North America Farm Tire Market Size & Outlook, 2024-2030
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North America farm tire market highlights
- The North America farm tire market generated a revenue of USD 1,523.9 million in 2022.
- The market is expected to grow at a CAGR of 4.3% from 2023 to 2030.
- In terms of segment, radial was the largest revenue generating product in 2022.
- Bias is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,523.9 million |
| Market revenue in 2030 | USD 2,140.0 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Radial |
| Fastest growing segment | Bias |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bias, Radial |
| Key market players worldwide | Bridgestone Corp, Continental AG, Compagnie Financiere Richemont SA Class A, Sumitomo Rubber Industries Ltd, Titan International Inc, Michelin, Carlisle Companies Inc, Yokohama Rubber Co Ltd, Trelleborg AB ADR |
Other key industry trends
- In terms of revenue, North America region accounted for 19.8% of the global farm tire market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,496.7 million by 2030.
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Farm Tire Market Scope
Farm Tire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hankook Tire | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hankooktire.com/ |
| The Carlstar Group | View profile | 1001-5000 | Franklin, Tennessee, United States, North America | http://www.carlstargroup.com |
| Alliance Tire Group | View profile | 1001-5000 | Wakefield, Massachusetts, United States, North America | http://atgtire.com |
| TBC Corporation | View profile | 1001-5000 | Palm Beach Gardens, Florida, United States, North America | http://www.tbccorp.com/ |
| Specialty Tires of America | View profile | 501-1000 | Indiana, Pennsylvania, United States, North America | https://www.stausaonline.com/ |
| Mitan | View profile | 1-10 | Sömmerda, Thuringen, Germany, Europe | http://www.mitan.de/ |
| Ceat Tyres Limited | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | http://www.ceat.com |
| Apollo Tyres | View profile | 10001+ | Gurgaon, Haryana, India, Asia | https://www.apollotyres.com/ |
| MRF | View profile | 10001+ | Chennai, Tamil Nadu, India, Asia | https://www.mrftyres.com/ |
| JK Tyre & Industries | View profile | 5001-10000 | New Delhi, Delhi, India, Asia | http://www.jktyre.com/ |
| Yokohama Rubber Co Ltd | View profile | 33617 | 36-11, Shimbashi 5-chome, Minato-ku, Tokyo, Japan, 105-8685 | https://www.y-yokohama.com |
| Compagnie Financiere Richemont SA Class A | View profile | 37117 | 50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, Switzerland, 1293 | https://www.richemont.com |
| Michelin | View profile | 125000 | 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, France, 63000 | https://www.michelin.com |
| Sumitomo Rubber Industries Ltd | View profile | 42997 | 3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, Japan, 651-0072 | http://www.srigroup.co.jp |
| Trelleborg AB ADR | View profile | 15646 | Johan Kocksgatan 10, P.O. Box 153, Trelleborg, Sweden, SE- 23122 | https://www.trelleborg.com |
| Titan International Inc | View profile | 6900 | 1525 Kautz Road, Suite 600, West Chicago, IL, United States, 60185 | https://www.titan-intl.com |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Carlisle Companies Inc | View profile | 11000 | 16430 North Scottsdale Road, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.carlisle.com |
| Bridgestone Corp | View profile | 125199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | http://www.bridgestone.co.jp |
North America farm tire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to farm tire market will help companies and investors design strategic landscapes.
Radial was the largest segment with a revenue share of 57.15% in 2024. Horizon Databook has segmented the North America farm tire market based on bias, radial covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of farm tire market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America farm tire market , including forecasts for subscribers. This continent databook contains high-level insights into North America farm tire market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America farm tire market size, by country, 2018-2030 (US$M)
North America Farm Tire Market Outlook Share, 2024 & 2030 (US$M)
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