Global Farm Tire Market

Posted 15 Jan-2020 03:34 PM by geeta | 13

Global Farm Tire Market was valued US$ 5.10 Bn in 2018 and is expected to reach US$ 7.80 Bn by 2026, at a CAGR of 6.2 % during a forecast period.


Global farm tire market is segmented into product, application, distribution channel, and region. In terms of product, the farm tire market is classified into bias tires and radial tires. Based on application, the farm tire market is segregated into tractors, harvesters, and others. On the basis of distribution channel, the farm tire market is categorized into OEM and aftermarket. Based on regions, the global farm tire market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.


The major factor driving the growth of the global farm tire market is the ever increasing grow population. Increase in population has only led to rise in demand for agricultural products. Adoption of advanced technologies by farmers to rise agricultural yield as well as meet soaring food demand is estimated to be a key factor driving the market. Tractor sales have been witnessing substantial growth over the past few years owing to increasing demand for technological up gradation. This is a positive impact on market growth.

Global Farm Tire Market by Product


Global Farm Tire Market by Product


Government support toward sustainable farming practices in some countries is aimed at reducing harmful environmental impacts of different agricultural practices, which includes use of certain agricultural vehicles. This could limit the demand for farm tires over the forecast period. Also, weather dependency of farm activities and commodity price volatility are some other major factors restraining the market growth.


The bias product segment is anticipated to be driven on account of crosshatch construction of plies, which reduces wear and tear of the product. The radial product segment accounted for 36.7% of the revenue in 2017 owing to developed puncture resistance offered by rubber-coated steel belts used in the tires. Moreover, the running temperature of radial tires is lower than its counterpart as the structure of radial technology reduces rolling resistance.

Tractors is anticipated 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. Furthermore, use of tractors with multiple farming equipment is anticipated to drive product demand in the application segment.


Aftermarket is owing to rising and recurrent need to replace older tires with new and developed ones. Moreover, 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 fuelled by demand for new agricultural vehicles such as tractors and harvesters.


In terms of region, Europe is anticipated to be the largest market for farm tires followed by North America and Asia Pacific. Asia Pacific is estimated to be the fastest growing market for farm tires due to presence of established end user industries.


Some of the key players in the farm tire market are Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Company, Michelin, Mitas Tires Global Inc., TBC Corp., Titan International, Sumitomo Rubber Industries Ltd., and Pirelli & C. S.P.A.

For More Information Visit @:

Scope of the Global Farm Tire Market


Global Farm Tire Market by Product


• Bias tires

• Radial tires

Global Farm Tire Market by Application


• Tractors

• Harvesters

• Others

Global Farm Tire Market by Distribution Channel



• Aftermarket

Global Farm Tire Market by Geography


• North America

• Europe

• Middle East & Africa

• Asia Pacific

• Latin America

Key players in the Global Farm Tire Market


• Balkrishna Industries Limited (BKT)

• Bridgestone Corporation

• Continental AG

• The Goodyear Tire & Rubber Company

• Michelin

• Mitas Tires Global Inc.

• TBC Corp.

• Titan International

• Sumitomo Rubber Industries Ltd.

• Pirelli & C. S.P.A.

• Goodyear

• Camso

• Apollo Tires

• Trelleborg Wheel Systems

• Armour Tyres

• Firestone


 This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.


About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage


Email: [email protected]

Address:  Pune, Maharashtra 411051, India.

Contact: +919607195908

Company Information

Company Name Contact Person Contact Number Email Id Website
Maximize Market Research Pvt Ltd geeta narwade 9607065656 [email protected]

Latest News

Cleaning Supplies For Businesses: What You Need to Know Excluive

Looking for cleaning supplies for your business online, it can be hard to determine what provider to use. There are some characteristics of companies ...Read More

Discovery Map's Sam and Ann Douglass celebrate 25 years of Making Maps, Friends and Memories Excluive

Laconia, NH, Camden, ME, Rockland, ME, Hampton Beach, NH, Kennebunkport, ME, Wells, ME, York, ME, Ogunquit, ME, and Waitsfield, VT, Feb 15, 2020 -- In...Read More

Boost your sales by Choosing the Best ecommerce seller support service Excluive

When all is said in done, online business is characterized as the offer of items and services utilizing system associations gave by the web, including...Read More

Choose Rhino Pressure Cleaning for your High Pressure Cleaning Roof Tiles Excluive

If you are looking for services which would help you in maintaining your home and your commercial space without doing anything, then going for Rhino...Read More

Warm, Wet Winter Means More Bugs. Go-Forth Pest Control Anticipates Heavier Insect Pressure this Spring Excluive

Go-Forth Pest Control anticipates heavier insect pressure this Spring. This winter has been especially warm and wet. This means homeowners should be p...Read More

Altius Technologies Ready to Network at Digital 1to1 Barcelona Excluive

What would be a better opportunity to connect with industry experts than getting a chance to interact with them on a personalized one-on-one level? Th...Read More

Gong Cha Announces A New Store In Brooklyn With 15% Off On All Purchases Excluive

New York, USA - The long wait is finally over. Gong Cha, manufacturer of the best bubble tea in the world, is opening a new franchise in Brooklyn, New...Read More

StoneFly Announced Disruption-Free Live VMware VM Migration DTDs Excluive

StoneFly, Inc. the original innovator of the iSCSI protocol and a recognized leader in the data storage, hyperconverged, and backup and disaster rec...Read More

Agadir, An Integrated Economic Hub and Locomotive for the Entire Region Excluive

In the framework of the Industrial Acceleration Plan launched in 2018, the King of Morocco inaugurated the City of Innovation and launched the Agadir ...Read More

US Capital Global Business Credit Income Fund Launches Capital Raise in Fourth Year of Performance Excluive

Private investment fund providing direct loans to highly promising businesses publishes performance figures over the past three years and initiates ca...Read More

Gong Cha Grand Opening Of Lotte Plaza Market Store Excluive

New York, USA - Gong Cha, the best bubble tea manufacturer in the United States and all over the world has now opened a new franchise in the Lotte pla...Read More

Buy Branded Food From Online Grocery Shopping Site Basketor in Faridabad Excluive

Faridabad,Haryana,India – February 11, 2020 Basketor have collection of three thousand imported products from US, UK, Thailand, Taiwan and West ...Read More

How to Combat Dead Skin Issues During Winter Excluive

Winter is a time when the health of our skin is tested. We often find ourselves itching and battling against dry and dead skin that causes irritation....Read More

Angelo Sferrazza Talks About Why In the Year 2020 is a Good Time to Start a Business Excluive

With the corona-virus affecting a lot of the stocks in the stock market this makes a good opportunity to get good deals on buying businesses.Cincinnat...Read More

Altius Technologies Ready to Attend the Big Show Muscat 2020 Excluive

The Big Show Muscat 2020 is a large platform specially organized for networking of global leaders from the building and real estate industry. This is ...Read More

Cannabis Therapy South Africa Launches in Europe and America Excluive

Cannabis Therapy South Africa an established medical cannabis supplier  recently announced that their products are now available in Europe and Am...Read More

Learn to Be an Advocate and Recreate Your Privacy Excluive

KIRKLAND, Wash. – Spiders may be as common as grass, but according to Sheila Dean, we shouldn’t overlook them. Spiders are courageous, tenacious a...Read More

Boost your e-commerce sales revenue at Exclusively Electricals Trade Show 2020 Excluive

Exclusively Electrical Trade Show 2020 brings key suppliers of Electricals & Electronics together to attract buyers from all sectors of the small ...Read More

ChainUP Japan Joins Japan Cryptocurrency Business Association (JCBA) Excluive

Singapore, Feb 06, 2020 -- ChainUP Japan Corporation (ChainUP Japan Co., Ltd. Roppongi, Minato-ku, Tokyo) is pleased to announce that it has officiall...Read More

Corono Virus Epidemic Control Hackathon Competition at Thomas Edison Energy Smart Charter School Excluive

Hackathon competition to find innovative solutions for controlling epidemics like Coronaviruses, SARS, MERS, Ebola, and Zika organized by Somerset, NJ...Read More

IVF Treatment Center in Chennai Excluive

In vitro fertilization, most commonly known as IVF is the process of fertilization where the egg is combined with the sperm in an external environm...Read More

Recent Releases