Farm Tire

Global Farm Tire Market to Reach US$10.7 Billion by 2030

The global market for Farm Tire estimated at US$8.3 Billion in the year 2024, is expected to reach US$10.7 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Bias Farm Tire, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$7.4 Billion by the end of the analysis period. Growth in the Radial Farm Tire segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 8.2% CAGR

The Farm Tire market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Farm Tire Market – Key Trends & Drivers Summarized

Why Are Farm Tires Gaining Strategic Importance in Modern Agricultural Mechanization?

Farm tires, long viewed as basic functional components in agricultural machinery, are now recognized as critical enablers of farm productivity, efficiency, and sustainability. As global agriculture undergoes mechanization and precision farming gains momentum, demand for specialized tires that optimize traction, reduce soil compaction, and enhance fuel efficiency is rising. These tires are extensively used in tractors, harvesters, sprayers, and loaders, each requiring unique tread patterns, load-bearing capacities, and durability standards. The shift toward large-scale commercial farming in regions such as North America, Brazil, and India has driven increased adoption of high-horsepower machinery that requires advanced radial tires with superior flotation and grip. Moreover, the ongoing global food demand, coupled with a shortage of agricultural labor, has accelerated the need for automation and heavy-duty equipment, boosting the replacement and OEM demand for farm tires. Technological improvements in tire materials, such as synthetic rubber compounds and reinforced sidewalls, are also making modern farm tires more resistant to harsh weather, abrasive surfaces, and heavy loads, ensuring longer service life and improved performance under demanding field conditions.

How Are Technology and Product Innovation Transforming the Farm Tire Landscape?

Innovation in the farm tire market is redefining the performance expectations and application scope of agricultural mobility. One of the most significant advancements is the growing use of radial tires, which outperform traditional bias-ply designs by offering better traction, reduced rolling resistance, and enhanced comfort during extended operations. Manufacturers are now developing high-flexion (IF) and very high-flexion (VF) tires, which allow for greater load carrying at lower air pressures—ideal for reducing soil disturbance and improving crop yields. Additionally, smart tire technologies are entering the field, incorporating sensors that monitor air pressure, temperature, and tread wear in real time, helping farmers prevent downtime and improve fleet management. Self-cleaning tread designs, stubble-resistant compounds, and reinforced bead structures are also being introduced to improve durability and adaptability across diverse terrains and cropping conditions. Furthermore, tire manufacturers are partnering with OEMs and telematics providers to ensure their products align with connected machinery and GPS-guided farming systems. These innovations not only support better agronomic outcomes but also cater to sustainability trends by minimizing fuel consumption and soil erosion—key priorities in modern agriculture.

Is Market Growth Being Reinforced by Structural Shifts in Global Agriculture?

The farm tire market is being significantly influenced by structural changes across the global agricultural ecosystem. Rapid urbanization, changing dietary patterns, and the rise of agri-tech are pushing farms toward industrial-scale operations that rely heavily on mechanized solutions. Government initiatives aimed at boosting food production and rural incomes in countries like China, Brazil, and India have led to subsidized tractor purchases, infrastructure development, and better access to credit—factors that directly stimulate demand for agricultural tires. In developed regions, farm consolidation is creating larger plots requiring bigger, more powerful machines that are outfitted with high-capacity tire systems. Seasonal variability and climate change are also influencing tire design, as farmers seek adaptable, all-weather tires that can perform across wet, dry, and uneven field conditions. The rental and leasing model of farm equipment is gaining traction, particularly among small and mid-sized farmers, further fueling the need for durable, multi-application tires. Additionally, growing awareness of sustainable farming practices is encouraging adoption of tires that offer minimal compaction and high flotation, which preserve soil structure and promote long-term agricultural health.

What Are the Key Drivers Powering Growth in the Farm Tire Market?

The growth in the farm tire market is driven by several factors related to technological development, evolving farm practices, and market expansion strategies. On the technology front, advancements in radial and high-flexion tire design, alongside the integration of sensor-based monitoring systems, are improving tire longevity and field performance, making them more attractive to both OEMs and end-users. In terms of end-use, the rising adoption of precision agriculture, autonomous tractors, and high-power machinery is driving demand for application-specific tires that can handle higher loads and deliver optimized traction. Shifts in consumer behavior—especially a preference for sustainably sourced food—are encouraging farmers to invest in equipment that supports conservation-friendly practices, including low-compaction tires. Regional market growth is also being spurred by government subsidies, increasing mechanization rates in emerging economies, and the expansion of large-scale agribusinesses across Latin America, Eastern Europe, and Southeast Asia. Additionally, the growing importance of aftermarket sales, fueled by frequent tire replacements due to intense field use, is creating recurring revenue opportunities for manufacturers. Distribution network expansion and strategic alliances with farm equipment OEMs are further supporting global market penetration and long-term growth.

SCOPE OF STUDY:

The report analyzes the Farm Tire market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Bias Farm Tire, Radial Farm Tire); Distribution (OEM Distribution, Aftermarket Distribution); Application (Tractors Application, Harvesters Application, Forestry Application, Irrigation Application, Implements Application, Sprayers Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Alliance Tire Group
• Apollo Tyres
• Balkrishna Industries Limited (BKT)
• Bridgestone Corporation (Firestone)
• CEAT Limited
• Continental Reifen Deutschland GmbH
• Gajah Tunggal
• Giti Tire
• JK Tyre & Industries Ltd.
• Maxxis International
• Michelin
• Mitas Tires
• MRF Limited
• Nokian Tyres PLC
• Pirelli & C. S.p.A. (Prometeon Tyre Group)
• Sumitomo Rubber Industries
• Titan International Inc. (Goodyear Tires)
• Trelleborg AB
• Yokohama Rubber Company
• Zhongce Rubber Group Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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