Farm Tyre (Tire) Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 7.9 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The global farm tyre market was valued at approximately USD 6.7 billion in 2022 and is projected to witness a compound annual growth rate (CAGR) of around 5.3% from 2023 to 2030. Factors driving the market growth include the increasing mechanization of agriculture, rising demand for efficient farming equipment, and expanding agricultural activities worldwide. The demand for tractors, harvesters, and other machinery has increased the need for high-performance tyres, especially in emerging economies where farm mechanization is gaining traction. Additionally, the shift toward sustainable farming practices has spurred the demand for advanced and eco-friendly tyres, which is creating lucrative growth opportunities in the market.
Emerging markets such as India, China, and Brazil are contributing significantly to the farm tyre market due to rapid advancements in agricultural infrastructure and favorable government initiatives to enhance farm productivity. These regions are expected to witness robust growth during the forecast period. In particular, Asia-Pacific held the largest market share in 2022, accounting for over 40% of the total revenue. Innovations in tyre technology, such as increased durability, fuel efficiency, and soil-friendly designs, are further expected to drive market growth. The increasing adoption of precision farming and the use of autonomous agricultural equipment present additional opportunities for manufacturers to develop specialized tyres catering to these modern farming needs.
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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
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 Farm Tyre (Tire) Market
Tractors tyres
Harvester tyres
Sprayer tyres
Trailer tyres
Other
Based on Types the Market is categorized into Below types that held the largest Farm Tyre (Tire) market share In 2023.
Bias Tyres
Radial Tyres
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 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
Global
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
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