Posted 2/29/2024, 11:40:00 AM
Farm Tire Demand Driven by Sustainability and Productivity Needs, $8.3 Billion Global Market by 2031
- Global agriculture tire market estimated to reach $8.3 billion by 2031, growing at a CAGR of 3.8%
- Increasing demand for all-terrain tires that optimize farm operations and enhance productivity
- Integration of bio-based and recycled materials to address sustainability concerns
- Key players like Bridgestone, Michelin, and Goodyear lead the market with advanced and eco-friendly tire technologies
- Asia Pacific presents significant growth opportunities due to rapid farm mechanization and increasing investment