Top Farm Tire Companies

Farm Tire Market size was valued at USD 8.86 Billion in 2024 and is poised to grow from USD 9.35 Billion in 2025 to USD 14.35 Billion by 2033, growing at a CAGR of 5.5% during the forecast period (2026–2033).

The market for agricultural tires will expand even more as a result of major market participants spending a lot on R&D to diversify their product offerings. Significant market changes include the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other businesses. Market participants are also engaging in a variety of strategic initiatives to increase their market share. 'Bridgestone Corporation (Japan)', 'Michelin (France) ', 'Titan International Inc. (US) ', 'Continental AG (Germany) ', 'BKT Tires (India) ', 'Trelleborg AB (Sweden) ', 'Nokian Tyres PLC (Finland) ', 'Pirelli & C SpA (Italy) ', 'Alliance Tire Group (India) ', 'Apollo Tyres Ltd. (India) ', 'Magna Tyres Group (Netherlands) ', 'CEAT Ltd. (India) ', 'JK Tyre & Industries Ltd. (India) ', 'MRF Limited (India) ', 'Yokohama Rubber Co., Ltd. (Japan) ', 'Sumitomo Rubber Industries, Ltd. (Japan) ', 'Goodyear Tire & Rubber Company (US) ', 'Cooper Tire & Rubber Company (US) ', 'Cheng Shin Rubber Ind. Co., Ltd. (Taiwan) ', 'Maxxis International Co., Ltd. (Taiwan)'

The trend of agricultural mechanization is on the rise globally, with farmers adopting advanced machinery and equipment for efficient farm operations. Farm tires play a crucial role in supporting the heavy loads and providing traction for agricultural machinery such as tractors, combines, harvesters, and sprayers. The growing mechanization in agriculture is driving the demand for farm tires.

Increasing Demand for Radial Tires: There is a growing preference for radial tires in the farm tire market. Radial tires offer several advantages over bias-ply tires, including better traction, reduced soil compaction, improved ride comfort, and increased fuel efficiency. Farmers are increasingly recognizing the benefits of radial tires, leading to a shift in demand from bias-ply to radial tires in the agricultural sector.

With a 42.8% revenue share in 2022, the Asia Pacific region's market dominated the global market. This is ascribed to elements including population growth, middle-class population income growth, and the quick industrialization and urbanization of the people. The expansion of the farm tire sector is also anticipated to be aided by the presence of both small and large-scale manufacturers in the area.