Agricultural Machinery and Tires Market Size, Share, By Machine (Tractors, Ploughing and Cultivating Machinery, Planting Machinery, Irrigation Machinery and Harvesting Machinery, and Others), By Tire Construction (Bias Tires and Radial Tires), By Application (Tractors, Combine Harvesters, Sprayers, Trailers, Loaders, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Agricultural Machinery and Tires Market Size was valued at US$ 105.8 billion in 2024 and is projected to grow at a CAGR of 7.0% to reach US$ 196.0 billion by 2034.

Agriculture Machinery and tire equipment include a wide range of gear and instruments that aid in the execution of a variety of procedures aimed at improving production quality and volume. The benefits of using equipment include time savings, lower labor expenses, and the proper utilization of inputs to achieve desired output. The introduction of machinery has brought about significant improvements. The tires made especially for tractors, combine harvesters, and sprayers to operate effectively on agricultural terrain are known as agriculture tires. Farm tires have broader tread patterns and deeper tread depths to provide flotation and retain traction. Because agricultural tires have reduced air pressure, they provide improved terrain handling and less soil compaction.

Growing demand for harvesting equipment and farm tractors, which may be utilized for various tasks, including planting, harrowing, plowing, and tilling, is anticipated to support market expansion. The global Agriculture Machinery and tire equipment market is expanding due to growing knowledge of technology's role in agriculture to maximize productivity. There is more pressure to increase food production due to the growing global population, which is also increasing global food demand. There has been a noticeable increase in demand for agricultural machinery and agriculture in recent years as both sectors increase output efficiency. Other factors driving the farm machines and tires market include growing modernization and land depreciation.

Incorporating GPS systems, self-driven machines, and monitoring systems improves fuel efficiency and permits exact material utilization. Nonetheless, the effects of urbanization, such as land clearance for agriculture, the construction of companies and communities, and deforestation, may impact agricultural practices. The growth of the target market would be aided by the opportunity presented by the rising demand for agricultural vehicles in emerging nations and the favorable trade policies pertaining to them.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Agricultural Machinery and Tires Market Drivers:

Rising demand for increased agricultural output

• Farmers are under more pressure than ever to raise agricultural output and productivity due to the growing global population and rising food demand. Because of their many practical advantages, agricultural machinery and tires are essential to enabling increased farm output. Thanks to tires with enhanced features, including deeper tread patterns, greater surface areas, and the ability to handle heavier loads, farmers can plow deeper and move more crops on a single trip. For a variety of commodities, this helps raise the yield per acre.
• Improving grip and flotation for farming machinery and tires also lessens soil compaction. This promotes consistent high yields across several harvest seasons and helps maintain the quality of the agriculture. Farmers use high-performance machinery and tires more often to increase productivity per acre and fulfill the growing global need for food through domestic production. Global demand for agricultural machinery and tires is increased by emphasizing cutting-edge tire technology to increase agricultural output.

Agricultural Machinery and Tires Market Restrains:

The high price of commodities

• Because of shifting commodity prices and trade disputes, farmers have less disposable money than in the past, which limits their capacity to buy new tires and equipment regularly. Furthermore, tires suffer from tough field circumstances since they have to endure uneven ground, debris, and drastic temperature changes. Engineering issues come from maintaining traction in different soil and weather situations. Nonetheless, demand's seasonal and erratic nature makes large-scale production of tires and gear tailored to the agricultural industry problematic.

The Agricultural Machinery and Tires Market is segmented based on Machine, Tire Construction, Application and region:

Machine Insights:

• Tractors

Tractors are versatile workhorses employed in a wide range of applications. They play a vital role in the smooth running of farms, from tilling and plowing the land to sowing seeds, moving machinery, and supplying power for numerous attachments.

• Ploughing and Cultivating Machinery:

Plows, harrows, and cultivators are examples of machinery used in plowing and cultivating land to prepare it for planting. The kind of crops cultivated and farming techniques significantly impact the demand for the equipment.

• Planting Machinery:

Planting machinery refers to crop seedings and planting tools, such as transplanters, planters, and seed drills. This area is predicted to rise due to more attention being paid to effective planting techniques and precision farming.

• Irrigation Machinery and Harvesting Machinery:

These systems cover a circular field and are made of a revolving arm that supports sprinklers and drip tubes. They can effectively cover a huge area and work well in broad, level fields. They are perfect for water-scarce areas or high-value crops since they are water-efficient and reduce evaporation losses.

• Others:

This category includes various agricultural gear, such as balers, mowers, and other forestry equipment designed for specific uses and duties.

Among the segments mentioned above that dominated the market is the tractors segment due to their versatility and widespread use across various agricultural operations.

Tire Construction Insights:

• Bias Tires:

Tires with bias construction, sometimes called diagonal ply tires, have tread and sidewall made of many plies of fabric cords arranged at an angle. After that, these plies are combined and covered with rubber to create a sturdy framework.

• Radial Tires:

Compared to bias tires, radial tires have a more intricate internal structure. Rubber layers envelop steel belts that extend radially (from the rim outward) in the direction of the tread. High-strength steel is usually used to make these belts to give stability and longevity.

Among the segments mentioned above, the bias tyres segment dominates the market because of their lower cost, easy repair, and wide availability in the market.

Application Insights:

• Tractors: Tractors are multifunctional workhorses employed in a wide range of applications. They are necessary for effective agricultural operations and perform various tasks, including tilling and ploughing the land, sowing seeds, moving equipment, and powering numerous attachments.
• Combine Harvesters: The tires of combine harvester vehicles need to manage large loads while harvesting, have high field traction, and reduce soil compaction.
• Sprayers: Tires with strong flotation are needed for sprayers to reduce soil compaction and enable movement in fields.
• Trailers: To maximize fuel economy, trailer tires must have adequate rolling resistance and be strong enough to support large loads during transit.
• Loaders: To perform heavy lifting duties on farms, loaders need tires with strong grip and strength.
• Other: Tires for specialized farm equipment, such as mowers, cultivators, and planters, are included in this category.

Agricultural Machinery and Tires Market Regional Insights

• The North American market is estimated to witness a significantly high revenue share over the forecast period because of its well-established agricultural methods and widespread usage of cutting-edge machinery. Tight laws may impact the kind of tires utilized in this area.
• Asia Pacific market is estimated to witness largest revenue share because of the increased disposable income, rising food demand, and government programs supporting agricultural growth.
• Europe's market offers lucrative opportunities because of its emphasis on sustainable and efficient farming techniques. Developments in agricultural technology are anticipated to drive market growth.
• Latin America is expanding gradually due to the increasing agricultural activity, creating opportunities for the Agricultural Machinery and Tires Market.
• The Middle East and Africa market is an emerging market due to rising agricultural investments, which are anticipated to fuel market expansion going forward.

Agricultural Machinery and Tires Market Report Scope:

Attribute	Details
Market Size 2024	US$ 105.8 billion
Projected Market Size 2034	US$ 196.0 billion
CAGR Growth Rate	7.0%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Machine - Tractors, Ploughing and Cultivating Machinery, Planting Machinery, Irrigation Machinery and Harvesting Machinery, and Others. By Tire Construction - Bias Tires and Radial Tires. By Application - Tractors, Combine Harvesters, Sprayers, Trailers, Loaders, and Other.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Agricultural Machinery and Tires Market report based on Machine, Tire Construction, Application and region:

Agricultural Machinery and Tires Market, By Machine:

• Tractors, Ploughing and Cultivating Machinery
• Planting Machinery
• Irrigation Machinery and Harvesting Machinery
• Others

Agricultural Machinery and Tires Market, By Tire Construction:

• Bias Tires
• Radial Tires

Agricultural Machinery and Tires Market, By Application:

• Tractors
• Combine Harvesters
• Sprayers
• Trailers
• Loaders
• Other

Agricultural Machinery and Tires Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Agricultural Machinery and Tires Market include Bridgestone Corporation (Firestone), Titan International, Inc. (Goodyear Tires), BKT, Continental Reifen Deutschland GmbH, Michelin, Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra and Mahindra Ltd., and Kubota Corporation.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In March 2024, Bridgestone Americas (Bridgestone) announced the launch of Firestone Ag's enhanced Regency Plus bias tire lineup, which is designed to last for modern, hardworking farmers. The Regency Plus bias tire line expands and strengthens the portfolio from its original 15 sizes. It has a wide range of affordable options for various applications, including fronts and implements and solutions for utility, light construction, and lawn and garden equipment. Additionally, the line is supported by a five-year limited warranty from Firestone Ag.
• In October 2023, Continental expanded its agricultural tire offering, introducing new sizes for its TractorMaster and CompactMaster AG/EM categories. By offering bigger and more technologically advanced tires, the tire supplier addresses the trend toward more significant and potent agricultural machines.

• Bridgestone Corporation (Firestone)*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business strategies
• Titan International, Inc. (Goodyear Tires)
• BKT
• Continental Reifen Deutschland GmbH
• Michelin
• Deere & Company
• CNH Industrial N.V.
• AGCO Corporation
• Mahindra and Mahindra Ltd.
• Kubota Corporation

 “*” marked represents similar segmentation in other categories in the respective section.