India Agriculture Tire Market, By Region, Competition, Forecast & Opportunities, 2020-2030F

The India Agriculture Tire Market was valued at USD 1.2 Billion in 2024, and is expected to reach USD 1.6 Billion by 2030, rising at a CAGR of 5.75%. The market is witnessing significant momentum driven by increased mechanization across the farming sector. As a country with a predominantly agrarian economy, India has seen a surge in demand for durable, high-performance tires compatible with a range of agricultural machinery, including tractors and harvesters. Record tractor sales - reaching 894,112 units in 2024 - reflect strong market sentiment. Government subsidies promoting advanced farm equipment, evolving tire technologies, and the necessity to enhance agricultural productivity are boosting demand further. Additionally, regional diversity in soil conditions across India creates a need for specialized tire designs tailored to specific terrains, such as deep-tread tires for clay soils and wide-tread tires for sandy areas, enhancing the market’s complexity and growth potential.

Key Market Drivers

Agricultural Productivity and Land Usage

The core driver of the India Agriculture Tire Market is the country's heavy reliance on agriculture, which employs a large segment of the population. The demand for specialized, high-durability tires is directly influenced by the expansion of farmland and the adoption of advanced agricultural practices. As farming operations scale up and modernize, the need for efficient tires to support heavy-duty equipment grows. For instance, India’s agriculture sector recorded an average annual growth rate of 5% between FY2017 and FY2023, with farm income rising 5.23% annually over the past decade. In 2024, kharif foodgrain production is projected to reach 1,647.05 LMT, marking an increase of 89.37 LMT from the previous year.

Key Market Challenges

Price Volatility and Cost Concerns

A major challenge in the India Agriculture Tire Market lies in the fluctuating costs of raw materials like rubber and steel, which are critical for tire manufacturing. These global price variations make it difficult for manufacturers to maintain consistent pricing structures. Additionally, producing premium-quality tires with robust performance features involves high production costs, which are often transferred to the end consumers - mainly farmers - who are highly cost-sensitive. This dynamic creates pricing pressure and limits market accessibility, affecting the overall competitiveness and stability of the sector.

Key Market Trends

Shift Towards Radial Tires

An emerging trend in the India Agriculture Tire Market is the rising preference for radial tires over traditional bias-ply variants. Radial tires are gaining popularity due to their superior traction, lower soil compaction, and enhanced fuel efficiency. These features align well with the needs of modern agricultural equipment and support improved field performance. As farm mechanization accelerates across the country, the adoption of radial tires is increasing. Manufacturers are addressing this shift by expanding their radial tire product lines, offering new models and specifications to meet evolving agricultural demands. This transition is expected to continue as efficiency and sustainability become central priorities for Indian farmers.

Key Market Players

• 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

Report Scope:

In this report, the India Agriculture Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Agriculture Tire Market, By Vehicle Type:

• Tractors
• Combine Harvesters
• Trailers
• Others

India Agriculture Tire Market, By Demand Category:

• OEM
• Aftermarket

India Agriculture Tire Market, By Region:

• North
• East
• West
• South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Agriculture Tire Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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