Farm Tyre (Tire) Market size was valued at USD 15.6 Billion in 2024 and is forecasted to grow at a CAGR of 5.4% from 2026 to 2033, reaching USD 24.8 Billion by 2033.
The global farm tire market was valued at approximately USD 7,686.1 million in 2022 and is projected to reach USD 11,801.4 million by 2030, growing at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. In 2022, the Asia Pacific region dominated the market, accounting for 42.8% of the global revenue, driven by factors such as increasing population, rising disposable income, and rapid industrialization and urbanization. The abundant availability of natural rubber in countries like Thailand, India, Vietnam, Indonesia, China, and Malaysia further supports the regions market growth. In North America, the market is expected to witness significant growth, with a projected CAGR of over 6% from 2024 to 2032, attributed to the high level of agricultural mechanization and the presence of large scale farming operations. Europe also holds a substantial market share, supported by favorable government policies and the expansion of agricultural activities in countries like Germany, Russia, and France.
Within the product segments, bias tires held the largest revenue share in 2022, accounting for approximately 58% of the market. This dominance is due to their high load capacities and cost effectiveness, making them suitable for various farming applications. The tractor segment emerged as the largest application segment, generating over USD 3.6 million in revenue in 2023, owing to the multipurpose nature of tractors and their widespread use in different farming activities. The increasing demand for technologically advanced machinery for forestry operations and the mechanization of irrigation processes are also contributing to the growth of the farm tire market. Emerging trends, such as the expansion of the organic farming sector, present promising opportunities for market players to innovate and cater to the evolving needs of the agricultural industry.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=90114&utm_source=Pulse_G_April&utm_medium=226
Â
Apollo Tyres Ltd.
ATG
Balkrishna Industries
BKT
Bridgestone
Carlisle
CEAT Ltd.
Continental AG
Delta
Hankook Tire
Harvest King
J.K. Tyre
Michelin
Mitas
MRF Limited
Nokian
Pirelli
Shandong Zhentai
Specialty Tires
Sumitomo
Taishan Tyre
TBC Corporation
The Carlstar Group
LLC
Titan International
Trelleborg
Xugong Tyres
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=90114&utm_source=Pulse_G_April&utm_medium=226
Growing demand for below applications around the world has had a direct impact on the growth of the Global Farm Tyre (Tire) Market
Radial Tyres
Diagonal (Cross Ply) Tyres
Agricultural Tractors
Harvesting Equipment
Implement and Attachments
Commercial Farming
Personal Farming
Small Rim (Up to 24 inches)
Medium Rim (25 to 39 inches)
Large Rim (40 inches and above)
Online Sales
Offline Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/global-farm-tyre-tire-market-growth-2019-2024/
1. Introduction of the Global Farm Tyre (Tire) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Farm Tyre (Tire) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Farm Tyre (Tire) Market, By Type
6. Global Farm Tyre (Tire) Market, By Application
7. Global Farm Tyre (Tire) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Farm Tyre (Tire) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/