Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders and others), By Distribution (OEM and Aftermarket), By Countries (US, Canada and Rest of North America) and Competitive Landscape
Product Code: ETC000702 | Publication Date: Aug 2019 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Farm Tire Market has shown development in the industry over the years, companies are introducing new innovative technologies Continental has announced that its tire development engineers have managed to further reduce the rolling resistance properties of the brand’s EcoContact summer tire. Double-belted radial and non-directional irrigation tire are on the US market, and their manufacturer claims the double-belt design provides a higher level of durability when manoeuvrings through or over field hazards, while also increasing overall stability. The new Braven Bloodaxe R/T tire features an aggressive tread pattern and tracks straight and smooth on asphalt and dirt roads.
Report Name | North America Farm Tire Market |
Forecast period | 2025-2031 |
CAGR | 5.3% |
Growing Sector | Agriculture |
North America Farm Tire Market report thoroughly covers the market by Types, Vehicle Types, Distribution, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Farm Tire Market is experiencing steady growth, driven by advancements in the agricultural sector and increasing mechanization. This market growth is propelled by the rising demand for high-performance tires in farming equipment.
According to 6Wresearch, the North America Farm Tire Market is projected to grow at a CAGR of 5.3% from 2025-2031. The surge in demand for agricultural machinery such as tractors, harvesters, and sprayers is a primary driver. Farmers are increasingly adopting modern equipment to enhance productivity and efficiency, thereby boosting the demand for farm tires. Additionally, the growing trend towards precision farming is fueling the need for durable and reliable tires.
Despite the positive outlook, the market faces several challenges. Fluctuating raw material prices and the high cost of advanced tires can impact market growth. Furthermore, environmental regulations and the need for sustainable practices pose challenges for manufacturers in terms of production and disposal.
Key players in the North America Farm Tire Market include Bridgestone Corporation, Michelin, and Goodyear Tire & Rubber Company. Bridgestone Corporation is known for its extensive range of high-quality farm tires, designed to enhance agricultural productivity. Michelin focuses on innovation and sustainability, offering tires that provide superior performance and durability. Goodyear Tire & Rubber Company is renowned for its robust distribution network and advanced tire technologies that cater to various farming needs.
Government initiatives in North America are significantly influencing the farm tire market. Programs aimed at supporting the agricultural sector and promoting sustainable farming practices are driving the demand for advanced farm tires. Furthermore, subsidies and grants for purchasing agricultural machinery are encouraging farmers to invest in modern equipment, thereby boosting market growth. Government policies focused on enhancing farm productivity and efficiency are also contributing to the increased adoption of high-performance tires.
The North America Farm Tire Market is expected to witness significant growth in the coming years, driven by the adoption of modern agricultural practices and advanced farming equipment. The focus on improving agricultural efficiency and productivity will continue to drive demand for high-quality farm tires. Technological advancements in tire manufacturing, such as the development of durable and eco-friendly materials, are expected to further boost market growth. Additionally, the increasing trend towards precision farming and the use of automated machinery will enhance the demand for specialized tires, ensuring a positive market outlook.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States is currently leading the market. This dominance is attributed to the extensive use of advanced agricultural machinery and the presence of key market players in the country.
Radial tires are currently leading the market. This dominance is due to their superior performance, longer lifespan, and better fuel efficiency compared to bias tires.
Tractors are the most dominant vehicle type in the farm tire market. This can be attributed to the widespread use of tractors in various farming activities, driving the demand for high-quality tires.
The aftermarket segment is leading in terms of distribution. This is due to the continuous need for tire replacements and the availability of a wide range of options in the aftermarket.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Farm Tire Market Market Overview |
3.1 North America Farm Tire Market Revenues & Volume, 2021-2031F |
3.2 North America Farm Tire Market Revenue Share, By Types, 2021 & 2031F |
3.3 North America Farm Tire Market Revenue Share, By Vehicle Types, 2021 & 2031F |
3.4 North America Farm Tire Market Revenue Share, By Distribution, 2021 & 2031F |
3.5 North America Farm Tire Market Revenue Share, By Country, 2021 & 2031F |
3.6 North America Farm Tire Market Industry Life Cycle |
3.7 North America Farm Tire Market- Porter’s Five Forces, 2023 |
4 North America Farm Tire Market Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Farm Tire Market Market Trends |
6 North America Farm Tire Market Overview, By Types |
6.1 North America Bias Farm Tire Market Revenues & Volume, 2021-2031F |
6.2 North America Radial Farm Tire Market Revenues & Volume, 2021-2031F |
7 North America Farm Tire Market Overview, By Distribution |
7.1 North America OEM Farm Tire Market Revenues & Volume, 2021-2031F |
7.2 North America Aftermarket Farm Tire Market Revenues & Volume, 2021-2031F |
8 North America Farm Tire Market Overview, By Vehicle Types |
8.1 North America Tractor Tire Market Revenues & Volume, 2021-2031F |
8.2 North America Harvester Tire Market Revenues & Volume, 2021-2031F |
8.3 North America Sprayer Tire Market Revenues & Volume, 2021-2031F |
8.4 North America Trailers Tire Market Revenues & Volume, 2021-2031F |
8.5 North America Loaders Tire Market Revenues & Volume, 2021-2031F |
8.6 North America Other Farm Tire Market Revenues & Volume, 2021-2031F |
9 US Farm Tire Market Market Overview |
9.1 US Farm Tire Market Market Revenues & Volume, 2021-2031F |
9.2 US Farm Tire Market Revenues & Volume, By Types, 2021-2031F |
9.3 US Farm Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
9.4 US Farm Tire Market Revenues & Volume, By Distribution, 2021-2031F |
10 Canada Farm Tire Market Market Overview |
10.1 Canada Farm Tire Market Market Revenues & Volume, 2021-2031F |
10.2 Canada Farm Tire Market Revenues & Volume, By Types, 2021-2031F |
10.3 Canada Farm Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
10.4 Canada Farm Tire Market Revenues & Volume, By Distribution, 2021-2031F |
11 Rest of North America Farm Tire Market Overview |
11.1 Rest of North America Farm Tire Market Revenues & Volume, 2021-2031F |
12 North America Farm Tire Market Market Opportunity Assessment, |
12.1 North America Farm Tire Market Opportunity Assessment, By Types, 2031F |
12.2 North America Farm Tire Market Opportunity Assessment, By Vehicle Types, 2031F |
12.3 North America Farm Tire Market Opportunity Assessment, By Distribution, 2031F |
12.4 North America Farm Tire Market Opportunity Assessment, By Country, 2031F |
13 North America Farm Tire Market Market Competitive Landscape |
13.1 North America Farm Tire Market Market Revenue Share, By Companies, 2023 |
13.1.1 US Farm Tire Market Market Share, By Companies, 2023 |
13.1.2 Canada Farm Tire Market Market Share, By Companies, 2023 |
13.2 North America Farm Tire Market Market Competitive Benchmarking, By Operating Parameters |
14 Company Profiles |
15 Strategic Recommendations |
16 Disclaimer |