Agriculture Tire Market to Grow with a CAGR of 5.75% in India through to 2030

The major drivers for the India Agriculture Tire Market include the increasing mechanization of farming practices, leading to higher demand for durable and specialized agricultural tires, as well as the expansion of the agriculture sector and a growing need for efficient and productive farm equipment.

According to TechSci Research report, “India Agriculture Tire Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, India Agriculture Tire Market has valued at USD 1.2 Billion in 2024 and is anticipated reach USD 1.6 Billion by 2030, Growing with a CAGR of 5.75%. The agricultural tire market in India is experiencing robust growth, driven primarily by the increasing mechanization of farming operations. As a predominantly agrarian country, India exhibits a significant demand for high-performance tires that cater to a wide range of agricultural machinery, including tractors, harvesters, and other equipment. This demand is further fueled by various factors, such as government subsidies that actively promote the adoption of advanced agricultural machinery, the introduction of cutting-edge tire technologies that enhance overall farming efficiency, and the pressing need for improved productivity in the agricultural sector.

There are specific regional variations within India that contribute to the growth of the agricultural tire market. Different parts of the country have diverse agricultural practices and varying soil conditions, which require specific types of tires for optimal performance. For example, regions with heavy clay soils may require tires with deeper treads to provide better traction, while areas with sandy soils may need tires with wider treads to prevent sinking and improve stability. The market is witnessing an increasing emphasis on sustainable and eco-friendly practices. With growing awareness about environmental impacts, farmers and agricultural businesses are seeking tires that not only offer high performance but also minimize soil compaction and reduce fuel consumption. Tire manufacturers are responding to this demand by developing innovative solutions, such as low-pressure tires that distribute weight more evenly and reduce the negative effects on soil health.

Despite the promising growth prospects, the agricultural tire market in India also faces certain challenges. Fluctuating raw material prices can significantly impact the cost of production, consequently influencing the pricing of agricultural tires. Additionally, the unpredictable nature of monsoon rains in India poses a potential risk to agricultural practices, potentially disrupting farming schedules and impacting crop yields. To mitigate these challenges, tire manufacturers are investing in research and development to optimize material sourcing and develop more durable and weather-resistant tire solutions.

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 The Indian agricultural tire market is segmented by demand category into OEM (Original Equipment Manufacturer) and replacement tires. The OEM segment focuses on tires supplied with new agricultural machinery, such as tractors, harvesters, and plowing equipment. As the agricultural sector continues to modernize, farmers are increasingly opting for new machinery, which requires high-quality tires that meet specific performance standards. These tires are designed to match the machinery’s specifications, providing optimal efficiency, safety, and durability for farming operations.  The replacement segment, on the other hand, caters to the needs of existing equipment that requires tire replacements due to wear and tear or damage. As agricultural machinery is used extensively across various terrains, the tires often experience significant stress, leading to the need for replacements. The replacement market is driven by the maintenance schedules of machinery owners who seek durable and cost-effective tires to ensure continued smooth operation. Farmers tend to replace tires periodically to maintain the efficiency of their machinery, as well as to improve productivity and avoid breakdowns during peak farming seasons.

Both segments are influenced by factors such as the rate of mechanization in different regions, the age of existing equipment, and the advancement of tire technologies. The demand for both OEM and replacement tires remains essential for supporting India’s growing agricultural industry. While the OEM segment benefits from the increasing purchase of new machinery, the replacement market ensures that older machines remain in good working condition, supporting farmers in their day-to-day operations. The balance between these two categories plays a critical role in the stability and growth of the agricultural tire market.

In 2024, the fastest growing region in India’s agricultural tire market is expected to be the Western region. This area includes states like Maharashtra, Gujarat, and Rajasthan, which are known for their large agricultural output. The demand for agricultural tires in this region is rising due to the growing adoption of modern farming equipment. As mechanization increases, farmers are turning to advanced machinery such as tractors, harvesters, and irrigation systems, all of which require high-quality, durable tires to operate efficiently.

The Western region has diverse agricultural practices, from crops like cotton and sugarcane to fruits and vegetables, which demand different types of tires designed for varying terrains and farming methods. The expansion of irrigated land and the push toward more sustainable farming practices are also driving the need for specialized tires that offer better performance and fuel efficiency. Government support for agricultural mechanization through subsidies and policies aimed at improving farm productivity further fuels the growth in this region. As both small and large-scale farmers upgrade their machinery to increase output, the demand for both OEM and replacement agricultural tires continues to rise. This combination of agricultural diversity and a push toward modernization makes the Western region the fastest growing market for agricultural tires in India in 2024.

Major companies operating in India Agriculture Tire Market are:

• Bridgestone Corp.
• Continental AG
• Balakrishna Industries Limited
• Titan International Inc.
• Trelleborg AB
• Michelin
• Nokian Tyres PLC
• Pirelli & C SpA (Prometeon Tyre Group)
• Alliance Tire Group
• Apollo Tyres

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“The India Agriculture Tire Market is a vital component of the nation's agrarian landscape. With agriculture being a cornerstone of the Indian economy, the demand for high-quality tires to support farming activities is substantial. These tires are essential for diverse operations, from plowing and sowing to harvesting and transportation. The market caters to the diverse needs of Indian farmers who face a wide range of geographic and climatic conditions. While challenges such as the transition to modern farming practices and cost constraints persist, market trends, including the adoption of radial and tubeless tires and technological advancements, are driving progress and efficiency in the sector.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“India Agriculture Tire Market By Vehicle Type (Tractors, Combine Harvesters, Trailers, Others) By Demand Category (OEM Vs. Replacement), By Regional, Competition, Forecast & Opportunities, 2020-2030F", has evaluated the future growth potential of India Agriculture Tire Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Agriculture Tire Market.             

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