Agricultural Tire Market size is estimated to be USD 5.3 Billion in 2024 and is expected to reach USD 7.9 Billion by 2033 at a CAGR of 5.1% from 2026 to 2033.
In 2022, the global agricultural tire market was valued at approximately USD 7.2 billion, with projections indicating growth to USD 9.8 billion by 2027, reflecting a compound annual growth rate (CAGR) of 5.3%. North America held a significant share, with the United States leading due to extensive mechanized farming practices. Europe followed closely, driven by sustainable agricultural initiatives. The Asia Pacific region, particularly countries like China and India, exhibited robust growth attributed to increasing mechanization and government support in agriculture. Indias market, for instance, is anticipated to grow at a CAGR of 7% from 2022 to 2030.Opportunities in the agricultural tire market are expanding with the adoption of advanced farming technologies and precision agriculture, necessitating specialized tires for enhanced efficiency. The shift towards radial tires, known for longer tread life and improved fuel economy, is gaining momentum. Additionally, government initiatives promoting farm mechanization and subsidies for modern equipment are further propelling market growth, especially in emerging economies. However, challenges such as high import taxes and fluctuating rubber prices may impact market dynamics.
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Michelin
Bridgestone
Titan International
Pirelli
Trelleborg
AGT
BKT
Mitas
Sumitomo
Nokian
Harvest King
J.K. Tyre
Carlisle
Specialty Tires
Delta
CEAT
Xugong Tyres
Taishan Tyre
Shandong Zhentai
Double Coin
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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Agricultural Tire Market
Bias Agricultural Tires
Radial Agricultural Tires
Flotation Tires
Implement Tires
Tractors
Harvesters
Sprayers
Planters
Loaders
Small Tires (up to 16 inches)
Medium Tires (16 to 24 inches)
Large Tires (over 24 inches)
Natural Rubber
Synthetic Rubber
Composite Materials
Small-scale Farmers
Commercial Farmers
Agricultural Cooperatives
Agricultural Equipment Dealers
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)
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1. Introduction of the Global Agricultural 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 Agricultural Tire Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agricultural Tire Market, By Type
6. Global Agricultural Tire Market, By Application
7. Global Agricultural Tire Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Agricultural Tire Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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