Agricultural Tires Market - Growth, Trends, and Forecast (2020 - 2025)

The Agricultural Tires Market has been segmented by Sales Channel Type (OEM and Replacement/Aftermarket), Application Type (Tractors, Combine Harvesters, Self-Propelled Sprayers, Attachments/Implements), Construction Type (Bias Tires and Radial Tires), and Geography.

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific


4.5 %

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Market Overview

The agricultural tires market is expected to register a CAGR of over 4.5%, during the forecast period, 2020 - 2025.

  • Machinery usage in farming has increased significantly over the years, across all parts of the world. The introduction of internal combustion engines and tractors, as a power source, has revolutionized the agriculture sector, by covering large agricultural areas in a short span of time. Labor-saving technologies, like harvesters and tractors, have been adopted to expand farm operations. Additionally, increased liberalization rate has radically reinforced a structural evolution, resulting in increased adoption of advanced agricultural machinery tools in the agricultural operations.
  • Furthermore, rise in population, along with growing urbanization across the world, is driving the demand for food, which is expected to propel the agricultural activities, in turn, boosting the demand for tractor, globally, consequently influencing the tractor market growth positively.
  • Combine harvester used for harvesting crops, has been in application in developed countries since decades. The developing countries, like Brazil, India, and China, have been fast adopting combine harvesters for reducing workload in farming activities.
  • The demand for heavy-duty tires with a higher load capacity, coupled with significant efficiency and traction, along with lower ground compaction, is one of the major needs that the tire market has to cater to, regarding agricultural machinery.
  • The agriculture tires aftermarket is highly fragmented and poses a high risk to OEMs in this field. Changing agriculture machinery design and increasing penetration into newer unknown terrain are expected to require tires with newer and stronger rubber compounds. Floatation tires, forestry tires, trailer tires, and compound rubber tire with steel flex walls are the trending tires in the agricultural tires market.

Scope of the Report

The agricultural tires market has been segmented by sales channel type, application type, construction type, and by geography.

Sales Channel Type
Application Type
Combine Harvesters
Self-Propelled Sprayers
Construction Type
Bias Tires
Radial Tires
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Rest of the World
South Africa
Other Countries

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Key Market Trends

Increasing Demand for Replacement Tires

In case of OEM tires, after the warranty expiration, it is difficult for farmers to buy the same tires, due to the high price associated with these tires. As a result, the demand for replacement/aftermarket agricultural tires is continually increasing, as they are cost-effective, when compared to OEM tires, and there are numerous options available in the market (with products from different brands).

Additionally, the price of replacement/aftermarket tires ranges from USD 150 to USD 400, while that of OEM tires would be around USD 800 to USD 1,500. And farmers can easily procure these tires through both online and offline sources.

  • The prices of these replacement tires may vary depending on either the quantity ordered/purchased or the sources that they are purchased from, i.e., online or retail stores.
  • The replacement/aftermarket agricultural tires occupy a volume of more than 55% of the market studied, while for OEM, it is 40%-45% of the market studied.

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Increasing Demand in the United States Despite Falling Farm Income

Farm tires sales in the United States and Canada, have witnessed moderate growth during the first quarter of 2019, and is expected to continue with the same pace, despite a decline in farm income. The growth is mainly driven by the sale of new agricultural machinery, especially the small compact farm tractors. Although the commodity prices remain flat, farmers are demanding replacement tires and new equipment.

During July 2019, the US tractor sales have decreased slightly as compared to the same period last year:

  • 4WD tractor sales decreased by 4.7%
  • 40 Hp - 100 Hp tractor sales grew by 4%

Other countries in the North American region witnessed sluggish growth in the sale of farm equipment. Although farm tractor sales in Canada increased by 1.7%, other machinery, such as 4WD tractors, which witnessed a decline of 13%, self-propelled combines, which witnessed a decline of 4%, and 40-100 HP tractor sales witnessed a decline of 3%, in sales.

Although there has been a decline in sales of farm equipment, the region is expected to witness healthy growth rates over the forecast period, as manufacturers continue to develop powerful tractors for increased flexion and low sidewall technology-based farm tires.

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Competitive Landscape

The major players in the agricultural tires market are Bridgestone Corporation (Firestone), Titan International Inc. (Goodyear Tires), BKT, Continental Reifen Deutschland GmbH, Michelin, among others.

Other companies in the industry include Carlisle Companies Incorp., Trelleborg Wheel Systems, McCreary Tire & Rubber Co. In order to maintain market dominance, the major companies are focusing on product upgradation and customization, to keep the overall product line, with robust offerings to the agricultural tires market.

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Table Of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Sales Channel Type

      1. 5.1.1 OEM

      2. 5.1.2 Replacement/Aftermarket

    2. 5.2 Application Type

      1. 5.2.1 Tractors

      2. 5.2.2 Combine Harvesters

      3. 5.2.3 Self-Propelled Sprayers

      4. 5.2.4 Attachments/Implements

    3. 5.3 Construction Type

      1. 5.3.1 Bias Tires

      2. 5.3.2 Radial Tires

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Italy

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. Brazil

        2. South Africa

        3. Other Countries


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Bridgestone Corp

      2. 6.2.2 Continental AG

      3. 6.2.3 Balakrishna Industries Limited

      4. 6.2.4 Titan International, Inc.

      5. 6.2.5 Trelleborg AB

      6. 6.2.6 Michelin

      7. 6.2.7 Nokian Tyres Oyj

      8. 6.2.8 Pirelli & C SpA (Prometeon Tyre Group)

      9. 6.2.9 Alliance Tire Group

  7. *List Not Exhaustive

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