Farm Tire Market Size, Share & Trends Report

Farm Tire Market Size, Share & Trends Analysis Report By Product (Bias, Radial), By Application (Tractors, Harvesters), By Distribution (OEM, Aftermarket), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Nov, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-707-0
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 145

Industry Insights

The global farm tire market size was estimated at USD 4.80 billion in 2017 and is expected to register a CAGR of 4.8% over the forecast period. Increasing need to bridge demand-supply gap of agricultural produce has resulted in demand for automation in farming activities. This is likely to drive the market for agricultural vehicles and tires over the forecast period.

The market has been witnessing growth on account of consumer awareness pertaining to benefits associated with advanced agricultural equipment such as seed sowers, plows, sprayers, and spreaders. In addition, shortage of labor owing to shifting preference toward the service sector is expected to complement industry growth.

U.S. farm tire market

Adoption of advanced technologies by farmers to increase agricultural yield as well as meet soaring food demand is projected to be a key factor driving the market. Tractor sales have been witnessing substantial growth over the past few years owing to rising demand for technological upgradation. This is likely to have a positive impact on market growth.

Regulations applicable to the industry are aimed at production of high-quality products using the latest technologies. In addition, the adoption rate of advanced agricultural equipment is high in some regions owing to shrinking cultivable land and intensive urbanization. This is also likely to drive product demand.

Expanding regional scope of agricultural vehicle manufacturers, coupled with rising demand for higher yield, is expected to drive demand for farm tires. Furthermore, increasing demand for agricultural vehicles in emerging economies and favorable trade policies regarding the same will benefit market growth.

Government support toward sustainable farming practices in some countries is aimed at reducing harmful environmental impacts of various agricultural practices, which includes use of certain agricultural vehicles. This could limit the demand for farm tires over the forecast period.

Product Insights

The bias product segment is expected to register a CAGR of 4.9% in terms of revenue on account of rising product demand in developing countries. This can be attributed to its low cost and high performance efficiency in off-the-road (OTR) applications such as agriculture, earthmoving, mining, and construction.

The segment is also expected to be driven on account of the crosshatch construction of plies, which reduces wear and tear of the product. In addition, use of nylon-based plies and their overlapping design aids in imparting improved rigidity to tires, driving demand for bias technology in farming activities.

The radial segment accounted for 36.7% of the revenue in 2017 owing to improved puncture resistance offered by rubber-coated steel belts used in the tires. In addition, the running temperature of radial tires is lower than its counterpart as the structure of radial technology reduces rolling resistance.

Introduction of improved bias tires with increased puncture resistance is likely to propel product demand in emerging economies of Asia Pacific and Middle East and Africa. However, low spending ability of farmers in major agrarian economies is expected to hamper demand for vehicles, thereby restraining product demand over the forecast period.

Application Insights

Tractors accounted for 62.9% of the revenue in 2017 on account of its increasing penetration in various farming activities. Weak financial capability of farmers has compelled them to invest in a single vehicle that can perform multiple tasks and improve turnaround time. This is likely to drive product demand in tractors over the forecast period.

The segment is expected to witness rapid growth owing to new product development and multiple variants of the vehicle available in the market to suit specific requirements of various farming processes. In addition, use of tractors with multiple farming equipment is expected to drive product demand in the application segment.

Global farm tire market

The harvesters segment is expected to register a CAGR of 4.7% in terms of revenue from 2018 to 2025, owing to introduction of several types of harvesters to suit specific farming needs, such as subsistence and commercial farming. In addition, introduction of harvesters for damage-sensitive crops is likely to drive demand for harvester tires over the forecast period.

Other farming applications include planters, balers, hay and forage vehicles, and agricultural trailers. This segment is expected to witness moderate growth, fueled by need to lower turnaround time of farming activities. Use of trailers in transportation of agricultural produce is expected to drive demand for tires in other vehicles.

Distribution Insights

The aftermarket distribution channel accounted for 66.4% of the overall market in 2017 in terms of revenue. This is owing to rising and recurrent need to replace older tires with new and improved ones. In addition, sale of new agricultural vehicles is relatively lower, owing to which product demand through the aftermarket channel is high.

The farm tire market through the OEM channel is fueled by demand for new agricultural vehicles such as tractors and harvesters. Demand for these vehicles is high in developed economies as farmers exhibit greater affordability for advanced and expensive equipment to aid in farming activities.

Penetration of bias OEM tires is witnessing sluggish growth as they are being replaced with radial tires with high-performance characteristics. Farm tires used in tractors, combine harvesters, and other agricultural equipment have a short lifespan and need to be replaced every three to five years, based on the extent of their usage in agriculture fields.

Increasing awareness among owners of tractors, harvesters, trailers, and other farming equipment regarding low shelf life of traditional bias tires is expected to drive demand for radial tires in the aftermarket.

Regional Insights

The market in North America is anticipated to exhibit a revenue-based CAGR of 4.6% during the forecast period. The region has been the forefront in terms of evolution and change in the agriculture industry, aiding the growth for modern-day integrated farming activities. Upgradation in farming equipment is likely to propel demand for farm tires in the region.

Europe is the third-largest region in terms of volume as well as revenue. Demand for farm tires in the region is spearheaded by increasing demand in countries such as Germany, Turkey, and France, where consumption of agricultural vehicles is high. However, the market in Europe is projected to grow at a moderate pace owing to economic slowdown in several countries.

The Asia Pacific market is estimated to expand at a volume-based CAGR of 5.8% from 2018 to 2025 owing to high growth in agricultural activities in major economies. In addition, the presence of major tire and tractor manufacturers in China and India is anticipated to fuel the market over the forecast period.

Central and South America is a prominent agricultural market and accounts for around 10.0% of the global agrarian product export. The region has been witnessing growth over the past decade owing to introduction of new technologies and conversion of barren and unusable land into productive farms.

Farm Tire Market Share Insights

Major players have been focusing on increasing the number of manufacturing facilities in developing economies of Asia Pacific owing to availability of raw materials. In addition, companies have been investing heavily in research and development activities to develop new and innovative products and manufacturing technologies.

Companies involved in the industry manufacture a wide variety of products for specific farming activities. Local players focus majorly on their specific strengths and retain their customers by providing customized services to tractor and harvester manufacturers. However, major players focus on offering a wide variety of products to expand their consumer base.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in thousand units, revenue in USD million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, France, Germany, Italy, Russia, Turkey, UK, China, India, Japan, Brazil, South Africa

Report coverage

Volume and revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global farm tire market on the basis of product, application, distribution, and region:

  • Farm Tire Product Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2025)

    • Bias tires

    • Radial tires

  • Farm Tire Application Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2025)

    • Tractors

    • Harvesters

    • Others

  • Farm Tire Distribution Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2025)

    • OEM

    • Aftermarket

  • Farm Tire Regional Outlook (Volume, Thousand Units; Revenue, USD Million; 2014 - 2025)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • France

      • Germany

      • Italy

      • Russia

      • Turkey

      • UK

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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