Farm Tire Market Size & Trends
The global farm tire market size was estimated at USD 8.44 billion in 2024 and is expected to grow at a CAGR of 5.9% from 2025 to 2030. The growing demand for farm tires in agricultural vehicles, coupled with the expansion of the agriculture sector, is projected to boost the market growth over the forecast period.
Key Points
The Asia Pacific farm tire market led the global market and held a 43.9% revenue share in 2024
Demand for China farm tires is increasing because of growing agricultural mechanization and government initiatives to modernize farming
On the basis of segment, the bias tire segment dominated the market and held a 72.6% revenue share of the global revenue in 2024
According to segment, the aftermarket segment dominated the market and held a 61.8% share of the global revenue in 2024
According to segment, the tractors segment dominated the market and had a 44.4% share of the global revenue in 2024
Farmers' adoption of new technologies to enhance the agricultural output and fulfill the increasing food demand is expected to be the major driver supporting the farm tire market growth. Furthermore, the sales of tractors have also seen significant growth in the historical years due to the increasing demand for technological up-gradation, thus positively impacting the farm tire market growth
The U.S. market is likely to experience growth at a high rate in the coming years due to the presence of several manufacturing plants. Besides, advancements in agricultural machinery and agriculture-friendly policies are likely to support the development of the agricultural sector and hence the demand for associated products, such as tires.
Urbanization at a very rapid pace, along with rising living standards, has put tremendous pressure on agricultural production and productivity worldwide. The growth of the agricultural sector to fulfill the growing demand for agri-products is expected to be a positive for the demand for agricultural vehicles, thus driving the demand for farm tire during the forecast period.
Growing need for products with better properties, like higher puncture and wear and tear resistance, is expected to drive the production of good products. Moreover, the high level of production of farm tires, combined with the increasing consumption on a global scale, is expected to drive the growth of the farm tire market.
Local players primarily concentrate on their own specialties and keep their customers intact by offering personalized services to tractor and harvester producers. Industry players also concentrate on expanding their production capacity since the demand for farm tires is rising in the agriculture sector due to the rising demand for agricultural products.
Market Concentration & Characteristics
The farm tire industry is facing a moderate to high level of innovation, spurred by the changing requirements of contemporary agriculture and sustainability. Companies are spending on newer materials such as low-rolling resistance rubber compounds, self-cleaning tread, and airless tire technology to improve performance, durability, and fuel efficiency. Precision farming and autonomous equipment require tires that are compatible with GPS and sensor-based systems, which prompts ongoing R&D. Also, the transition towards sustainable and regenerative farming has created a paradigm of innovation in tire design that reduces soil compaction and enhances traction on various landscapes. Agreements between tire manufacturers and agri-tech companies are also important in driving boundaries of innovation.
The risk of substitution in the farm tire industry is quite low, as there are few substitutes that can equally substitute the performance, longevity, and terrain-based capability of specialized agricultural tires. Although technologies such as rubber tracks are becoming popular for particular applications like reducing soil compaction in large-scale agriculture, they tend to be more costly and less adaptable than pneumatic tires. In addition, conventional techniques such as farming using animals or by hand are no longer efficient alternatives in commercial agriculture because of low efficiency. As a result, even with innovations emanating, farm tires are still the most cost-efficient and versatile option for contemporary agricultural equipment.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
Product Insights
The bias tire category dominated the market and held a 72.6% share of the total revenue of the world in 2024. The demand for bias tires is strong in India and China due to the fact that the bias tires are made from natural rubber, which is cultivated primarily in the two nations. Furthermore, the crosshatch structure of the bias tire, along with its low-cost availability, will tend to boost its demand.
The raw material cost is low, which, in turn, reduces the cost of manufacturing the product. Nevertheless, the declining availability of natural rubber will likely limit the growth of the segment. Furthermore, natural rubber adds stiffness to the tire, which loses its uniformity upon use, undermining the circular shape of the farm tire and reducing its shelf life.
Radial tires are made with steel ply, enhancing durability, and bead-to-bead construction at a 90-degree angle to the circumferential centerline, enhancing tire flexibility and decreasing the rolling resistance, leading to better performance. This is expected to propel the demand for radial farm tires in farm vehicles during the forecast period.
The price of radial tires is steep due to the utilization of synthetic rubber and advanced manufacturing technology that involves expensive machinery. Consequently, the penetration of the product in the large agricultural markets and emerging economies, like India and China, is limited. The factors mentioned above are expected to constrain the growth of the farm tire market.
Distribution Insights
The aftermarket segment dominated the market and held a 61.8% share of the worldwide revenue in 2024. The increasing need for the replacement of tires by farmers due to the growth of agricultural activities worldwide is expected to support the segment growth during the forecast period.
The consumption of bias tires is declining as they are being substituted by radial tires with high-performance features. Also, the expansion of new car sales is slower, which shows that the demand for tires is lower via OEM distribution than in replacement. All these factors are expected to propel the demand for farm tires via aftermarket sales.
The market for new farm tires via aftermarket is on the rise due to the availability of various types of platforms like online, authorized dealers, and third-party dealers. Nevertheless, popularity for tire retreading in developing economies like India and China will likely inhibit demand for farm tires via the aftermarket.
The OEM market demand for farm tires is anticipated to exhibit growth due to the rising market demand for new agricultural vehicles, including tractors and harvesters. Demand for these vehicles is high in developed economies since farmers can afford the newly available, pricey farm machinery that helps carry out farming operations on extensive areas of land.
Application Insights
The tractors segment dominated the market and had 44.4% share of the revenue in the world in 2024 due to its multi-functionality. Tractors with high horsepower are generally used because they can be utilized for various farm operations. Consequently, the demand for tires is also increasing with the growing usage and popularity of tractors in the market.
The need for harvesters farm tires is anticipated to experience growth because of the entry of various varieties of harvesters to accommodate farming requirements. For example, John Deere introduced crop-specific harvesters to provide solutions for the needs of farmers, which ultimately made harvesting crops, like sugarcane and corn, simpler. This raised the demand for harvesters to cover long lengths of farm.
The increasing need for technologically enhanced machinery for forest operations is likely to propel the demand for tires. Furthermore, high penetration of forestry equipment in developed markets such as North America and Europe leads to increasing aftermarket sales for the tires, which is likely to drive the market growth of farm tires during the forecast period.
The rise in mechanization of irrigation activities due to enhanced efficiency and better crop yield, aided by mechanized irrigation, is anticipated to boost the market for irrigation equipment. This is also likely to boost demand for irrigation equipment, such as farm tires, thus driving the farm tire market growth.
Regional Insights
Asia Pacific farm tire market led the overall market and contributed to a 43.9% revenue share in 2024. This is due to reasons like growing population, growing disposable income of the middle class, and swift industrialization and urbanization. Furthermore, the region has small and large-scale producers, which will support the farm tire market growth.
China farm tires market demand is increasing as a result of rising agricultural mechanization and government incentives for the modernization of farming activities. With the country transitioning from labor-based to machinery-based farming to mitigate rural labor shortages and improve productivity, there's an increased demand for high-performance and long-lasting farm tires. Moreover, China's growing agri-tech industry and the emphasis on food security are also contributing to the investment in sophisticated farming tools, such as tractors and harvesters, which directly translates into tire demand.
Europe Farm Tire Market Trends
Europe farm tires market is experiencing consistent growth in farm tire demand due to precision agriculture practices, robust regulatory systems favoring sustainable farming, and the availability of well-established OEMs. Farmers are increasingly using high-tech equipment to enhance yield efficiency, necessitating tires that enable improved traction, less soil compaction, and fuel efficiency. Additionally, the drive towards environmentally friendly agricultural practices has resulted in a shift towards radial tires that provide improved performance and environmental advantages.
Being a prominent agricultural center in Europe, farm tire market in Germany is on the rise with the development in agri-tech and a focus on automation. German government support for smart farming, along with Germany's industrialized machinery manufacturing sector, drives increasing demand for special and high-load capacity farm tires. Increased activity in organic and sustainable agriculture also requires lower ground pressure tires and better field performance.
North America Farm Tire Market Trends
Demand for farm tires in North America is growing due to the immense agricultural land in the region, extensive application of mechanized agriculture, and implementation of advanced farming technologies. Climate uncertainty and the requirement for improved productivity have led farmers to switch to more resistant and efficient tires. The concentration of key farming equipment manufacturers and the well-developed aftermarket service market also supports tire sales in the U.S. and Canada.
U.S. Farm Tire Market Trends
Demand for the U.S. farm tires industry is largely from commercial farming on a large scale, high penetration of equipment, and ongoing investment in precision farming. Farmers are upgrading old equipment to newer tractors and harvesters that need high-quality tires with good capabilities to withstand heavy loads and mixed terrain. Further, increasing grain prices and government subsidies for upgrading agriculture are also compelling farmers to invest in upgraded equipment, including better tires.
Latin America Farm Tire Market Trends
Latin America farm tire industry, particularly Brazil and Argentina, is witnessing increased demand because commercial farming and export agriculture are increasing. Rising cultivation of soybeans, maize, and sugarcane in the region requires mass farming equipment, which in turn fuels demand for strong and dependable tires. Development of rural infrastructure, foreign investments in agriculture, and increased knowledge about the advantages of radial tires are also bolstering market growth.
Middle East & Africa Farm Tire Market Trends
In the Middle East & Africa region, the demand for farm tires is increasing because of continuous agricultural development schemes, government-sponsored food security programs, and modernization of conventional farming practices. As agriculture develops in more dry and semi-dry areas through the use of irrigation-based farming, requirements for equipment that can withstand tough conditions grow, thus boosting demand for high-traction, long-lasting tires. Furthermore, rising imports of farm equipment and favorable policies are supporting the growth of the farm tire market.
Key Farm Tire Company Insights
Some of the main players in the market are Bridgestone Corporation and Continental AG
Bridgestone is a world leader in tire production with a vast array of top-quality agricultural tires known for high performance and durability. Its Firestone brand is particularly dominant in the North American farm tire market, serving tractors, harvesters, and sprayers.
Continental AG is a market leader known for its innovative agricultural tire solutions that improve fuel efficiency and decrease soil compaction. The company places significant emphasis on precision farming compatibility and environmentally friendly tire technology.
Hankook Tire & MRF Limited are few of the emerging market players in the farm tire industry.
Hankook is gradually moving into the agricultural space with its increasing lineup of farm tires for heavy load-carrying and enhanced traction. It is using its R&D skills to take on the veterans in emerging economies.
MRF is an Indian tire company pushing the growth of its farm tire business in the local and regional markets with affordable, durable products that suit local and regional farmers' requirements. It is gathering momentum in emerging markets through a combination of affordability and reliability.
Key Farm Tire Companies
The following are the leading companies in the farm tire market. These companies collectively hold the largest market share and dictate industry trends.
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Continental AG
- Compagnie Générale des Établissements Michelin (CGEM)
- Sumitomo Rubber Industries, Ltd.
- Titan International, Inc.
- Mitas
- TBC Corporation
- Apollo Tyres Ltd.
- Hankook Tire
- MRF Limited
- JK Tyre & Industries Ltd.
- CEAT
- The Carlstar Group, LLC
- Specialty Tires of America, Inc.
- Alliance Tire Group (ATG)
- Trelleborg AB
Recent Developments
-
In October 2023, Continental AG diversified its agri-product portfolio by introducing new sizes of TractorMaster and CompactMaster AG/EM series to meet larger and more powerful equipment.
In May 2023, Bridgestone diversified its VX-R TRACTOR tire lineup with the addition of 23 new sizes in the 65, 70, and 85 series with rim diameters ranging from 24 to 38 inches. These tires, designed using enliten technology, aspire to be more sustainable without reducing performance.
Farm Tire Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 8.88 billion |
|
Revenue forecast in 2030 |
USD 11.80 billion |
|
Growth rate |
CAGR of 5.9% from 2025 to 2030 |
|
Base year for estimation |
2024 |
|
Historical data |
2018 - 2023 |
|
Forecast period |
2025 - 2030 |
|
Quantitative units |
Volume in thousand units and revenue in USD million/billion and CAGR from 2025 to 2030 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Product, application, distribution, region |
|
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
|
Country scope |
U.S.; Canada; Mexico; Germany; UK; France; Italy; Russia; Turkey; China; India; Japan; Australia; Brazil; Argentina; South Africa |
|
Key companies profiled |
Balkrishna Industries Limited (BKT); Bridgestone Corporation; Continental AG; Compagnie Générale des Établissements Michelin (CGEM); Sumitomo Rubber Industries, Ltd.; Titan International, Inc.; Mitas; TBC Corporation; Apollo Tyres Ltd.; Hankook Tire; MRF Limited; JK Tyre & Industries Ltd.; CEAT; The Carlstar Group, LLC; Specialty Tires of America, Inc.; Alliance Tire Group (ATG); Trelleborg AB |
|
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
Global Farm Tire Market Report Segmentation
-
Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
-
Bias
-
Radial
-
-
Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
-
Tractors
-
Harvesters
-
Forestry
-
Irrigation
-
Implements
-
Sprayers
-
-
Distribution Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
-
OEM
-
Aftermarket
-
-
Regional Outlook (Volume, Thousand Units; Revenue; Revenue, USD Million, 2018 - 2030)
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
France
-
Italy
-
Turkey
-
-
Asia Pacific
-
China
-
India
-
Japan
-
Australia
-
-
Central & South America
-
Brazil
-
Argentina
-
-
Middle East & Africa
-
South Africa
-
-
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy