Market Size of Agricultural Tires Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.57 Billion |
| Market Size (2029) | USD 8.88 Billion |
| CAGR (2024 - 2029) | > 5.13 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Americas |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Agricultural Tires Market Analysis
The Agricultural Tires Market size is estimated at USD 6.57 billion in 2024, and is expected to reach USD 8.88 billion by 2029, growing at a CAGR of greater than 5.13% during the forecast period (2024-2029).
The rise in demand for efficient and productive agricultural machinery end-products, especially among developed nations, drives the agriculture tires market. After China, Germany is the second-largest exporter and manufacturer of agricultural tires.
The demand for farm products from expanding populations and technological advancements in agricultural equipment are the primary factors propelling the market growth.
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 may require tires with newer and stronger rubber compounds. Floatation tires, forestry tires, trailer tires, and compound rubber tires with steel flex walls are the trending tires in the agricultural tires market.
