Agricultural Tires Market Share, Size, Demand, Key Players by Forecast 2030

Agricultural Tires Market size was valued at USD 5.71 Billion in 2021 and is projected to reach USD 8.69 Billion by 2030, growing at a CAGR of 4.79% from 2023 to 2030.

As their name suggests, agriculture tyres are solely intended for use in farming or agriculture. These tyres have a diagonal thread that is 45 degrees out from the centre. The tractor can travel fast through mud and soil thanks to the treads' optimum traction. There are many various types of machinery available in a range of sizes and diameters, including tractors, combine harvesters, sprayers, trailers, and skid steer loaders.

Agricultural Tires Market Overview

Throughout the upcoming years, there will undoubtedly be a rising demand for farming automation to close the agricultural produce supply-demand gap. Additionally, the market is anticipated to grow in the approaching years due to the increasing adoption of cutting-edge farming technology to satisfy the skyrocketing food demand and raise agricultural productivity. The market is anticipated to be driven in part by rising demand for heavy-duty tyres with substantial traction and efficiency, as well as increased load capacities and less compacted terrain.

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Agricultural machinery and automobiles employ a subset of speciality tyres known as "farm tyres." Agricultural equipment such as sprayers, tractors, trailers, and harvesters all require farm tyres. Numerous various elements must be taken into account when selecting a farm tyre. Before buying farm tyres, one should take into account the weight of the equipment, soil compaction, fuel efficiency, traction needs, and size of the tractor tyre. Replacement farm tyres and original equipment (OE) farm tyres make up the two market categories for farm tyres. Radial tyres and bias tyres are the other divisions within these sectors.

Agricultural Tires Market Trends

Tractor sales are being fueled by rural-to-urban migration, growing labour costs, and a shortage of skilled labour in the majority of developing nations. One of the primary causes of the growing mechanisation of the farming business is the shortage of farm labour and its rising cost. The market for agricultural tractors is anticipated to increase due to the rising cost of labour and the growing requirement for operational efficiency. The lack of available manpower will drive the agricultural tractor market during the predicted period.

Farmers are spending more money on farm equipment so that it can operate at its best with a less personnel. Although the initial cost of these equipment types is significant, they contribute to increased crop quality and yield. In order to offset rising labour expenses, many farmers are now reducing the size of their agricultural enterprises and leasing out a section of their farms.

Global Agricultural Tires Market: Major Players
Michelins
Titans
Goodyear
Firestone
Cooper Tire
Continental Tires
Bridgestone

Global Agricultural Tires Market: By Types
Radial Ply Tires
Bias Ply Tires

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Global Agricultural Tires Market: By Applications
Tractors
Combined Harvesters
Others

Global Agricultural Tires Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Agricultural Tires market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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