Global Radial Farm Tire Market Analysis

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Global Radial Farm Tire Market Analysis

  • Automotive
  • Sep 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • The growing trend of precision farming, which utilizes advanced technology for optimized crop management, drives demand for radial farm tires. These tires enhance the performance of high-tech machinery used in precision agriculture by offering superior traction and durability
    • For instance, John Deere's precision farming equipment, which relies on robust tires, highlights the need for radial tires to support sophisticated farming operations efficiently
  • Asia-Pacific dominated the Radial Farm Tire market with the largest revenue share of 41.7% in 2024, driven by rising agricultural mechanization, expanding farming acreage, and increasing government subsidies for modern equipment across countries such as China, India, and Japan
  • North America is expected to grow at the fastest CAGR of 9.2% from 2025 to 2032, driven by advanced mechanized farming, large-scale commercial agriculture, and the rising replacement rate of conventional bias tires with radials for better yield and lower fuel consumption
  • The Radial Tires segment dominated the market with the largest revenue share of 67.5% in 2024, attributed to their superior durability, reduced soil compaction, and better fuel efficiency compared to bias tires

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