![]() ![]() ![]() Leading players are stepping up their efforts to strengthen supply chain in order to consolidate their positions in the farm tire market. The market landscape is fragmented, with the presence of large number of companies holding significant stake. Steady expansion of the agriculture sector in Europe is likely to create significant business opportunities for companies in the market. The market in North America is witnessing significant growth due to considerable demand for farm tires. Bias-ply tires are suitable for farmers handling heavy loads. Surge in production of bias tires for use in agricultural applications in several countries in Asia is anticipated to augment market growth in Asia Pacific. Rise in demand for bias-ply farm tires and other affordable high-quality tires in the agriculture industry is anticipated to fuel market development. Presence of several regional and international tire manufacturers in the region is projected to propel the market in Asia Pacific in the next few years. Rapid development of the agriculture sector is likely to augment demand for farm tractors, which, in turn, is expected to propel the market in the region. Radial tires have several advantages such as larger footprint, which reduces the problem of soil compaction, longer-lasting tread for larger lifespan, and enhanced traction for more comfort to the farmer.Īsia Pacific accounted for the leading market share in 2022 and is projected to retain its leading position in the near future as well. Characterized by high traction and lower rolling resistance, radial farm tires are durable and can be used in different road conditions. Rise in Development of Low-pressure Radial Tires: Continuous innovation in tubeless tires has led to development of low-pressure radial tires. Nevertheless, due to the fact that tubeless tires are made from natural rubber, their usage in the manufacture of farm tires has increased in China and India considerably. ![]() However, bias ply tires are more prone to damage due to heat buildup and reduced traction than radial tires. ![]() Steady demand for new generation of farm tires is expected to fuel utilization of tubeless tires in agriculture vehicles. Rapid Adoption of Tubeless Bias Tires in Tractors: Significant adoption of tubeless tires is propelling the farm tire market. North America, Europe, Asia Pacific, Middle East & Africa, South AmericaĪlliance Tire Group (ATG), Apollo Tyres, Bridgestone Corporation, Balkrishna Industries Limited, Cooper Tire & Rubber Company, Continental AG, China National Tire & Rubber Co., CEAT Tyres, The Goodyear Tire & Rubber Company, JK Tyre & Industries Ltd., MICHELIN, Nokian Tyres PLC., Pirelli & C SpA., Sumitomo Rubber Industries Ltd., Titan International, Inc., Trelleborg AB, Yokohama Rubber Co., Ltd. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.Tire Type, Tire Size, Application, Sales Channel BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. ![]()
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