Agriculture Tractor Tires Market Size & Growth (2022–2030)

The Global Agriculture Tractor Tires Market was at US$ 3,116 million in 2022, and it is foreseen to reach US$ 4,464 million by 2030 with an expansion rate (CAGR) of 4.80% between 2022 and 2030.

Agriculture tractor is used for harvesting different variety of crops in farming. One of its main components is tires. Tires are manufactured by companies associated with rubber materials production. The main constituents of tires are carbon black, synthetic rubber, natural rubber, silica, steel, nylon, chemicals and others. The agriculture tractor tires vary in dimension and are use in Agriculture operation. Agriculture tractor is an essential machinery for farming as it is more convenient to work with, time saving, better yield productivity and efficient.  

Market Growth

The agriculture Tractor tires market is anticipated to increase globally. Increase in demand for newly developed tires for tractors by farmers is contributing to growth. Agriculture tractor has an easy mode of operation compared to other farming machinery. Government and private companies are providing tax relaxation for purchasing of Agriculture tractors and tires. Agriculture tractor remains one of the most used machinery in farming by its agriculture users worldwide. 

Market Drivers & Restraints

Drivers 

The world population is increasing and accordingly demand in agriculture industry is rising. This increase of demand in Agriculture industry is boosting the sales of Agriculture tractor tires. Land areas for farming in countries like India, China and Brazil is available with high good quality soil and land forms such as plains, plateau and etc. Agriculture sector is a potential income generating sector for development of a country like India. In India’s national GDP (Gross Domestic product), agriculture sector is considered to be a major supplier. In Europe and North America there is an opportunity for agriculture industry as it has large number of land consolidation related to farming. Local government are providing subsidies to farmers in agriculture sector which is increasing a rise in demand for Agriculture tractor tires industry. Tractor other than its farming uses it is also used as mode of transportation and logistics supply. Farmers are more comfortable with use of tractors as they use it daily for farming. This factor is also an advantage for Agriculture Tractor tires market. Many Corporate companies and private companies are also indulging in farming business. Organic food companies are indulging farmers with specialized training in farming to obtain better yield. Tires for agriculture tractors are engineering accordingly to type of landform it is used. It provides for better grip to tires and foreign material ejection from tires. Wider and agriculture tires are in more demand globally for Agriculture tractor tires market, as it provides better grip and carries heavy load.   

Restraints

Farmers in countries like India, African region are not highly educated. The technicalities associated with use of agriculture tires are hindering the purchase of agriculture tractor tires. Local government are hiring professional to educate and make farmer more aware with technicalities related to agriculture tractor tires. Tractor mostly runs of fossil fuels like petrol, diesel, gasoline, etc. These fuels are not cheap but are rather increasing in price. Such reasons back out farmers from agriculture industry.  

AGRICULTURE TRACTOR TIRES MARKET REPORT COVERAGE

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Market Segmentation Analysis

Food is the source of satisfying human growth and well-being. Food is totally dependent on Agriculture sector, so if Agriculture sector has any complications, it will directly influence the Food industry. Agriculture sector in historical times was manually done by farmers and labors. In modern times with advancement in technology many engineered and advanced machinery is available in global market for farmers. One such machinery or tool for farming is Tractor. This global report on agriculture tractor tires market is segmented and sub-segmented into the following categories:

Agriculture Tractor Tires Market - By Type

• Bias-Ply Tires/ Cross-Ply Tires
• Radial Tires

In global market of Agriculture Tractor Tires, Radial-ply tires are in more demand. It is because Radial-ply tires are more advanced in terms of technology, related to its production or manufacturing. Also, it is most recently developed item, in tires market as compared to Cross-ply tires.

Agriculture Tractor Tires Market - By Distribution

• OEM Tires
• Replacement Tires 

OEM tires are more expensive in terms of cost as compared to replacement tires in Agriculture tractor tires market in Asia-Pacific region. Replacement tires are more in demand by farmers and labors of agriculture sector in countries like India.

Agriculture Tractor Tires Market - By Operation 

• Tractor
• Combine Harvesters 

Globally tractor is in more demand by users related to agriculture industry as it can be operated easily as compared to combine harvesters.

Agriculture Tractor Tires Market - By Wheel Width

• Small Size Tires
• Large Size Tires
• Sprayers
• Loaders
• Others

Depending on the size of tractor used by farmers or its operators the dimension of wheel varies. Depending upon factors like type of crop farming, area of farm land, climate, soil type, etc., agriculture experts recommend different dimension of tires for tractors being used.

Agriculture Tractor Tires Market - By Landforms

• Plains
• Plateau
• Mountain Range
• Others

Area of farming or land is different in every place on earth. Each landform is unique in farming condition for different crops and in terms use of machinery like tractors. 

Impact of COVID-19 on the Agriculture Tractor Tires Market

Globally Covid-19 has put up with lot of struggle and hassles for Agriculture Tractor Tires Market. To prevent the outbreak of epidemic many countries have issued and taken several harsh steps which is in return effecting both supply and demand of Agriculture Tractor Tires industry. Lockdowns have made factories shut down temporarily which produced or manufactured Agriculture tractor components like tires, exhaust, engine, body, motor and etc. General public or people are stopped from going outside certain premises in large groups which is affecting the manufacturing and supply of tires associated with Agriculture tractors. This factor is proportionately tumbling the demand of Agriculture tractor from its users’ point of view. But every crisis produces and opportunity where the lockdowns imposed are removed in a phased and systematically manner. This in ensuring a glimmer of hope for Agriculture Tractor tires industry. Where many associated press releases predict that Agriculture tractor tires industry will be back up in coming time. 

Regional Analysis

Asia-Pacific region hold the majority of shares in the Agriculture Tractor Tires Market. Countries like India and China constitute more than one third of world population. The plantation of rubber farming is majorly seen in countries located in Asia-Pacific region, comprising of Thailand, Indonesia, Vietnam and India. 

North America region is anticipated to flourish further in Agriculture Tractor Tires market. Canada and America registered an increase in income generated from Agriculture sector, according to local and international press releases. This reason is demanding more engineered machinery like agriculture tractors for farmers. 

Europe has an opportunity to grow further in Agriculture sector as it constitutes of more land consolidation, associated with farming. 

Top Leading Companies

Major contributors to the global Agriculture Tractor Tires Market include Sumitomo (Japan), Titan International Inc. (U.S.A.), JK Tyres (India), Bridgestone (Japan), Alliance Tire Group (India), Michelin (France), CEAT (India), Balkrishna Industries Limited (India), Pirelli (Italy) and Trelleborg Wheel Systems.