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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Modern agriculture requires the use of larger machinery and equipment. The trend towards total mechanization of farm operations makes the cost of machinery and equipment a major portion of the total farm expenses.
Recent developments in the design of agricultural tractors and off-road vehicles in general, and the increasing concerns about energy savings, soil conservation and safety have underlined the need for extending the general knowledge and understanding of agricultural tire behaviour.
| SI No | Timeline | Developments |
| 1 | Q4-2021 | Kirby tires from England expanded its presence in Europe by opening a new warehouse at Dublin, to increase the stock keeping units of AGRI STAR II and other Kirby tires. The new warehouse establishment also boosts the companyâs role as exclusive partner of Yokohama Off-Highway Tires Alliance brand. |
| 2 | Q4-2021 | The Increased flexion (IF) and Very High flexion (VF) are the efficient radial tires with longer wear. The IF and VF tires can withstand more load with less inflation pressure such as IF tires can carry up to 20 % more load at same radial inflation pressure, whereas VF tires can carry upto 40% more load with same standard radial inflation pressure |
| 3 | Q4-2021 | Radial tyres market share is increased for its better performance and the radial tires are the future of tyres that deliver better fuel economy and it is useful for maximizing traction and carrying heavy loads in the field. |
| 4 | Q3-2021 | BKT Industries opened a new manufacturing plant at Waluj, India with an investment of $56 million. The plant started its production to produce tyres for agricultural and industrial purposes and it has the manufacturing capacity of 30,000 metric tons per year. |
| 5 | Q1-2021 | Auto parts distributor COPADEX expanded its partnership with Alliance Tire Group to become the official distributor in France in the aim to increase Alliance's market share and make it a full distributor of Yokohama Off-Highway Tires. |
Autonomous and electric tractors will bring about the need to re-evaluate tire designs. In some cases, greater emphasis will be placed on durability over tire handling and performance.
Smart tire solutions with advanced sensing and reporting functions will also be needed as well. New tire designs will likely be an evolution existing technology which build on the benefits of proven solutions.
With recent developments, damage/puncture sensing with auto repairing tires and sensor-equipped tires in the field to measure and map compaction layers for tillage are in trend.
When a tractor driving over a field of varying soil types and moisture conditions. To reduce slippage, tires will automatically sense slippage and adjust the inflation and tread for optimum traction in real-time to boost productivity.
Currently, there are very few next-generation smart applications in industrial tires, but this is expected to change rapidly in the next 5 years.
The global tractor tire market is estimated at $XX Billion in 2024 and growing at XX% CAGR till 2030.
| SI No | Timeline | Company | Developments |
| 1 | Q3-2021 | Balkrishna Industries | BKT Tires introduced Agrimax Fortis tractor tires, designed for rock covered areas. The tire offers good traction on uneven terrain and a high flotation capacity and is capable of withstanding stresses from rocks, sharp stones and tears. |
| 2 | Q3-2021 | Ceat | Ceat introduced a new range of its Vardhan tyres series of 3 variants based on sizes, in both front and rear wheel tractor tyres. The front tyre is a four rib tyre, offers high traction and grip with better load distribution. Vardhan rear tyres are designed with wide thread for larger footprints and increases load carrying capacity with less slippage. |
| 3 | Q3-2021 | Yokohama Off-Highway Tires | Yokohama Off-Highway Tires (YOHT) subsidiary Alliance Tire Company introduced the new sizes of tires, to increase its portfolio in the agriculture segment. The new tires of Alliance 363 VF for tractors with flagship VF technology, comes with the new available size VF 710/60R34. |
| 4 | Q2-2021 | Balkrishna Industries | Bala Krishna Tyres continued its production of tyres in its manufacturing plants, to operate at near full capacity during the second wave of pandemic, to avoid supply disruptions or shipments. |
| 5 | Q2-2021 | Ceat | Ceat introduced Spraymax VF, designed with innovative VF technology for self propelled sprayers that can carry up to 40 percent more load with standard radial pressure or same load at 40% lower pressure. |
Apollo Tyres has launched the Virat series of next-generation agricultural tyres in Chandigarh, Northern India, in the presence of farmers and business partners.
The all-rounder tractor tyres are said to offer "industry-best traction" and have a unique design to deliver a high degree of performance to vehicles utilised in the agricultural and haulage sectors.
The Virat tyre, which is available in front and rear fitments, has 20 lugs to provide a strong grip, and more rubber in the tire's wearing zone results in even wear and a longer service life when used in both soft and hard soil.
The latest tyre from the firm also features a new lug design, distinct lug geometry, and new generation aesthetics. The curved lug geometry and a rounder groove profile near the tire's shoulder allow for faster mud evacuation from the bucket area between lugs, which improves grip. The tyre has a twin tapered lug design to lessen the risk of punctures and vehicle downtime.
Hercules Tires has introduced its first farm tyre. The AG-TRAC RT45 Radial R-1W from Hercules Tires is designed for optimal traction in the field. The initial launch will comprise ten SKUs with wheel widths ranging from 28 to 46 inches, covering the most common 4WD and MFWD tractor models.
Mud Diffusers, which aid in breaking mud and debris free from the tyre for optimal pulling force, are included in the new Hercules Tires AG-TRAC RT45. Multi-angle lugs provide a smooth ride between fields while improving handling and reducing vibration.
Optimized footprint, which helps to reduce soil compaction thanks to the sturdy flexible casing, and a 20% deeper tread than the conventional R1 that provides low slip, great grip, and long tyre life.
| SI No | Timeline | Company | Developments |
| 1 | Q4-2021 | Balkrishna Industries | Balkrishna Industries (BKT) plans to expand its production capacity by investing in all of its manufacturing plants. The BKT aims in the growth of the company by investing to maximize production, improve quality and to modernize equipment. |
| 2 | Q3-2021 | Yokohama Rubber Co., Ltd. | Yokohama Rubber to invest $171 million in its Yokohama Off-Highway Tires to double the plant's future production capacity at Visakhapatnam, India which is currently under construction and expected to start its operations from the first quarter of 2023. |
| 3 | Q2-2021 | Balkrishna Industries | BKT Industriesâ revenue grew by 31% from the 2Q of previous year, reaching up to INR 2,072 crore in the second quarter of 2022. |
The Goodyear agricultural tire features large circumferential grooves with lateral blading, thus enhancing performance in wet operating conditions. Higher TKPH/TMPH (ton-kilometre-per-hour/ton-miles-per-hour) rating* will help support higher average operating speed and long-distance travel.
John Deereâs three largest 8R-Series tractors come with Goodyear Super Single Low Sidewall (LSW) Technology tires for the model year 2021 when equipped with Independent Link Suspension.
Kubota Introduces L60LE Series Deluxe Compact Tractors. To customize the tractor, Kubota offers a wide variety of tire tread types and sizes. For example, agricultural tires are available for heavy-duty fieldwork requiring maximum traction; turf tires are designed for mowing with minimal ground disruption; and industrial tires are designed for loader work requiring a more everyday-use style tread.
Continentalâs very high-flexion (VF) tires feature a unique hybrid tread design which can be used for lower pressure in the field and at a higher pressure for highway transport while carrying the same load. The company says when the tire is fitted to tractors with onboard air compressors, the pressure of the tire can be monitored and adjusted by the operator without having to leave the cab.
CEAT Specialty Tires, Yieldmax Agricultural Radial Tire is designed for the combined harvester market. Its main purpose is to support massive machinery and provide a higher load capacity. Yieldmax is engineered and designed to ensure minimum impact on soil.
The premium agriculture tire Bridgestone Duravis Ag is made by Bridgestone, a well-known global tire manufacturer. The Duravis Ag, which was created especially for agricultural applications, provides remarkable performance, toughness, and versatility to satisfy the needs of contemporary farming.
The Bridgestone Duravis Ag tire is designed to increase the productivity and efficiency of agricultural equipment with a focus on grip, stability, and longevity. It is designed to endure the demanding field conditions experienced, ensuring dependable performance in a variety of farming operations.
The Duravis Ag's sturdy structure is one of its primary characteristics. The tire's construction makes excellent use of cutting-edge materials and cutting-edge technologies, providing excellent resistance to impacts, cuts, and punctures. Farmers can increase their operating efficiency because this durability feature greatly lowers the possibility of downtime caused by tire-related problems.
The Duravis Ag tire has a unique tread pattern that is made to provide excellent traction and grip on a variety of surfaces. The tire's aggressive tread design offers good traction in all types of terrain, including muddy fields, loose soil, and uneven surfaces, making it possible for agricultural equipment to easily maneuver through difficult situations.
With better stability and less slippage due to the increased traction, farmers are able to keep exact control over their machinery and increase production. The Bridgestone Duravis Ag tire's capacity to reduce soil compaction is another noteworthy feature.
The pressure put on the dirt is lessened by the tire's improved footprint and design, which disperse the weight equally. By doing this, soil compaction is reduced, which is essential for maintaining soil health, encouraging plant growth, and increasing crop output. The Duravis Ag assists farmers in preserving the long-term fertility and sustainability of their fields by reducing compaction.
The Bridgestone Duravis Ag delivers outstanding ride comfort and low noise levels in addition to its performance features. The tire's cutting-edge engineering and construction methods provide a comfortable ride for the operator, reducing tiredness over extended operating hours.
A peaceful working environment in the field is also made possible by the Duravis Ag's design, which incorporates noise-reducing elements.As a recognized tire producer, Bridgestone places a high value on environmental responsibility and sustainability. This dedication is demonstrated by the Duravis Ag's environmentally conscious design.
Due to the tire's low rolling resistance, which minimizes carbon emissions while simultaneously reducing fuel consumption, farmers looking to leave the smallest possible environmental impact should consider using it.
The Bridgestone Duravis Ag is available in a wide range of sizes to accommodate various agricultural equipment, including tractors, combines, sprayers, and more, to meet the diverse needs of farmers. Farmers may select the ideal tire size for their unique needs thanks to the wide range of size options that guarantee compatibility with various tractor setups.
A prominent agriculture tire made by Michelin, a top-tier worldwide tire manufacturer, is the Michelin Agribib. The Michelin Agribib has gained popularity among farmers and agricultural professionals all around the world thanks to its cutting-edge design and exceptional performance.
To precisely satisfy the high standards of contemporary agricultural machinery and equipment, Michelin developed the Agribib. Tractors, combines, and other powerful farming equipment utilize it most frequently. The tire is appropriate for a variety of farming applications across varied terrains and weather situations since it is designed to give great grip, stability, and durability.
The Michelin Agribib's distinctive lug design is one of its standout qualities. The tire has strong lugs that offer great grip and traction in the field, enabling farmers to easily maneuver through difficult terrain. The deep and broad lugs also improve self-cleaning capabilities by reducing the accumulation of mud, grit, and debris, which can adversely influence performance and traction.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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