor tires, which is a crucial sector of the agricultural machinery industry. The purpose of tractor tires is to offer the traction, stability, and longevity required for a range of agricultural tasks, such as planting, harvesting, and plowing. In addition, the development of tire technology is essential. Improvements in tractor tire performance, durability, and fuel economy attract farmers looking for more affordable and long-lasting alternatives. Tractor tires that reduce soil compaction are becoming more and more popular as knowledge about soil health increases. Because of this, specialist tire designs that can traverse different terrains with little effect are being developed and adopted. Tractor tire sales are being impacted by the development of precision farming methods that make use of automation and data. A growing number of people are using specialized tires made for these high-tech applications.
For instance, in March 2022, The Canadian government recognized the value of agricultural innovation in maintaining sustainability, competitiveness, and sector positioning for the future. Under the Innovative Solutions Canada (ISC) initiative, the Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced today that approximately $860,000 will be invested in six enterprises. (Source:https://www.canada.ca/en/agriculture-agri-food/news/2022/03/government-of-canada-invests-in-innovation-and-technology-to-tackle-challenges-in-agriculture.html)
The market for agricultural tractor tires is expanding due to the increased mechanization in the agriculture sector. Farmers are using modern farm equipment more and more to increase output and streamline operations. Because tractors are essential to contemporary farming methods, they require tires that are strong, long-lasting, and able to resist a variety of surfaces and demanding weights. Strong tractor tires are becoming more and more in demand as mechanical agriculture replaces traditional farming practices. The emphasis on increasing yield and lowering labor costs also drives up the need for durable and effective tires. In addition to increasing agricultural productivity, this mechanization trend is driving up tractor tire prices as farmers invest in cutting-edge machinery to keep up with the world's rising food demand.
The market for agricultural tractor tires is expanding as a result of the rising need for food around the world. The need for higher agricultural output grows as the world's population rises. To meet this demand, farmers must increase their operations and productivity. Large-scale cultivation and effective land management are made possible by tractors, which are essential to contemporary farming. As a result, there is a growing need for premium tractor tires that can withstand prolonged and demanding farming operations. The increased demand for food also encourages the purchase of sophisticated farming equipment, which increases the demand for sturdy and dependable tractor tires. The need to feed a growing population drives the agricultural tractor tire market's notable expansion as farmers work to maximize yields and maintain the food supply.
The market expansion for sophisticated agricultural tractor tires is severely constrained by their high cost. Modern tires are made with state-of-the-art technology to provide increased performance, longevity, and efficiency, but they are frequently more expensive. For small and medium-sized farmers that have limited funds for equipment updates and operate on tight budgets, this cost burden may be unaffordable. Farmers may be discouraged from adopting these advanced tires due to their high initial cost, choosing instead to use less expensive but lower-quality substitutes that may impair longevity and performance. The entire modernization of farming techniques is, therefore, impacted by this cost barrier, which also restricts the market penetration of new tire solutions. As a result, the agricultural tractor tire market will have difficulty implementing advanced tire technology widely.
The market for agricultural tractor tires was greatly influenced by the COVID-19 outbreak. The production and distribution of tires were delayed as a result of interruptions in the worldwide supply network, which resulted in shortages and higher pricing. Production and logistics were further hampered by worker shortages brought on by lockdowns and other restrictions. Due to unstable market pricing and declining revenue, farmers had to make delayed or smaller expenditures on new tractor tires. The epidemic did, however, also highlight the significance of robust food supply systems, which prompted a renewed emphasis on agricultural mechanization and efficiency. There is a chance that demand for tires and agricultural equipment will rise as economies recover because of the growing emphasis on sustainable farming methods and food security.
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The competitive landscape of the Agricultural Tractor Tires market is distinguished by a wide variety of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established bias tire manufacturers, specialized Agricultural Tractor tire companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
March 2024: Bridgestone Americas (Bridgestone) unveiled an Improved Regency Plus bias tire lineup for Firestone Ag. Farmers can increase crop productivity by using the Regency Plus bias tire, which offers a wide range of economical options for various applications such as utility, light construction, lawn and garden equipment, and fronts and implements. (Source:https://www.bridgestoneamericas.com/en/press-release-details.en.2024.firestone-ag-regency-plus-tire#) February 2023: With increased load-carrying capacity, better traction, and less soil compaction, Continental unveiled its largest-ever tractor tire, made for high-horsepower tractors. With its sturdy construction and sophisticated tread pattern, the tire strives to satisfy the demands of modern agriculture, enabling higher production and efficiency in the field. (Source:https://www.continental.com/en/press/press-releases/20230220-agrovftractormaster/)Top Companies Market Share in Agricultural Tractor Tires Industry: (In no particular order of Rank)
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Global Agricultural Tractor Tires Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Agricultural Tractor Tires Industry growth. Agricultural Tractor Tires market has been segmented with the help of its Size, Tire Type Application, and others. Agricultural Tractor Tires market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Large-Size Tires are the dominating category. The potential of large-size agricultural tractor tires to serve heavy-duty applications and improve operational efficiency in large-scale farming operations is driving rising demand for them. These tires are ideal for carrying high loads and easily crossing a variety of terrains since they provide excellent traction, stability, and longevity. The market for these specialist products is projected to be boosted by an expanding desire for sturdy and dependable large-size tractor tires as agricultural technology continues to progress toward larger and more potent equipment.
Small-size tires are the fastest-growing category in the Agricultural Tractor Tires market. The versatility and appropriateness of small-size agricultural tractor tires in small-scale farming operations and orchards are driving up demand for them. These tires are great for jobs like managing vineyards and gathering fruit since they can be easily maneuvered in confined locations. The necessity for small-size tires that can effectively support these operations while avoiding soil compaction is growing as the trend toward specialized and precise farming practices continues to rise. Because of this demand, tire producers are being forced to get creative and produce smaller tires with better performance features.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Agricultural Tractor Tires Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominating category is Bias Tires. Because of their affordable price and robust design, bias-ply agricultural tractor tires are still in high demand. Because of their reputation for withstanding large loads and difficult terrain, they are appropriate for a variety of farming applications. Particularly on muddy or uneven terrain, bias tires provide good float and traction. When cost and affordability are more important than speed or frequent use, they are the go-to option. Bias-ply tires are still often used in agriculture despite competition from radial tires because of their dependability and cheaper initial cost.
The fastest-growing category in the Agricultural Tractor Tires market is Radial Tires. Because of their increased effectiveness and performance, radial-ply agricultural tractor tires are becoming more and more popular. They provide less rolling resistance, which lowers fuel consumption and improves fuel economy in general. Radial tires are appropriate for high-speed activities and large-scale farming because they offer superior grip, stability, and longer tread life than bias-ply tires. They are especially important in contemporary farming methods that prioritize efficiency and economy. Radial-ply tractor tires are becoming more and more popular in the agriculture industry as farmers look to maximize their operations and keep up with technological advancements.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Agricultural Tractor Tires market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the dominating category is Plains. Agricultural tractor tires are essential for enabling productive farming operations on plains and level terrain. Plains application tires are usually made to have excellent traction and low soil compaction. They make it possible for farmers to work quickly and easily on projects like planting, harvesting, and soil preparation. In flat and wide farming environments, tires with a balanced combination of grip and flotation are preferred to maintain stability and reduce disruption to the soil structure, thus supporting optimal crop growth.
The fastest-growing category in the Agricultural Tractor Tires market is the Plateau Mountainous Region. Agricultural tractor tires are necessary in plateau and mountainous areas to navigate rough terrain and varied slopes. These tires can efficiently tackle rough terrain and steep inclines because of their better grip, traction, and longevity. They guarantee safe operations on uneven terrain by offering stability and control. Improved flotation to stop soil erosion and puncture resistance are given top priority in tires made for plateau and mountainous environments. These difficult settings allow farmers to manage crops and carry out agricultural duties efficiently because of their performance qualities.
According to Cognitive Market Research, the dominating category is OEM. The market for agricultural tractor tires is significantly influenced by the Original Equipment Manufacturer (OEM) sales channel. OEMs collaborate with tire producers to provide premium, specialty tires that mount right onto brand-new tractors. With the help of this channel, farmers can be confident they're getting tires that fit their equipment and are both dependable and suitable. Working together with OEMs enables tire producers to keep up with the most recent developments in agricultural machinery while maintaining a high standard of quality and innovation in tire designs. This sales channel guarantees client happiness and easy integration, which promotes market growth.
The fastest-growing category in the Agricultural Tractor Tires market is the Replacement/Aftermarket. The agricultural tractor tire market depends heavily on the replacement or aftermarket sales channel. This section serves the continuous need for tire replacements brought on by damage, aging, or upgrading requirements. To ensure operational efficiency, farmers often look for tires that are both high-performing and durable. With so many tire alternatives available through the aftermarket channel, farmers may choose and have flexibility to meet their specific demands. By guaranteeing that high-quality replacement tires are available, it promotes market expansion by assisting farmers in maintaining productivity and extending the life of their agricultural machinery.
According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of global sales. The market for agricultural tractor tires is expected to develop significantly, with North America leading the way. The need for sophisticated tractor tires is fueled by the region's thriving agricultural industry, which is marked by extensive farming operations and high levels of mechanization. Technological improvements and an emphasis on precision farming further enhance market expansion. Government subsidies and financial aid programs assist farmers in acquiring modern equipment, such as premium tractor tires. The need for specialty tires is also fueled by growing knowledge of sustainable farming methods and soil health. These elements, when working together, establish North America as a major force behind the market expansion of agricultural tractor tires. Additionally, the Association of Equipment Manufacturers (AEM) reports that 360,000 tractors and combines were sold in North America in total in 2021. Nearly every category of agricultural tractors and combines in the US and Canada saw a sales gain of more than 10% that year.
Asia-Pacific stands out as the fastest-growing region in the Agricultural Tractor Tires market. The agricultural tractor tire market is expected to increase significantly due to the influence of the Asia Pacific region. The need to feed a growing population is driving rapidly expanding agricultural operations in countries such as China and India, which is increasing the need for tractor tires and innovative farming equipment. Government programs and incentives that encourage agricultural automation also drive market expansion. The growing use of contemporary farming methods and technical developments in the tire industry also support market expansion. Asia Pacific's varied agricultural terrain and growing agronomic consciousness establish the region as a key contributor to the expansion of the agricultural tractor tire industry.
The current report Scope analyzes Agricultural Tractor Tires Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Agricultural Tractor Tires market size was estimated at USD 8124.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3249.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
According to Cognitive Market Research, the global Agricultural Tractor Tires market size was estimated at USD 8124.2 Million, out of which Europe held the market more than 30% of the global revenue with a market size of USD 2437.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031..
According to Cognitive Market Research, the global Agricultural Tractor Tires market size was estimated at USD 8124.2 Million, out of which Asia Pacific held the market around 23% of the global revenue with a market size of USD 1868.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
According to Cognitive Market Research, the global Agricultural Tractor Tires market size was estimated at USD 8124.2 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 406.21 million in 2024. It will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
According to Cognitive Market Research, the global Agricultural Tractor Tires market size was estimated at USD 8124.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 162.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Size | Small-Size Tires, Large-Size Tires |
Tire Type | Bias Tires, Radial Tires |
Application | Plains, Plateau Mountainous Region, Others |
Sales Channel Type | OEM, Replacement/Aftermarket |
List of Competitors | MICHELIN (France), Bridgestone (Japan), The Goodyear Tire & Rubber Company (U.S.), Bridgestone Americas Tire Operations, LLC (U.S.), Balkrishna Industries Limited (BKT) (India), Yokohama TWS Czech Republic a.s (Czech Republic), Yokohama TWS (Sweden), YOHT (Israel), The Carlstar Group, LLC. (U.S.), CEAT (India) |
This chapter will help you gain GLOBAL Market Analysis of Agricultural Tractor Tires. Further deep in this chapter, you will be able to review Global Agricultural Tractor Tires Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Agricultural Tractor Tires Market Trends North America Agricultural Tractor Tires Technological Road Map North America Agricultural Tractor Tires Market Drivers North America Agricultural Tractor Tires Market Restraints North America Agricultural Tractor Tires Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Size Analysis 2019 -2031, will provide market size split by Size. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Size Analysis 2019 -2031
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Chapter 11 Market Split by Tire Type Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
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Chapter 13 Market Split by Sales Channel Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Agricultural Tractor Tires market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Small-Size Tires have a significant impact on Agricultural Tractor Tires market? |
What are the key factors affecting the Small-Size Tires and Large-Size Tires of Agricultural Tractor Tires Market? |
What is the CAGR/Growth Rate of Bias Tires during the forecast period? |
By type, which segment accounted for largest share of the global Agricultural Tractor Tires Market? |
Which region is expected to dominate the global Agricultural Tractor Tires Market within the forecast period? |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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