Agricultural Equipment Tires Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The agricultural equipment tires market was valued at approximately USD 6.7 billion in 2022. The sector is projected to experience a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030, reflecting steady growth in response to rising global food demand and advancements in farming technologies. Key drivers include increased mechanization of farming processes and the growing adoption of modern agricultural machinery, which demands more sophisticated and durable tire solutions. The market’s expansion is fueled by the need for tires that offer enhanced performance, longer service life, and better fuel efficiency, aligning with the overall trends in agricultural technology and sustainability.
Opportunities in the agricultural equipment tires market are significant, particularly in emerging regions such as Asia-Pacific and Latin America. These regions are witnessing rapid agricultural development and modernization, creating a substantial demand for advanced tire solutions. Additionally, innovations such as smart tires with integrated sensors and improved materials offer new avenues for growth. The increasing focus on precision farming and the need for tires that can handle diverse and challenging terrains further expand market prospects. As these emerging markets continue to evolve, they present considerable opportunities for manufacturers and stakeholders aiming to capitalize on the growing demand for high-performance agricultural tires.
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Michelin
Kooima Company
Otr Wheel Engineering
Stellana US Inc
McLaren Industries
High Grade Manufacturing
Super Grip
Specialty Tires of America
Commercial Tire Inc
Hankook Tire
TBC Private Brands
Rovince Tire
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Agricultural Equipment Tires Market
Agriculture
Forestry
Construction
Based on Types the Market is categorized into Below types that held the largest Agricultural Equipment Tires market share In 2023.
Drive Wheel
Support Wheel
Guide Wheel
Global (United States, Global 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)
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1. Introduction of the Global Agricultural Equipment Tires 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 Agricultural Equipment Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agricultural Equipment Tires Market, By Type
6. Global Agricultural Equipment Tires Market, By Application
7. Global Agricultural Equipment Tires Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Agricultural Equipment Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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