Global Agricultural Tyres Market Size By Type (Bias Ply, Radial Ply), By Application (Tractor, Trailer), By Region, And Segment Forecasts, 2023 to 2032

The Global Agricultural Tyres Market was valued at USD 4.5 billion in 2023 and is expected to surpass USD 6.9 billion by 2031, registering a CAGR of 5.6% during the forecast period from 2023 to 2031. This growth is primarily driven by the increasing mechanization in agriculture, rising demand for efficient and high-performance agricultural machinery, and the advancements in tyre technologies aimed at reducing soil compaction and improving fuel efficiency. As modern farming methods expand, the role of specialized tyres that support heavy equipment with minimal ground disturbance is becoming essential.

Drivers

Growing Mechanization in Agriculture: The expansion of mechanized farming practices, particularly in developing regions, is significantly driving the demand for agricultural tyres. Farmers seek durable and efficient tyres for various machinery, such as tractors and combine harvesters, to increase productivity.

Technological Advancements in Tyres: Continuous innovation in tyre technology, such as radial and low-pressure tyres, enhances traction, reduces soil compaction, and boosts fuel efficiency. This focus on performance and sustainability is driving market growth.

Increased Demand for High-Performance Equipment: With the global push towards food security, there is a growing demand for robust agricultural machinery, which in turn fuels the need for high-quality tyres that can withstand challenging field conditions.

Restraints

High Cost of Advanced Tyres: Premium agricultural tyres, while more efficient and durable, come at a higher cost. This can be a barrier, particularly for small-scale farmers who may be unable to afford these products.

Environmental Concerns and Disposal Issues: The environmental impact of discarded tyres and the challenges associated with their disposal can hinder the market, particularly as regulatory bodies tighten restrictions on waste management.

Opportunity

Growing Demand in Emerging Economies: Rapid agricultural development in emerging markets presents significant growth opportunities. Governments in these regions are promoting mechanized farming to increase crop yields, creating a robust market for agricultural tyres.

Rise of Sustainable and Smart Tyres: With the adoption of sustainable practices, there is an emerging market for eco-friendly and smart tyres. These tyres not only offer reduced environmental impact but also incorporate technology for improved monitoring and longevity.

Market by System Type Insights

The Radial Tyres segment dominated the market in 2023 due to its superior benefits over bias-ply tyres, such as improved traction, lower fuel consumption, and longer lifespan. This segment is expected to maintain its dominance, driven by the demand for high-performance solutions that minimize soil disturbance.

Market by End-use Insights

The Tractor Tyres segment held the largest market share in 2023. As tractors are the most widely used agricultural machinery, this segment is anticipated to witness consistent growth during the forecast period. Enhanced performance characteristics of radial tyres for tractors further boost this segment's expansion.

Market by Regional Insights

Geographically, North America led the market in 2023 due to the extensive use of modern farming techniques and high adoption rates of advanced agricultural equipment. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, fueled by the increasing mechanization in agriculture, particularly in India and China.

Competitive Scenario

Key players in the Global Agricultural Tyres Market include Michelin, Bridgestone Corporation, Trelleborg AB, Titan International, Balkrishna Industries Ltd. (BKT), Mitas Tyres, Apollo Tyres Ltd., CEAT Ltd., and Goodyear Tire & Rubber Company. These companies are focusing on product innovations, expanding manufacturing capacities, and strategic partnerships to strengthen their market position. Notable developments include:

Michelin’s 2024 Launch: Introduction of the new AGRIBIB RC tyre series designed to enhance durability and minimize soil compaction.

Bridgestone’s Acquisition of a Digital Agri-Tyre Company: In 2023, Bridgestone acquired a technology firm focused on smart tyres, integrating IoT-based solutions to monitor and optimize tyre performance in real-time.

Scope of Work – Global Agricultural Tyres Market

Key Market Developments

Michelin: Launched the AGRIBIB RC tyres in 2024 to cater to high-performance needs in diverse field conditions, prioritizing fuel efficiency and reduced soil compaction.

Bridgestone: Completed the acquisition of an IoT-enabled smart tyre company in 2023, enhancing its digital solutions portfolio for agricultural applications.

Trelleborg AB: Partnered with a leading agriculture equipment manufacturer in 2025 to introduce co-branded, high-performance tyres for the Asia-Pacific market.

FAQs

What is the current market size of the Global Agricultural Tyres Market?

The market was valued at USD 4.5 billion in 2023.

What is the major growth driver of the Global Agricultural Tyres Market?

The primary driver is the growing mechanization in agriculture, especially in emerging markets.

Which region is expected to dominate the market during the forecast period?

North America led the market in 2023, but Asia-Pacific is anticipated to experience the highest growth rate through 2031.

Which segment accounted for the largest market share in the Global Agricultural Tyres Market?

The Tractor Tyres segment held the largest market share, driven by the widespread use of tractors in mechanized farming.

Who are the key market players in the Global Agricultural Tyres Market?

Key players include Michelin, Bridgestone Corporation, Trelleborg AB, Titan International, BKT, Mitas Tyres, Apollo Tyres Ltd., CEAT Ltd., and Goodyear Tire & Rubber Company.