According to a research report published by Spherical Insights & Consulting, the Global Agricultural Tire Market Size Expected to Grow from USD 7.4 Billion in 2023 to USD 15.4 Billion by 2033, at a CAGR of 7.6% during the forecast period 2023-2033.

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Agriculture tires are developed for the use of agricultural equipment and vehicles such as tractors, sprayers, combines, and trailers to overcome the challenges faced by farmers in farming environments, including mud, gravel, and uneven terrain. These tires’ tread patterns are made to increase traction in a range of field conditions, including mud, gravel, sand, and uneven terrain. The tread design may include open shoulders, self-cleaning bars, and deep lugs to increase grip and decrease slippage. Furthermore, this is because they provide traction, stability, and load-bearing capacity for a variety of agricultural gear and equipment, agricultural tires are crucial for efficient and successful farming operations. Effective agricultural tires contribute to fuel efficiency because of their enhanced vehicle performance and reduced rolling resistance. However, due to problems with high starting pricing and environmental considerations, the agricultural tire market is expanding more slowly than it formerly did.

Browse key industry insights spread across 210 pages with 120 Market data tables and figures & charts from the report on the Global Agricultural Tire Market Size, Share, and COVID-19 Impact Analysis, By Application (Combine Harvesters, Tractors, Sprayers, Trailers, Loaders, and Others), By Distribution Channel (Aftermarket and OEM), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The tractors segment is anticipated to hold the largest market revenue share through the projected period.

Based on the application, the agricultural tire market is divided into combine harvesters, tractors, sprayers, trailers, loaders, and others. Among these, the tractors segment is anticipated to hold the largest market revenue share through the projected period. The tractor category dominated the market. High-horsepower tractors are well-liked since they may be employed for a range of agricultural chores. Tires are therefore becoming more and more necessary as tractors gain popularity and are utilized for a wider range of operations.

The OEM segment is estimated to hold the highest market share through the forecast period.

Based on the distribution channel, the agricultural tire market is segmented into aftermarket and OEM. Among these, the OEM segment is estimated to hold the largest market share through the forecast period. The OEM channel has a growing need for farm tires for newly developed agriculture vehicles like harvesters and tractors. In a developed nation the demand for these vehicles increases due to farmers like to afford the high price of farm equipment that makes it easier to farm large areas and land.

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North America is estimated to hold the highest share of the agricultural tire market over the predicted timeframe.

North America is estimated to hold the highest share of the agricultural tire market over the predicted timeframe. To effectively meet consumer replacement needs, well-known tire manufacturers like Bridgestone, Michelin, and Titan have established robust retail networks and supply chains in remote areas. Additionally, the region is a sought-after market for compact load tractors and harvesting vehicles, which require premium tire types suitable for hard field labor.

Asia Pacific is anticipated to grow at the fastest CAGR growth of the agricultural tire market during the forecast period. For difficult grain-collecting jobs, operators prefer tailored tire fittings with state-of-the-art rubber compositions. As the middle class grows and has greater access to loans for machinery, more smallholder farmers are modernizing their fleets of cars.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the agricultural tire market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.Major vendors in Global Agricultural Tire Market are Bridgestone, Continental AG, Pirelli, Titan International Inc., Trelleborg AB, Balkrishna Industries Limited (BKT), Sumitomo Rubber Industries Ltd., Yokohama Rubber Company Ltd., Mitas, Alliance Tire Group, CEAT Ltd., Maxam Tire International Ltd., Nokian Tyres, JK Tyre & Industries Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In July 2024, Trelleborg Tire stakes its future on expansion by securing a deal with John Deere. With a growth strategy in place, the company intends to expand into more than 300 John Deere dealerships throughout Brazil. This new partnership was officially signed at Agrishow 2024 and will begin in July. Brazilian farmers will have access to John Deere’s vast product portfolio, which includes more than 700 items, starting this month. The company’s after-sales department will also feature cutting-edge Trelleborg technology. The two presidents, who were previously partners on a global scale, enhanced their regional partnership with this economic agreement.

• In April 2024, Hercules Tire introduced the AG-TRAC F-2, a durable tire made for optimum performance on a range of agricultural terrains. For seamless operation in a range of agricultural applications, this tire offers the flotation, durability, and steering response needed. For 2WD Front Tractor wheel placements, it comes in two crucial 16″ sizes. The AG-TRAC F-2 is built to withstand the demands of agricultural operations and has a robust construction that ensures long-lasting performance. Its robust design offers superior traction and grip on a variety of surfaces, making it ideal for use in fields, pastures, and other agricultural environments.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the agricultural tire market based on the below-mentioned segments:

Global Agricultural Tire Market, By Application

• Combine Harvesters
• Tractors
• Sprayers
• Trailers
• Loaders
• Others

Global Agricultural Tire Market, By Distribution Channel

• Aftermarket
• OEM

Global Agricultural Tire Market, By Offering

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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