Global Farm Tire Market Size & Outlook, 2022-2030
Global farm tire market, 2018-2030 (US$M)
Related Markets
Global farm tire market highlights
- The global farm tire market generated a revenue of USD 7,686.1 million in 2022 and is expected to reach USD 11,801.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.5% by 2030.
- In terms of segment, bias accounted for a revenue of USD 4,426.0 million in 2022.
- Bias is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 7,686.1 million |
| Market revenue in 2030 | USD 11,801.4 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Bias |
| Fastest growing segment | Bias |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bias, Radial |
Other key industry trends
- In terms of revenue, the North America accounted for 19.8% of the global farm tire market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,485.3 million by 2030.
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Farm Tire Market Scope
Farm Tire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global farm tire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to farm tire market will help companies and investors design strategic landscapes.
Bias was the largest segment with a revenue share of 57.58% in 2022. Horizon Databook has segmented the Global farm tire market based on bias, radial covering the revenue growth of each sub-segment from 2018 to 2030.
The equipment used in agricultural sector in farms include agricultural vehicles planting equipment (row crop planters, air seeders, grain drills, and other seeding machines), spraying equipment (dung & compost spreaders, fertilizer spreaders, liquid manure cisterns, and power spray), and irrigation crop processing equipment (drip irrigation equipment and sprinkler irrigation equipment).
Other equipment used in farms include hay and forage equipment such as mowers, tedder, rakes, and balers, implements, attachments, material handling equipment such as loaders, containers, trailers, semi-trailers, conveyors, bins, cisterns tanks, and sweeping equipment; and cultivation equipment such as plows and cultivators.
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Our clientele includes a mix of farm tire market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global farm tire market , including forecasts for subscribers. This global databook contains high-level insights into Global farm tire market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global farm tire market size, by regions, 2018-2030 (US$M)
Top 10 countries: Farm tire market size, 2022 (US$M)
Global farm tire market share, by product, 2022 & 2030 (%, US$M)
Farm tire market: Opportunity assessment by country
Global farm tire market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,298.7 | 1,379.3 | 1,386.6 | 1,460.1 | 1,523.9 | 1,589.6 | 1,658.0 | 1,728.8 | 1,802.8 | 1,880.4 | 1,961.9 | 3,119.7 | 2,140.0 | 4.3% |
| Europe | 1,614.7 | 1,629.8 | 1,616.3 | 1,637.0 | 1,673.5 | 1,727.1 | 1,790.5 | 1,864.7 | 1,948.2 | 2,041.9 | 2,147.1 | 2,265.3 | 2,398.1 | 4.6% |
| Asia Pacific | 2,779.1 | 2,936.8 | 2,937.9 | 3,112.4 | 3,293.3 | 3,488.6 | 3,702.4 | 3,936.5 | 4,193.0 | 4,474.5 | 4,783.5 | 6,148.5 | 5,496.7 | 6.6% |
| Latin America | 650.9 | 666.5 | 665.5 | 687.6 | 714.2 | 742.1 | 774.4 | 811.8 | 854.6 | 903.8 | 960.2 | 1,024.8 | 1,098.8 | 5.5% |
| MEA | 440.2 | 455.1 | 450.2 | 465.4 | 481.2 | 497.9 | 516.2 | 536.3 | 558.1 | 582.0 | 608.1 | 636.6 | 667.7 | 4.2% |
| Overall | 6,783.6 | 7,067.5 | 7,056.6 | 7,362.6 | 7,686.1 | 8,045.3 | 8,441.5 | 8,878.0 | 9,356.8 | 9,882.5 | 10,460.8 | 13,194.7 | 11,801.4 | 5.5% |
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